Solex Energy has signed a significant Memorandum of Understanding with the Government of Gujarat on May 01, 2026, marking a major expansion in India's renewable energy manufacturing landscape. The comprehensive agreement outlines the establishment of large-scale solar photovoltaic cell manufacturing and battery energy storage facilities in Gujarat, representing one of the substantial investments in the state's clean energy sector.

Project Overview and Investment Details

The MoU encompasses the development of two major facilities with a combined investment of ₹4,000 Crore. The project includes establishing a 5 GW Solar Cell Manufacturing Plant alongside a 10 GW Battery Energy Storage System (BESS) facility, positioning Solex Energy as a significant contributor to India's renewable energy manufacturing capabilities.

Strategic Partnership Framework

The agreement establishes Solex Energy Limited as the primary party working directly with the Government of Gujarat, represented through its competent authority. The Government of Gujarat maintains no shareholding or financial relationship with the company, ensuring an independent business partnership focused on industrial development and job creation in the state.

Regulatory Compliance and Disclosure

The company has fulfilled its regulatory obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The MoU does not impose any financial restrictions, contingent liabilities, or penalties upon Solex Energy Limited. Additionally, the agreement does not result in any changes to the company's management structure, control mechanisms, or ownership patterns.

Business Impact and Operations

The strategic partnership aims to facilitate large-scale Solar Photovoltaic Cell Manufacturing and Battery Energy Storage System development in Gujarat. The project represents a significant step toward enhancing India's domestic manufacturing capabilities in the renewable energy sector, particularly in solar cell production and energy storage solutions.

The MoU signing was announced through official regulatory filings, with Company Secretary and Compliance Officer Azmin Chiniwala managing the disclosure requirements. The agreement positions Solex Energy to capitalize on Gujarat's industrial infrastructure and policy support for renewable energy manufacturing initiatives.

Solex Energy has announced its participation in Renew X Chennai 2026, a significant renewable energy exhibition scheduled from April 27-29, 2026. The company will showcase its advanced solar technologies at Hall 03, Booth B165 at the Chennai Trade Centre, marking a strategic expansion into South India's growing renewable energy market.

Event Participation Details

Advanced Product Portfolio

Solex Energy will present a comprehensive range of high-efficiency solar module technologies designed for performance, efficiency, and long-term reliability. The company's showcase will feature three key product lines:

Strategic Market Expansion

The participation in Renew X Chennai 2026 forms part of Solex Energy's broader strategy to expand its footprint in South India. Tamil Nadu continues to play a key role in India's clean energy transition, with Chennai positioned as an important hub for collaboration and growth. The company aims to engage with EPC companies, partners, institutional buyers, and industry professionals to explore collaboration opportunities.

Manufacturing Excellence

Solex Energy operates from its Industry 4.0-enabled 4.00 GW automated manufacturing facility in Tadkeshwar, Gujarat. The state-of-the-art facility leverages advanced automation, real-time quality controls, and data-driven manufacturing processes to deliver high-efficiency, high-reliability PV modules. Beyond manufacturing, the company provides comprehensive EPC solutions across utility-scale, commercial, industrial, and institutional segments.

Company Background

Headquartered in Surat, Gujarat, Solex Energy Limited has been a pioneer in India's solar manufacturing journey since 1995, putting soul in solar for nearly three decades. The company is among India's most trusted solar module manufacturers and holds globally recognized certifications while exporting to multiple countries. Solex serves as a preferred OEM partner to internationally recognized brands and is committed to accelerating the transition to clean, reliable, and sustainable energy.