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Business EconomyPosted at: Oct 29 2020 5:34PM


Artha Energy Resources commences expansion work of rooftop solar plant in Aurangabad

Kolkata, Oct 29 (UNI) Artha Energy Resources (AER), a boutique investment bank and
corporate advisory firm, has announced that it has started expansion work on its 165KW
rooftop solar power plant in Aurangabad, Maharashtra.
The current capacity of the solar rooftop power plant stands at 100.4KW which has been
active since February 2019 while 64.5KW will now be added under the expansion project.
The expansion work for the solar rooftop project is for an Auto component manufacturer
based in Aurangabad, Maharashtra and is expected to be completed by December 1 next.
As part of the expansion work Longi 430 Wp Half-cut Mono PERC Modules with Sungrow
50KW invertor will be installed. Currently, at 100.4KW the plant generates around 1.5 lakh
units annually, with the completion of expanded capacity of 64.5KW it is expected to
generate around 2.5 lakh units annually.
With this new installation the auto component manufacturer is expected to save around
17.5 lakh rupees per year considering a tariff of 7 rupees per unit.
Commenting on the expansion of the project Animesh Damani, Managing Partner, Artha
Energy Resources said, “We are delighted to start the expansion work; it is a good feeling
when a client comes back to you and wants to expand their solar capacity. This gives us a
major boast in the quality of work we do and the output we promise to deliver to our clients.
The expansion work is a testimony of how industrial units can utilize its space and save on
costs by adopting solar. The addition of new capacity will help our client meet its growing
demand for energy at the same time cut down on energy costs.”
By 2023 Artha Energy Resources aims to add around 30MW of assets from solar. Artha
Energy resources owns few windmills in Rajasthan and Maharashtra. By the next couple of
years Artha Energy aims to achieve 80 percent of its capacity coming from solar power.
Ninety percent of its industrial project clients are from pharma,automobiles and FMCG
while on the commercial front -- hotels, malls and corporate houses of large companies
form its clientele. Apart from rooftop solar Artha Energy is active in operation of greenfield
and brownfield projects as well.
UNI BM SJC
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