Tata Solar, Roofsol, and Havells lead rooftop solar market in 1H 2024
POWER & RENEWABLE ENERGY

Tata Solar, Roofsol, and Havells lead rooftop solar market in 1H 2024

Tata Power Solar, Roofsol Energy, and Havells India emerged as the top rooftop solar installers in India during the first half of 2024, according to Mercom India’s Solar Market Leaderboard for 1H 2024. Kalpa Power and Mahindra Solarize rounded out the top five players, reflecting a competitive and dynamic solar market.

India added 1.1 GW of rooftop solar capacity in 1H 2024, with the top five companies contributing 46.9% of these installations. Tata Power Solar maintained its leadership position, accounting for 29.2% of the new capacity additions. By June 2024, its cumulative rooftop solar capacity reached 2.5 GW across residential, commercial, and industrial segments. The company partnered with over 20 financial institutions, including Indian Bank and Union Bank, to offer tailored financing solutions to residential and C&I consumers.

Roofsol Energy secured second place, contributing 5.8% of the capacity additions. Its cumulative rooftop solar capacity was 343 MW as of June 2024, supported by over 300 projects and 200 clients nationwide.

Havells India ranked third, with 5.2% of capacity additions in 1H 2024 and a cumulative installed capacity of 203 MW by mid-year.

Kalpa Power and Mahindra Solarize took fourth and fifth positions, contributing 3.4% and 3.3%, respectively, to the total rooftop solar capacity added in 1H 2024. Their cumulative installed capacities reached 144 MW and 289 MW as of June 2024. (Mercom)

Tata Power Solar, Roofsol Energy, and Havells India emerged as the top rooftop solar installers in India during the first half of 2024, according to Mercom India’s Solar Market Leaderboard for 1H 2024. Kalpa Power and Mahindra Solarize rounded out the top five players, reflecting a competitive and dynamic solar market. India added 1.1 GW of rooftop solar capacity in 1H 2024, with the top five companies contributing 46.9% of these installations. Tata Power Solar maintained its leadership position, accounting for 29.2% of the new capacity additions. By June 2024, its cumulative rooftop solar capacity reached 2.5 GW across residential, commercial, and industrial segments. The company partnered with over 20 financial institutions, including Indian Bank and Union Bank, to offer tailored financing solutions to residential and C&I consumers. Roofsol Energy secured second place, contributing 5.8% of the capacity additions. Its cumulative rooftop solar capacity was 343 MW as of June 2024, supported by over 300 projects and 200 clients nationwide. Havells India ranked third, with 5.2% of capacity additions in 1H 2024 and a cumulative installed capacity of 203 MW by mid-year. Kalpa Power and Mahindra Solarize took fourth and fifth positions, contributing 3.4% and 3.3%, respectively, to the total rooftop solar capacity added in 1H 2024. Their cumulative installed capacities reached 144 MW and 289 MW as of June 2024. (Mercom)

Next Story
Infrastructure Urban

Paras Defence Subsidiary Wins Rs 460 Mn Anti-Drone Order

Paras Defence and Space Technologies (PDST) saw its shares rise 1.5 per cent to Rs 701 after its subsidiary, Paras Anti-Drone Technologies, secured a defence contract from the Ministry of Defence, Government of India, valued at approximately Rs 460.19 million.The order covers the supply of Anti-Drone Systems, including Drone Jammers, marking a significant milestone for Paras Anti-Drone in India’s growing counter-UAV segment. The contract is scheduled for execution by March 2026. According to official filings, the award is from a domestic entity, not a related party transaction, and no promot..

Next Story
Building Material

Jindal Stainless Launches First Stainless Steel Fabrication Unit in Mumbai

Jindal Stainless, India’s largest stainless steel manufacturer, through its subsidiary Jindal Stainless Steelway (JSSL), has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. The 4 lakh sq ft facility is designed to serve the bridge sector, fabricating critical components such as girders, arches, nuts, bolts, and handles. The unit was inaugurated by CEO & CFO Tarun Khulbe in the presence of senior leadership.Developed with an initial investment of Rs 1.25 billion, the facility strengthens Jindal Stainless’ position as a provider of end-to-end fabr..

Next Story
Infrastructure Energy

Hero Future Energies Secures Rs 19.08 Bn for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19,080 million in funding from State Bank of India (lead) and Canara Bank for the development of its 120 MW renewable energy (RE) hybrid project in Kurnool, Andhra Pradesh.The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power. The funding, structured with a 21-year repayment tenure, will support timely project execution and the commencement of commercial operations.This financial closure underscores the banking community’s confidence in ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?