Navitas Solar Plans Rs.10,000 Crore in Renewable Energy Projects
Navitas Solar, a module manufacturer based in Surat, announced that it plans to invest Rs 10,000 crore over five years to establish renewable energy facilities in Gujarat and Maharashtra.
Navitas stated that the investment will enhance its foothold in the renewable energy value chain's upstream and downstream sectors, covering solar cells, ingots, wafers, battery energy storage, and solar power generation initiatives.
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It aims to develop domestic manufacturing capacity, strengthen supply-chain resilience, and create large-scale renewable energy infrastructure.
“As part of the expansion, Navitas Solar is already progressing with a 2.4 gigawatt (GW) solar cell manufacturing facility at Sisodara, Gujarat, with Phase I involving an investment of around Rs 1,200 crore,” according to the company.
The organization is establishing pilot lines for ingot and wafer production, aimed at enhancing technical skills and laying groundwork for future expansion. The facility for cell production aims to start operations by July 2027.
In line with its strategy to diversify beyond manufacturing into renewable energy production and energy storage, Navitas is working on two solar parks in Maharashtra with capacities of 200 megawatts and 25 MW, respectively, utilizing engineering, procurement and construction (EPC) and independent power producer (IPP) frameworks.
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In Gujarat, the firm is venturing into the energy storage sector with a proposed five gigawatt-hour battery storage facility in Vadodara, enhancing its competencies within the clean energy landscape.
“We want to participate across the value chain and build capabilities that enable us to contribute meaningfully to India’s clean energy transition,” says Ankit Singhania, director, Navitas Solar.
India's renewable energy path is progressing into a stage where scale, technology, and supply-chain depth will play a larger role in defining the sector's competitiveness, he notes.
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The company has a solar module manufacturing capacity of 3 GW annually and is seeking backward integration through its solar encapsulant division, Navitas Alpha, while broadening its renewable energy portfolio with subsidiaries like Navitas Planet. The EPC division of the company is also growing its footprint in South Africa to carry out utility-scale and IPP projects.
Our planned Rs 10,000 crore investment over the next five years is a reflection of this ambition", adds Ankit.
Navitas Solar, established in 2013, focuses on producing Mono PERC and high-efficiency N-Type TOPCon solar panels with power ratings reaching 720 watts. The investment plan aligns with the growing focus on domestic production, supply-chain robustness, and enhanced value creation in the solar energy industry, the company states.