Agastya Green Energy Ltd expands into integrated 12 GW Ingot & Wafer manufacturing
Kurnool (Andhra Pradesh), Aug 15: Agastya Green Energy Limited, a part of Anubhav Agarwal Group, today announced its expansion into Integrated 12 GW Ingot and Wafer manufacturing at the Orvakal Industrial Area in Kurnool, Andhra Pradesh with a project cost of approximately ₹7,800 crore.
The project envisages establishment of 12 GW each of integrated ingot and wafer manufacturing capacity, the company said in a statement.
Anubhav Agarwal, Chairman, AAG (Anubhav Agarwal Group), said, “Our ₹7,800 crore investment in Agastya Energy reflects our long-term conviction in India’s energy transition and our commitment to building globally competitive manufacturing capabilities at scale. We believe that strengthening domestic manufacturing will be critical to meeting India’s growing energy needs, reducing import dependence and creating a resilient energy ecosystem for the decades ahead.”
Piyush Bichhoriya, Director, Agastya Energy, said, “The expansion into Ingot and Wafer manufacturing marks a critical upstream pillar of Agastya Energy’s integrated solar manufacturing strategy, complementing our solar cell and module capabilities and strengthening our end-to-end PV value chain. It will deepen our presence across the solar ecosystem, drive greater domestic value addition, and create synergies across manufacturing, IPP and EPC.”
Bernhard Rack, CEO, Agastya Energy, said, “This expansion will strengthen Agastya Energy’s capabilities across ingots, wafers, cells and modules. It marks an important step towards establishing India as a leading hub for clean energy manufacturing.”
About Agastya Energy Group:
Agastya Energy Group is a renewable energy company focused on building integrated capabilities across the solar photovoltaic value chain.
Headquartered in New Delhi & a part of the AAG, the company is focused on developing scalable, technology-led and sustainable clean energy solutions. (BVI)
