STATE
Maharashtra has a population of 112.4 million, and well developed social, physical and industrial infrastructure. The state is the leading industrial hub in the country. As of January, 2019, the state has 29 operational SEZs, focusing on heavy engineering, electronics segment, infrastructure, and IT.
Installed Solar Capacity
Electricity Generation from Solar
Net Metering Policy
  • Year of release
    2015
    amended in 2017 and 2019
  • Range allowed
    NA–1 MW
System size and grid integration
  • LT single phase
    < 8 kW
    LT three phase
    8 kW–150 kW
    HT
    Above 150 kW
  • Maximum capacity w.r.t sanctioned load
    100%
  • Export of electricity w.r.t consumption
    Above 100%
  • Compensation rate for surplus
    APPC rate
Compare
Key Players
  • Acme Solar Holdings
  • Adani Green Energy
  • Avaada Energy
  • Azure Power
  • Greenko Energy Holdings
  • Hero Future Energies
  • NLC
  • NTPC
  • Renew Power
  • Tata Power
  • Amplus Solar
  • Azure
  • Cleanmax Solar
  • Fourth Partner
  • Oakridge Solar
  • Renew Power
  • SunSource
  • Tata Power Solar Systems Ltd.
  • Think Energy
  • Vivaan Solar
  • DBS
  • ICICI Bank
  • IDFC
  • IREDA
  • PFC
  • Punjab National Bank
  • SBI Caps
  • State Bank of India
  • Sunvest Capital
  • Yes Bank
  • Abu Dhabi Investment Authority (ADIA)
  • Actis
  • APG Asset Management NV
  • Canadian Pension Fund
  • Engie SA
  • GIC Private Limited
  • JERA, Japan
  • Piramal Enterprises
  • Emmvee Photovoltaics Private Limited
  • Goldi Green Technologies Pvt. Ltd.
  • Mundra Solar
  • Navitas Green Solutions Pvt. Ltd
  • Renewsys
  • Satvik Green Energy Pvt Ltd
  • Tata Power Solar Systems Ltd.
  • Vikram Solar
  • Waaree Solar
  • ABB LTD
  • Bosch
  • First Solar
  • L&T ECC
  • Mahindra Susten
  • Moser Baer Ltd
  • Punj Lloyd Delta Renewables Pvt Ltd
  • Sterling & Wilson
  • Sunsure
  • Vikram Solar
  • Asea Brown Boveri Ltd (ABB)
  • Delta Electronics India
  • Fronius India Pvt Ltd
  • GoodWe
  • Huawei
  • SMA India
  • Sofar Solar
  • Solis
  • Sungrow
  • Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC)
Graphs have been developed using HIGHCHARTS software under the Creative Commons Attribution-NonCommercial 3.0 License
Key Indicators
  • State solar target
    11926 MWp
    By MNRE for 2022
  • Installed solar capacity (November 2020)
    1895 MW
    Ranked 8th in India
  • Solar projects installed in 2019-20
    168 MW
    Ranked 7th in net addition
  • Share of state in 2019-20
    4.73 %
    in electricity generated from solar in India
  • Solar parks in state
    6
    with approved capacity of 1805 MW
  • Installed capacity of grid connected rooftop
    220 MW
    as of March 2020
Applicable GST Rates
  • Solar power projects
    8.9%
  • Solar cells and modules
    5%
  • Electrical transformers
    18%
  • Inverters
    5%
  • Cables
    18%
Indirect Taxes
  • Safeguard duty on solar cells and modules
    14.9%
    to reduce to 14.5% from Feb 2021 to July 2021
  • Anti-dumping duty on EVA backsheet upto
    1559 USD/MT
    on imports from China, Saudi Arabia, Malaysia and Thailand
  • Anti-dumping duty on textured tempered glass upto
    136 USD/MT
    on imports from Malaysia and China
BIS Certified Solar Modules
  • India (50)
  • China (39)
  • Vietnam (9)
  • Malaysia (2)
  • South Korea (2)
  • Thailand (2)
  • Singapore (1)
  • Taiwan (1)