Solex Energy signs MoU with Germany’s ISC Konstanz for solar R&D tie-up

Solar equipment manufacturer Solex Energy has signed a memorandum of understanding (MoU) with Germany’s ISC Konstanz for research and development and technology collaboration in solar cell manufacturing.

Chetan Shah, Chairman and Managing Director of Solex Energy, described the company’s rear-contact solar module as a more efficient technology, with the entire front surface available to absorb sunlight.

He explained that the module can generate power in low light conditions, high temperatures, snow-clad as well as coastal areas-enabling performance in the Himalayan mountains and the rainy regions of the Northeast.

Highlighting the sharp growth in India’s manufacturing capacity from 6 GW in 2019 to 120 GW now, Shah said that for every 1,000 W available per square metre of sunlight, solar energy can now generate 250 W per square metre.

He termed the new offering an export opportunity for Europe and the US, where sunlight is limited. Shah noted that global markets increasingly trust Indian solar equipment makers despite rising competition, with deployment accelerating and demand growing for storage-backed solar power to ensure round-the-clock supply to data centres.

He added that higher module efficiency has reduced the land required per MW of solar capacity from 7 acres in 2010 to 2.5 acres now.

By 2030, Solex Energy aims to reach a valuation of ₹1 lakh crore, secure $1.5 billion in investments, and establish 10 GW each of solar module and solar cell manufacturing capacity.

Also Read: Radico Khaitan expects over 20% volume growth in FY26 led by luxury portfolio