Goldi Solar to Increase Module Manufacturing Capacity to 14 GW
Ahmedabad-based solar energy company, Goldi Solar, has revealed plans to significantly enhance its module manufacturing capacity. Currently manufacturing at 3 gigawatts (GW), the company aims to increase this to 14 GW by the middle of the financial year 2025-26 (FY26). In addition, Goldi Solar aims to achieve a solar cell manufacturing capacity of 4 GW by FY27. This expansion is set to take place at a new facility in Kosamba, Gujarat.
Strong Financial Performance and Ambitious Growth
Goldi Solar’s chairman, Surendra Dholakiya, highlighted the company’s impressive financial growth. Its turnover has experienced a sharp increase from Rs 6 billion in FY22 to Rs 17.50 crore in FY24, reflecting an exceptional growth rate of 191.67 percent over the past three years. Dholakiya emphasized that the company’s expansion plans not only involve increasing production capacity, but also building a strong foundation for innovation and leadership in the renewable energy sector.
The current order book of Goldi Solar stands at approximately Rs 53.50 billion. This comprises Rs 45.50 billion in module manufacturing orders and Rs 8 billion in engineering, procurement, and construction (EPC) contracts. With impressive financial performance and a strong order book, Goldi Solar is well-positioned to fulfill its expansion plans and capitalize on new opportunities in the solar energy sector.
New Market Opportunities and Employment
Goldi Solar’s expansion to 14 GW of module manufacturing capacity will create new market opportunities, particularly in northern, eastern, and southern India. The demand for solar power is continually growing, and the company seeks to capitalize on this trend while addressing regional market requirements.
Furthermore, Goldi Solar aims to increase its workforce by hiring over 4,000 new employees. By doing so, the company strives to foster a culture of innovation by bringing in fresh talent in addition to its existing experienced team. This infusion of new professionals is expected to establish new industry benchmarks and drive the future success of Goldi Solar in India and on the global stage.
Goldi Solar: Leader in the Solar Energy Industry
Goldi Solar currently operates two manufacturing plants in Pipodara and Navsari, Gujarat, which have a combined capacity of 3 GW. With the proposed expansions and advancements in solar technology, Goldi Solar is positioning itself as a key player in the renewable energy sector.
The company leadership intends to redefine what is achievable in solar energy, not just in India, but on a global scale. By empowering industries and communities with sustainable solutions, Goldi Solar aims to have a lasting influence on the energy landscape for generations to come.
Goldi Solar’s ambitious vision, coupled with its strong financial performance, robust order book, and commitment to innovation, makes it a front-runner in India’s solar energy industry. With the expansion plans underway and the support of a larger workforce, Goldi Solar is ready to redefine the boundaries of solar energy usage in the country and contribute significantly to India’s renewable energy goals.
