India ranks fourth in total renewable power capacity additions as it works toward its goal of generating half its electricity from non-fossil fuel sources by 2030. To achieve a green energy future, Indian companies are developing alternatives like solar, wind, green hydrogen, biomass and hydropower. In the list below, we take a closer look at the top renewable energy companies in Mumbai.
Renewable Energy Companies in Mumbai
- Tata Renewable Energy
- Maxwell Energy
- SolarSquare
- Oorjan Cleantech
- Avaada Group
5 Renewable Energy Companies in Mumbai to Know
Tata Power, a subsidiary of Mumbai-based Tata Group, has the ability to generate 7,800 megawatts of electricity across its renewable energy portfolio, which includes 3,136 megawatts of solar capacity, 982 megawatts of wind capacity and 880 megawatts of hydropower capacity. It has also installed nearly 5,000 EV charging stations throughout the country.
Maxwell Energy Systems is a Mumbai company supporting the growth of the electric vehicle (EV) industry with battery management systems that monitor the performance, lifespan and safety of EV batteries. The company, which is a subsidiary of Mumbai startup Ion Energy, was acquired by automotive component company Endurance Systems in 2022.
SolarSquare is a Mumbai-based solar energy company that has installed rooftop solar systems for more than 10,000 homes, 100 apartment complexes and 200 commercial buildings. Founded in 2015, the company has raised venture capital to scale its business to more than 400 employees.
Oorjan is working to make it easier to adopt solar power systems. In addition to installing solar grids for homes, apartments and commercial customers, the Mumbai startup has also developed technology to generate cost estimates, design options and financing rates for customers. It also offers a remote monitoring system to calculate energy and cost savings.
Avaada Group offers a comprehensive portfolio of renewable energy products, including solar module manufacturing, green hydrogen, green ammonia, sustainable aviation fuel and electrolyser manufacturing. The Mumbai-based company has installed 5 gigawatts of renewable energy as of 2023, and it aims to reach 30 gigawatts of energy capacity by 2030.
