en.Wedoany.com Reported - Indian solar manufacturer Solex Energy recently signed a Memorandum of Understanding with the Gujarat state government, planning to build a 5GW solar cell manufacturing facility and a 10GW energy storage factory in the state. This project is part of Solex's "Vision 2030" strategy, with a total investment of approximately 40 billion Indian Rupees (about USD 419 million). The cell manufacturing facility will be built in two phases, with 2GW in the first phase and an additional 3GW in the second phase; the concurrently constructed 10GW Battery Energy Storage System (BESS) factory will also be implemented in stages.
Solex Managing Director Chetan Shah stated: "This MoU is not just an investment announcement, but a commitment to India's clean energy future. At Solex Energy, we are envisioning the next phase of growth through scale, innovation, and nation-building. Our integrated solar cell and energy storage manufacturing project will strengthen domestic manufacturing capabilities, reduce import dependency, and help build a resilient renewable energy ecosystem for future generations."
Headquartered in Surat, Solex Energy operates a 4GW solar module manufacturing facility in Tadkeshwar, Gujarat, while also providing Engineering, Procurement, and Construction (EPC) services in the utility-scale, commercial, industrial, and institutional sectors. In October 2024, the company announced a plan to expand its solar module and cell production capacity with an investment of approximately USD 1 billion, intending to build a 2GW solar cell facility, potentially expanding to 5GW, with cell and module production focusing on n-type Tunnel Oxide Passivated Contact (TOPCon) technology. Last year, Solex also launched two n-type solar modules specifically designed for the extreme climatic conditions of Rajasthan—the Tapi R (TOPCon) and the Tapi series (n-type bifacial).
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