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Solarworld Energy Solutions Limited, an Indian solar solutions provider, and Rays Power Infra Limited, has announced a 50:50 joint venture for solar cell manufacturing. The partners planning to establish 2.4 GW facility in Madhya Pradesh. The plant will manufacture high-efficiency N-Type TOPCon G12R solar cells. It will be developed across approximately 41.30 acres at Mohasa-Babai in Narmadapuram. The venture will support backward integration from solar cells to modules and utility-scale projects. The companies said the facility will also support domestic solar manufacturing under the Make in India and Atmanirbhar Bharat initiatives.
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