Under the agreement, Solex Energy will set up a 5 giga watt (GW) Solar Cell Manufacturing Facility (to be developed in phases – Phase I: 2 GW, Phase II: 3 GW) and 10 GW Battery Energy Storage System (BESS) Manufacturing Facility.
The proposed integrated manufacturing ecosystem will significantly contribute to Gujarat’s emergence as a global clean-tech manufacturing hub while generating substantial employment opportunities, fostering industrial growth, and accelerating India’s renewable energy ambitions, the company said.
“This MoU is not merely an investment announcement, it is a commitment towards India’s clean energy future,” Chetan Shah, Chairman & Managing Director, Solex Energy, said.
“Aligned with our Vision 2030, Solex remains committed to building not just infrastructure, but impact, through sustainable innovation, job creation, and skill development, especially by empowering young talent from underserved and tribal communities,” he said.
