About the
company:
The company was founded by Inderpreet Wadhwa in the year 2008. It then
set foot in the Indian industry in the year 2009 through installing its first
utility scaled solar power project.
The mission of
the company:
The task and mission of the company are to be the world’s leading
lowest-cost producer of solar energy. They manufacture solar power systems to
their clients on long-term agreements with a fixed price.
Since the company has started, they have accomplished a substantial
reduction in the total solar project expenses which involves a significant
reduction in the balance of system cost due to our part in value engineering,
design and procurement efforts.
What do they
provide?
They are leaders of selling energy at predictable set rates to public
utilities and autonomous industrial and commercial clients. Because our
generation of energy is not based on fossil fuels, their electricity prices are
isolated from commodity price volatility.
They also ensure their clients the output of electricity from their
solar power plants. Without involving various third-party services, they are
able to deliver integrated project development, EPC, funding, O&M
facilities. This strategy has enabled them to produce scale efficiencies that
further reduce system expenses.
Their approach:
Their in house systems allow them to enhance the system design and
expertise with each successive solar-powered project. They are flexible with
their choice of technology and source their resources from top-tier suppliers
that optimize the system costs and power yield of the solar blocks completely.
They are able to further
negotiate to price as they have built a well-recognized brand, strong supplier
relationships and significant economies of scale. As a result of their
specialized value engineering, they have seen a significant reduction in the
balance of system costs.
Some of their
projects:
Solar Power remains as one of the longest-tenured utility-scale solar
power producers in India. They have the largest portfolio of operating projects
under NSM and the largest projects operating in India.
They come along with a track record that is unmatched. Solar Power
devotes their time and energy towards making solar panels and energy available
to all. Their utility projects include Punjab and Karnataka while their
commercial projects have made their way in Gujarat and Uttar Pradesh.
Why choose solar?
With the right solar energy, we can peak power deficits and combat
rising prices. India continues to be plagued by a
persistent demand/supply mismatch with a six-year average energy deficit of
approximately 5% according to the Ministry of Power, which has resulted in
upward pressure on power prices.
In order to reduce dependence on energy imports and
curtail the current trade deficit and the resulting impact on the rupee, the
Indian government has taken a number of steps to incentivize the use of renewable
sources of energy. To provide further impetus to solar growth, the Indian
government launched the Jawaharlal Nehru National Solar Mission, or the NSM, in
2010.
In
a nutshell:
Effective solar power is a cleaner, sustainable, faster
to build and a feasible alternative as an energy solution to coal and
diesel-based power.
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