Alpex Solar Aims At Higher Backward Integration

Alpex Solar Aims At Higher Backward Integration

Public-listed company Alpex Solar is set to strengthen its backward integration strategy. The solar module manufacturer, which began its journey 18 years ago, is now preparing for significant expansion. Currently boasting a solar module manufacturing capacity of 900 MW, Alpex plans to diversify into solar cell manufacturing, aluminum frame production and expand as an Independent Power Producer (IPP).

Based in Noida, the company already operates a module manufacturing plant in the region. For its expansion, Alpex has acquired 25,873.27 sq. meters of land in Kosi Kotwant, Mathura, and has earmarked an additional 17,846.63 sq. meters for further growth in the same area.

2.4 GW of module production 

In addition to launching new verticals, Alpex aims to boost its core business of solar module manufacturing. The company plans to increase its module manufacturing capacity from 900 MW to 2.4 GW and is also set to establish a solar cell manufacturing facility with a planned capacity of 1.6 GW. Additionally, Alpex targets the production of 12,000 tonnes of aluminum frames annually.

Alpex Solar’s move into solar cell manufacturing comes at a crucial time, as the Ministry of New and Renewable Energy (MNRE) plans to implement the Approved List of Cell Manufacturers (ALCM) starting in April 2026. With ALCM, Indian solar module makers will be required to shift away from importing cheap solar cells from China and instead source them domestically. By producing solar cells in-house, Alpex will be better positioned to comply with this new regulation.

Anti-import policies

Furthermore, the Indian government recently imposed anti-dumping duties on imported aluminum frames, which are critical components of solar modules. In response, several solar manufacturers, including Alpex Solar, are moving towards in-house production. This strategic shift will help Alpex Solar become more self-reliant in its module production process.

But Alpex’s expansion doesn’t stop there. The company is also planning to venture into solar power generation and installation. According to the company’s management, it will soon launch an EPC (Engineering, Procurement, and Construction) business to support on-site solar project installations. Additionally, Alpex aims to become an Independent Power Producer (IPP) with an initial capacity of 100 MW. The company’s latest investor presentation outlined plans to complete these expansion initiatives over the next two years.