India
Operational Adamas Knowledge City Rooftop On-Grid
707 kWp Capacity
25 yr PPA Tenure
Academic Institution Offtaker
West Bengal, India
India · USA · Solar Energy
Stable, long-term returns from solar infrastructure.
Boundless Energy. Powering Returns.
Ganit Energy is an independent power producer (IPP) that develops, owns, and operates solar energy infrastructure assets — both commercial rooftops and utility-scale — contracted by long-term power purchase agreements (PPAs) with creditworthy counterparties (government, commercial, and institutional), generating durable cash flows and value for investors in India and the USA.
500 MW Target Solar Capacity
6+ MW Capacity Operational
2 countries Geographies
20–25 yr Avg. PPA Tenure
15+ yr Solar Execution Experience
Market Opportunity
A market growing at an unprecedented scale.
Rising electricity demand, energy security priorities, and the global transition toward renewable infrastructure are creating long-term investment opportunities in solar power generation. Ganit Energy focuses on contracted solar assets designed to produce stable cash flows through disciplined project selection and long-duration power purchase agreements.
Solar Installed Capacity (GW) — India & United States
India United States 2030 Target
Dec 2014
Dec 2020
Nov 2025
Dec 2030 Target
Key Takeaways
- 01 India is the 3rd largest global solar market, trailing only China and the United States.
- 02 India's installed solar capacity grew ~40× in 11 years (2014 → 2025) — among the fastest expansions of any major power source globally.
Sources: Ministry of New and Renewable Energy — MNRE (India); U.S. Energy Information Administration — EIA. November 2025 figures reflect latest available commissioned capacity. December 2030 figures are official government targets.
India 2030 Targets — Key Milestones
500 GW Total Non-Fossil Energy Target by 2030
280–300 GW Solar Energy Target by 2030
20 GW Indian Railways Solar Target
Opportunity Drivers
Six structural forces making this the right moment.
Rising Structural Energy Demand
India is adding power capacity at an unprecedented rate, serving 1.4 billion people and a rapidly industrialising economy expanding toward a $5 trillion GDP by 2027. The US faces its own demand surge driven by data centres, EV adoption, and the onshoring of manufacturing. Both markets require massive new generation capacity — immediately and at scale.
PPA-Backed Cash Flow Certainty
Long-term power purchase agreements with creditworthy offtakers lock in revenue for 20–25 years. This contractual structure transforms solar assets into infrastructure bonds with equity upside — predictable distributions with limited demand-side risk across the full investment tenure.
Fossil Fuel Independence & Policy Support
India's COP26 commitment targets 500 GW of non-fossil capacity by 2030. The Jawaharlal Nehru National Solar Mission (JNNSM) created durable policy momentum backed by ISTS waivers, RPO mandates, and PM-KUSUM incentives. The PM Surya Ghar Muft Bijli Yojana scheme targets free rooftop solar electricity for 10 million households, adding powerful residential demand pull. The US Inflation Reduction Act provides complementary investment tax credits in the American market.
Favorable Economics of Solar Power
Solar module costs have fallen over 90% in a decade, making utility-scale solar among the lowest-cost sources of new generation. Operating expenditure is minimal — no fuel, low maintenance, no moving parts. In India, contracted solar tariffs of ₹3–6/kWh compare favourably against commercial and industrial grid rates of ₹7–12/kWh, creating strong and durable economic value for offtakers and compelling returns for asset owners.
Scalable and Distributed Platform
The RESCO model is inherently repeatable. Each project follows the same development-to-ownership cycle — site assessment, contract, construction, commissioning, operations — creating a platform that can be deployed across multiple projects and geographies with increasing efficiency and economies of scale. A distributed portfolio of independently contracted assets also mitigates concentration risk.
Abundant Solar Irradiance
India receives 4–7 kWh/m²/day of solar irradiance and 300+ sunny days per year. The widely cited 750 GW theoretical potential is a conservative baseline from a fraction of India's classified wasteland area. Factoring in residential and commercial rooftop potential — estimated at an additional 637–748 GW — the total addressable resource expands dramatically, and much of the upside remains untapped. Sunlight is the free feedstock: it arrives every day, at no cost, with zero commodity price exposure.
Our Business Model
The RESCO Utility Model — Built for Scale and Stability.
