Luminous Invests ₹1.2 Billion in Solar Module Facility in Uttarakhand

The 250 MW facility will produce N-type and TOPCon modules

April 1, 2024


Luminous Power Technologies inaugurated a 250 MW solar module manufacturing facility in Rudrapur, Uttarakhand. The fully automated 10-acre plant built with an initial investment of ₹1.2 billion (~$14.4 million) is expandable up to 1 GW capacity, the company said.

The launch marks a strategic shift for Luminous from being just a maker of solar inverters and batteries to now manufacturing solar modules. The company also claims to be the only Indian firm that can design and build complete solar power generation systems.

Luminous aims to double its growth in three years. The facility will produce polycrystalline, monocrystalline, N-type, and TOPCon solar panels with adaptability ranging from 5BB to 16BB configurations for residential, commercial, and agricultural needs.

“Solar will be a significant part of our business, and we see it as a major growth enabler as we aim to double our growth in the next three years,” said Preeti Bajaj, CEO of Luminous. The company has partnered with Australia’s University of New South Wales for solar module technology development.

Although fully automated, the company said the facility is expected to “employ hundreds of workers directly and indirectly, including those involved in production, maintenance, administration, and support services.”

The solar solutions ecosystem will also be integrated with its Connect X App, offering information on real-time energy consumption and monitoring, solar energy generation, and inverter performance.

The company added that the launch aligns with the government’s ‘Make in India’ mission and the recently announced ‘PM Surya Ghar: Muft Bijli Yojana’ solar program.

Luminous also launched an immersive Experience Center at the plant to showcase its solar ecosystem approach integrating connected energy solutions.

India added 20.8 GW of solar modules and 3.2 GW of solar cell capacity in calendar year 2023, according to the recently released State of Solar PV Manufacturing in India 2024 report by Mercom India Research.