The Yamuna Expressway Industrial Development Authority (YEIDA) has planned to set up a mega solar plant on 200 acres of land in Sector 8 near the Yamuna Expressway. The state government has approved the proposal of SAEL Solar P6 Private Limited to set up an integrated factory with 5 GW solar cell and 5 GW solar module production capacity. The estimated cost of the project will be around Rs 8,200 crore.
SAEL Industries Limited, the parent company of the project, is a leading company working in the renewable energy sector. The new unit to be built under it will increase the company’s total solar module production capacity to 8.5 GW.
The plant will manufacture solar cells based on modern TOPCon (Tunnel Oxide Passivated Contact) technology, which will then be converted into solar panels on the company’s own module assembly line.
According to YEIDA, the project has been placed in the ‘Ultra Mega’ category as its investment is more than Rs 3,000 crore. It is one of the largest investments in the Yamuna region and will be developed entirely as a greenfield project.
On February 24, YEIDA had issued a Letter of Intent (LOI) to the company and sent the proposal to the state government. After this, on July 10, ‘Invest UP’ issued a Letter of Comfort and approved it. Now the process of land allocation is moving fast, and it is expected that 200 acres of land will be handed over this month.
The company representatives have already interacted with the YEIDA office on the document and other process.
According to YEIDA officials, the project will employ around 2,500 people and give new impetus to the entire solar energy sector.
Currently, SAEL Solar has more than 6.7 GW of solar projects in India, some of which are operational and some under construction. Also, they already have 3.5 GW of TOPCon solar module production capacity.
The proposed plant in Yamuna City will manufacture solar cells that convert sunlight directly into electricity using photovoltaic technology. The process begins with applying special coatings and electrodes on silicon wafers.
