Prozeal Green, Tata Power, India's Top Solar EPC Providers in 1H 2023
POWER & RENEWABLE ENERGY

Prozeal Green, Tata Power, India's Top Solar EPC Providers in 1H 2023

In the first half of 2023, Prozeal Green Energy, Tata Power Solar, Vikram Solar, Waaree Renewable Technologies, and Opera Energy emerged as the leading utility-scale solar engineering, procurement, and construction (EPC) service providers, as per the India Solar Market Leaderboard 1H 2023 released by Mercom.

Prozeal Green Energy secured the top position with a market share of 12.4%, followed by Tata Power Solar and Vikram Solar with 9.1% and 5.3%, respectively. Waaree Renewable Technologies and Opera Energy held market shares of 5.3% and 3.6%, respectively.

The first half of the year witnessed significant changes in market shares compared to the previous year. Prozeal Green Energy, which was ranked tenth in 1H 2022, climbed to the top spot in 1H 2023. Vikram Solar, primarily known as a module manufacturer, also entered the top five list in 1H 2023, while Waaree Renewable Technologies, a subsidiary of Waaree Energies, rose to the fourth position.

Operational Highlights of Top Companies in 1H 2023:

? Prozeal Green Energy secured an EPC contract for 131 MW of solar projects from the Gujarat State Electricity Corporation.

? Tata Power Solar executed major EPC projects, including a 300 MW project for Brookfield Renewables, a 300 MW project at the Dholera Solar Park, a 320 MW solar project for NTPC, and a 70 MW floating solar project. Additionally, Tata Power Solar was awarded a 225 MW wind-solar project development contract.

? Vikram Solar successfully commissioned its 150 MW Nokhra solar project during this period.

Mercom's report provides comprehensive coverage of India's solar industry leaders, offering accurate market shares and rankings across the solar supply chain in the country.

In the first half of 2023, Prozeal Green Energy, Tata Power Solar, Vikram Solar, Waaree Renewable Technologies, and Opera Energy emerged as the leading utility-scale solar engineering, procurement, and construction (EPC) service providers, as per the India Solar Market Leaderboard 1H 2023 released by Mercom. Prozeal Green Energy secured the top position with a market share of 12.4%, followed by Tata Power Solar and Vikram Solar with 9.1% and 5.3%, respectively. Waaree Renewable Technologies and Opera Energy held market shares of 5.3% and 3.6%, respectively. The first half of the year witnessed significant changes in market shares compared to the previous year. Prozeal Green Energy, which was ranked tenth in 1H 2022, climbed to the top spot in 1H 2023. Vikram Solar, primarily known as a module manufacturer, also entered the top five list in 1H 2023, while Waaree Renewable Technologies, a subsidiary of Waaree Energies, rose to the fourth position. Operational Highlights of Top Companies in 1H 2023: ? Prozeal Green Energy secured an EPC contract for 131 MW of solar projects from the Gujarat State Electricity Corporation. ? Tata Power Solar executed major EPC projects, including a 300 MW project for Brookfield Renewables, a 300 MW project at the Dholera Solar Park, a 320 MW solar project for NTPC, and a 70 MW floating solar project. Additionally, Tata Power Solar was awarded a 225 MW wind-solar project development contract. ? Vikram Solar successfully commissioned its 150 MW Nokhra solar project during this period. Mercom's report provides comprehensive coverage of India's solar industry leaders, offering accurate market shares and rankings across the solar supply chain in the country.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?