Pahal Solar secures best-in-class solar module bankability rating from DNV-USA

Pahal Solar Pvt. Ltd., a fast-growing Indian solar module manufacturer, today announced that it has been awarded a Top Rating for bankability by DNV, one of the world’s foremost independent risk assurance and certification bodies. The rating places Pahal Solar among a select group of module manufacturers globally recognized by financiers, EPC players, and developers as a dependable, bankable choice for utility-scale and rooftop solar investments.

The DNV bankability rating is based on a rigorous assessment of a manufacturer’s financial stability, manufacturing quality systems, technology track record, and long-term reliability – factors that directly influence lending and investment decisions on solar projects. Achieving a top rating gives banks, NBFCs, and project developers greater confidence when financing projects that use Pahal Solar modules.

Built on Quality, Backed by In-House Testing

Established in 2016, Pahal Solar has grown into a 3 GW AI-integrated, fully automated solar module manufacturing facility in Surat, producing high-efficiency N-Type TOPCon Dual glass bifacial modules. Backed by a robust in-house quality infrastructure, the company conducts comprehensive testing of modules and critical materials throughout the manufacturing process. Each production batch undergoes stringent performance and durability checks prior to dispatch, ensuring consistent product reliability and reinforcing the quality standards that underpin the company’s latest DNV rating.

Aggressive Backward Integration Underway

Alongside the rating announcement, Pahal Solar confirmed a significant capacity expansion at its Surat facility, deepening its backward integration across the module value chain:

• Module capacity: expanding from 3 GW
• Solar cell capacity: 2.4 GW
• Aluminium frame capacity: 3 GW
• Ribbon capacity: 3 GW (production already commenced)
• EPE (encapsulant) capacity: 3 GW
  The expansion is designed to give Pahal Solar greater control over critical raw materials and components, strengthening quality consistency, supply reliability, and cost competitiveness as demand for domestically manufactured, bankable modules continue to rise across India’s utility, commercial, and government-backed solar programs.

Founded in 2016 and headquartered in Surat, Gujarat, Pahal Solar Pvt. Ltd. is a solar module manufacturer built on a singular focus on quality and a commitment to its partners. The company operates a 3 GW AI-integrated automated manufacturing facility producing N-Type TOPCon and mono-PERC bifacial modules, holds ALMM, BIS, and DNV bankability certifications, and supplies leading government programs including PM Surya Ghar and PM-KUSUM.