Goldi Solar to Expand Module Capacity to 14 GW by FY26, to Add 4 GW Cell Production by FY27
Goldi Solar plans to boost its module manufacturing capacity from 3 GW to 14 GW by mid-FY26 and expand cell manufacturing to 4 GW by FY27, aiming to reduce import reliance and enhance India’s solar infrastructure.
October 04, 2024. By Mrinmoy Dey
The expansion will drive improvements across the company’s manufacturing processes, enhance production efficiency, and unlock new market opportunities in North, East and South India. To support this large-scale growth, Goldi Solar plans to increase its workforce by adding over 4,000 employees.
Commenting on the development, Capt. Ishver Dholakiya, Managing Director and Founder of Goldi Solar stated, “This capacity expansion marks a defining moment for Goldi Solar. We’re not just expanding our production capacity; we’re building a foundation for innovation and leadership in the renewable energy space. Our goal is to drive solar technology forward while empowering industries and communities to adopt sustainable solutions that will shape the energy landscape for generations. This expansion allows us to strengthen our commitment to excellence, attract top talent, and accelerate India’s energy independence, aligning with the global movement toward a greener future.”
In recent years, Goldi Solar has demonstrated substantial growth. The company’s turnover rose from INR 600 crore in FY22 to INR 1,750 crore in FY24, marking a remarkable 191.67 percent growth over the last three years. Additionally, the company’s robust order book currently stands at about INR 5,350 crore, including INR 4,550 crore in module manufacturing and INR 800 crore in EPC contracts.
Dholakiya added, “With new leadership and thousands of new professionals joining us, we are fostering a culture of innovation that will set new benchmarks in the industry. We’re ready to redefine what’s possible in solar energy, both in India and globally.”
Currently, Goldi Solar operates two advanced manufacturing plants in Pipodara and Navsari, Gujarat, with a combined capacity of 3 GW. Expansion of the module capacity is proposed at its new facility in Kosamba, Gujarat.
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