Alpex Solar Limited has announced plans to manufacture solar cells. The plant for this will be located in Kosi Kotwan, Mathura, Uttar Pradesh. It will have a 1.6 GW capacity and will be developed at an estimated cost of Rs 6.42 billion. The project will be completed in three phases. In the first phase, 500 MW will come on stream by October 2025.
The rest of the phases will be completed by April 2026 and September 2026, respectively. The solar cell plant will be installed on the same premises as its manufacturing plant. The budget and expense for this project will be met through banks, financial institutions, internal accruals, and equity infusion.
In September 2024, Alpex Solar announced their decision to increase its photovoltaic solar capacity to 2.4 GW by 2026. The capacity addition will be in Kosi Kotwan, Mathura, Uttar Pradesh. In April 2024, Alpex Solar had received orders from the Jharkhand Renewable Energy Development Agency for the provision, setup, and initiation of 500 solar water pumping systems under PM-KUSUM.
