Micromax Expands into Solar Panel Manufacturing
Micromax Informatics is taking a significant step into the renewable energy sector by launching a new venture dedicated to manufacturing solar panels in India. This initiative, named Startup Energy, aims to produce high-efficiency solar panels suitable for residential, commercial, and industrial uses.
To facilitate this expansion, Micromax has partnered with Jinchen, a Chinese company specializing in equipment for the renewable energy and new material industries. Under this collaboration, Jinchen will implement a state-of-the-art 5GW solar module manufacturing line in India. The project will be executed in multiple phases, incorporating advanced automation and high-efficiency production technologies.
Rajesh Agarwal, Managing Director of Micromax Informatics, stated, “At Micromax, we have always been driven by innovation and a commitment to transforming lives through technology. With Startup Energy, we are extending this vision to the renewable energy sector, bringing our expertise in cutting-edge solutions to solar power.”
In line with the government’s goal of achieving 500 GW of renewable energy capacity by 2030, there is a growing demand for high-quality, locally manufactured solar panels. To support this vision, Startup Energy plans to establish a manufacturing facility equipped with advanced automation and precision engineering to ensure top-notch quality and efficiency. The company will also seek strategic research and development partnerships to create next-generation solar solutions that enhance energy efficiency and long-term sustainability.
This marks Micromax’s third new venture in recent months, as the company diversifies its operations. It is also working on assembling and designing mobile phones for various brands in a factory located in Greater Noida. Additionally, Micromax has partnered with Taiwan-based Phison to manufacture memory modules for IT hardware and has announced plans to provide bundled over-the-top content services to television viewers in India.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/micromax-expands-into-renewable-energy-with-new-solar-panel-manufacturing-venture/
