Rayzon Solar to become first Indian manufacturer to enter US with 500MW plant

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A TOPCon production line from Trina Solar. The technology is quickly coming to industrial scale. Image: Trina

Indian solar manufacturer Rayzon Solar has announced plans to set up a 500MW solar module factory in the US and expand its existing Indian production capacity by a further 1GW.

The move will make Rayzon the first Indian solar company to set up manufacturing operations in the US, the company said. Currently, its Indian operations have an annual capacity of 1.5GW, which the company intends to increase to 2.5GW. A timeframe is yet to be announced.

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The company confirmed on its social media channels that the US facility will produce tunnel oxide passivated contact (TOPCon) modules.

Last month, SEG Solar completed the acquisition of a 2GW TOPCon manufacturing plant in Texas and PV startup Carbon spoke to PV Tech Premium recently about its plans for 3.5GW of TOPCon production in France. The technology is becoming more and more prevalent across the industry as companies begin to scale it and replace tried-and-tested passivated emitter/rear cell (PERC) technology.

A report from Clean Energy Associates earlier this month found that the US is forecast to pay the highest market prices for solar modules in the world, and that even as PERC phases out and TOPCon becomes more readily available, the new technology will remain at a premium in the US. This is due to the lead time on TOPCon facilities being established and the drop in PERC price as manufacturers eventually look to shift it at a discount.

Both the US and India have been engaged in trying to build out their manufacturing bases and attract solar companies to their shores. Rayzon’s move speaks to a growing confidence in the future of the US solar market in light of the Inflation Reduction Act’s (IRA) incentives for manufacturing and deployment. As of December last year, three months after the IRA passed into law, 22GW worth of US module and cell manufacturing plans had been announced.

Since then, companies like JA Solar and Qcells have made significant US capacity announcements.

PV Tech publisher Solar Media will be organising the second edition of PV ModuleTech US in Napa, California, during 6-7 June. The conference will address the module landscape that is expected to unfold for U.S. buyers in the coming years; in particular new domestic manufacturing. More information, including how to attend, can be read here.

17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.
7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.

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