Solex Energy Ltd
About the Company
Solex Energy is the first company to manufacture solar modules for leading global solar companies, showcasing its technical and operational expertise. Its advanced Mono-PERC, TopCON, and HJT solar modules, with capacities ranging from 540wp to 750wp, are produced in a state-of-the-art, highly automated facility driven by Industry 4.0 principles. The integration of big data, robotics, and automation significantly enhances its production efficiency.
Beyond manufacturing, the company provides comprehensive Solar EPC services, offering tailored solutions for both ground-mounted and rooftop installations. It also manages solar assets through an Operation & Maintenance model, delivering a full range of products and services to meet diverse customer needs. Its commitment to innovation and sustainability positions it as a key player in supporting India’s transition to a greener future.
Industrial Outlook
- The Indian government's endorsement of the development of 11 industrial corridors across the country, as part of the National Industrial Corridor Program, aims to create advanced industrial cities on par with leading global manufacturing hubs. This initiative is expected to significantly elevate the demand for LPG as a cleaner energy source, offering extended growth prospects for AEGIS's LPG division.
- Growing usage of LPG as a cleaner fuel over coal & diesel in the manufacturing sector provides multi-year growth visibility. Unlike coal and diesel which emit 211.5 and 163.5 pounds of CO2, respectively, per mmbtu upon combustion, LPG emits only 138.6 pounds of CO2 per mmbtu, making it a much cleaner fuel for industrial applications.
Capsule’s View
India, with its vast population and rapidly expanding economy, faces significant challenges when it comes to conventional energy resources. However, the country is well-positioned to harness renewable energy, particularly solar power, thanks to its abundance of sunshine throughout most of the year. Additionally, the hydropower sector presents untapped opportunities, especially in northeastern states, where efforts to explore this potential are gaining momentum. Currently, India ranks as the world’s third-largest energy consumer, with peak power demand reaching 243.27 GW as of November 30, 2023. Globally, India ranks fourth in renewable energy installed capacity, including large hydro projects, and holds the same position in wind and solar power capacity.