Jupiter To Invest ₹6,500cr For Wafer, Cell & Module Production

By Manish Kumar/ Updated On Sat, Jan 11th, 2025

Jupiter International, a manufacturer of photovoltaic solar cells and provider of solar power solutions, will be investing ₹6,500 crore over the next three years, in a step to become a fully integrated solar manufacturing leader.

The investment will bolster Jupiter’s position in the solar sector by significantly expanding its capacity across wafer production, solar cell manufacturing, and module assembly.

With planned capacities of 3 GW for wafers, 9.4 GW for cells, and 6 GW for modules, Jupiter aims to meet the growing market demand with cutting-edge, reliable solar solutions. The integration of wafer production, along with enhanced module assembly capabilities, positions Jupiter as a fully integrated solar manufacturer with complete control over its value chain.

Control over production

Additionally, Jupiter International aims to establish a supply chain that spans every stage of solar manufacturing by fully integrating these processes. This integration ensures enhanced control over quality standards, improved operational efficiency, and optimized costs, the firm said in a media release.

“At Jupiter, we are not just building capacity; we are redefining what it means to be a leader in solar manufacturing. The investment reinforces our commitment to innovation, quality, and sustainability, ensuring we remain at the forefront of the renewable energy transition. We are well positioned to not only meet the surging demand but also to lead the market in both innovation and growth,” said Alok Garodia, Managing Director – Jupiter International.

Central to this effort is the implementation of TOPCon Technology, a next-generation innovation aimed at significantly enhancing solar cell efficiency and longevity. Jupiter started operations in India in 2008. Its current manufacturing facility is located in Himachal Pradesh, and it produces 1 GW of high-efficiency solar photovoltaic (PV) cells annually.