Micromax Enters RE Sector with 'Startup Energy,' Partners with Jinchen for 5 GW Manufacturing Line

Micromax Informatics has announced the launch of 'Startup Energy.' This new venture will focus on solar panel manufacturing, driving the widespread adoption of sustainable energy solutions in India.

As part of this initiative, Micromax has signed a contract with Jinchen for the phased deployment of a 5 GW advanced solar module manufacturing line. The partnership will integrate cutting-edge automation and high-efficiency production technologies to establish superior solar panel manufacturing capabilities in India.

Startup Energy aims to produce high-efficiency solar panels for residential, commercial, and industrial applications, offering affordable and scalable solutions to meet the growing demand for sustainable power.

Commenting on the launch, Rajesh Agarwal, Managing Director of Micromax Informatics, said,“At Micromax, we have always been driven by innovation and a commitment to transforming lives through technology. With Startup Energy, we are extending this vision to the renewable energy sector, bringing our expertise in cutting-edge solutions to solar power."

"Our goal is to make clean energy more accessible, reliable, and cost-effective, ensuring that individuals and businesses alike can benefit from sustainable power solutions. By investing in advanced solar panel manufacturing, we aim to support India’s mission for energy self-reliance while actively contributing to a greener, more sustainable future by reducing our carbon footprint,” added Agarwal.

India’s solar energy sector has witnessed remarkable growth. With the government’s target of 500 GW of renewable energy capacity by 2030, the demand for high-quality, locally manufactured solar panels is at an all-time high. To achieve its vision, Startup Energy will establish a state-of-the-art manufacturing facility equipped with advanced automation and precision engineering to ensure superior quality and efficiency.

The company also plans to explore strategic research and development (R&D) partnerships to develop next-generation solar solutions that enhance energy efficiency and long-term sustainability.