Q1. IB Solar is expanding rapidly in India’s solar manufacturing sector. What has been the company’s growth journey and key focus areas so far?
IB Solar’s growth journey has been driven by a strong commitment to quality manufacturing, technology advancement, and customer-centric solutions. Over the years, we have evolved from being a growing solar solutions provider to becoming one of India’s emerging integrated solar manufacturing companies. Our focus has consistently remained on delivering reliable and high-efficiency solar modules while strengthening our presence across utility-scale, C&I, and distributed solar segments.
In recent years, we have significantly expanded our manufacturing capabilities, product portfolio, and nationwide reach. We are also actively participating in large government-backed renewable energy initiatives, which reflects the growing trust in our technology and execution capabilities. Alongside module manufacturing, we are strategically focusing on energy storage, advanced solar technologies, and backward integration to create a stronger and more sustainable ecosystem.
Q2. IB Solar manufactures Mono PERC, bifacial, and N-type TOPCon modules. How do you see technology evolving in the
Indian solar module market?
The Indian solar industry is rapidly transitioning toward higher-efficiency technologies. While N-type TOPCon technology continues to hold significant market share, the industry is increasingly moving toward G-12 R technology due to their superior efficiency, lower degradation rates, better temperature coefficients, and higher energy yield.
We believe the future market will be driven by technologies that deliver maximum output with optimized land utilization and long-term performance reliability. Bifacial modules are also gaining strong traction in utility-scale projects because of their ability to enhance energy generation. Over the next few years, India will witness faster adoption of advanced cell architectures, automation-driven manufacturing, and AI-enabled quality control systems to improve product consistency and efficiency.
Q3. The company has announced plans to set up 2 GW solar cell production. What are the major challenges and opportunities in this expansion journey?
The company’s planned expansion into 2 GW solar cell manufacturing represents a major milestone in its growth and backward integration strategy. With an existing 1.8 GW solar module manufacturing capacity, the move into solar cell production will strengthen the company’s position as an integrated renewable energy manufacturer and enhance long-term competitiveness.
One of the biggest opportunities lies in the changing policy landscape of the Indian solar industry. The expected implementation of the Approved List of Cell Manufacturers (ALCM) post-June 2026 is likely to significantly increase demand for domestically manufactured solar cells. This creates a strong market opportunity for Indian manufacturers while supporting the country’s vision of reducing dependence on imported components and building a self-reliant solar ecosystem.
Backward integration into cell manufacturing will provide greater control over the supply chain, improve product quality consistency, and enhance cost optimization over time. It will also help ensure reliable availability of key components, reduce external supply risks, and strengthen the company’s ability to cater to large utility-scale, C&I, and government projects with integrated solutions.
Q4. IB Solar is also focused on LFP battery storage solutions. How important will energy storage be in accelerating renewable energy adoption in India?
Energy storage will play a transformational role in the next phase of India’s renewable energy transition. As solar and wind penetration increases, maintaining grid stability and ensuring reliable power availability become increasingly important. Battery Energy Storage Systems (BESS), particularly LFP-based technologies, will be critical for balancing demand and supply, peak load management, and improving renewable energy utilization.
In sectors such as C&I, telecom, residential backup, and utility-scale renewable integration, storage solutions are expected to witness substantial growth. We see energy storage not merely as a complementary technology but as an essential pillar of the future clean energy ecosystem. IB Solar is actively strengthening its battery storage portfolio to address this emerging demand with safe, efficient, and long-lasting solutions.
Q5. This year, we are witnessing a significant rise in Government tenders for Solar + BESS projects across India. How do you see this trend shaping the renewable energy sector?
The increasing focus on Solar + BESS (Battery Energy Storage Systems) projects reflects the next phase of India’s renewable energy transition. While solar power generation is available during daytime, DISCOMs and utilities require reliable round-the-clock power to effectively manage peak electricity demand, especially during evening and night hours. This is where BESS plays a critical role by storing excess solar energy and supplying it when demand is high.
The growing number of government tenders indicates a strong push toward grid stability, energy reliability, and higher renewable energy integration. Solar + BESS solutions will be instrumental in reducing dependency on conventional power sources and enabling a more sustainable and resilient energy infrastructure across India.
Additionally, falling battery costs and supportive government policies are accelerating adoption of energy storage solutions in both utility-scale and commercial applications. BESS will also help reduce grid fluctuations, improve power quality, and optimize energy utilization. As renewable energy penetration increases, storage systems will become essential for balancing supply and demand efficiently. This trend is expected to create significant opportunities for manufacturers, EPC companies, and technology providers within India’s clean energy ecosystem.
Q6. What has been IB Solar’s most significant project achievement during the last financial year?
One of IB Solar’s key achievements during the last financial year has been its involvement in a 100 MW ground-mounted solar project in the Nagaur district of Rajasthan. The project represents a significant step in strengthening the company’s presence in the utility-scale solar sector and showcases its capability in handling large renewable energy projects.
The first phase of the project, comprising 20 MW installation, has already been successfully completed and commissioned. The project utilizes IB Solar’s high-efficiency ground-mounted solar panels designed to deliver reliable performance, durability, and optimized energy generation in demanding climatic conditions.
This project highlights IB Solar’s focus on supporting India’s growing renewable energy infrastructure through quality manufacturing and large-scale project participation. It also demonstrates the company’s ability to cater to increasing demand from utility-scale developers seeking dependable and high-performance solar solutions.
With the rapid expansion of utility-scale solar projects across the country, IB Solar aims to further strengthen its footprint in the segment by delivering technologically advanced and reliable solar products. The successful execution of this project reinforces the company’s commitment toward accelerating India’s clean energy transition and contributing to the nation’s sustainable development goals.
Q7. Looking ahead, what is IB Solar’s long-term vision for supporting India’s renewable energy and clean power goals by 2030?
IB Solar’s long-term vision is to become a leading integrated clean energy solutions provider, contributing meaningfully to India’s renewable energy transformation. By 2030, we aim to strengthen our manufacturing footprint, expand advanced solar and storage technologies, and support large-scale adoption of sustainable energy solutions across sectors.
We envision playing a significant role in supporting India’s ambitious renewable energy targets through innovation, domestic manufacturing, quality-focused products, and customer-centric energy solutions. Our strategy is centered around creating scalable, future-ready technologies that not only support clean power generation but also contribute to energy security, sustainability, and economic growth for the country.
