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Fujiyama Commissions 2 GW Solar Module Manufacturing Plant in Madhya Pradesh

The facility will also manufacture batteries and inverters

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Rooftop solar solutions company Fujiyama Power Systems has commissioned a 2,000 MW solar module manufacturing facility in Ratlam, Madhya Pradesh.

In addition to solar modules, the facility will manufacture batteries and inverters.

The facility is part of Fujiyama’s large-scale greenfield manufacturing expansion project. With this project, the company aims to strengthen its integrated solar manufacturing capabilities.

According to Fujiyama, the manufacturing facility will initially have an annual capacity of approximately 1,000 MW under single-shift operation, with a planned gradual, phased ramp-up. The manufacturing capacity is expected to ramp up through double-shift operations, achieving full capacity utilization by the fourth quarter (Q4) of the financial year (FY) 2027.

After commissioning the Ratlam facility, the company’s total solar module manufacturing capacity increased to 3,568 MW.

Commissioning timelines for the power electronics and battery manufacturing capacities at the new facility were delayed due to Fujiyama’s incorporation of advancements in lithium-ion battery technology to maintain the products’ relevance and competitiveness. Certain geopolitical developments also affected the supply timelines during the product execution phase.

Fujiyama stated that such issues were largely addressed, with the facility already receiving the necessary machinery for the inverter manufacturing line, which is scheduled to be commissioned in Q1 FY 2027. It has ordered machinery for the battery manufacturing line, with commissioning scheduled for Q2 FY 2027.

The company has also commissioned 1 GW of Mono PERC solar cell capacity in Dadri, Uttar Pradesh. An additional 1.2 GW of TOPCon solar cell capacity is under expansion.

This April, Fujiyama approved the acquisition of an additional 31% equity stake in Zayo Energy and Zayo Cables. Delhi-based Zayo Energy manufactures solar panel components, including ethylene vinyl acetate sheets, junction boxes, and backsheets. Zayo Cables manufactures electrical and electronic wires and cables, including insulated wires made of steel, copper, and aluminum.

Last November, Fujiyama debuted on the BSE and the National Stock Exchange after its initial public offering of ₹8.28 billion (~$93.5 million) was oversubscribed 2.14 times.

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