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Solarworld approved a 50:50 JV with Rays Power to develop a 2.4GW TOPCon cell plant in Madhya Pradesh, committing up to ₹100 crore equity and ₹320 crore loan. It plans to redirect ₹420 crore of IPO proceeds from KSPL’s 1.2GW project; production targets June 2027, subject to shareholder approval.
Solarworld Energy Solutions Commits ₹420 Crore To 2.4 GW Solar Cell JV
Solarworld Energy Solutions Forms ₹420 Crore 2.4 GW Solar Cell JV
Solarworld Approves ₹420 Crore Rays Green JV For 2.4 GW Cell Plant