SAEL to invest ₹8,200 crore in 10 GW solar manufacturing facility in Greater Noida
SAEL Industries
Limited, through its subsidiary SAEL Solar P6 Private Limited, will invest ₹8,200 crore to establish an integrated solar cell and module manufacturing facility under the
Yamuna Expressway Industrial Development Authority
(YEIDA), taking the company's total solar manufacturing capacity to 8.5 GW.
The plant, to be located in
Greater Noida
, will include a 5 GW
solar cell manufacturing
unit and a 5 GW module manufacturing line. Construction of the facility is scheduled to begin in 2024.
Uttar Pradesh Chief Minister Yogi Adityanath handed over the Letter of Comfort to SAEL Director and Co-Founder Sukhbir Singh Awla. 'Uttar Pradesh is charting a bold and aggressive path towards renewable energy, setting an ambitious target of generating green energy. Projects like the one undertaken by SAEL's ₹8,000 crore are vital to achieving this. This is the future, and Uttar Pradesh is ready to lead," the Chief Minister said.
Commenting on the project, Sukhbir Singh Awla said, 'We thank the Government of Uttar Pradesh for entrusting and facilitating SAEL Industries Ltd. to establish a
solar manufacturing facility
. This facility will be a major leap for scaling our manufacturing capabilities and reinforcing our contribution to the future of solar manufacturing in India.'
The upcoming plant will manufacture Tunnel Oxide Passivated Contact (TOPCon) solar cells. These will be assembled into modules at the in-house line. The project supports SAEL's backward integration strategy to serve its solar Independent Power Producer (IPP) business and contribute to the domestic solar value chain.
SAEL has a total of 6.7+ GW of Solar IPP assets, including operational and under-construction projects across India. The company already has a 3.5 GW TOPCon module assembly capacity—3.2 GW in Rajasthan and 300 MW in Punjab.
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