According to reports, aiming to promote renewable energy, a Vizag-based startup – RED Solar Private Limited – is working towards promoting the use of solar energy and installing solar panels in residential and commercial buildings in the city.
Founded by Venkatesh Majjiand Rajesh Varma Bhupatirajuwho did their masters in the US and returned to the city after gaining experience there, RED Solar has already installed five solar energy systems in the current financial year. The company intends to complete 20 such installations in the city by the end of this fiscal.
Speaking to TOI, RED Solar co-founder Venkatesh Majji said, “Both of us (Venkatesh and Rajesh) have worked in the US and are passionate about renewable energy sources. We realised that there is a huge potential for solar energy in India. At the same time, we believe that by investing in solar energy, we can also provide employment to students from core branches such as civil and electrical engineering.
Furthermore, he said, “Until now, we have set up solar energy systems in two colleges and three residential houses. In addition to reaching out to individual customers, we are reaching out to many EPC contractors and be a sub contractor for them. There are lot of people who are interested in such solar energy systems in Vizag.”