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Heavy Electrical Equipment
Deals13 Mar 2025, 01:00 am

SWELECT Secures over 150 MW of Solar Module Orders and Raises Rs 290 crores for Expansion

AI Summary

SWELECT Energy Systems Ltd., a significant player in India's renewable energy sector, has secured orders for over 150 MW of high-efficiency TOPCon Bi-facial solar PV modules. The company has a 100% success rate in module testing, with every unit passing rigorous evaluations by TUV and other accredited testing laboratories. SWELECT has also successfully raised Rs 290 crores through Non-Convertible Debentures (NCDs) for reinvestment, aiming to scale up its IPP portfolio to 1 GW by 2026-27. This expansion reinforces SWELECT’s commitment to accelerating India’s renewable energy transition.

Key Highlights

  • Secured orders for over 150 MW of high-efficiency TOPCon Bi-facial solar PV modules
  • 100% success rate in module testing
  • Raised Rs 290 crores through NCDs for reinvestment
  • Aiming to scale up IPP portfolio to 1 GW by 2026-27
  • Reinforces commitment to accelerating India’s renewable energy transition
SWELECTES
Heavy Electrical Equipment
Swelect Energy Systems Limited-$

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