Hartek Solar, which has recently been named among the top 3 rooftop solar installers in India by Mercom in CY 2022, is betting on floating solar. While talking to ET.com's Anil Satapathy, Simarpreet Singh, Executive Director, Hartek Group, said that floating solar power could be a game changer in the future. Simarpreet also talked about the company's hydrogen plans, PLI scheme, and other aspects of India's renewable industry.
Edited excerpts:
Tell me something about Hartek’s journey so far.
We have been in the power system business since the early 2000s. Even today, we are market leaders in the TNT power system. In 2009, the National Solar Mission was launched, so we started to work with a lot of developers on substations and power grid evacuation.
That was our entry into the solar business, and we got a deeper understanding of the renewable sector and how big it could be. In 2011–12, we ventured into solar EPC, but we were doing small projects. In 2015, I fully founded the solar business separately, and in 2016, we kicked off our operations.
Today, we are among the top 3 in the country.
We do not call ourselves a solar business. We call it a renewable business, as it has solar as well as hydrogen and other things. We typically work as a solar EPC, and we are focused on rooftops.
We are focused on the corporate and manufacturing industries as sustainability partners. We have floating solar projects as well; in fact, we are building India’s largest floating solar project. This will be Asia’s first downstream floating solar project.
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