In a significant step towards bolstering India’s renewable energy sector Jupiter International has signed a Memorandum of Understanding (MoU) with the Odisha government to invest INR 2,005 crore in setting up a state-of-the-art solar manufacturing facility in the state. The agreement was signed during the Utkarsh Odisha – Make in Odisha Conclave 2025 highlighting Odisha’s growing prominence as a hub for industrial and renewable energy projects.
Jupiter International Key Highlights of the Investment:
- Investment: INR 2,005 crore through Jupiter Renewables, a subsidiary of Jupiter International.
- Production Capacity:
✅ Solar Cells: 4.2 GW annually
✅ Solar Modules: 3.6 GW annually - Location: Odisha
Jupiter International Vision for a Sustainable Future:
The new facility aims to create a fully integrated solar manufacturing ecosystem in India, supporting the country’s clean energy transition. By producing advanced solar cells and modules, Jupiter International will strengthen the domestic supply chain and reduce reliance on imports.
Statement from Jupiter International:
Alok Garodia, Managing Director of Jupiter International, said, “This investment marks a major milestone in our vision to build a fully integrated solar manufacturing ecosystem in India. By integrating advanced solar cell and module manufacturing, this facility will help strengthen and create a sustainable supply chain that supports India’s clean energy transition.”
Jupiter International Expansion Plans:
This initiative is part of Jupiter International’s broader strategy to expand its solar manufacturing capabilities. Over the next three years, the company aims to achieve:
✅ 3 GW of wafer capacity
✅ 9.4 GW of solar cell capacity
✅ 6 GW of module production
Currently, Jupiter International operates a 1 GW manufacturing facility in Himachal Pradesh, which has been a cornerstone of its operations.
Impact on Odisha and India’s Renewable Energy Goals:
The new facility in Odisha is expected to:
✅ Create employment opportunities and boost the local economy.
✅ Enhance India’s self-reliance in solar manufacturing.
✅ Support the country’s ambitious renewable energy targets, including the goal of achieving 500 GW of renewable energy capacity by 2030.