☀️ Project Snapshot

• Client: Ovation Remedies
• Location: Kala-Amb, Distt. Sirmaur, Himachal Pradesh
• Installed Capacity: 150 kW
• System Type: Rooftop Grid-Tied Solar PV
• EPC Partner: Ekam Energy
• Technology Provider: Tata Power Solar
• Estimated Annual Energy Generation: ~2 lakh units

The 150 kW solar system is now powering a significant portion of the facility’s operations with clean, renewable energy—helping reduce both costs and carbon emissions.

⚡ Key Benefits of Solar Power for Ovation Remedies

✅ 1. Substantial Reduction in Electricity Bills

The pharmaceutical industry consumes a large amount of energy for running HVAC systems, clean rooms, automated machinery, and quality control labs. The solar installation at Ovation Remedies is expected to generate approximately 2 lakh units annually, resulting in a notable decrease in monthly electricity expenses.

Over 25 years, this translates into tens of lakhs saved, allowing Ovation Remedies to reinvest those savings into innovation and infrastructure.

✅ 2. Upto 80% Accelerated Depreciation for Maximum Tax Advantage

One of the most attractive financial benefits for businesses investing in solar is the Accelerated Depreciation benefit under Section 32 of the Income Tax Act. Ovation Remedies can claim:

• 40% depreciation in the first year
• 40% in the second year

This 80% depreciation in two years significantly reduces taxable income, effectively boosting ROI and shortening the payback period to just 3–4 years.

✅ 3. Carbon Footprint Reduction – A Cleaner, Greener Operation

The solar system will offset approximately 200 metric tons of CO₂ emissions annually, which is equivalent to planting nearly 3,300 trees every year.

This substantial reduction in carbon footprint strengthens Ovation Remedies’ environmental stewardship and positions the company as a sustainability leader in the pharmaceutical sector—an important consideration for export markets and ESG-driven clients.

✅ 4. Improved Global Reputation and Market Competitiveness

In today’s global supply chains, sustainability matters. With increasing scrutiny from international clients and regulatory bodies, solar adoption gives Ovation Remedies:

• A strong ESG profile

• Enhanced brand credibility

• Eligibility for green certifications and incentives

• Greater appeal to environmentally conscious customers

✅ 5. Long-Term Energy Security with Minimal Maintenance

With premium-grade Tata Power Solar modules and Ekam Energy’s expert engineering, the system offers over 25 years of clean power with minimal maintenance. Real-time monitoring ensures high uptime, stable output, and peace of mind.