Key Takeaways
- Saatvik Green Energy has secured a Rs 171.45-crore order for solar modules for a significant utility-scale project.
- The order comprises advanced TOPCon Bifacial Glass-Glass Solar PV Modules, enhancing energy output by generating power from both sides.
- CEO Prashant Mathur emphasized the significance of supplying modules for a major domestic independent power producer at a key solar site in India.
Order for Advanced Solar Modules
Saatvik Green Energy, a prominent player in India’s solar energy sector, announced on Tuesday that it has received an order worth Rs 171.45 crore for the supply of solar modules intended for a utility-scale solar project. The modules being supplied are the latest-generation TOPCon Bifacial Glass-Glass Solar PV Modules. This innovative technology is designed to harness solar energy from both sides of the panel, significantly improving the overall energy output compared to traditional solar modules.
In a company statement, Saatvik Green Energy confirmed the acceptance of the order from a domestic independent power producer. Prashant Mathur, CEO of Saatvik Green Energy, remarked on the importance of this endorsement, stating, “Being selected to supply modules for a domestic independent power producer of this magnitude at one of India’s most important solar sites is a meaningful endorsement of what we have built.”
The company is recognized as one of India’s leading manufacturers of solar photovoltaic modules. Its extensive operations cover various segments, including utility-scale, commercial and industrial applications, engineering, procurement, and construction (EPC), as well as distributed solar solutions.
Saatvik operates a sizable manufacturing facility in Ambala, Haryana, with a capacity of 4.8 GW for module production. Additionally, the company is in the process of developing an integrated greenfield manufacturing facility in Odisha, which aims to achieve a module capacity of 4 GW alongside a solar cell capacity of 4.8 GW. This expansion underscores Saatvik Green Energy’s commitment to enhancing its production capabilities and contributing to India’s renewable energy goals.
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