Renewable Energy Solutions Provider CleanMax’s IPO Subscribed 94%

NVVN Issues Tender for 2.1 MW Rooftop Solar Projects at Three AIIMS Sites

POWERGRID Commissions Project to Evacuate 8.1 GW Solar Power from Rajasthan

Vikram Solar Secures 378 MW Module Supply Order from NTPC-Indian Oil JV

NTPC Tenders Green Ammonia and Methanol Projects in Andhra Pradesh

Keltron Floats Tender for 1.5 MW Rooftop Solar Project in West Bengal

US Hits Indian Solar Cells with 126% Preliminary Countervailing Duties

Daily News Wrap-Up: Kerala Approves Smart Prepaid Billing Procedure

Project Finance Brief: Atlas Renewable Energy Secures $3B Refinancing

Renewables Growth Yet to Shift Thermal-Centric State Procurement Strategies


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2026/01/amazon_polly_88968.mp3?version=1768225615">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>Gujarat-based solar module manufacturer <a href="https://solex.in/" target="_blank" rel="noopener">Solex Energy</a> has secured a work order worth ₹2.76 billion (~$30.5 million) to supply 615 Wp N-type TOPCon and 620 Wp glass-to-glass solar modules from an independent power producer.</p>
<p>The modules must be supplied by May 2026.</p>
<p>In October 2025, Solex <a href="https://www.mercomindia.com/solex-energy-to-supply-solar-modules-to-zelestra-group-for-%E2%82%B95-44-billion" target="_blank" rel="noopener">received</a> a work order worth over ₹5.44 billion (~$61.33 million) from the Spain-based renewable energy project developer Zelestra Group to manufacture and supply N-Type TOPCon 615/620Wp glass-to-glass solar modules. The order will be completed in tranches by February and November 2026.</p>
<p>In the first half of the financial year 2026, it <a href="https://www.mercomindia.com/solex-energys-revenue-up-52-yoy-to-%E2%82%B94-billion-in-h1-fy2026" target="_blank" rel="noopener">reported</a> a 52% year-over-year revenue growth of ₹4.15 billion (~$46.83 million)  from ₹2.73 billion (~$30.81 million). The growth was driven by expansion across its manufacturing and EPC business, an increase in demand across both domestic and international markets, and a rapidly expanding project portfolio.</p>
<p>Apart from manufacturing modules, Solex also provides engineering, procurement, and construction services for the renewable energy sector.</p>
<p>Solex said it is diversifying its customer portfolio, serving government agencies, public sector undertakings, corporate clients, and global partners across more than 20 Indian states and several international markets.</p>
<p>The company <a href="https://www.mercomindia.com/solex-to-expand-module-manufacturing-capacity-by-2-2-gw" target="_blank" rel="noopener">operates</a> a fully automated 4 GW solar manufacturing facility at Tadkeshwar, near Surat in Gujarat, which will integrate advanced robotics, precision engineering, and quality systems to manufacture high-efficiency solar modules with power ratings exceeding 600 W.</p>
<p>During FY 2026, Solex commenced commercial production of 800 MW at this facility, increasing its total operational capacity to 1.5 GW. It has also launched a 2.5 GW expansion project, which is currently in the testing phase. Additionally, Solex plans another 2.5 GW expansion by the end of FY 2026, bringing its total installed capacity to 6.5 GW.</p>
<p>The company plans to achieve 10 GW of solar module and 10 GW of solar cell manufacturing capacity by 2030.</p>
<p>In the background of the Ministry of New and Renewable Energy <a href="https://mercomindia.com/mnre-proposes-almm-for-wafers-ingots-in-solar-backward-integration-push" target="_blank" rel="noopener">proposing</a> the Approved List for Models and Manufacturers for ingots and wafers, Solex is exploring upstream integration through wafer and ingot manufacturing to establish a fully integrated solar value chain in India.</p>


