Parex Pharmaceuticals Powers a Sustainable Future with 50 kW Solar Installation by Ekam Energy
In a strategic move toward sustainability and cost optimization, Parex Pharmaceuticals Pvt. Ltd., a reputed pharmaceutical manufacturer in Mohali, has partnered with Ekam Energy to install a 50 kW rooftop solar power system at its facility. Ekam Energy, an award-winning EPC company and Channel Partner of Tata Power Solar—India’s No. 1 solar brand—delivered this turnkey project using top-quality solar components and industry-best practices.
This green initiative strengthens Parex Pharmaceuticals’ commitment to environmentally responsible operations and long-term energy efficiency.
☀️ Project Highlights
- Client: Parex Pharmaceuticals Pvt. Ltd.
- Location: Mohali, Punjab
- System Size: 50 kW Rooftop Solar
- Technology Provider: Tata Power Solar
- EPC Partner: Ekam Energy
- Estimated Annual Generation: ~65,000–70,000 units
The system is now generating clean, renewable power daily, helping the facility reduce both operational costs and environmental impact.
💡 Key Benefits of the 50 kW Solar Installation
✅ 1. Significant Savings on Electricity Bills
Pharmaceutical production and storage demand consistent power for HVAC systems, lab equipment, and cleanroom environments. The 50 kW solar system is expected to generate over 65,000 units of electricity annually, directly offsetting grid power and reducing energy bills by 30–40%.
This translates to lakhs of rupees saved over the system’s lifetime, boosting bottom-line profitability.
✅ 2. Upto 80% Accelerated Depreciation – Faster ROI
Parex Pharmaceuticals can benefit from Accelerated Depreciation as per Section 32 of the Income Tax Act, which allows:
- 40% depreciation in Year 1
- 40% depreciation in Year 2
This results in 80% depreciation within two years, significantly reducing taxable income and offering a rapid return on investment, typically within 3–4 years.
✅ 3. Carbon Footprint Reduction – A Greener Operation
By adopting solar energy, Parex Pharmaceuticals will offset nearly 65 tons of CO₂ emissions annually, equivalent to planting over 1,000 trees every year.
This move aligns with global sustainability goals and strengthens the company’s Environmental, Social, and Governance (ESG) profile—an increasingly important factor in global supply chains.
✅ 4. Improved Global Competitiveness
As international clients and regulators demand cleaner production practices, solar adoption gives Parex Pharmaceuticals a competitive edge in both domestic and export markets. It reinforces the brand’s commitment to clean, responsible manufacturing, which is critical in the pharmaceutical and healthcare sectors.
✅ 5. Low Maintenance, Long-Term Benefits
Ekam Energy’s installation uses premium Tata Power Solar modules and robust inverters for long-term reliability. With minimal maintenance needs and a performance life of over 25 years, the solar system offers energy security and stable savings year after year.
🔧 Why Choose Ekam Energy?
Ekam Energy is trusted by industries across North India for its:
- Proven expertise in industrial solar EPC
- End-to-end project execution
- Partnership with Tata Power Solar
- Focus on high ROI and long-term value
- Prompt after-sales service and system monitoring
🔋 Setting a Benchmark in the Pharma Sector
Parex Pharmaceuticals’ transition to solar energy sets an example for other pharmaceutical and manufacturing units looking to:
- Cut operational costs
- Lower carbon emissions
- Gain tax benefits
- Improve sustainability credentials
🌞 Power Your Growth with Ekam Energy
Solar energy is more than just a sustainability initiative—it’s a smart business investment. Let Ekam Energy help your business unlock the benefits of clean, cost-effective power, just like Parex Pharmaceuticals did.
📞 Contact us today for a free solar consultation and start your journey to energy independence.
Ekam Energy – Powering Industries. Protecting the Planet.
