Gautam Solar Increases Solar Manufacturing Capacity From 120 MW to 250 MW in India

Gautam Solar has more than doubled its solar panel manufacturing capacity from 120 MW to 250 MW at its facility in Haridwar.

Gautam Solar, one of the leading solar manufacturers in the country, has announced that it has more than doubled its solar panel manufacturing capacity from 120 MW to 250 MW at its facility in Haridwar.

The firm stated that, in today’s time, it is imperative to raise local production and reduce imports from countries like China. Firstly, it will help Indian manufacturers increase their production capacity, thereby reducing our dependence on foreign solar manufacturers. Secondly, once the solar demand is met, India can venture into the global solar market – which would give a liquidity boost to the country.

Further adding that the PLI scheme in India is also working on the same objective as it is expected to add 10,000 MW of integrated solar PV manufacturing capacity and bring direct investments of about Rs 17,200 crores. Market experts are predicting that close to 30,000 jobs will also be created in the process.

Prior to announcing the new PLI scheme, the Indian government had already declared to impose 40 percent basic customs duty on solar modules and 25 percent on solar cells from 1st April 2022. “This move would make imports costlier and encourage local manufacturing,” the company stated.

Adding that, the Indian government is working aggressively towards its goal of achieving a renewable capacity of 175 GW (including 100 GW of solar power) by 2022. The Central Electricity Authority (CEA) of India has estimated that by 2030, the country would need 817 GW of power, and more than half of that power would come from clean energy sources. The government has set a target to generate 280 GW of power from solar units alone.

“We have been witnessing a steady increase in demand for our solar panels for a while now, hence increasing the manufacturing capacity became vital. The same has been executed at our Haridwar facility. If things go according to plan, we will soon increase the production capacities at our other facilities as well. This has been made possible in the wake of the government’s decision to make India a solar manufacturing hub and reduce its dependency on other countries for importing solar equipment. We appreciate this decision and firmly believe that it will help create a powerful, self-subsisting, and Aatmanirbhar Bharat,” said Gautam Mohanka, Managing Director, Gautam Solar, in a statement.