Agastya Energy to Invest Rs 7,000 Cr in 10 GW Integrated Solar Manufacturing Facility in Andhra Pradesh

Agastya Energy Industries Pvt. Ltd. has announced plans to establish an integrated 5 GW solar cell and 5 GW solar module manufacturing facility in Kurnool district, Andhra Pradesh, with a total investment of Rs 7,000 crore.

The mega project will be developed in two phases and is set to become one of India’s largest end-to-end solar manufacturing facilities, reinforcing the nation’s ambitions of becoming a global clean energy hub.

Aligned with the Government of India’s Make in India and Atmanirbhar Bharat initiatives, the facility will help strengthen domestic solar supply chains, reduce import dependence, and contribute to India’s target of achieving 500 GW of renewable energy capacity by 2030.

Construction and commissioning will commence after the completion of regulatory approvals and land allocation. Once operational, the project is expected to create significant employment opportunities and bolster India’s solar manufacturing ecosystem.

The Kurnool unit will deploy next-generation TOPCon Bifacial Technology across cell manufacturing, integrated with module lines to deliver high-efficiency, high-reliability products. Compared with conventional PERC, TOPCon Bifacial enables higher conversion efficiency, superior bifacial performance, enhanced temperature tolerance, and lower degradation, ensuring greater energy yield across diverse Indian climatic conditions.

Bernhard Rack, Chief Executive Officer, Agastya Energy Industries, said, “Our Kurnool facility represents a decisive step in advancing India’s solar manufacturing capabilities. We are creating a technologically advanced, environmentally responsible, and globally competitive production base that sets new benchmarks in efficiency, reliability, and sustainability.”

Gaurav Tripathi, Director, Agastya Energy Industries, said, “This investment underscores our long-term commitment to India’s clean-energy goals. Beyond manufacturing, the project will drive skilled employment, deepen the indigenous value chain, and catalyze partnerships across the solar ecosystem in Andhra Pradesh.”

Developed over approximately 120 acres in two phases, the project is expected to attract component and materials suppliers, spur local industrial growth, and position Andhra Pradesh as a leading destination for renewable-energy manufacturing and green investment.