Solex Energy Limited on Monday announced an investment exceeding Rs 8,000 crore as part of its Vision 2030 strategy. The initiative reflects Solex’s commitment to advancing solar technology and scaling operations, positioning the company as a fully integrated solar player. Solex is exploring the development of a new cell manufacturing facility with an initial capacity of 2 GW, designed to scale up to 5 GW. Its module manufacturing capacity will also be increased from 1.5 GW to 15 GW. Solex aims to expand its workforce to over 25,000 to support this growth.Chetan Shah, Chairman & Managing Director of Solex Energy Limited, said, “Vision 2030 represents a key milestone in our journey to becoming a fully integrated solar company. With the introduction of N-Type TOPcon Technology featuring Rectangular Cells, Solex Energy is raising the bar for efficiency and reliability.”
A major component of Vision 2030 is the launch of the Tapi-R series. This revolutionary solar module incorporates N-Type TOPcon Technology and a rectangular cell design, setting a new standard for solar energy generation in India. The series, named after the Tapi River, a symbol of vitality in the region where Solex is headquartered, and the “R” for its rectangular cell design, significantly enhances power efficiency and reliability. In addition to technological advancements, Solex Energy Limited is committed to supporting India’s national goal of achieving 500 GW of non-fossil fuel-based installed electricity capacity by 2030.
