Top 10 Solar Companies in India
India is one of the ten nations that enthusiastically uses solar energy. The nation has set an ambitious goal of installing 175 GW of renewable energy by 2022 and has been moving quickly toward alternative energy sources like wind and solar.
With one of the fastest-growing economies in the world, India's rapid commercialization has negatively influenced the environment. The only way to make India cleaner and more environmentally friendly is to use alternative energy sources like wind and solar.
India's top 10 solar businesses control the industry by spreading their sales across the country and making significant investments in R&D to develop new technological improvements. Solar energy is one of the contributors to economic growth that is expanding the fastest.
Additionally, given that India is located in the tropics, there are several potentials for the country's solar energy industry to flourish quickly. The nation receives more than 5000 trillion kWh of sunlight annually, which may provide vast amounts of power if used by Indian solar firms. Many solar companies in India provide low-cost alternatives to regular power, but only ten stand out. The top 10 solar companies in India as of 2022 are shown below.
1. Tata Power Solar Systems Limited:
One of the first solar enterprises to be established in India was Tata Power Solar Systems Limited, established in 1989. Solar cells and modules may be manufactured by Tata Power at a capacity of 1,100 MW.
They control a substantial portion of the home and commercial solar markets. Tata Power Solar Systems Limited provides various products, including RO systems, water pumps, on-grid solar systems, and off-grid solar systems. With a 5.6 percent market share, Tata Power Solar is one of the top businesses in the EPC solar system sector. Tata Power's total capacity for renewable energy in India is 2,628 MW.
2. Vikram Solar Limited:
In 2006, Mr. Gyanesh Chaudhary founded Vikram Solar. India's second-largest solar Company is Vikram Solar. Complete EPC solutions, as well as module manufacturing, are offered by Vikram Solar Pvt Ltd. It has also created a global presence.
Vikram Solar Limited company's main product is solar PV modules, but it also offers management and maintenance services for solar power plants, along with engineering, procurement, and construction services. It belongs to the Vikram Group's division. The Company created the first floating solar power station in India in 2015. One of India's top ten solar energy companies is Vikram Solar Ltd.
3. Waaree Energies Limited:
Waaree Energies Limited started operating in 1989. They have marketed solar-related products in more than 68 different nations. Waaree Energies can produce solar panels in quantities of up to two gigatonnes.
They received the title of India's Greatest Brand 2019-20 for their presence in residential and commercial solar industries. They produce various renewable energy products, including solar inverters, batteries, water pumps, and PV modules.
4. Adani Green Energy Limited:
One of India's leading energy companies, the Adani Group, includes Adani Solar. One of India's major renewable energy companies, Adani Green Energy Limited (AGEL), currently has a 13,990 MW project portfolio. The Company's solar section produces PV modules and EPC solutions.
Mundra is home to Adani Solar's largest solar manufacturing factory (1.5W). By the Group's "Growth Right" idea, the Company plans, develops, possesses, manages, and maintains grid-connected farm projects. The power generated is provided by state-owned companies and intergovernmental organizations.
5. EMMVEE Photovoltaic Power Pvt Ltd:
Manufacturer of solar components in Bengaluru is where you can find EMMVEE. It is renowned for creating and supplying high-quality, reasonably priced solar goods to retail and commercial customers, including solar panels (PV), solar water heaters, and power hubs. It was established in 2007 as a center for developing highly effective photovoltaic (PV) modules and systems.
EMMVEE has a lot of expertise in developing large projects. EMMVEE is also present in Europe, Africa, the Middle East, and India. In addition, EMMVEE is in charge of installing and supplying 14 MW of solar PV projects in North Germany, 13 MW of rooftop, and 140+ MW of ground-mounted installations in India. With the release of 1 module in 2018, EMMVEE broke a record.
6. RenewSys India Private Limited:
ENPEE Group, a multinational corporation, has a subsidiary called RenewSys India Private Limited. They are accessible in more than 40 nations worldwide. Their three factories in Bangalore, Hyderabad, and Patalganga have a combined manufacturing capacity of more than 7 GW.
RenewSys is the first integrated solar Company in India. RenewSys is a reputable integrated provider of Solar PV Modules/Panels and their essential parts, including Backsheets, Solar PV Cells, and Encapsulants (EVA & POE).
7. Loom Solar:
Loom Solar, an Indian solar start-up founded in 2018, is one of the country's fastest-growing producers of solar panels. After only a few years, the Company has expanded significantly. Thanks to a 3500 distributors and dealers network, it supplies solar products to thousands of retail and business customers across more than 500 Indian districts. The top producer of mono panels in India has been identified as Loom Solar.
The Company focuses on providing for the rising demand in India's residential and commercial rooftop industries. The Company is capable of producing 100 MW. The Company also distributes solar panel supports, cables, charge controllers, street lights, solar panels, and lithium batteries.
8. Goldi Solar:
Goldi Solar Private Limited is a popular solar company in India. Goldi Solar, originally from India, has made significant progress in India and the solar industry. Goldi Solar is one of India's most recognized solar enterprises, with over 10,000 rooftop solar systems and 200 MW of solar panels installed. They have a significant presence in more than 20 nations, including the USA, the UAE, Turkey, Italy, and Greece. They provide services to some of India's top companies, such as Reliance and BHEL.
9. Premier Solar PowerTech Private Limited:
Premier Solar PowerTech Private Limited is one of India's top 10 solar companies. The business, formerly Premier Solar, provides end-to-end services for solar energy centers worldwide, including engineering, procurement, and construction of solar cells and modules (EPC).
They can create solar cells at a rate of more than 750 MW. Since its establishment in 1995, they have expanded to 30 nations across Europe, Asia, and Africa. They have implemented trustworthy solar energy systems in 300 communities and sold more than 1.5 GW of solar modules internationally.
10. Sova Solar:
Having been established in 2008, Sova Solar Limited has developed into one of the leading solar businesses in India due to its commitment to providing green energy. They have a solid reputation in the solar business and provide both on-grid and off-grid solar systems. Sova Solar Limited focuses on Silicon Crystalline-based products developed using cutting-edge technology to address the global need for Renewable Green Energy Sources.
Sova Solar provides a variety of products and services, including solar streetlights and industrial solar equipment. They are connected to the Indian Institute of Technology, Science, and Engineering.
We may look to these groups as India works to achieve the following sustainable energy goal to help the renewable energy industry advance into the twenty-first century. The nation will move toward a better future as a result of the Indian government's commitment to renewable energy and the reasonably priced, warranty-backed technology provided by these Indian solar businesses.