Websol Energy System has received official approval from the Government of Andhra Pradesh for its proposed greenfield solar manufacturing project, comprising a 4 GW solar cell plant and a 4 GW solar module plant. The project will be set up at the Multiproduct Special Economic Zone (MPSEZ), Naidupeta, located in Tirupati district. The approval was granted through a Government Order issued by the state’s Industries & Commerce Department, marking a key milestone in the company’s expansion plans.
MoU with APEDB and Incentive Support
The project approval follows a Memorandum of Understanding signed between Websol Energy System and the Andhra Pradesh Economic Development Board (APEDB) on November 15, 2025. As part of its efforts to encourage large-scale renewable energy manufacturing, the state government has extended a comprehensive incentive package to the project. The incentives include support for land allotment, fixed capital investment subsidies, reimbursement of power tariffs, exemptions on electricity duty and industrial water charges, and concessions on stamp duty and registration fees. These measures are aimed at facilitating investment and strengthening the state’s renewable energy manufacturing ecosystem.
Captive Solar Power Plant for Operational Efficiency
As part of the overall project development, Websol Energy plans to set up a 100 MW captive solar power plant. This facility will provide renewable power directly to the manufacturing units, ensuring a stable and reliable energy supply. The captive plant is also expected to result in significant operational cost efficiencies, improving the project’s long-term competitiveness and reducing dependence on external power sources.
Strategic Technology Collaboration
In a move to strengthen its position across the solar value chain, Websol Energy has recently entered into a Memorandum of Understanding with Linton, a global leader in photovoltaic ingot and wafer equipment technology. The collaboration explores the possibility of manufacturing PV ingots and wafers in India, with Websol planning to procure the required equipment from Linton. This initiative signals the company’s intent to move towards backward integration and expand its footprint beyond cells and modules.
Stock Market Performance
Following the developments, Websol Energy System’s stock remained under market watch. The company’s shares closed at ₹83.15 in the previous trading session, down 4.44 per cent or ₹3.86. Over the past year, the stock has traded within a wide range, touching a 52-week high of ₹183.50 and a 52-week low of ₹79.85. At the current price level, the company’s market capitalisation stands at ₹3,509.46 crore.
With government approval in place, the proposed project at Naidupeta represents a significant step in Websol Energy’s manufacturing expansion and aligns with broader efforts to strengthen domestic solar manufacturing capacity in India.
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