The board of directors of Websol Energy System approved a phased expansion of its manufacturing capacity, adding 4 GW of solar cells and 4 GW of solar modules through a wholly-owned subsidiary. This strategic move underscores the company’s commitment to meeting India’s growing renewable energy needs.
Investment of ₹3,000 Crore for Multi-Phase Expansion
The ambitious plan involves an investment of approximately ₹3,000 crore and builds on Websol’s existing capacity at Falta, West Bengal. The current setup, known as Phase I, comprises a 600 MW solar cell line and a 550 MW solar module line, operating at 90% effective capacity utilization.
Phase II to Start in October 2025
Under the expansion roadmap, Phase II will add another 600 MW solar cell line at the same Falta site. This phase, fully funded through internal accruals, is scheduled to begin operations in October 2025, raising Websol’s solar cell capacity to 1.2 GW.
Topcon Technology to Drive Future Growth
To cater to the rising domestic demand for solar power, Websol plans to deploy Topcon technology in the upcoming phases:
*Phase III: Add 2 GW each of solar cells and modules by June 2027.
*Phase IV: Add another 2 GW each of solar cells and modules by June 2028.
Funding for these later phases will come from a mix of internal accruals and institutional lending, ensuring a balanced and sustainable growth trajectory.
Powering India’s Solar Future
As reported by projectstoday.com, with this expansion, Websol Energy aims to strengthen its leadership in the solar manufacturing space. It also seeks to reduce reliance on imports and support India’s renewable energy targets with advanced technology and robust capacity.
