Grew, Jakson, Saatvik & Jupiter Get Nod For Solar Cell Plants In Odisha

The Odisha government has approved significant investment plans from leading solar companies, solidifying its position as a rising hub for solar cell manufacturing in India after Gujarat. This comes after several solar companies have already shown their interest to invest in the state for solar cell manufacturing. 

At a recent High-Level Clearance Authority (HLCA) meeting, chaired by Chief Minister Mohan Charan Majhi, the state granted approval for four solar companies to establish cell manufacturing facilities in the state.

State approvals for four firms

The state panel approved the plans of companies—Grew Energy, Jakson Engineers, Saatvik Solar, and Jupiter International. These firms are set to invest heavily in the coastal state. Here's a breakdown of their plans:

1. Grew Energy:
   • Investment: ₹4,530 crore
   • Location: Ganjam
   • Facilities: Ingot, wafer, solar cell, and solar module manufacturing plant
2. Saatvik Solar:
   • Investment: ₹1,366.56 crore
   • Location: Khurda district
   • Facilities: Solar cell and module manufacturing plant
3. Jakson Engineers:
   • Investment: ₹1,354.40 crore
   • Location: Khurda district
   • Facilities: Dedicated solar cell manufacturing plant
4. Jupiter Renewables:
   • Investment: ₹2,000 crore
   • Location: Khurda district
   • Facilities: Solar cell and module manufacturing plant
     [caption id="attachment_92336" align="aligncenter" width="620"]
     Grew, Jakson, Saatvik & Jupiter Get Nod For Solar Cell Plant In Odisha
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Odisha's Expanding Solar Ecosystem

With these new approvals, the total number of solar companies setting up manufacturing units in Odisha has risen to seven. Alongside these four firms, other companies such as Waaree Energies, AMPIN Energy Transition, and Icon Solar-En are also exploring opportunities in the state. Icon Solar-En is reportedly deciding between Odisha and Chhattisgarh for its operations.

Solar Cell Manufacturing: Gujarat To Take The Lead, Odisha New Entrant

Odisha-A Preferred Destination?

Odisha is quickly gaining prominence as a solar manufacturing hotspot, second only to Gujarat. The state's pro-solar policies, including capital incentives, exemptions from power and stamp duties, and workforce-related benefits like PF and ESI support, make it an attractive destination for investors. Additional advantages include lower land costs and affordable labor.

As India ramps up its solar ambitions, Odisha's strategic policies and favorable business environment position it as a crucial player in the nation’s renewable energy landscape.