 "Jakson’s Bold Solar Expansion: Powering India’s Renewable Future with ₹2,000 Crore Investment")
Jakson Group’s subsidiary, Jakson Engineers, is set to invest Rs 2,000 crore to expand its solar manufacturing operations. This ambitious project includes a new 2,500 MW solar cell manufacturing facility, which will be developed in two phases, along with the expansion of an existing solar module plant to reach a capacity of 2,000 MW. The first phase of the cell plant is expected to be operational within 15 months, while the module expansion will be completed in six months. This initiative aims to meet the rising demand for solar energy in India, create 1,200 new jobs, and reduce reliance on imports, contributing to the country’s goal of achieving net-zero emissions. Jakson remains committed to sustainability and innovation in the renewable energy sector.
Jakson Engineers Expands Solar Manufacturing to Meet Growing Demand
Jakson Group’s subsidiary, Jakson Engineers Ltd (JEL), has announced an ambitious investment of around Rs 2,000 crore to expand its solar manufacturing capabilities. This initiative is aimed at setting up a new 2,500 MW solar cell manufacturing facility, which will be developed in two phases. Alongside this, Jakson is also working to increase its existing solar module manufacturing capacity to 2,000 MW.
The first phase of the solar cell plant is expected to be operational within the next 15 months, while the module plant expansion will be completed sooner, within just six months. This move signifies a major step for Jakson Engineers as it aims to respond to the rising demand for solar energy solutions in India and beyond.
Sundeep Gupta, Vice Chairman & Managing Director of the Jakson Group, stated that this expansion reaffirms the company’s longstanding commitment to sustainability and positions Jakson as a significant player in the renewable energy sector. The incorporation of advanced TOPCON technology in their operations is intended to enhance product efficiency and reliability.
Additionally, this expansion is set to create approximately 1,200 jobs in the region, contributing to local economic growth. With India’s current solar cell manufacturing capacity at only 7 GW, Jakson’s efforts play a critical role in reducing dependency on imports, aligning with the national goal of AatmaNirbhar Bharat (Self-Reliant India).
Looking ahead, Jakson Engineers aims to further increase its capacity to become a 5,000 MW integrated manufacturer of solar wafers, cells, and modules, supporting India’s objective of achieving net zero emissions.
In summary, Jakson’s investment and expansion plans not only bolster its position in the Market but also contribute to a sustainable energy future for India.
Image Caption: The first phase of solar cell plant is set to be commissioned within the next 15 months, while the module plant expansion is expected to be completed within six months | Photo: X@JaksonGroup
Last Updated: September 04, 2024 | 1:59 PM IST
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What is Jakson Engineers planning to do with their investment?
Jakson Engineers plans to invest Rs 2,000 crore to expand their solar manufacturing business. -
Why is Jakson Engineers focusing on solar products?
They are focusing on solar products because of the growing demand for renewable energy and to support India’s clean energy goals. -
How will this investment affect jobs?
The investment is expected to create new jobs in the solar manufacturing sector, helping to boost local employment. -
When will the expansion take place?
Details about the specific timeline for the expansion have not been provided, but it is expected to start soon. - What products will Jakson Engineers focus on in their solar business?
They will likely focus on a range of solar products, including solar panels and related technologies, to meet Market needs.
