Indian solar module manufacturer and installer Solex Energy has announced plans to invest INR 2bn ($23m) to expand its production capacity by an additional 2.2 GW.
The move comes in response to increasing global demand for solar panels within the country and beyond.
The new production line will feature tunnel oxide passivated contact (TOPCon) technology and is designed with scalability in mind – potentially reaching up to 5 GW in the future.
Once operational, the facility will raise Solex’s total manufacturing capacity to around 4 GW. The company is targeting 15 GW of production capacity by 2030.
In a statement issued Tuesday, Solex confirmed it has formed a strategic partnership with Zhuhai Gmee Solar Equipment Company to support the project.
Construction of the new production line is expected to conclude by September 2025. Solex anticipates that commercial operations will begin at the start of the third quarter of its 2025 – 2026 fiscal year, which ends in March 2026.
