Agastya Green Energy Ltd, part of the Anubhav Agarwal Group (AAG), has unveiled plans to develop an integrated 12 GW ingot and wafer manufacturing facility in the Orvakal Industrial Area in Kurnool, Andhra Pradesh, with an estimated investment of INR 78 billion.
The planned facility will have 12 GW each of ingot and wafer manufacturing capacity. The company recently performed a ceremony marking the start of the next phase of the company’s growth, which is expected to generate more than 3,500 jobs.
According to Agastya Energy, the expansion will strengthen its domestic manufacturing capabilities and increase domestic value addition in India’s solar manufacturing sector.
The expansion will complement the company’s planned solar cell and module manufacturing capacity.
Agastya Energy told pv magazine that it is currently planning to develop 5 GW of solar module and cell manufacturing capacity in two phases, with the first phase comprising 2 GW of module and cell capacity. The company said the remaining capacity will be reviewed in line with future demand, with opportunities for both vertical and horizontal expansion being evaluated.
“Our INR 7,800 crore investment in Agastya Energy reflects our long-term conviction in India’s energy transition and our commitment to building globally competitive manufacturing capabilities at scale,” said Anubhav Agarwal, Chairman, AAG (Anubhav Agarwal Group). “We believe that strengthening domestic manufacturing will be critical to meeting India’s growing energy needs, reducing import dependence and creating a resilient energy ecosystem for the decades ahead.”
Piyush Bichhoriya, Director, Agastya Energy, said, “The expansion into Ingot and Wafer manufacturing marks a critical upstream pillar of Agastya Energy’s integrated solar manufacturing strategy, complementing our solar cell and module capabilities and strengthening our end-to-end PV value chain. It will deepen our presence across the solar ecosystem, drive greater domestic value addition, and create synergies across manufacturing, IPP and EPC.”
Bernhard Rack, CEO, Agastya Energy, said, “The global energy transition is creating a strong need for resilient, scalable and globally competitive solar manufacturing. This expansion will strengthen Agastya Energy’s capabilities across ingots, wafers, cells and modules. It marks an important step towards establishing India as a leading hub for clean energy manufacturing.”
The integrated facility will bring together ingot, wafer, cell and module manufacturing, enabling manufacturing efficiency and deeper integration across the upstream and downstream segments of the photovoltaic value chain.
Agastya Energy’s ingot and wafer expansion comes as India’s Ministry of New and Renewable Energy (MNRE) expands the Approved List of Models and Manufacturers (ALMM) framework to include ingots and wafers, in a move aimed at strengthening supply chains, reducing import dependence and improving quality across the solar value chain. The ALMM requirement for solar wafers will take effect on June 1, 2028.
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