Incorporated as GRE Renew Enertech Limited, the company is engaged in providing solar energy solutions along with LED lighting products, with its current operations largely centred on the solar segment. Its activities include the design, engineering, procurement, construction, and commissioning of rooftop and ground-mounted solar power projects for industrial and commercial users. The company’s portfolio also covers grid-connected rooftop systems and hybrid solar installations that integrate solar panels, batteries, and grid access. While it initially operated as a manufacturer of LED lighting solutions, its business focus has gradually shifted towards solar energy projects and related execution services.
GRE Renew Enertech Limited operates through two primary business models: the Capital Expenditure (CAPEX) model and the Renewable Energy Service Company (RESCO) model. Under the CAPEX model, customers fund and own the solar assets, while the company undertakes engineering, procurement, construction, and, where applicable, operation and maintenance activities. Under the RESCO model, the company develops, owns, and operates rooftop or ground-mounted solar installations, supplying power to consumers under agreed tariff arrangements over the contract period. In this structure, the solar assets remain with the company for the duration of the agreement. These models place the company’s operations within the broader context of on-site solar adoption by commercial and industrial consumers in India.