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Solarworld Energy Solutions Limited was originally incorporated as ‘Solarworld Energy Solutions Private Limited’ under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated July 17, 2013, issued by the RoC. Subsequently, Company was converted from a private company to a public company, pursuant to a resolution passed by its Shareholders at the extraordinary general meeting held on August 24, 2024, following which the name of the Company was changed to ‘Solarworld Energy Solutions Limited’ and a certificate of incorporation consequent upon conversion to public limited company was issued by the RoC on September 23, 2024.
The company is engaged in providing solar energy solutions, specialising in engineering, procurement and construction (EPC) services for solar power projects. It commenced its operations in 2013, offering comprehensive, end to end and cost-effective solutions for the installation of solar power projects tailored to its customers’ needs, which comprise public sector undertakings (PSUs) and commercial and industrial clients (C&I Clients). Its solutions are designed to strengthen its customers sustainable energy infrastructure, supporting their decarbonization efforts and driving energy efficiency improvements. It offers these solutions through two distinct models namely the capital expenditure (CAPEX) model and the renewable energy service company (RESCO) model.
Under the CAPEX model, it provides end-to-end solutions by designing, installing, setting up and commissioning the solar power projects on a turn-key basis for its customers, while the ownership of the solar power projects vests with the customer itself. The scope of its services ranges from the evaluation of land, designing of the project, procurement of raw material and components, installation of equipment, setup of the transmission infrastructure and the maintenance/operation of the project for the contracted period.
Under the RESCO model, the power purchaser is not required to make any capital investment for the solar power project, allowing them to reduce their carbon footprint without upfront expenditure. The investment under this model includes land acquisition, equipment procurement and installation, and obtaining necessary regulatory and statutory approvals from local authorities. It installs, owns and operates the solar power projects, with its customers purchasing the generated power at fixed tariffs agreed upon through long-term power purchase agreements (PPAs).
Under the CAPEX and RESCO models, it also provides operations and maintenance (O&M) services depending on the requirements of its customers. These services are designed to provide forward-integrated, full life-cycle support, ensuring the long-term performance and reliability of solar power.
Business area of the company
Solarworld Energy Solutions is principally engaged in the business of solar power plant set up, EPC etc. The company, together with its subsidiaries, associate, and joint ventures, is primarily engaged in the business of solar power plant set up, EPC, solar accessories, and undertakes related construction/project related activities.
Services of the company
Products of the company
PV module
Battery Energy Storage Systems (BESS)
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