RSOLEC to Invest $300M in India Solar Manufacturing Plant

RSOLEC, a solar company based in India and the US, will focus on making solar crystals and wafers in India. The company wants to be a major player in the entire solar industry in the long run.

RSOLEC will start by building a factory that can make 5 GW of solar crystals and wafers a year. The company plans to expand the factory to make more than 20 GW a year in the future. The factory is scheduled to start operating in late 2025 and start making products in 2026.

RSOLEC is looking at several different locations for the factory and will choose one that is the best for the company. RSOLEC announced its plans for a solar factory in India after it was officially launched and said it would invest $300 million.

“With global reach and expertise in differentiated solar and electronic materials manufacturing, RSOLEC is set to revolutionize the industry with a strategic focus on solar crystal growth and wafering,” said the company.

RSOLEC, a solar manufacturing company, plans to focus on crystal growth and wafering operations in India for the next five years. This will contribute significantly to the country's strategic solar manufacturing capacity. RSOLEC's long-term goal is to expand its manufacturing activities to cover the entire solar value chain.

The company's core objective is to become a leading solar manufacturer with the lowest capital intensity, ensuring globally competitive production costs. RSOLEC aims to achieve a capital intensity below $35 million per gigawatt.

RSOLEC's facility will use the state-of-the-art Recharge Czochralski (RCZ) process for crystal growth, which can be adapted to the emerging Continuous Czochralski (CCZ) process. Wafer production will be based on the cutting-edge DCW platform, which can produce thin wafers measuring less than 100 micrometers in thickness.

RSOLEC's main product will be high-quality silicon wafers with low oxygen content, extended lifetimes, and controlled resistivity. These wafers will be compatible with all solar cell technologies. RSOLEC aims to produce crystals with uniform resistivity, which could potentially result in an average cell efficiency increase of 0.15%. This would be a milestone in the solar manufacturing industry.

For select customers with stringent requirements for low oxygen content, RSOLEC will use the magnetic Czochralski (MCZ) platform. The facility will have the capacity to produce wafers in various sizes, including M10, G12, and G16.

RSOLEC expects to achieve an 80% improvement in productivity and a 40% reduction in production costs in a relatively short time frame by leveraging continuous technological advancements on existing platforms.

RSOLEC was founded and is supported by technocrats from five different countries spanning three continents. The company is headquartered in the US state of Delaware and operates through its Indian subsidiary, which is located within the IIT Madras Research Park.

“RSOLEC is poised to contribute to the solar energy revolution and initiate the cultural transformation required for success in the dynamic solar manufacturing sector,” said Milind Kulkarni, chairman and CEO of RSOLEC. “Our differentiation lies in our technology-driven, low-risk innovations, positioning RSOLEC at the forefront of the solar industry.