Solar module manufacturer SWELECT Energy Systems has announced that its wholly owned subsidiary, SWELECT Energy Systems, Singapore, will enter into a strategic partnership with U.S.-based FortifyGrid, to form a joint venture (JV) company for the development and installation of solar-battery energy storage systems (BESS) in Singapore and other ASEAN markets.

Both companies will hold a 50% share each in the JV.

The JV will jointly design, engineer, procure, off-site project and construction management, and project control for BESS projects across the region.

SWELECT said the partnership will strengthen its international presence, driven by FortifyGrid’s expertise in energy storage and integration of advanced technologies such as artificial intelligence.

SWELECT has over 1 GW of solar module manufacturing capacity and is progressing toward a 2 GW scale, alongside capabilities in module mounting structures and electrical balance-of-systems, indicating backward integration across the solar value chain.

It has executed more than 10,000 solar installations and over 1 GW of solar projects, with 37 operational solar power plants in India. Its EPC portfolio includes rooftop projects such as a 1 MW installation at an IT park in Chennai, 2 MW industrial rooftop systems in Chennai and Coimbatore, and an 80 kW system at the Parliament building in New Delhi, along with multiple 10 MW projects in Tamil Nadu and a 16 MW project in Dindigul.

The company is expanding into hybrid systems, including a 500 kW wind-solar hybrid plant integrated with battery storage, and has deployed a 100 kW floating solar project in Kerala. Its renewable portfolio includes solar water-pumping solutions and a 1.5 MW wind project in Tamil Nadu.

Last March, SWELECT Group secured ₹2.9 billion (~$33.39 million) in funding through non-convertible debentures via a private placement with India Infradebt.

In December 2024, SWELECT Energy Systems proposed raising ₹1.38 billion (~$16.22 million) by issuing 1,385 non-convertible debentures with a face value of ₹1 million (~$11,757) each through private placement.