Top solar panel companies in india, Solar Companies in india:
Powering India’s Solar Revolution: Leading Companies in the Race to Renewable Dominanc
These companies are fueling India’s renewable energy efforts.
India’s ambitious goal of sourcing 50% of its energy from renewable sources by 2030 has led to an explosion of activity in the solar energy sector.
India is expected to become the world’s second-largest solar producer by 2026, thanks to hefty $3.2 billion in government incentives. India’s solar industry appears prepared to address the issue directly, despite facing obstacles on the road to achieving its objective of attaining 280 gigawatts of solar capacity by 2030. Many factories have already moved their metrics from megawatts to gigawatts, indicating the industry’s readiness for exponential expansion.
The following summary highlights the innovative solar companies that are pushing India toward a bright future powered by solar energy.
Top Solar Companies in India:
- Tata Power Solar
- Adani Solar
- Vikram Solar
- Waaree Energies
- RenewSys
- Emmvee
- Azure Power
- Jakson
- Goldi Solar
- Loom Solar
1. Tata Power Solar Systems Limited:
Tata Power Solar Systems Limited, a subsidiary of Tata Power, was established in 1989 and proudly claims to be the leading integrated solar company in India, covering the entire solar value chain. Tata Power Solar is a leading manufacturer of solar cells and modules, renowned for its commitment to excellence and sustainability. It provides state-of-the-art solutions for a wide range of applications.
Tata Power Solar caters to a wide range of applications, including residential, commercial, and industrial, thanks to its broad product portfolio. The company specializes in making rooftop solar panels. They provide customers with dependable and affordable solar energy solutions that are tailored to their specific requirements. Tata Power Solar also offers solar water pumps, which make irrigation and water management more efficient in agricultural and rural areas.
Tata Power Solar has a global presence that goes beyond India, demonstrating its commitment to advancing global solar energy adoption. The company has delivered more than three gigawatts of solar modules to countries around the world, establishing a reputation for providing high-quality and dependable solar products.
Tata Power Solar provides solar power to thirty-three state utilities in India, making it an essential part of the country’s energy sector. The company contributes to India’s efforts to harness clean and sustainable energy sources, reducing carbon emissions and mitigating the impacts of climate change by leveraging its expertise and innovative technologies.
Tata Power Solar has many remarkable projects that demonstrate its leadership in the solar industry. These include India’s largest rooftop solar project, which demonstrates the company’s capabilities in deploying large-scale solar solutions. Tata Power Solar has also led projects like vertical solar farms and floating solar power projects, showing its inventive approach to maximize solar energy generation potential in a variety of settings.
Tata Power Solar Systems Limited continues to push the boundaries of solar technology and innovation because it wants to power a sustainable future with clean energy. The company remains at the forefront of India’s solar revolution with a steadfast commitment to excellence and a track record of success, leading the transition towards a greener and more sustainable energy source.
2. Adani Green Energy:
Adani Green Energy, a division of the renowned Adani Group, is a pillar of India’s solar energy market, demonstrating its dedication to excellence, sustainability, and innovation. Adani Solar, which was founded in 2015, has swiftly grown into the country’s largest vertically integrated manufacturer of solar cells and panels, pioneering advancements in solar technology and production processes.
Adani Solar has a remarkable 4 gigawatts of manufacturing capacity and is operating from its state-of-the-art manufacturing campus in Mundra, Gujarat. This facility is the company’s hub, where a wide range of premium solar modules is carefully designed to meet the changing demands of the renewable energy market.
Adani Solar is continuously expanding its manufacturing footprint in order to meet the growing demand for solar energy solutions. Actually, the company is building a large ecosystem with a planned capacity of 10 gigawatts for photovoltaic manufacturing. Adani Solar’s commitment to expanding its production capabilities and consolidating its position as a global leader in solar manufacturing is reflected in this strategic expansion.
Adani Green Energy is deeply invested in encouraging solar energy adoption in India and abroad, apart from its manufacturing capabilities. The company is leading the transition towards a sustainable energy future that uses clean, renewable power sources through strategic partnerships and innovative projects.
Adani Green Energy’s holistic solar energy approach includes manufacturing, project development, operation, and maintenance. The company utilizes its expertise and resources to actively develop and execute utility-scale solar projects. These projects contribute to India’s renewable energy targets and promote economic growth in local communities.
