India’s solar sector is witnessing remarkable growth, with Goldi Solar emerging as a leading force. It has secured a significant Rs 137.5 crore investment from Zerodha co-founder Nikhil Kamath—a strong vote of confidence in Goldi’s vision and India’s renewable energy potential. This development was first reported by The Economic Times.
Expanding Manufacturing Capacities
Goldi Solar is rapidly expanding beyond photovoltaic module manufacturing into large-scale solar cell production. Founded in 2011 by Ishverbhai Dholakia, the company has increased its module manufacturing capacity dramatically over the past year, scaling up from 3GW to 14.7GW annually. This rapid growth is driven by rising domestic demand, supportive government policies, and a growing export presence across multiple countries.
With plans to establish one of India’s largest solar cell factories by 2026, Goldi is focused on strengthening its supply chain through backward integration, boosting both technological independence and production scale.
Leveraging Advanced AI Technologies
Innovation lies at the core of Goldi Solar’s manufacturing strategy. Its new facility in Surat features India’s first AI-powered solar manufacturing line, where automation and machine vision work hand-in-hand for superior quality control, defect detection, and process efficiency. This cutting-edge setup allows Goldi to produce high-efficiency solar modules equipped with advanced cell technologies, positioning it competitively for both domestic and international markets.
Driving Solar Projects and Social Impact
Goldi Solar also offers EPC services, having completed thousands of solar projects across India, and is working toward launching a large-scale 1GW solar park. The company is committed to powering rural communities through renewable energy, achieving full solar energy independence in villages and setting new standards in social responsibility.
Additionally, Goldi focuses on workforce development by training and employing thousands of skilled workers and supporting community programs in education and nutrition.
Strategic Partnerships for Growth
Key corporate partners are backing Goldi Solar’s ambitious growth. Notably, Havells India has invested heavily, recognizing Goldi as a vital partner in India’s evolving solar ecosystem. These alliances underline Goldi’s rising stature as a cornerstone of India’s clean energy manufacturing landscape.
Aligning With National Renewable Goals
Goldi Solar’s expansion aligns perfectly with India’s goal of achieving 280GW solar capacity by 2030 and the government’s net-zero emissions target by 2070. Benefiting from incentive schemes and policy support, Goldi is well positioned to meet the surging demand for clean energy solutions.
“India has a huge opportunity to build world-class renewable energy companies on home soil,” says Kamath. “Supporting pioneers like Goldi Solar is essential to fast-track the country’s move to clean energy.”
The Road Ahead
Armed with advanced technology, fresh capital, and a clear vision, Goldi Solar is not only scaling rapidly but also shaping India’s solar energy future. As the country advances toward becoming a global renewable energy leader, Goldi is poised to play a central role in powering this green transformation.
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