Entrepreneur and investor Nikhil Kamath has invested in 1,375 billion in Goldi Solar, a PV module manufacturer based in Gujarat. The investment will enable Goldi Solar to expand production.
Goldi Solar almost tripled its PV module capacity from 3 GW to 14.7 GW in the past 12 months and is now entering large-scale production of solar cells to serve domestic and export markets.
“Renewable energy in India is a huge sector, and there is an equally massive chance of building here on our home base worldwide.
The investment comes in the midst of a rapid growth of the domestic demand for solar sun, supported by government goals of 280 GW of solar power by 2030, import duties on foreign modules and incentives for local manufacturers under the production-linked incentive scheme.
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