Saatvik Solar Signs MoU for 3.6 GW Solar Cell Plant in Odisha

Saatvik Solar has signed an MoU with the Odisha government to establish a 3.6 GW solar cell manufacturing facility in Gopalpur. The Phase II project is targeted for commercial production by FY28 and will expand the company's domestic manufacturing capacity.

Saatvik Solar Industries has signed a memorandum of understanding (MoU) with the Odisha government to establish a 3.6 GW solar cell manufacturing facility at Gopalpur in Ganjam district. The agreement was signed with the Industrial Promotion and Investment Corporation of Odisha (IPICOL) and forms part of the company's broader manufacturing expansion in the state.

The proposed facility will be developed as part of Saatvik Solar's Phase II expansion at Gopalpur. The company said commercial production from the new facility is targeted for FY28, adding capacity to India's domestic solar manufacturing ecosystem.

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Saatvik is already developing a major integrated manufacturing facility at Gopalpur. Its Phase I project includes 2.4 GW of solar cell and 4 GW of solar module manufacturing capacity. Construction and major infrastructure work for the first phase have been completed, while equipment installation, testing and validation are currently progressing.

The company said a dedicated 220 kV substation at the site is ready for charging, while manufacturing lines are in the final stages of installation and process readiness. The solar cell production line is expected to begin ramp-up shortly, with an ALMM-II inspection planned for September.

Saatvik is expanding its manufacturing footprint in Odisha as part of its efforts to scale up production and integrate with manufacturing. The company currently has a 4.8 GW solar module manufacturing plant in Ambala, Haryana and it has other big module and solar cell capacity projects planned in Odisha.

Saatvik Green Energy is putting together an integrated manufacturing plant in Odisha with a total planned capacity of 6 GW solar cells and 4 GW solar modules. This new Phase II capacity will help bolster its home-grown renewable energy supply chain.

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The project is also part of India's initiatives to boost its local production of solar power and lessen reliance on imported parts. Expansion of manufacturing of solar cells and modules in the region can help boost the local renewable energy market and boost the overall manufacturing sector.

The investment will further bolster the growing renewable energy and industrial manufacturing base of Odisha. The project is a chance for Saatvik Solar to grow its solar value chain presence and production capacity.