Promonique
Promonique
Home » News » Raymond Group goes solar with Waaree Energies’ Group Captive Solution

Raymond Group goes solar with Waaree Energies’ Group Captive Solution

October 17, 2019 12:20 pm

Raymond Group goes solar with Waaree Energies’ Group Captive Solution
.

Waaree Energies, one of India’s largest solar PV manufacturer and a leading EPC player has associated with Raymond Group, a leader in the fashion retailing space, to provide open access solar solution in Ahmednagar, Maharashtra. With a capacity of 2.5 MWp, the plant is expected to reduce carbon dioxide emission by approximately. 3650 tonnes per annum. In a first of its kind in Maharashtra, the commissioned plant has been developed under the group captive model and will have a solar electricity generation capacity of 38 lakh units/year. Waaree Energies serves as a Turnkey Engineering Procurement and Construction (EPC) partner to the brand.

Sunil Rathi, Director, Waaree Energies said, “The group captive model is catching wind on account of the lucrative investment sharing, which reduces the capital investment and in-turn reduces the end user cost by 50 per cent when compared to a captive open access solution. Due to part ownership of the plant, users can avail of energy at an approximate average of INR 1.5 per unit, which only includes the distribution loss, wheeling and banking charges, versus ₹ 4 per unit in case of captive plants. This presents the end consumers, predominantly large scale CandI players, with a financially lucrative proposition while helping them achieve their sustainability goals.

“The project with Raymond Group, in association with Shahane Solar Power Private Ltd, was a great opportunity for us to showcase our capabilities as a Turnkey EPC player, and we hope to strengthen this partnership further. It is heartening to see an industry leader like Raymond embracing renewable energy and being active partners in this new chapter of solar energy in India. The project is a testament to our service and quality, and adds significantly to our repertoire of projects and clientele”, he added.

For more details:
Waaree Energies
www.waaree.com

 

Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

Power Talk
Webinar
Webinar
Android App
Android App
EPR eMagazine April 2024
EPR eMagazine April 2024
EPR eMagazine April 2024

Events

Middle East Energy Dubai
Middle East Energy Dubai
RenewX India
RenewX India
International Geotechnical Innovation Conference
International Geotechnical Innovation Conference
POWERGEN India
POWERGEN India
EL Asia
EL Asia
Global Energy Digitalisation Conclave
Global Energy Digitalisation Conclave
World battery and energy storage industry expo
World battery and energy storage industry expo
Green Hydrogen Summit
Green Hydrogen Summit
Windergy
Windergy

Our Sponsors

Rayzon Solar Pvt Ltd
Rayzon Solar Pvt Ltd
Doble Engineering
Doble Engineering
Allied Power Solutions
Allied Power Solutions
Nirmal
Nirmal
KEI Industries Limited
KEI Industries Limited
Maco Corporation India Pvt Ltd
Maco Corporation India Pvt Ltd
Meco Instruments Pvt Ltd
Meco Instruments Pvt Ltd
Icon Solar-En Power
Icon Solar-En Power
Novasys
Novasys
Testo India
Testo India
Mecc-Alte India
Mecc-Alte India
Newtech Switchgear
Newtech Switchgear
Triveni Turbine ltd
Triveni Turbine ltd
Aeron Composite Pvt Ltd
Aeron Composite Pvt Ltd
Winsun
Winsun
A-1 ELECTRICALS
A-1 ELECTRICALS
Allied Moulded Enclosure Products
Allied Moulded Enclosure Products
ANUSHREE ELECTRICAL ENGINEERS
ANUSHREE ELECTRICAL ENGINEERS
Ashone Technologies
Ashone Technologies
Citroen Switchgears Pvt. Ltd.
Citroen Switchgears Pvt. Ltd.
Electrotherm
Electrotherm
KVTEK Power Systems
KVTEK Power Systems
MENNEKES Electric India
MENNEKES Electric India
Om Technical Solutions
Om Technical Solutions
PRAMA HIKVISION INDIA
PRAMA HIKVISION INDIA
Motwane Manufacturing
Motwane Manufacturing