Indosolar, a solar manufacturer and subsidiary of Indian solar company Waaree Energies, has started operations at a 1.3 GW module assembly plant in India.
Located in the industrial hub of the city of Noida, in the northern Indian state of Uttar Pradesh, the technology used for the production of the modules has not been disclosed.
Hitesh Doshi, Chairman and Managing Director at Indosolar, said: “This new factory epitomizes our commitment to advancing solar technology and promoting sustainability. Through our manufacturing processes and our dedicated team’s expertise, we aim to propel India’s renewable energy agenda forward while creating employment opportunities for the local community. Moreover, this facility is expected to contribute towards fulfilling the surging demand for high-quality solar panels across the nation.”
The added capacity from Indosolar comes days after the Ministry of New and Renewable Energy (MNRE) updated its Approved List of Models and Manufacturers (ALMM) which has passed the 50 GW of annual nameplate capacity. This comes only a few months after the MNRE reinstated the list at the beginning of April, and after a one-year hiatus due to a lack of domestic capacity to meet demand of solar PV modules. Its parent company, Waaree, has an annual nameplate capacity of over 8.5 GW.
As more manufacturing capacity comes operational in the coming months in India, the country recently had a stellar start of the year by installing 10 GW of solar PV capacity in the first quarter of 2024. This represented a 400% increase from the same period a year ago, and also the country’s best quarter recorded.