Signet Solar plans $2 billion 10-year expansion in India


Thin-film silicon solar photovoltaic module manufacturer Signet Solar has announced plans to ultimately produce 1 gigawatt (GW) in annual production of solar modules over the next ten years at a new plant to be built in India at an estimated final cost of approximately $2 billion U.S. dollars.  “The announcement by Signet Solar to expand its production capacity will significantly contribute to our plans to accelerate semiconductor and information technology (IT) hardware manufacturing in India,” states Thiru A. Raja, India’s Honorable Union Minister of Information Technology. “Combined with our highly skilled workforce, India has an opportunity to be a leader in using technology to address pressing global energy needs.”

“We are convinced that India is ideal for manufacturing the world’s lowest cost solar modules,” said Dr. Prabhu Goel, Chairman and Founder, Signet Solar. “With its manufacturing prowess and vast need for energy, we consider India key to bringing Clean Affordable Renewable Energy, via thin film solar modules, to our customers.”

The initial production line will have a capacity of 60 megawatts. Signet Solar’s India announcement comes on the heels of plans announced last month for a manufacturing and development plant to be built in Dresden, Germany (pictured). Timing and location of the India plant were not disclosed.

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

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Sydney, Australia