Waste-to-energy manufacturer SAEL is planning a significant expansion with an investment of up to Rs 35,000 crore over the next two and a half years, aiming to increase its total capacity to 10 gigawatts across its various energy verticals. The company's Chief Investment Officer, Varun Gupta, discussed these ambitious plans.

Currently, SAEL has a renewable capacity of 6,500 megawatts, encompassing a range of projects such as ground-mounted solar, agricultural waste energy conversion, solar module manufacturing, and construction through its Engineering, Procurement, and Construction (EPC) business. Gupta emphasized the focus on expanding these existing projects to increase capacity.

Gupta elaborated on the company's financial strategy for its expansion. "By December 2025, we aim to invest around Rs 18,000 crore to expand our committed capacity of 4 gigawatts. This follows a successful $1 billion fundraising round completed in January 2024. We are preparing for another billion-dollar capital raise, consisting of both debt and equity, scheduled for June 2024", he stated.