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Top 10 Green Energy Startups in India

India’s startup ecosystem is rapidly embracing green energy solutions to address environmental concerns and cater to the growing demand for sustainable energy. These startups are pioneering innovative technologies and business models to harness renewable energy sources, promote energy efficiency, and reduce carbon footprints. Below, we delve into the top 10 green energy startups in India, exploring their unique offerings, growth trajectories, and impact on the industry.


1. ReNew Power

Description:

Founded in 2011, ReNew Power is one of India’s largest renewable energy companies. It develops, builds, and operates utility-scale wind and solar energy projects.

Key Features:

  • Renewable Energy: Focus on wind and solar energy generation.
  • Large-scale Projects: Operates utility-scale projects across India.
  • Sustainability: Committed to reducing carbon emissions and promoting green energy.

Detailed Table:

AspectDetails
FounderSumant Sinha
Founded Year2011
HeadquartersGurugram
Energy SourcesWind, Solar
Installed Capacity10 GW+
Funding$3 billion+
Notable InvestorsGoldman Sachs, CPPIB, ADIA
Revenue ModelPower Purchase Agreements (PPAs)
Unique Selling PointScale of operations and diverse renewable portfolio

Summary:

ReNew Power’s extensive renewable energy projects and commitment to sustainability have established it as a leader in India’s green energy sector.


2. CleanMax Solar

Description:

Founded in 2011, CleanMax Solar is a leading provider of solar energy solutions for commercial and industrial customers in India.

Key Features:

  • Commercial Focus: Specializes in solar solutions for businesses.
  • On-site Projects: Develops rooftop and ground-mounted solar projects.
  • Energy-as-a-Service: Offers flexible financing and service models.

Detailed Table:

AspectDetails
FounderKuldeep Jain
Founded Year2011
HeadquartersMumbai
Energy SourcesSolar
Installed Capacity600 MW+
Funding$200 million+
Notable InvestorsWarburg Pincus, UK Climate Investments
Revenue ModelEnergy-as-a-Service, PPAs
Unique Selling PointTailored solar solutions for businesses

Summary:

CleanMax Solar’s focus on providing cost-effective and sustainable solar energy solutions to businesses has made it a preferred choice for commercial solar projects in India.


3. Hero Future Energies

Description:

Hero Future Energies, founded in 2012, is part of the Hero Group and focuses on wind, solar, and hybrid renewable energy projects.

Key Features:

  • Diversified Portfolio: Invests in wind, solar, and hybrid projects.
  • Sustainability Goals: Committed to reducing environmental impact.
  • Global Presence: Expanding operations beyond India.

Detailed Table:

AspectDetails
FounderRahul Munjal
Founded Year2012
HeadquartersNew Delhi
Energy SourcesWind, Solar, Hybrid
Installed Capacity1.5 GW+
Funding$300 million+
Notable InvestorsMasdar, IFC, IFC Asset Management Company
Revenue ModelPPAs, Energy Trading
Unique Selling PointDiverse renewable energy projects

Summary:

Hero Future Energies’ commitment to sustainability and its diversified portfolio have positioned it as a key player in India’s renewable energy landscape.


4. Azure Power

Description:

Founded in 2008, Azure Power is a leading independent solar power producer with a strong focus on utility-scale and commercial solar projects.

Key Features:

  • Utility-Scale Projects: Develops large-scale solar power plants.
  • Innovation: Pioneering in solar power technology and implementation.
  • Long-Term PPAs: Secures long-term power purchase agreements.

Detailed Table:

AspectDetails
FounderInderpreet Wadhwa
Founded Year2008
HeadquartersNew Delhi
Energy SourcesSolar
Installed Capacity2 GW+
Funding$400 million+
Notable InvestorsCDPQ, IFC, Helion Ventures
Revenue ModelPPAs
Unique Selling PointLeadership in utility-scale solar projects

Summary:

Azure Power’s expertise in large-scale solar projects and its focus on innovation have established it as a leader in India’s solar energy sector.


5. Amplus Solar

Description:

Amplus Solar, founded in 2013, provides distributed solar energy solutions for industrial and commercial customers, focusing on rooftop and ground-mounted solar projects.

Key Features:

  • Distributed Solar: Specializes in decentralized solar installations.
  • Flexibility: Offers various financing models including RESCO and CAPEX.
  • Customer Focus: Tailored solutions for diverse industries.

Detailed Table:

AspectDetails
FounderSanjeev Aggarwal
Founded Year2013
HeadquartersGurugram
Energy SourcesSolar
Installed Capacity600 MW+
FundingAcquired by Petronas
Notable InvestorsI Squared Capital
Revenue ModelPPAs, Leasing
Unique Selling PointDecentralized solar solutions for businesses

Summary:

Amplus Solar’s distributed solar energy solutions and flexible financing options have made it a popular choice for commercial and industrial customers in India.


6. Oorjan Cleantech

Description:

Founded in 2014, Oorjan Cleantech offers solar energy solutions for residential, commercial, and industrial customers, focusing on rooftop solar installations.

Key Features:

  • Rooftop Solar: Specializes in rooftop solar projects.
  • Technology Integration: Uses advanced technology for efficient installations.
  • End-to-End Service: Provides complete project management from design to maintenance.

