Inox Solar Secures Odisha Site for 4.8-GW Factory

• Inox Solar's new Odisha facility boosts India's solar prowess with 4.8 GW capacity, driving clean energy goals and meeting rising solar demand.

Inox Solar, a division of the INOXGFL Group, has acquired land in Odisha, India, to establish a large-scale solar manufacturing facility. The plant will have the capacity to produce 4.8 gigawatts (GW) of solar cells and 4.8 GW of solar modules each year.

This development marks a significant step in India's renewable energy sector, enhancing the country's solar manufacturing capabilities. The new facility is expected to contribute to India's clean energy goals and support the growing demand for solar power solutions domestically and potentially for export.

How will Inox Solar's new facility impact India's renewable energy sector and export potential?

• Boosts domestic solar manufacturing capacity, reducing reliance on imports.
• Supports India's goal of achieving 500 GW of renewable energy capacity by 2030.
• Creates job opportunities, fostering economic growth in the region.
• Enhances India's position as a global player in the solar energy market.
• Increases potential for solar product exports, contributing to trade balance.
• Encourages further investment in renewable energy infrastructure.
• Strengthens supply chain resilience for solar components in India.
• Promotes technological advancements and innovation in solar manufacturing.
• Aligns with government initiatives like "Make in India" and "Atmanirbhar Bharat" (self-reliant India).
• Contributes to reducing carbon emissions and combating climate change.