Solar Progress

Welcome to the latest edition of our newsletter. In this issue, we will explore the intersection of AI and blockchain with the solar industry. This time, we shift focus back to the core of our business – solar panel manufacturing in India and the exciting developments driving the renewable energy sector. This issue explores solar panel production, advancements in solar technology such as TopCon and HJT modules, the increasing use of energy storage, and PIXON's rise as a major Indian solar panel manufacturer.

India's renewable energy push has supercharged the local solar manufacturing industry. Government initiatives and rising demand have led to a rapid expansion of domestic production capacity. In fact, solar PV module manufacturers in India have nearly doubled the country’s module production capacity from 38 GW in March 2024 to 74 GW in March 2025. This growth, aided by the production-linked incentive (PLI) scheme, is creating jobs and reducing reliance on imports. The nation also added a record 25 GW of renewable energy in FY 2024-25, with solar power contributing almost 21 GW. As the country strives for energy self-reliance, the best solar companies in India are investing heavily in new factories and technologies to meet ambitious targets.

Such exponential growth solidifies India's position as a global hub for solar manufacturing. Policy support has been key – for example, the government now mandates that new large solar projects include energy storage for at least 10% of their capacity, ensuring stability for the grid. This move is expected to drive installation of ~14 GW of storage by 2030, further integrating renewable energy into India’s power mix. With strong government backing and innovation, solar panel manufacturers across India are scaling up production and aiming for higher efficiencies. It’s an exciting time for the industry, and companies are racing to position themselves among the best solar panel companies in India by focusing on quality and technological advancement.

PIXON's Advanced Manufacturing Facility: PIXON operates a state-of-the-art solar panel manufacturing facility in Gujarat, India, with an annual module production capacity of 1 GW . As a solar module manufacturing company in India, PIXON not only produces high-efficiency solar PV modules but also manufactures key solar components like EVA encapsulant films in-house to ensure quality and supply chain reliability. Founded in 2019 and backed by the Marwadi Group (with over 30 years of business experience), PIXON has quickly risen to rank among the top 10 solar energy manufacturers in India.

PIXON's growth story is a testament to its commitment to innovation and excellence. The company started with a 400 MW module line and is upgrading to 1 GW with multi-busbar technology for improved panel efficiency. It has also established a 1 GW production line for EVA film using European technology, making it one of the few solar products manufacturers in India with such vertical integration. As a home-grown solar panel manufacturing company in India headquartered in Gujarat, PIXON benefits from the region's strong industrial ecosystem and government support. The company has announced plans to further expand – adding another 1 GW module facility with integrated production lines to manufacture TopCon and HJT technology Modules. This forward-looking approach positions PIXON as a trailblazer, exemplifying what a solar manufacturing company in India can achieve through strategic investment and innovation. With its focus on quality and cutting-edge tech, PIXON strives to be the best solar panel company in India, delivering reliable products that drive the country’s renewable energy ambitions.

This leap in performance means modern solar modules produce more power using the same amount of sunlight, marking a significant step forward in renewable energy solutions.To remain competitive, solar module manufacturers are adopting the latest technology in solar panels, from advanced cell structures to improved panel architectures. PIXON, for instance, is leveraging mono PERC (Passivated Emitter and Rear Cell) technology and plans to introduce next-generation panels with heterojunction (HJT) and TOPCon cells by FY 2026-27 - innovations that significantly boost efficiency and performance.

The latest technology trends in solar panels can be summed up by a few key innovations being embraced by the best solar companies in India:

Monocrystalline PERC Modules: High-purity silicon cells combined with PERC technology to capture more light and deliver higher efficiency than traditional modules.

Bifacial Panels: Panels that produce power from both sides, capturing reflected sunlight on the rear side to increase energy yield.

Multi-Busbar (MBB) Cells: Using multiple thin wire busbars in cells reduces resistance and power loss, improving module efficiency and durability. PIXON's manufacturing upgrade to multi-busbar tech is one example of this enhancement.

HJT and TOPCon Cells: Cutting-edge cell designs. HJT (Heterojunction) layers crystalline and thin-film silicon for ultra-high efficiency, while TOPCon (Tunnel Oxide Passivated Contact) cells use advanced

passivation for better performance. PIXON is preparing to roll out panels with these technologies, keeping us at the industry's technological forefront.

By incorporating these innovations, solar panel manufacturers in India are pushing the boundaries of panel output and reliability. The result is more power from each solar PV module and a lower cost per watt, making solar energy an even more attractive source of power for both large projects and everyday consumers.

The emergence of storage presents a chance for solar developers like PIXON to provide more complete energy solutions.Reliable batteries and energy storage systems enable solar power to be used on demand, reducing intermittency issues and helping maintain grid stability. We are closely watching advancements in battery technology – from improved lithium-ion batteries to emerging alternatives – to complement our solar offerings. By integrating storage, the solar manufacturing company in India of tomorrow won’t just sell modules, but complete solutions for round-the-clock clean power. The convergence of solar and storage is set to revolutionize how we think about energy, moving us closer to a future where clean solar electricity powers our homes and businesses day and night.

The strides in solar manufacturing and technology are not just about business growth; they are about building a sustainable future. India's commitment to renewable energy is clear, with a target of 500 GW of non-fossil fuel capacity by 2030, and every new innovation brings us a step closer to that goal. PIXON is proud to contribute to this vision. By continuously improving our solar PV modules and embracing the latest industry trends, we ensure that our partners and customers get the latest technology in solar panels and reliable performance. Our journey from a startup in 2019 to a solar module manufacturer with gigawatt-scale capacity reflects the potential of Indian enterprise and engineering.

In summary, this edition spotlighted how India's solar industry is evolving and how PIXON is leading the charge. From ramping up manufacturing capacity and pioneering monocrystalline module technology, to exploring energy storage integrations, we remain committed to delivering excellence at every step. As one of the best solar panel manufacturers in India, PIXON will continue to innovate and set higher benchmarks in quality and sustainability.

Thank you for reading, and stay tuned for more updates on how PIXON and the solar industry at large are shaping India's clean energy landscape.