Goldi Solar investing Rs 5k cr to boost module manufacturing capacity: MD

Gujarat-based Goldi Solar is in the process of investing more than Rs 5,000 crore to expand its unit manufacturing capacity to 6 GW, said Ishver Dholakia, managing director of the company.

Right now, the company’s total modular manufacturing capacity is 2.5 gigawatts, Dholakia, who is also the company’s founder, told PTI.

When asked about the company’s growth plans, he replied, “We are in the process of investing more than Rs 5,000 crore as part of our expansion plans to increase unit manufacturing from 2.5 GW to 6 GW.”

He said the expansion of the renewable energy business will be directed to auxiliary production, including aluminum frames, junction boxes, backboard, etc.

The investment will be made by 2025, he said, adding that his company also aims to employ more than 4,500 people in various jobs, which will increase its workforce to more than 5,500 by fiscal year 25.

“We plan to hire 25 percent of the workforce from the local tribal areas adjacent to the proposed manufacturing facility. We will conduct a three-month certification program at the Skills Development Centre,” said the Managing Director.

Dholakia said Goldi Solar has partnered with L&T Public Charitable to train a skilled solar manufacturing workforce.

The investment plan also includes the establishment of cell manufacturing units. He added that after the start of manufacturing cells, the capacity of manufacturing cells will increase to 5 gigawatts later.

Goldi Solar has two module manufacturing units at Pipodara and Navsari districts of Gujarat.

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