By the beginning of next year, GenX PV India intends to open a fully integrated aluminium frame production facility in Raipur. By producing 18,000 metric tons of aluminium a year, the plant will be able to supply Indian solar panel makers and lessen its dependency on Chinese imports.
This plant will offer complete solutions, such as cutting, anodizing, and extrusion, improving GenX PV’s capacity for internal aluminium frame production.
The news came concurrent with the company’s attendance at the Renewable Energy India Expo 2024, which is taking place from October 3–5, in Hall 12 of the India Expo Center in Greater Noida, Booth No. R883.
The Raipur site will aid GENX PV India in maintaining its standing as a comprehensive supplier of solar panel materials, in addition to the junction box’s backward integration.
By FY25, the company wants to expand its junction box manufacturing capacity in Bangalore from 20 GW to 50 GW.
Additionally, GenX PV anticipates an outstanding revenue boost from INR 200 crores in FY24 to INR 900 crores by FY25.
The company is still dedicated to research and development, creating cutting-edge, portable, and effective solar solutions while guaranteeing superior quality through stringent testing and creative technological integration.
GenX PV India stands out in the solar business due to its bigger diodes, strict quality inspections, and adherence to V0 flammability regulations.
Piyush Agarwal, Founder and Managing Director, GenX PV said, “With our fully integrated aluminium frame facility and backward integration into junction box manufacturing, GENX PV is not just expanding its capacity but redefining the end-to-end ecosystem for solar panels. Our innovative product portfolio, which includes advanced diodes and precision-engineered components, ensures we are meeting the demands of tomorrow’s solar energy landscape. By controlling every aspect from raw materials to finished products, we are delivering unmatched quality and efficiency to our customers.”
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