Jakson Engineers to Invest Rs. 2,000 Cr. for Solar Manufacturing
Jakson Engineers Ltd., part of the Noida-headquartered Jakson Group, will be investing Rs. 2,000 crore to expand its solar cell and module manufacturing capacity.
Greenfield 2.5 GW Solar Cell Plant, Expansion of PV Module Facility to 2 GW
New Solar Cell Plant to Come Up in 2 Phases
Jakson Engineers’ investment will be directed at establishing a greenfield 2.5 GW per annum solar cell plant which will be developed in two phases. The first phase of this new plant is expected to be commissioned in the coming 15 months. However, the location for Jakson’s solar cell plant has not been finalised yet.
Mercom India’s report dated 5th September 2024 states that this facility will produce TopCon PhotoVoltaic (PV) cells, however, the company will keep the plant technology agnostic. This measure would enable Jakson Group to incorporate other emerging solar cell technologies.
Expansion at Jakson’s Greater Noida Solar Module Facility
Apart from the new solar cell plant, Jakson Engineers will also expand production capability at its Greater Noida solar module plant to 2 GW per annum from the current 1.2 GW per annum. This expansion is expected to be complete in the next 6 months.
Step Towards Becoming an Integrated Solar Solutions Provider – Jakson Group MD
Commenting on Jakson’s plan to expand solar manufacturing, Mr. Sundeep Gupta, Vice Chairman & Managing Director of Jakson Group, said, “…This expansion not only strengthens our position in the market but also underscores Jakson’s remarkable growth and long-standing commitment to sustainability”. He added that this expansion is a step towards Jakson Group becoming “…a fully integrated solar solutions provider”.
As for the rationale behind this move, Mr. Gupta explained, “…this expansion is a testament to our vision and the increasing demand for our high-quality solar products”. He also said that the company’s goal is to serve its customers better through strengthening its backward integration, thereby resulting in a stronger supply chain.
As for its future target, Jakson Engineers plans to have an integrated solar wafer, cell, and module manufacturing capacity of 5 GW in the coming 4 to 5 years.
About Jakson Group: Jakson Group was founded in 1947 in Delhi. In 1979, Jakson opened the first genset manufacturing facility in Delhi. The company later diversified into other business which include infrastructure solutions and EPC, solar equipment manufacturing, Battery Energy Storage Systems (BESS) manufacturing, biofuels, Green Hydrogen, and electrolysers.
