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Updated: May 30, 2025 19:52
Saatvik Green Energy Ltd. has reached a significant milestone, celebrating a decade of excellence in solar energy solutions. Since its inception in 2015, the company has emerged as a key player in India’s renewable energy sector, driving innovation and sustainability through its solar module manufacturing and engineering, procurement, and construction (EPC) services.
Growth Journey and Industry Leadership
- Saatvik Green Energy began operations with an installed capacity of 125 MW in 2017, which has expanded to 3.80 GW as of early 2025.
- The company has supplied over 2 GW of high-efficiency solar modules globally, reinforcing its position as a leading EPC provider in India.
- Its three manufacturing facilities in Ambala constitute one of India’s largest single-location module plants, with plans to increase capacity to 4.80 GW by 2026.
Expansion Plans and Innovation
- Saatvik Green Energy is advancing its backward integration strategy by establishing a solar cell and module manufacturing facility in Odisha.
- The Odisha facility will have a cell line manufacturing capacity of 4.80 GW, expected to be operational by fiscal 2027, and a module production capacity of 4.00 GW, set to launch in fiscal 2026.
- Additionally, the company plans to set up a facility in Madhya Pradesh for the production of ingots, cells, and wafers, further strengthening its supply chain.
Market Reach and Distribution Strategy
- Saatvik Green Energy has expanded its distribution network across India, ensuring accessibility of solar solutions in Tier II and Tier III cities.
- Regional warehouses have been established in Rajasthan, Maharashtra, Kerala, and Madhya Pradesh to streamline storage and delivery operations.
- The company aims to collaborate with local distributors to enhance market penetration and accelerate solar adoption nationwide.
Future Outlook and Sustainability Goals
- Saatvik Green Energy remains committed to growing its customer base in India and internationally by offering innovative and cost-effective solar solutions.
- The company continues to focus on sustainability, aiming to contribute to India’s clean energy transition through advanced solar technologies.
- With a strong revenue growth trajectory and expanding operational footprint, Saatvik Green Energy is poised to play a pivotal role in shaping India’s renewable energy future.
Source: Business Standard, Manufacturing Today India.