Solarium Green Energy Limited has announced the launch of its 1 GW solar module manufacturing facility in Ahmedabad, a significant step in the company’s strategic backward integration plan. Revealed through a regulatory filing, the facility represents an investment of approximately Rs 90 crore, excluding working capital, and is equipped with state-of-the-art automated manufacturing lines.
The facility is designed to produce high-efficiency crystalline silicon solar PV modules, including large-format G12 modules with capacities up to 725 Wp. Leveraging technologies such as TOPCon, half-cut, and bifacial cells, the facility aims to enhance production capabilities and reduce costs associated with solar modules, which typically account for a substantial portion of EPC project expenses.
By decreasing reliance on external suppliers and streamlining the supply chain, the new plant is expected to improve operational efficiency and project execution timelines, potentially boosting profit margins through internal consumption. With an anticipated utilization rate of approximately 85%, the facility has the capacity to generate annual revenues exceeding Rs 1,000 crore, subject to market conditions and pricing dynamics.
The company plans to utilize the facility for both internal consumption and external sales to EPC partners and other B2B clients. Ankit Garg, the chairman and managing director of Solarium Green Energy, highlighted the rapid delivery of the facility within nine months, emphasizing its pivotal role in the company’s expansion and enhanced capabilities throughout the solar value chain.
Source: Entrackr : Latest Posts