Empowering Gujarat: Solex Energy’s Bold Solar Investment

Solex Energy, a leading solar energy solutions provider, announced plans to invest Rs 4,000 crore in Gujarat. The investment will fund the development of an integrated solar cell manufacturing plant and a battery energy storage system (BESS).

The company signed a Memorandum of Understanding (MoU) with the Gujarat government to create an advanced renewable energy manufacturing ecosystem. This initiative aims to establish Gujarat as a global leader in clean-tech by boosting industrial growth and employment opportunities.

The Surat-based firm will begin with a 2-GW solar cell facility in the first phase before expanding to 5-GW. These efforts align with India's renewable energy goals and lay the foundation for a clean energy future, according to Chetan Shah, Chairman & Managing Director of Solex Energy.

(With inputs from agencies.)