Goldi Solar to invest Rs 5,000 cr to raise module manufacturing capacity

Gujarat-based Goldi Solar is planning to invest Rs 5,000 crore by 2025 to expand its module manufacturing capacity to 6 gigawatt, the company’s Managing Director Ishver Dholakiya said on Monday.

At present, the total module manufacturing capacity of its plants in Pipodara and Navsari, Gujarat is 2.5 gigawatt (GW), Dholakiya told reporters during a press conference here.

“We have plans to infuse over Rs 5,000 crore as part of expansion plans to increase module manufacturing from 2.5 GW to 6 GW,” he said while launching HELOC Plus (high-efficiency low on carbon) module series with Heterojunction technology.

The renewable energy business expansion will be channelled into auxiliary production, including aluminium frames, junction boxes, backsheet, etc, Dholakiya said.Govt looking to plug loophole in solar equipment import duty: Report