Adani Green Energy’s philosophy is based on a commitment to both environmental stewardship and social responsibility. Beyond making money, the company works to protect the environment, strengthen local communities, and have a positive social impact.
Adani Green Energy continues to push for new frontiers in solar energy with a constant focus on innovation, sustainability, and social responsibility. Adani Solar remains at the forefront of driving progress and shaping the future of renewable energy as India and the rest of the world fight climate change and shift to clean energy sources.
3. Vikram Solar:
Vikram Solar has a strong production capacity of 3.5 gigawatts by 2022, making it one of India’s leading solar panel manufacturers. The company, which was established in 2005, has quickly become a leader in the solar industry, motivated by a constant commitment to quality, advancement, and sustainability.
Vikram Solar, whose headquarters are located in Kolkata, operates state-of-the-art manufacturing facilities that display cutting-edge technology and engineering excellence. The company has earned a stellar reputation for its superior products and unwavering dedication to excellence by focusing on delivering high-performance solar panels tailored to meet the diverse needs of customers.
Vikram Solar doesn’t just make solar panels; it also does engineering, procurement, and construction (EPC) services, which gives end-to-end solutions for solar energy projects. The organization uses its technical knowledge and industry experience to provide turnkey solutions that optimize performance and efficiency from conceptualization to implementation.
Furthermore, Vikram Solar is committed to customer satisfaction by providing operations and maintenance services, which ensures solar installations’ long-term performance and reliability. The company protects the investments of its clients while maximizing the lifespan of solar assets by using a proactive approach to maintenance and a focus on continuous improvement.
Numerous achievements and milestones in the solar industry demonstrate Vikram Solar’s innovation legacy. The company is notably recognized as the first floating solar plant in India. This demonstrates its innovative spirit and commitment to pushing the boundaries of solar technology.
Beyond its technical capabilities, Vikram Solar is guided by a strong sense of corporate responsibility and sustainability. The company is committed to having a positive impact beyond its business goals through its efforts, which include environmental stewardship, social welfare, and community development.
Vikram Solar remains committed to driving the adoption of solar power through innovation, quality, and reliability as India and the world embrace renewable energy as a cornerstone of sustainable development. The company continues to shape the future of solar energy by empowering communities and advancing a cleaner, greener planet for generations to come with a proven track record of excellence and a forward-thinking approach.
4. Waaree Energies:
With 12 gigawatts of installed capacity, Waaree Energies is proud to be India’s leading manufacturer of solar panels. This Mumbai-based company has been at the forefront of India’s solar energy revolution since its inception in 1989, promoting sustainability and innovation in renewable energy.
Waaree Energies has established itself as a leader in the manufacture of solar panels due to its unwavering commitment to quality and technological advancement. It produces high-performance solar panels that provide dependable and efficient energy solutions through its state-of-the-art manufacturing facilities equipped with cutting-edge technology and adhering to stringent quality standards.
Waaree Energies offers a wide range of solar products for a variety of applications and customers’ needs in addition to solar panels. The company offers a wide range of solutions that harness the sun’s energy to meet energy demands in a variety of industries, including solar inverters, street lights, mobile chargers, and inventive solar bags.
Waaree Energies provides end-to-end solutions through its EPC (engineering, procurement, and construction) services. The company delivers turnkey solar energy projects from conceptualization to commissioning, ensuring seamless execution and optimal performance.
Waaree Energies is committed to sustainability beyond its products and services; it also takes into account its corporate values and operational practices. The company values environmental protection and social responsibility, uses sustainable production methods, and participates in positive community development programs.
Waaree Energies remains at the forefront of innovation and shapes the future of solar power as India accelerates its transition to renewable energy. The company continues to lead the charge towards a cleaner, greener, and more sustainable energy ecosystem with a proven track record of excellence, technological expertise, and a customer-centric approach.
5. RenewSys Solar:
RenewSys Solar, a division of the prestigious ENPEE Group, is a leading integrated manufacturer specializing in solar panels and other crucial components for solar energy systems. This Mumbai-based company, which was founded in 2011, has quickly become a leader in the renewable energy industry by using its expertise and cutting-edge technology to promote growth and sustainability.
