Goldi Solar is preparing a major manufacturing expansion in India, aiming to add around 5 gigawatt (GW) of solar module manufacturing capacity and nearly 16 GW of solar cell manufacturing over the next two financial years, according to industry sources.
The move is designed to meet rising domestic demand as large-scale solar deployment accelerates across the country.
This Gujarat based renewable energy firm has three solar module manufacturing plants around Surat whose total installed capacity is 15.2 GW. The sources tell that Goldi Solar is currently planning a draft of expanding its total module capacity to more than 20 GW with the additional 5 GW. The current capacity of 15.2 GW is already approved by government in the Approved List of Models and Manufacturers (ALMM) system.
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The Make in India agenda is supported through the ALMM initiative, headed by the Ministry of New and Renewable Energy that helps in promoting local production, minimizing use of imported products, and providing jobs and maintaining quality of locally produced solar modules.
Alongside module expansion, the company is strengthening backward integration. Goldi Solar is in the process of setting up a 1.2-GW solar cell manufacturing unit and is planning an additional 16 GW of cell capacity by FY28. This expanded cell capacity will support the production of advanced bi-facial TOPCon N-type solar modules, which offer higher efficiency.
The expansion is closely linked to growing domestic demand, driven by government-backed programs such as PM Surya Ghar: Muft Bijli Yojana, which is pushing rooftop solar adoption nationwide.
Queries sent to the company regarding project timelines and investment plans did not receive a response. Industry estimates suggest that setting up 1 MW of solar module capacity typically requires an investment of Rs 5–7 crore.
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