Gautam Solar sets up new solar module facility in Haryana

Gautam Solar has launched a new solar module manufacturing facility in Bhiwani, Haryana, achieving full-scale operations within a year. 

Spanning 60 acres, the fully automated plant has already surpassed a 2 GW production capacity, with plans for further expansion. 

The facility is currently installing two high-speed production lines sourced from Tier-1 suppliers, set to increase capacity to 3.2 GWp by March 2025. The company aims to scale up to a total capacity of 5 GW by the end of the year.

In a related development, Grew Solar has committed Rs 28 billion to establish 3.6 GW of solar module and 3 GW of solar cell manufacturing capacity over the next 12 to 14 months. The investment is structured with a 2:1 debt-equity ratio, with Rs 9.50 billion in equity and the remainder financed by leading banks. The 3.6 GW module manufacturing facility is currently under installation.