MYSUN plans an funding of Rs 600 crore to develop a 200 MW photo voltaic portfolio within the subsequent 3 years, Power Information, ET EnergyWorld

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Rooftop photo voltaic firm MYSUN plans to take a position Rs 600 crore over the following three years to develop a 200 MW photo voltaic portfolio from the primary section of its lately launched asset car. This new firm will present bespoke photo voltaic power options to giant enterprises, industrial and business institutions on a constructed, owned, operated and transferred (BOOT) or RESCO (Renewable Power Service Firm) mannequin, stated Gagan Vermani, CEO and founder, MYSUN. .

“MYSUN goals to take a position Rs 600 crore to develop a 200 MW photo voltaic portfolio of the primary section (three years) of its lately launched MYSUN + asset car. The brand new asset car will present solar energy options on on-site and off-site for industrial and business clients underneath the RESCO mannequin, ”he stated.

MYSUN + has already gained floor with a few of the massive famend Indian and multinational corporations changing into shoppers and has signed and executed / executing tasks in Rajasthan, Madhya Pradesh, Andhra Pradesh and Pondicherry, added Vermani.

With this new enterprise, MYSUN turns into a full 360 diploma photo voltaic firm catering to the very totally different financing wants of its numerous clientele of enormous, medium and small trade in addition to houses, all underneath one roof.

MYSUN + permits shoppers to buy solar energy with out the trouble of putting in and working a solar energy plant on their buildings and with none upfront funding. This initiative will enormously profit companies by making their power consumption extra worthwhile and decreasing their carbon footprint.

The corporate is financing MYSUN + with the capital it has raised lately and is within the strategy of closing the debt for its first spherical of tasks.

MYSUN + will use high-end photo voltaic gear to make sure excessive efficiency and lengthy life by means of world-class engineering, highest security and repair requirements, he stated.

It would provide versatile electrical energy gross sales contracts to its clients and thereby assist make their 25-year photo voltaic journey straightforward, dependable and worthwhile, the corporate stated.

MYSUN + can be an unbiased subsidiary of MYSUN.

“With the impression of COVID on companies pushing companies to speed up their value discount initiatives by means of solar energy, we now have discovered a possibility to leverage our digital platform, our giant buyer base and our capabilities to execution because of the launch of MYSUN +.

“This enables us to fulfill the wants of the shopper section who need to go for a less expensive supply of power with none type of preliminary capital funding. MYSUN + will open up new alternatives and new developments for our group.” stated Vermani.

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