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Roofsol Energy Secures Rs210 Cr from Aseem Infra for 92.66 MWp Rooftop & Group Captive Solar Projects

Maharashtra-based EPC firm Roofsol Energy has raised Rs210 crore from Aseem Infrastructure Finance to develop 92.66 MWp of rooftop and group captive solar projects across India. This follows its earlier Rs25.5 crore equity round in October 2024, led by Equity4life IH Analytics and high net-worth individuals, aimed at expanding its OpEx-driven deployment strategy.

India’s 2025 Solar Market Leaderboard, Roofsol Energy ranked second among rooftop solar installers in 2024, capturing 4% of the market and achieving an impressive 82.3% YoY growth. The company primarily serves industrial clients in sectors like auto components, textiles, pharma, and F&B. Director Anurag Chivilkar emphasized that beyond cost savings, ESG mandates from investors are significantly driving adoption in the C&I segment.

Aseem Infrastructure has also extended Rs416 crore in long-term debt to Sunsure Energy for a 150 MW open access solar park in Solapur, Maharashtra, and Rs315 crore to Avaada Energy for a captive solar project in Karnataka.

These investments reflect strong momentum in India’s solar sector. Rooftop solar installations reached 3.2 GW in 2024, up 86% from 1.7 GW in 2023, driven by the PM Surya Ghar initiative. However, Q4 faced slowdowns due to delays in DCR module compliance and portal issues. Open access solar also grew robustly, with 6.9 GW added in 2024—a 77% jump—boosted by the import of cost-effective Chinese modules prior to the reimposition of ALMM norms in April 2024.