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

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.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

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.

30 May 2024
11am (CEST)
Astronergy has introduced its latest module product series, ASTRO N7 and ASTRO N7s, both of which utilise rectangular wafers. ASTRO N7, based on the 210mm*182mm wafer, is specifically tailored for utility-scale systems. It features dimensions of 2382mm*1134mm and a 66-cell layout design that effectively lowers Voc and increases string size. This design feature significantly reduces tracker and cable costs, leading to a reduction in LCOE by 0.44% to 4.37% compared to 182mm-wafer TOPCon modules. Furthermore, ASTRO N7 incorporates advanced cell and module technologies such as laser-induced firing, super multi-busbar, light-redirecting film, and double-layer coating glass to enhance module power output and reliability. Join us to explore the latest advances in module technology and how they can improve module performance and learn about the economic advantage of rectangular-wafer modules and their benefits at a system level.
8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 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.
26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
11 March 2025
Frankfurt, Germany
The conference will 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 out to 2030 and beyond.

Read Next

May 24, 2024
Singapore-headquartered solar manufacturer Maxeon has failed to sue fellow manufacturer Aiko Solar over alleged solar technology patent infringement.
May 24, 2024
Solar project developer Recurrent Energy has secured a €674 million (US$730 million) revolving credit facility to expand its European solar and battery energy storage system (BESS) portfolio.
May 24, 2024
Ørsted has closed a US$680 million tax equity financing with JP Morgan for a solar project, alongside a solar-plus-storage project.
May 24, 2024
US power distribution company Entergy Louisiana has received approval from the Louisiana Public Service Commission (LPSC) to add up to 3GW of solar PV.
May 24, 2024
Waaree Energies has signed an agreement to supply 445MW of modules to Statkraft India for a project in Bikaner, Rajasthan.
May 24, 2024
Indian solar installations increased by over 400% in the first quarter of 2024 to the highest quarterly deployment levels in its history.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 29, 2024
11am (EDT) / 5pm (CEST)
Solar Media Events
June 4, 2024
London, UK
Upcoming Webinars
June 11, 2024
3:00 PM (BST) / 4:00 PM (CEST)
Solar Media Events
July 2, 2024
Athens, Greece