German company builds 300MW solar panel factory in India

German PV module and energy storage solutions company AXITEC has launched a 300MW module manufacturing plant in Tiruvallur, Tamil Nadu, India.

The plant is designed to produce both DCR and non-DCR PV modules using N-type TopCon technology.

AXITEC said the plant is strategically located on the outskirts of Tiruvallur, which will help with efficient production and better control over the supply chain to ensure timely delivery of products.

The plant is already operational and the company plans to double its production capacity in the near term. The expansion is part of AXITEC's ongoing efforts to meet growing market demand and enhance its ability to quickly deliver high-quality solar solutions.

The plant is also seeking to have its products included in the approved list of PV module models and manufacturers to meet national standards for government-supported projects.

Tanmoy Duari, CEO of AXITEC Energy India, said: "The inauguration of the new plant in Tiruvallur marks a key step for AXITEC in driving solar solutions in India and beyond. This plant reflects our commitment to quality, innovation and sustainability. By leveraging cutting-edge N-type TopCon technology, we are not only improving the efficiency and performance of PV modules, but also contributing to the local economy by creating jobs."

According to the 2024 State of Solar PV Manufacturing in India report released by Mercom India Research, India will add 20.8GW of PV module and 3.2GW of PV cell capacity in 2023.

As of December 2023, the cumulative PV module capacity reached 64.5GW and the PV cell capacity reached 5.8GW. The new capacity in 2023 is mainly driven by domestic demand and export opportunities.

In January this year, the US company First Solar inaugurated its fully vertically integrated solar production plant in Tamil Nadu, with a nominal annual capacity of 3.3GW.