"Epic Energy Ltd to Develop 35 MWp Solar Park in Solapur, Maharashtra"

Epic Energy Limited (Epic) has announced a significant expansion in the solar energy sector with the signing of an agreement with Niva Ecotech Pvt Ltd. (Niva) to establish a 35 MWp (25 MW) Solar Park in and around Solapur, Maharashtra.

Pranav Chhatre, Director of Epic Renewable Projects Private Limited, a wholly-owned subsidiary of Epic Energy focused on solar park development, expressed enthusiasm about this first collaborative venture with Niva. "We are thrilled to launch our initial project with Niva, having already identified several promising sites in Solapur for the 35 MWp solar park. Our objective is to achieve a total installed capacity of 140 MWp (100 MW) within the next two years," Chhatre stated.

Ajay Mundada, Director of Niva Ecotech Pvt Ltd, highlighted Solapur's suitability for solar projects. "Solapur is an optimal location for solar parks. Over the past three years, Niva has successfully executed multiple projects in this area. Our partnership with Epic will leverage our expertise to further advance India's solar energy capabilities," Mundada remarked.

Nikhil Morsawala, CFO of Epic, detailed the business model for the new solar park. "We are in advanced talks with several leading corporates in India to set up solar energy plants under the Group Captive Open Access system at the Solapur park. Our goal is to help these corporations reduce their carbon footprint, meet their ESG objectives, and lower their energy costs," Morsawala explained.

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