Goldi Solar Announces Entry into HJT Technology, 2025 Roadmap

Highlights :

  • As per Goldi, it is the first Indian manufacturer to announce a 710 Wp module based on the latest HJT technology
  • The brand looks to infuse over INR 5,000 crores as a part of its business expansion plans
  • Plannedcell manufacturing facility in Gujarat, by 2023; subsequent scale-up capacity to 5 GW
  • To increase module manufacturing from 2.5 GW to 6 GW
  • Ramping up of workforce to 5,500+ across functions
  • The new energy business expansion will be channelled into auxiliary production, including aluminium frame, junction box, backsheet, etc.

Goldi Solar, a leading solar brand, has announced plans to infuse over INR 5,000 crores as a part of its business expansion plans. Simultaneously, it also unveiled its new and landmark product offering HELOCň® Plus,a high-efficiency and low-on-carbon module series with heterojunction technology.

On an Expansion Spree

Goldi Solar has revealed that it aims to become an end-to-end and vertically integrated company with module, cell and raw material manufacturing capabilities. Accordingly, it plans to commence production at its cell manufacturing unit in Gujarat. Subsequently, it will expand its capacity to 5GW. Additionally, Goldi Solar plans to recruit over 4,500 people across various functions, which will increase its workforce to 5,500+ including the existing workforce.

Commenting on the key significant developments, Captain Ishver Dholakiya, Managing Director of Goldi Solar, said, “To create employment at the grassroots level, Goldi Solar plans to hire 25% of the workforce from the local tribal regions adjoining its proposed manufacturing facility. To train the new recruits for a career in renewables, Goldi Solar will conduct three-month certification programmes at a skill development centre that it plans to open in collaboration with the NSDC (National Skill Development Council) in Navsari, Gujarat.”

He further added, “Renewables are the future of energy. Our future plans of launching a new product line and expanding capacity for module manufacturing is designed to increase the supply of clean energy and motivate its large-scale replacement of fossil fuel. At Goldi Solar, we have committed to the honourable Prime Minister’s vision of Atmanirbhar Bharat and aspire to create an India self-reliant in renewable energy. Additionally, Bharat Bhut, Director, Goldi Solar, said, “Goldi Solar has consistently created and delivered quality modules. Our mantra is to provide better and more efficient products. In accordance with our quality ethos, we intend to form a dedicated product development and R&D team, which will accelerate the creation of high-efficiency models. Goldi is the first Indian manufacturer to announce a 710 Wp module based on the latest HJT technology, and we are confident that our latest offering HELOCň® Plus, will be a game-changer in the industry.

Hardip Singh, President & Global Head, Sales & Marketing, Goldi Solar, stated, “Our credo of ‘Ghar Ghar Goldi, Har Ghar Goldi”, testifies to our ambitions of making Goldi Solar a mass brand in India. Currently, we operate in the segments of IPP, C&I, EPC, exports and manufacturing. Our focus on India’s domestic consumer market has enabled us to register a presence in the key Indian cities. We are confident of increasing our presence with the proposed capacity expansion exercise. Our future roadmap is a key step towards enabling every Indian to participate in an impending renewable revolution.”

About Goldi Solar

Goldi Solar, a leading Indian solar brand, manufactures panels, provides EPC services, and is an independent power producer (IPP). Founded in 2011, it is an MNC headquartered in Surat, Gujarat catering to several international brands in over 20 countries. It has two facilities of 2.5 GW at Pipodara and Navsari in Gujarat. The company is listed under ALMM (Approved List of Models and Manufacturers), BIS (Bureau of Indian Standards), IEC, UL and CEC certification.

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