The solar power business is India’s one of the fastest-growing sectors whose market is dominated by the top ten solar companies in India. these companies are continuously expanding their sales across the country as well as investing a great amount in R&D for technical breakthroughs. One of India’s greatest reasons behind the rapid growth in solar energy is the country’s geographical location in the tropics. The nation receives more than 5000 trillion kWh of radiation per year, which, if captured by Indian solar enterprises, will produce a sizeable amount of electricity.
In this article, we will discuss the top 10 solar company in India and their details.
Top 10 Solar Companies in India 2023
1. Tata Power Solar System Limited
Founded in the year 1989, Tata Power Solar Systems Limited is one of the top and earliest solar companies in India. This company has established a large position in the residential and commercial market as well as has the capacity to produce 1,100 MW of solar cells and modules. The company offers various goods in this sector including on-grid and off-grid solar systems, water pumps, and solar RO systems. Tata Power has a total renewable capacity of 2,628 MW as well as known as one of the leading companies in the EPC solar system industry with a 5.6 percent market share.
2. Vikram Solar Limited
In India, Vikram Solar Limited is ranked as the second-largest solar enterprise. Mr. Gyanesh Chaudhary established this business in 2006, and it provides entire EPC solutions in addition to module production. By providing a range of services and goods, such as solar PV modules, engineering, procurement, management and maintenance of solar power plants, and construction services, Vikram Solar has created a global presence. In 2015, this business—a division of the Vikram Group—built India’s first floating solar generating station.
3. Waaree Energies Limited
Launched in the year 1989, Waaree Energies Limited currently have sold solar equipment in more than 68 countries worldwide. The company was named India’s greatest brand in 2019-20 due to its strong presence in both household and commercial solar markets. The company has the capacity of producing two gigatonnes of solar panels. Currently, they are making many products in the sector of sustainable energy items including solar inverters, solar batteries, water pumps, and PV modules.
4. Adani Green Energy Limited
Known as one of India’s largest energy corporations, Adani Solar is a division of the Adani Group. The company has established a strong name in the top renewable energy firms and has a current project portfolio of 13,990 MW. The main working and operations of the company are to produce PV modules and EPC solutions. Adani Solar’s largest solar production facility (1.5W) is located in Mundra. According to the Group’s “Growth Right” principle, the Company develops, constructs, owns, operates, and maintains grid-connected farm projects. The energy produced is provided by intergovernmental organizations and state-owned businesses.
5. EMMVEE Photovoltaic Power Pvt Ltd
EMMVEE is a leading solar component manufacturer based in Bengaluru known for manufacturing and offering low-cost, high-quality solar goods including solar panels PV, Solar water heaters, and power hubs. Founded in 2007, this company is known as a research and development facility for highly efficient photovoltaic PV modules and systems. Apart from India, this company has established a great presence in Europe, Africa, and The Middle East due to its extensive expertise in big project development. In addition, EMMVEE is in charge of installing and supplying 14 MW of solar PV projects in North Germany, as well as 13 MW of rooftop and 140+ MW of ground-mounted installations in India. With the release of 1 GW module in 2018, EMMVEE broke a record.
6. RenewSYS India Private Limited
Having a global presence in more than 40 nations, RenewSys India Pvt Ltd is a subsidiary of the worldwide conglomerate ENPEE Group. They have three plants each in Bangalore, Hyderabad, and Patalganga with a total production capacity of 7GW. RenewSys is India’s only integrated solar manufacturer which is a globally-renowned integrated manufacturer of Solar PV modules/panels and their primary components such as Encapsulants (EVA & POE), back sheets, and Solar PV Cells.
7. Loom Solar
Founded in 2018, Loom Solar is an Indian Solar Start-up that is growing rapidly to become one of the fastest-growing solar panel producers in India. the company has been named the leading mono-panel manufacturer in India which has distributed solar goods to thousands of retail and commercial clients in more than 500 districts of India via a network of 3500 resellers and dealers. With a production capacity of 100 MW, this firm specializes in meeting the expanding demand in India’s residential and commercial rooftop sectors.
8. Goldi Solar
A well-known solar business in India is Goldi Solar Private Limited. India-born Goldi Solar has made significant advancements in both India and the solar industry. They are one of India’s most well-known solar firms thanks to their completion of over 200 MW of solar panel installations and over 10,000 rooftop installations. They have a significant presence in more than 20 nations, including the USA, the UAE, Turkey, Italy, and Greece.
9. Premier Solar PowerTech Private Limited
One of the top ten solar companies in India is Premier Solar PowerTech Private Limited. The company, formerly known as Premier Solar, offers complete solutions for solar energy centers around the world, from solar cells and modules to engineering, procurement, and construction (EPC). They are able to create solar cells at a rate of more than 750 MW.
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10. Sova Solar
Due to its commitment to supplying sustainable energy, Sova Solar Limited, which was established in 2008, has grown to become one of the top solar businesses in India. They have a solid reputation in the solar industry and currently provide on-grid and off-grid solar systems. In order to meet the global need for renewable green energy sources, Sova Solar Limited concentrates on Silicon Crystalline-based products created with cutting-edge technologies.
Conclusion
We can look to these organizations to help the renewable energy industry enter the twenty-first century as India works towards the next sustainable energy goal. The nation will move toward a better future thanks to the Indian government’s dedication to renewable energy and the low-cost, warranty-backed technology provided by these Indian solar enterprises.
