Gujarat-based Solex Energy has signed a deal for 1.2 GW of solar module production equipment from China-based Jinchen Machinery. According to the manufacturer, the 600 MW first phase of the fab will be commissioned by October 2021. A memorandum of understanding signed with Jinchen stipulates the installation of phase two will begin as soon as the initial production capacity goes into operation.
The production line, which is being installed near Surat, will be fully automated and capable of manufacturing panels based on wafers up to 210mm in size and featuring multi-busbar cells and micro-gap technology.
Solex intends to take a ‘backward integration’ approach to expanding its production capacity as it will develop a 1 GW solar cell production facility after the module line is completed.
The National Stock Exchange listed company currently has a production plant at Anand, in Gujarat, since 2007.
REGlobal’s Views: The move by Solex goes well with the country’s current approach of promoting domestic solar equipment production.
