India has set an ambitious target of installing 175 GW of renewable capacity by 2022. Achieving this, calls for capital outlay of US$ 120 billion and equity of US$ 40 billion. The scaled up installation targets and the intent of creating conducive manufacturing environment under the ‘Make in India’ initiative has opened up immense opportunities for investment in Renewable Energy in India.
The Indian Renewable Energy Programme has received increased recognition internationally in recent years. Many countries evinced interest in cooperation with India for promotion of new and renewable energy. The Ministry of New and Renewable Energy has been interacting with developed and developing countries for cooperation in New and Renewable Energy. The focus of the interaction for cooperation has been to explore opportunities for exchange of scientists to share experience and for taking up joint research, design, development, demonstration and manufacture of new and renewable energy systems/devices by R&D institutions/organizations of both countries and thereby establishing institutional linkages between institutions of India and other countries. Bilateral/multilateral cooperation frameworks have been established for cooperation.
|Manufacturing of 100MW of high quality, tested Indigenous solar panels on a state of art production line; the present target being Multiple thousand times more. Details and regular updates can be obtained from the Ministry of New and Renewable Energy, GOI website: www.mnre.gov.in|
|The plant located at F-27 MIDC, Amravati will be the first solar panel manufacturing plant in Vidarbha (East Maharashtra) and Marathwada, which are classified as economically backward areas by Govt. of Maharashtra. This will generate employment in the area which will increase the quality of living.|
|The current plant can be expanded to 200MW production capacity without any critical changes.|
|Existing MNC clientele base maintained from last 8 years. MNC’s venturing into Solar EPC business providing a steady stream of channel business.|
|Our Project team’s internal consumption is projected to consume 1/5th of the manufacturing facility.|
|Entry into complete solution provider for Solar products like Solar Water Pumping System, Solar Home Lighting System: both products are in the aggressive mission strategy of our Hon. Prime Minister under सौभाग्य योजना and सौर कृषी वाहिनी योजना of Hon. Chief Minister of Maharashtra. All states entering into Solar water pumping schemes and Solar water drinking schemes penetrated right into Rural India.|
|Existing LED and other street lights getting replaced with Integrated Solar Street Lights.|
|Entry into E-vehicle charging stations; a most required infrastructure of all types of transport esp. roadways.|
|Our association with many prominent current OEM’s of Solar panels.|
|Current dealer network of more than 100 dealers in Entire Maharashtra.|
|Immediate spread of dealer/distributor network into Karnataka, Andhra Pradesh, Madhya Pradesh and Chhattisgarh which are the neighbouring states.|
|Existing spread of more than 1000 customers continuously spreading the goodwill of company through word-of-mouth publicity.|