MANY MINDEDIndia's Agastya Energy to build 12 GW solar supply chain capacity
Agastya Energy (part of Anubhav Agarwal Group) is developing 12 GW ingot and wafer manufacturing capacity in Kurnool, Andhra Pradesh, India. The project requires INR 78 billion ($815.8 million) in investment and complements Agastya's planned 5 GW solar cell and module production (starting with 2 GW). This expansion aligns with India's Ministry of New and Renewable Energy framework that will include ingots and wafers under the Approved List of Models and Manufacturers by June 2028, pending regulatory approval.
The initiative targets scaling solar supply chain infrastructure where current manufacturing capacity is constrained. By advancing ingot and wafer production—critical early-stage components for solar panels—the project aims to reduce downstream costs for solar modules. This supports India's renewable energy goals without immediate grid integration, as the capacity remains under development.
For abundance, this moves clean energy affordability closer to scale. More accessible solar components could lower costs for household solar systems and industrial applications, potentially expanding renewable access in India. However, the project's impact depends on future demand reviews and regulatory clearance. What to watch: Agastya's capacity adjustment decisions for cell/module production and the June 2028 timeline for the ALMM framework implementation.
Source: pv magazine