Nikhil Kamath, co-founder of investment platform Zerodha, has announced an investment of ₹137.5 crore in Goldi Solar, a solar photovoltaic module manufacturer. The funding will help Goldi Solar expand its production capacity and strengthen its presence as a major global renewable energy company.
Supporting India’s Clean Energy Goals
Speaking about the investment, Kamath said, “Renewable energy in India is a massive sector, and there is an equally massive opportunity to build global-scale companies right here on our home ground. It is imperative that we back these companies to accelerate the country’s clean energy transition.”
Goldi Solar’s Expansion Plans
Goldi Solar has been rapidly increasing its solar PV module manufacturing capacity. In the past year, the company has expanded from 3 gigawatts to 14.7 gigawatts. It is also setting up solar cell manufacturing facilities in Surat, Gujarat. The company aims to introduce advanced solar PV modules and cells using new technologies to meet the rising demand for clean energy in India.
Founded in 2011 by Ishverbhai Dholakia and headquartered in Surat, Goldi Solar is one of India’s largest solar module producers. With this new investment, the company is expanding into large-scale solar cell manufacturing for both domestic and international markets.
The investment comes at a time when India is pushing for rapid growth in solar power. The government has set a target of 280 gigawatts of solar energy by 2030. Import duties on foreign solar modules and incentives under the Production Linked Incentive scheme are further encouraging the growth of domestic solar manufacturing.
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