Goldi Solar To Add 5 GW Module, 16 GW Cell Capacity By FY28
Expansion will lift module output above 20 GW to meet India’s surging domestic solar demand
Goldi Solar, a Gujarat-based renewable energy manufacturer, is preparing a substantial expansion of its solar manufacturing capabilities to meet India’s rising domestic demand. According to industry sources, the company plans to add 5 GW of solar module capacity and 16 GW of solar cell capacity by fiscal year 2028.
At present, Goldi operates three module manufacturing facilities near Surat, which together have a combined capacity of 15.2 GW. The proposed expansion would lift module capacity above 20 GW, while strengthening backward integration through new cell production for high-efficiency bi-facial Topcon N-Type solar modules.
The move aligns with the government’s Make in India vision and the Approved List of Models and Manufacturers (ALMM) initiative of the Ministry of New and Renewable Energy. By promoting local production, the scheme aims to reduce import dependency, create employment, and ensure the quality of domestic solar modules.
Goldi’s expansion also supports government-driven programmes such as the PM Surya Ghar: Muft Bijli Yojana, which is accelerating residential solar adoption across the country. Industry estimates suggest that establishing 1 MW of module capacity requires an investment of approximately ₹5–7 crore, underlining the scale of capital commitment involved.
A request for comment from Goldi Solar regarding project timelines and investment plans went unanswered at the time of reporting.
This expansion positions Goldi Solar among the key domestic players seeking to consolidate India’s renewable energy supply chain and meet the growing demand for solar installations, as the country pursues its ambitious clean energy targets.
