4 days ago
Indosol Solar to Launch India’s Only Operational Ingot Plant
Indosol Solar is building a large solar equipment factory in Andhra Pradesh.
The factory will make silicon ingots and wafers, which are important parts of solar panels.
It will also make solar cells and modules.
Production is expected to begin next month.
The company says this could become India’s only operating ingot plant.
India may require more solar parts to be made domestically from 2028.
Indosol also wants to sell wafers to American solar companies.
It expects the United States to need more non-Chinese wafers than it can produce itself.
Indosol Solar will inaugurate a ₹3,000-crore ingot-cum-wafer plant at Ramayapatnam, Andhra Pradesh, next month.
The facility will initially create a 1.2 GW integrated capacity for ingots, cells and modules.
The company aims to expand integrated capacity to 10 GW, eventually reaching 20 GW across ingots, wafers, cells and modules.
Indosol is preparing early for India’s expected wafer-localisation requirement, due to begin in June 2028.
The company is targeting US demand amid an expected shortage of non-Chinese, high-purity solar wafers.
- Who
- Indosol Solar Pvt Ltd, a subsidiary of Shirdi Sai Electricals Ltd, led by COO Balachander Krishnan.
- What
- The company will commission an ingot-cum-wafer plant as part of a 1.2 GW integrated solar manufacturing facility.
- Where
- Ramayapatnam, Andhra Pradesh, India.
- When
- The plant is expected to be inaugurated and begin production next month; the article was published on August 29, 2026, and wafer localisation is expected from June 2028.
- Why
- Indosol wants to build expertise before India’s expected wafer mandate and target US demand for non-Chinese, high-purity solar wafers.
Key facts
- Facility investment
- ₹3,000 crore
- Initial integrated capacity
- 1.2 GW
- Long-term capacity target
- 10 GW initially, eventually 20 GW across ingots, wafers, cells and modules
- Expected Indian wafer-localisation date
- June 2028
- Expected US cell capacity by 2028
- 25 GW
- Expected US ingot-wafer capacity by 2028
- No more than 6 GW
- US trade measures
- A 15% duty and minimum import prices for polysilicon and downstream solar products, including ingots, wafers, cells and modules
Quotes
Balachander Krishnan
Chief operating officer of Indosol Solar
“This dynamic situation creates a prime export opportunity. By supplying trade-compliant, high-efficiency monocrystalline wafers directly to US domestic cell lines, Indian upstream players can enable US companies to claim lucrative tax incentives without structural supply chain risks.”
thehindubusinessline.com
Sources
Related news
India Plans 10 GW Polysilicon Incentives to Cut China Dependence
India’s Solar Module Boom Risks Overcapacity and Stranded Assets
India Plans New Scheme to Boost Domestic Polysilicon Manufacturing
India's Solar Cell Capacity Set to Reach 100 GW
India Plans PLI Scheme for Polysilicon to Cut Solar Imports
India on Track for Record 50 GW Solar Capacity
Court Blocks Trump Drug Rebate Scheme
Trump Claims Historic Drug Price Drops Without Evidence
US CEOs Fear Trump's Climate Policies, Says Kerry
Pneumonia During Pregnancy Poses Serious Risks to Mothers and Babies
