Esteem Solar Tech will likely be the prime beneficiary of renewable energy (RE) industry growth.
“Globally, the industry trajectory is expected to be positive over the long run boosted by international investors and governments’ concerted efforts to encourage investments in growing this segment.
“Meanwhile on the more domestic front, the government has also set a national target of hitting 20 per cent renewable energy generation by 2025, from two per cent in 2020.
“This is expected to lead to a huge surge in new renewable energy capacity in the coming years, mostly driven by solar,” he said in a note today.
The firm said beyond being a mere solar engineering, procurement, construction and commissioning (EPCC) contractor, Esteem Solar Tech is also looking to venture into the build-and-operate model for its investments in renewable energy plants.