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Saatvik Solar Industries Private Limited has signed a Memorandum of Understanding (MoU) with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL), Government of Odisha, for setting up a 3.6 GW Solar Cell Manufacturing Facility at Gopalpur in Ganjam district, Odisha.

The proposed facility marks an important step in Saatvik Solar’s plans to further expand its manufacturing capabilities in Odisha and contribute to the development of the state’s renewable energy manufacturing ecosystem. The project is also expected to create employment opportunities and support the development of the wider industrial ecosystem in the region.

The new facility will form part of Saatvik Solar’s broader manufacturing development at Gopalpur, where the company is already progressing with its Phase I integrated manufacturing facility. Phase I has achieved key construction and installation milestones and is now advancing towards commissioning. Tool installation is progressing well, with ramp-up set to commence shortly, marking a significant step towards operational readiness.

Saatvik Solar’s Phase I manufacturing facility at Gopalpur has made substantial progress, with major construction and infrastructure works completed and equipment installation and testing activities advancing across the facility.

The company has also completed key power infrastructure milestones, with the dedicated 220 kV substation ready for charging. Manufacturing lines are progressing through the final stages of installation, testing, validation and process readiness, with the company moving towards the next stage of operations.

The cell line is on track for ramp-up shortly, marking a key step towards operational readiness, with the ALMM-II inspection planned for September—bringing the facility closer to full-scale commercialisation.

Commenting on the milestone, Mr. Prashant Mathur, CEO, Saatvik Green Energy Limited, said, “Odisha is more than a manufacturing milestone for Saatvik; it is a statement of our ambition. As our 2.4 GW cell and 4 GW module manufacturing lines move towards production, we are taking a decisive step towards building scale, strengthening integration and creating the foundation for our next phase of robust growth. India’s clean energy opportunity is enormous, and we intend to play a defining role in it. Our ambition is to build manufacturing capabilities that are globally competitive, technologically advanced and deeply aligned with India’s journey towards energy security and self-reliance. Building on the momentum of Phase I, we are advancing plans for a further 3.6 GW Phase II expansion at Gopalpur, which will significantly scale our integrated manufacturing footprint and strengthen our ability to meet the growing demand for domestically manufactured solar products. With Phase II targeted for commercial production by FY28, we are preparing for the next leap in scale. The future we see is one where India is not only a major consumer of clean energy, but a global manufacturing powerhouse for it. Saatvik is determined to help build that future by investing in capacity, technology and excellence today and creating a stronger, more resilient and more sustainable energy ecosystem for tomorrow.”

Alongside the progress of Phase I, Saatvik Solar is advancing plans for the next phase of development at Gopalpur, which will further scale its integrated manufacturing capabilities. The Phase II 3.6 GW cell capacity expansion is being planned to support the growing demand for domestically manufactured solar products and deepen the company’s presence across the solar value chain.

The company’s phased development at Gopalpur reflects its long-term approach towards building an integrated and technologically advanced solar manufacturing ecosystem, with a focus on scale, operational excellence, quality and supply chain resilience.

Saatvik Solar Industries Private Limited has signed a Memorandum of Understanding (MoU) with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL), Government of Odisha, for setting up a 3.6 GW Solar Cell Manufacturing Facility at Gopalpur in Ganjam district, Odisha.

The proposed facility marks an important step in Saatvik Solar’s plans to further expand its manufacturing capabilities in Odisha and contribute to the development of the state’s renewable energy manufacturing ecosystem. The project is also expected to create employment opportunities and support the development of the wider industrial ecosystem in the region.

The new facility will form part of Saatvik Solar’s broader manufacturing development at Gopalpur, where the company is already progressing with its Phase I integrated manufacturing facility. Phase I has achieved key construction and installation milestones and is now advancing towards commissioning. Tool installation is progressing well, with ramp-up set to commence shortly, marking a significant step towards operational readiness.

Saatvik Solar’s Phase I manufacturing facility at Gopalpur has made substantial progress, with major construction and infrastructure works completed and equipment installation and testing activities advancing across the facility.

The company has also completed key power infrastructure milestones, with the dedicated 220 kV substation ready for charging. Manufacturing lines are progressing through the final stages of installation, testing, validation and process readiness, with the company moving towards the next stage of operations.

The cell line is on track for ramp-up shortly, marking a key step towards operational readiness, with the ALMM-II inspection planned for September—bringing the facility closer to full-scale commercialisation.

