India’s clean energy transition is entering a defining phase. As the nation accelerates its renewable energy ambitions, the conversation is no longer limited to generating solar power—it is increasingly focused on creating a resilient ecosystem where generation, storage, manufacturing, and energy security work in harmony. At the heart of this transformation stands Cosmic PV Power Limited, a company that is not merely expanding capacity but actively shaping the architecture of India’s sustainable energy future.
From scaling its module manufacturing capacity and establishing a new solar cell facility in Madhya Pradesh to investing in next-generation storage technologies and advanced solar solutions, Cosmic PV Power is steadily positioning itself as a catalyst in India’s quest for energy independence. Its vision extends beyond producing solar modules; it seeks to create an integrated energy ecosystem capable of delivering reliability, affordability, and long-term sustainability.
Against this backdrop, Shweta Kumari, Sub-Editor of The Battery Magazine, engaged in a thought-provoking conversation with Jenish Ghael, Founder, Whole-time Director and Chairman of Cosmic PV Power Limited. During the discussion, Ghael shared his perspectives on integrated energy independence, the growing significance of energy storage, the company’s ambitious manufacturing roadmap, emerging opportunities in global markets, and the role of innovation in strengthening India’s renewable energy ecosystem.
As Cosmic prepares for its next phase of growth, including its evolving storage strategy and future expansion plans, Ghael offers valuable insights into the trends, technologies, and opportunities that will define the next chapter of India’s clean energy journey.
Let’s delve deeper into the conversation.
Mr. Ghael, Cosmic PV Power has been a trailblazer in India’s solar journey. How does your vision for “Integrated Energy Independence” shape the company’s roadmap, and what role will energy storage play in this narrative?
At Cosmic, Integrated Energy Independence means building a resilient ecosystem where solar generation, storage, and smart distribution converge. Energy storage is the missing link that amplifies solar’s potential, enabling round-the-clock power and grid stability. We’re investing in advanced battery technologies and hybrid solutions to make renewables the backbone of India’s energy mix.
Looking ahead, how do you see Cosmic’s portfolio evolving to address the intermittency challenge of renewables, and what innovations are you excited about in the energy storage space?
Cosmic is future-ready with a multi-pronged approach – investing in next-gen batteries like solid-state and sodium-ion and developing AI-driven energy management systems. The goal is seamless integration of renewables into India’s grid, ensuring reliability even when the sun isn’t shining.
Cosmic is rapidly scaling its module capacity from 3 GW to 5 GW. What strategic shifts in manufacturing technology have enabled this accelerated growth, and how will this capacity expansion strengthen India’s solar manufacturing ecosystem?
Our expansion leverages advanced automation and bifacial technology to boost efficiency and reduce costs. This 5 GW milestone makes Cosmic a key player in India’s solar ambitions, creating jobs, reducing imports, and enabling affordable clean energy for millions.
The new 1.1 GW Solar Cell plant in Madhya Pradesh marks a significant milestone in Cosmic’s backward integration journey. How will domestic cell production redefine Cosmic’s cost-competitiveness and supply chain security, and what implications does this have for India’s solar mission?
This cell plant reduces our reliance on imports, insulates us from global supply shocks, and cuts logistics costs. Domestically produced cells mean faster, cost-effective modules for India’s projects, accelerating our ‘Make in India’ push and creating a robust solar ecosystem.
As the market moves away from Mono-PERC, how is Cosmic positioning its TOPCon and Bifacial modules to lead in the high-efficiency utility-scale segment, and what opportunities do you see for these technologies in the global market?
Cosmic is ahead of the curve with TOPCon and Bifacial modules, offering up to 25.5% efficiency. These technologies boost energy yield by 5-8% in utility-scale projects, making them ideal for India and export markets like Europe and the US seeking high-performance, low-LCOE solutions.
With the government’s push for residential solar, how is Cosmic tailoring its distribution network to capture the “rooftop revolution” in Tier-2 and Tier-3 cities, and what innovative financing models are you exploring to make solar more accessible?
We’re expanding our dealer network to Tier-2/Tier-3 cities.
Why was Madhya Pradesh chosen as the cornerstone for your cell manufacturing expansion, and what socio-economic impact do you foresee for the region, creating 1000+ jobs and investments in local infrastructure?
MP offered policy support, land availability, and proximity to raw materials. Our project will create 1000+ jobs, boost local businesses, and spur infrastructure growth in Narmadapuram. It’s a win-win for the region’s economic and energy future.
Beyond the domestic market, what is Cosmic’s roadmap for exports in 2026-27, particularly in markets looking for “China Plus One” supply partners, and how do you plan to differentiate Cosmic’s offerings in these competitive landscapes?
Cosmic is actively exploring export opportunities, especially in the US, Middle East, and Africa, leveraging our advanced technology and competitive pricing. Our TOPCon and Bifacial modules are gaining traction globally, and we’re positioning ourselves as a reliable ‘China Plus One’ partner. We’ll focus on building strong partnerships and offering customized solutions to differentiate ourselves.
As a leader in manufacturing, how is Cosmic preparing for the upcoming solar waste management regulations and the recycling of end-of-life modules, and what steps are you taking to embed circular economy principles into your operations?
At Cosmic, we’re committed to sustainable growth. We’re developing a comprehensive solar waste management plan, partnering with certified recyclers to ensure responsible disposal of end-of-life modules. We’re also designing products with recyclability in mind, using materials that can be easily reused, reducing waste and minimizing environmental impact.
As Cosmic prepares for its IPO, what are the three key pillars of growth that you believe will define the company’s value proposition to investors, and how do you envision the infusion of capital accelerating Cosmic’s mission of “Solar for a Better Future”?
Our three pillars are:
1. Expanding our manufacturing footprint.
2. Strengthening our presence in high-growth markets.
3. Investing in R&D for next-gen solar technologies.
The IPO will fuel our growth, enabling us to scale faster, innovate, and make solar energy more accessible, driving India’s transition to a sustainable future.
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