LNK Energy plans a 6 GW plant in Maharashtra to manufacture ingots, wafers, solar cells, and modules, spread over 60 acres
The project involves an initial investment of about INR 100 billion over 5 years and is the company’s maiden manufacturing venture
It also aims to expand into components, energy storage, green fuels, including hydrogen, and also develop renewable power assets as an IPP
LNK Energy, a newly launched clean energy platform, has announced plans to set up a 6 GW solar manufacturing facility in Maharashtra, India. The project will cover the production of ingots, wafers, solar cells, and modules, with an initial investment of around INR 100 billion planned over the next 5 years.
The proposed investment will be spread across 60 acres at Chhatrapati Sambhaji Nagar under a memorandum of understanding (MoU) that LNK signed with the Maharashtra government. It will produce high-efficiency solar cells and modules using advanced technologies and global best practices.
LNK calls the 6 GW facility its maiden investment, which it aims to follow up with other key adjacencies such as junction boxes, battery platforms, and related energy storage components. Over time, it will expand into green fuels with a strong focus on green hydrogen.
It will also target to build a renewable energy generation portfolio as an independent power producer (IPP) to create a fully integrated platform spanning manufacturing, green fuels, and operating assets, informed the management.
The venture is co-founded by Joint Managing Director of SLMG Beverages – the largest bottler of Coca Cola in India – Paritosh Ladhani; Co-Founder, Chairman and MD, REnergy Dynamics (RED) and Co-Founder & former MD of SunSource Energy Kushagra Nandan; and BioEnergy Entrepreneur and Co-Founder and CEO, RED, Varun Karad.
“The future of energy lies in integration—where manufacturing, green fuels and renewable power work together,” said Karad.
Nandan added, “LNK Energy has been conceived as a long-term institution rather than a short-cycle opportunity. We plan to combine scale, technology depth and capital discipline for build long-term value creation.”
According to a recent TERI report, India’s wafer/ingot manufacturing capacity stands at only 2 GW, but its module capacity has grown to around 120 GW, outpacing the annual demand of 54 GW DC, while cell capacity has expanded to around 30 GW. With more manufacturing plans in the pipeline, India is set to become a leading solar supplier across the supply chain (see India To Evolve From ‘GW-Buyer To GW-Maker’ Across Solar Supply Chain).
TaiyangNews is bringing together the Indian solar PV manufacturing industry for the Solar Technology Conference India 2026 (STC.I 2026). To be held on February 5 and 6 in Aerocity, New Delhi, this 2nd edition of the TaiyangNews physical conference will also have banks, investors, and policymakers in attendance. Register for the event here.