Websol Energy Secures Green Light for Massive 4 GW Solar Project in AP
Overview
Websol Energy System shares are in focus following Andhra Pradesh government approval for a 4 GW solar cell and 4 GW solar module manufacturing project. The greenfield facility in Tirupati district will receive government incentives, boosting the company's renewable energy push and potential expansion into PV ingot and wafer production.
Stocks Mentioned
Government Approves Major Solar Project
Websol Energy System's stock is under scrutiny following the Andhra Pradesh government's official approval for its ambitious greenfield 4 GW solar cell and 4 GW solar module manufacturing project. The Industries & Commerce Department issued a Government Order greenlighting the venture, set to be located at MPSEZ, Naidupeta, in the Tirupati district.
This pivotal approval materializes from a Memorandum of Understanding signed with the Andhra Pradesh Economic Development Board (APEDB) on November 15, 2025. The state government is providing a significant incentive package. This includes benefits for land allotment, a fixed capital investment subsidy, power tariff reimbursement, exemptions on electricity duty and industrial water charges, along with relief on stamp duty and other registration fees. These measures are designed to foster large-scale renewable energy infrastructure.
Strategic Expansion and Cost Efficiencies
As part of the project's development, Websol Energy plans to establish a 100 MW captive solar power plant. This internal power generation capability is expected to ensure a reliable supply of renewable energy for the manufacturing facility. It will also lead to substantial operating cost efficiencies, enhancing the company's competitive edge in the solar market.
Further bolstering its future prospects, the company recently entered into a Memorandum of Understanding with Linton, a global leader in PV ingot and wafer equipment technology. This collaboration explores the potential for manufacturing Photovoltaic (PV) ingots and wafers in India, with Websol intending to acquire necessary equipment from Linton. This signals a strategic move towards backward integration and broader participation in the solar value chain.
Market Performance Context
Websol Energy System's shares closed down 4.44 percent, or ₹3.86, at ₹83.15 in the previous trading session. The stock has seen volatility, touching a 52-week high of ₹183.50 and a 52-week low of ₹79.85. Currently trading significantly below its peak, the company's market capitalization stands at ₹3,509.46 crore.
