Solex Energy Partners with Germany’s ISC Konstanz, Launches India’s First Rear Contact Solar Module

Solex Energy, a key player in India’s solar manufacturing sector, has announced a series of major developments aimed at strengthening its technological capabilities and expanding production capacity.

The company has entered into a strategic partnership with ISC Konstanz, a leading German research institute, to advance solar research and introduce next-generation technologies to the Indian market. As part of its innovation drive, Solex also unveiled India’s first rear contact solar module, named Tapi TRC, marking a significant milestone in domestic solar manufacturing. The new module is expected to deliver higher efficiency and performance compared to traditional solar panels.

To support its expansion plans, Solex Energy plans to raise Rs 1,500 crore, including Rs 500 crore through Qualified Institutional Placement (QIP) and Rs 1,000 crore in debt financing, backed by a consortium led by the State Bank of India (SBI). The company aims to complete the equity raise within the next three months.

The funds will be utilized to establish a 2.2 GW solar cell manufacturing facility by March 2027, requiring an investment of Rs 1,200 crore, and to expand its module capacity by 2.5 GW, with an investment of Rs 200 crore.

Solex currently operates 4 GW of module manufacturing capacity and has set an ambitious goal of achieving 10 GW module and cell capacity by 2030. The company’s total planned investment stands at $1.5 billion, with a target to create 25,000 jobs by the end of the decade.

These initiatives reflect Solex Energy’s long-term vision to enhance domestic solar production, promote technological innovation, and contribute to India’s renewable energy goals. The collaboration with ISC Konstanz and the launch of the Tapi TRC module position the company at the forefront of India’s solar technology transformation.