Havells invests INR 600 crore in Goldi Solar
Havells India Ltd has signed binding term sheet to invest INR 600 crore in Surat-based PV module manufacturer Goldi Solar (Goldi). As part of conditions precedent to the transaction, Havells will enter into a master supply and service agreement with Goldi for consistent supply of solar modules and cells.
Goldi Solar launches AI-powered solar manufacturing line
Goldi Solar has launched a PV module manufacturing line, powered by automated optical inspection (AOI) and artificial intelligence, at its Kosamba factory in Gujarat. The line was inaugurated by Pralhad Joshi, Union Minister of New and Renewable Energy.
Key takeaways from Renewable Energy India Expo 2024
Solar module manufacturers are quickly ramping up to multi gigawatt-scale capacity to tap the domestic demand. At technology level, TOPCon modules based on 210 rectangular silicon wafer (G12R) cell are taking center stage.
Goldi Solar to start PV cell production from mid-2025
Goldi Solar is entering PV cell production with the setting up of 4 GW per year manufacturing capacity. The company is also ramping up its module capacity to 14 GW by Dec. 2025, from 3 GW at present.
India leading the solar wave to become world’s second-largest module manufacturer
Continued government support, coupled with strategic investments in technology and infrastructure, will be crucial in realizing India’s renewable energy goals and cementing its position as a global leader in solar module manufacturing.
Goldi Solar ‘top performer’ in Kiwa PVEL’s PV Module Reliability Scorecard
Sixteen different Goldi Solar modules were highlighted in the Kiwa PVEL Module Reliability Scorecard.
$89 billion worth of investments likely to flow into the C&I RE sector in India by 2030
An additional 120 GW of C&I RE capacity is required to be set up by 2030 for India to attain its solar and wind target of 420 GW by 2030. This translates to US$89 billion worth of investments flowing into the sector between 2024 and 2030.
ALMM expands market for domestic solar manufacturers
The ALMM reinstatement opens up a vast market for domestic solar panel manufacturers by creating a non-tariff barrier for Chinese products. However, for projects and schemes such as PM Surya Ghar: Muft Bijli Yojana which mandate domestic content requirement (DCR), the shortage of domestically manufactured cells could lead to an increase in the cost of DCR modules.
Budget lays focus on residential rooftop solar, EV infrastructure
Finance minister Nirmala Sitharaman today tabled the interim budget for FY 2024-25 in the parliament. Budget highlights include announcements about the residential rooftop solarization scheme, viability gap funding for offshore wind, and government support for EV manufacturing and charging infrastructure.
Goldi Solar secures 190 MW module supply order from Engie India
Goldi Solar will supply its HELOC PRO series of 545 Wp PV modules to Engie India’s Sayla village project in Gujarat.
