Tata Power has accelerated its financial roadmap for its rooftop solar division, raising its revenue target to ₹30,000 crore by 2029.
The company previously set this milestone for 2030, but is now moving the deadline forward by a year, citing a surge in installation volumes and strengthening consumer demand across India.
The utility also outlined an aggressive market share objective, targeting a 25% stake in the rooftop solar segment by the end of the decade.
The utility also outlined an aggressive market share objective, targeting a 25% stake in the rooftop solar segment by the end of the decade.
This expansion strategy is underpinned by growing adoption of battery storage systems, which Tata Power views as a critical enabler for residential and commercial solar uptake.
The company attributes the accelerated timeline to a combination of favorable government policies and a broader shift toward decentralized energy solutions.
This strategic pivot aligns with the wider Tata Group’s push into high-growth sectors.