- Press Releases
July 4 (Renewables Now) - Indian solar products maker Websol Energy System Ltd (BOM:517498) on Friday unveiled a plan to build an up to 1.8-GW factory to produce photovoltaic (PV) cells and modules at home.
The company’s board greenlighted the investment plan for the project at a meeting last week. According to the regulatory filing, the plan includes the possibility of shutting down all of Websol’s existing manufacturing facilities.
At the new factory, the Indian firm intends to make high-efficiency mono PERC and TopCon solar panels. It did not specify where the facility will be built. The Kolkata, West Bengal-based manufacturer said its plan has attracted the attention of some project developers, with some of them already indicating their interest in purchasing equipment from the new factory on a long-term basis.
Set up in 1990, Websol operates an integrated cell and module production plant in the Falta special economic zone in West Bengal. The latest available information on its website shows that it has 280 MW of capacity for making PV cells and a solar module production capacity of 250 MW.