Indosolar Ltd is a prominent Indian manufacturer specializing in solar photovoltaic (SPV) cells. Founded in 2005 and headquartered in Greater Noida, Uttar Pradesh, the company utilizes advanced crystalline silicon technology to convert sunlight into electricity. Indosolar primarily operates on a business-to-business (B2B) model, supplying its high-efficiency SPV cells, with efficiency levels reaching up to 16.15%, to module manufacturers. These are then used in both domestic and international markets, including Europe, Japan, and the USA, for grid and rooftop solar applications.
The company's manufacturing process is supported by a partnership with Schmid Technology Systems GmbH, which assists with plant and machinery delivery and installation. Indosolar began commercial production with its first 80 MW line in 2009 and expanded with a second line in 2010, despite experiencing a cost overrun of Rs. 53.27 Crores on the project. The company has evolved from its origins in the garment industry to become a public limited entity, reflecting its focus on solar energy innovation.
