The economic growth and population expansion in India have led to an increasing need for energy. In response to the growing need, renewable energy sources are being utilized as a viable and environmentally friendly substitute for traditional fossil fuels. The market size of renewable energy in India has achieved a value of US$ 20 billion in the year 2022. According to IMARC Group’s projections, the market is anticipated to achieve a value of US$ 35.6 billion by the year 2028, with a compound annual growth rate (CAGR) of 10.19 percent during the period spanning from 2023 to 2028. The market is being driven by several factors, including the swift progress in renewable energy technologies like solar photovoltaics, wind turbines, and energy storage systems, growing apprehensions regarding climate change and the environmental consequences of fossil fuels, and the escalating need for clean and sustainable energy alternatives. Renfra Energy, established in 2017, is one of the leading companies in the renewable energy sector. It is a leading developer in the renewable energy sector, providing end-to-end solutions for both wind and solar energy.
Customers in this particular sector are faced with a variety of challenges, including issues of reliability, convenience, and affordable services related to the products. “Renfra Energy, as an organization, emphasizes addressing these service-related aspects through the expertise of our dedicated teams. Our pricing strategy takes into consideration the value we offer to customers while also considering their purchasing power capacity. Renfra Energy has established a strong reputation in the renewable energy sector, characterized by reliability and a robust presence in the market. We have a customer-friendly approach and flexibility in meeting the unique needs of our clients, thereby fostering strong relationships and enhancing overall bonding”, says P. Muthuraj, Chairman and Managing Director of Renfra Energy
Renfra Energy provides a wide range of services and products to its customers. “As a turnkey project solution provider, we are in both wind and solar project development, which all involve land development, grid approvals, material resourcing, project execution, commissioning, and complete asset management for a long-term lifetime period. We are dedicated to providing our customers with reliable and superior services that will increase the productivity of their investment in renewable energy and be profitable for their company. We provide services to residential complexes and institutional and industrial/commercial complexes by ensuring the smooth functioning of above-mentioned energy sources”, speaks P. Muthuraj
P. Muthuraj, a man with a wide range of knowledge and abilities, developed the business. Since it has been awarded ISO certification, you can rest assured that all of your projects will be handled professionally and to your satisfaction. Since both technology and skill sets are constantly evolving, the team has developed considerable expertise in keeping up with the latest developments. More than 200 dedicated workers at various project sites ensure high-quality service delivery. Companies like Saravana Stores, The Leela Palaces & Hotels, Indus 555 TMT, and many more are customers of the company.
Since its inception, Renfra Energy has steadily increased its revenue and customer base. The company has set a target of 300 MW for the current fiscal year, with 250 MW coming from solar and 50 MW from wind in the Indian state of Tamil Nadu. In the forthcoming years, the company intends to expand its operations into the emerging sectors of green hydrogen and battery energy storage systems. Furthermore, it serves as a significant contributor to effectively bolstering India’s ambitious goal of achieving 500 GW of renewable energy by 2030. Additionally, it is actively engaged in exploring specific marketplaces on a global scale as part of its ongoing efforts