Top builders rush to install solar rooftops on dipping costs, favourable govt policies

Major real estate developers like DLF, Lodha, Vatika, IREO and Wadhwa Group are increasingly opting for solar rooftops on their buildings due to lower lifecycle costs, favourable state policies and a brand differentiation.

While Mumbai-based real estate firm Lodha Group is running a pilot project using solar energy at its 4,500-acre township named Palava in Mumbai, another city based developer. The Wadhwa Group has tied up with Waaree Energies for installing solar panels across all their projects.

DLF has recently tied up with solar energy developer Azure Power to set up solar panels on the rooftops of its Gurgaon properties, while Vatika Group has tied up with Amplus Energy Solutions to set up solar rooftop systems across six buildings in Gurgaon.

Private equity fund and developer IREO has also tied up for 100% solar power with a 9 mega watt (mw) third-party dedicated solar farm in Haryana for its first building at the 11 million sq ft IT SEZ being developed in Gurgaon’s Golf Course Extension Road. The building will also have 600 KW rooftop solar panels. Read More…