SAEL Invests $955M in 5-GW Solar Plant, Uttar Pradesh

• SAEL Industries to boost solar capacity with INR 82 billion investment in Greater Noida, aligning with India's domestic sourcing mandate for solar projects.

SAEL Industries Ltd plans to invest INR 82 billion in a 5-GW solar cell and module manufacturing plant in Greater Noida, Uttar Pradesh. The facility, developed through SAEL Solar P6 Pvt Ltd, will increase the company's total solar production capacity to 8.5 GW. Construction is set to begin later this year under the Yamuna Expressway Industrial Development Authority.

The project supports India's Approved List of Models and Manufacturers (ALMM), mandating domestic sourcing for government solar projects by June 2026. SAEL currently operates solar module lines in Rajasthan and Punjab with a 3.3 GW capacity and engages in solar and waste-to-energy power production.

How will SAEL's new plant impact India's solar manufacturing and ALMM compliance?

• The new plant will significantly boost India's domestic solar manufacturing capacity, aligning with the country's goal to reduce reliance on imported solar components.
• By increasing SAEL's total production capacity to 8.5 GW, the plant will help meet the growing demand for solar energy in India, supporting the country's renewable energy targets.
• The facility will enhance SAEL's ability to comply with the ALMM requirements, ensuring that their products are eligible for government-backed solar projects.
• The investment will likely create numerous jobs in the Greater Noida region, contributing to local economic development and skill enhancement in the renewable energy sector.
• The plant's strategic location in Uttar Pradesh could facilitate better logistics and distribution of solar products across northern India.
• By expanding its manufacturing capabilities, SAEL can potentially lower production costs, making solar energy more affordable and accessible in the Indian market.
• The project underscores the Indian government's commitment to fostering a robust domestic solar manufacturing industry, which is crucial for energy security and sustainability.
• SAEL's increased capacity may encourage further investments in solar technology innovation and research within India, promoting advancements in efficiency and performance.