RAYZON Solar Limited and Caelux Corporation sign 5 GW partnership to develop perovskite‑TOPCon solar modules in India
Type: Partnership · Technology: Solar · Country: India · Capacity: 5 GW · Announced: 2026-07-23
RAYZON Solar Limited and Caelux Corporation signed a five‑year partnership to jointly develop up to 5 GW of perovskite‑TOPCon solar modules in India. The collaboration will integrate perovskite technology with TOPCon cell architecture to achieve module efficiencies of up to 28 %. Production is planned to commence within the partnership term, supporting India’s target to expand renewable‑energy capacity by 2030. The deal aligns with India’s manufacturing push and provides both companies access to the fast‑growing Indian solar market. No financial terms were disclosed, and the parties did not name advisors or lenders in the announcement.
Counterparties
- RAYZON Solar Limited (Partner)
- Caelux Corporation (Partner)
📈 The Sherpa Signal — one notable infrastructure deal a day.