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SWELECT Energy Systems Ltd., a key player in India’s renewable energy sector, is making big strides in its solar business. The company has secured orders exceeding 150 MW for its high-efficiency TOPCon Bi-facial solar PV modules, showcasing its technological expertise and strong market trust. Every SWELECT module has passed strict testing by TÜV and other accredited labs on the first try, achieving a 100% success rate. These modules are backed by third-party re-insurance and are undergoing Extended Reliability Testing (ERT) to ensure long-term performance and durability. Speaking on these milestones, Mr. R. Chellappan, Managing Director, SWELECT Energy Systems Ltd., said in a statement, “Securing over 150 MW of TOPCon module orders from industry is an endorsement of our commitment to quality and innovation. Our 100% testing success further strengthens our resolve to deliver highest quality solar solutions. The successful NCD funding positions us well to accelerate our expansion plans and contribute meaningfully to India’s clean energy future.” In a major financial move, SWELECT Group raised ?290 crore through Non-Convertible Debentures (NCDs) in a private placement with India Infradebt Limited. This funding, secured against some of its Solar Power Generating Assets, unlocked ?260 crore in cash collaterals. These funds will help expand SWELECT’s Independent Power Producer (IPP) portfolio to 1 GW by 2026-27. With these developments, SWELECT is not just growing its business — it’s driving India’s renewable energy transition and setting new industry standards. |
