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					</table><p>As commercial and industrial companies explore clean energy options to offset rising energy costs and meet their sustainability commitments, on-site rooftop solar solutions have emerged as a viable solution.</p>
<p>For large-scale manufacturers, electricity is a critical input that affects production costs, particularly at facilities where refrigeration, bottling lines, packaging equipment, and round-the-clock operations demand substantial power.</p>
<p>Understanding how an insufficient power supply can hamper production lines, companies are leveraging solar rooftop solutions to not just slash grid power costs but meet fluctuating power requirements.</p>
<p>In April 2026, Haryana-based Varun Beverages (<a title="https://www.varunbeverages.com/" href="https://www.varunbeverages.com/" target="_blank" rel="noreferrer noopener">VBL</a>) commissioned a 5.5 MW rooftop solar power system at its Supa manufacturing facility in Parner, Maharashtra.</p>
<p>The project is expected to generate approximately 7 million units of electricity annually, meeting around 20% of the facility’s total electricity requirements. The company has estimated monthly savings of up to ₹5.5 million (~$58,000), with every unit of solar electricity offsetting grid power priced at approximately ₹8.30 (~$0.087)/kWh.</p>
<p>The Supa facility consumes approximately 37.7 million units of electricity annually and operates with a contracted demand of 9,990 kVA. Electricity consumption at the facility varies significantly throughout the year, ranging from about 1.7 million units during lean production months to nearly 4 million units during peak production months.</p>
<p>Developed by Delhi-based <a href="https://vibgyorenergy.com/" target="_blank" rel="noopener">Vibgyor Energy</a>, the solar project was designed based on an analysis of 12 months of consumption data to accurately match the facility’s seasonal load profile and avoid over- or undersizing.</p>
<p>The rooftop installation consists of 9,322 RenewSys solar modules rated at 590 W each and 32 Sungrow SG125CX-P2 string inverters.</p>
<p>Ishaan Gadhoke, Executive Director at Vibgyor Energy, said that the use of string inverter architecture enables granular maximum power point tracking and string-level monitoring across multiple rooftop sections, improving energy generation and fault detection capabilities.</p>
<p>The project spans multiple rooftops across the main facility and other buildings, each with different structural characteristics, orientations, and rooftop obstacles.</p>
<p>Vibgyor conducted roof-by-roof structural and load assessments, customized mounting layouts and string configurations for each section. The design also incorporated shadow analysis, maintenance walkways, and safety provisions while ensuring all structures remained within permissible load limits.</p>
<p>“As the entire output is self-consumed, every solar unit offsets grid power at the full applicable tariff,” Gadhoke said. The project provides a long-term hedge against electricity tariff escalation while improving the beverage manufacturer&#8217;s energy cost predictability, the company added</p>
<p>About the regulatory challenges during the implementation phase, Vibgyor Energy stated that the project was among the early large commercial and industrial rooftop installations established under the Maharashtra Electricity Regulatory Commission’s (MERC) Net Billing Regulations, 2023. The company worked with the utility and represented the matter before to ensure that the billing treatment aligned with regulatory provisions and protected the project’s intended savings.</p>
<p>Varun Beverages decided to go for solar to improve energy efficiency, optimize operational costs, and support broader sustainability goals. The system was planned and integrated in alignment with operational requirements to ensure smooth implementation with minimal disruption to routine activities at our Supa Plant.</p>
<p>The company said it is evaluating opportunities to expand its adoption of renewable energy across its facilities as part of its long-term sustainability roadmap and its commitment to achieving net-zero greenhouse gas emissions by 2050.</p>
<p>Last September, Varun Beverages <a href="https://www.mercomindia.com/varun-beverages-inks-22-5-mw-solar-plus-storage-ppa-with-vibgyor-energy" target="_blank" rel="noopener">signed</a> a power purchase agreement with Vibgyor Energy for a 22.5 MW solar project integrated with a battery energy storage system in Rajasthan.</p>
<p>Mercom India organizes C&amp;I Clean Energy Meets across the country to connect solar developers with commercial and industrial businesses looking to adopt clean energy solutions on a common platform.</p>
<p>The next event in the series will be held in <a href="https://www.mercomindia.com/event/c-and-i-clean-energy-meet-2026-hyderabad" target="_blank" rel="noopener">Hyderabad</a> on August 21, 2026.</p>


Varun Beverages Hopes to Save Big on Power Bill with Rooftop Solar


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					</table><p>PepsiCo’s bottling partner<a href="https://www.varunbeverages.com/" target="_blank" rel="noopener">, Varun Beverages</a>, signed a power purchase agreement (PPA) for a 22.5 MW solar project integrated with a battery energy storage system (BESS) in Rajasthan with <a href="https://vibgyorenergy.com/" target="_blank" rel="noopener">Vibgyor Energy</a>.</p>
<p>The project will supply clean solar power backed by integrated storage to Varun Beverages’ manufacturing facilities across Kota, Alwar, Jaipur, Jodhpur, and Bhiwadi.</p>
<p>The agreement has been structured through Vibgyor Energy’s special purpose vehicle (SPV), Jager Renewables Two. To comply with group captive regulations, Varun Beverages will initially invest ₹26,000 (~$294) for 2,600 shares, representing a 26% equity stake in Jager Renewables Two, with further investments to be made in tranches. The transaction is expected to be completed on or before June 2, 2026.</p>
<p>The project is expected to generate over 39 million kWh annually. This will reduce Varun Beverages’ dependence on grid electricity, provide peak load management, and ensure long-term cost savings.</p>
<p>The acquisition will enable Varun Beverages to secure clean, cost-effective energy for captive consumption at its Rajasthan facilities. No additional governmental or regulatory approvals are required for this transaction.</p>
<p>In its stock exchange disclosure, Varun Beverages confirmed that the acquisition does not qualify as a related-party transaction and that the promoter or promoter group has no financial interest in the SPV apart from this proposed investment.</p>
<p>According to its annual report 2024, Varun Beverages’ renewable energy use rose 3% from the previous year to 16%. It has set a target of 30% renewables in its energy mix by 2030.</p>
<p>Mercom India hosts a multicity ‘C&amp;I Clean Energy Meet’ series designed to provide commercial and industrial energy buyers with the knowledge and tools they need to adopt clean energy solutions and lower their power costs. The next Clean Energy Meet event will be held in <a href="https://www.mercomindia.com/event/c-and-i-clean-energy-meet-2025-jaipur" target="_blank" rel="noopener">Jaipur</a> on September 19, 2025.</p>
<p>The event will host C&amp;I business units with large power capacities, clean energy solutions providers, consultants, energy auditors, equipment and component manufacturers, lenders, investors, industry associates, facility and plant managers, C-level executives of C&amp;I businesses, engineers, procurement managers, and other decision-makers.</p>
<p><a href="mailto:sales@mercomindia.com?subject=Seeking%20Solar%20Installation%20Guidance%20and%20Vendor%20Recommendations%20for%20Business" target="_blank" rel="noopener">Contact us</a> if you plan to install solar and need guidance or vendor recommendations.</p>


Varun Beverages Inks 22.5 MW Solar Plus Storage PPA with Vibgyor Energy

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