The Company
One of India's oldest solar company
Sanchay New Age Developers Private Limited
Mr. S.D.Sharma traveled all over India and almost the whole globe to sell textiles Products. During his visit in early 2002 to US and Canada he saw news in newspaper that one company (the First Solar) started production of power from the sun light. In 2005 he again saw news about the same company which peaked at 25 MW capacity of free power from Sun at the US and Canadian border.
He thought seriously about solar and also saw some large-scale plants in US and Canada. He again saw the flood of solar Panels and started solar business. But in India it is was very difficult to start and establish a new business of Solar PV, he faced the same problem as he faced in my first business of Red Chili and secondly in textiles, as India was a zero-factor market in 80’s for Home furnishings too.
Till 2009, Indian solar Industries were not so big, but news from the entire world including US, Canada and Europe was surprising inspiring.
In September 2009, this edition of NATIONAL GEOGRAPHIC JOURNAL inspired and made me a solar fanatic. He became a solar campaigner after this Journal, as to 2005, when he visited many solar power plants in US and Canada and thought about the solar PV business then at last started it in 2006 by incorporate the India’s one of the eldest solar companies
Company Overview and Solar History
- The company is an active player in renewable power industry started in 2006 we are working from more than a decade as a Solar rooftop & Land mounted open access EPC company, I&C & O&M Contractor /Solar Park Developers / Power Producer including supply and installation of solar components including modules, invertors, cables, etc.
- The promoters of the company come with over more than 10 years of experience in renewable power sector, having executed several projects in multiple locations including roof top, ground mounted and open access solar power projects in 12 Indian States.
- The company and its directors have over 10 years of strong collaboration with Tata Power group for procurement of high quality modules and other components, installations backed by a prior agreed memorandum of understanding
- The promoters of the company have a strong track record of successfully executing EPC and O&M arrangements for more than 85+ MW rooftop solar power projects in the past. Projects have been executed in various cities ranging from 100 KWp to 12 MW. Commissioned first 1 MW rooftop project in 2012 then world largest solar rooftop project of 12 MW and now working on to install world largest rooftop of 23 MW for a customer. With combined capacity of 85 MW+ Solar Rooftop and 195 MW trunky solar ground mounted open access power plants for captive company is a leading solar rooftop and ground mounted open access power plants company working for in C&I Sector. Including the largest rooftop plant with DCR Modules & first DG Synchronization Project.
- In addition to EPC and O&M, the company has also worked on a supplier model wherein it ensured smooth supply and installation of modules, invertors and other components for numerous projects in the past.
- Until present times, the company has been building solar power projects business on Capital Expenditure Model (CAPEX) wherein it has been funding the projects through its own proprietary resources.
- Lately, in order to foster its growth as part of future plans, the management has decided to switch to developing solar park of 100 MW in the of State of Haryana & 410 MW solar park in Uttar Pradesh with an objective to facilitate the solar project big power consumer to set up a captive projects in a plug and play model under CAPEX or Renewable Energy Service Company (RESCO-PPA) Model.
- RESCO model shall offer long term cash inflows with confirmed return on investment backed by long term 25 years PPA with bankable off-takers.
- At present, Company loan book is zero, no any investment/loan from outside 100% shares of Company is in promotors hands.
We cover almost all India to serve you to develop solar awareness & create adoption" for solar power by the industry
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The Project
From last 17 years we are harnessing solar energy for decarbonization mother earth, now using solar energy for green hydrogen for contribution to India’s climate net zero goals, comes with one of the world’s largest mega green hydrogen projects using solar power for the production of 2.5 lac MTPA green hydrogen with 1 GW Electrolyger manufacturing unit.