Roofsol Energy has secured ₹260 crore (₹2.6 billion) in funding from Aseem Infrastructure Finance to accelerate the expansion of its Commercial and Industrial (C&I) solar portfolio. This capital infusion is primarily earmarked for the development of the company’s independent power producer (IPP) projects, marking a significant step in its transition toward long-term asset ownership.
Strategic Capital Deployment and Project Pipeline
The ₹260 crore funding will be deployed to develop strategic solar IPP projects, with a specific focus on large-scale installations for JK Tyre & Industries. Through this investment, Roofsol Energy aims to add 100 MWp of additional C&I solar capacity to its nationwide portfolio. This transaction follows a previous funding round in May 2025, where the company raised ₹210 crore from the same partner to develop 92.66 MWp of IPP and group captive solar assets.
Roofsol Energy: Operational Footprint and Market Ranking
Currently ranked as India’s #2 Rooftop Solar EPC company, Roofsol Energy maintains a total installed capacity exceeding 400 MW across more than 250 projects. The company has demonstrated significant momentum in the first half of 2026, signing a series of high-profile Power Purchase Agreements (PPAs):
- JK Tyre & Industries (March 2026): a 7 MWp solar PPA under the OPEX model for its manufacturing facility in Uttarakhand.
- Motherson Group: a 12.8 MWp portfolio of rooftop and behind-the-meter projects across Tamil Nadu, Maharashtra, Karnataka, Uttar Pradesh, Andhra Pradesh, Haryana, and Puducherry, utilizing a mix of OPEX (RESCO) and CAPEX financial models.
- Nagarjuna Cement: a 25-year PPA for 10.2 MWp of rooftop solar installations across its integrated cement manufacturing and grinding plants in Andhra Pradesh and Telangana.
- Whirlpool India (April 2026): a 2 MWp OPEX-based solar PPA for its production site in Pune.
- Lloyds Metals and Energy Ltd. (LMEL) (January 2026): a 5.5 MWp clean solar power project under the OPEX model.
Profile of the Funding Partner: Aseem Infrastructure Finance
Aseem Infrastructure Finance Limited (AIFL) is a Mumbai-based NBFC-IFC backed by the National Investment and Infrastructure Fund (NIIF). The institution has established a dominant role in the domestic green finance landscape, with total Assets Under Management (AUM) exceeding ₹15,431 crore. AIFL has announced plans to raise an additional ₹2,500 crore in FY26 through domestic and international borrowings to support climate-resilient infrastructure.
Nearly 50% of AIFL’s current portfolio is dedicated to climate-positive projects. In FY25 alone, the financier backed 4.75 GW of renewable energy assets, which contributed to the mitigation of an estimated 5.65 million tonnes of greenhouse gas (GHG) emissions.
Sector Context: India’s C&I Solar Growth
The expansion of the Roofsol portfolio occurs amid a rapid build-out in the broader India Installation Market, which reached a total size of 45 GW in FY26. Within this market, “C&I Open Access” has emerged as one of four independent demand engines.
In FY26, the C&I segment accounted for 7.5 GW of installations, representing 17% of the total market. Unlike the utility-scale or agricultural segments, C&I solar is characterized as a self-sustaining engine. Having crossed grid parity, the segment functions without the requirement for government tenders or subsidies, driven purely by the economic viability of clean energy for industrial consumers.
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