Jakson Group will build a massive integrated solar manufacturing facility in Kurnool, Andhra Pradesh, with an investment of ₹6,863 crore. The project plans to manufacture silicon ingots, wafers, and cells starting in May 2028. This expansion aims to help the company shift from just assembling solar modules to producing the core components of solar energy, supporting India’s goal for self-reliance in renewable energy.
Jakson Group has announced plans to invest ₹6,863 crore to set up a large integrated solar manufacturing plant in Meedivemula village, Kurnool district, Andhra Pradesh. This investment is part of the company's long-term strategy to expand its solar business by moving up the manufacturing value chain. Currently, the company operates a 1.2 GW solar module production facility in Greater Noida. The new project in Andhra Pradesh is designed to broaden this scope by adding capacity for silicon ingots, wafers, and solar cells.
The project will be developed in three phases. The first phase is expected to begin commercial production by May 2028, with a capacity of 3 GW each for ingots, wafers, and cells. The company plans to scale the facility to reach a total annual production capacity of 10 GW for ingots and wafers, and 5 GW for solar cells by 2030. The Andhra Pradesh government has allotted 290 acres of land to facilitate this development, which is expected to create around 2,000 jobs.
This move by Jakson Group reflects a broader industry trend in India where companies are trying to move beyond simple assembly. By producing ingots, wafers, and cells domestically, manufacturers aim to reduce dependency on imported components and mitigate risks related to global supply chain disruptions. This shift is particularly important for the Indian solar sector, which has traditionally relied heavily on imports for these core upstream components.
However, large-scale manufacturing projects in the renewable sector come with significant execution risks. For investors and industry observers, the project's success will depend on the company's ability to complete construction on time, manage the heavy capital spending involved, and maintain competitive pricing against global suppliers. Global solar prices are subject to volatility, and demand for new capacity can fluctuate based on government policies and installation targets.
The investment also highlights the competitive efforts of the Andhra Pradesh government to attract renewable energy manufacturing under its Integrated Clean Energy Policy 2024. The state is competing with other industrial hubs to become a central location for the solar supply chain. Other manufacturers and developers are also looking at similar expansions in the state, which has led to a significant pipeline of approved capacity for cells and modules.
For those tracking the sector, the key developments to watch will be the progress of the first phase, securing necessary raw material supply chains, and the overall pace of solar power adoption in the country. The financial impact of such a large capital expenditure will also depend on how the company manages its debt and cash flows as the project moves toward completion over the next few years.