Agastya Energy launches ₹78 billion solar ingot and wafer project in Andhra Pradesh

Agastya Green Energy has initiated a ₹78 billion expansion project in Kurnool, Andhra Pradesh, to build a 12 GW integrated solar ingot and wafer manufacturing unit. The venture aims to enhance India's upstream photovoltaic supply chain, creating over 3,500 local jobs.

Agastya Green Energy Ltd, a subsidiary of the Anubhav Agarwal Group, has broken ground on a ₹78 billion integrated solar manufacturing plant located in the Orvakal Industrial Area of Kurnool, Andhra Pradesh. The new facility will establish an annual production capacity of 12 GW for both solar ingots and wafers. This strategic expansion complements the firm's existing solar cell and module production infrastructure, creating a vertically integrated supply chain at a single location.

Agastya Green Energy Ltd is an Indian renewable energy equipment manufacturer operating under the Anubhav Agarwal Group umbrella. The company focuses on expanding domestic photovoltaic production infrastructure across the solar value chain, spanning upstream component fabrication to downstream module assembly.

This capital deployment addresses a critical bottleneck in India's solar manufacturing ecosystem, which has historically depended heavily on imported ingots and wafers. By building substantial upstream capacity domestically, the project reduces import dependencies, strengthens domestic value addition, and aligns with national energy security objectives. Furthermore, the development is projected to generate more than 3,500 direct and indirect employment opportunities in the region.

The establishment of large-scale ingot and wafer production in Andhra Pradesh significantly bolsters the broader renewable energy and industrial manufacturing landscape. The initiative expands the state's industrial footprint while accelerating India's broader clean energy transition targets. Enhanced domestic availability of foundational solar components offers downstream solar cell and module manufacturers greater supply chain resilience against global trade disruptions and price volatility.

For institutional investors and clean technology stakeholders, the integrated manufacturing model enhances operational efficiency and margin control by capturing value across multiple production stages. Vertically integrated facilities reduce logistics costs and procurement lead times, improving long-term cost competitiveness. As India continues to expand its solar generation deployment, localized wafer and ingot capacity provides strategic advantages for domestic developers seeking reliable, locally sourced components.