SAEL to Invest USD 954 Million in 5GW Solar Plant in Uttar Pradesh

In a significant boost for India's clean energy manufacturing sector, SAEL Industries Ltd has announced a significant Rs 8,200 crore (USD 954 million) investment to establish a 5GW solar cell and module manufacturing plant in Greater Noida, Uttar Pradesh.

The investment is one of the largest in the Indian solar manufacturing sector and substantially increases domestic capacity at a time when India is scaling up efforts to achieve self-reliance in clean energy components.

The new plant, which is expected to be completed in 2025, will bring the total module production capacity of SAEL to 8.5GW per year. This deal also coincides with the new Indian government's guidelines requiring solar cells manufactured in India to be used in state tenders starting in June 2026. The policy is aimed primarily at reducing reliance on imported components, especially from China.

Also Read: Flexible Manufacturing System: Enhancing Efficiency and Adaptability

Currently, India has approximately 80GW of module capacity and only 15GW of cell capacity, and SAEL will help to reduce this gap as it expands its offerings in both categories. SAEL already has 6.7GW of solar assets on the market, and plans to grow it to 10GW in 3 years and to target 18–20GW by 2030.

 Backed by strong financials, including a recent USD 305 million green bond and plans for a 2025 IPO, SAEL’s move signals rising investor confidence and a deepening industrial commitment to India’s clean energy ambitions.