RenewSys Solar’s core objective is to provide comprehensive solutions for solar energy generation. A variety of vital components, such as photovoltaic cells, encapsulants, and backsheets, are included in the company’s diverse product portfolio. These components are necessary for the efficient operation of solar panels and systems.
Advanced machinery and strict quality standards are maintained by RenewSys Solar’s state-of-the-art manufacturing facilities, which are strategically located in Hyderabad, Bangalore, and Patalganga. The company can produce high-quality solar panels and components with these facilities, which meet the demanding needs of the renewable energy market.
RenewSys Solar, an integrated manufacturer, guarantees the availability of all vital components required for solar energy projects, offering customers a seamless and dependable supply chain. Solar installations are easier to install with this integrated approach, which improves efficiency, lowers costs, and simplifies the purchase process.
RenewSys Solar places a strong emphasis on research and development in addition to manufacturing excellence, continuously innovating to enhance the performance and durability of its products. The company remains at the forefront of solar innovation through ongoing investments in technology and talent, driving advancements that contribute to the growth and sustainability of the solar energy industry.
RenewSys Solar’s commitment to sustainability extends beyond its products to its operational practices, corporate philosophy, and business philosophy. The company aims to reduce its environmental impact and have positive social impact in its communities by prioritizing environmental stewardship, energy efficiency, and social responsibility.
RenewSys Solar continues to play a critical role in advancing the adoption of solar power as the world embraces renewable energy as a critical solution to address climate change and energy security. The company is poised to shape the future of solar energy and contribute to a cleaner, greener planet for generations to come due to its unwavering dedication to quality, innovation, and sustainability.
6.Emmvee Solar:
Emmvee, which was founded in 1992, is a prominent manufacturer specializing in solar water heating systems and solar panels. It is a big part of the renewable energy landscape in India. Emmvee has earned a reputation for excellence in the solar energy industry thanks to its steadfast commitment to quality and innovation.
The company’s impressive module manufacturing capacity, which will reach 3 gigawatts by the end of 2023, demonstrates its manufacturing prowess. Emmvee produces high-performance solar panels that meet the evolving demands of the renewable energy market by using state-of-the-art technology and strict quality control procedures.
Emmvee is ready to grow more in the coming years thanks to its commitment to continuous improvement and expansion. The company intends to increase its manufacturing capacity to 5 gigawatts by 2024, showing its desire to expand its operations to meet the growing demand for solar energy solutions.
Emmvee, whose headquarters are in Bangalore, employs 650 employees in India and has sales offices in Germany, demonstrating its global reach and market presence. Throughout the company’s operations, this diverse team of experts combines expertise from a variety of fields to promote innovation, efficiency, and customer satisfaction.
Emmvee offers a wide range of solar solutions, including water heating systems and solar panels, for residential, commercial, and industrial applications. The company’s products have earned the trust of customers worldwide due to their focus on quality, reliability, and performance. This has contributed to the widespread adoption of solar power as a sustainable power source.
Emmvee is guided by principles of corporate responsibility and sustainability in addition to its commitment to product excellence. The organization prioritizes environmental stewardship, energy efficiency, and social welfare, and incorporates these values into its operations and business practices.
Emmvee remains at the forefront of innovation and leadership in the solar energy sector as the world moves towards renewable energy sources. The organization is ready to bring positive change and shape the future of solar energy for generations to come thanks to its robust manufacturing capabilities, commitment to quality, and global outlook.
7. Azure Power Solar:
Azure Power Solar, whose headquarters are in New Delhi, emerged as a pioneer in India’s solar industry in 2009 when it developed its first utility-scale solar project. Since then, the company has established itself as a leader in the industry through its unwavering commitment to excellence, innovation, and sustainability.
Azure Power Solar, with more than ten years of experience, has accumulated a remarkable operational capacity of more than 3 gigawatts, along with a remarkable portfolio of contracted and awarded capacity of 4.3 gigawatts. This significant capacity highlights the company’s significant contribution to India’s renewable energy landscape and its crucial role in leading the transition towards clean and sustainable power sources.
Azure Power Solar specializes in providing solar solutions tailored to individual utility requirements. The company provides comprehensive solar energy solutions that optimize efficiency, reliability, and cost-effectiveness. These allow clients to adopt renewable energy and reduce their carbon footprint by utilizing their knowledge and technological capabilities.
