Commercial & Industrial
For fifteen years Waa Solar has developed, built and operated utility-scale solar for the Indian grid. The same operating discipline is now available to commercial and industrial customers — through the structure that fits their energy load, their balance sheet and their sustainability mandate.
Grid tariffs for industrial and commercial consumers in India have risen consistently for over a decade and are expected to keep rising as DISCOMs pass through thermal-generation costs and regulatory surcharges. Solar — whether on-site or wheeled through open access — delivers predictable, long-tenure electricity at a cost typically 10–20% below the landed grid tariff, with no exposure to fuel-price volatility and measurable Scope 2 emissions reduction.
Long-tenure PPAs or captive generation lock in power cost for 15–25 years — a hedge against grid tariff escalation and open-access charge changes.
Scope 2 emissions reduction calculated against CEA grid emission factors — the basis used by CDP, SBTi and development-finance reporting frameworks.
Design, build, compliance, O&M and performance-guarantee delivery sit with us. Your team runs the business; we run the asset.
C&I solar in India sits under four commercial structures, each suited to a different customer profile. Waa Solar develops and delivers under all four — the choice is driven by your energy load, your treasury view, your site availability and your tariff-reduction ambition.
You own the asset. Waa Solar designs, procures, builds and commissions a rooftop or ground-mount plant on your premises. Ownership, tax benefits (accelerated depreciation), renewable energy certificates and 100% of the savings sit with you. Optional multi-year O&M contract.
Best for: balance-sheet-rich customers with long-horizon plans for the site, and treasuries that want to capture the full economic upside.
We own the asset, you buy the power. Waa Solar finances, builds, owns and operates the plant on your site. You sign a 15–25 year Power Purchase Agreement at a tariff locked below your grid rate — typical savings of 10–20% from day one, with zero capex and no O&M responsibility. Transfer of asset at end of tenure, if desired.
Best for: customers who want savings without capital deployment, and who prefer to treat power as an operating cost rather than a capex line.
Off-site plant, captive structure. A dedicated SPV houses a ground-mount solar plant; your entity takes ≥26% equity and consumes ≥51% of the power. This structure is recognised under the Electricity Rules and exempts the consumer from cross-subsidy surcharge and additional surcharge in most states — the deepest tariff saving available to high-tension industrial users.
Best for: high-tension industrial customers with large, predictable loads, chasing maximum tariff reduction.
Grid-connected, multi-site capable. Waa Solar builds a utility-scale plant off-site and wheels power to your location(s) through the state transmission network under an Open Access agreement. Works where rooftop space is limited, where loads span multiple sites, or where scale economics of a larger plant pull the tariff lower than on-site options.
Best for: multi-site corporates, data centres, and industrial customers whose sites can’t host enough capacity on the roof.
In practice, most C&I customers end up with a blend — rooftop on every viable site plus an open-access or group-captive off-site plant to cover the balance of load. Waa Solar is structured to deliver any of the four, individually or in combination.
Much of the C&I solar market in India is served by developers who exit an asset a few years after commissioning. Waa Solar doesn’t. Every plant on our operating book has been with us since day one, and every decision we make at development and construction stage reflects the fact that we will be running the asset for the next 25 years.
First plant commissioned in 2011. Continuous, unbroken commercial operation across every year since — the most important data point a C&I customer can check.
Development, EPC, commissioning and O&M all sit inside the platform. No pass-through to a third party whose incentives we don’t control.
Listed on the Bombay Stock Exchange (code 541445), operating under SEBI LODR disclosure standards. Contractual counterparty is a listed company with audited accounts, not a lightly capitalised SPV.
A typical C&I engagement runs six to nine months from term sheet to commissioning, depending on model, site readiness and regulatory approvals. Every stage is handled in-house and sequenced against a single delivery plan.
Load profile analysis, tariff benchmarking against your current grid bill, site visit, rooftop or land feasibility, and a view on which of the four models fits your position.
Tariff, tenure, savings projection, structure comparison and contractual skeleton — presented at a level of detail your CFO and sustainability lead can both underwrite.
PPA (opex / group captive / open access) or EPC + O&M contract (capex), with regulatory filings and off-taker consents handled by our development team.
Modules, inverters and BoS procured on tender; construction run by our in-house EPC team; project insurance and performance bonds in place.
Pre-commissioning tests, DISCOM and transmission approvals, grid synchronisation, and handover of operating protocols to our O&M team.
Generation monitoring, predictive maintenance, availability and performance guarantees delivered under the same institutional framework as our utility-scale fleet — for the full contracted O&M term.