HomeRenewable energy ›Navitas Solar Plans to Add 1.2 GW Manufacturing Capacity

Navitas Solar Plans to Add 1.2 GW Manufacturing Capacity

The company has further proposed to export its products to nations like the US, EU and Africa.

April 28, 2023. By EI News Network

Navitas Green Solutions (Navitas Solar) is planning to add manufacturing capacity by another 1.2 GW annually from 500 MW yearly at current.

The financing will permit to add manufacturing capacities and fulfil the rising demand for solar power projects.

The company has further proposed to export its products to nations like the US, EU and Africa.

The alliance between Navitas Solar and Parishi Diamond Group will assist each other for the attainment of next phase of growth.

Notably, both companies are socially active investors and keeping in mind to align with the Prime Minister’s vision for becoming a Net zero country by 2070.

The main investors include promoters of Parishi Diamond Group, Lemon Emerging Ventures LLP and others were participated in the financing round meeting.

Navitas Solar is India’s major Solar Panel producing entity, with the domain specialization in manufacturing Solar PV Modules, Solar Kits, Intelligent Solar Lighting and Pumping Solutions, Solar Power Storage Solutions along with raw materials, inverters, and batteries and offers turnkey EPC services. The company was started on February 13th, 2013.
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