SSEL to Launch ₹69,000 Crore Integrated Solar Manufacturing Hub, Boosting India’s Renewable Goals – EQ
In Short : Shirdi Sai Electricals Ltd will launch the first phase of its ₹69,000 crore ingot-to-module solar plant in Andhra Pradesh this December with a 500 MW capacity. The project targets 10 GW by March 2026, covering the entire solar manufacturing chain. This initiative supports India’s push for domestic solar production and its 2030 renewable energy goals.
In Detail : Shirdi Sai Electricals Ltd (SSEL) is set to begin the first phase of its massive ₹69,000 crore ingot-to-module solar manufacturing plant in December 2024. The facility is located in Andhra Pradesh and is designed to strengthen India’s domestic solar manufacturing capabilities.
The initial phase will start with a 500 MW production capacity. This marks the beginning of SSEL’s larger plan to achieve 10 GW of integrated solar production by the end of the 2025-26 financial year.
The plant will cover the entire solar manufacturing value chain, including the production of ingots, wafers, cells, modules, and solar glass. It is planned to be executed in phases, with 4.5 GW added in the next phase and 5 GW in the final one.
This project comes in line with India’s broader goal to reduce dependency on imported solar components. The government is promoting domestic manufacturing, with new mandates requiring locally made solar cells in clean energy projects starting June 2026.
SSEL’s investment reflects the growing trend of Indian companies ramping up their renewable energy infrastructure. Similar projects are also underway, like Reliance Industries’ solar giga-factory, which is expected to start operations by the end of 2024.
These developments are crucial for India’s ambitious renewable energy target of 500 GW non-fossil fuel capacity by 2030. The expansion of domestic solar manufacturing will play a key role in achieving this goal while supporting the global transition to clean energy.