Azure Power Solar reached a significant milestone in 2016 when it became a publicly listed company and made its debut on the New York Stock Exchange. This important event not only confirmed the company’s market leadership but also provided a platform for further growth and expansion, allowing Azure Power Solar to enter capital markets and accelerating its goal of increasing global solar adoption.
Azure Power Solar is guided by a strong sense of corporate responsibility and environmental stewardship, apart from its commercial success. The company’s goals go beyond profit-making to promote sustainability, social welfare, and positive change in local communities.
Azure Power Solar remains at the forefront of renewable energy, leading the charge towards a cleaner, greener future as India and the rest of the world place renewable energy as a key solution to address climate change and energy security. The company continues to shape the trajectory of the solar energy industry and inspire positive change around the world thanks to its proven track record, innovative approach, and unwavering commitment to sustainability.
8. Jakson Solar:
Jakson, a prominent energy-focused conglomerate, has established a strong presence in the solar energy industry by supplying a wide range of solutions, including solar panels, inverters, and engineering services. Jakson is pushing for solar energy in India and beyond due to his commitment to innovation and sustainability.
Jakson’s state-of-the-art manufacturing facility in Noida, with an impressive annual production capacity of 1.2 gigawatts, is the core of its solar energy business. The company’s production of high-quality solar panels, which are well-known for their efficiency and reliability, is at the heart of its operations. Jakson aims to increase its manufacturing capacity to 3 gigawatts by 2025, according to its ambitious growth plans. यह उसकी प्रतिबद्धता है कि वह पूरा करेगा बढ़ते हुए solar power demand.
Jakson is not only a manufacturer of solar panels, but it also offers a wide range of products and services that are designed to meet the diverse needs of its customers. Solar inverters are part of the company’s wide range of products, which are crucial parts for converting solar energy into electricity. They ensure that solar energy systems are integrated and perform well.
साथ ही, Jakson offers end-to-end solutions through its engineering, procurement, and construction (EPC) services, which cater to both utility-grade and rooftop solar projects। The company provides turnkey solutions that include design, installation, and commissioning by utilizing its technical knowledge and industry experience. यह ensures that solar energy projects are successfully completed.
Jakson ensures solar installations’ long-term performance and reliability by providing operations and maintenance services beyond project implementation. The company protects the investments of its clients while maximizing the operational efficiency of solar energy systems through a proactive approach to maintenance with a focus on maximizing uptime.
Jakson’s commitment to sustainability goes beyond its products and services and covers its corporate values and operational practices as well. The company prioritizes social responsibility, environmental stewardship, and energy efficiency, and integrates these values into its business strategies and decision-making process.
Jakson remains at the forefront of innovation and leadership in the solar energy sector as India and the rest of the world embrace renewable energy as a critical solution to address climate change and energy security. The company is ready to bring positive change and shape the future of solar energy for generations to come thanks to its proven track record, technological expertise, and customer-centric approach.
9. Goldi Solar:
Goldi Solar, whose headquarters are in Surat, has grown into a leading player in the solar energy industry with a significant manufacturing capacity and a wide range of products and services. The company, which was founded in 2011, has grown quickly and has received praise for its commitment to quality, innovation, and sustainability.
Goldi Solar’s state-of-the-art manufacturing infrastructure, strategically located in Navsari and Pipodara, is at the core of its operations. A module manufacturing facility with 2 gigawatts of capacity is located on the company’s 22 acre campus in Navsari, which highlights its size and ability to make high-quality solar panels. Additionally, Goldi Solar is operating a 500 megawatts additional capacity facility in Pipodara. This enhances its manufacturing capabilities and gives it the ability to satisfy the growing demand for solar energy solutions.
Goldi Solar not only manufactures solar modules, but also offers a wide range of products and services to meet the diverse needs of its customers. The company makes inverters, which are crucial parts for converting solar energy into electricity. These inverters guarantee seamless integration and optimal performance of solar energy systems. Moreover, Goldi Solar offers end-to-end solutions for solar energy projects, from design and installation to commissioning and maintenance.
Goldi Solar has ambitious plans for growth and diversification, motivated by its commitment to continuous improvement and innovation. By the fiscal year 2023–2024, the company wants to start producing solar cells, further strengthening its position as a vertically integrated player in the solar energy value chain. This strategic move highlights Goldi Solar’s goal to boost India’s renewable energy sector’s self-reliance and innovation while stimulating economic growth and creating more jobs.
