Veda Solar has commenced commercial production of solar modules at its Surat, Gujarat, manufacturing facility, with capacities ranging from 550 MWp to 630 MWp.

The company aims to enhance its commercial and utility-scale portfolio.

Veda Solar said it combines 1.5 GW production capacity with TOPCon and bifacial technology. Its portfolio also includes monofacial, bifacial, black, and poly modules. Its manufacturing process incorporates advanced N-Type TOPCon technology.

The N-Type TOPCon modules have a claimed efficiency of 21% to 28.3%. Its bifacial modules are designed to capture 30% dual-sided generation.

India added nearly 119 GW of solar modules and over 9 GW of solar cell capacity in 2025, according to Mercom’s State of Solar PV Manufacturing in India 2026 report. Cumulative module manufacturing capacity reached approximately 210 GW, while cumulative cell capacity stood at roughly 27 GW by December 2025.

Meanwhile, the global solar industry is entering a decisive expansion phase, with photovoltaic manufacturing equipment investments projected to reach $250-$300 billion by 2035, and annual equipment spending is projected to rise from about $16.6 billion in 2025 to $43.8 billion by 2035. This growth is driven by solar’s rapid cost decline and expanding deployment, with photovoltaics already supplying more than 10% of global electricity in 2024 and expected to become the lowest-cost source of electricity in almost all regions by 2030.

The Union Budget 2026–27 has placed clean energy and manufacturing at the center of India’s growth strategy. The government reduced the effective duties on solar modules to 20%. This month, the Ministry of New and Renewable Energy expanded the Approved List of Models and Manufacturers by adding 20,044 MW of solar module capacity. The cumulative module manufacturing capacity under ALMM now stands at 193,143 MW.

This March, MNRE mandated that solar projects commissioned after June 1, 2028, must use modules, cells, and wafers sourced from the respective ALMM lists. Projects commissioned before this date will not be subject to wafer requirements, although existing obligations for modules and cells will continue to apply.