Intimation of Commissioning of Solar Power Projects forming Part of IPO Objects
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GRE Renew Enertech has commissioned and operationalized two ground-mounted solar power projects — Project A and Project B — with a combined capacity of 7.20 MW (AC) / 9.67 MW (DC). The projects are located at Village Gadha and Vaktapur, Taluka Himmatnagar, Sabarkantha district, Gujarat, and began generating solar power from May 27, 2026. These projects form part of the objects for which funds were raised through the company's recent IPO. All required approvals, including charging permission and meter sealing, have been received, while the formal commissioning certificate from the Gujarat Energy Development Agency (GEDA) is still awaited.
Positive for shareholders — the company has delivered on a key IPO promise by bringing the solar projects online on time, which should start contributing to revenue and strengthen investor confidence in management's execution capability.