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Fujiyama Power Systems, an India-based solar energy, has established a 1.2 GW solar cell manufacturing facility in Ratlam, Madhya Pradesh. The project utilizes TOPCon technology and is expected to commence production by the end of the current fiscal year. An investment of approximately INR 350-400 crore (~$36.5 million to ~$41.7 million) supports this specific development. Upon completion, this new capacity will aggregate with the existing 1.1 GW plant in Dadri, Uttar Pradesh, bringing the company’s total cell output to approximately 2.3 GW. Management stated that commercial operations will begin within this ongoing financial period. This initiative represents a backward integration step designed to strengthen the company’s value chain and lower reliance on open market supplies for inputs.
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