Solar Manufacturing – Vertical Integration
Our solar manufacturing subsidiary completes HYMAX Energy's vertical integration strategy, combining 0.8 GW cell production capacity with 500 MW module assembly. This backward integration into manufacturing secures our supply chain, improves margins, and positions us to capture PLI incentives while serving both domestic and export markets.
The financial metrics are exceptional: a $15 million CAPEX investment generating $175 million in annual revenue, delivering an IRR exceeding 200% with payback in under one year. Our technology roadmap includes both current PERC technology and next-generation TOPCon capabilities, ensuring we remain at the forefront of solar efficiency improvements.
Export readiness and PLI eligibility create additional upside, allowing us to serve international markets while benefiting from India's manufacturing incentive schemes.
- 0.8GW Cell Capacity
- 500MW Module Capacity
- 200% IRR
