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StarlinePS Enterprises Invests ₹160 Crore in Cello

StarlinePS Enterprises Invests ₹160 Crore in Celloraa Energy to Build 1.2 GW Solar Cell Plant in Gujarat

· Venture Capital · StartupTalky

StarlinePS Enterprises has invested ₹160 crore in Celloraa Energy to establish a 1.2 GW DCR-compliant solar cell manufacturing facility in Surat, Gujarat. The investment aims to strengthen India's domestic solar manufacturing ecosystem and support the country's clean energy ambitions. In a significant development for India's renewable energy manufacturing sector,StarlinePS Enterprises Ltd.has announced astrategic investmentof₹160 croreinCelloraa Energy Pvt. Ltd.toestablisha1.2 GW state-of-the-art, Domestic Content Requirement (DCR) compliant solar cell manufacturing facilityinSurat, Gujarat. The strategic investment marks a major milestone in India's journey to strengthen domestic renewable energy manufacturing and support the nation's vision of achieving energy self-reliance through indigenous clean energy technologies. Theinvestmentwillsupport Celloraa Energy's missiontodevelop world-class solar cell manufacturing infrastructureand contribute to India's rapidly growing renewable energy ecosystem. As India continues its transition toward becoming a global renewable energy leader, domestic solar manufacturing has emerged as a strategic priority. Government initiatives promoting domestic manufacturing, including the Domestic Content Requirement (DCR) policies and the broader vision of Atmanirbhar Bharat, have accelerated demand for domestically manufactured solar components and strengthened the need for robust manufacturing capabilities within the country.

Original source: StartupTalky
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