Agastya Green Energy Unveils ₹7,800 Crore Integrated Solar Project in Andhra Pradesh

#RenewableEnergy #SolarManufacturing #AgastyaEnergy #CleanEnergyIndia #MakeInIndia #SolarPV #AtmaNirbharBharat #AndhraPradesh #GreenEnergy #EnergySecurity

“The global energy transition is creating a strong need for resilient, scalable and globally competitive solar manufacturing. This expansion will strengthen Agastya Energy’s capabilities across ingots, wafers, cells and modules. It marks an important step towards establishing India as a leading hub for clean energy manufacturing.” - Bernhard Rack, CEO, Agastya Energy

August 2026 : Agastya Green Energy Limited, part of the Anubhav Agarwal Group (AAG), announced a massive ₹7,800 crore expansion into integrated solar ingot and wafer manufacturing. Located in the Orvakal Industrial Area of Kurnool, Andhra Pradesh, the project will establish a 12 GW capacity for both ingots and wafers, complementing the company's existing solar cell and module capabilities.

The expansion aims to deepen India's domestic solar photovoltaic (PV) value chain, creating over 3,500 local employment opportunities while reducing import dependence. The commencement was marked by an official Pooja ceremony, signaling the start of a project designed to establish a globally competitive manufacturing platform in India.

Highlighting the vision behind the investment, Mr. Anubhav Agarwal, Chairman, AAG (Anubhav Agarwal Group), said: “At AAG, our focus is on building businesses that contribute meaningfully to India’s growth and advance our vision to empower India’s journey towards energy security. Our ₹7,800 crore investment in Agastya Energy reflects our long-term conviction in India’s energy transition and our commitment to building globally competitive manufacturing capabilities at scale. We believe that strengthening domestic manufacturing will be critical to meeting India’s growing energy needs, reducing import dependence and creating a resilient energy ecosystem for the decades ahead.”

“We are grateful to the Government of Andhra Pradesh for its continued support and commitment to fostering a conducive environment for large-scale manufacturing and renewable energy investments. We extend our sincere appreciation to Shri N. Chandrababu Naidu, Hon. Chief Minister of Andhra Pradesh; Shri Nara Lokesh, Hon. Minister of Human Resources Development, Information Technology, Electronics & Communication, Real Time Governance of Andhra Pradesh; and Shri T. G. Bharath, Hon. Minister of Industries, Commerce and Food Processing. Their leadership, vision and encouragement have been instrumental in advancing industrial growth, strengthening investor confidence and enabling transformative projects that contribute to India’s clean energy future.”

Emphasizing the operational impact on the value chain, Mr. Piyush Bichhoriya, Director, Agastya Energy, stated: “The expansion into Ingot and Wafer manufacturing marks a critical upstream pillar of Agastya Energy’s integrated solar manufacturing strategy, complementing our solar cell and module capabilities and strengthening our end-to-end PV value chain. It will deepen our presence across the solar ecosystem, drive greater domestic value addition, and create synergies across manufacturing, IPP and EPC. As we scale, our focus remains on efficient execution and building a future-ready platform to support India’s growing renewable energy needs. In many ways, this is our contribution to Powering the Age of India.”

Adding a global perspective to the initiative, Mr. Bernhard Rack, CEO, Agastya Energy, noted: “The global energy transition is creating a strong need for resilient, scalable and globally competitive solar manufacturing. This expansion will strengthen Agastya Energy’s capabilities across ingots, wafers, cells and modules. It marks an important step towards establishing India as a leading hub for clean energy manufacturing.”

The new mega-facility directly aligns with the Ministry of New and Renewable Energy’s (MNRE) ALMM framework updates, reinforcing national initiatives like Make in India and Atmanirbhar Bharat as the country scales its renewable energy targets.

Pro MFG Media Newsletter

Get regular manufacturing insights that matter and enable business.