Servotech Partners with BEKEM Infra for Rooftop Solar Projects
In a significant development for the renewable energy sector, Servotech Renewable Power Systems has announced a joint venture (JV) with BEKEM Infra Projects to jointly bid for government renewable energy projects. The partnership focuses on rooftop solar and associated infrastructure under various schemes. With this collaboration, Servotech aims to expand its renewable energy capacity and increase clean energy adoption across government initiatives.
As per the agreement, Servotech will retain its existing equity, and no shares will be issued to BEKEM Infra Projects. The JV will leverage the strengths of both companies to compete for government tenders and projects in the rooftop solar segment. This strategic partnership is expected to create new opportunities for the companies to tap into the growing demand for renewable energy solutions.
Servotech Renewable Power Systems is a leading provider of solar solutions, offering a range of products and services that cater to the needs of residential, commercial, and industrial customers. The company has an extensive portfolio of projects across India, and its partnership with BEKEM Infra Projects is expected to further accelerate its growth in the renewable energy sector.
BEKEM Infra Projects, on the other hand, is a prominent infrastructure development company with expertise in building and managing large-scale infrastructure projects. The company has a strong track record of delivering complex projects on time and within budget, making it an ideal partner for Servotech in the rooftop solar segment.
The joint venture is a significant step forward in the government’s efforts to promote renewable energy and reduce greenhouse gas emissions. The Indian government has set ambitious targets for renewable energy, aiming to increase the share of non-fossil fuels in the country’s energy mix to 40% by 2030. The partnership between Servotech and BEKEM Infra Projects is expected to play a crucial role in achieving these goals.
Rooftop solar projects are a key area of focus for both companies, and the JV will enable them to leverage each other’s strengths to deliver high-quality projects. Servotech will bring its expertise in solar solutions and project execution, while BEKEM Infra Projects will contribute its experience in infrastructure development and project management.
The partnership is also expected to create new employment opportunities and stimulate local economic growth. The rooftop solar segment is a key driver of job creation in the renewable energy sector, and the JV will help to create new job opportunities in the industry.
In a statement, [Name], Managing Director, Servotech Renewable Power Systems, said, “We are excited to partner with BEKEM Infra Projects to jointly bid for government renewable energy projects. This partnership will enable us to leverage each other’s strengths and deliver high-quality projects that meet the needs of our customers and contribute to the growth of the renewable energy sector.”
Commenting on the partnership, [Name], Director, BEKEM Infra Projects, said, “We are delighted to partner with Servotech Renewable Power Systems to promote rooftop solar projects in India. This partnership will enable us to deliver high-quality projects that meet the needs of our customers and contribute to the growth of the renewable energy sector.”
The partnership between Servotech and BEKEM Infra Projects is a significant development for the renewable energy sector, and it is expected to create new opportunities for growth and development in the industry. As the country continues to focus on promoting renewable energy and reducing greenhouse gas emissions, the partnership will play a crucial role in achieving these goals.
About the News Source:
The news was first reported by DSIJ, a leading online platform for business news and analysis. The news article can be accessed at https://www.dsij.in/dsijarticledetail/solar-solutions-provider-enters-into-a-joint-venture-agreement-with-bekem-infra-projects-pvt-ltd-id001-52050.
About Servotech Renewable Power Systems:
Servotech Renewable Power Systems is a leading provider of solar solutions, offering a range of products and services that cater to the needs of residential, commercial, and industrial customers. The company has an extensive portfolio of projects across India and is committed to promoting renewable energy and reducing greenhouse gas emissions.
About BEKEM Infra Projects:
BEKEM Infra Projects is a prominent infrastructure development company with expertise in building and managing large-scale infrastructure projects. The company has a strong track record of delivering complex projects on time and within budget, making it an ideal partner for Servotech in the rooftop solar segment.
