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‘Sunny’ Days For Solar: Tata Power To Offer Slew Of Incentives To Cement Rooftop Solar Panel Market Share
Solar panels are installed on the rooftop of an apartment building in Berlin, Germany. (Photo by Andreas Rentz/Getty Images)
Tata Power Company Ltd (TPCL) has formulated wide ranging plans to provide a range of services related to the rooftop solar panels space. It should be noted that Tata Power Solar, the renewable energy arm of the power company, is the largest player supplying rooftop solar panels.
The CEO of Tata Power Solar has stated that the services the company plans to offer include consultancy, sourcing of solar panels, installation and maintenance of the rooftop plants while also venturing into the low cost financing space. The company also plans to liaise with distributors while also launching their own dealer network in order to better compete in a competitive renewable energy market.
While Tata Power Solar is the largest solar rooftop panel supplier, the company’s market share currently hovers around six per cent leaving a lot of scope for growth. The company is also looking at leveraging their position as an integrated solar power company to better provide customers with end to end services.
The solar power sector is a sunrise industry as India has ambitious plans of installing 175 GW capacity of renewable power out of which 40 GW is expected to be sourced from rooftop solar panels. The Tata group’s ambitious plans in this field no doubt look to tap into this potential and further cement their leadership position.
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