Delhi-based solar manufacturer Gautam Solar has announced plans to expand its solar module manufacturing capacity to 5 GW by 2025. The expansion will occur in three phases, with the first phase expected to complete in November 2024, followed by the second and third phases in January and April 2025, respectively.

The company also revealed a Rs 10 billion solar cell expansion plan, which will be funded through an Initial Public Offering (IPO) expected to be launched in the next 12-18 months. This IPO will support the establishment of a 2 GW solar cell manufacturing plant, enabling Gautam Solar to meet its 5 GW production target within the stipulated timeframe.

Gautam Mohanka, Managing Director of Gautam Solar, stated that with India's solar energy capacity currently at 70 GW, the company aims to contribute around 5-7% of the national total through this expansion. Mohanka emphasized that the initiative is not only focused on scaling production but also on fostering innovation, creating jobs, and offering solar solutions tailored to India’s environmental and economic conditions.