SWELECT Energy Systems, a key player in India’s renewable energy sector, continues to expand its solar business with significant developments. The company has secured orders exceeding 150 MW for its high-efficiency TOPCon Bi-facial solar PV modules, reinforcing its technological leadership and industry trust.

With a 100 percent success rate in module testing, SWELECT ensures excellence through rigorous evaluations by TÜV and other accredited laboratories. Further validating performance, the modules, backed by third-party re-insurance, are undergoing Extended Reliability Testing (ERT). In a strategic financial move, SWELECT Group raised Rs 290 crore through Non-Convertible Debentures (NCDs) in a private placement with India Infradebt.

This transaction, secured against solar power assets, unlocked Rs 260 crore in cash collaterals, which will be reinvested to expand SWELECT’s IPP portfolio to one GW by 2026-27. The company’s expansion plans and upcoming solar projects highlight its commitment to accelerating India’s renewable energy transition while setting industry benchmarks.