City-based Hartek Group today announced the launch of a separate business vertical — Hartek Solar — to tap opportunities arising in the solar space. The company also announced the appointment of industry veteran Ravinder Shan as its Chief Executive Officer (CEO). Having commissioned 13.75-MW rooftop solar plants across the country in states like Tamil Nadu, Telangana, Uttar Pradesh, Gujarat, West Bengal, Punjab and Chandigarh, the Hartek Group rooftop solar business division has been rated among the notable rooftop solar installers in India, said a company statement here.
Stating that Hartek Solar has been inspired by the idea of building a sustainable future through energy-efficient rooftop solutions, Hartek Group Chairman and Managing Director (CMD) Hartek Singh said he 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.
“The appointment of Ravinder Shan as the company’s CEO is a decisive step in this direction. The valuable experience that Shan brings with him in new business development, project management and operations will give Hartek Solar a competitive edge in developing and providing complete rooftop solutions, right from installation of solar panels and inverters to supply, design, engineering and commissioning,” he said in a statement.
Singh said that 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 game changers. Elaborating on the plans for Hartek Solar, Shan said the immediate focus of the company 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,” said the Hartek Solar CEO.