Solex Energy Secures ₹2.76 Billion Module Supply Order


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2025/10/amazon_polly_85519.mp3?version=1760426821">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>Gujarat-based solar module manufacturer, <a href="https://solex.in/" target="_blank" rel="noopener">Solex Energy</a>, has received a work order worth over ₹5.44 billion (~$61.33 million) from the Spain-based renewable energy project developer <a href="https://zelestra.energy/" target="_blank" rel="noopener">Zelestra Group</a> to manufacture and supply N-Type TOPCon 615/620Wp glass-to-glass (G12R) solar modules.</p>
<p>The order will be completed in tranches by February and November 2026.</p>
<p>Solex Energy operates a fully automated 4 GW solar manufacturing facility at Tadkeshwar, near Surat, in Gujarat. The facility integrates advanced robotics, precision engineering, and quality systems to manufacture high-efficiency solar modules with power ratings of more than 600 W.</p>
<p>During the financial year (FY) 2026, Solex commenced commercial production of 800 MW at this facility, increasing its total operational capacity to 1.5 GW. It has also launched a 2.5 GW expansion project. The company has planned another 2.5 GW expansion by the end of FY 2026, which will increase its total installed capacity to 6.5 GW.</p>
<p>The company aims to achieve 10 GW of solar module and 10 GW of solar cell manufacturing capacity by 2030.</p>
<p>Solex <a href="https://www.mercomindia.com/solex-energys-revenue-up-52-yoy-to-%E2%82%B94-billion-in-h1-fy2026" target="_blank" rel="noopener">reported</a> a 52% year-over-year revenue growth of ₹4.15 billion (~$46.83 million) in the first half of the financial year 2026, from ₹2.73 billion (~$30.81 million). The growth was driven by expansion across its manufacturing and engineering, procurement, and construction business, an increase in demand across both domestic and international markets, and a rapidly expanding project portfolio.</p>
<p>In May this year, Solex Energy <a href="https://www.mercomindia.com/almm-enlisted-solar-module-capacity-rises-to-87-97-gw" target="_blank" rel="noopener">added</a> 767 MW solar module manufacturing capacity under the Ministry of New and Renewable Energy’s Approved List of Models and Manufacturers.</p>
<p>The Zelestra Group operates across more than 13 countries, including India, Spain, Italy, Chile, Peru, and the U.S.</p>
<p>Last November, Zelestra (Ganeko Solar) was among the <a href="https://www.mercomindia.com/renew-eg-energy-dineshchandra-serentica-tata-win-sjvns-1-2-gw-fdre-auction" target="_blank" rel="noopener">winners</a> of SJVN’s auction to supply 1,200 MW firm and dispatchable power from ISTS-connected renewable energy projects with energy storage systems under tariff-based competitive bidding (FDRE II).</p>


Solex Energy to Supply Solar Modules to Zelestra Group for ₹5.44 Billion


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2025/10/amazon_polly_85385.mp3?version=1760077934">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>Gujarat-based solar module manufacturer, <a href="https://solex.in/" target="_blank" rel="noopener">Solex Energy</a>, has reported a 52% year-over-year (YoY) revenue growth of ₹4.15 billion (~$46.83 million) in the first half (1H) of the financial year (FY) 2026, from ₹2.73 billion (~$30.81 million).</p>
<p>The growth was driven by expansion across its manufacturing and engineering, procurement, and construction business, an increase in demand across both domestic and international markets, and a rapidly expanding project portfolio.</p>
<p>Solex said it is diversifying its customer portfolio, serving government agencies, public sector undertakings, corporate clients, and global partners across more than 20 Indian states and several international markets.</p>
<p>On October 8, 2025, Solex Energy completed its migration from the NSE Emerge platform to the NSE main board.</p>
<p>The company operates a fully automated 4 GW solar manufacturing facility at Tadkeshwar, near Surat in Gujarat. It said the facility integrates advanced robotics, precision engineering, and quality systems to manufacture high-efficiency solar modules with power ratings of more than 600 W.</p>
<p>During FY 2026, Solex commenced commercial production of 800 MW at this facility, increasing its total operational capacity to 1.5 GW. It has also launched a 2.5 GW expansion project, which is currently in the testing phase. Additionally, Solex plans another 2.5 GW expansion by the end of FY 2026, which will increase its total installed capacity to 6.5 GW.</p>
<p>The company plans to achieve 10 GW of solar module and 10 GW of solar cell manufacturing capacity by 2030. It is also exploring upstream integration through wafer and ingot manufacturing to establish a fully integrated solar value chain in India.</p>
<p>Solex stated that its long-term strategy involves investments exceeding $1 billion.</p>
<p>In May this year, Solex Energy <a href="https://www.mercomindia.com/almm-enlisted-solar-module-capacity-rises-to-87-97-gw" target="_blank" rel="noopener">added</a> 767 MW solar module manufacturing capacity under the Ministry of New and Renewable Energy’s updated approved list of models and manufacturers.</p>
<p>In April, Solex Energy <a href="https://www.mercomindia.com/solex-to-expand-module-manufacturing-capacity-by-2-2-gw" target="_blank" rel="noopener">announced</a> an expansion of its 1.5 GW module manufacturing plant in Tadkeshwar, Gujarat, with a new 2.2 GW solar module production line.</p>


Solex Energy’s Revenue Up 52% YoY to ₹4 Billion in 1H FY2026

solex-energy

Get the most relevant India solar and clean energy news.

RECENT POSTS