SolarArise

What SolarArise does

SolarArise is a private Indian solar independent power producer (IPP) that develops, owns, and operates utility-scale ground-mounted solar photovoltaic (PV) power stations. The company was co-founded in 2014 (with project operations commencing in 2016) and is headquartered in Gurugram, Haryana. As of the most recent data, its operational portfolio comprises six projects totaling approximately 221.7 MWDC across four Indian states — Telangana, Maharashtra, Karnataka, and Uttar Pradesh — covering hundreds of acres of previously abandoned, non-arable land.

The core technology is commodity crystalline-silicon solar PV generation; the company does not disclose proprietary hardware, software, or storage components. Project execution spans site selection, land aggregation, EPC oversight, project finance, and long-term O&M. The company operates with a lean 1–10 employee central team (headcount range disclosed), with the bulk of operations likely outsourced through EPC and O&M contractors, including a wholly-owned operating subsidiary, Talettutayi Solar Projects One Private Limited.

SolarArise monetizes electricity generation under long-term Power Purchase Agreements (PPAs) with state-owned electricity utilities and DISCOMs across Telangana, Maharashtra, Karnataka, and Uttar Pradesh. Revenue mechanics are contractually locked, subscription-recurring in nature based on capacity (MW) and dispatched units at PPA-tariff rates, which are negotiated and not publicly disclosed. The go-to-market model is enterprise field sales targeting state governments and DISCOMs to fulfill Renewable Purchase Obligations. In 2025, co-founder Tanya Singhal divested a broader ~500 MWp solar portfolio valued at ₹2,000 crores via sale to a London Stock Exchange-listed InvIT (infrastructure investment trust), representing the most significant capital event in the company's history.

Name

SolarArise

Legal name

SolarArise

Website

https://solararise.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

SolarArise is a private Indian solar independent power producer that develops, owns, and operates utility-scale ground-mounted solar photovoltaic plants across Telangana, Maharashtra, Karnataka, and Uttar Pradesh, selling electricity to state utilities and DISCOMs under long-term power purchase agreements. Operational portfolio: ~221.7 MWDC across six projects.

Ownership category

akta.pro rank

Product category

Utility-Scale Solar Power Generation

NAICS

Solar Electric Power Generation (221114)

SIC

Cogeneration Services & Small Power Producers (4991), Electric Services (4911)

akta.pro primary industry

Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)

akta.pro secondary industry

Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ)

Keywords

• Utility-scale solar power
• Solar power generation
• Photovoltaic power plants
• Renewable energy projects
• Solar project development

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D

Revenue model

1. Solar Power Generation and Sale: SolarArise generates electricity from its solar photovoltaic power plants and sells it to utilities, state electricity boards, and power distribution companies under long-term power purchase agreements (PPAs). This provides stable, recurring revenue based on power generation capacity (MW) contracted.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

SolarArise develops, owns, and operates utility-scale grid-connected solar photovoltaic (PV) power plants across India. The company converts abandoned, non-arable land into productive solar power generation facilities and sells the generated electricity to state electricity distribution companies (DISCOMs) and utilities under long-term power purchase agreements (PPAs). It currently operates six projects across Telangana, Maharashtra, Karnataka, and Uttar Pradesh with combined installed capacity of approximately 221.7 MWDC.

Product overview

SolarArise is a solar energy company that owns and operates large-scale photovoltaic power stations across India. The company operates a portfolio of six solar plants—Telangana I (12 MWDC), Telangana II, Maharashtra I (67.2 MWDC), Karnataka I (40.5 MWDC), Karnataka II (27 MWDC), and Uttar Pradesh I (75 MWDC)—with combined capacity totaling approximately 221.7 MWDC. These ground-mounted solar installations convert abandoned land into clean energy sources, supplying electricity to approximately 276,974 people and achieving annual CO2 reduction of approximately 99,133 tonnes. The company focuses exclusively on utility-scale solar power generation and does not offer consumer products or software services.

Differentiator

Problem solved

Functional benefit

Products and services

• Telangana I Solar Plant A 12 MWDC photovoltaic power station located in Palwai Village, Mahbubnagar District, Telangana, commissioned in June 2016. Covers 40 acres and supplies approximately 18,000 people with energy.
• Telangana II Solar Plant A solar power plant located in Palwai Village, Mahbubnagar District, Telangana, adjacent to the Telangana I project.
• Maharashtra I Solar Plant A 67.2 MWDC photovoltaic power station located in Chatgaon Village, Beed District, Maharashtra, commissioned in August 2017. Covers 306 acres and supplies approximately 126,000 people with energy.
• Karnataka I Solar Plant A 40.5 MWDC photovoltaic power station located in Chikkoppa Village, Koppal District, Karnataka, commissioned on January 5, 2018. Covers 178 acres and supplies approximately 72,000 people with energy.
• Karnataka II Solar Plant A 27 MWDC photovoltaic power station located in Kerehalli Village, Koppal District, Karnataka, with commercial operations starting in Q3 2019. Covers 119.7 acres and supplies approximately 41,988 people with energy.
• Uttar Pradesh I Solar Plant A 75 MWDC photovoltaic power station located in Kheda Village, Budaun District, Uttar Pradesh, commissioned in January 2021. Supplies renewable energy to the grid with annual CO2 reduction of approximately 45,982 tonnes.

Quantifiable outcome

• 99,133 tonnes of CO2 saved annually across all projects
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators5 records

Recent moves6 records

Expansion highlights2 records

Direct peers

• Adani Green Energy: India's largest listed solar and renewable IPP with a multi-gigawatt utility-scale portfolio sold to DISCOMs under long-term PPAs. Directly comparable to SolarArise on customer segment, PPA-based model, and geography, though at materially larger scale.
• ReNew Power: One of India's largest independent renewable power producers with utility-scale solar and wind assets contracted to state DISCOMs. Closely comparable on business model, target customers, and project development scope.
• Tata Power Renewable Energy: Tata Group's solar and wind IPP arm developing utility-scale projects across India on long-term PPAs with state utilities. Directly comparable on geography, customer base, and asset class.
• Azure Power Global: NYSE-listed Indian utility-scale solar IPP selling power to state DISCOMs and government offtakers under long-term PPAs. Closely mirrors SolarArise's project development, ownership, and B2B utility offtake model.
• Greenko Group: Large Indian renewable IPP with utility-scale solar, wind, and hydro assets supplying state utilities under PPAs; recently merged with GIC-led platform. Comparable to SolarArise in IPP role, customer base, and project economics, though at much larger scale.
• JSW Renew Energy: Renewable arm of JSW Group developing utility-scale solar and wind capacity for sale to Indian DISCOMs via PPAs. Comparable on geography, offtake structure, and turnkey project development model.
• Sprng Energy: India-focused utility-scale solar and wind IPP backed by Actis, selling power to state DISCOMs under PPAs. Directly comparable as a sponsor-backed platform scaling solar capacity in the same geography and customer segment.

Broad incumbents

• NTPC Green Energy: Listed renewable arm of state-owned NTPC, building gigawatt-scale solar and hybrid capacity for DISCOM offtake. Comparable on customer base and asset class, but benefits from sovereign balance-sheet backing and far larger pipeline.
• Waaree Renewable Technologies: Waaree Group's renewable EPC and IPP arm, active in utility-scale solar development and project execution across India. Comparable as a multi-state Indian solar project developer and operator serving utility offtakers.

Emerging players

• Fourth Partner Energy: Indian renewable IPP with a portfolio spanning utility-scale and distributed solar across India, also raising institutional capital and pursuing consolidation. Comparable on platform model, though with greater emphasis on C&I and distributed segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SolarArise