Aeon Renewable Energy Solution, a newly-launched solar energy firm of Chennai-based Madurai Appu Chain of restaurants, plans to invest Rs 250 crore over the next three years on setting up 25 megawatt (Mw) of solar power generation capacity in Tamil Nadu. The company is planning to establish its presence in the retail solar power generation solutions for domestic and industry for captive use.
The Madurai Appu Restaurant Group, which has been operational for almost 12 years now, has entered the solar energy industry at a time when the potential of the sector has increased with the government announcing the Tamil Nadu Solar Energy Policy 2012, envisaging the generation of around 3,000 Mw from solar energy in three years.