RAYZON Solar to Commission 5.1 GW TOPCon Solar Cell Plant in December 2026; 5.1 GW Ingot and Wafer Facility Planned by 2028
RAYZON Solar Limited will commence operations at its 5.1 GW TOPCon solar cell manufacturing facility in December 2026. Initial deliveries are expected in the first quarter of 2027. The source does not state the plant location or investment size.
The company currently has 11.3 GW of installed solar module manufacturing capacity. The new plant extends its operations from modules into solar cell production, as part of backward integration.
RAYZON has shifted its financing strategy from IPO proceeds to debt funding amid market volatility. It remains committed to its expansion plans.
The company plans a 5.1 GW ingot casting and wafer slicing facility by 2028. It is evaluating incentives across multiple states to finalise the location.
RAYZON has completed a 19,800 MTPA aluminium extrusion and anodising unit for solar module frames. It is also developing tandem-junction technology and nano-coatings for next-generation modules, with commercial launches targeted for 2028.
