Solex Energy Limited hosted H.E. Prof. Kwasi Obiri-Danso, High Commissioner of Ghana to India, at its corporate headquarters in Surat on July 18, 2026, to advance bilateral collaboration in the solar sector. The strategic discussions focused on accelerating clean energy adoption and fostering partnerships to support Ghana's renewable energy targets. This engagement underscores the growing emphasis on international cooperation to enhance energy security and meet global climate commitments.

During the visit, solex energy proposed partnering with Ghana to establish an end-to-end solar manufacturing ecosystem in phases. The proposal encompasses the local production of renewable energy components, technology transfer, and capacity building. Additionally, the company emphasized the importance of developing indigenous talent through skill development and technical training programmes to create a sustainable workforce in Ghana. Solex Energy also expressed its intent to collaborate with the International Solar Alliance (ISA) to support the nation's clean energy transition.

The company's manufacturing capabilities form the backbone of its international expansion strategy. Solex Energy currently holds an operational manufacturing capacity of 4 GW. It has outlined a strategic roadmap under its Vision 2030 to establish 10 GW of solar module manufacturing and 10 GW of solar cell manufacturing capacity. This scale positions the company to support global clean energy demands effectively.

Dr. Chetan Shah, Chairman & Managing Director of Solex Energy Limited, highlighted the significance of the engagement. He stated that the discussions reflected the immense renewable energy potential in Ghana and the shared belief that international partnerships are instrumental in shaping the global energy transition. Shah added that the company views such engagements as opportunities to build enduring relationships based on innovation, trust, and sustainable development, with the goal of creating long-term value for both nations.

Key Operational Metrics

Headquartered in Surat, Gujarat, Solex Energy Limited operates a state-of-the-art, Industry 4.0 enabled, fully automated manufacturing facility at Tadkeshwar. The company exports to multiple countries and serves as a preferred OEM partner to internationally recognised brands, providing comprehensive EPC solutions across utility-scale, commercial, industrial, and institutional segments.

Solex Energy Limited has approved becoming a member of Solex Foundation, a related party transaction, to advance its corporate social responsibility (CSR) objectives. The company has been admitted as a Guarantor Member to the extent of a guarantee not exceeding Rs. 400. This move does not impact the core commercial business lines of the company.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction is classified as a related party transaction because the directors of the company are also members of the Foundation. No governmental or regulatory approvals are required for this acquisition.

Solex Foundation is a Section 8 Company not having share capital and limited by guarantee. It was incorporated on March 11, 2026, and operates as a non-profit organisation in India. Since it is a newly incorporated entity, its turnover is not applicable.

The details of the transaction are outlined in the table below: