SWELECT Secures 150 MW Solar Orders
12 Mar 2025
2 Min Read
CW Team
SWELECT Energy Systems, a leading player in India鈥檚 renewable energy sector, has secured orders exceeding 150 MW for its high-efficiency TOPCon Bi-facial solar PV modules. These orders highlight the company鈥檚 technological leadership and strong market credibility.
SWELECT maintains a 100 per cent success rate in module testing, with every unit passing T脺V and accredited lab evaluations on the first attempt. Additionally, the modules, backed by third-party reinsurance, are undergoing Extended Reliability Testing (ERT) to ensure long-term performance.
In a major financial move, SWELECT has raised Rs 2.9 billion (bn) via Non-Convertible Debentures (NCDs) through a private placement with India Infradebt. Secured against a portion of its solar power assets, this transaction has unlocked Rs 2.6 bn in cash collateral, which will be reinvested to scale SWELECT鈥檚 IPP portfolio to 1 GW by 2026-27.
R. Chellappan, Managing Director, SWELECT Energy Systems, stated:
"Securing 150 MW of TOPCon module orders reaffirms our commitment to quality and innovation. Our 100 per cent testing success further strengthens our resolve to deliver top-tier solar solutions. The NCD funding positions us to accelerate expansion and contribute meaningfully to India鈥檚 clean energy future.
With strategic reinvestment and upcoming solar projects, SWELECT is set to play a key role in India鈥檚 renewable energy transition, setting benchmarks in the sector.
SWELECT Energy Systems, a leading player in India鈥檚 renewable energy sector, has secured orders exceeding 150 MW for its high-efficiency TOPCon Bi-facial solar PV modules. These orders highlight the company鈥檚 technological leadership and strong market credibility.SWELECT maintains a 100 per cent success rate in module testing, with every unit passing T脺V and accredited lab evaluations on the first attempt. Additionally, the modules, backed by third-party reinsurance, are undergoing Extended Reliability Testing (ERT) to ensure long-term performance.In a major financial move, SWELECT has raised Rs 2.9 billion (bn) via Non-Convertible Debentures (NCDs) through a private placement with India Infradebt. Secured against a portion of its solar power assets, this transaction has unlocked Rs 2.6 bn in cash collateral, which will be reinvested to scale SWELECT鈥檚 IPP portfolio to 1 GW by 2026-27.R. Chellappan, Managing Director, SWELECT Energy Systems, stated:Securing 150 MW of TOPCon module orders reaffirms our commitment to quality and innovation. Our 100 per cent testing success further strengthens our resolve to deliver top-tier solar solutions. The NCD funding positions us to accelerate expansion and contribute meaningfully to India鈥檚 clean energy future.With strategic reinvestment and upcoming solar projects, SWELECT is set to play a key role in India鈥檚 renewable energy transition, setting benchmarks in the sector.
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..
