Goldi Solar is planning a significant expansion of its manufacturing footprint in India, with proposals to add 5 GW of solar module capacity and 16 GW of solar cell capacity by FY28, according to industry sources. The move is aimed at supporting rapidly growing domestic demand for solar installations, driven by large-scale government renewable energy programmes.
The Gujarat-based renewable energy company already operates three solar module manufacturing facilities near Surat and is among the leading domestic suppliers of photovoltaic modules in India.
Manufacturing Capacity Expansion Plans
Goldi Solar currently owns and operates solar module manufacturing facilities with a combined installed capacity of 15.2 GW. Industry sources indicate that the company is working on a draft expansion plan to scale its total module manufacturing capacity beyond 20 GW over the next two financial years.
As part of this plan, Goldi Solar is expected to add 5 GW of additional module manufacturing capacity, further strengthening its position in India’s fast-expanding solar manufacturing ecosystem. The company already has its existing 15.2 GW capacity approved under the government’s Approved List of Models and Manufacturers (ALMM) framework.
Focus on Backward Integration and Cell Manufacturing
In addition to module expansion, Goldi Solar is accelerating its backward integration strategy. The company is currently in the process of setting up 1.2 GW of solar cell manufacturing capacity and is planning to add another 16 GW of cell capacity by FY28.
The proposed cell manufacturing expansion is intended to support the production of high-efficiency bifacial TOPCon N-type solar modules, which are increasingly in demand for utility-scale and rooftop solar projects due to their higher energy yield and improved performance.
Alignment with Government Policies
The ALMM framework, implemented by the Ministry of New and Renewable Energy (MNRE), is designed to promote domestic manufacturing, reduce dependence on imports, ensure product quality, and generate employment under India’s Make in India initiative.
Goldi Solar’s expansion plans align closely with national renewable energy goals and policy measures aimed at building a strong domestic solar manufacturing supply chain.
The increased manufacturing capacity is also expected to support growing demand generated by government-led programmes such as PM Surya Ghar: Muft Bijli Yojana, which is accelerating rooftop solar adoption across residential segments.
Investment Requirements and Industry Context
As per industry estimates, setting up 1 MW of solar module manufacturing capacity typically requires an investment of ₹5–7 crore. While Goldi Solar has not disclosed details regarding the investment outlay or project timelines, the scale of the proposed expansion indicates a substantial capital commitment.
A query sent to the company seeking clarification on timelines and investment plans did not receive an immediate response.
India’s solar manufacturing sector has been witnessing accelerated capacity additions as developers, EPC companies, and rooftop installers increasingly prioritise domestically manufactured modules to comply with regulatory requirements and mitigate supply chain risks.
Why This Development Matters
Goldi Solar’s planned capacity expansion highlights the growing confidence of Indian manufacturers in long-term solar demand. Increased domestic production capacity helps:
- Reduce reliance on imported solar components
- Strengthen supply chain resilience
- Support large-scale renewable energy deployment
- Generate employment and industrial growth
The addition of advanced cell manufacturing capabilities also positions Indian manufacturers to compete in higher-efficiency module segments.
Industry Outlook
With India targeting rapid growth in solar power capacity over the coming decade, domestic manufacturing is expected to play a central role in achieving energy security and cost stability. Policy support, rising rooftop installations, and utility-scale project pipelines are likely to sustain strong demand for solar modules and cells.
Manufacturers that invest early in scale, technology, and backward integration are expected to gain a competitive advantage as the market evolves toward higher-efficiency products and stricter quality norms.
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