Jupiter Renewables is set to invest ₹2,700 crore to establish a solar cell manufacturing facility in Andhra Pradesh, becoming the third company to commence operations in the state, which is rapidly positioning itself as a leader in the production of solar modules and cells. Jupiter Renewables, a subsidiary of Kolkata-based Jupiter International, plans to construct a solar PV cell manufacturing plant with a capacity of 4.8 GW and a module manufacturing facility with a capacity of 1.5 GW at Rambilli in the Anakapalle district. This investment of ₹2,700 crore has been approved by an order from the industries and commerce department of the state government, facilitating the investment.
The project will be set up in two stages (Phase-1, 1504 crore rupees, and Phase-2, 1196 crore rupees), with the potential to create jobs for 2216 individuals, as stated in the order. It has been stated that phase-1 includes 2.4 GW of solar photovoltaic cell production and 1.5 GW of solar photovoltaic module manufacturing, which is set to be operational by March 2026. Additionally, phase-2 of the 2.4 GW solar cell facility is expected to be commissioned by July 2026.
Jupiter has become the third company to establish a solar manufacturing facility in the state, now competing with established leaders in the sector from Gujarat, Rajasthan, and Tamil Nadu. The state has experienced a massive surge in investments within the renewable energy sector since the N. Chandrababu Naidu administration assumed office last year. Earlier, Indosole obtained approval to invest Rs 69,000 crore in an integrated solar PV manufacturing facility.
Premier Energies is also making investments in the state in two distinct phases – the initial phase involves the manufacturing of 5 GW ingots and solar wafers with an investment of Rs 1,742 crores, while the subsequent phase focuses on the production of 8 GW solar cells with an investment of Rs 4,200 crores.
The report indicates that conversations are currently taking place with additional prominent solar power manufacturers. The move aligns with the state’s ambitious strategy to establish itself as a renewable energy centre, with the goal of attracting investments totaling ₹10 lakh crore and generating approximately 7.5 lakh jobs in the clean energy industry.
