SWELECT Energy Systems Secures over 150 MW Solar Module Orders, Raises ₹290 Crore for Growth

SWELECT Energy Systems Limited, one of the best players in India's renewable energy industry, has declared two key updates to drive its solar business. The organization has acquired orders of over 150 MW of its high-efficiency TOPCon Bi-facial solar PV modules, demonstrating its technological superiority and market confidence.

Also, SWELECT has raised ₹290 crore through Non-Convertible Debentures (NCDs) through a private placement with India Infradebt Limited. This strategic funding, which is secured against a part of its Solar Power Generating Assets, has released ₹260 crore in cash collaterals.

The proceeds will be invested to expand SWELECT's Independent Power Producer (IPP) portfolio to 1 GW by 2026-27. R. Chellappan, Managing Director of SWELECT, noted that these investments reflect the company's focus on quality, innovation, and India's future with clean energy.

Sources: Solar Quarter, Outlook Business, Economic Times, March 12, 2025