New Delhi: SAEL Industries said on Monday that it will invest around ₹8,200 crore to set up a facility with a 5 GW solar cell manufacturing unit and a 5 GW module manufacturing line in Greater Noida.
The integrated solar manufacturing project, being executed by subsidiary SAEL Solar P6 Pvt Ltd, will take the company’s total solar module manufacturing capacity to 8.5 GW. The plant will produce tunnel oxide passivated contact (TOPCon) solar cells which will be assembled into solar panels at in-house module manufacturing line, the company said.
SAEL is keen on backward integration to support its solar power business and the domestic solar value chain, it said.
It has more than 6.7 GW of solar power assets that include operational and under-construction projects in India. It has a 3.5 GW TOPCon module assembly capacity.
