Major Players in the C&I Solar Space in India
In recent years, the commercial and industrial (C&I) solar sector in India has seen significant growth, with several major players emerging in the market. These players are involved in the development, financing, and operation of solar projects, and are driving the transition towards a more sustainable energy future. In this article, we will discuss some of the major players in the C&I solar space in India and their recent equity investments.
CleanMax Solar is one of the leading players in the C&I solar sector in India, having raised over USD 222 million in equity funding from Augment Infrastructure in August 2021. The company provides end-to-end solar solutions for commercial and industrial customers, including project development, financing, and operations.
Amp Energy is another major player in the C&I solar space, having raised USD 100 million in equity funding from Danish renewable energy-focused fund manager, Copenhagen Investment Partners in July 2021. The company develops, constructs, and operates renewable energy projects, including solar and wind, across India and other markets.
Fourth Partner Energy is a leading renewable energy company that focuses on the development and operation of solar projects for commercial and industrial customers. The company has raised USD 100 million in equity funding from Norfund, a Norwegian Investment Fund for developing countries, and USD 25 million from TGP’s RISE Fund, a U.S.-based investment fund for sustainable development in June 2021.
Freyr Energy is a solar energy company that provides end-to-end solutions for residential, commercial, and industrial customers. The company raised USD 2.3 million in equity funding from Total Carbon Neutrality Ventures (VC arm of Total Energies), Schneider Electric Energy Access Asia (subsidiary of Schneider Electric), and C4D Partners (investment firm based in Netherlands) in April 2021.
ZunRoof is a technology-driven solar rooftop company that provides end-to-end solar solutions for residential, commercial, and industrial customers. The company has raised equity funding from various investors, including Godrej Properties, a major Indian conglomerate, and Intellecap impact investment network, among others.
CleanMax Solar, Cleantech Solar, and Orb Energy are some of the other major players in the C&I solar space in India, having raised significant equity investments from various investors over the years. These companies are driving the growth of the solar industry in India, promoting sustainable energy solutions, and contributing to India’s climate goals.
C&I solar sector in India is witnessing significant growth, with major players emerging in the market. These players are driving the transition towards sustainable energy solutions and are helping India achieve its climate goals. With more investments pouring into the sector, the future of solar energy in India looks bright.