Solar Cell Maufacturer
Submission Ready Indicators
About this opportunity
We are scaling domestic solar cell manufacturing to serve growing demand across both on-grid and off-grid power generation markets.
Our Phase 1 production capacity of 1.2 GW is already 100% sold out through two "Take or Pay" procurement offtake agreements totaling $160 million USD. This validated demand provides immediate revenue visibility and fully de-risks our initial operational phase.
Our business model maximizes financial returns by leveraging strong government policy support in India:
Production Linked Incentive (PLI): Secures 5 years of performance-based financial incentives tied to module efficiency, domestic value addition, and incremental sales.
State Subsidies: Delivers up to a 20% capital subsidy alongside discounted power, water, and utility rates.
By pairing fully committed offtake demand with powerful state and national financial incentives, our facility offers a de-risked investment opportunity positioned for long-term global competitiveness.
Five-year projections
All figures in USD| USD | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|
| Turnover | 19,497,400 | 153,944,900 | 157,390,600 | 468,466,000 | 490,743,700 |
| EBITDA | 12,236,700 | 65,425,800 | 68,682,700 | 237,203,000 | 227,177,300 |
| Margin % | 62.7 | 42.5 | 43.6 | 50.6 | 46.3 |
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