MYSUN, a rooftop solar firm, is planning to make an investment of Rs 600 crore in the next three years to develop 200 MW solar portfolio of Phase-I of its recently launched asset vehicle MYSUN+.
This new venture will provide bespoke solar energy solutions to large corporate, industrial and commercial establishments on build, own, operate and transfer (BOOT) or Renewable Energy Service Company (RESCO) model.
MYSUN+ has signed up and executed or is executing projects in Rajasthan, Madhya Pradesh, Andhra Pradesh and Puducherry.
MYSUN+ enables consumers to buy solar power without the hassles of setting up and operating a solar plant on their buildings and without making any upfront investments. This initiative will immensely benefit the companies by making their energy consumption more cost-effective and in reducing their carbon footprints.
The company is funding MYSUN+ with the capital it raised recently and is in the process of closing debt for its first set of projects.