India renewable energy companies and their SPVs

Which group owns which project company, how big each portfolio is, how it is rated and who lends to it.

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2,690SPVs and project companies
192holding companies mapped
71SPVs with a credit rating

SPVs by technology

TechnologySPVs
Not stated1,376
Solar650
Wind253
Wind-solar hybrid160
Standalone storage (BESS)128
Hydro30
FDRE / RTC24
Solar + storage20
Renewable (not specified)19
Pumped storage12

For each SPV: holding company, technology, capacity, stage, offtaker, credit rating, rated debt and lenders. For each group: portfolio by stage and technology, auction wins, C&I contracts, investors and ownership.

Frequently asked questions

How many renewable energy SPVs are there in India?

Wattscape tracks 2,690 SPVs and project companies across 192 holding companies, and adds more every week.

Can I see who lends to a project?

Yes. Subscribers see each SPV's lenders, facilities and amounts where they are public, and can list every SPV financed by a given lender.

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