Insolation Energy to add 3 GW solar panel, 1.4 GW cell capacity by March

Indian solar manufacturer Insolation Energy is expanding its solar panel production capacity to 4 GW per year with the addition of 3 GW lines.  The new capacity addition will complete within the current fiscal 2024-25.

The company will also commission manufacturing capacities of 12,000 MT of aluminum framing and 1.4 GW of cells by March next year.

“A tech tie-up is already been in place with a vendor for 1.4 GW of cell manufacturing capacity to be commissioned in 2025-26 and this will help in fulfilling the current robust demand as well as showcasing of latest adopted and established technology,” stated Insolation Energy.

Manish Gupta, chairman of Insolation Energy, and Vikas Jain, managing director, said, in the first quarter of FY 2024-25, Insolation Energy has achieved its highest quarterly sales since inception, and with the robust demand, the momentum will continue in coming quarters. In Q1 of FY 2024-25, Insolation Energy achieved 181.86% volume growth year-on-year on consolidated basis. Revenues surpassed the value in the first half of FY 2023-24.