Goldi Solar Plans to Infuse over Rs 5,000 Cr for Capacity Expansion; Showcases HJT Technology based HELOC̣ Plus Modules

Gujarat-headquartered solar panel maker Goldi Solar is planning to infuse over Rs 5,000 crore as a part of its business expansion plans.

Simultaneously, it has also unveiled its new product offering HELOC̣® Plus, a high-efficiency and low on carbon module series with Heterojunction technology.
 
Through this move, the company is aiming to become an end-to-end and vertically integrated company with module, cell and raw material manufacturing capabilities.
 
Accordingly, Goldi Solar is mulling to commence production at its cell manufacturing unit in Gujarat. Subsequently, it will expand its capacity to 5GW.
 
In line with this, the company is looking to recruit over 4,500 people across various functions, which will increase its workforce to 5,500+ including the existing workforce.
 
Commenting on the developments, Captain Ishver Dholakiya, Managing Director of Goldi Solar, said, “to create employment at the grass roots level, Goldi Solar plans to hire 25% of the workforce from the local tribal regions adjoining its proposed manufacturing facility. To train the new recruits for a career in renewables, Goldi Solar will conduct three-month certification programmes at a skill development centre that it plans to open in collaboration with the NSDC (National Skill Development Council) in Navsari, Gujarat.”
 
He further added, “Renewables are the future of energy. Our future plans of launching a new product line and expanding capacity for module manufacturing is designed to increase the supply of clean energy and motivate its large-scale replacement of fossil fuel. At Goldi Solar, we have committed to the honourable Prime Minister’s vision of Atmanirbhar Bharat and aspire to create an India self-reliant in renewable energy.”
 
Additionally, Bharat Bhut - Director, Goldi Solar said, “Goldi Solar has consistently created and delivered quality modules. Our mantra is to provide better and more efficient products. In accordance with our quality ethos, we intend to form a dedicated product development and R&D team, which will accelerate the creation of high-efficiency models. Goldi is the first Indian manufacturer to announce a 710 Wp module based on the latest HJT technology, and we are confident that our latest offering HELOC̣® Plus, will be a game-changer in the industry.”
 
Hardip Singh, President & Global Head, Sales & Marketing, Goldi Solar added, “Our credo of ‘Ghar Ghar Goldi, Har Ghar Goldi”, testifies to our ambitions of making Goldi Solar a mass brand in India. Currently, we operate in the segments of IPP, C&I, EPC, exports and manufacturing. Our focus on India’s domestic consumer market has enabled us to register a presence in the key Indian cities. We are confident of increasing our presence with the proposed capacity expansion exercise. Our future roadmap is a key step towards enabling every Indian to participate in an impending renewable revolution.”