Fujiyama Power plans 1.2 GW solar plant in Madhya Pradesh

Fujiyama Power will build a 1.2 GW solar manufacturing plant in Madhya Pradesh, the company said, in a move it describes as strengthening its position across the solar value chain.

The announcement was reported by business-standard.com on September 27, 2026. The company did not disclose the investment size, the exact location within Madhya Pradesh, or a timeline for commissioning in the report.

At 1.2 GW, the plant would sit in the middle of India's module-making pack. For scale, India's installed solar module capacity crossed 60 GW last year, though actual output runs well below nameplate because of weak demand and price pressure from Chinese imports.

Why the value chain matters

"Value chain" is the phrase to watch here. Most Indian solar firms assemble modules from imported cells. A plant that makes cells and modules under one roof cuts exposure to shipping costs, customs duty and supply shocks. It also helps a company bid for government-linked tenders that favour domestic content.

Madhya Pradesh has been courting solar manufacturers for a few years now. The state offers land, power subsidies and single-window clearances under its industrial policy. It already hosts several module lines, and Rewa's solar park gave the state early visibility in utility-scale solar.

Fujiyama Power's move fits a broader pattern. Indian solar firms have been announcing capacity expansions since the Centre raised basic customs duty on cells and modules and pushed the Approved List of Models and Manufacturers. That list effectively bars imported modules from most government projects.

What we don't know yet

• Where in Madhya Pradesh the plant will come up
• How much the company will invest
• Whether the 1.2 GW covers cells, modules, or both
• When production is expected to start
• Whether the output is tied to a specific buyer or tender

Those gaps matter. A module line and an integrated cell-plus-module line are very different projects in cost and complexity. Cell manufacturing needs deeper technical know-how and heavier capital. Several Indian firms have announced integrated plans and then staggered them because of equipment delays and pricing pressure.

The solar manufacturing story in India has been uneven. Big players like Waaree, Adani Solar and Tata Power have scaled up. Smaller firms have struggled to keep pace on cost. Fujiyama Power's 1.2 GW plan puts it in the second tier, big enough to matter but not yet at the scale of the top five.

Madhya Pradesh's solar ambitions have also run into land and transmission bottlenecks. Solar parks in the state have faced delays in evacuation infrastructure, a problem across India. A manufacturing plant sidesteps some of that, since it needs industrial land and a grid connection, not thousands of acres of wasteland.

The company has not said whether the plant will serve its own projects or sell to other developers. That choice will shape how much of the value chain it actually controls.

For now, the announcement adds one more name to India's growing list of solar manufacturers betting on domestic capacity. Whether the 1.2 GW gets built on schedule is a different question, and one the company hasn't answered.