Indian PV producer Alpex Solar mentioned it plans to double its PV module capability to 2.4 GW by fiscal 2026 and is exploring gigawatt-scale photo voltaic cell manufacturing.
India’s Alpex Solar has introduced plans to double its PV module capability to 2.4 GW by fiscal 2026. It will set up the brand new capability at its just lately acquired land in Kosi Kotwan, Mathura, Uttar Pradesh. The board additionally approved the managing director to discover gigawatt-scale photo voltaic cell manufacturing, which may also be arrange on the Kosi Kotwan plant.
“[Solar cell manufacturing] It can provide us many benefits, together with price, profitability, and markup, and improve our potential to supply turnkey providers to the top consumer,” mentioned Ashwani Sehgal, managing director of Alpex Solar. “Negotiations are at a complicated stage, and the Board and the respective authorities will probably be knowledgeable as soon as they’re agency. The capital outlay will probably be met via further amenities from banks and monetary establishments, inner accruals, and fairness infusion.
Alpex Solar mentioned it plans to increase its PV module capability by 750 MW to 1.2 GW and construct an aluminum body manufacturing unit utilizing the proceeds from the preliminary public providing. The firm has accomplished 900 MW of growth and expects to finish the remaining 300 MW on the present web site inside the subsequent three months, aiming for a complete capability of 1.2 GW by the third quarter of fiscal 2025.
It plans the aluminum body manufacturing undertaking in three phases.
“The first section has been efficiently accomplished and is operational on the Greater Noida facility. Due to area constraints, the remaining phases will probably be carried out on the newly acquired land at Kosi Kotwan as a part of our greenfield growth,” Alpex mentioned. Solar.
Earlier this 12 months, Alpex Solar bought a plot of land from the Uttar Pradesh Industrial Development Authority (UPSIDA) in Kosi Kotwan, Mathura, Uttar Pradesh, for its second manufacturing unit. The firm mentioned it plans to construct a 1.2 GW photo voltaic module facility on the web site, financed via inner accruals and loans.
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