SAEL, backed by global investors including TPG Rise and Norfund, operates over 20 renewable projects across India, with a total capacity exceeding 600 MW. The company has been expanding aggressively in the waste-to-energy and solar segments as part of India’s broader clean energy transition.

The funds raised through this investment will help SAEL accelerate project implementation, enhance operational efficiency, and reduce carbon emissions.

 The partnership also reinforces Norway’s growing interest in India’s renewable energy market, which continues to attract significant foreign capital amid the country’s push for net-zero targets.