From pv journal India
Gautam Solar has revealed plans to extend its photo voltaic module manufacturing capability to five GW by 2025. The firm additionally introduced a $121.1 million PV cell enlargement undertaking, which will likely be financed by an IPO deliberate for within the subsequent 12 to 18 months.
“This enlargement will happen in three phases, with the primary section scheduled for completion in November 2024, adopted by the second and third phases in January and April 2025, respectively,” the corporate stated.
The new photo voltaic cell manufacturing facility will allow Gautam Solar to satisfy necessities inside India, which is vital for government-backed subsidy tasks that require regionally manufactured parts.
Gautam Solar has acquired house in Bhiwani, Haryana, for increasing its photo voltaic panel manufacturing capability. However, it stated it’s nonetheless open to contemplating different areas based mostly on the general ecosystem.
By vertically integrating its operations, the corporate stated it’s going to additional develop its capabilities, constructing on its already working photo voltaic module manufacturing facility in Haridwar and a future module manufacturing enlargement in Bhiwani.
New Delhi-based Gautam Solar is within the means of increasing its photo voltaic module capability to three GW by 2024-25 and to five GW by 2025-26.
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