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SAEL to set up 5 GW solar cell plant in Greater Noida

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SAEL Industries Limited has announced plans to establish a solar cell manufacturing facility in Greater Noida, Uttar Pradesh. The facility will have an annual production capacity of 5 GW and is expected to attract an investment of around Rs 50 billion. This marks SAEL’s entry into solar cell manufacturing. The company may also expand into production of wafers and ingots, based on market demand and policy support. SAEL is also preparing for an initial public…

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PSPCL signs PPA with SAEL for 400 MW solar power at Rs 2.97/kWh

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Punjab State Power Corporation Limited (PSPCL) has signed a 25-year power purchase agreement (PPA) with Sukhbir Agro Energy Limited (SAEL) for 400 MW of solar power projects in Punjab. SAEL secured the capacity in 2024 at a tariff of Rs 2.97 per kWh. The agreement follows PSPCL’s tender issued in May 2023 for procurement of 1,000 MW solar power through tariff-based competitive bidding from projects of 5 MW and above, located anywhere in the state….