Solarium Green Energy Ltd. has announced its return to solar module manufacturing, committing ₹700 million in capital expenditure to establish a stateoftheart production facility. The move reinforces Solarium’s position in India’s renewable energy sector, aligning with the country’s ambitious solar expansion goals.
Key Highlights:
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Strategic ReEntry: Solarium previously exited solar module production in 2021, shifting focus to solar EPC projects, but is now reviving its manufacturing operations.
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Advanced Production Facility: The new plant, located in Ahmedabad, Gujarat, will feature highefficiency monocrystalline and bifacial solar panels, catering to utilityscale and rooftop installations.
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Capacity Expansion: The facility aims to achieve an annual production capacity of 500 MW, supporting India’s growing demand for domestically manufactured solar modules.
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Government Incentives: The investment aligns with India’s ProductionLinked Incentive (PLI) scheme, which promotes local solar manufacturing and reduces import dependency.
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Market Impact: Solarium’s reentry is expected to boost competition, with leading players like Vikram Solar and Waaree Energies already expanding their manufacturing footprints.
With this bold investment, Solarium Green Energy is set to strengthen India’s solar supply chain, ensuring highquality, costeffective solar solutions for domestic and international markets.
Sources: Solarium Green Energy, IndiaMart, Business Standard