Alpex Solar has expanded into solar cell manufacturing with a 1.6GW plant. The proposed facility will be located in the city of Mathura which is in the northern state of Uttar Pradesh.

Alpex’s foray into solar cells will be carried out gradually in three phases. The first one will add 500MW of cell capacity by October 2025, before reaching 1GW in April 2025 and up to 1.6GW of annual nameplate capacity in September 2026.

Investment in building the solar cell plant will be INR6.42 billion (US$76 million) and be financed through banks and financial institutions, internal accruals and equity infusion.

On top of its solar cell plans, the company is currently increasing its module annual nameplate capacity – which sits at 450MW – across two plants in India.

One of the plants will also be located in Mathura, and will have a 1.2GW annual nameplate capacity, while the second plant, also with 1.2GW of module capacity, will be located in Greater Noida, near New Delhi.