India’s GP Eco Solutions signs MoU to build 5GW/2GW PV module and cell plant

Facebook
Twitter
LinkedIn
Reddit
Email
A ReNew project in India.
The MoU will provide US$114 million to GP Eco Solutions by the end of 2028. Image: ReNew.

Indian solar PV company GP Eco Solutions India has signed a memorandum of understanding (MoU) to secure funds for a 5GW/2GW solar cell and module manufacturing facility in the state of Madhya Pradesh.

Announced in a LinkedIn post last week (28th February), GP Eco Solutions said it signed the MoU with the New and Renewable Energy Department of the Madhya Pradesh government at a finance and investment event in the Indian city of Bhopal.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The deal outlines plans for an INR 1,000 crore (US$144 million) investment by the end of 2028 to establish a manufacturing facility for 5GW of solar modules and 2GW of solar cells in Madhya Pradesh.

The company did not confirm the PV technology it intends to produce at the site. PV Tech has asked for clarification on this.

The announcement joins the growing ranks of solar PV manufacturing capacity announcements across India. Some of the country’s biggest players in solar and renewable energy, like Waaree, Tata Power and Adani Green Energy have announced or completed solar manufacturing expansions in recent months.

These are driven by government incentives for domestic solar manufacturing, part of prime minister Modi’s government’s efforts to establish India’s domestic industry as an alternative to the current concentration of solar PV supply in China.

GP Eco Solutions India is a solar inverter and module distributor which also provides engineering, procurement and construction (EPC) services.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

October 13, 2025
Korean chemical production firm OCI Holdings has acquired a 65% stake in a Vietnamese solar wafer production plant, intending to export solar wafers to the US.
October 13, 2025
US solar manufacturer T1 Energy has acquired a minority stake in fellow US-based solar cell producer Talon PV.
October 10, 2025
US solar recycling firm OnePlanet has achieved the R2v3 certification from electronics sustainability non-profit SERI, which represents the “highest standards of traceability”.
October 10, 2025
NTPC Renewable Energy Limited has signed an MoU with the Government of Gujarat to develop 15GW renewable energy projects in Gujarat.
October 9, 2025
Solar PV is the world’s cheapest technology to generate electricity, according to a study from the University of Surrey, in the UK.
October 9, 2025
Singapore-based Sembcorp Industries has agreed to acquire ReNew’s 300MW solar power unit in India for around US$246 million.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK