Solarworld Energy Solutions Ltd Company Summary

Solarworld Energy Solutions Ltd Summary

Solarworld Energy Solutions Limited was originally incorporated as Solarworld Energy Solutions Private Limited dated July 17, 2013, issued by the RoC. Subsequently, status of the Company was converted from a Private Company to a Public Company, following which the name changed to Solarworld Energy Solutions Limited and a Certificate of Incorporation was issued by the RoC on September 23, 2024.The Company is one of the leading solar energy solutions provider, specialising in engineering, procurement and construction (EPC) services for solar power projects. It commenced operations in 2013, offering complete, end to end and cost-effective solutions for the installation of solar power projects , which comprise public sector undertakings (PSUs) and commercial and industrial clients (C&I) . A typical EPC solar project covers design, civil works, equipment purchase and installation, and commissioning. Since incorporation of the Company, it developed, constructed, and operated a range of rooftop solar projects and ground-mounted solar projects under both CAPEX and RESCO models. Under the CAPEX model, it provide end-to-end solutions by designing, installing, setting up and commissioning the solar power projects on a turn-key basis to customers, while the ownership of the solar power projects vests with the customer itself. Under the RESCO model, the power purchaser is not required to make any capital investment for the solar power project, purchasing the generated power at fixed tariff rates. The Company completed the first 500 KWp Solar Power Plant in Noida in year 2014; it completed 10 MW grid connected Solar Power Plant in Telangana in 2015; expanded to Rajasthan and Haryana and further reached to Uttarakhand, New Delhi and Himachal Pradesh in 2017. It further commissioned first 10 MW AC / 14 MW DC ground mount solar capacity project in 2020 and completed 75 MW / 105 MW DC for SJVN Green Energy Limited in 2023. The Company in August 2024, has completed Projects with a total capacity of 253.67 MW AC/ 336.17 MW DC. It has entered into an equity co-operation agreement with ZNSHINE PV-Tech Co. Ltd., supplier from China, dated May 14, 2024, for establishing a solar panel manufacturing plant. The Company is planning to raise money from public by issuing Equity Shares of Face Value of Rs 5 each aggregating upto Rs 600 Crore, comprising a Fresh Issue of Rs 550 Crore Equity Shares and Rs 50 Crore Equity Shares through Offer for Sale.