India’s Jakson Group, the Noida-based energy and engineering solutions company, plant to increase its solar manufacturing capacity to 1.5 GW by 2020, the Business Standard has reported.
The company is planning to invest INR 7 billion ($0.11 billion) in a new solar module manufacturing plant in Gujarat. According to Sameer Gupta, chairman, and managing director of Jakson Group, the investment would be made in two phases.
In the first phase, an initial production capacity for 500 MW of solar modules would be set up. In the second phase, another 500 MW of solar module manufacturing and 250MW of the solar cell would follow.
The company currently has 70 MW of mono- and poly-crystalline module manufacturing capacity in Noida, besides an installed capacity of 500 MW of module mounting structures.
Gupta said: “We are also targeting the export market, which includes countries in West Asia and Africa for our EPC business. We have already appointed 12 dealers for selling modules, and offer retail solutions in the export market.”
The Jakson Group also runs three solar power plants with a total installed capacity of 60 MW. It plans to scale up its solar installation portfolio to 500 MW in India and the overseas market.
In July, India Railways signed-off its first 1,600 HP Diesel Electric Multiple Unit (DEMU) coach, equipped with solar-powered load system installed and commissioned by Jakson. The installed solar rooftop system generated 7,200 kWh/year per coach, which is used for powering internal lights, fans and other electrical systems.
The project helps to offset carbon emissions by nine tonnes per coach annually, and save about 21,000-liters of diesel for a solar-powered DEMU with six trailer coaches, thereby bringing saving of INR 1.2 million ($ 18,454) every year to India Railways.
Though the company expanded into the solar business back in 2010, power back-ups and diesel gensets still comprise a large part of its revenue. About 40% of Jakson Group’s INR 27 billion ($0.42 billion) revenue comes from the manufacture and sale of Cummins-powered gensets and distribution business.
Solar modules contribute another 44%, while the remaining comes from other businesses, which include EPC and defense retrofitting.