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Gautam Solar Pvt. Ltd. has announced that they are investing ₹4,000 crore to develop a state-of-the-art solar cell manufacturing facility in Madhya Pradesh.
The Delhi-based company specialises in production of high-capacity solar modules. They also provide Engineering, Procurement, and Construction (EPC) services for solar power plants to a diverse clientele. Currently they have a production capacity of 3.2 GW.
The deets: the company plans to build a solar plant of 5 GW in Gwalior. It will span 54 acres and will be used to produce advanced TOPCon solar cells. Phase 1 of the project is already underway and the entire facility will be operational by 2029.
Zoom out: the move aligns with India’s larger aim of achieving 500 GW of renewable energy capacity by 2030 and cut down import dependence. Having recently received a CRISIL rating of ‘A-Stable’ for long-term, Gautam Solar is well-positioned as a solid and reliable player that can propel this mission forward.
