Domestic renewable energy firm Goldi Solar on Monday said it will add 2,000-megawatt (MW) module manufacturing capacity in its new facility on the outskirts of Surat by the end of FY22, raising the company’s production base to 2,500 MW. The Surat-headquartered company said the expansion plan “comes amid growing global demand for better technology and value from the solar panels,” as it aims to penetrate newer markets.
The capacity expansion has been planned in two stages, with the first phase of 1,000 MW slated to commence by the end of Q2FY22, and the remaining 1,000 MW expected to be put on stream by Q4FY22-end. The announcement was made two weeks after the Indian Renewable Energy Development Agency invited applications from solar module manufacturers for availing the Centre’s `4,500-crore production-linked incentive (PLI) scheme.
