SAEL Secures US$132 Million Investment From NDB, AIIB & Societe Generale for Solar Project in Andhra Pradesh

SAEL Secures US$132 Million Investment from NDB, AIIB & Societe Generale for Solar Project in Andhra Pradesh

Mumbai, 1st June 2025: SAEL Solar MHP1 Pvt. Limited, a subsidiary of SAEL Industries Ltd., a clean energy company, has secured a debt finance amounting to of US$132 million from three global financial institutions — Asian Infrastructure Investment Bank (AIIB), New Development Bank (NDB), and Societe Generale for development of a solar power project in […] The post SAEL Secures US$132 Million Investment from NDB, AIIB & Societe Generale for Solar…

SAEL Lands $132 Mn from NDB, AIIB & Societe Generale for Andhra Solar Push

SAEL Solar MHP1 Pvt. Limited, a subsidiary of SAEL Industries Ltd., a clean energy company, has secured a debt finance amounting to of US$132 million from three global financial institutions — Asian Infrastructure Investment Bank (AIIB), New Development Bank (NDB), and Societe Generale for development of a solar power project in Andhra Pradesh.Each institution has committed US$44 million debt funding towards the project, which was awarded throug…

SAEL secures $132 million for solar project in Andhra Pradesh

SAEL has secured $132 million in debt financing for the development of a solar power project in Andhra Pradesh. The funding was secured from Asian Infrastructure Investment Bank (AIIB), New Development Bank (NDB), and Societe Generale with each committing $44 million to the project. SAEL announced today that its arm, SAEL Solar MHP1, has secured $132 million in debt financing for the development of a solar power project in Andhra Pradesh. The fu…