Solarium Green Energy Limited has announced a significant development in its solar energy business. The company has secured rooftop solar orders worth ₹8.22 crore from NTPC Vidyut Vyapar Nigam Limited (NVVN) for Defense Research and Development Organisation (DRDO) projects across India.

Contract Details

The contract involves the installation of rooftop solar systems at various DRDO facilities nationwide. The orders are part of NVVN's initiative for the "Selection & Discovery of L1 Rates for Rate Contract for EPC of Grid Connected Rooftop Solar PV Projects (201–1000 kW) across India."

The total contract value of ₹8.22 crore (excluding GST) is divided into three separate work orders:

1. ₹3.48 crore for a 1000 kW Rooftop Solar Project at DRDO Chennai
2. ₹2.99 crore for an 860 kW Rooftop Solar Project at DRDO Visakhapatnam
3. ₹1.76 crore for a 505 kW Rooftop Solar Project at DRDO Chandipur

Project Scope and Timeline

Each project encompasses supply, installation, and long-term maintenance of the solar systems:

The company is required to complete the facilities for each project within 120 days from the date of the Notice of Award. Following installation, Solarium Green Energy will provide comprehensive Operation and Maintenance (O&M) services for a period of ten years.

Impact on Business

Ankit Garg, Chairman & Managing Director of Solarium Green Energy, stated that these orders will significantly broaden the company's customer base and serve as a key driver in enhancing profitability. The contracts not only strengthen Solarium's position in the solar energy sector but also highlight its capability to execute projects for prestigious organizations like DRDO.

This development underscores the growing adoption of renewable energy solutions by government entities and reinforces Solarium Green Energy's role in India's transition towards sustainable energy sources.

Investors and stakeholders will likely view this contract positively, as it demonstrates the company's ability to secure substantial projects in the competitive solar energy market. The long-term nature of the O&M contracts also provides Solarium with a steady revenue stream for the next decade, potentially improving its financial stability and growth prospects.

Solarium Green Energy Limited (SGEL) has inked a significant 10-year technology transfer agreement with the Defence Research and Development Organisation (DRDO), marking a major milestone in sustainable energy solutions for high-altitude defense installations.

Key Highlights of the Agreement

• Technology Focus: The agreement centers on solar thermal space heating systems specifically designed for high-altitude defense shelters.
• Duration: The licensing agreement is valid for 10 years.
• Financial Terms: SGEL will pay ₹59,32,203.00 (excluding taxes) as a technology transfer fee.
• Market Scope: The license allows SGEL to manufacture in India and sell to Indian Armed Forces and other government agencies (both Central and State/UT).

Strategic Importance

The collaboration addresses a critical need in high-altitude regions like Ladakh, where severe cold conditions necessitate efficient and sustainable heating solutions. The solar thermal technology developed by DRDO's Defence Institute of High Altitude Research (DIHAR) in Leh has shown promising results:

• Tested over three consecutive winters (2022-2024)
• Successfully replaced diesel boiler-based heating systems
• Potential to significantly reduce reliance on fossil fuels in extreme environments

Technology Overview

The innovative system utilizes:

• Evacuated tube solar thermal collectors
• Thermic fluids and phase-change materials for heat storage and delivery
• Integrated heat pump as a backup for cloudy days

Competitive Edge for Solarium

With this agreement, Solarium Green Energy positions itself as one of the few companies with access to this specialized technology. The company anticipates:

• Receiving multiple projects in the Ladakh region
• Potential for scaling up as a separate business segment in the next 2-3 years

Expert Leadership

To spearhead this initiative, SGEL has brought on board Dr. Anshul Sachdeva, a Ph.D. holder from the National Institute of Technology, Kurukshetra. Dr. Sachdeva brings:

• 7 years of R&D experience in solar energy applications
• Three patents for solar energy-based products
• Collaborative project experience with DRDO, NISE, and ANRF-DST

Financial Outlook

While the immediate financial impact of this agreement is not specified, the strategic nature of the deal and the potential for government contracts suggest positive long-term implications for Solarium Green Energy's growth and market position.

Conclusion

This technology transfer agreement represents a significant step forward in sustainable energy solutions for defense applications in extreme environments. It not only showcases the innovative capabilities of Indian research institutions but also highlights the growing importance of private-public partnerships in addressing critical national needs through clean energy technologies.