Nikhil Kamath Fuels Solar Growth with Major Investment in Goldi Solar

Nikhil Kamath, the influential co-founder of Zerodha, has made headlines with a significant Rs 137.5 crore investment in Goldi Solar, a notable solar PV module manufacturer. This investment marks a strategic push for growth in India's burgeoning renewable energy sphere.

The Gujarat-headquartered Goldi Solar plans to leverage this new funding to fuel its expansion activities. The company's production capacity has already seen a remarkable increase from 3 GW to 14.7 GW over the past year, with ongoing projects in solar cell manufacturing expansions set in Surat, Gujarat.

As India targets an ambitious solar power capacity of 280 GW by 2030, the renewable sector stands at a pivotal juncture. Goldi Solar's plans align closely with national goals, particularly amidst policy incentives for local manufacturing and a new import duty landscape for foreign modules.

(With inputs from agencies.)