Indian renewable-energy firm SAEL Industries Ltd has announced a landmark investment of ₹82 billion (about $954 million) to establish an integrated photovoltaic manufacturing plant in Greater Noida, Uttar Pradesh. 

The facility will feature both a 5 GW solar-cell line and a 5 GW module assembly line, powered by advanced TOPCon technology. Upon completion, expected to begin construction within 2025, the investment will elevate SAEL’s module capacity from the current 3.5 GW to 8.5 GW.

This strategic move aligns with India's policy—effective June 2026—that restricts government-sponsored solar projects to domestically produced solar cells from approved manufacturers. The plant addresses India's supply gap: while module capacity stands at 80 GW, cell production hovers around just 15 GW, with much of the shortfall met via Chinese imports.

SAEL currently operates 6.7 GW of solar energy assets in India, encompassing both commissioned and in-construction projects, and aims to scale this to 10 GW within three years.