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
Technology

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Next Story
Infrastructure Transport

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Next Story
Real Estate

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?