Jupiter International plans to expand its solar manufacturing capacity with a focus on backward integration
It aims to establish 3 GW wafer, 9.4 GW solar cell and 6 GW of solar module production capacity
The company will invest INR 65 billion over the next 3 years to realize these plans
Indian solar PV manufacturer and EPC company Jupiter International Limited has announced expansion of its annual production capacity with an investment worth INR 65 billion ($750 million). This will also mark the company’s further vertical integration with 3 GW wafer manufacturing capacity.
The expansion plans, to be executed over the next 3 years, also include establishing 9.4 GW of solar cells and 6 GW of solar module production capacity. Focus will be on TOPCon cell technology.
The integration of wafer production, along with enhanced module assembly capabilities, positions Jupiter as a fully integrated solar manufacturer with complete control over its value chain, stated the company.
Jupiter currently operates 1 GW solar module manufacturing facility in India’s Himachal Pradesh.
The manufacturer says this investment in vertical integration will ensure enhanced control over quality standards, improved operational efficiency, optimized costs and further strengthen its ability to deliver reliable, high-performance solar solutions to meet growing market demand.
Jupiter had previously announced plans to set up a 1.8 GW solar cell and 1.2 GW module manufacturing facility with ValueQuest investing INR 3 billion in the company. It also entered into a joint venture with AmpIn Energy to develop an integrated solar cell and module capacity of 1.3 GW each (see GW-Scale Solar Manufacturing Joint Venture In India).
.png?w=50&fm=png){kind=logo}