Stovekraft Installs Solar Rooftop System at its Bengaluru Factory

Stovekraft Ltd took a giant step towards producing clean energy and reducing carbon emissions. The company inaugurated India’s first Solar PV Rooftop System with higher efficiency mono PERC 535/540Wp PV Module.

August 12, 2021. By News Bureau

Stovekraft Ltd took a giant step towards producing clean energy and reducing carbon emissions. The company inaugurated India’s first Solar PV Rooftop System with higher efficiency mono PERC 535/540Wp PV Module.

The company has implemented this project in its Bengaluru factory, which is spread across 16 acres, and has more than 4,50,000 sq. ft. roof space.

At the inauguration of the project, Rajendra Gandhi, MD of Stovekraft, said, “We believe in sustainability as a key driver of growth. Futuristic businesses across the globe have started a movement towards renewable energy. Our solar rooftop project is one such initiative. Eventually, we envisage, we will be able to commission renewable energy assets to generate 80% of our annual requirement.”

Stovekraft estimated that this project will reduce their carbon footprint by 5000 MT and will reduce the company’s dependency on non-renewable energy.

Since this will be a captive unit, the cost of power will reduce significantly. It will also help the company to capitalize the roof of the factory which was unutilized till now.

The company is expecting power generation of 50 lakh units in a year.

Stovekraft has partnered with Integrum Energy, new age project management & EPC start up, for building its renewal assets. Stovekraft has installed one-of-its-kind high efficiency Mono PERC Module with 535Wp/540Wp from JA Solar and Inverters from Solis.

The accelerated depreciation for solar installations allows industrial users to depreciate their investments in a renewal power plant at a higher rate compared to their fixed assets to reduce tax liability.

A solar power system reduces the amount of heat reaching the roof by an incredible 30%, keeping a building’s roof five degrees cooler than portions of a roof exposed to sunlight directly.

Stovekraft has promoted energy conservation in all its offices. By switching to LED lights, the organisation has cut down on electricity usage and bills.
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