Insolation Energy Ltd., a leading player in the solar panel module manufacturing industry, reported a 150% year-on-year (YoY) growth in production volumes. Despite a drop in module and solar cell prices, the company successfully maintained and even expanded its profit margins, thanks to a solid business model and operational efficiency.
Key highlights from the company’s latest business update include:
- The company is planning to add an additional 3GW of solar module manufacturing capacity, bringing the total capacity to 4GW by FY25.
- They are also expanding into Aluminium frame manufacturing, targeting a capacity of 12,000 MT by the same period.
- By FY26, Insolation Energy plans to establish a 1.5GW solar cell manufacturing facility.
- Over the next three years, the company aims to reach 6.5GW of solar module capacity and 3GW of solar cell manufacturing capacity.
- Their ambitious target is to cross $1 billion in revenue while maintaining 10%+ profit after tax (PAT) margins.
Insolation Energy’s growth strategy reflects the growing demand for renewable energy solutions and the company’s ability to adapt and thrive despite market challenges.
TOPICS:
Insolation Energy