Jakson Solar Plans 525 Million Solar Investment

Indias Jakson Solar plans to invest up to 525 million dollars to build three gigawatts each of solar cell and ingot-wafer manufacturing capacity. The new facilities aim to support domestic supply chains and reduce import reliance by December 2027.

A man rides a motorcycle along the solar panels in Gujarat Solar Park also called Charanka Solar Park at Patan district in Gujarat, India, September 12, 2024. REUTERS/Amit Dave

India's Jakson Solar will invest up to $525.2 million to build 3 GW each of solar cell and ingot-wafer capacity by fiscal 2028. The expansion supports domestic manufacturing ecosystems to avoid potential supply shocks. The investment positions the firm to capture growing merchant market demand as India targets net-zero emissions by 2070.

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