Solex Energy Commits $1.5 Billion to Solar Manufacturing Expansion by 2030

Solex Energy plans to invest $1.5 billion to enhance its solar module and cell manufacturing capacities, aiming for a 10 GW module capacity. This expansion involves partnerships and technological advancements for solar innovation, reinforcing India's position in global solar manufacturing by 2030.

Solex Energy announced a significant investment totaling $1.5 billion to expand its solar module and cell production capabilities by 2030, according to the company's CMD Chetan Shah.

The initiative seeks to increase module manufacturing capacity to 10 gigawatts (GW) and establish substantial new cell and wafer facilities in Gujarat. This strategic move includes a partnership with ISC Konstanz for cutting-edge solar cell R&D.

Shah noted the investment will solidify Solex's role in the global renewable energy sector, aiming to transform India into a solar innovation hub, while enhancing production efficiency and reliability.

(With inputs from agencies.)