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Bloomberg Quint

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Image Credit: Bloomberg Quint

Saatvik Green To Spend Rs 2,000 Crore On Solar Cell, Panel Capacity

  • Saatvik Green Energy plans to invest Rs 2,000 crore to expand solar module and cell capacity in Gopalpur, Odisha.
  • The new module capacity will be commissioned in FY26 and the solar cell capacity by FY27, taking their total capacity to 7.8 GW.
  • The company aims to reduce costs by 5-10% by manufacturing their own allied products, such as encapsulants.
  • Saatvik Green believes government initiatives like PM Muft Bijli Yojana and PM KUSUM Scheme will drive demand for domestic panel manufacturers.

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