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Indian PV manufacturer Solex Energy has signed a memorandum of understanding with the Gujarat government to build a 5 GW solar cell manufacturing facility and a 10 GW battery energy storage systems (BESS) factory in the state, with a planned investment of INR 4,000 crore ($420 million).
The company plans to develop the 5 GW plant in two phases: 2 GW in Phase I and 3 GW in Phase II.
Headquartered in Surat, Gujarat, Solex Energy currently operates a fully automated, Industry 4.0 compliant manufacturing facility in Tadkeshwar, Gujarat, with a PV module manufacturing capacity of 4 GW.
The company recently expanded its technology roadmap through a partnership with Germany’s ISC Konstanz, aimed at advancing high-efficiency solar cell technologies. The collaboration includes work on upgrading TOPCon cell lines and developing next-generation back-contact and tandem technologies.
In October 2025, the partners unveiled a back-contact solar panel concept based on n-type technology, offering up to 24.6% efficiency and 665 W power, with commercial production planned for fiscal year 2027.
As part of its Vision 2030 strategy, Solex Energy aims to scale up its production capacity to 10 GW of modules and 10 GW of solar cells, aligning its expansion plans with continued investments in advanced PV technologies.
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