“Our priorities are better design and energy modelling to maximise yield, performance monitoring and analytics in O&M to reduce downtime, and digital project-management systems so that large, multi-site programmes run on data. Because we also own and operate assets through IPP, every improvement in performance flows directly into returns.”
Q1. RAVC has continued to grow across the renewable energy sector. What are the key developments and achievements the company has made in recent times?
RAVC began as a project-management consultancy in 2019 and was incorporated as RAVC Solutions Private Limited in 2021. In just five years, we have delivered more than 500 MW of solar across 15 projects in six states (Gujarat, Rajasthan, Uttar Pradesh, Madhya Pradesh, Chhattisgarh and Karnataka), and we have a further 300+ MW under execution across 13 projects in three states. Our work spans a 3 kW residential rooftop to 190 MW utility-scale solar plants. Our presence now spans from Uttar Pradesh in the North to Karnataka in the South and from West Bengal in the East to Gujarat in the West.
Our key milestones include a 195 MW project in Bharuch, a 90 MW project in Khavda, a 53 MW project in Dwarka, and a 21 MW project in Neemuch, Madhya Pradesh. We were recently awarded as EPC Company of the Year for Utility-Scale Solar Execution Excellence 2026, which makes it five years in a row, from 2022 to 2026, of being awarded as an EPC Company of the Year across various platforms. Our biggest milestone, of course, has been the trust of new institutional customers who have joined the RAVC family while the earlier ones continue trusting us with new projects.
In 2026, we have also focused on institutionalising the company with stronger systems, processes and seasoned leadership, and we launched RAVC Foundation, with a strong commitment of RAVC Group profits every year to social causes.
Q2. RAVC is working across utility-scale, C&I, rooftop and IPP segments. How are you balancing these opportunities, and which segment is currently seeing the strongest demand?
We run these as one connected value chain, not as separate businesses, and every project, whatever its size, goes through the same seven-stage framework: site survey, design, procurement, installation, testing and commissioning, inspection and approval, and handover. Each stage has a named owner and every stage has a sign-off to ensure delivery tied to milestones. That discipline is what lets one team serve a home, a factory and a solar park without compromising quality.
Utility-scale EPC remains our largest source of project volume. Demand is strongest right now in C&I and rooftop, helped by clear economics: 40% accelerated depreciation in year one, 5% GST on modules, and for households the PM Surya Ghar subsidy of up to ₹1,08,000 for systems of 3 kW or more. Businesses can either buy the plant (CAPEX) or choose our OPEX/RESCO model, where we fund, build, own and maintain the plant and the customer pays less than the grid tariff per unit.
IPP is the long-term annuity of the business. We offer independent power producer opportunities, where an investor brings capital and we provide the DPR, pre-leased land, bank finance support, complete EPC, 25 years of O&M and offtake agreements. Our balance is simple: EPC is the engine, IPP builds recurring value, and rooftop and C&I deepen our reach.
Q3. C&I customers are increasingly looking beyond conventional solar towards Open Access, Group Captive, storage and hybrid projects. How is RAVC responding to this changing customer demand?
C&I customers today are not asking for panels; they want reliable, lower-cost power. We respond by starting with their load profile and tariff structure and then choosing the right model rather than selling a standard product.
For on-site needs, we offer rooftop and ground-mounted plants under CAPEX or OPEX/RESCO structures, so a factory, hospital, hotel, school or cold storage can lower its energy cost with or without upfront capital. For larger consumers, our IPP and PPA experience allows us to structure off-site supply, and our work on utility-scale plants gives us the grid and engineering depth that Open Access and Group Captive projects need.
Storage and hybrid configurations are the next step, and we are building our engineering and regulatory capabilities so that they become a standard part of the C&I conversation as costs fall.
Q4. India is seeing rapid growth in domestic solar manufacturing and localisation. How is RAVC working with Indian manufacturers, OEMs and technology partners to build a stronger and more reliable supply chain?
We see localisation as good for India and good for project reliability. We continue to build long-term relationships with manufacturers instead of buying purely on price.
Our procurement stage is one of the seven gated stages of every project, and we source from trusted domestic and global partners based on certifications, warranty support and delivery timelines. We insist on modules that carry a 25-year performance warranty of at least 80% of rated output, because we care about how a plant performs in year 20, not just on the day it is commissioned.
A dedicated supply chain function works closely with our project teams so that procurement is aligned with execution schedules and site requirements.
Q5. With renewable projects becoming larger and more complex, what role do you see for energy storage, hybrid systems and digital technologies in RAVC’s future projects?
They will be central. As solar penetration rises, the value of a project depends not just on how much it generates but on when and how reliably it delivers. Storage and hybrid systems address that, and we expect them to become part of the standard design discussion for both utility-scale and C&I projects.
On the digital side, our priorities are better design and energy modelling to maximise yield, performance monitoring and analytics in O&M to reduce downtime, and digital project-management systems so that large, multi-site programmes run on data. Because we also own and operate assets through IPP, every improvement in performance flows directly into returns.
Q6. RAVC has expanded its presence across several states. What new markets, customer segments or business opportunities are you planning to focus on over the next 3–5 years?
Our ambition is to build a 1 GW IPP portfolio, and that shapes most of our plans. We will keep growing our EPC and O&M business while building a larger base of assets that we own and operate or build for investors.
Geographically, we will deepen our presence in Gujarat, Madhya Pradesh and Uttar Pradesh, our current top three states in terms of projects, and enter new states as policy and demand allow. In terms of segments, we see strong potential in C&I power supply, institutional and government projects under the RESCO model, residential rooftop and housing societies (where societies can receive ₹18,000 per kW for shared loads), hybrid and storage-backed projects.
We are also investing in our brand, our sales function and our people, because the next phase of growth must be driven by systems built by experienced teams.
Q7. REI Expo brings the entire renewable energy ecosystem together. What key trends, opportunities or changes should industry stakeholders watch closely as India moves towards its next phase of renewable energy growth?
I would point to five trends. First, the shift from solar alone to firm and dispatchable power through storage and hybrid systems. Second, the rise of Open Access and Group Captive as industries look for cleaner, cheaper power. Third, domestic manufacturing and localisation, which will reshape procurement and bankability norms. Fourth, grid and transmission readiness, which will decide how quickly new capacity can be absorbed. Fifth, the spread of rooftop solar into homes, housing societies and small businesses, driven by schemes like PM Surya Ghar and accessible financing.
For stakeholders, the opportunity is large, but the winners will be companies that combine execution quality with financial discipline and long-term asset ownership. REI Expo is valuable because it brings developers, manufacturers, financiers and policymakers into one conversation, and we are proud to be part of it again this year, where RAVC is at Stall A-85, Hall 1.
