The Videocon Group has entered into a 50:50 JV with Belgium based global
renewable energy developer, Enfinity, thus marking its foray into the solar
energy sector.
The JV is planning to produce 2,000 MW solar energy in the next few years.
The JV plans to de-centralise the power generation program, meaning that it will
be setting up facilities in several places with different capacities.
Both companies are in discussion with Rajasthan, West Bengal, Gujarat,
Maharashtra, Tamil Nadu and Andhra Pradesh governments, to explore possibilities
of setting up plants there.