Emmvee Solar, Manufacturer of Solarizer water heaters, seems to planning to foray into solar photovoltaic (PV) power project development in India by the end of this year.
According to Mr. D. V. Manjunatha, The company has set up two solar projects of about 14 MW in Europe, and is looking at projects of over 5 MW capacity in India.
Currently, the company is into manufacturing and retailing of solar water heaters and manufacturing solar crystalline PV modules.
Over the last few years, it has also started providing ‘solar solutions' across segments. It provides engineering-procurement-construction (EPC) services for power projects, installs solar systems for industrial applications such as telecom towers, railways or installing rooftop solar systems for commercial and residential buildings.
Currently, Emmvee is getting most of its revenues from exports however, the company is increasingly seeing growth in the domestic market.
While most module manufacturers in India such as Tata BP Solar and Indosolar are in the red, Emmvee is seeing good business.
When asked how the company has managed this, Mr Manjunatha pointed out that it doesn't restrict itself to manufacturing of modules or providing EPC services, but works for “providing solar solutions” such as installing solar power systems for captive use for residential and commercial buildings.
The company is planning to add capacity to its existing 135 MW manufacturing line in Bangalore.
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