Solar power solutions provider Hartek Group has carved out a separate business vertical to tap the huge opportunities in the rapidly-growing rooftop photovoltaic market.
The vertical is called 'Hartek Solar' and the company has appointed Ravinder Shan as its Chief Executive Officer.
"Hartek Solar has been inspired by the idea of building a sustainable future through energy-efficient rooftop solutions. We would work towards consolidating the company's foothold in the rooftop solar domain by coming up with innovative solutions and attractive business models to capitalise on the emerging trends," Chairman and Managing Director Hartek Singh said in a statement here today.
The company has already commissioned 13.75 MW rooftop solar plants across the country in Tamil Nadu, Telangana, Uttar Pradesh, Gujarat, West Bengal, Punjab and Chandigarh,
"The rooftop segment is set to grow at a faster pace than the market for utility-scale projects in the near future with constantly declining tariffs and net metering expected to emerge as the game changers," he added.
Commenting on the new development, Shan said the immediate focus of Hartek Solar would be on commercial spaces and industries.
"But we will also tap the residential market, which will drive much of the growth in the rooftop solar space in years to come, by offering customised solutions based on electricity usage and availability of space," he said.
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