Emmvee’s Arm Wins 4.5 GWp TOPCon Cell Order, Secures Land for 6 GW Solar Facility

Bengaluru-based Emmvee Energy Private Limited (EEPL) subsidiary, Emmvee Photovoltaic Power Limited, has entered into a supply agreement with a domestic buyer to supply TOPCon crystalline silicon photovoltaic cells with a contracted offtake of 4.5 GWp. In a regulatory filing, the company said the contracted order is expected to be executed between December 2025 and 2030.

Emmvee’s subsidiary has also extended ₹211.58 crore to Karnataka for a 6 GW integrated solar module and cell facility in Bengaluru. The latest order builds on Emmvee's previous 4,892 MW order secured in FY25, of which 15.8% were DCR orders. Its current order book stands at 5.07 GW as of Q2 FY26, providing healthy revenue visibility over the next 12–18 months.

These orders are spread across its diversified clients. Emmvee has secured 38.62% of orders from the Commercial and Industrial (C&I) segment and 43.28% from the Independent Power Producer (IPP) segment.

The company’s anticipated demand for domestic modules is expected to remain between 45 GW and 55 GW by FY30. Additionally, the company expects DCR modules to be the primary driver of domestic demand after the ALMM II norms take effect in June 2026. Its anticipated export share is expected to range between 25% and 32%.

Emmvee Gets Land for 6 GW Integrated Solar Facility

In a seperate announcement, Emmvee’s material subsidiary, Emmvee Energy Private Limited, has paid ₹211.58 crore to the Karnataka Industrial Areas Development Board (KIADB) towards land allotment for the proposed 6 GW integrated solar module and cell facility at Devanahalli, Bengaluru. With this, the subsidiary has completed all payments for the land allotment.

Emmvee's fifth module manufacturing facility, inaugurated earlier in 2025 at Sulibele near Bengaluru International Airport, added 2 GWp of photovoltaic (PV) module capacity. With the latest expansion, the company’s total PV module capacity has reached 6.6 GWp and its solar cell capacity has reached 2.5 GWp.