Solarworld Energy Solutions Limited was originally incorporated as ‘Solarworld Energy Solutions Private Limited’ under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated July 17, 2013, issued by the RoC. Subsequently, Company was converted from a private company to a public company, pursuant to a resolution passed by its Shareholders at the extraordinary general meeting held on August 24, 2024, following which the name of the Company was changed to ‘Solarworld Energy Solutions Limited’ and a certificate of incorporation consequent upon conversion to public limited company was issued by the RoC on September 23, 2024.

The company is engaged in providing solar energy solutions, specialising in engineering, procurement and construction (EPC) services for solar power projects. It commenced its operations in 2013, offering comprehensive, end to end and cost-effective solutions for the installation of solar power projects tailored to its customers’ needs, which comprise public sector undertakings (PSUs) and commercial and industrial clients (C&I Clients). Its solutions are designed to strengthen its customers sustainable energy infrastructure, supporting their decarbonization efforts and driving energy efficiency improvements. It offers these solutions through two distinct models namely the capital expenditure (CAPEX) model and the renewable energy service company (RESCO) model.

Under the CAPEX model, it provides end-to-end solutions by designing, installing, setting up and commissioning the solar power projects on a turn-key basis for its customers, while the ownership of the solar power projects vests with the customer itself. The scope of its services ranges from the evaluation of land, designing of the project, procurement of raw material and components, installation of equipment, setup of the transmission infrastructure and the maintenance/operation of the project for the contracted period.

Under the RESCO model, the power purchaser is not required to make any capital investment for the solar power project, allowing them to reduce their carbon footprint without upfront expenditure. The investment under this model includes land acquisition, equipment procurement and installation, and obtaining necessary regulatory and statutory approvals from local authorities. It installs, owns and operates the solar power projects, with its customers purchasing the generated power at fixed tariffs agreed upon through long-term power purchase agreements (PPAs).

Under the CAPEX and RESCO models, it also provides operations and maintenance (O&M) services depending on the requirements of its customers. These services are designed to provide forward-integrated, full life-cycle support, ensuring the long-term performance and reliability of solar power.

Business area of the company

Solarworld Energy Solutions is principally engaged in the business of solar power plant set up, EPC etc. The company, together with its subsidiaries, associate, and joint ventures, is primarily engaged in the business of solar power plant set up, EPC, solar accessories, and undertakes related construction/project related activities. 

Services of the company

• Ground mount solar EPC: This offers unparalleled advantages for large-scale energy generation.
• Rooftop solar: Its rooftop solar offerings are a significant contributor in creating a sustainable ecosystem.
• Asset management services: They are designed to ensure optimal performance, financial health, and long-term sustainability of renewable energy assets.

Products of the company

PV module

• AURIGA 570-600Wp
• AQUILA 650-715Wp
• SIRIUS 585-640Wp
• ALTAIR 600-645Wp

Battery Energy Storage Systems (BESS)

Awards, accreditations, and recognition

• 2023: Awarded ‘Best Project Management Team of the Year’ at the State Leadership Awards by SolarQuarter.
• 2023: Awarded ‘Solar EPC Company of the Year’ at the State Leadership Awards by SolarQuarter.
• 2024: Awarded ‘Best Solar Project of the Year for 75 MW Gurah Solar Power Plant for the state of U.P.’ at the Uttar Pradesh Annual Solar Awards by EQ.
• 2024: Awarded ‘Solar EPC Company of the Year for the state of U.P. I Industrial Category (Diamond)’ at the Uttar Pradesh Annual Solar Awards by EQ.
• 2024: Awarded ‘Solar Company of the Year: EPC (Utility Scale Solutions)’ at the Utility Solar Leadership Awards at the India Solar Week 2024, organised by Firstview Intelligent Business.
• 2024: Awarded ‘Solar EPC Company of the year (Ground Mount) - Platinum’ at the State Leadership Awards UP 2024 organised by Firstview.

History and milestones

• 2013: Incorporation of the company.
• 2014: Completion of first 500 KWp solar power plant in Noida.
• 2015: Completion of first 10 MW grid connected solar power plant in Telangana.
• 2017: Received letter of allocation as successful bidder ‘Design, engineering, manufacture, supply, erection, testing and commissioning including warranty, operation and maintenance of roof top solar PV system’ in different states in India from a government organisation.
• 2017: Expanded reach to Rajasthan and Haryana.
• 2017: Expanded reach to Uttarakhand, New Delhi and Himachal Pradesh.
• 2020: Completion of first 10 MW AC / 14 MW DC ground mount solar capacity project.
• 2023: Completion of the first 75 MW / 105 MW DC for SJVN Green Energy.
• 2024: Entered into an equity co-operation agreement with ZNSHINE PV-Tech Co Limited, a company based in China, to manufacture solar photovoltaic solar panels.
• 2024: Converted to a public limited company.
• 2025: Received a letter of intent and allocation as a successful bidder for setting up of 125 MW/ 250 MWh standalone battery energy systems under Tariff Based Global Competitive Bidding in the premises of Power Projects Owned by the government entity along with additional Green Shoe option up to 125 MW/ 250 MWh with viability gap funding fupport under the “BOO” model, from a government organisation. 
• 2025: Received a notification of award of contract for “EPC package for development of 325 MW Project out of 650MW (2X325MW) grid connected solar PV projects at Bikaner, Rajasthan” from a government organisation, for inland transportation, insurance, civil and allied works, testing and commissioning, ex works supply for all plant and equipment including mandatory spares, and operations and maintenance of complete solar PV plant for three years, for Block no 1(325 MW).