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Fujiyama Power Systems Boosts Renewable Energy with New 1.2 GW Solar Cell Plant in MP
- •Fujiyama Power Systems is establishing a 1.2 GW solar cell manufacturing facility in Ratlam, Madhya Pradesh, to strengthen its renewable energy value chain.
- •The greenfield project, utilizing advanced TopCon technology, is expected to commence solar cell production by the end of the current fiscal year.
- •This new plant will increase Fujiyama's total solar cell capacity to 2.3 GW, complementing its existing 1.1 GW plant in Dadri, Uttar Pradesh.
- •The investment of Rs 350-400 crore is part of Fujiyama's 2030 vision, aiming for backward integration and reduced dependence on the open market.
- •The initiative aligns with government ALMM policies to promote domestic solar manufacturing, reduce import reliance, and enhance India's position in renewable energy.
Key Questions Answered
Fujiyama Power Systems is setting up a new 1.2 GW greenfield solar cell manufacturing facility in Ratlam, Madhya Pradesh, utilizing advanced TopCon technology to strengthen its value chain and reduce dependence on the open market.
The greenfield project in Ratlam is being established with an investment of approximately Rs 350 to 400 crore. Solar cell production at the new facility is expected to commence by the end of the ongoing fiscal year.
Once commercial operations begin at the Ratlam plant, Fujiyama's total solar cell capacity will increase to 2.3 GW, complementing its existing 1.1 GW cell plant in Dadri, Uttar Pradesh. This backward integration will lower input costs for the company's total module manufacturing capacity of 3.6 GW spread across Ratlam, Dadri, and Noida.
