Through one of the largest investments seen so far in the solar manufacturing space in India, the plant in Greater Noida will boost SAEL’s total module manufacturing capacity to 8.5 GW.

Construction is expected to begin this year.

The move aligns with India’s push to localise solar manufacturing. From June 2026, only domestically made solar cells from approved manufacturers will be allowed in government projects.

India currently has 80 GW of module manufacturing capacity but about 15 GW of cell capacity, with most modules relying on Chinese imports.

SAEL operates assets capable of generating more than 6.7 GW of solar power, including operational and constructional projects, and aims to drive that to 10 GW in three years. The company has already raised more than $2.4 billion in equity and debt, and has issued a $305-million green bond in 2024.

“By 2030, tentatively, we are looking at a power generation capacity of around 18 to 20GW as an independent power producer,” Laxit Awla, CEO of SAEL Industries said.

The company also plans to file for an initial public offering this year, Awla said, declining to share more details about the timing and size of the IPO.

SAEL’s revenue from its biomass and independent power production business nearly doubled to 6.87 billion rupees in fiscal 2025 from fiscal 2023. The company aims to grow its revenue from these businesses to 30.94 billion rupees by fiscal year 2027.

($1 = 85.9500 Indian rupees)

Reference : https://www.reuters.com/sustainability/climate-energy/indian-clean-energy-firm-sael-invest-954-mln-solar-manufacturing-plant-2025-07-14/

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Data from the Central Electricity Authority showed 6.45 GW of renewable energy capacity was added in the first two months of this financial year. This is more than double the 3 GW of renewable energy capacity added in the corresponding months of 2024-25.

About 700 MW of nuclear power capacity and 200 MW of large hydro capacity were also added in April and May. 

No thermal capacity was added in April and May, while about 430 MW capacity was retired.

Installation of renewable energy capacity gained momentum in previous months as developers rushed to complete projects before the end of a waiver on transmission charges for inter-state transmission systems for renewable projects, said sector experts.

A 100% waiver on transmission charges for solar and wind power projects ended in June. Projects completed by the deadline will benefit from the 100% waiver for the next 25 years. Introduced in 2010, the waiver was amended and extended several times.

India is aiming for 500 GW of non-fossil power generation capacity by 2030. With the latest additions, India’s installed renewable energy capacity, including large hydro projects, stood at 226.75 GW, taking the country’s total non-fossil capacity to 283.45 GW.

Reference : https://www.livemint.com/news/india-power-capacity-renewable-nuclear-energy-april-may-11751548615277.html

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