India has made remarkable progress in adopting renewable energy, with a current installed capacity at 166 GW. The growing demand for electricity and declining costs of renewables, along with government support, have been the significant drivers of growth in the market. India aims to achieve net zero carbon emissions by 2070 and meet 50 percent of its electricity needs from renewables by 2030, making it one of the most attractive renewable energy markets globally. The sector is expected to grow in the coming years, making India a hub for renewable energy. The Indian government's efforts to promote domestic manufacturing and attract investment through incentive schemes will further boost the industry's growth.
Founded in 2017, HFM SOLAR is a solar power developer providing reliable, low carbon solar energy solutions to a diverse customer base of institutional, government, commercial, industrial, and residential customers. The Indian solar energy sector is facing several challenges, such as a lack of domestic manufacturing of solar components, limited R&D, high initial investments, long payback periods, low tariffs, to name a few.Consumers expect a self-reliant industry, a skilled workforce, sustainable tariffs, and easier access to financing. They also require better quality equipment and world class infrastructure to meet the growing demand for solar energy and reduce its dependence on imports.
HFM SOLAR prioritizes quality in its business practices and is committed to never compromise on the safety, compliance and quality of its services and solutions. While the company was established with a mission to provide sustainable energy solutions, specifically rooftop solar under the RESCO model, to the government and educational institutional sector, having faced significant challenges since its founding, it is on a growth trajectory path today. HFM has executed over 50 rooftop projects in the said geographies and aspires to be a trusted sustainability partner delivering high-quality solutions with customer satisfaction as its top priority.
Despite the COVID slowdown, the company is confident of adding capacities and sustaining growth post-pandemic, with increased demand for its Resco Model solutions."The goal is to achieve customer satisfaction and be recognized as a leading company in the solar energy industry”, speaks Dharmendra Jain, CEO, HFM SOLAR.
Driving Sustainability Forward
HFM SOLAR provides end-to-end solar solutions, including Capex, Resco and Open Access, deployed on Rooftops, Ground Mounted, and Carports, with comprehensive operation and maintenance services. The customer engagement process at HFM SOLAR starts with the receipt of an enquiry and involves a thorough understanding of the customer's requirements through an RFQ/RFP process and a meeting with a Solar Expert. During the meeting, the customer's goals are clarified, questions are answered, and the optimal Solar Solution (Capex or Resco) is identified and the entire solar process is outlined. With in-house expertise in engineering, procurement, and project management, HFM SOLAR prioritizes safety, quality and compliance while maximizing long-term performance through effective asset management.
HFM SOLAR prioritizes quality in its Business practices & is committed to never Compromise on the safety, compliance & Quality of our services & solutions
The company manages a portfolio of over 15 MW of operational assets in Uttar Pradesh, Delhi, Assam, & Haryana, and has additional 14 MW of solar projects under pipeline. HFM SOLAR is also an exclusive channel partner of Adani Solar, for Solar PV Module retail distribution across Uttar Pradesh. "HFM's mission is to make the customer’s lives better by reducing their energy bills, by increasing their reliance on clean and abundant renewable energy, and by providing a superior customer experience through a reliable, speedy and high-quality installation, process & support team”, speaks Dharmendra. HFM SOLAR's leadership team is equipped with diverse experience and expertise in renewable energy, consulting, engineering and technology professionals, who have developed and installed over 500 MW of solar projects. The company focuses on continuously improving its quality management system, building loyal customer relationships, empowering employees through training and development, embracing technology and upgrading systems.
The company's Asset Management team provides top-notch operation and maintenance services, which closely monitors the solar system’s for optimized generation and strives for 100 percent uptime for all plant’s. The team's goal is to ensure the smooth performance, efficient operations, and maintenance of the sites, resulting in reduced downtime, increased energy production, and prolonged system life. The company acts as an expert guide throughout the process, making the transition to solar energy, simple and stress-free. HFM SOLAR is consistently ranked in the top 10 project developers category by Bridge to India, a leading consultancy in the Indian renewable energy market. HFM SOLAR aims to be a trusted sustainability partner providing efficient solar energy solutions. The company is committed in its endeavor to contribute towards environment protection & create a sustainable future through Solar Energy. To meet this goal, the company is actively pursuing opportunities to grow its project portfolio & plans to scale growth with increased investment in manpower and capital. Launching ‘Surya Nootan’, a solarpowered stove, marks entry into the manufacturing of solar products.
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