Manufacturing

Another new Indian BESS factory: Solex Energy to set up 5 GW solar and 10 GW battery plant at $420 million cost

Solex Energy has signed a memorandum of understanding (MoU) with the Government of Gujarat to set up a 5 GW solar cell manufacturing facility and a 10 GW battery energy storage system (BESS) factory in the state, with a total planned investment of more than $420 million.

By

Uma Gupta

May 05, 2026

Manufacturing

Indian-based energy firm Solex Energy has signed a memorandum of understanding (MoU) with the Government of Gujarat to set up a 5 GW solar cell manufacturing facility and a 10 GW battery energy storage system (BESS) factory in the state, with a total planned investment of INR 4,000 crore.

The company plans to develop the 5 GW solar cell facility in two phases, with 2 GW in Phase I and 3 GW in Phase II.

Headquartered in Surat, Gujarat, Solex Energy operates a fully automated, Industry 4.0-enabled manufacturing facility in Tadkeshwar, Gujarat, with a PV module production capacity of 4 GW.

According to a filing posted by the company, it said the MoU does not impose any financial restriction, contingent liability, penalty, or binding monetary obligation on Solex Energy.

From pv magazine India.

Written by

Uma Gupta
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