Jupiter Plans $1.2 Billion Maharashtra Solar Factory In Maharashtra State India

• Jupiter International signed an MoU to build a vertically integrated solar plant in Maharashtra, investing INR 109 billion and creating more than 8,300 jobs.

Indian manufacturer Jupiter International plans a new, vertically integrated solar factory in Maharashtra after signing a memorandum of understanding with the state government. The proposed investment: INR 109 billion (about USD 1.24 billion) to cover wafers, cells and modules under one roof—an expansion that would complement Jupiter’s existing two 500-MW facilities in Himachal Pradesh.

The company framed the project as part of a multi-year bid to scale its footprint and capture more of the upstream value chain domestically. Earlier this year, Jupiter disclosed plans to invest INR 65 billion to add wafering and boost module output, and separately secured INR 5 billion from ValueQuest SCALE Fund to support growth. It has also signed an MoU with Odisha for a gigawatt-level components plant, highlighting competition among states to land clean-tech manufacturing.

Maharashtra’s pitch is straightforward: proximity to ports and customers, a skilled workforce, and state incentives aligning with India’s national manufacturing push. If timelines hold, the campus would employ more than 8,300 people and strengthen supply-chain resilience for domestic projects seeking local content—especially as developers weigh import rules and evolving tax incentives. 

Execution risks remain, from equipment vendor selection to power quality and consumables supply (ultra-pure water, specialty gases). But a single-site, integrated flow can cut logistics costs, speed line changeovers, and simplify quality control across wafer, cell and module steps. For India’s fast-growing solar market, that combination may be decisive in keeping pace with demand while building a deeper manufacturing base.