Shyam Metalics finalizes 20.43 MW of 100 MW renewable energy implementation

Shyam Metalics and Energy Ltd., a leading integrated metal manufacturing company in India, is set to embark into clean energy with the integration of rooftop and floating solar in their PAN India facilities. The company has announced Phase 1 of this project with an installed capacity of 5.2 MWp and shall be followed by Phase 2 having an installed capacity of 4.8 MWp. Phase 3 of the project is being executed in Group Captive and OPEX modal, wherein the Renewable Energy Service Company (RESCO) along with Shyam Metalics and Energy Limited shall develop 10.43 MWp distributed projects. The proposed projects encompass the installation of floating solar and rooftop plants on the industrial sheds, administrative & residential buildings and reservoirs located inside the company’s manufacturing plant premises. The cumulative solar capacity of 20.43 MWp is estimated to produce 35,793.36 MWh of clean energy per year, offsetting 35,077.49 tons of CO2 emissions.