Solex Energy announced the launch of its 15 GW solar module capacity expansion in Gujarat, with an estimated investment of around Rs 8,000 crore. The first phase of the expansion kicks off with an initial capacity of 2.2 GW, supported by investments exceeding Rs 200 crore, the company stated in an update.
The company plans to increase its capacity to 3.7 GW by September this year, up from the current 1.5 GW. The full expansion will unfold in phases, ultimately reaching a total capacity of 15 GW, with a projected investment of Rs 8,000 crore.
Solex Energy’s Chairman and Managing Director, Chetan Shah, remarked, “This expansion is not only about increasing capacity but also about creating new opportunities, such as hiring skilled talent, fostering innovation, and strengthening collaborations.”
In the first phase, the company has outlined that the new production line is expected to begin commercial operations by the start of Q3 FY26. The solar modules will be produced using advanced TOPCon (glass-to-glass) technology, leveraging an automated production process with AI-driven quality control and automated optical inspection (AOI) for real-time monitoring and data analysis.
The new production line has the efficiency to produce a single module every 16 seconds. Looking ahead, Solex Energy is also exploring the establishment of a new solar cell facility, initially with a capacity of 2 GW, expandable to 5 GW.
For FY25, Solex Energy reported a revenue of Rs 665 crore, marking an 80% increase from Rs 368 crore in the previous fiscal year. The company generates about 22% of its revenue from the Engineering, Procurement, and Construction (EPC) segment, with the remainder coming from the solar module business.
Solex Energy is a prominent Indian company specializing in renewable energy solutions, with a focus on manufacturing and delivering high-quality solar photovoltaic (PV) modules and comprehensive solar energy systems. Founded in 1998, the company has established itself as a trusted name in the solar industry, catering to residential, commercial, and industrial segments.
Solex Energy’s product portfolio includes monocrystalline and polycrystalline solar panels, solar water heaters, and turnkey solutions for rooftop and ground-mounted solar projects. Committed to sustainability and innovation, Solex Energy leverages advanced manufacturing techniques and state-of-the-art technology to provide efficient and reliable solar solutions. With a strong emphasis on promoting clean energy and supporting India’s renewable energy goals, the company continues to drive the adoption of solar power across the country.
