Jakson Engineers invest Rs 20 billion in 2,500 MW solar cell facility

08 Oct 2024 CW Team

Jakson Engineers Ltd (JEL), part of the Jakson Group, has announced an investment of approximately Rs 20 billion to establish a 2,500 MW solar cell manufacturing facility. The project will be developed in two phases, with the first phase set to be completed within the next 15 months. Concurrently, the company is expanding its existing solar module production capacity to 2,000 MW, with the expansion expected to be completed in six months.

The new facility and expansion are projected to create 1,200 jobs and strengthen JEL’s position as a fully integrated solar solutions provider. “This expansion not only strengthens our market position but also underscores Jakson’s commitment to growth and sustainability,” said Sundeep Gupta, Vice Chairman & Managing Director of Jakson Group.

India’s current solar cell manufacturing capacity stands at 7 GW, and Jakson’s initiative aims to help bridge the gap between domestic production and imports. The investment aligns with India’s objective of achieving self-reliance in renewable energy and meeting its Net Zero emissions target.

The new facility will incorporate advanced TOPCON technology to enhance efficiency and reliability. This expansion will also bolster JEL’s backward integration capabilities, offering greater value to customers while supporting India’s clean energy transition. As part of its long-term growth strategy, Jakson aims to eventually scale up its capacity to 5,000 MW. (ET)

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