Entered into 25-year PPAs for 480 MW in Gujarat with GUVNL and 400 MW in Punjab with PSPCL, scheduled to commence operations within 24 months of signing New Delhi – SAEL Industries Ltd. (SIL), an integrated renewable energy company, has signed two Power Purchase Agreements (PPAs) for solar photovoltaic (PV) power projects with a combined […]
NHPC Awards 1.2 GW Solar-Plus-Storage Projects to Reliance, SAEL, JBM, PNC, and Navayuga – EQ
In Short : Reliance, SAEL, JBM, PNC, and Navayuga have won NHPC’s 1.2 GW solar-plus-storage auction (Tranche-XI) at a tariff of ₹3.13/kWh. The projects include 600 MW of solar with 2,400 MWh of storage. Reliance won 390 MW, PNC and SAEL 300 MW each, JBM 150 MW, and Navayuga 60 MW, marking a major step in India’s hybrid renewable push. In Detail […]
SAEL Powers Ahead with ₹8,200 Crore Investment in High-Tech Solar Manufacturing Hub – EQ
In Short : SAEL Industries plans to invest ₹8,200 crore to build a 10 GW solar manufacturing facility in Greater Noida. The plant will include 5 GW of TOPCon solar cell production and 5 GW of module assembly. Construction will start in 2024, boosting SAEL’s total module capacity to 8.5 GW and supporting India’s drive […]
SAEL and PSPCL Forge 400 MW Solar Deal to Power Punjab’s Green Future – EQ
In Short : SAEL has signed a 400 MW solar power purchase agreement with PSPCL at a tariff of ₹2.97/kWh. The project is scheduled for commissioning within 24 months. This initiative will boost Punjab’s renewable energy capacity, lower carbon emissions, and support India’s clean energy targets while ensuring affordable and sustainable electricity supply for the state. […]
SAEL Secures US$132 Million Investment from NDB, AIIB & Societe Generale for Solar Project in Andhra Pradesh – EQ
New Delhi – SAEL Solar MHP1 Pvt. Limited, a subsidiary of SAEL Industries Ltd., a clean energy company, has secured a debt finance amounting to of US$132 million from three global financial institutions —Asian Infrastructure Investment Bank (AIIB), New Development Bank (NDB), and Societe Generale for development of a solar power project in Andhra Pradesh. […]
SAEL Commits ₹5,000 Crore for Solar Cell Plant in Uttar Pradesh to Boost Domestic Manufacturing – EQ
In Short : SAEL Industries will invest ₹5,000 crore to establish a 5 GW solar cell manufacturing facility in Greater Noida, Uttar Pradesh. The plant supports India’s push for local solar production, aligning with the upcoming ALMM policy. SAEL also plans an IPO within a year and may expand into wafers and ingots, strengthening its […]
SAEL secures $305 million in debut green bond issuance – EQ
In Short : SAEL has secured $305 million in its debut green bond issuance. This successful funding effort will support the company’s renewable energy projects and initiatives, furthering its commitment to sustainability and green energy development. In Detail : SAEL Group aims to increase the portfolio of solar and waste-to-energy assets to 5 GW by […]
ADB, SAEL Industries Sign 12.23 Billion Indian Rupee Deal for a 400 MW Solar Power Plant in Gujarat India
ADB, SAEL Industries Sign 12.23 Billion Indian Rupee Deal for a 400 MW Solar Power Plant in Gujarat India NEW DELHI, INDIA (24 January 2024) — The Asian Development Bank (ADB) and SAEL Industries Limited, through its subsidiary SAEL Solar P4 Private Limited, have signed a loan of up to 12.23 billion Indian rupees (about […]
SAEL raises Rs 1,325 crore via bonds – EQ Mag
Renewable energy firm SAEL has raised Rs 1,325 crore through the issuance of bonds. “SAEL, India’s largest waste-to-energy producer, has successfully culminated issuance of AA-rated bonds to the tune of Rs 1,325 crore. (approx $161 million),” a company statement said. The bonds were subscribed by a consortium of four leading institutions, namely, India Infradebt Ltd, […]