Indian solar PV manufacturer Agastya Energy has started construction of its integrated ingot and wafer manufacturing facility in the state of Andhra Pradesh, India.
Investment for the facility will reach INR78 billion (US$ 815 million) and once fully operational, the manufacturing facility will have a 12GW annual nameplate capacity.
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Agastya did not provide a timeline for the commercial operation date of the ingot and wafer facility.
Founded in 2024, the company has quickly expanded its manufacturing capacity and started producing solar modules this year, while it forecasts to begin its first solar cell line next year.
Located in Kurnool, where the new wafer and ingot manufacturing plant will be built, the company targets to have an annual nameplate capacity of 5GW for both solar cells and modules, using TOPCon bifacial technology.
Agastya is the latest Indian solar PV manufacturer to unveil plans to build an ingot and wafer manufacturing facility, following the Indian Ministry of New and Renewable Energy’s (MNRE) proposal to include that part of the supply chain to its Approved List of Models and Manufacturers (ALMM). Unveiled in September 2025, the Indian government aims to include domestic wafers starting and thus requiring government-backed solar PV projects in India to use domestically manufactured wafers to modules from June 2028.
Since the MNRE announcement a year ago, Tata Power, Waaree, Premier Energies, Saatvik Solar, Vikram Solar and now Agastya, among others, have either announced or started construction of ingot and wafer manufacturing facilities in the country.
“For us, the occasion represented an important step in Agastya’s long-term vision for solar manufacturing in India. It was a moment to reflect on what can be achieved when people and organizations come together with a common purpose,” wrote the company on LinkedIn.
Moreover, in addition to manufacturing solar PV modules, Agastya offers turnkey solutions for solar PV projects, such as engineering, procurement, and construction (EPC) and operations and maintenance (O&M) services.
India’s renewable energy transition, from solar PV and energy storage to grid integration, will be a key topic of discussion at the Renewable Energy India (REI) Expo, co-located with the Energy Storage Summit India (ESS India), in Greater Noida on 22-24 October 2026. For the full agenda and booking details, click here.
