Navitas Solar ramps up PV panel capacity to 1.7 GW

Share

From pv magazine India

Gujarat-based Navitas Solar announced it will expand its annual PV panel production capacity from 500 MW to 1.7 GW by the end of December.

The new 1.2 GW factory will produce M10 and G12 mono PERC and TOPCon modules. It is located at Sisodara village in Bharuch district of Gujarat.

Navitas Solar has raised $5 million to fund the expansion. The funding round saw participation from high-net-worth individuals. Lead investors included promoters of Parishi Diamond Group and Lemon Emerging Ventures.

The company said with this expansion plan it aims to export its products to the US and Europe.

At its existing 500 MW factory in Surat, Navitas Solar manufactures polycrystalline and mono PERC solar modules with outputs ranging from 5 W to 600 W.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Midea Hiconics releases 30.6 kWh storage system for residential PV
19 February 2025 The all-in-one single-phase system can take up to 3,750 W of PV input. It can be stacked with two to six batteries.