Jakson Engineers Ltd, part of Jakson Group, has announced a significant expansion of its solar manufacturing business.
The company plans to invest approximately Rs 2,000 crore for setting-up a 2,500-mw solar cell manufacturing facility in two phases, at a location that will soon be finalized.
Alongside, Jakson will also expand its existing solar module facility located at Greater Noida from the existing 1,200 MW to 2,000 MW
This expansion marks a major milestone for Jakson Engineers, reinforcing its dedication to meeting the growing demand for solar energy solutions. By significantly ramping up its manufacturing capabilities, Jakson aims to better serve its growing customer base and contribute meaningfully to the global shift towards renewable energy, a release by Jakson Group said.
The first phase of solar cell plant is set to be commissioned within the next 15 months, while the module plant expansion is expected to be completed within six months. Upon completion this expansion plan is set to create 1,200 new jobs, the release said.
Fully-integrated solutions provider
Commenting on this landmark development, Sundeep Gupta, Vice Chairman & Managing Director of Jakson Group, stated, “We are thrilled to announce this substantial increase in our manufacturing capabilities. This expansion not only strengthens our position in the market but also underscores Jakson’s remarkable growth and long-standing commitment to sustainability. Our company has been consistently scaling new heights in the solar manufacturing sector. This move further solidifies our commitment to becoming a fully integrated solar solutions provider.”
Bridging the gap
With the country’s current solar cell manufacturing capacity at just 7 GW, Jakson’s expansion will help bridge the gap between imports and domestic production—a crucial step towards achieving an AatmaNirbhar Bharat.
Looking ahead, Jakson Engineers aims to become a 5,000-MW integrated solar wafer, cell and module manufacturer, in alignment with India’s ambitious goal of achieving Net Zero emissions
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Featured photograph shows Jakson Engineers’ solar module manufacturing facility at Greater Noida, Uttar Pradesh.
