New Delhi, 30th September 2024: Solex Energy Limited (NSE: SOLEX), India’s leading solar brand, has announced a groundbreaking investment exceeding INR 8,000 crores as part of its Vision 2030 strategy. This strategic initiative reflects Solex’s commitment to advancing solar technology and scaling operations, positioning the company as a fully integrated solar player.
As part of this ambitious plan, Solex is exploring the development of a new cell manufacturing facility with an initial capacity of 2 GW, designed to scale up to 5 GW. Its module manufacturing capacity will also be increased from 1.5 GW to 15 GW. Solex aims to expand its workforce to over 25,000 to support this growth.
Chetan Shah, Chairman & Managing Director of Solex Energy Limited, stated, “Vision 2030 represents a key milestone in our journey to becoming a fully integrated solar company. With the introduction of N-Type TOPcon Technology featuring Rectangular Cells, Solex Energy is raising the bar for efficiency and reliability.”
A major component of Vision 2030 is the launch of the Tapi-R series. This revolutionary solar module incorporates N-Type TOPcon Technology and a rectangular cell design, setting a new standard for solar energy generation in India. The series, named after the Tapi River, a symbol of vitality in the region where Solex is headquartered, and the “R” for its rectangular cell design, significantly enhances power efficiency and reliability.
The Tapi-R series comprises a cell size of 182.2 x 210 mm and 132 Half-Cut cells, delivering up to 625 WP of power with an impressive 23.14% module efficiency. It is particularly suited for large-scale solar projects in challenging environments, such as deserts and barren lands, with a bifacial rate of approximately 80% and a power temperature coefficient of -0.28%/°C. The series also includes a comprehensive 12-year product warranty and a 30-year linear performance guarantee, with the lowest annual degradation.
Shah added, “With the launch of the Tapi-R series, we are proud to be the first Indian manufacturer to offer modules with such advanced technology. We recently became the first Indian PV module manufacturer to secure the prestigious MCS 005 certification under the BSI Kitemark, accredited by the United Kingdom Accreditation Service (UKAS). This achievement reaffirms our dedication to quality, trust, and excellence.”
In addition to technological advancements, Solex Energy Limited is committed to supporting India’s national goal of achieving 500 GW of non-fossil fuel-based installed electricity capacity by 2030. The company is also actively engaged in community development through its Corporate Social Responsibility (CSR) initiatives.
