India-based Alpex Solar has announced a INR 642 crore investment to establish a 1.6 GW solar cell manufacturing facility in Kosi Kotwan, Mathura, Uttar Pradesh. The project will be completed in three phases: the first 500 MW by October 2025, followed by two additional phases in April and September 2026. This facility is Alpex’s most significant venture since its inception and aims to strengthen its product offerings, which currently include solar PV modules, aluminum frames, EPC services, and IPP expertise. The company will fund the project through a combination of internal accruals, bank loans, and equity infusion. Alpex has also purchased a 7-acre plot for the plant, which will be built alongside its new 1.2-GW greenfield solar PV module facility. This expansion is expected to double Alpex’s module capacity to 2.4 GW, solidifying its position in the Indian renewable energy market.
Alpex Solar invests INR 642 crore for 1.6 GW PV cell plant in India
Alpex Solar’s new Mathura plant will add 1.6 GW solar cell capacity and double its module capacity to 2.4 GW. (Image Credit/Source: KindelMedia/Pexel)
The dual-use project integrates agriculture under solar panels and floating aquaculture with energy storage. (Image Source: PRNewswire)
The Horsham project combines solar and battery storage, supporting grid stability and peak demand management. (Image Credit/Source: Atimedia/Pixabay)
The 20 MW solar project actively supports Eramet’s SBTi roadmap and climate goals. (Image Source: SolarPanal/Pixabay)
Sherco Solar is the Upper Midwest’s largest solar project, set to power 150,000 homes when fully operational. (Image Source: Xcel Energy)