According to reports, Shan Solar has forayed into the rooftop systems with solar power kits for the residential segment. The company already enjoys presence in the solar farm space and is setting up a 25 MW solar project in Maharashtra and a 50 MW solar farm project at the outskirts of Hyderabad, the land for which has already been identified and all necessary approvals from concerned authorities have been obtained.
The company said it is exploring opportunities to set up a similar commercial project in Tamilnadu. Among the many options, the company is considering partnering industry associations to form a special purpose vehicle and manage the solar farm project on a turnkey basis.
Sury Singapur, chairman and managing director, Shan Solar, said, “Over the last few years, several technological innovations owing to focused R&D initiatives have resulted in solar energy generation cost dropping dramatically. Coupled with this, imaginative fiscal incentives offered by governments have lessened the burden of upfront costs of owing solar systems.”
Rajesh Rangarajan, chief marketing officer and EPC head, Shan Solar, added: “Besides targeting industries, we are keen to tap residential segment as several cities and towns across the country face unprecedented power cuts ranging between 2 and 12 hours and in many cases even longer duration. Solar power kits and rooftop solutions will be the two offerings of Shan Solar that will hit the market in the first week of March 2013.”
Solar power kits will come in different variants ranging from 500 watts to 5000 watts and would be reasonably priced to make them affordable, according to the company. These would be plug and play systems and would be made available through the company’s channel partners.
Shan Solar currently has eight channel partners in Tamil Nadu and has plans to increase the number to 50 by the end of this year. On the contrary roof top solutions will be custom built to suit customer requirements. Rajesh pointed out that the main advantage of rooftop solutions is that they can be installed faster than any other types of renewable energy. Besides generating own electricity, rooftop solutions open the possibility of generating additional income to investors as excess power generated could be connected to the grid, he added.