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

2024-11-19

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)