DhaSh PV Technologies To Invest Rs 346.35 Crore In Karnataka RE Projects

DhaSh PV Technologies To Invest Rs 346.35 Crore In Karnataka RE Projects. Pexels.

Bengaluru-based sustainable solutions company DhaSh PV Technologies has announced an investment of Rs 346.35 crore towards various renewable energy projects to harness renewable energy sources.

In a post on Linkedin, the company stated, “This significant investment by us into an Integrated Junction box including DC connections manufacturing facility, not only reflects our commitment to renewable industry but also the development of the state of Karnataka which will open the door to a wave of job opportunities being created. This project is a testament to our dedication to fostering renewable manufacturing by creating green jobs and overall economic growth.”

This decision of the DhaSh PV Tech was approved by the Karnataka government last month when it approved 73 projects worth Rs 3,935.52 crore. The projects are expected to generate employment for nearly 15,000 people, according to a statement. Among these projects are initiatives by ETL Secure Space Limited and DhaSh PV Technologies Private Limited, contributing INR 490.5 crores and INR 346.35 crores respectively.

In other news, the latest draft notification released by the Karnataka Energy Regulatory Commission (KERC) proposed a Peer-to-Peer (P2P) system for energy transactions, through a blockchain-based platform between consumers and the discoms. The policy suggested the use of a blockchain-based electronic platform by the service provider to sell their energy to P2P consumers at a mutually agreed-upon price by the service provider. The service provider is a ‘Discom Licensee’ that provides P2P energy transaction services on the Blockchain-based platform.

Furthermore, Karnataka has also now planned to boost the usage of solar energy in its buildings. It has also planned to boost green buildings in the state. The state recently unveiled its ‘State Energy Efficiency Action Plan,’ outlining a strategic shift from conventional to solar-led electrification of buildings. The plan emphasizes the importance of BEE (Bureau of Energy Efficiency) Star Ratings for Buildings, particularly green buildings. It can help to integrate features such as energy-efficient lighting, HVAC systems, and renewable energy sources.