Goldi Solar is spending around Rs 5,000 crore to increase its capacity for producing modules: Ishver Dholakiya, M.D.

26 Jun 2023 , 11:22 AM

According to Ishver Dholakiya, managing director of Gujarat-based Goldi Solar, who talked to ET, the company is now investing more than Rs 5,000 crore to increase its module manufacturing capacity to 6 GW. The company currently has a 2.5 GW total module manufacturing capability, according to Dholakiya, the company’s founder.

He responded to a question regarding the company’s development plans: ‘We are investing over Rs 5,000 crore as part of our expansion plans to increase module manufacturing from 2.5 GW to 6 GW.’

According to him, the growth of the renewable energy industry would be directed toward the manufacture of auxiliary materials such as junction boxes, back sheets, and aluminum frames.

He added that the investment will be made by 2025 and that his company also planned to hire more than 4,500 individuals for a total workforce of more than 5,500 by that year.

We intend to employ 25% of the employees from the indigenous communities nearby its prospective manufacturing location. The managing director announced that we will run a three-month certification program at a talent development center.

According to Dholakiya, Goldi Solar and L&T Public Charitable have teamed up to teach a professional workforce in the solar manufacturing industry.

The investment plan also calls for the construction of cell production facilities. Following the start of cell production, the capacity for cell production will be expanded to 5 GW.

In Gujarat’s Pipodara and Navsari districts, Goldi Solar operates two production facilities for modules.

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