Commenting on the milestone, Mr. Prashant Mathur, CEO, Saatvik Green Energy Limited, said, “Odisha is more than a manufacturing milestone for Saatvik; it is a statement of our ambition. As our 2.4 GW cell and 4 GW module manufacturing lines move towards production, we are taking a decisive step towards building scale, strengthening integration and creating the foundation for our next phase of robust growth. India’s clean energy opportunity is enormous, and we intend to play a defining role in it. Our ambition is to build manufacturing capabilities that are globally competitive, technologically advanced and deeply aligned with India’s journey towards energy security and self-reliance. Building on the momentum of Phase I, we are advancing plans for a further 3.6 GW Phase II expansion at Gopalpur, which will significantly scale our integrated manufacturing footprint and strengthen our ability to meet the growing demand for domestically manufactured solar products. With Phase II targeted for commercial production by FY28, we are preparing for the next leap in scale. The future we see is one where India is not only a major consumer of clean energy, but a global manufacturing powerhouse for it. Saatvik is determined to help build that future by investing in capacity, technology and excellence today and creating a stronger, more resilient and more sustainable energy ecosystem for tomorrow.”

Alongside the progress of Phase I, Saatvik Solar is advancing plans for the next phase of development at Gopalpur, which will further scale its integrated manufacturing capabilities. The Phase II 3.6 GW cell capacity expansion is being planned to support the growing demand for domestically manufactured solar products and deepen the company’s presence across the solar value chain.

The company’s phased development at Gopalpur reflects its long-term approach towards building an integrated and technologically advanced solar manufacturing ecosystem, with a focus on scale, operational excellence, quality and supply chain resilience.

Saatvik Solar Industries Private Limited has signed a Memorandum of Understanding (MoU) with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL), Government of Odisha, for setting up a 3.6 GW Solar Cell Manufacturing Facility at Gopalpur in Ganjam district, Odisha.

The proposed facility marks an important step in Saatvik Solar’s plans to further expand its manufacturing capabilities in Odisha and contribute to the development of the state’s renewable energy manufacturing ecosystem. The project is also expected to create employment opportunities and support the development of the wider industrial ecosystem in the region.

The new facility will form part of Saatvik Solar’s broader manufacturing development at Gopalpur, where the company is already progressing with its Phase I integrated manufacturing facility. Phase I has achieved key construction and installation milestones and is now advancing towards commissioning. Tool installation is progressing well, with ramp-up set to commence shortly, marking a significant step towards operational readiness.

Saatvik Solar’s Phase I manufacturing facility at Gopalpur has made substantial progress, with major construction and infrastructure works completed and equipment installation and testing activities advancing across the facility.

The company has also completed key power infrastructure milestones, with the dedicated 220 kV substation ready for charging. Manufacturing lines are progressing through the final stages of installation, testing, validation and process readiness, with the company moving towards the next stage of operations.

The cell line is on track for ramp-up shortly, marking a key step towards operational readiness, with the ALMM-II inspection planned for September—bringing the facility closer to full-scale commercialisation.

Commenting on the milestone, Mr. Prashant Mathur, CEO, Saatvik Green Energy Limited, said, “Odisha is more than a manufacturing milestone for Saatvik; it is a statement of our ambition. As our 2.4 GW cell and 4 GW module manufacturing lines move towards production, we are taking a decisive step towards building scale, strengthening integration and creating the foundation for our next phase of robust growth. India’s clean energy opportunity is enormous, and we intend to play a defining role in it. Our ambition is to build manufacturing capabilities that are globally competitive, technologically advanced and deeply aligned with India’s journey towards energy security and self-reliance. Building on the momentum of Phase I, we are advancing plans for a further 3.6 GW Phase II expansion at Gopalpur, which will significantly scale our integrated manufacturing footprint and strengthen our ability to meet the growing demand for domestically manufactured solar products. With Phase II targeted for commercial production by FY28, we are preparing for the next leap in scale. The future we see is one where India is not only a major consumer of clean energy, but a global manufacturing powerhouse for it. Saatvik is determined to help build that future by investing in capacity, technology and excellence today and creating a stronger, more resilient and more sustainable energy ecosystem for tomorrow.”

Alongside the progress of Phase I, Saatvik Solar is advancing plans for the next phase of development at Gopalpur, which will further scale its integrated manufacturing capabilities. The Phase II 3.6 GW cell capacity expansion is being planned to support the growing demand for domestically manufactured solar products and deepen the company’s presence across the solar value chain.

The company’s phased development at Gopalpur reflects its long-term approach towards building an integrated and technologically advanced solar manufacturing ecosystem, with a focus on scale, operational excellence, quality and supply chain resilience.

