InsidEnergy

Slider Image

Solex Energy says its 3.78-GW solar module facility gets ALMM approval

By PTI | New Delhi 

Solex Energy on Monday said its 3.78-gigawatt solar module manufacturing facility in Surat has got approval under the government’s ALMM framework, which ensures the reliability of its products in the domestic market.

pexel

The Ministry of New & Renewable Energy (MNRE) has introduced the Approved List of Models & Manufacturers (ALMM) for solar PV modules and cells. The mechanism ensures the reliability of the producer and protects the users’ interest, while ensuring the larger energy security of the country.

Solex Energy has got ALMM approval from the Ministry of New and Renewable Energy for its 3.78 gigawatt solar module capacity. The facility located at Surat (Gujarat) has become an enlisted solar PV module manufacturing capacity, the company said in an exchange filing.

“The approval reinforces our commitment to strengthening India’s domestic solar manufacturing ecosystem while accelerating the transition towards clean and sustainable energy,” the company’s CMD Chetan Shah said.

Gujarat-based Solex Energy looks to increase its module manufacturing capacity to 15 GW, which is expected to cost Rs 8,000 crore. 

Solex Energy is engaged in renewable energy solutions. The company manufactures, distributes, and installs solar photovoltaic modules, home and street lights, lanterns, power plants, solar inverters, water heating systems, and wood-fired water heaters. Solex Energy also provides solutions for solar rooftop systems.

Also read: NTPC Green Energy Limited (NGEL) and Assago sign MoU to Develop India’s First Indigenous Green Urea Plant at Pudimadaka Green Hydrogen Hub

Other Articles You May Read

Coal mine development agreements with underground coal gasification provisions signed

By Enersider Desk | New Delhi The Ministry of Coal has executed Coal Mine/Block Production and Development Agreements (CMDPAs) with…

REC declares profit of Rs. 16,282 crore and total dividend of Rs. 18.55 per share for the year

By Enersider Desk | New Delhi REC Limited has approved the annual standalone and consolidated financial results for the year…

Rajesh Kumar Agarwal appointed as Director (Finance) of Power Finance Corporation Limited

By Enersider Desk | New Delhi The union government has appointed Rajesh Kumar Agarwal as Director (Finance) at Power Finance…

Battery Smart secures USD 15 million debt funding from Mirova to accelerate electric mobility across India

By Enersider Desk | New Delhi Battery Smart (Upgrid Solutions Private Limited) has secured USD 15 million debt funding from…