Mumbai, July 14 -- Solex Energy has secured a Rs 6,280 million (mn) order for solar modules from a global renewable energy group covering projects in the Asia Pacific region. The contract will see delivery of premium photovoltaic modules and related logistics services over the next year. The company said the deal will boost its export pipeline. The purchaser is a multinational developer active in utility scale solar and storage projects.
Under the agreement Solex Energy will manufacture modules at its facilities and coordinate shipments to multiple sites across the region. The order is set to increase factory utilisation and generate additional manufacturing employment. Supply timelines were outlined with staggered deliveries to match project schedules and grid connection plans. Quality assurance protocols will be subject to third party inspection.
The company positioned the contract as a validation of its technology and quality controls and said it expects stronger commercial traction in export markets. Analysts noted the transaction underlines growing demand for reliable module supply in the Asia Pacific as developers accelerate renewable capacity additions. The order complements domestic sales and planned capacity expansion. Market observers noted supply chain resilience as a key consideration for buyers.
Solex Energy will also work with logistics partners to streamline customs clearance and inland transportation, reducing lead times. The firm informed that warranties and performance guarantees will be provided to the purchaser as part of the supply package. Risk mitigation measures were described for currency and freight volatility. Insurance arrangements were confirmed to cover transit risks.
Industry executives said the order may accelerate local project commissioning and encourage further investment in module manufacturing. The transaction is likely to influence supplier selection criteria as developers prioritise proven performance and timely delivery. Solex Energy plans to use the proceeds to strengthen working capital and to support research and development initiatives. The company indicated it will closely monitor project milestones and performance metrics.
Published by HT Digital Content Services with permission from Construction World.