Jupiter International has announced plans to invest Rs 65 billion over the next three years to expand its solar manufacturing capabilities. The investment will expand the company’s production capacities to 3 GW for wafers, 9.4 GW for solar cells, and 6 GW for module assembly, positioning it to meet increasing market demand for solar solutions while achieving full control over its manufacturing value chain.
The company aims to establish a seamless supply chain encompassing all stages of solar manufacturing, enhancing quality control, operational efficiency and cost optimisation. Additionally, significant investments will be made in research and development, focusing on advanced manufacturing techniques and next-generation technologies such as TOPCon, which improve solar cell efficiency and durability.
In July 2024, Jupiter International Limited secured Rs 3 billion in financing from ValueQuest S.C.A.L.E. PE fund to establish a 1.8 GW solar cell facility, a 1.2 GW solar module facility, and formed a joint venture with AmpIn Energy Transition to establish an integrated solar cell and module capacity of 1.2 GW each.
