Rayzon Announces Plans To Start Solar Cell Manufacturing

Rayzon Announces Plans To Start Solar Cell Manufacturing

Indian solar module manufacturer Rayzon Solar has now planned to start a solar cell manufacturing plant soon. This is in addition to its plan to also augment its solar module manufacturing capacity. Currently, the Gujarat-based solar company has a total module making capacity of 4 GW.

Chirag Nakrani, Founder & Manager Rayzon Solar in a latest conversation with Saur Energy shared the expansion plans of the company. Nakrani said that the firm has planned to produce TOPCon solar cells to cater to the rise in demand of domestic solar cells and shun the dependency on imported solar cells from other countries.

“We are expanding our manufacturing capacity to cater to the rising demand for solar energy solutions. Currently, Rayzon Solar has a 4 GW production facility in Gujarat, India, and we have plans to scale up to 12 GW by 2025. Additionally, we’re set to launch a 1.0 GW TOPCon cell manufacturing plant by the same year. This expansion is fueled by the growing global emphasis on renewable energy, the latest advancements in solar technology, and our dedication to delivering high-quality, sustainable energy solutions to a wider market,” Nakrani told exclusively to Saur Energy.

He also said that the imposition of ALMM, BCD and the cheaper global prices of solar cells aided in the growth of India’s solar module manufacturing sector in FY25. He also said that the rise in local demand in India for the modules also bolstered the confidence of the local players.

“As Rayzon Solar, we view FY25 as a transformative period for Indian solar module manufacturers. The implementation of ALMM (Approved List of Models and Manufacturers) and the imposition of Basic Customs Duty (BCD) on solar cells and modules have been pivotal in boosting domestic manufacturing. These measures have provided Indian manufacturers with a competitive edge, fostering growth and innovation within the industry. Additionally, the reduction in Chinese solar cell prices has allowed us to source quality components at lower costs, further enhancing our production capabilities to 12 GW by 2025,” he said.