SAEL, a leading waste to energy company, announced plans to invest as much as ₹35,000 crore over the next 2.5 years to increase its overall capacity to ten gigawatts across its various energy divisions, according to the company’s Chief Investment Officer Varun Gupta.
Currently, the company has a renewable energy capacity of 6,500 megawatts, featuring an extensive array of projects such as ground-based solar installations, conversion of agricultural waste to energy, solar panel production, and development through its Engineering, Procurement, and Construction (EPC) division.
Gupta said, “By the end of December 2025, we anticipate having invested around ₹18,000 crore in augmenting our existing committed capacity of four gigawatts. The expansion is backed by a successful fundraising of one billion dollars completed in January 2024. We are preparing for an additional capital infusion of a similar amount in June 2024, which will include both debt and equity”.
As reported by ETEnergyworld.com, while SAEL is considering potential projects in solar energy with integrated storage and hydroelectric power, it is currently prioritizing its four main operational areas.
The approach highlights SAEL’s dedication to strengthening its infrastructure and increasing its capacity, thereby supporting the rising demand for renewable energy solutions within India.
