India’s Jakson Group, the Noida-based energy and engineering solutions company, plant to increase its solar manufacturing capacity to 1.5 GW by 2020.
According to Business Standard, the company is planning to invest INR 7 billion ($0.11 billion) in a new solar module manufacturing plant in Gujarat. According to Sameer Gupta, chairman, and managing director of Jakson Group, the investment would be made in two phases.
In the first phase, an initial production capacity for 500 MW of solar modules would be set up. In the second phase, another 500 MW of solar module manufacturing and 250MW of the solar cell would follow.
The company currently has 70 MW of mono- and poly-crystalline module manufacturing capacity in Noida, besides an installed capacity of 500 MW of module mounting structures. The Jakson Group also runs three solar power plants with a total installed capacity of 60 MW. It plans to scale up its solar installation portfolio to 500 MW in India and the overseas market.
