Solex Energy Limited (NSE: SOLEX), one of India’s most trusted and fastest-growing solar panel manufacturers, has announced a major capacity expansion with the launch of a new 2.2 GW solar module production line. With this strategic investment of ₹2 billion, Solex’s total module manufacturing capacity will reach approximately 4 GW, reinforcing its leadership in the Indian solar energy sector.
This expansion is a cornerstone of Solex’s Vision 2030, which focuses on innovation, sustainability, and large-scale impact in clean energy production. The new production line is scheduled for completion by September 2025, with commercial operations beginning in Q3 FY 2025–26.
Powered by advanced TOPCon (glass-to-glass) solar technology, the new line integrates high-end automation, AI and AOI (Automated Optical Inspection) tools, and a modern Manufacturing Execution System (MES) to ensure real-time traceability, enhanced productivity, and superior quality. The line will operate with an ultra-fast cycle time of less than 16 seconds per module, setting new benchmarks in module manufacturing efficiency.
“At Solex, our growth strategy is rooted in sustainable innovation. This expansion goes beyond capacity—it’s about creating skilled jobs, empowering technology, and strengthening our global partnerships,” said Chetan Shah, Chairman & Managing Director, Solex Energy Limited.
To bring this vision to life, Solex has partnered with Zhuhai Gmee Solar Equipment Company, ensuring access to cutting-edge technology and international expertise in solar manufacturing.
In FY 2023–24, Solex achieved an 80% revenue increase and maintained an impressive 110% CAGR, cementing its position as a leader in India’s renewable energy landscape. Audited financial results will be announced shortly.
As part of its Vision 2030, Solex is also planning a new solar cell manufacturing facility with an initial 2 GW capacity, scalable up to 5 GW. The company aims to scale module production to 15 GW and increase its workforce to over 25,000, supporting India’s clean energy mission and global sustainability goals.
