Goldi Solar, a Mumbai-based global solar panel manufacturer, on Monday said it plans to increase its manufacturing capacity to 2.5 gigawatt (GW) with a new facility on the outskirts of Surat, Gujarat.
At present, the existing facility has a capacity of 500 megawatt (MW) and the expansion of 2 GW has been planned in two stages, according to the company press release.
It added that the first phase was slated to commence by the end of the second quarter (Q2) of financial year 2021-22 (FY22) with a 1 GW commercial production. While the second phase of production would begin by the end of Q4, FY22.
“We have aggressive plans for the company’s growth and are looking to expand our manufacturing capacity to 5 GW. The facility expansion comes amid growing global demand for better technology and value from the solar panels. We hope to penetrate new markets with even higher quality modules..,” said Bharat Bhut, co-founder and director, Goldi Solar.
The company’s second facility would have a new production line of micro-gap module technology, which will feature both mono-facial and bi-facial modules, with this it becomes the first domestic manufacturing company in India to introduce this technology.
According to the company, it also has plans for backward integration through setting up of multi-gigawatt solar cell manufacturing lines and manufacturing of raw materi
al used in solar modules.
