Solex Energy Ltd aims to allocate more than Rs 8,000 crore for enhancing solar technology and expanding operations by 2030, establishing the company as a complete solar solutions provider. The company is looking into building a new cell manufacturing plant starting at a capacity of 2 GW, which can be expanded to 5 GW.
Its module manufacturing capacity will increase to 15 GW from 1.5 GW. Solex plans to increase its staff to more than 25,000 people to accommodate the expansion of its capabilities.
“With the introduction of N-Type TOPcon Technology featuring Rectangular Cells, Solex Energy is raising the bar for efficiency and reliability,” Chetan Shah, Chairman and Managing Director of Solex Energy said.
An essential part of the strategy involves introducing the Tapi-R series of solar panels, utilizing N-Type TOPcon technology and a rectangular cell layout, to establish a higher benchmark for solar power production in India. The Tapi-R series features a cell dimension of 182.2 x 210 mm and includes 132 half-cut cells, providing a maximum power output of 625 WP with a module efficiency of 23.14%.
It is well-suited for big solar projects in difficult areas like deserts and barren lands, offering an 80% bifacial rate and a -0.28%/°C power temperature coefficient. Additionally, the series comes with a 12-year product warranty and a 30-year linear performance guarantee, ensuring minimal annual degradation.
It was stated that Solex Energy is dedicated to helping India reach its target of having 500 GW of non-fossil fuel-based electricity capacity by 2030, alongside advancements in technology.
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