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RenewSys Bags Order to Supply 300 MW of Solar Encapsulants to Icon Solar
Dec 31, 2025
Mumbai-based RenewSys India has entered into a supply agreement with Chhattisgarh-headquartered ICON Solaren Power Technologies (Icon Solar) to provide 300 MW of high-performance solar encapsulants, supporting the latter’s large-scale solar module manufacturing plans.
Under the agreement, RenewSys will deliver polyolefin elastomer (POE) encapsulant films between January and April 2026. These encapsulants are designed to enhance module durability by ensuring strong adhesion between solar cell layers, maintaining electrical insulation, and enabling reliable performance across diverse operating conditions.
The company stated that its POE encapsulant technology offers improved resistance to potential-induced degradation (PID) and delivers superior long-term field performance, making it well-suited for utility-scale and high-efficiency solar modules.
RenewSys manufactures a wide range of solar components, with an installed capacity of 30 GW for encapsulants and 4 GW for solar backsheets. The company is also in the process of setting up a 5 GW solar cell manufacturing line, further strengthening its vertically integrated solar manufacturing capabilities.
The latest deal follows RenewSys’ recent signing of a 1.1 GW encapsulant supply agreement with Kosol Energie. In May 2025, the company announced a major expansion of its encapsulant manufacturing operations by adding eight new production lines at its Khopoli facility in Maharashtra, which increased its total encapsulant capacity to 30 GW.
The development comes against the backdrop of increasing focus on domestic manufacturing of solar components. In September, the Directorate General of Trade Remedies (DGTR) initiated an investigation into alleged dumping of solar encapsulants imported from South Korea, Thailand, and Vietnam, following complaints from domestic manufacturers.
Industry stakeholders have also been urging the Ministry of New and Renewable Energy to mandate the use of domestically produced solar components, including encapsulants, in government-supported projects. Such measures are seen as critical to building a resilient local supply chain and reducing India’s dependence on imports.