Reportedly, SAEL Industries has commissioned a 1 GWp solar power project at the Khavda renewable energy park in Gujarat.
The project has been developed through two wholly owned subsidiaries, SAEL Solar P4 Private Limited and SAEL Solar P5 Private Limited, each with an installed capacity of 400 MW (500 MWp). The projects are supported by 25-year long-term power purchase agreements signed with Gujarat Urja Vikas Nigam Limited, providing long-term revenue visibility. With the commissioning of SAEL Solar P4 and SAEL Solar P5, SAEL Industries has further strengthened its utility-scale solar portfolio and its presence across India’s renewable energy value chain.