Indian panel maker Saatvik has plans for a 1.5-GW manufacturing facility in U.S.A.

Jun 1, 2023 05:30 PM ET
  • Indian solar panel producer Saatvik informed Solar Power World it is exploring alternatives to open a 1.5-GW panel manufacturing plant in the United States. Saatvik currently supports a 1.5-GW plant in Haryana, India (that must broaden to 3 GW by September 2023), and is also developing a brand-new 2.5-GW panel and cell center in Gujarat, India.

The U.S. manufacturing facility is expected to produce TOPCon modules as well as be functional by the 2nd fifty percent of 2024. Saatvik produces mono- and also bifacial mono-PERC photovoltaic panels for the utility, business and household markets in India. Saatvik's site states the company uses M10 wafers as well as is planning to update to innovative modern technologies including G12 wafers. At some point, the firm's objective is to become the "most exceptional solar PV module brand name in India by 2025."

Prashant Mathur, CEO of Saatvik Group, stated that "setting up a brand-new production unit in the United States will certainly strengthen the partnership between Indian producers and also U.S. customers."

Saatvik photovoltaic panels are already readily available in the USA, with the firm maintaining stock at 2 warehouses in California and Indiana.

" To satisfy the demand and ensure a continuous supply of solar modules, our warehouses frequently receive replenishments from our manufacturing facilities in India. This allows us to keep an adequate supply and guarantee prompt delivery to our customers," stated Vineet Kumar, Saatvik marketing manager. "These modules are made in India and also comply with united state guidelines. Presently, the company is marketing the modules directly and via our network of representatives."

According to Saatvik management, developing a production center in the United States will certainly enable the business to offer the global market more successfully. Saatvik developed a specialized united state workplace in April in Seattle as well as has a united state entity in Texas that will oversee the procedures of the U.S. production center. The business also prepares to sustain EPC services.

While a location for the united state manufacturing facility has actually not yet been selected, Saatvik indicated that it has shortlisted a few websites based on transport networks, availability of labor and also target markets.

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