Merino Panel Products Ltd. (MPPL) will draw more than 9 Million units (kWh) of Clean Energy from this plant for use in its Bahadurgarh Unit in Haryana. This plant is also unique as it uses single-axis tracking and is the first to be implement this technology in Haryana.
Sunsure Energy, said, “The current situation is building up like the Andhra Pradesh and shares many similarities. However,in the case of Haryana,it is the same government which had issued the state solar policy that is now backing away from it.
In May 2018, Sunsure Energy, a solar turnkey solutions provider, raised zero-collateral based debt capital worth $2.2 million from TATA Cleantech Capital, L&T Finance, and cKers Finance to be used as working capital to construct solar photovoltaic (PV) projects up to 100 MW in FY 2019.
In EPC segment, 28% developers opted for self-EPC (EPC work completed in-house by developers), instead of hiring a contractor. Among EPC players, Sunsure emerged as the biggest rooftop installer with 24% share.
It said the CAPEX market (where entire rooftop is owned by rooftop owners) is even getting more fragmented with top 10 players having a share of only 18 per cent (21 per cent last year). The top 3 players include Tata Power (4.4 per cent), Sunsure (2 per cent), and Mahindra (2 per cent).
Kartikeya Sharma of Sunsure Energy, a complete solutions provider in the solar space, said that the way to get the subsidy is warped, with long drawn forms and conditions. “Subsidies are only provided to those who use solar panels made in India and that limits the game to domestic players and affects competitiveness on the basis of quality,” he said.
Sunsure Energy turned on the power from a 5.5 MegaWatt Solar Power Plant in the Hissar district of Haryana on June 21st, 2018. Owned by Merino Panel Products Ltd. (MPPL), this is the first Captive Solar Power plant in Haryana to deliver power under the Open Access mechanism.
Rooftop Solar is an exciting prospect for Industries today. With tariffs up to 60% below existing Grid rates, great technology and easy transition, Industries stand to save big money on energy use, become more energy secure and create sizeable environmental gains. Sustainably!
One of the largest single rooftop solar PV power projects in Haryana with a capacity of 550 kW was inaugurated in Rohad, Bahadurgarh on 1st September, 2016. The project, which is set up in Merino Panel Products Ltd. (MPPL), Bahadurgarh was synchronised in September and has been successfully generating clean power since then. The Chairman of the group Shri C. L. Lohia is a big believer in the potential of solar energy and is making all efforts to go green as part of MPPL’s business strategy.