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 .<\/p>\n
“MYSUN is aiming to invest Rs 600 crore to develop a 200 MW solar portfolio of the first phase (of three years) of its recently launched asset vehicle MYSUN+. The new asset vehicle will provide on-site and off-site solar energy solutions to industrial and commercial clients under the RESCO model,” he said.<\/p>\n
MYSUN+ has already gained traction with some of the large and renowned Indian as well as multinational companies becoming clients and has signed up and executed\/executing projects in Rajasthan, Madhya Pradesh, Andhra Pradesh and Puducherry, Vermani added.<\/p>\n
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.<\/p>\n
MYSUN+ enables consumers to buy solar power without the hassles of setting up and operating a solar plant on their buildings and without making any upfront investments. This initiative will immensely benefit the companies by making their energy consumption more cost-effective and in reducing their carbon footprints.<\/p>\n
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.<\/p>\n
MYSUN+ will use premium solar equipment to ensure high performance and long lifespan through world-class engineering, highest safety and service standards, it said.<\/p>\n
It will offer flexible power sale contracts to its customers and therefore help make their 25 years solar journey easy, reliable and cost-effective, the company claimed.<\/p>\n
MYSUN+ will be an independent subsidiary of MYSUN.<\/p>\n
“With the COVID related impact on businesses driving corporates to accelerate their cost-reduction initiatives through solar, we found an opportunity to leverage our digital platform, large client base and execution capabilities through the launch of MYSUN+.<\/p>\n
“It allows us to cater to the client segment which wants to opt for a cheaper source of power without any kind of upfront capital investment. MYSUN+ will open new opportunities and scale for our group.” said Vermani.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 . “MYSUN is aiming to invest Rs 600 crore to develop a 200 MW solar portfolio of the first phase (of three years) of its recently launched asset vehicle MYSUN+. The […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-402958","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/402958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=402958"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/402958\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=402958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=402958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=402958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}