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MYSUN plans Rs 600 crore investment to develop 200MW solar portfolio in next 3 years
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Last Updated: Mar 02, 2021, 05:03 PM IST
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Synopsis
With this new venture, MYSUN becomes a complete 360-degree solar company meeting vastly different financing needs of its diversified client base of the large, medium and small industry as well as homes, all under one roof.
The company is funding MYSUN+ with the capital it raised recently and is in the process of closing debt for its first set of projects.
Rooftop solar firm MYSUN plans to invest Rs 600 crore in the next three years to develop a 200MW solar portfolio of the first phase of its recently launched asset vehicle. This new venture will provide bespoke solar energy solutions to large corporate, industrial, and commercial establishments on a built, own, operate, and transfer (BOOT) or RESCO (Renewable Energy Service Company) model, Gagan Vermani, CEO and Founder, MYSUN told .
Over 300 city residents had shown interest in installation of solar rooftop plants at their houses under Resco model
CHANDIGARH: The UT administration has given its approval to Chandigarh Renewable Energy and Science and Technology Promotion Society (Crest) to move Joint Electricity Regulatory Commission (JERC) for Resco (Renewable Energy Service Company) model clearance.
As over 300 city residents had shown interest in installation of solar rooftop plants at their houses under Resco model, the administration had planned to knock on the doors of JERC.
Recently, in a meeting under the chairmanship of UT adviser Manoj Parida, Crest officials submitted the status report, and accordingly, the adviser approved to file petition before the power regulatory body.
Picture used for representational purpose only
CHANDIGARH: With over 300 city residents showing interest in installation of solar rooftop plants at their houses under Renewable Energy Service Company (Resco) model, the UT administration will ask the Joint Electricity Regulatory Commission (JERC) to allow it to go ahead with the model in the city.
Recently, on the directions of the JERC, the administration had started a demand survey. Though the process is still going on, over 300 people have already given consent for the model.
Debendra Dalai, director, Chandigarh Renewable Energy and Science and Technology Promotion Society (Crest), said they will seek permission of JERC for floating tender for installation of solar plants for the 300 applicants under the Resco model. Crest, the project’s nodal agency, had proposed the model after approval of UT administrator V P Singh Badnore as residents were wary of the initial capital investment.