Entrepreneur and investor Nikhil Kamath has invested INR 137.5 crore in Goldi Solar, a Gujarat-based solar PV module manufacturing company. The investment will enable Goldi Solar to expand its production.
Goldi Solar nearly tripled its PV module manufacturing capacity from 3 GW to 14.7 GW in the last 12 months and is now venturing into large-scale solar cell manufacturing to serve both domestic and export markets.
“Renewable energy in India is a massive sector, and there is an equally massive opportunity to build global-scale companies right here on our home ground. It is imperative that we back these companies to accelerate the country’s clean energy transition,” said Nikhil Kamath.
The investment comes amid rapid growth in domestic solar demand, supported by government targets of 280 GW of solar power by 2030, import duties on foreign modules, and incentives for local manufacturers under the Production Linked Incentive scheme.
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