The recent RE+ 2024 exhibition, North America's largest clean energy event, provided a platform for GREW Energy to showcase our solar tech and gain critical insights into the evolving global renewable energy landscape. As one of the top solar companies in India, our participation in this event aligns perfectly with our mission to strengthen the renewable energy infrastructure.
The North American solar market presents a compelling opportunity for growth and innovation. With the U.S. solar industry aiming to reach 30% electricity generation by 2030, up from over 6% today, the market is ready for significant expansion. This goal, representing a major increase in solar's share of electricity generation in just six years, emphasizes the urgent need for innovative, efficient, and scalable solar solutions– precisely what GREW Energy offers as one of the leading solar panel manufacturers.
At RE+ 2024, we showcased two products: our P-type solar PV modules and our high-efficiency N-type Topcon PV modules. The event provided an excellent opportunity to demonstrate how our solar PV modules are engineered to withstand diverse weather conditions, ensuring consistent energy output across various installation environments. Simultaneously, our N-type Topcon modules garnered significant attention for their superior efficiency and enhanced performance in high-temperature regions, addressing a critical need in many markets.
The exhibition reinforced our confidence in the N-type Topcon technology. Conversations with industry experts and potential partners validated our approach, confirming that high-efficiency modules capable of performing in extreme conditions are increasingly in demand. We also identified opportunities to further enhance our products.
Our 3-stage backward integration for manufacturing process, a cornerstone of GREW Energy's rapid growth, was a point of significant interest. With our fully operational 1.2 GW manufacturing facility in Jaipur and the near future completion of an additional 1.6 GW facility, we are well-positioned to meet the growing global demand for high-quality solar PV modules. The recent inauguration of our groundbreaking 3.2 GW solar manufacturing plant in J&K further solidifies our manufacturing capabilities and our commitment to driving down the cost of solar energy.
Discussions at RE+ 2024 revealed a strong market reception to high-efficiency modules, particularly for commercial and utility-scale applications. The North American market's increasing focus on resilience and long-term performance aligns perfectly with the strengths of our P-type and N-type module offerings.
GREW Energy's commitment to sustainability resonated strongly with the event's focus on clean energy solutions. Our efforts to reduce the carbon footprint of our manufacturing processes and our role in driving down the cost of solar energy were well-received. The event solidified our belief that sustainable manufacturing practices are not just environmentally responsible but also a vital differentiator in the competitive solar market.
Participating in RE+ 2024 has sharpened our vision for the future. As we continue to expand our manufacturing capacity, we are more committed than ever to playing a pivotal role in the global transition to renewable energy and strengthening India's renewable energy infrastructure.
Backed by the Chiripal Group's 50+ years of manufacturing legacy, GREW Energy is poised to leverage its innovative technologies, scalable manufacturing capabilities, and commitment to sustainability to make significant contributions to the solar industry's ambitious goals.
As we move forward, we are excited about the potential partnerships and collaborations that could emerge from our interactions at RE+ 2024.
RE+ 2024 has reinforced our belief that GREW Energy is well-positioned to be a key player in the global solar market. Our innovative products, scalable manufacturing processes, and commitment to sustainability align perfectly with the industry's direction and needs. As we continue to grow and expand, we remain dedicated to our vision of empowering a sustainable future through accessible, efficient, and reliable solar energy solutions.