Saatvik Solar Industries Private Limited has signed a Memorandum of Understanding (MoU) with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL), Government of Odisha, for setting up a 3.6 GW Solar Cell Manufacturing Facility at Gopalpur in Ganjam district, Odisha.

The proposed facility marks an important step in Saatvik Solar’s plans to further expand its manufacturing capabilities in Odisha and contribute to the development of the state’s renewable energy manufacturing ecosystem. The project is also expected to create employment opportunities and support the development of the wider industrial ecosystem in the region.

The new facility will form part of Saatvik Solar’s broader manufacturing development at Gopalpur, where the company is already progressing with its Phase I integrated manufacturing facility. Phase I has achieved key construction and installation milestones and is now advancing towards commissioning. Tool installation is progressing well, with ramp-up set to commence shortly, marking a significant step towards operational readiness.

Saatvik Solar’s Phase I manufacturing facility at Gopalpur has made substantial progress, with major construction and infrastructure works completed and equipment installation and testing activities advancing across the facility.

The company has also completed key power infrastructure milestones, with the dedicated 220 kV substation ready for charging. Manufacturing lines are progressing through the final stages of installation, testing, validation and process readiness, with the company moving towards the next stage of operations.

The cell line is on track for ramp-up shortly, marking a key step towards operational readiness, with the ALMM-II inspection planned for September—bringing the facility closer to full-scale commercialisation.

Commenting on the milestone, Mr. Prashant Mathur, CEO, Saatvik Green Energy Limited, said, “Odisha is more than a manufacturing milestone for Saatvik; it is a statement of our ambition. As our 2.4 GW cell and 4 GW module manufacturing lines move towards production, we are taking a decisive step towards building scale, strengthening integration and creating the foundation for our next phase of robust growth. India’s clean energy opportunity is enormous, and we intend to play a defining role in it. Our ambition is to build manufacturing capabilities that are globally competitive, technologically advanced and deeply aligned with India’s journey towards energy security and self-reliance. Building on the momentum of Phase I, we are advancing plans for a further 3.6 GW Phase II expansion at Gopalpur, which will significantly scale our integrated manufacturing footprint and strengthen our ability to meet the growing demand for domestically manufactured solar products. With Phase II targeted for commercial production by FY28, we are preparing for the next leap in scale. The future we see is one where India is not only a major consumer of clean energy, but a global manufacturing powerhouse for it. Saatvik is determined to help build that future by investing in capacity, technology and excellence today and creating a stronger, more resilient and more sustainable energy ecosystem for tomorrow.”

Alongside the progress of Phase I, Saatvik Solar is advancing plans for the next phase of development at Gopalpur, which will further scale its integrated manufacturing capabilities. The Phase II 3.6 GW cell capacity expansion is being planned to support the growing demand for domestically manufactured solar products and deepen the company’s presence across the solar value chain.

The company’s phased development at Gopalpur reflects its long-term approach towards building an integrated and technologically advanced solar manufacturing ecosystem, with a focus on scale, operational excellence, quality and supply chain resilience.

Saatvik Solar Industries Private Limited has signed a Memorandum of Understanding (MoU) with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL), Government of Odisha, for setting up a 3.6 GW Solar Cell Manufacturing Facility at Gopalpur in Ganjam district, Odisha.

The proposed facility marks an important step in Saatvik Solar’s plans to further expand its manufacturing capabilities in Odisha and contribute to the development of the state’s renewable energy manufacturing ecosystem. The project is also expected to create employment opportunities and support the development of the wider industrial ecosystem in the region.

The new facility will form part of Saatvik Solar’s broader manufacturing development at Gopalpur, where the company is already progressing with its Phase I integrated manufacturing facility. Phase I has achieved key construction and installation milestones and is now advancing towards commissioning. Tool installation is progressing well, with ramp-up set to commence shortly, marking a significant step towards operational readiness.

Saatvik Solar’s Phase I manufacturing facility at Gopalpur has made substantial progress, with major construction and infrastructure works completed and equipment installation and testing activities advancing across the facility.

The company has also completed key power infrastructure milestones, with the dedicated 220 kV substation ready for charging. Manufacturing lines are progressing through the final stages of installation, testing, validation and process readiness, with the company moving towards the next stage of operations.

The cell line is on track for ramp-up shortly, marking a key step towards operational readiness, with the ALMM-II inspection planned for September—bringing the facility closer to full-scale commercialisation.

