In a major development for India’s solar manufacturing sector, Gujarat-based Solex Energy has secured a work order worth ₹544.62 crore from Zelestra Group entities for the supply of high-efficiency N-Type TOPCon solar modules. The agreement marks one of Solex’s largest international orders to date and strengthens India’s role in the global solar supply chain.
Under the deal, Solex will deliver N-Type TOPCon 615/620 Wp glass-to-glass (G12R) modules, known for their high conversion efficiency, temperature tolerance, and long-term reliability. The deliveries are scheduled to take place in multiple tranches between February 2026 and November 2026.
The Zelestra Group, headquartered in Spain, operates across more than 13 countries including India, Chile, Peru, and the United States. Its Indian subsidiaries — Ganeko Six Energy Pvt. Ltd., Navia One Power Pvt. Ltd., Navia Two Power Pvt. Ltd., Navia Three Power Pvt. Ltd., and Ganeko Two Energy Pvt. Ltd. — will be the primary recipients of the solar modules supplied by Solex Energy.
The order reinforces Solex’s position as a fast-rising player in India’s renewable manufacturing ecosystem. The company operates a 4 GW fully automated solar module facility in Tadkeshwar, Gujarat, which has been steadily ramping up production. In FY 2026, Solex began commercial production at an 800 MW line, bringing total operational capacity to 1.5 GW, with an additional 2.5 GW expansion already underway.
Once the current expansions are completed, Solex’s total manufacturing capacity will reach 6.5 GW, with an ambitious roadmap to achieve 10 GW of solar module and 10 GW of cell production capacity by 2030.
This growth aligns closely with India’s drive for solar equipment localization under the “Make in India” initiative, as the country aims to reduce reliance on imported modules and cells.
Financially, Solex has been performing strongly, with its revenue for the first half of FY 2026 rising by 52% year-on-year to ₹4.15 billion, reflecting the company’s expanding order book and market traction.
While the stock market reaction to the announcement was mixed — with shares briefly declining by about 5% — industry analysts believe the deal will significantly strengthen Solex’s export credentials and reinforce confidence in India’s solar manufacturing capabilities.
With this landmark order from Zelestra Group, Solex Energy is positioning itself at the forefront of India’s evolving solar supply landscape, combining advanced technology, global partnerships, and manufacturing scale to meet the world’s clean energy needs.
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