Goldi Solar’s commitment to sustainability extends beyond its manufacturing operations to its corporate culture and values. The company values social responsibility, environmental stewardship, and energy efficiency and incorporates these values in its business practices and decision-making process.
Goldi Solar remains at the forefront of innovation and leadership in solar energy sector as India and the rest of the world move towards renewable energy sources. The company is poised to shape the future of solar energy and contribute to a cleaner, greener planet for generations to come thanks to its proven track record, robust manufacturing capabilities, and forward-thinking approach.
10. Loom Solar:
Loom Solar, which was founded in 2018, was motivated by a commitment to quality, innovation, and sustainability, and has quickly grown into a prominent player in the solar industry. The company, which has its headquarters in Faridabad, Haryana, has established itself as a dynamic player in the renewable energy industry by utilizing its knowledge and capabilities to meet the evolving needs of its customers.
Loom Solar has grown a lot despite its short time. The company has 150 employees who are dedicated to working together to promote innovation and excellence across its operations. Loom Solar also operates five strategically located facilities to meet the growing demand for solar energy solutions.
Loom Solar’s state-of-the-art manufacturing facility, which is equipped with advanced technology and complies with stringent quality standards, is at the heart of its operations। Solar panels, inverters, and lithium batteries are the company’s solar products. These products are designed to provide reliable and efficient energy solutions for both off-grid and hybrid solar systems, giving customers the ability to utilize sun power to meet their energy needs.
Loom Solar’s commitment to innovation extends beyond product manufacturing to include research and development initiatives aimed at driving technological advancements in the solar energy sector. The company aims to break the boundaries of solar energy efficiency, reliability, and affordability through continuous innovation and investment in cutting-edge technology.
Loom Solar manufactures solar products but also offers customers a wide range of solutions and services. The company provides installation services that guarantee optimal performance and seamless integration of solar energy systems. Furthermore, Loom Solar allows customers to maximize the lifespan and efficiency of their solar installations by offering ongoing support and maintenance services.
Loom Solar’s business practices and corporate culture show its commitment to sustainability. The company aims to reduce its environmental impact and have positive social impact in its communities by prioritizing environmental stewardship, energy efficiency, and social responsibility.
Loom Solar remains committed to driving the adoption of solar energy solutions and contributing to a sustainable future as the global demand for renewable energy continues to grow. The company is poised to shape the future of solar energy by offering innovative products, a customer-centric approach, and a commitment to excellence. They will also empower communities and individuals around the world to adopt clean and sustainable energy sources.
Top solar companies in india listed in stock market:
India’s government has started to understand the importance of solar energy, which has accelerated share prices in the industry. Thus, take a look at the list of the best solar energy stocks in India. In India, these are the best-ranked solar penny stocks or renewable energy stocks:
Company Name
|
Sub-Sector
|
Market Cap
|
5y, Avg Return
|
---|---|---|---|
KP ENERGY Ltd | Renewable Energy | ₹2,280.13 | 17.23 |
BF Utilities Ltd | Renewable Energy | ₹2,727.51 | 14.26 |
Zodiac Energy Ltd | Renewable Energy Equipment | ₹545.39 | 12.38 |
Adani Power Ltd | Power Generation | ₹2,04,186.35 | 11.20 |
KPI Global Infrastructure Ltd | Renewable Energy | ₹9,195.21 | 11.18 |
CESC Ltd | Power Generation | ₹15,257.32 | 10.75 |
SJVN Ltd | Renewable Energy | ₹48,591.92 | 9.84 |
KKV Agro Powers Limited | Renewable Energy | ₹66.62 | 8.78 |
JSW Energy Ltd | Power Generation | ₹81,304.29 | 8.13 |
Orient Green Power Company Ltd | Renewable Energy | ₹1,927.12 | 7.84 |
FAQ’s –Questions Ans. GK PM Modi:
Here are some quiz questions and answers based on the article:
- Q: When was Tata Power Solar Systems Limited established?
Answer: Tata Power Solar Systems Limited was established in 1989.
- Q: Which company claims to be the leading integrated solar company in India?
Answer: Tata Power Solar Systems Limited claims to be the leading integrated solar company in India.
