RSOLEC proposed ₹5,000 crore 5 GW solar ingot and wafer plant in Tumakuru, Karnataka

Renaissance Solar and Electronic Materials (RSOLEC), an Indo–US joint venture, said it plans to invest ₹5,000 crore to set up a 5 GW solar ingot and wafer manufacturing facility in Tumakuru, Karnataka, within the Chennai–Bengaluru Industrial Corridor area. The company has sought 100 acres of land and requested 80 MW power and 10 million litres of water per day; discussions with the Karnataka government on requirements and incentives were reported as ongoing.