Jupiter International has signed a Memorandum of Understanding with the Government of Odisha to establish a photovoltaic solar cell and module manufacturing unit in Khordha. The company will invest Rs 20.05 billion through its subsidiary, Jupiter Renewables, to develop the facility, which will have an annual production capacity of 4,200 MW for solar cells and 3,600 MW for modules.
In the same month, Jupiter International announced plans to invest Rs 65 billion over the next three years to expand its solar manufacturing capabilities to 3 GW for wafers, 9.4 GW for solar cells, and 6 GW for module assembly, in order to meet increasing market demand for solar solutions while achieving full control over its manufacturing value chain.
