The number of solar panel companies has increased a lot over the past few years. This article discusses some of the most famous solar panel companies in India.
The world is moving at an accelerated pace. With the adaptation of renewable sources of energy, the solar power sector has started thriving. Solar panel companies in India also do not lack in the race. For a greener and better future, many individuals have emerged as businesspersons. To learn more about the top 10 solar panel companies in India in 2024, keep reading.
Best 10 solar panel companies in India
Many companies in the country have entered the solar panel market. Some of the most popular ones are listed below.
1. Adani Solar
- Founded in: 2015
A division of the Adani group, Adani Solar claims to be the “only Indian tier-1 solar manufacturer.” Notably, the company has been our country’s first and largest vertically integrated Solar PV cell and module manufacturer. Several experts believe it to be a crucial company in the industrial revolution within India. The company is responsible for the production of solar modules in numerous categories. Its 800-acre campus in Gujarat plays a crucial role in “building the world’s 1st ever fully integrated & comprehensive solar manufacturing ecosystem of 10 GW.”
2. Tata Power Solar
- Founded in: 1989
It is an Indian company that works in the sector of solar energy services. Notably, they produce solar modules, solar cells, and other solar products such as rooftop solar panels and solar water pumps. With an overall shipment of over 3 gigawatts of solar modules worldwide, Tata Power Solar is India’s largest integrated solar company. By winning the trust and market share for over three decades, the company has built a strong reputation in the market. Interestingly, they are also the name behind India’s largest rooftop solar project, vertical solar farm, and floating solar power project.
3. Vikram Solar
- Founded in: 2006
Vikram Solar Limited, by capacity, is said to be one of the largest solar panel manufacturers in India. It is based in the ‘City of Joy,’ Kolkata. With an annual module manufacturing capacity of 3.5 GW, Vikram Solar focuses the most on innovation and sustainability. The various kinds of services it offers include solar products, including solar panels, solar modules, and solar EPC solutions. It has a wide presence across more than 30 countries. Furthermore, it has many firsts to its name, such as being the first floating solar plant in India.
4. Waaree Energies
- Founded in: 1989
An Indian-origin company, Waaree Energies, is the first company in the country to have an in-house NABL Lab Facility. It is headquartered in Mumbai and provides EPC services, project development, solar water pumps, solar rooftop solutions, independent powerhouses, and more. It also has hundreds of franchises in India and claims itself to be the ‘most bankable solar brand in India.’
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5. RenewSys
- Founded in: 2011
Another company on our list is RenewSys. It is a leading manufacturer of solar panels and renewable energy materials. The headquarters of the company is situated in Mumbai, Maharashtra. RenewSys has its services spread over 40 countries across the globe. This way, they have their reach not only limited to India but have become a global giant. They manufacture numerous solar products, which include photovoltaic modules, encapsulants, and backsheets.
6. Emmvee Solar Systems
- Founded in: 1992
By the end of 2023, Emmvee Solar Systems reported a module manufacturing capacity of 3 gigawatts. Not only this, the company expressed its desire to make it 5 gigawatts by this year. It is an Indian company, based in Bangalore, Karnataka. The main idea behind Emmvee is to promote sustainability and use innovative technologies to their best. One of the best things about this company is that it does not compromise on the quality of its products, despite its large and rapid production process.
7. Jakson Solar
- Founded in: 1947
This is a subsidiary of the Jakson Group, a conglomerate in the energy sector of India. Some of their offerings include solar panels and solar inverters. Moreover, the company aims to expand its solar manufacturing plan and have a production capacity of 3 gigawatts by 2025. The driving force behind Jakson Solar’s operations is its commitment to protecting the earth and building a sustainable environment for the next generations.
8. Premier Energies
- Founded in: 1995
With a production capacity of 3.4 gigawatts, Premier Energies is a leading solar EPC company. Not only this, they plan to expand their manufacturing capacity to 5 GW in the near future. The Telangana-based company also provides engineering and construction services for installing solar plans. Nonetheless, Premier Energies is one of the leading global Indian companies.
9. Saatvik Solar
- Founded in: 2015
Like other solar panel companies in India, Saatvik Solar also has a yearly 3 GW capacity per month. Its state-of-the-art manufacturing facility, located in the Ambala city of Haryana, makes it one of the leading manufacturers in the industry. Meanwhile, this company highly focuses on the quality of its offerings. It also has certificates from some of the most prestigious inspection companies such as Bureau Veritas, UL, and TUV Rhineland.
10. Loom Solar
- Founded in: 2018
As an expert in mono-perc solar panels and lithium batteries, Faridabad-based Loom Solar is one of India’s leading companies in this sector. Termed the fastest-growing solar panel manufacturer, Loom Solar currently deals in over 500 districts in the country. It provides solar panels in order to develop a greener future and has an annual module manufacturing capacity of 100 MW. In addition, it is a rapidly growing startup recognized by the government of India.
Conclusion
With so many industrialists entering the market of solar energy, it is expected that our country might be near a greener and better future. These top 10 solar panel companies in India are just a few in the vast market. We hope that this article sums up the details about these companies, and inspires you to try this technology, as there has not been a better time to install solar panels.
