Rolta Power Pvt. Ltd, which has interests in IT, real estate, investments and merchant banking, is venturing into the solar power sector with an installed capacity of 60 MW production line of PV modules, the company announced.
The company aims to manufacture A+ grade of solar photovoltaic panels as well as offer solar EPC projects, rooftop solar projects (KW), solar water pumps and solar telecom towers. It aims to go beyond EPC services, such as manufacturing, complete EPC (including basic design), owner operator solutions, operation and maintenance, backend paperwork to claim subsidies, and getting government grants etc. on behalf of clients.
“With the rise in demand for renewable energy, coupled with promising legislation and the need to enhance energy self-sufficiency, starting a solar energy business was an exciting opportunity for us,” Aditya K Singh, Promoter and Managing Director, Rolta Power Pvt. Ltd, said.
He further said, “The nation is still in its infant stage of manufacturing cycle for supply-chain. Hence, with its proactive legislation, government grants and polices supporting this industry, there is a profitable backward integration opportunity available to be capitalised upon. Rolta Power Pvt. Ltd. is looking at making this contribution as per its expansion needs.”
With the increase in demand for solar photovoltaic in Asia-Pacific countries, India will continue to be one of the top countries to drive regional demand. Though there is drastic fluctuation in panel prices, Indian manufacturers will look to advancing technical proficiency and increasing value chain and both forward and backward integration to distinguish their products from other dealers in the market.
Singh added, “The grid parity has been met more or less as compared to thermal power or any other conventional power source in India. Hence, we do not see another recession in solar power sector, maybe for some time.”