SOLEX Energy Limited, India’s leading solar brand, has signed a Memorandum of Understanding (MoU) with GMEE to expand its production capacity by 800 MW. With an investment of INR 700 million, this expansion will boost SOLEX Energy’s current 700 MW capability to 1.5 GW by the end of FY 24-25. The new manufacturing line will incorporate end-to-end automation with AI integration, producing high-efficiency N-Type TOPCon and Heterojunction Solar modules. This initiative aligns with SOLEX’s vision to achieve a 4.5 GW capacity by FY 2025-26, meeting the global demand for high-quality, Made in India solar modules.
SOLEX, GMEE collaborate for solar growth
SOLEX Energy’s production capacity is set to increase from 700 MW to 1.5 GW by the second quarter of FY 24-25. (Image Credit: SOLEX Energy)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
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Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
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