Ganit Energy operates as a RESCO† and independent power producer (IPP). We raise capital, develop and own solar assets, supply power to creditworthy customers under long-term contracted agreements, and collect stable cash flows over the life of each project. By focusing on distributed, small- to medium-scale assets across multiple sites, counterparties, and geographies, the portfolio is inherently derisked — no single project or client represents a material exposure. At maturity or an opportune moment, assets can be exited to institutional buyers, crystallising value for investors.
Raise Capital
Equity from investors and senior debt from banks finance asset development and construction.
01Build
Rooftop solar facilities are developed and constructed to proven engineering standards via our EPC partner.
02Own
Assets are held on the balance sheet as long-duration infrastructure — managed for performance and uptime.
03Supply under PPA
Power is supplied to reliable, creditworthy customers — including sovereign entities — at contracted rates over 20–25 year terms.
04Collect Cash Flows
Steady, predictable distributions flow to investors over the PPA life — the direct benefit of solar irradiance and contractual certainty.
05Exit / Liquidity Event
At maturity or an optimal point in the asset's life, the portfolio — or individual assets — can be sold to pension funds, infrastructure funds, or private equity seeking long-duration cash flows. Investors realise full returns.
06What is a RESCO?
In solar and renewable energy, a RESCO (Renewable Energy Service Company) is a business model where a third-party company — in this case, Ganit Energy — develops, owns, finances, and maintains a solar power plant on a client's property. The client does not purchase or own the hardware. Instead, they buy the electricity generated at an agreed rate — typically at a discount to prevailing grid tariffs — through a Power Purchase Agreement (PPA). This model eliminates upfront capital expenditure for the client while delivering a contracted, low-cost energy supply for the duration of the agreement.
Why Ganit Energy
Built on execution. Differentiated by structure.
The solar infrastructure space has many aspirants. Ganit Energy's edge lies in operating experience that is already in the field, partnerships that took years to build, and a project structure engineered to reduce risk at every layer. Click any point to read more.
01 Proven Execution Track Record — 6+ MW Operational
Proven Execution Track Record — 6+ MW Operational
The broader operating ecosystem associated with the Ganit Energy management team has already developed and installed more than 6 MW of RESCO solar capacity across commissioned projects — demonstrating practical execution capability across asset development, commissioning, and long-term operations. This is proof of a complete cycle, not a projected capability.
02 Deep Solar Execution Experience — Suncraft Energy (15+ Years)
Deep Solar Execution Experience — Suncraft Energy (15+ Years)
Ganit Energy benefits from the operational expertise of Suncraft Energy, an established solar EPC firm with more than 15 years of experience across commercial and industrial solar projects in India and Africa. Suncraft has been active in the RESCO sector since 2019 and is accredited and empaneled by the Government of India. A member of Ganit Energy's management team is among the founders of Suncraft — creating a level of technical alignment, cost discipline, and execution accountability that arm's-length EPC relationships cannot replicate.
03 High-Quality Contracts, Sovereign Offtaker — Indian Railways
High-Quality Contracts, Sovereign Offtaker — Indian Railways
The Company focuses on projects backed by long-term power purchase agreements with creditworthy counterparties, including sovereign and government-linked entities such as Indian Railways. Participation in Ministry of Railways projects requires extensive execution history, technical qualifications, and empanelment standards that create meaningful barriers to entry. Indian Railways, as a sovereign-backed offtaker, provides a level of revenue certainty that commercial counterparties cannot match.
04 Rooftop Strategy — Land Risk Eliminated
Rooftop Strategy — Land Risk Eliminated
The Company's rooftop-based project strategy removes several risks commonly associated with utility-scale land development — including land acquisition disputes, title ambiguity, permitting delays, and site-related execution uncertainties. Projects are built on existing structures. Deployment timelines are more predictable, and the path from contract to commissioning is structurally faster than ground-mount alternatives.
05 Distributed Asset Portfolio — Derisked by Design
Distributed Asset Portfolio — Derisked by Design
Each asset is independently contracted. The portfolio focuses on distributed small- and medium-scale assets, supporting portfolio diversification and reduces concentration risk across counterparties, project locations, and geographies. No single asset, client, or state represents a material exposure to the portfolio. Resilience is built into the construction of the portfolio from the outset — not managed as an afterthought.
06 Focused Investment Mandate
Focused Investment Mandate
Ganit Energy operates exclusively in contracted solar infrastructure. No diversification into adjacent technologies, no venture-stage risk, no speculative development bets. One asset class, two geographies, executed with discipline. A focused mandate is itself a form of risk management — it means every decision, every relationship, and every rupee of capital is directed toward a single, well-understood investment thesis.
