Agastya Energy Plans 12 GW Ingot and Wafer Factory in India
Agastya Energy Ltd, part of the Anubhav Agarwal Group, plans to develop a 12 GW ingot and wafer manufacturing facility in Andhra Pradesh, India, with an estimated investment of INR 78 billion.
A major development in India's renewable energy sector is underway as Agastya Energy Ltd, part of the Anubhav Agarwal Group, plans to develop a 12 GW ingot and wafer manufacturing facility in the Orvakal Industrial Area in Kurnool, Andhra Pradesh.
The facility will have 12 GW each of ingot and wafer manufacturing capacity, complementing the company’s planned solar cell and module manufacturing operations.
Agastya Energy is planning 5 GW of solar cell and module manufacturing capacity in two phases. The first phase will comprise 2 GW of cell and module capacity. The company said it will review the remaining capacity in line with future demand, while evaluating opportunities for both vertical and horizontal expansion.
The company's chairman, Anubhav Agarwal, stated that the INR 7,800 crore investment in Agastya Energy reflects the company's long-term conviction in India's energy transition and its commitment to building globally competitive manufacturing capabilities at scale.
Agastya Energy's director, Piyush Bichhoriya, emphasized that the expansion into ingot and wafer manufacturing marks a critical upstream pillar of the company's integrated solar manufacturing strategy, complementing its solar cell and module capabilities and strengthening its end-to-end PV value chain.
The company's CEO, Bernhard Rack, added that the global energy transition is creating a strong need for resilient, scalable, and globally competitive solar manufacturing. He stated that the expansion will strengthen Agastya Energy's capabilities across ingots, wafers, cells, and modules, and marks an important step towards establishing India as a leading hub for clean energy manufacturing.
The integrated facility will bring together ingot, wafer, cell, and module manufacturing, enabling greater manufacturing efficiency and integration across the upstream and downstream segments of the photovoltaic value chain.
Agastya Energy's ingot and wafer expansion comes as India's Ministry of New and Renewable Energy (MNRE) expands the Approved List of Models and Manufacturers (ALMM) framework to include ingots and wafers. The move is aimed at strengthening supply chains, reducing import dependence, and improving quality across the solar value chain.
The ALMM requirement for solar wafers will take effect on June 1, 2028.
## Agastya Energy's Plans for Solar Manufacturing
Agastya Energy's plans for solar manufacturing are a significant step towards establishing India as a leading hub for clean energy manufacturing. The company's integrated facility will bring together ingot, wafer, cell, and module manufacturing, enabling greater manufacturing efficiency and integration across the upstream and downstream segments of the photovoltaic value chain.
## India's Growing Renewable Energy Sector
India's renewable energy sector is growing rapidly, driven by government initiatives and increasing demand for clean energy. The country's Ministry of New and Renewable Energy (MNRE) is expanding the Approved List of Models and Manufacturers (ALMM) framework to include ingots and wafers, aimed at strengthening supply chains, reducing import dependence, and improving quality across the solar value chain.
The ALMM requirement for solar wafers will take effect on June 1, 2028, marking a significant milestone in India's journey towards becoming a leading hub for clean energy manufacturing.
