Solarium Re-Enters Solar Module Manufacturing: 1000MW Capacity with Latest Automated Technology

Solarium Green Energy Limited, a market leader in rooftop solar projects in India, is planning to re-enter in to manufacturing of Solar Modules using latest technology fully automated machinery with higher capacity. The facility will be installed with production capacity of ~1000 MW at Ahmedabad, Gujarat, India and at an estimated project capex cost of ~X70 crore + requisite working capital via mix of debt to equity in ratio of 3:1. This strategic move is part of the company’s backward integration initiative, aiming to mitigate cost volatility, expedite project execution and secure its supply chain along with improvement in margins. The facility will focus on the production of Crystalline Silicon Solar PV Modules, utilizing advanced technologies such as TOPCon cells, half-cut cells, and bifacial cells. The commercial operation is expected to be commissioned from Q4 of the current FY.