Goldi Solar Capacity Expansion: 5 GW Modules, 16 GW Cells by FY28
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goldi Solar Plans Capacity Expansion to Meet Rising Indian Solar Demand
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– Published January 4, 2026, 10:45 PM IST
Goldi Solar is reportedly planning a significant expansion of its solar module manufacturing capacity to exceed 20 gigawatts (GW), according to industry sources. This move aims to capitalize on the increasing domestic demand for solar installations, fueled by goverment initiatives such as the PM Surya Ghar: Muft Bijli Yojana.
The PM Surya Ghar scheme, launched in February 2024, aims to provide free electricity to households by installing rooftop solar panels. It targets installing rooftop solar on 1 crore (10 million) households, with a central financial outlay of ₹75,000 crore (approximately $9 billion USD as of January 2026). PM Surya Ghar official website
Investment Details and Industry Benchmarks
While Goldi solar has not publicly confirmed the timeline or specific investment figures for the expansion, industry estimates suggest that establishing 1 MW of solar module capacity requires an investment of approximately ₹5-7 crore (roughly $600,000 – $840,000 USD as of January 2026). Therefore, a 5 GW expansion, as reportedly under consideration, could necessitate an investment in the range of ₹25-35 crore.
| Capacity Increase | Estimated Investment (INR Crore) | Estimated Investment (USD Million) |
|---|---|---|
| 1 MW | 5-7 | 0.6 - 0.84 |
| 5 GW (5000 MW) | 2500 – 3500 | 300 - 420 |
Requests for comment sent to Goldi Solar regarding the project’s details remained unanswered as of January 4, 2026.
India’s Solar Capacity Growth
India has significantly increased its solar power capacity in recent years. As of December 31, 2025, the country’s total installed solar capacity stood at approximately 75 GW. ministry of New and Renewable Energy (MNRE). The government has set an ambitious target of achieving 500 GW of non-fossil fuel energy capacity by 2030, with solar power playing a pivotal role.