Commenting on the milestone, Mr. Prashant Mathur, CEO, Saatvik Green Energy Limited, said, “Odisha is more than a manufacturing milestone for Saatvik; it is a statement of our ambition. As our 2.4 GW cell and 4 GW module manufacturing lines move towards production, we are taking a decisive step towards building scale, strengthening integration and creating the foundation for our next phase of robust growth. India’s clean energy opportunity is enormous, and we intend to play a defining role in it. Our ambition is to build manufacturing capabilities that are globally competitive, technologically advanced and deeply aligned with India’s journey towards energy security and self-reliance. Building on the momentum of Phase I, we are advancing plans for a further 3.6 GW Phase II expansion at Gopalpur, which will significantly scale our integrated manufacturing footprint and strengthen our ability to meet the growing demand for domestically manufactured solar products. With Phase II targeted for commercial production by FY28, we are preparing for the next leap in scale. The future we see is one where India is not only a major consumer of clean energy, but a global manufacturing powerhouse for it. Saatvik is determined to help build that future by investing in capacity, technology and excellence today and creating a stronger, more resilient and more sustainable energy ecosystem for tomorrow.”

Alongside the progress of Phase I, Saatvik Solar is advancing plans for the next phase of development at Gopalpur, which will further scale its integrated manufacturing capabilities. The Phase II 3.6 GW cell capacity expansion is being planned to support the growing demand for domestically manufactured solar products and deepen the company’s presence across the solar value chain.

The company’s phased development at Gopalpur reflects its long-term approach towards building an integrated and technologically advanced solar manufacturing ecosystem, with a focus on scale, operational excellence, quality and supply chain resilience.

Hero Future Energies (HFE), the renewable energy arm of the Hero Group, has secured a 120 MW project under the Solar Energy Corporation of India’s (SECI) 1,000 MW Firm and Dispatchable Renewable Energy – Round-the-Clock (FDRE-RTC) auction, with the project awarded at a tariff of ₹5.25/kWh.

The project, to be developed through Hero Solar Energy, will be integrated with an energy storage system in accordance with the requirements of SECI’s FDRE-RTC tender. The project will be developed under a Power Purchase Agreement (PPA) with SECI and is expected to achieve commissioning within 24 months of PPA execution.

The auction, floated by SECI in March 2026, was conducted to procure 1,000 MW of FDRE-RTC power from ISTS-connected renewable energy projects integrated with energy storage systems. The 120 MW project will deliver firm, round-the-clock renewable power, demonstrating that clean energy can reliably meet baseload demand while offering a highly competitive tariff.  The project builds on HFE’s experience of working with SECI reflecting its continued participation in India’s evolving renewable energy landscape.

“As India’s energy landscape evolves, the ability to deliver reliable and sustainable renewable power will become increasingly important. This 120 MW project under SECI’s FDRE RTC-V tender reflects our continued focus on developing solutions that can combine reliability, affordability and sustainability. We are pleased to build on our experience of working with SECI and look forward to delivering another project that supports India’s net-zero ambitions,” said Srivatsan Iyer, Global CEO, Hero Future Energies

Over the past few years, HFE has strengthened its position as a leading clean energy player through investments in hybrid renewable projects, battery energy storage systems and green hydrogen initiatives. With a renewable energy portfolio of 7.2 GWp and 2.9 GWh of BESS, the company is actively developing and operating assets across solar and wind, with a growing focus on hybrid solutions, firm and dispatchable renewable energy (FDRE) and storage-led offerings that enhance reliability and grid responsiveness.

Hero Future Energies (HFE), the renewable energy arm of the Hero Group, has secured a 120 MW project under the Solar Energy Corporation of India’s (SECI) 1,000 MW Firm and Dispatchable Renewable Energy – Round-the-Clock (FDRE-RTC) auction, with the project awarded at a tariff of ₹5.25/kWh.

The project, to be developed through Hero Solar Energy, will be integrated with an energy storage system in accordance with the requirements of SECI’s FDRE-RTC tender. The project will be developed under a Power Purchase Agreement (PPA) with SECI and is expected to achieve commissioning within 24 months of PPA execution.

The auction, floated by SECI in March 2026, was conducted to procure 1,000 MW of FDRE-RTC power from ISTS-connected renewable energy projects integrated with energy storage systems. The 120 MW project will deliver firm, round-the-clock renewable power, demonstrating that clean energy can reliably meet baseload demand while offering a highly competitive tariff.  The project builds on HFE’s experience of working with SECI reflecting its continued participation in India’s evolving renewable energy landscape.

