SWELECT raises INR 290 crore expands solar portfolio in India

SWELECT Energy secured 150 MW solar orders and raised INR 290 crore via Non-Convertible Debentures with India Infradebt to expand capacity to 1 GW by 2026-27.

By Prudhvi Rani 13 Mar 2025 in Project Bytes India Bytes

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SWELECT Energy Systems secured 150 MW TOPCon Bi-facial solar orders with all modules passing TÜV and other lab tests. Image Credit/Source: Pixabay/Pexels

Chennai, India-based SWELECT Energy Systems Ltd., Solar PV modules manufacture, has secured orders for over 150 MW of TOPCon Bi-facial solar PV modules. All modules passed testing by TÜV and other labs. The company also raised INR 290 crore (~$33,32 million) through Non-Convertible Debentures (NCDs) with India Infradebt Limited, using part of its solar assets as security. This freed INR 260 crore (~$29.87 million) in cash, which will be used to expand its solar power capacity to 1 GW by 2026-27.

#India #SolarExpansion #TOPConModules #SolarOrders #SWELECTEnergy

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