SWELECT Secures 150 MW Solar Orders

12 Mar 2025 CW Team

SWELECT Energy Systems, a leading player in India’s renewable energy sector, has secured orders exceeding 150 MW for its high-efficiency TOPCon Bi-facial solar PV modules. These orders highlight the company’s technological leadership and strong market credibility.

SWELECT maintains a 100 per cent success rate in module testing, with every unit passing TÜV 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’s 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’s clean energy future.

With strategic reinvestment and upcoming solar projects, SWELECT is set to play a key role in India’s renewable energy transition, setting benchmarks in the sector.

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