In order to take advantage of the renewable energy growth in India, solar module manufacturer Jakson Group intends to diversify into the production of electricity.
According to Chairman Sameer Gupta in an interview, Jakson, a company situated on the outskirts of New Delhi, aims to have 5 gigawatts of electricity capacity by 2030. He estimated that the power plan will cost 250 billion rupees ($3 billion).
According to Gupta, the company now produces modules and completes turnkey projects to create renewable energy projects; its entry into the power production industry will enable it to access the whole value chain of the industry.
India’s ambitious goal of putting in 500 gigawatts of sustainable energy capacity by 2030 is what the company is relying on. While local and international energy tycoons, including Gautam Adani and Mukesh Ambani, have expressed interest in the initiative, the pace of installations has fallen far short of that goal, and the government has developed a strategy to more than triple project auctions.
Gupta declared, “We want to take part in this expansion. According to him, the business possesses the execution and design skills necessary to enter the generation market.
In the meantime, Jakson plans to develop a 1 gigawatt cells-to-module factory in a different location and is on track to quadruple its capacity for making modules to 1.2 gigawatts over the coming months, according to Gupta.
