Agastya Green Energy to Invest INR 7,800 Crore in 12 GW Ingot and Wafer Manufacturing
Agastya Green Energy has announced an INR 7,800 crore investment to establish 12 GW each of integrated ingot and wafer manufacturing capacity in Kurnool, Andhra Pradesh, complementing its existing solar cell and module operations.
August 17, 2026. By Mrinmoy Dey
The project will establish 12 GW each of integrated ingot and wafer manufacturing capacity, strengthening Agastya Energy's domestic manufacturing capabilities and enabling greater domestic value addition within India's solar manufacturing sector, stated the company. The company performed the groundbreaking ceremony on August 15, 2026.
Commenting on the development, Anubhav Agarwal, Chairman, Anubhav Agarwal Group (AAG), said, “At AAG, our focus is on building businesses that contribute meaningfully to India's growth and advance our vision to empowering India's journey towards energy security. Our INR 7,800 crore investment in Agastya Energy reflects our long-term conviction in India's energy transition and our commitment to building globally competitive manufacturing capabilities at scale. We believe that strengthening domestic manufacturing will be critical to meeting India's growing energy needs, reducing import dependence and creating a resilient energy ecosystem for the decades ahead.”
Piyush Bichhoriya, Director, Agastya Energy, said, “The expansion into Ingot and Wafer manufacturing marks a critical upstream pillar of Agastya Energy's integrated solar manufacturing strategy, complementing our solar cell and module capabilities and strengthening our end-to-end PV value chain. It will deepen our presence across the solar ecosystem, drive greater domestic value addition, and create synergies across manufacturing, IPP and EPC.”
Bernhard Rack, CEO, Agastya Energy, added, “The global energy transition is creating a strong need for resilient, scalable and globally competitive solar manufacturing. This expansion will strengthen Agastya Energy's capabilities across ingots, wafers, cells and modules. It 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 domestic value addition, manufacturing efficiency and deeper integration across the upstream and downstream segments of the photovoltaic value chain, asserted the company.
please contact: contact@energetica-india.net.
Dr. Faruk G. Patel
Chairman and MD
KP Group Eyes 10 GW by 2030 as Hybrid Power, BESS and Green Hydrogen Gain Momentum
Ravi Chawla
MD & CEO
EV Growth Won’t Displace ICE Vehicles Anytime Soon: Ravi Chawla
Deepak Thakur
MD & CEO
Hinduja Renewables MD Deepak Thakur Says RTC and Storage Will Shape India’s Clean Energy Future
Ashish Kauleshnam
Associate Director & Vertical Head - Automotive Design, Engineering & Manufacturing
Ashish Kauleshnam, Tata Elxsi on How AI, Digital Engineering, Advancing Sustainable Mobility
Avinash Hiranandani
Vice Chairman and MD
Continuous Innovation is Fundamental to RenewSys’ Growth Strategy: Avinash Hiranandani