PVTIME – Indian solar developer Solarium Green Energy has announced a 1GW solar module manufacturing facility in Gujarat, western India. The project, costing ₹700 million (US$8.4 million) including working capital, will be financed via a 3:1 debt-equity ratio and commence commercial operations by Q4 2025.
Picture: Solarium Green Energy
Strategically located for access to port infrastructure and renewable energy hubs, the plant aligns with India’s push to reduce import dependency under the Production-Linked Incentive (PLI) scheme. It aims to strengthen the domestic solar supply chain amid the country’s target of 500GW non-fossil fuel capacity by 2030.
Expected to generate hundreds of local jobs, the facility will support utility-scale projects and residential deployments, driving India’s transition to a self-reliant solar ecosystem.
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