Jakson Group, an Indian manufacturer of solar modules, plans to expand into power generation in order to capitalise on the country's clean energy boom.

According to Chairman Sameer Gupta in an interview, Jakson, which is based on the outskirts of New Delhi, plans to have 5 gigatonnes of power capacity by 2030. The generation plan, he claims, will cost 250 billion rupees ($3 billion).

Gupta believes that expanding into power generation will allow the company to tap the entire value chain of the business. The company currently manufactures modules and executes turnkey contracts to build renewable energy projects.

The company is banking on India's ambitious plan to build 500 gigatonnes of clean energy capacity by 2030. While the push has piqued the interest of international energy behemoths and local billionaires such as Gautam Adani and Mukesh Ambani, the pace of installation has fallen far short of the target, and the government has devised a strategy to more than triple project auctions.

"We want to be a part of this expansion," said Gupta. According to him, the company has the execution and design capabilities to enter the generation market.

Meanwhile, Jakson is on track to double its module-making capacity to 1.2 gigatonnes in the coming months and is looking for a new location to build a 1 gigatonne cells-to-module facility, according to Gupta.