Considering the warning signs given by the environment, humans are becoming increasingly aware of preserving nature and non-renewable resources. This has given rise to the popularity of solar energy. Not only does solar energy help preserve the environment, but it is also a thriving business with guaranteed profits and successful ventures.

With more business people understanding the importance and benefits of investing in solar power, solar power generation companies are on the rise. In this article, we will go over the thing you need to consider while setting up a power generation company in India.

Getting Necessary Licenses & Certifications

Before finalizing anything, the first step is to get all the relevant licenses and certifications needed to set up a solar power generation company in India. There are different procedures involved for various documents and certain criteria that you need to be eligible for. Ideally, the licences and certifications required are as follows:

TIN
The article of Association
An article of Memorandum
Certificate of Commencement

Registration

Once you have got your documents in place, the next step is registration. As per the standard with all businesses, you need to register your company with the registrar office in your state. Before granting your business firm registration, they will vet and verify all your certifications; hence, before going through this step, it’s imperative to get proper documents. If there are no glitches, and everything is in order, your business will be granted registration.
Determine A Budget

Once you’re done with all the technicalities of setting up the business, the next step is to determine a budget. Ideally, your budget should include costing for the following factors:

Land to build the power plant
The construction cost to build the power plant
The machinery required to operate the power plant
The manpower required to operate the machinery
Raw materials required daily
Transportation for procuring raw-materials or delivering goods
Marketing
Setting up office infrastructure
Tax payments

Building The Power Plant

The final step in setting up a solar power generation company is building your power plant. This is the most crucial step and has the capability to make or break your company. Here are certain pointers to keep in mind while building the power plant:

Choose an appropriate location for your operations wherein you have adequate access to sunlight
Procure advanced and high-quality machinery for proper operations
Hire talented and skilled resources that have relevant experience in the industry
Build adequate infrastructure for the employees and adopt safety measures
Implement care policies for your employees
Spread the word through various marketing strategies


In a nutshell, setting up a solar power generation company in India is not radically different or challenging. However, you need to be careful while choosing the location as the demand and supply need to match your requirement. If you are looking for some professional guidance while setting up the plant, you can reach out to reputed companies like Thermax.