Detailed Table:

AspectDetails
FoundersGautam Das, Piyush Mathur
Founded Year2014
HeadquartersMumbai
Energy SourcesSolar
Installed Capacity100 MW+
Funding$10 million+
Notable InvestorsGlobevestor, Z Nation Lab
Revenue ModelPPAs, Leasing
Unique Selling PointInnovative and efficient rooftop solar solutions

Summary:

Oorjan Cleantech’s focus on rooftop solar installations and its use of advanced technology have made it a key player in the residential and commercial solar market in India.


7. Fourth Partner Energy

Description:

Fourth Partner Energy, founded in 2010, is a leading solar energy company specializing in distributed solar solutions for commercial and industrial customers.

Key Features:

  • Distributed Energy: Provides decentralized solar power solutions.
  • Comprehensive Services: Offers end-to-end services from design to maintenance.
  • Sustainability: Committed to promoting sustainable energy practices.

Detailed Table:

AspectDetails
FoundersVivek Subramanian, Saif Dhorajiwala, Vikas Saluguti
Founded Year2010
HeadquartersHyderabad
Energy SourcesSolar
Installed Capacity500 MW+
Funding$125 million+
Notable InvestorsTPG Growth, The Rise Fund
Revenue ModelPPAs, Leasing
Unique Selling PointDecentralized solar solutions for industrial and commercial sectors

Summary:

Fourth Partner Energy’s expertise in distributed solar solutions and its comprehensive service offerings have positioned it as a trusted provider of sustainable energy for businesses in India.


8. Orb Energy

Description:

Founded in 2006, Orb Energy provides solar energy solutions for residential, commercial, and industrial customers, with a focus on affordability and accessibility.

Key Features:

  • Affordability: Offers cost-effective solar solutions.
  • Financing Options: Provides easy financing for solar installations.
  • Wide Reach: Extensive presence in rural and urban areas.

Detailed Table:

AspectDetails
FounderDamian Miller
Founded Year2006
HeadquartersBengaluru
Energy SourcesSolar
Installed Capacity150 MW+
Funding$

20 million+ |
| Notable Investors | FMO, OPIC, Acumen Fund |
| Revenue Model | PPAs, Direct Sales |
| Unique Selling Point | Affordable solar solutions with financing options |

Summary:

Orb Energy’s focus on affordability and accessibility, along with its financing options, have made it a significant player in the Indian solar energy market.


9. Cygni Energy

Description:

Cygni Energy, founded in 2014, specializes in innovative solar-DC technology and energy storage solutions, catering to residential and commercial customers.

Key Features:

  • Solar-DC Technology: Uses direct current (DC) technology for higher efficiency.
  • Energy Storage: Provides integrated energy storage solutions.
  • Innovation: Focuses on cutting-edge technology for sustainable energy.

Detailed Table:

AspectDetails
FounderVenkat Rajaraman
Founded Year2014
HeadquartersHyderabad
Energy SourcesSolar
Installed Capacity50 MW+
Funding$12 million+
Notable InvestorsEndiya Partners, GrowX Ventures
Revenue ModelPPAs, Technology Licensing
Unique Selling PointInnovative solar-DC and energy storage solutions

Summary:

Cygni Energy’s pioneering solar-DC technology and integrated energy storage solutions have made it a leader in innovation within the green energy sector.


10. Husk Power Systems

Description:

Founded in 2008, Husk Power Systems focuses on providing affordable and reliable renewable energy solutions to rural areas through biomass and solar microgrids.

Key Features:

  • Microgrids: Develops biomass and solar microgrid systems.
  • Rural Focus: Targets energy access for rural communities.
  • Sustainability: Promotes sustainable and clean energy practices.

Detailed Table:

AspectDetails
FoundersManoj Sinha, Gyanesh Pandey
Founded Year2008
HeadquartersPatna
Energy SourcesBiomass, Solar
Installed Capacity100 microgrids
Funding$40 million+
Notable InvestorsShell, Swedfund, ENGIE Rassembleurs d’Energies
Revenue ModelEnergy Sales, PPAs
Unique Selling PointSustainable and affordable microgrid solutions for rural areas

Summary:

Husk Power Systems’ innovative microgrid solutions and focus on rural energy access have made it a key player in promoting renewable energy in underserved regions.


FAQs(Top 10 Green Energy Startups in India)

1. What is the primary source of energy for these startups?

Most of these startups focus on solar and wind energy as their primary sources, with some also exploring biomass and hybrid solutions.

2. How do these startups contribute to sustainability?

These startups contribute to sustainability by reducing carbon emissions, promoting renewable energy sources, and providing affordable and reliable energy solutions.

3. What are Power Purchase Agreements (PPAs)?

PPAs are long-term contracts between an energy producer and a consumer, where the consumer agrees to purchase energy at a predetermined rate.

4. What is the role of technology in these startups?

Technology plays a crucial role in enhancing the efficiency, reliability, and scalability of renewable energy solutions offered by these startups.

5. How do these startups impact the rural population?

Many of these startups focus on providing affordable and reliable energy solutions to rural areas, improving energy access and quality of life in these regions.


Conclusion(Top 10 Green Energy Startups in India)

India’s green energy sector is thriving with innovative startups driving the transition towards sustainable and renewable energy sources. These startups are not only contributing to environmental conservation but also addressing the country’s growing energy demands with efficient, scalable, and cost-effective solutions. As they continue to expand and innovate, these green energy pioneers are poised to play a crucial role in shaping India’s sustainable future and fostering a cleaner, greener economy.

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