- SAEL Industries will build a $954 million, 5 GW solar cell and module plant in Uttar Pradesh, increasing total module capacity to 8.5 GW.
- The move aligns with India’s 2026 mandate requiring domestic solar cells for government projects.
- SAEL targets 20 GW power capacity by 2030 and is preparing for an IPO amid soaring revenue growth.
Indian renewable energy company SAEL Industries Ltd announced plans to invest ₹82 billion ($954 million) in constructing a 5-gigawatt-per-year integrated solar cell and module manufacturing facility in Greater Noida, Uttar Pradesh.
The facility will mark one of India’s largest investments in domestic solar manufacturing and will expand SAEL’s total module production capacity to 8.5 GW,