“As India’s energy landscape evolves, the ability to deliver reliable and sustainable renewable power will become increasingly important. This 120 MW project under SECI’s FDRE RTC-V tender reflects our continued focus on developing solutions that can combine reliability, affordability and sustainability. We are pleased to build on our experience of working with SECI and look forward to delivering another project that supports India’s net-zero ambitions,” said Srivatsan Iyer, Global CEO, Hero Future Energies

Over the past few years, HFE has strengthened its position as a leading clean energy player through investments in hybrid renewable projects, battery energy storage systems and green hydrogen initiatives. With a renewable energy portfolio of 7.2 GWp and 2.9 GWh of BESS, the company is actively developing and operating assets across solar and wind, with a growing focus on hybrid solutions, firm and dispatchable renewable energy (FDRE) and storage-led offerings that enhance reliability and grid responsiveness.

Hero Future Energies (HFE), the renewable energy arm of the Hero Group, has secured a 120 MW project under the Solar Energy Corporation of India’s (SECI) 1,000 MW Firm and Dispatchable Renewable Energy – Round-the-Clock (FDRE-RTC) auction, with the project awarded at a tariff of ₹5.25/kWh.

The project, to be developed through Hero Solar Energy, will be integrated with an energy storage system in accordance with the requirements of SECI’s FDRE-RTC tender. The project will be developed under a Power Purchase Agreement (PPA) with SECI and is expected to achieve commissioning within 24 months of PPA execution.

The auction, floated by SECI in March 2026, was conducted to procure 1,000 MW of FDRE-RTC power from ISTS-connected renewable energy projects integrated with energy storage systems. The 120 MW project will deliver firm, round-the-clock renewable power, demonstrating that clean energy can reliably meet baseload demand while offering a highly competitive tariff.  The project builds on HFE’s experience of working with SECI reflecting its continued participation in India’s evolving renewable energy landscape.

“As India’s energy landscape evolves, the ability to deliver reliable and sustainable renewable power will become increasingly important. This 120 MW project under SECI’s FDRE RTC-V tender reflects our continued focus on developing solutions that can combine reliability, affordability and sustainability. We are pleased to build on our experience of working with SECI and look forward to delivering another project that supports India’s net-zero ambitions,” said Srivatsan Iyer, Global CEO, Hero Future Energies

Over the past few years, HFE has strengthened its position as a leading clean energy player through investments in hybrid renewable projects, battery energy storage systems and green hydrogen initiatives. With a renewable energy portfolio of 7.2 GWp and 2.9 GWh of BESS, the company is actively developing and operating assets across solar and wind, with a growing focus on hybrid solutions, firm and dispatchable renewable energy (FDRE) and storage-led offerings that enhance reliability and grid responsiveness.

Hero Future Energies (HFE), the renewable energy arm of the Hero Group, has secured a 120 MW project under the Solar Energy Corporation of India’s (SECI) 1,000 MW Firm and Dispatchable Renewable Energy – Round-the-Clock (FDRE-RTC) auction, with the project awarded at a tariff of ₹5.25/kWh.

The project, to be developed through Hero Solar Energy, will be integrated with an energy storage system in accordance with the requirements of SECI’s FDRE-RTC tender. The project will be developed under a Power Purchase Agreement (PPA) with SECI and is expected to achieve commissioning within 24 months of PPA execution.

The auction, floated by SECI in March 2026, was conducted to procure 1,000 MW of FDRE-RTC power from ISTS-connected renewable energy projects integrated with energy storage systems. The 120 MW project will deliver firm, round-the-clock renewable power, demonstrating that clean energy can reliably meet baseload demand while offering a highly competitive tariff.  The project builds on HFE’s experience of working with SECI reflecting its continued participation in India’s evolving renewable energy landscape.

“As India’s energy landscape evolves, the ability to deliver reliable and sustainable renewable power will become increasingly important. This 120 MW project under SECI’s FDRE RTC-V tender reflects our continued focus on developing solutions that can combine reliability, affordability and sustainability. We are pleased to build on our experience of working with SECI and look forward to delivering another project that supports India’s net-zero ambitions,” said Srivatsan Iyer, Global CEO, Hero Future Energies

Over the past few years, HFE has strengthened its position as a leading clean energy player through investments in hybrid renewable projects, battery energy storage systems and green hydrogen initiatives. With a renewable energy portfolio of 7.2 GWp and 2.9 GWh of BESS, the company is actively developing and operating assets across solar and wind, with a growing focus on hybrid solutions, firm and dispatchable renewable energy (FDRE) and storage-led offerings that enhance reliability and grid responsiveness.