Mumbai, Feb. 28 -- Micromax Informatics, a leading Indian consumer electronics brand, has announced its foray into the renewable energy sector with the launch of its solar panel manufacturing venture. The company has established a new entity, "Startup Energy," dedicated to producing high-efficiency solar panels for residential, commercial, and industrial applications.
Affordable & Scalable Solar Solutions Micromax Solar aims to revolutionise the renewable energy landscape by making clean power more accessible, reliable, and cost-effective.
5 GW Solar Module Manufacturing Line As part of its expansion strategy, Micromax has signed a strategic contract with Jinchen for the phased deployment of a 5-gigawatt (GW) advanced solar module manufacturing line. This project will integrate state-of-the-art automation and high-efficiency module production technologies, ensuring the delivery of world-class solar solutions.
Advanced Manufacturing & R&D Focus To support its vision, Startup Energy will establish a cutting-edge manufacturing facility, equipped with:
Precision engineering for superior quality Automation-driven processes to enhance efficiency Strategic R&D partnerships for next-generation solar innovations India's Growing Solar Market India's solar energy sector is witnessing exponential growth, with installed solar capacity surpassing 72 GW in 2023. With the government targeting 500 GW of renewable energy capacity by 2030, demand for high-quality, locally manufactured solar panels is soaring-a demand that Micromax Energy aims to meet.
By leveraging its technological expertise and commitment to innovation, Micromax is poised to become a key player in India's green energy revolution.
Published by HT Digital Content Services with permission from Construction World.