Solex Energy Gujarat Plans Stunning 5 GW Cell Plant
Surat-based photovoltaic manufacturer Solex Energy has solidified a major commitment to bolstering India’s domestic manufacturing ecosystem by signing a Memorandum of Understanding (MoU) with the Government of Gujarat. The agreement paves the way for a landmark green manufacturing project involving an investment of approximately INR 4,000 crore (about $420 million).
How Solex Energy Gujarat Plans Stunning 5 GW Cell Plant
At the heart of this strategic investment is the development of a state-of-the-art 5 GW solar cell production facility. This initiative is complemented by an ambitious plan to establish a 10 GW battery energy storage system (BESS) plant, signaling a comprehensive approach to the clean energy value chain. This dual-pronged project is a cornerstone of Solex Energy’s long-term “Vision 2030” strategy, aimed at enhancing India’s energy security and self-reliance.
The company will roll out the 5 GW solar cell capacity in a structured, two-phase approach. The initial phase will bring 2 GW online, with a subsequent expansion adding another 3 GW. This methodical expansion allows Solex to scale its operations in line with market dynamics and technological progress, further cementing Gujarat’s role as a premier hub for renewable energy manufacturing.
Vertical Integration with Advanced Technology
By venturing into the high-value segment of cell manufacturing, Solex Energy is vertically integrating its operations. The new plant will be equipped to produce high-efficiency n-type TOPCon (tunnel oxide passivated contact) solar cells, ensuring its products remain competitive on a global scale. This move builds upon the company’s existing research and development efforts, which include advanced rear-contact solar modules targeting up to 24.6% efficiency.
This expansion is a natural progression for Solex Energy, which already operates a fully automated, 4 GW PV module production line at its Industry 4.0-enabled facility in Tadkeshwar, Gujarat. The significant new investment not only scales up the company’s capacity but also strongly aligns with national priorities like the “Make in India” initiative, aimed at reducing dependence on imported solar components and building a resilient domestic supply chain.
Sources
- Solex Energy to invest Rs 4,000 cr to set up solar cell manufacturing …
- solex energy commits rs 4000 crore for gujarat green manufacturing …
- Solex expands with Gujarat mega investment – Switchgear Magazine
- Another new Indian BESS factory: Solex Energy to set up 5 GW solar …
- Solex Energy Commits ₹4,000 Crore for 5 GW Solar Cell Facility …
- Solex Energy plans 5 GW solar cell factory in India – PV Magazine
- Solex inks MoU for 5GW solar cell and 10GW BESS facility in Gujarat
