Indian PV manufacturer Alpex Picture voltaic says it plans to double its PV module capability to 2.4 GW by fiscal 2026 and is exploring gigawatt-scale solar cell manufacturing.

Picture: Alpex Picture voltaic

India’s Alpex Picture voltaic has launched plans to double its PV module capability to 2.4 GW by fiscal 2026. This would presumably well merely install the recent capability at its lately bought land in Kosi Kotwan, Mathura, Uttar Pradesh. The board has also authorized the managing director to explore gigawatt-scale solar cell manufacturing, that would possibly perhaps presumably well merely even be come by up at the Kosi Kotwan plant.

“[Solar cell manufacturing] would possibly perhaps presumably well merely afford us multiple advantages, collectively with price, profitability, and branding, and boost our ability to present turnkey services and products to the terminate particular person,” said Ashwani Sehgal, managing director of Alpex Picture voltaic. “Negotiations are within the evolved stage, and the Board and respective authorities will most likely be told once they are firmed up. The capital outlay will most likely be met via extra services and products from banks and financial institutions, interior accruals, and equity infusion.”

Alpex Picture voltaic said it plans to originate bigger its PV module capability by 750 MW to 1.2 GW and come by up an aluminum frame production unit using proceeds from its preliminary public offering. The company has performed 900 MW of the enlargement and expects to total the closing 300 MW at its most modern field within the following three months, aiming for a total capability of 1.2 GW by the third quarter of fiscal 2025.

It has deliberate its aluminum frame manufacturing venture in three phases.

“Phase one has efficiently concluded and is operational at the Better Noida facility. Attributable to field constraints, the closing phases will most likely be implemented at the newly bought land in Kosi Kotwan as section of our greenfield enlargement,” said Alpex Picture voltaic.

Earlier this 365 days, Alpex Picture voltaic purchased a draw of land from the Uttar Pradesh Industrial Kind Authority (UPSIDA) in Kosi Kotwan, Mathura, Uttar Pradesh, for its 2nd factory. The company said it plans to trace a 1.2 GW solar module facility on the sector, funded via interior accruals and loans.

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