Solarworld, Rays Power Infra Join Hands For 2.4 GW Solar Cell Plant
What Happened
Solarworld Energy Solutions is pursuing a 50:50 joint venture with Rays Power Infra Limited through Rays Green Energy Manufacturing to establish 2.4 GW of solar-cell manufacturing capacity. Solarworld has committed up to ₹420 crore to the proposed venture, subject to shareholder approval. Separately, Solarworld Energy Solutions is developing its own 2.4 GW solar-cell manufacturing line at Narmadapuram, Madhya Pradesh, targeted for commercial operations in June 2027.
Key Takeaways
The JV advances Solarworld’s move deeper into domestic solar manufacturing, complementing its existing module capacity and planned cell-production expansion.