Shirdi Sai Electricals targets 10 GW of ingot-to-solar module capacity by March 2026


Shirdi Sai Electricals aims to achieve 10 GW of ingot-to-solar module capacity, along with manufacturing of solar glass, by March 31, 2026. The company will invest INR 30,000 crore to build the production capacity, which it plans in a phased manner in Andhra Pradesh.

“We intend to complete 500 MW ingot-wafer-cell-module in FY 2024-25, and in 2025-26, we will complete the rest 9.5 GW ingot-wafer-cell-module,” said Dr Balachander Krishnan, chief operating officer (ingot-to-module plant), Indosol Solar Pvt Ltd (ISPL)—a special-purpose vehicle formed by Shirdi Sai Electricals Ltd to execute the integrated PV manufacturing project.

Production has already started from a 500 MW module line.

Krishnan said the 9.5 GW addition will be again in two phases, 4.5 GW in the first phase and 5 GW in the next phase. This will also include the glass capacity.

“We will be investing INR 15,000 crore for 5 GW, and for 10 GW, it will be INR 30,000 crore,” Krishnan added .

The capacity will be equipped for TOPCon and HJT technologies both.

ISPL has received production-linked incentive from the Ministry of New & Renewables Energy, Government of India.


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