In a major breakthrough for India’s renewable energy sector, Inox Solar, part of the INOXGFL Group, has signed a ₹7,000 crore agreement with Longi Green Energy Technology, one of China’s leading solar energy companies.
Under this landmark deal, Inox Solar will supply 5 gigawatts (GW) of solar modules to Longi over the next three years. The agreement not only reinforces India’s growing manufacturing strength but also marks a significant step in India’s entry into China’s solar market — traditionally dominated by Chinese manufacturers.
Boost to India’s Solar Manufacturing Capabilities
According to a report in The Economic Times, Longi Green Energy will purchase solar modules from Inox Solar for projects in the Indian market. As part of the collaboration, Longi will share its technical expertise and global quality standards with Inox to ensure internationally certified production.
The deal comes as India accelerates efforts to reduce its dependence on imported solar modules, with domestic manufacturing capacities expanding rapidly.
Inox Solar’s Expansion and New Facilities
Inox Solar recently launched a 1.2 GW solar module plant in Bavla, near Ahmedabad, which will be expanded to 3 GW in the next phase. The company is also developing a massive 4.8 GW solar cell and module manufacturing facility in Dhenkanal, Odisha, expected to be a game-changer for India’s renewable manufacturing sector.
These developments place Inox among the leading players contributing to India’s goal of becoming a global solar manufacturing hub.
IPO Plans and Industry Outlook
Inox Solar’s parent company, Inox Clean Energy, is preparing to go public with an initial public offering (IPO) likely in the fourth quarter of FY2025–26. The company aims to strengthen its position in India’s fast-growing clean energy manufacturing market.
At present, India’s solar module production capacity exceeds 100 GW, while solar cell manufacturing stands at around 27 GW, expected to rise to 40 GW by the end of the year.
Experts view the Inox–Longi partnership as a milestone for India’s renewable energy ambitions, positioning the country as an emerging leader in the global solar supply chain.
Originally published on newsworldstime.com.
Originally published on 24×7-news.com.
