Title: Teerth Gopicon signs MoU of ₹1,500 crore & bags order from JVVNL
In a significant development for the solar energy sector, Teerth Gopicon Limited (TGL) has signed a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh’s Renewable Energy Department to invest ₹1,500 crore in a 6 GW solar manufacturing project. The project will consist of 3 GW modules and 3 GW cells, making it one of the largest solar manufacturing projects in the country. This MoU is a testament to the company’s commitment to scaling up its solar energy business and contributing to India’s renewable energy goals.
What’s more, TGL has also received an order from Jaipur Vidyut Vitaran Nigam Limited (JVVNL) for 6.89 MW of grid-connected solar plants under the Pradhan Mantri Kusum Yojana (PM-KUSUM) scheme. This RESCO (Renewable Energy Service Company) mode project will be spread across four locations in Rajasthan and will include 25-year operation and maintenance (O&M) services. The project is expected to generate clean energy and reduce the carbon footprint of the region.
The MoU with the Government of Madhya Pradesh is a significant milestone for TGL, as it marks the company’s entry into the solar manufacturing sector. The project will create employment opportunities and contribute to the local economy. The company plans to set up a state-of-the-art manufacturing facility that will produce high-quality solar modules and cells. The facility will be equipped with the latest technology and machinery, ensuring high efficiency and reliability.
The PM-KUSUM scheme is a government initiative aimed at promoting solar energy in rural areas. The scheme provides financial assistance to farmers and rural households to install solar panels on their rooftops or in their fields. The goal of the scheme is to promote off-grid solar energy and reduce the dependence on grid electricity. TGL’s order from JVVNL to install 6.89 MW of grid-connected solar plants is a significant step towards achieving this goal.
Teerth Gopicon Limited has been a major player in the solar energy sector for several years, with a strong presence in the market. The company has developed a range of solar energy solutions, including solar panels, inverters, and system design and installation services. TGL’s expertise in the solar energy sector has enabled it to deliver high-quality solutions to its customers, and the company has established a reputation for reliability and efficiency.
The company’s latest order from JVVNL is a testament to its commitment to delivering high-quality solar energy solutions to its customers. The order is a significant milestone for TGL, as it marks the company’s entry into the RESCO mode project space. The project will be implemented under the PM-KUSUM scheme, which provides financial assistance to farmers and rural households to install solar panels on their rooftops or in their fields.
The RESCO mode project is a new business model for TGL, and the company is excited to be a part of it. The project will not only generate clean energy but also provide employment opportunities and contribute to the local economy. TGL’s O&M services will ensure that the solar plants are maintained and operated efficiently, ensuring maximum energy output and minimizing downtime.
Teerth Gopicon Limited’s MoU with the Government of Madhya Pradesh and order from JVVNL are significant developments for the solar energy sector. The company’s commitment to investing ₹1,500 crore in a 6 GW solar manufacturing project is a testament to its confidence in the sector and its ability to deliver high-quality solutions to its customers.
In conclusion, Teerth Gopicon Limited’s signing of the MoU with the Government of Madhya Pradesh and order from JVVNL are significant developments for the solar energy sector. The company’s commitment to investing ₹1,500 crore in a 6 GW solar manufacturing project and implementing a 6.89 MW RESCO mode project under the PM-KUSUM scheme are significant steps towards promoting solar energy in India. The project will create employment opportunities, contribute to the local economy, and reduce the carbon footprint of the region.
