Solis leads India rooftop solar inverter market for fifth year
Author: PPD Team Date: February 5, 2026
Author: PPD Team Date: February 5, 2026
Solis has ranked first by market share in India’s rooftop solar inverter segment for the fifth consecutive year, according to an industry report.
The CRISIL–Bridge to India Rooftop Map shows that Solis accounted for 25% of total inverter deployments in India’s rooftop solar market. The sector added 7,117 MW of capacity in the year ended June 2025. The report attributes Solis’s position to its wide product range, established after sales service network, and close engagement with installers and engineering, procurement and construction partners.
India’s rooftop solar market has expanded on the back of lower equipment costs, better access to financing, and policy support, including the PM Surya Ghar scheme. Solis entered the Indian market early and crossed 6 GW of cumulative shipments in India in 2024. The company is nearing a shipment milestone of 10 GW in the country.
At the global level, the Ningbo, China headquartered manufacturer crossed 100 GW of total inverter shipments in 2024. Europe and India remain among its key markets.
The featured photograph is for representation only.
Author: PPD Team Date: October 28, 2024 Engie North America has entered into a power purchase agreement (PPA) with Google to supply renewable energy from its 200 MW Chillingham solar project in Bell County, Texas. This 90 MW PPA will support Google’s 24/7 carbon-free energy goal by powering its Texas operations with clean energy. The agreement, facilitated by LevelTen Energy’s LEAP program, aims to streamline clean energy PPA sourcing for corporate buyers like Google. Expected…
Author: PPD Team Date: January 28, 2026 Indian Oil Corporation Ltd. (IOC) has outlined plans to invest around Rs 1 lakh crore to build an 18 GW green energy portfolio by 2030. The state-owned refiner aims to acquire up to 12 GW of renewable energy capacity and develop another 6 GW organically. Its green energy subsidiary, Terra Clean Ltd., is targeted for a public listing by 2027-28. According to statements by IOC Chairman A S…
Author: PPD Team Date: January 9, 2025 CG Power and Industrial Solutions Limited has secured a Rs 583 million contract from Power Grid Corporation of India Limited (PGCIL). The contract covers the supply of 400kV Shunt Reactors, including 2X125MVAR, 2X80MVAR, and 2X50MVAR reactors, under the Bulk Procurement of 765kV and 400kV class transformers and reactors. Other bidders included Bharat Heavy Electricals Limited and GE T&D India Limited.
Author: PPD Team Date: October 15, 2024 Gautam Solar plans to increase its solar module manufacturing capacity to 5 GW by 2025, with the first phase of expansion to be completed in November 2024, followed by phases in January and April 2025. The Rs 100 billion project will be funded through an IPO, expected in the next 12-18 months. The IPO will also support the construction of a 2-GW solar cell plant. Gautam Solar’s contribution…
Author: PPD Team Date: August 7, 2025 Adani Power Limited has secured a Letter of Intent from Bihar State Power Generation Company Limited to develop a 2,400 MW coal-based power project in Bhagalpur. The planned facility will feature three 800 MW ultra-supercritical units. It will be implemented under the Design, Build, Finance, Own, and Operate model. The first unit is targeted for commissioning within 48 months, with the second and third units scheduled for completion…
Author: PPD Team Date: September 11, 2025 ACME Venus Urja Private Limited, a subsidiary of ACME Solar Holdings Limited, has arranged long-term financing of Rs 3,892 crore from State Bank of India for a 400 MW firm and dispatchable renewable energy project in Barmer, Rajasthan. The loan will be repaid over 19 years. The project marks ACME’s largest financing support from SBI and also represents the bank’s first funding for ACME’s FDRE portfolio. The plant…