07 Aligned Team
Aligned Team
The Ganit Energy management team invests alongside its partners. Economic alignment is written into the structure — not stated as a principle. The team succeeds when investors succeed, and that commitment is financial, not rhetorical.
Portfolio
Assets & Pipeline
Ganit Energy is on an aggressive path to build a broadly diversified portfolio of solar assets that will establish a long-term source of near-certain cash flows, supply clean energy, and create enduring value for all stakeholders.
6+ MW † Capacity Operational
3 MW Ready for Construction
31 MW Pipeline Under Development
500 MW Target by 2030
Target Portfolio Roadmap
Planned annual capacity additions — reaching 500 MW cumulative by end of 2030.
2026 +3 MW 3 MW total
2027 +31 MW 34 MW total
2028 +105 MW 139 MW total
2029 +161 MW 300 MW total
2030 +200 MW 500 MW total
Existing Operational Projects
The three assets below comprise the 6+ MW of current operational capacity. They were developed and commissioned through the management team's operating ecosystem prior to the formal Ganit Energy investment structure, and are not part of the 500 MW target portfolio above. They establish technical track record, execution depth, and EPC credibility that underpins the broader platform.
India
Operational SEC Railways Rooftop On-Grid
504 kWp Capacity
25 yr PPA Tenure
Govt Utility Offtaker
Maharashtra, India
India
Operational Uttarkashi Ground On-Grid
500 kWp Capacity
20 yr PPA Tenure
Industrial Offtaker
Uttarakhand, India
Existing projects were developed and delivered in partnership with Suncraft Energy — Ganit Energy's EPC partner and co-founder affiliate with 15+ years of commercial solar experience. Further project details are available on the Suncraft Energy website. Asset-level financial performance data is available to qualified investors under NDA. Request the information memorandum →
Team
People behind the platform.
Ganit Energy is led by a team with deep operational experience across engineering, finance, and project execution. Our backgrounds span Wall Street investment banking, corporate and project finance, energy operations, and academic engineering — the disciplines required to build and operate contracted solar infrastructure at institutional scale. Read more in Why Ganit Energy.
Rishi D.
President & Project Coordinator
Over 20 years across Wall Street investment banking, corporate and project finance, and engineering and operations leadership in the energy sector.
Education: B.Tech. Hons. (IIT Kharagpur), MS (Texas A&M Univ.), and MBA (Univ. of Michigan – Ross School of Business).
Zach C.
Head of Finance
Stuart F.
Head of Operations
Investment Structure
Investment terms at a glance.
Ganit Energy structures investments to align long-term capital with long-term solar infrastructure cash flows. The terms below summarise the principal characteristics of the offering. Detailed terms are provided in the investment memorandum to qualified investors.
Structure
Fund structure based in the United States. Investors are subject to U.S. capital gains tax treatment and file no Indian tax returns. An Indian SPV files all required taxes in India.
Minimum Investment
$50K / ₹50 L USD / INR equivalent
Investor qualification and accreditation requirements may apply for U.S.-based investors. Indian investors subject to FEMA-compliant onboarding.
Investment Tenor
5 years
Early exit option available after 3 years from initial investment, subject to fund terms and available liquidity at the time of redemption.
Target Returns
22 – 25 % p.a.
Target annual rate of return — not a guarantee. Past performance is not indicative of future results.
Distributions
Annual cash distributions from operational PPA revenues may commence approximately 15 months post-investment. The fund's primary objective is to return invested capital with accrued gains at the exit liquidity event.
Geographies
Primary focus on India in the current investment cycle. U.S. investments are planned for a subsequent phase. Final portfolio allocation between markets is disclosed in the investment memorandum.
Ready to discuss?
We are happy to walk qualified investors through the investment memorandum and address questions specific to your mandate.
Disclaimer: The information on this website is provided for general informational purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase any security or interest in any investment vehicle. Any such offer or solicitation will be made solely by the delivery of a formal private placement memorandum, subscription agreement, and related offering documents to qualified investors. Past performance is not indicative of future results.
Contact
Speak with our team.
We welcome enquiries from family offices, institutional investors, and qualified individuals who share a long-term perspective on energy infrastructure. An initial conversation is informal and carries no obligation.
United States
Dallas, Texas
India
Kolkata, West Bengal
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