Jakson Group aims to expand into power generation with 5 GW of power capacity by 2030. The generation plans, estimated at USD 3 billion will allow the Indian solar module maker to tap into the entire value chain of the business.
Meanwhile, Jakson is well on its way to double its modules-making capacity to 1.2 GW over the next few months, and is exploring another location to set up a 1 GW cells-to-module facility.
Further, with a marked presence in turnkey contracts in the renewable energy segment, the company is poised to carry out the expansion with its design capability and execution to tap the generation market.
The energy company has aligned its plans to the government’s target to install 500 GW of clean energy capacity by 2030, along with the plan to triple project auctions.