Solex Energy has signed a memorandum of understanding (MoU) with the Government of Gujarat to set up a 5 GW solar cell manufacturing facility and a 10 GW battery energy storage system (BESS) factory in the state, with a total planned investment of INR 4,000 crore.
The company plans to develop the 5 GW solar cell facility in two phases, with 2 GW in Phase I and 3 GW in Phase II.
Headquartered in Surat, Gujarat, Solex Energy operates a fully automated, Industry 4.0-enabled manufacturing facility in Tadkeshwar, Gujarat, with a PV module production capacity of 4 GW.
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