Renewsys India Leases Over 65,000 Sq M Near Mumbai for Solar Panel Production
Renewsys India has leased over 65,000 square meters of industrial space near Mumbai for its solar panel production facilities. The leasing deal, worth Rs. 14.3 Mn, is a significant move by the company to expand its manufacturing capabilities and meet the growing demand for renewable energy solutions.
Solar PanelsRenewable EnergyMumbaiIndustrial SpaceExpansionReal Estate MumbaiApr 17, 2025
The leased space is spread across three units, with the largest unit measuring 20,700 square meters. This space will be utilized for the production and assembly of high-efficiency solar panels. The other two units are 12,300 and 18,000 square meters, respectively. These facilities will be equipped with state-of-the-art technology to ensure the highest standards of quality and efficiency in solar panel production.
According to property registration documents accessed by CRE Matrix, the leasing deal includes the following:
- 12,300 square meters at Rs. 2.71 million per month
- 20,700 square meters at Rs. 4.65 million per month
- 18,000 square meters at Rs. 3.12 million per month
The total monthly rent for all three units is Rs. 10.48 million, making it a substantial investment for Renewsys India. The company has been at the forefront of the solar energy industry in India, and this expansion is a testament to its commitment to sustainable and renewable energy solutions.
The strategic location near Mumbai offers several advantages. Mumbai is a major economic hub with a well-developed infrastructure, including excellent transportation links and a skilled workforce. This will facilitate the efficient operation of the new facilities and ensure that Renewsys India can quickly respond to market demands.
Renewsys India's CEO, Rohit Kumar, expressed his enthusiasm about the expansion: ‘This leasing deal is a significant milestone for us. It will enable us to scale up our production capabilities and meet the growing demand for solar panels, especially in the commercial and residential sectors. We are confident that our new facilities will play a crucial role in accelerating the adoption of renewable energy in India.’
The solar energy market in India is expanding rapidly, driven by government initiatives and increasing awareness of environmental issues. The Ministry of New and Renewable Energy (MNRE) has set ambitious targets for solar power capacity, and companies like Renewsys India are playing a key role in achieving these goals.
The construction and operation of the new facilities are expected to create numerous job opportunities in the region. Renewsys India is committed to hiring local talent and providing training and development programs to ensure a skilled workforce.
In conclusion, Renewsys India's decision to lease over 65,000 square meters of industrial space near Mumbai is a strategic move that will bolster its position in the solar energy market. This expansion will not only help the company meet the growing demand for solar panels but also contribute to the overall development of the renewable energy sector in India.
Frequently Asked Questions
What is the total area leased by Renewsys India near Mumbai?
Renewsys India has leased over 65,000 square meters of industrial space near Mumbai.
What is the total monthly rent for the leased units?
The total monthly rent for all three units is Rs. 10.48 million.
What are the sizes of the three leased units?
The sizes of the three leased units are 12,300 square meters, 20,700 square meters, and 18,000 square meters, respectively.
Why did Renewsys India choose to lease space near Mumbai?
Renewsys India chose to lease space near Mumbai due to its strategic location, well-developed infrastructure, and access to a skilled workforce, which will facilitate efficient operations and quick market response.
What impact will this expansion have on the renewable energy sector in India?
This expansion will help Renewsys India meet the growing demand for solar panels, create job opportunities, and contribute to the overall development of the renewable energy sector in India.
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