Gautam Solar Invests Rs 10 Billion in Solar Cell Manufacturing Venture

20 Sep 2024 CW Team

Gautam Solar, a New Delhi-based solar module manufacturer, has announced an investment of Rs 10 billion to enter the solar cell manufacturing sector, establishing a 2 GW solar cell facility. The company intends to include its solar cells in the Approved List of Models and Manufacturers (ALMM) and plans to produce N-type TopCon technology solar cells at this new facility.

This initiative aims to meet the increasing demand for domestic content requirement (DCR) panels, which are essential for government-backed subsidy projects that require locally manufactured components. According to previous reports from Mercom, India's ambitious solar energy goals are currently facing challenges due to a lack of domestically produced solar modules.

Gautam Solar has secured a 60-acre land parcel in Bhiwani, Haryana, for manufacturing solar panels and raw materials. This expansion will complement the company's existing solar module manufacturing plant in Haridwar and the upcoming module manufacturing expansion in Bhiwani.

The CEO of Gautam Solar, Gautam Mohanka, stated that the new 2 GW solar cell manufacturing plant aligns with the Ministry of New and Renewable Energy's (MNRE) guidelines to promote indigenous manufacturing of solar cells. He emphasised that the company is strengthening its manufacturing capabilities by integrating solar cell production into its existing operations.

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