Solex Energy Limited, one of India’s fastest-growing integrated solar energy solution providers, has signed a landmark Memorandum of Understanding (MoU) with the Government of Gujarat to establish a large-scale advanced renewable energy manufacturing ecosystem in the state, with a proposed investment of approximately ₹4,000 crore.
The MoU was signed by Shri Vipul Shah, Director, Solex Energy Limited, and Shri Swaroop P, IAS, Industrial Commissioner, Government of Gujarat. The signing ceremony was graced by the presence of Shri Bhupendra Patel, Hon’ble Chief Minister of Gujarat; Shri Hardeep Singh Puri, Hon’ble Minister of Petroleum and Natural Gas, Government of India; Shri C. R. Patil, Hon’ble Union Minister of Jal Shakti, Government of India; and Shri Harsh Sanghavi, Hon’ble Deputy Chief Minister of Gujarat, underscoring the strong support of both the Central and State Governments for this landmark investment.
This ambitious project marks a transformational milestone in Solex Energy’s journey as it completes 30 years of powering India’s solar revolution, reinforcing its commitment to supporting the nation’s clean energy transition and strengthening India’s self-reliance in renewable energy manufacturing.
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.
Commenting on the development, Dr. Chetan Shah, Chairman & Managing Director, Solex Energy Limited, said, “This MoU is not merely an investment announcement; it is a commitment towards India’s clean energy future. At Solex Energy, we are envisioning the next phase of growth through scale, innovation, and nation-building. Our integrated solar cell and energy storage manufacturing project will strengthen domestic manufacturing capabilities, reduce import dependence, and help build a resilient renewable energy ecosystem for generations to come.”
He further added, “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.”
With over three decades of expertise in solar manufacturing, EPC, and renewable energy solutions, Solex Energy has built a strong reputation for quality, innovation, and reliability, serving marquee clients across government, PSU, industrial, and international markets.
This project is expected to further elevate Solex’s role in India’s renewable manufacturing landscape by expanding its footprint into high-value solar cell production and nextgeneration energy storage systems, two critical pillars of the global energy transition.
As India advances towards its ambitious clean energy targets, Solex Energy continues to remain focused on its mission, “Accelerating the transition to clean and sustainable energy through innovative and reliable solar solutions.”
