REC Group secures 45MW of module orders for Indian rooftop solar projects

August 23, 2018
Facebook
Twitter
LinkedIn
Reddit
Email

REC Group has secured orders for 45MW of solar modules to be installed at rooftop PV projects under the RESCO rooftop model in India, where the developer leases the rooftop system to the rooftop owner.

The orders from Indian companies Cleanmax Solar (16MW rooftop), Fourth Partner Energy (22MW open access) and SunSource (7MW rooftop) all came in June and July.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Nearly 40MW of the modules supplied will be REC’s TwinPeak 2S 72 Series, which include half-cut PERC cells and a twin-panel design that the company claims performs better under shaded conditions.

Rohit Kumar, head of India Subcontinent for REC, told PV Tech that out of 145MW supplied to India last year by REC Group, 60MW was in the rooftop space and 85MW in ground-mount. This year the company will have supplied 100MW by the end of the September out of which 70MW will be for rooftop projects.

Kumar added: “This year the sales are shifting towards rooftop so far, but all it takes is one utility to shift the balance and that changes quarter to quarter.”

Nonetheless he noted that the RESCO model is coming more into consideration in India, with the larger players signing more PPAs.

“The Indian market today is highly fragmented,” he added. “There's hundreds of players but consolidation is primarily happening at the RESCO level with Fourth Partner, CleanMax and another couple of companies leading the way.”

REC Group has headquarters in Norway and operational headquarters in Singapore.

Read Next

October 27, 2025
Waaree Energies has secured four solar module supply contracts totalling 692MW – three for projects in India and one in the US through its subsidiary.
October 27, 2025
Premier Energies has acquired a 51% stake each in transformer maker Transcon and inverter producer KSolare Energy. 
October 16, 2025
Jakson Green and Blueleaf Energy have reached financial close for the 840MWp Bikaner solar projects in Rajasthan, western India. 
October 15, 2025
Wood Mackenzie has warned of a supply bottleneck as the renewable energy shift drives a spike in global copper demand over the next decade.
October 15, 2025
Ciel & Terre has launched a new floating PV structure designed to address the increasingly large scale of floating solar projects.
October 15, 2025
Indian module manufacturer Saatvik Green Energy, through its subsidiary Saatvik Solar Industries, has secured solar PV module orders worth INR6.89 billion (US$78 million).

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 12, 2025
10am PST / 1pm EST
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany