- Saatvik Green Energy
Limited has incorporated a wholly owned subsidiary, Saatvik Power Storage Solutions Limited,
in India.
- The subsidiary will
focus on batteries and energy
storage systems, strengthening Saatvik’s clean energy ecosystem.
- The move aligns with
the company’s strategy to expand beyond solar manufacturing and Projects into
advanced energy storage and
integrated renewable energy solutions.
- The subsidiary plans
to explore opportunities in 20 GW of energy storage capacity over the next
five years
Mumbai:
Saatvik Green Energy
Limited, one of India’s fastest-growing fully integrated renewable energy
companies listed on the BSE and NSE, has announced the incorporation of its
wholly owned subsidiary, Saatvik Power
Storage Solutions Limited, in India. The newly formed entity will
operate in the renewable energy and
energy storage sector, focusing on the development and deployment of battery technologies and energy storage
systems.
The
initiative marks an important step in Saatvik’s strategy to build a future-ready clean energy platform
that integrates solar generation with storage solutions. The subsidiary plans
to explore opportunities in 20 GW of energy storage capacity over the next five
years, supporting grid stability and renewable integration across key markets.
The company also aims to introduce utility scale, C&I, retail and
residential range of battery and energy storage solutions, catering to
utility-scale, commercial & industrial, and distributed renewable energy
applications.
Commenting on the development, Prashant
Mathur, CEO of Saatvik Green Energy Limited, said: “Energy storage will
play a critical role in enabling the next phase of renewable energy growth. The
incorporation of Saatvik Power Storage Solutions Limited reflects our long-term
vision to build a comprehensive clean energy ecosystem that integrates solar
manufacturing, EPC capabilities, and advanced storage technologies. This step
positions Saatvik to contribute meaningfully to India’s transition toward
reliable, round-the-clock renewable power.”
The
subsidiary has been incorporated with an authorised capital of ₹10,00,000 divided into 1,00,000 equity shares of
₹10 each, with 100% shareholding
held by Saatvik Green Energy Limited.
The
establishment of the subsidiary reinforces Saatvik’s commitment to innovation, technology-led growth, and supporting
India’s clean energy transition, particularly as the country accelerates
deployment of renewable energy capacity supported by grid-scale and distributed
storage solutions.