Gautam Solar announced on Wednesday its plan to invest ₹1,000 crore ($119.5 million) in setting up a 2 gigawatts solar cell manufacturing facility.
According to a statement, this facility will enable the company to meet the rising demand for domestic content requirement panels.
The DCR mandates specific components sourced from domestic manufacturers for government-backed subsidy projects.
According to the news agency, the company aims to enhance its competitiveness by offering high-quality, DCR-compliant solar cells. It positions itself as a solid alternative to Chinese manufacturers, who currently dominate the Indian solar cell supply chain.
The facility will produce the N-type tunnel oxide passivated contact solar modules and mono passive emitter and rear cell modules.
N-type TOPCon modules use phosphorus to dope the silicon base, making them more resistant to light-induced degradation.
Mono PERC modules, on the other hand, use monocrystalline silicon, which is known for its high efficiency and durability.
CEO Gautam Mohanka said in the statement that the facility is aligning with the Ministry of New and Renewable Energy’s guidelines on promoting indigenous manufacturing of solar cells.
The company’s expansion into solar cell manufacturing will significantly contribute to India’s target of achieving a renewable energy capacity of 500 GW by 2030 and help secure its position as a global solar energy hub.
The homegrown solar modules manufacturer has acquired a 60-acre land parcel in Bhiwani, Haryana, to manufacture solar panels and their raw materials. It is targeting to achieve 5 GW capacity by 2025-2026.
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