New Delhi: StarlinePS Enterprises Ltd has announced plans to invest ₹160 crore in Celloraa Energy to establish a 1.2 GW Domestic Content Requirement (DCR)-compliant solar cell manufacturing facility in Surat, Gujarat. The investment marks a significant step toward strengthening India’s domestic solar manufacturing ecosystem and supporting the country’s clean energy ambitions.
The proposed facility will manufacture high-efficiency solar cells designed to meet India’s Domestic Content Requirement (DCR) norms, helping reduce dependence on imported solar components while supporting the government’s “Make in India” initiative.
StarlinePS to Acquire 50% Stake in Celloraa Energy
According to a regulatory filing, the Board of Directors of StarlinePS Enterprises has approved an investment of ₹160 crore to acquire a 50% stake in the post-money paid-up equity share capital of Celloraa Energy.
The investment will be made by subscribing to newly issued equity shares in one or more tranches, subject to regulatory approvals, customary closing conditions, and shareholder approval.
The transaction is expected to be completed within the next 12 months.
1.2 GW Solar Cell Manufacturing Facility Planned in Surat
Celloraa Energy is developing a 1.2 GW solar cell manufacturing plant in Surat, Gujarat, with a focus on producing DCR-compliant solar cells for India’s rapidly growing renewable energy sector.
The facility will incorporate advanced German manufacturing technology and water-efficient production systems aimed at improving operational efficiency while reducing environmental impact.
The project is expected to strengthen India’s domestic solar supply chain by increasing local manufacturing capacity for high-quality photovoltaic (PV) cells.
Expansion Plans to Double Capacity
In addition to the initial 1.2 GW facility, Celloraa Energy has outlined plans to expand production capacity to 2.4 GW in the future.
The expansion reflects growing demand for domestically manufactured solar equipment as India accelerates the deployment of utility-scale solar parks, rooftop solar projects, and government-backed renewable energy programmes.
The increased manufacturing capacity is expected to support India’s long-term renewable energy targets while improving supply chain resilience.
Supporting India’s Domestic Solar Manufacturing
The investment comes at a time when India is actively promoting local manufacturing of solar modules and cells through various policy initiatives, including the Domestic Content Requirement (DCR) framework and Production Linked Incentive (PLI) schemes.
DCR-compliant solar cells play an important role in government-backed renewable energy projects by ensuring greater use of locally manufactured components.
Expanding domestic manufacturing capacity can help:
- Reduce dependence on imported solar cells
- Strengthen India’s renewable energy supply chain
- Improve energy security
- Encourage local manufacturing and job creation
- Support the country’s clean energy transition
Gujarat Continues to Strengthen Its Renewable Energy Ecosystem
Gujarat has emerged as one of India’s leading renewable energy manufacturing hubs, attracting significant investments in solar modules, photovoltaic cells, battery storage and green energy infrastructure.
The establishment of the Celloraa Energy facility in Surat further reinforces the state’s position as a key destination for renewable energy manufacturing.
The project is expected to contribute to Gujarat’s growing role in India’s clean energy value chain while supporting the expansion of domestic solar production capabilities.
Rising Demand for Solar Cells in India
India’s ambitious renewable energy targets continue to drive demand for locally manufactured solar equipment.
With the country targeting significant additions to its solar power capacity over the coming years, investments in domestic manufacturing are becoming increasingly important to ensure stable supply chains and reduce import dependence.
Industry analysts expect continued growth in demand for DCR-compliant solar cells as government projects increasingly prioritize domestically manufactured components.
Outlook
StarlinePS Enterprises’ proposed ₹160 crore investment in Celloraa Energy represents another significant investment in India’s rapidly expanding renewable energy manufacturing sector.
As the country accelerates its transition towards clean energy, new investments in domestic solar cell manufacturing are expected to strengthen India’s renewable energy ecosystem, improve supply chain resilience and support the government’s vision of building a globally competitive solar manufacturing industry.
The planned 1.2 GW facility, along with future expansion to 2.4 GW, positions Celloraa Energy to play an important role in meeting India’s growing demand for high-quality, locally manufactured solar cells while contributing to the nation’s long-term energy security and sustainability goals.
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