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 Power
- Maxwell Energy
- SolarSquare
- Oorjan Cleantech
- Avaada Group
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.
SOLRUF is a Mumbai-founded solar installation and maintenance company. Its platform facilitates customers’ buying process by providing cost calculators and financing solutions. Additionally, it provides ample resources to help individuals find the products and services that fit their needs.
Maini Renewables is developing a proprietary generator to harness hydropower. The startup is working on a 15kW turbine that can be installed in rivers and irrigation canals to generate electricity and power homes. According to Maini Renewables, a single turbine can reduce 94 tonnes of carbon dioxide emissions.
Hinduja Renewables is an independent renewable energy producer that operates over 30 solar plants. The company works with large commercial and industrial clients and provides rooftop and open-access solar solutions. According to Hinduja Renewables, its various plants produce over 270 MW of electricity and currently has several large-scale projects in production.
GSE Renewables is a consulting and financial services company in the greentech sector. It works to advise clients on constructing solar, wind and bio-gas projects and provides financing solutions for large constructions. On the solar front, GSE Renewables can install solar and ground-level solutions.
CTRL+Z is a Mumbai startup developing a novel system to reduce CO2 emissions. The company uses graphene filters to remove contaminants in wastewater streams. CTRL+Z also sells carbon credits through its website, which can help other companies offset their greenhouse gas emissions.
