RAYZON Solar to Start Operations at 5.1 GW TOPCon Cell Plant in Dec
RAYZON Solar Limited (RSL), one of India’s leading solar module manufacturers, is set to commence operations at its 5.1 GW TOPCon solar cell manufacturing facility in December 2026. Initial deliveries from the facility are expected to begin in the first quarter of 2027, marking a major milestone in the company’s efforts to expand its manufacturing capabilities and strengthen backward integration.
The new facility will take RAYZON Solar beyond module manufacturing, enabling it to expand its presence across the solar value chain and contribute to India’s domestic solar manufacturing ecosystem. The company currently has an installed solar module manufacturing capacity of 11.3 GW.
Founded in 2017 by Chirag Nakrani and Hardik Kothiya, RAYZON Solar has been expanding its manufacturing operations through investments in advanced technologies and integrated infrastructure. Despite shifting its proposed funding strategy from IPO proceeds to debt financing amid market volatility, the company remains committed to its manufacturing expansion plans.
As part of its next phase of growth, RAYZON Solar is planning a 5.1 GW ingot casting and wafer slicing facility, targeted for development by 2028. The company is currently engaging with multiple states to evaluate incentives and identify a suitable location for the proposed project. The investment is aimed at strengthening domestic upstream manufacturing and reducing India’s dependence on imported solar manufacturing inputs.
Commenting on the company’s growth and future roadmap, Chirag Nakrani, Co-Founder, RAYZON Solar Limited, said, “The commissioning of our 5.1 GW TOPCon solar cell manufacturing facility in December 2026 will mark an important milestone in RAYZON Solar’s journey towards deeper backward integration.”
He adds, “As we advance our cell manufacturing plans, our next phase of expansion will focus on a proposed 5.1 GW ingot casting and wafer slicing facility, targeted for 2028. We are engaging with multiple states to assess incentives and finalise the location for this proposed investment.”
Hardik Kothiya, Co-Founder, RAYZON Solar Limited, added, “By expanding from modules into TOPCon cell manufacturing, and subsequently exploring upstream integration through ingot and wafer manufacturing, we aim to strengthen domestic capabilities, reduce import dependence and enhance our competitiveness in global markets.”
Complementing its manufacturing expansion, RAYZON Solar has completed a 19,800 MTPA aluminium extrusion and anodising unit for solar module frames, further expanding its domestic manufacturing footprint. Its research and development programme has also resulted in three patent filings over the past year, while work continues on tandem-junction technology and nano-coatings for next-generation solar modules, with targeted launches by 2028.
