Solar module manufacturer Cosmic PV Power Ltd has secured orders worth about INR 600 crore, through Zetwerk Manufacturing Businesses, for supplying solar modules to private-sector independent power producers (IPPs).
“With this, the company has made a formal entry into the IPP market. Until now, Cosmic PV largely catered to mid-sized EPC players and select OEMs, but this order signals a strategic shift into larger utility-scale opportunities,” the company said.
Management expects to close additional major contracts in the coming months, positioning Cosmic PV Power for accelerated growth over the next one to two years.
Jenish Ghael, Chairman of Cosmic PV Power, said, dispatches for the Zetwerk order have already commenced, and the company is committed to ensuring smooth and timely execution.
Shravan Gupta, Managing Director, Cosmic PV Power, added, “The order showcases Cosmic PV Power’s capability to handle large-scale supply commitments and reflects the company’s readiness to compete in the utility and IPP segments.”
In just two years, Cosmic PV Power has grown from a 200 MW module manufacturer to a 3 GW integrated solar module gigafactory. Out of this, 1.3 GW is already listed in the Approved List of Models and Manufacturers (ALMM), and the balance is in the process of getting listed, the company stated.
Cosmic PV Power Ltd recently secured 60 acres of land in Narmadapuram, Madhya Pradesh, allocated by the MP government, for setting up its upcoming 4 GW solar cell manufacturing line.
The company also signed a Memorandum of Understanding (MoU) with Indygreen Technologies to establish a 2 GW lithium-ion battery production line for Battery Energy Storage Systems (BESS). The supply and commissioning of the new production line are scheduled for completion by March 2026, marking the company’s formal entry into India’s rapidly growing energy storage sector, the company stated.
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