Satheesh Kumar
Managing Director
According to the Ministry of New and Renewable Energy (MNRE), the country has also witnessed a major surge in clean renewable energy in the last decade, from 76.38 gigawatts (GW) in 2014 to 203.1 gigawatts in 2024. Despite these developments and the burgeoning number of service providers, the sector witness gaps due to the high cost of generation, land acquisition, and environmental concerns.
Based out of Chennai, Tamil Nadu, Foster Energy is an EPC company that was established to advance the renewable energy sector. It offers comprehensive services for renewable energy projects and specializes in project development and execution by transforming potential sites into fully operational power plants.
The development phase starts with identifying and assessing the potential wind/solar sites including detailed feasibility analyses that address land availability, land usage, and potential constraints such as government regulations, environmental concerns regarding bird migration, and proximity to water catchment areas.
“We conduct renewable energy feasibility study which is a process of assessing the technical, economic, social, and environmental aspects of a potential renewable energy project. It can help customers to identify the best options, estimate the costs and benefits, and plan for the implementation and operation of the project”, informs Satheesh Kumar, Managing Director, Foster Energy. The feasibility study for the proposed renewable energy project helps to understand the extent and nature of the risks, costs, financial returns, and environmental benefits.
After the successful assessment of sites, Foster Energy obtains necessary permits and approvals and procures the land for development. The execution phase follows, encompassing comprehensive project planning, management, and the construction of all balance-of-plant (BOP) activities. These activities include civil, electrical, and
mechanical installations necessary to bring the wind or solar project to full commissioning.
Sustainability & Client-Centric Solutions
What differentiates Foster Energy from other competitors in the market is its commitment to sustainability and a customer-centric approach as evidenced by ISO 9001, 14001, and 45001 certifications. It works relentlessly on reducing the cost of energy (COE) for its clients so that the Independent Power Producers (IPP) can achieve profitable returns on their investments.
The firm maintains transparent communication with its clients by providing regular updates on projects and risk mitigation plans. It has a team of expert project managers and customer service executives who provide tailored solutions to clients’ concerns. Although cost effectiveness is a priority, the firm never compromises on quality and safety.
Another major concern that the firm addresses and integrates is sustain-ability. It adheres to strict environmental practices such as zero carbon emission, the use of sustainable materials, and a comprehensive waste management system through water disposal and recycling while adhering to government regulations.
Why Foster Energy
A pioneer in the field of renewable energy, Foster Energy is renowned for its track record of successfully completing wind and solar projects. At every stage, the company puts quality, safety, and customer satisfaction first, all while maintaining an unwavering commitment to excellence.
With a deep-seated passion for sustainability, it seeks to lessen its impact on the environment by implementing innovative solutions that make use of state-of-the-art technology. This method guarantees that customers receive cutting-edge energy solutions that are customized for peak performance.
Foster Energy is known for its dependability and affordability while maintaining competitive pricing without compromising quality. The company’s projects are carried out effectively and dependably, allowing for successful operations and smooth energy generation. It firmly establishes itself as a reliable partner in renewable energy solutions by offering long-term support with continuous maintenance and monitoring to ensure sustained performance and customer peace of mind after the project is completed.
The Robust Way Ahead
Foster Energy undertakes renewable energy projects by the way of full scope of services or the scope can be split into multiple contracts, and it has made significant strides in the renewable energy sector with the completion of more than 400 megawatts (MW) of projects. Foster Energy, an EPC company, has sets ambitious growth plans aiming for an order intake of ₹1000 crores by 2027.
In the future, the firm aims to incorporate green hydrogen, electric vehicles (EV), and solar pump projects. In addition to this, the firm is also working towards integrating artificial intelligence (AI) and automation to enhance project management and control environmental impact.
“We are working on replacing manual methods of land assessment with drone surveys and including AI driven performance analysis of turbines and solar panels to enable comprehensive monitoring and data-driven optimization. Keeping in line with the national goals for 2030, we aim to make a huge contribution to India’s growth in the renewable energy sector in the future”, concludes Satheesh.
Sustainability & Client-Centric Solutions
What differentiates Foster Energy from other competitors in the market is its commitment to sustainability and a customer-centric approach as evidenced by ISO 9001, 14001, and 45001 certifications. It works relentlessly on reducing the cost of energy (COE) for its clients so that the Independent Power Producers (IPP) can achieve profitable returns on their investments.
The firm maintains transparent communication with its clients by providing regular updates on projects and risk mitigation plans. It has a team of expert project managers and customer service executives who provide tailored solutions to clients’ concerns. Although cost effectiveness is a priority, the firm never compromises on quality and safety.
We believe in delivering cost-effective, innovative solutions tailored to our clients’ needs while upholding the highest standards of quality & safety
Another major concern that the firm addresses and integrates is sustain-ability. It adheres to strict environmental practices such as zero carbon emission, the use of sustainable materials, and a comprehensive waste management system through water disposal and recycling while adhering to government regulations.
Why Foster Energy
A pioneer in the field of renewable energy, Foster Energy is renowned for its track record of successfully completing wind and solar projects. At every stage, the company puts quality, safety, and customer satisfaction first, all while maintaining an unwavering commitment to excellence.
With a deep-seated passion for sustainability, it seeks to lessen its impact on the environment by implementing innovative solutions that make use of state-of-the-art technology. This method guarantees that customers receive cutting-edge energy solutions that are customized for peak performance.
Foster Energy is known for its dependability and affordability while maintaining competitive pricing without compromising quality. The company’s projects are carried out effectively and dependably, allowing for successful operations and smooth energy generation. It firmly establishes itself as a reliable partner in renewable energy solutions by offering long-term support with continuous maintenance and monitoring to ensure sustained performance and customer peace of mind after the project is completed.
The Robust Way Ahead
Foster Energy undertakes renewable energy projects by the way of full scope of services or the scope can be split into multiple contracts, and it has made significant strides in the renewable energy sector with the completion of more than 400 megawatts (MW) of projects. Foster Energy, an EPC company, has sets ambitious growth plans aiming for an order intake of ₹1000 crores by 2027.
In the future, the firm aims to incorporate green hydrogen, electric vehicles (EV), and solar pump projects. In addition to this, the firm is also working towards integrating artificial intelligence (AI) and automation to enhance project management and control environmental impact.
“We are working on replacing manual methods of land assessment with drone surveys and including AI driven performance analysis of turbines and solar panels to enable comprehensive monitoring and data-driven optimization. Keeping in line with the national goals for 2030, we aim to make a huge contribution to India’s growth in the renewable energy sector in the future”, concludes Satheesh.
