Jupiter International Signs INR 2,005 Crore MoU with Odisha Government
Jupiter International will invest INR 2,005 crore through its subsidiary, Jupiter Renewables. The facility will have an annual production capacity of 4.2 GW for solar cells and 3.6 GW for modules.
January 30, 2025. By Abha Rustagi
Under this agreement, Jupiter International will invest INR 2,005 crore through its subsidiary, Jupiter Renewables. The facility will have an annual production capacity of 4.2 GW for solar cells and 3.6 GW for modules, strengthening India’s solar manufacturing ecosystem.
The MoU was signed during the Utkarsh Odisha – Make in Odisha Conclave 2025, where Jupiter International participated in discussions on advancing India’s solar manufacturing capabilities and driving the transition to clean energy. As Odisha emerges as a key industrial and investment hub, the project aligns with the state’s renewable energy ambitions and the national target of 500 GW of renewable energy capacity by 2030.
“This investment marks a major milestone in our vision to build a fully integrated solar manufacturing ecosystem in India. By integrating advanced solar cell and module manufacturing, this facility will help strengthen and create a sustainable supply chain that supports India’s clean energy transition,” said Alok Garodia, Managing Director – Jupiter International.
This initiative is part of Jupiter International’s broader expansion plan, in which the company aims to achieve 3 GW of wafer capacity, 9.4 GW of solar cell capacity, and 6 GW of module production over the next three years. The company is focused on building a fully integrated solar manufacturing ecosystem, ensuring greater control over quality, cost efficiency, and supply chain resilience.
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