Surat-based Rayzon Solar has signaled its commitment to its already string momentum will continue as it signed a major agreement with Cliantech Solutions to launch a 5 GW solar production line. The signing was done at the REI Expo in Noida. The Chirag Nakrani and Hardik Kothiya founded firm has been in the limelight for its aggressive marketing moves and has announced a 12 GW target for capacities, a journey that started with just a 40 MW capacity in 2017-18. For the still young âstartupâ the journey to 12 GW will make it one of the fastest to get there in India.
With the latest signing, Rayzon Solar is poised to significantly enhance its production capabilities, gearing up for mass manufacturing of high-efficiency photovoltaic (PV) modules that will cater to the growing global demand for green energy.
Currently operating at a capacity of 4 GW, the firm is looking to commission 3 GW in January 2025, 2 GW in March, and an additional 3 GW scheduled for September, marking a substantial leap forward in the companyâs growth trajectory.
For the 2019 founded, Greater Noida based Cliantech Solutions, the deal marks a significant milestone in the firmâs journey. With its strong focus on India. The deal also indicates the huge potential in manufacturing that is still unfolding as we write this story. With the focus shifting especially to cell manufacturing, and later perhaps, wafer and ingots as well.
For Rayzon, which has seemed to punch above its weight regularly, the capacity addition is a measure of the confidence and ability the firm has shown in opening up the market and finding clients despite increasing competition. Be it the use of high profile brand ambassadors or even the possibility of a manufacturing plant in the US, the firm has been a quick mover and agile in its decision making.
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