SBLEO Renewable announces 1.2 GW solar fab near Ahmedabad aligning with India’s renewable manufacturing push.
Key Project Highlights
✅ 1.2 GW annual production capacity (Modules & cells)
✅ Location: Ahmedabad, Gujarat (Exact site TBA)
✅ Investment: Estimated ₹800–1,000 crore
✅ Timeline: Commissioning expected by mid-2026
✅ Focus: High-efficiency monocrystalline PERC/TOPCon technologies
Strategic Implications
Market Context
- Domestic Demand: Supports India’s 30 GW annual solar target
- Export Potential: Targets Middle East/African markets
- Policy Boost: ALMM list reinstatement favors local manufacturers
Competitive Edge
✔ Proximity to Mundra Port for raw material imports/export logistics
✔ Gujarat’s existing solar ecosystem (Waaree, Vikram Solar, Adani)
✔ Potential PLI Scheme eligibility for tech upgrades
Industry Outlook
- India’s module capacity: ~38 GW (2025) → 60 GW by 2027
- Gujarat’s role: Accounts for 28% of India’s solar manufacturing