GRE Renew Enertech Limited is an emerging player in India’s renewable energy space, specializing in rooftop and ground-mounted solar solutions for industrial and commercial customers. The Company focuses on delivering low-carbon, on-site solar energy projects and contributes significantly to clean energy adoption in India.

Business Segments

GRE operates primarily through two business models:

1) CAPEX (EPC Model): GRE provides end-to-end Engineering, Procurement, Construction, and Operation services, while customers invest in and own the solar assets.

2) RESCO (Opex Model): GRE invests in, owns, and operates solar installations, supplying power to customers at a pre-agreed tariff over the contract tenure.

The Company also plans to develop a 7.20 MW (AC) / 9.99 MW (DC) ground-mounted solar project under the RESCO model.

Solar and LED Operations

While GRE also manufactures LED lighting solutions, over 90% of total revenue is generated from the solar services segment. The LED business contributes less than 5% of revenue and complements the Company’s sustainability focus.

Subsidiary & Geographical Presence

GRE holds a foreign subsidiary, DK USA Inc., established in 2010 in the United States, primarily engaged in departmental stores, convenience stores, and gas stations. Currently, GRE’s operations are largely concentrated in Gujarat, with plans to expand into other states across India.

Competitive Strengths

i) Experienced promoter-led management team
ii) Strong EPC project portfolio exceeding 61 MW
iii) Dedicated operations & maintenance team with continuous training
iv) 24/7 remote monitoring and premium support systems
v) Alignment with national renewable energy policies and ESG goals