- Q: Where is Adani Solar’s state-of-the-art manufacturing campus located?
Answer: Adani Solar’s state-of-the-art manufacturing campus is located in Mundra, Gujarat.
- Q: Which company was recognized for deploying India’s largest rooftop solar project?
Answer: Tata Power Solar Systems Limited was recognized for deploying India’s largest rooftop solar project.
- Q: What is Vikram Solar’s production capacity?
Answer: Vikram Solar has a production capacity of 3.5 gigawatts.
- Q: Which company claims to be India’s largest manufacturer of solar panels with 12 gigawatts of installed capacity?
Answer: Waaree Energies claims to be India’s largest manufacturer of solar panels with 12 gigawatts of installed capacity.
- Q: What is one of the unique products offered by Waaree Energies, apart from solar panels?
Answer: Apart from solar panels, Waaree Energies offers inventive solar bags.
- Q: Where is Vikram Solar headquartered?
Answer: Vikram Solar is headquartered in Kolkata.
- Q: Which company specializes in providing rooftop solar panels?
Answer: Tata Power Solar Systems Limited specializes in providing rooftop solar panels.
- Q: Which company is known for leading projects like vertical solar farms and floating solar power projects?
Answer: Tata Power Solar Systems Limited is known for leading projects like vertical solar farms and floating solar power projects.
- Q: When was RenewSys Solar founded?
Answer: RenewSys Solar was founded in 2011.
- Q: Where are RenewSys Solar’s state-of-the-art manufacturing facilities located?
Answer: RenewSys Solar’s state-of-the-art manufacturing facilities are strategically located in Hyderabad, Bangalore, and Patalganga.
- Q: What is Emmvee Solar’s projected manufacturing capacity by the end of 2023?
Answer: Emmvee Solar’s projected manufacturing capacity by the end of 2023 is 3 gigawatts.
- Q: Where is Azure Power Solar headquartered?
Answer: Azure Power Solar is headquartered in New Delhi.
- Q: What is Jakson Solar’s current annual production capacity?
Answer: Jakson Solar’s current annual production capacity is 1.2 gigawatts.
- Q: Where is Goldi Solar headquartered?
Answer: Goldi Solar is headquartered in Surat.
- Q: How many homes has Loom Solar powered, according to The Economic Times?
Answer: Loom Solar has powered 50,000 homes, according to The Economic Times.
- Q: How many facilities does Loom Solar operate?
Answer: Loom Solar operates five strategically located facilities.
- Q: What is one of the products offered by RenewSys Solar?
Answer: One of the products offered by RenewSys Solar is photovoltaic cells.
- Q: What is one of the services offered by Emmvee Solar?
Answer: One of the services offered by Emmvee Solar is engineering, procurement, and construction (EPC) services.
- Q: Which company specializes in solar water heating systems and solar panels?
Answer: Emmvee Solar specializes in solar water heating systems and solar panels.
- Q: Where is Goldi Solar’s state-of-the-art manufacturing infrastructure located?
Answer: Goldi Solar’s state-of-the-art manufacturing infrastructure is strategically located in Navsari and Pipodara.
- Q: What is the projected manufacturing capacity of Jakson Solar by 2025?
Answer: Jakson Solar aims to increase its manufacturing capacity to 3 gigawatts by 2025.
- Q: What is one of the renewable energy solutions offered by Azure Power Solar?
Answer: Azure Power Solar offers utility-scale solar projects as one of its renewable energy solutions.
- Q: How many employees does Loom Solar have?
Answer: Loom Solar has 150 employees.
- Q: Apart from solar panels, what other product does RenewSys Solar offer?
Answer: Apart from solar panels, RenewSys Solar offers encapsulants and backsheets.
- Q: What is one of the services offered by Jakson Solar?
Answer: Jakson Solar offers engineering, procurement, and construction (EPC) services.
- Q: Where is Loom Solar headquartered?
Answer: Loom Solar is headquartered in Faridabad, Haryana.
- Q: What milestone did Loom Solar achieve, as reported by The Economic Times?
Answer: Loom Solar achieved the milestone of powering 50,000 homes, as reported by The Economic Times.
- Q: What is one of the goals of Goldi Solar for the fiscal year 2023–2024?
Answer: One of the goals of Goldi Solar for the fiscal year 2023–2024 is to start producing solar cells.