Fueling India’s renewable surge, Nikhil Kamath invests in Goldi Solar to accelerate expansion in advanced solar manufacturing.
Zerodha co-founder Nikhil Kamath has invested ₹1375 million in Goldi Solar, a PV module manufacturer, to support the company’s expansion into solar cell manufacturing and scale up production capacity.
The investment will help Goldi Solar strengthen its position in India’s renewable energy sector, which is witnessing accelerated growth amid government-backed targets and incentives. The company has already expanded its solar PV module manufacturing capacity nearly fivefold in the last year, from 3 gigawatts (GW) to 14.7 GW. It is also developing solar cell facilities in Surat, Gujarat.
Highlighting the rationale behind his investment, Kamath said, “Renewable energy in India is a massive sector, and there is an equally massive opportunity to build global-scale companies right here on our home ground. It is imperative that we back these companies to accelerate the country’s clean energy transition.”
Goldi Solar said it plans to continue introducing high-efficiency solar modules and cells using next-generation technologies to meet the nation’s rising clean energy demand. India has set an ambitious target of 280 GW of solar power capacity by 2030.
The timing of the investment coincides with a surge in domestic solar demand, supported by import duties on foreign solar modules and the Production Linked Incentive (PLI) scheme, which encourages local manufacturing.
