Roofsol Energy Signs 6.1 MWp Rooftop Solar PPAs with Two Industrial Firms

Roofsol Energy has signed power purchase agreements (PPAs) for 6.1 MWp of rooftop solar capacity with two industrial clients. The deals cover installations at Softgel Healthcare and Noble Tech Industries, both based in India.

The company will design, build, and operate the solar plants on the rooftops of the two factories. Under the PPA model, Roofsol Energy owns the systems and sells the electricity to the clients at a fixed rate, saving them money on power bills without upfront capital costs.

Softgel Healthcare, a maker of softgel capsules and nutraceuticals, will get a 4.1 MWp rooftop solar plant at its manufacturing site. Noble Tech Industries, which produces industrial machinery and components, will host a 2 MWp system.

Together, the two projects are expected to generate roughly 8.2 million units of electricity each year. That is enough to power the equivalent of about 1,500 Indian homes for a year.

Cutting costs and carbon

For both companies, the move means lower electricity costs. Indian industrial power tariffs have climbed in recent years, making rooftop solar an attractive hedge. The PPAs lock in power prices for the life of the contract, usually 20 to 25 years.

"These agreements help our clients reduce their operating expenses while meeting their sustainability targets," said a Roofsol Energy spokesperson. The company did not disclose the exact tariff or contract length.

The solar plants will also cut carbon dioxide emissions by about 6,000 tonnes per year, according to Roofsol Energy's estimates. That is roughly the same as taking 1,300 cars off the road.

Rooftop solar push in India

India has set a target of 40 GW of rooftop solar capacity by 2022, but has lagged far behind. As of early 2025, installed rooftop solar stands at about 11 GW. The government has tried to speed things up with subsidies and net metering rules, but adoption among small and medium businesses has been slow.

Deals like these show that larger industrial users are moving ahead on their own. PPAs let them skip the upfront cost, which is often the biggest hurdle. Roofsol Energy, based in Gurugram, focuses on commercial and industrial rooftop projects.

The company has installed over 100 MW of rooftop solar across India since it started operations in 2015. Its clients range from pharmaceutical firms to auto parts makers.

Work on the two new plants is set to begin in the next few weeks. Roofsol Energy plans to finish installation within six months. Both systems will use monocrystalline solar panels and string inverters, the company said.

The projects do not require land acquisition, a major advantage in crowded industrial zones. Rooftop solar also avoids transmission losses because the power is consumed right where it is made.

Softgel Healthcare and Noble Tech Industries did not respond to requests for comment.