BEST SOLAR COMPANIES IN INDIA IN 2024
Did you know... the solar energy that can be produced in India in a single year is more than the possible energy output of all the fossil fuel energy reserves in India combined.
The contribution of solar energy to electric generation in India went from 0.5% in 2015 to 5.8% in 2023. Installing solar panels is both a commitment to the environment and a significant investment that requires careful consideration. Hence when choosing the right company for your solar needs you need to make sure it is efficient, reliable as well as reasonable. Here is the list of the best solar companies in India that are paving the way for a sustainable and green future.
List of top Indian solar power companies
Hailing from the esteemed Tata group, Tata Power Solar has been a leading company in India and globally for over 3 decades. Since its establishment in 1989, it has provided solar solutions for residences, industries, commercial spaces, and institutions. The company boasts in-house production capabilities of 635 MW for modules and 500 MW for cell manufacturing, along with a substantial capacity base of 528 MW. Tata Power Solar stands out with its exceptional corporate image and diverse product portfolio, marking it as one of the top solar companies in India.
It ranks among the top 15 utility solar power panel manufacturers globally. Established in 2016 with a 4 GW manufacturing capacity, it is located in Mundra and is one of the world’s first fully integrated and comprehensive ecosystems for 10 GW of PV manufacturing in India. Adani Solar is the 1st and largest vertically integrated Solar PV cell and modules manufacturer with 4 GW manufacturing capacity. The company's growth strategy involves planning, developing, managing, and maintaining grid-connected farm projects. Adani Solar aims to create a 10 GW solar manufacturing unit in India.
Founded by Mr Ganesh Chowdary in 2006, Vikram Solar Ltd is renowned as the first solar company in India to commission a floating solar plant of 10 kW. With a strong global presence, it stands as one of India’s largest solar companies and operates in 32 other countries. The company caters to both commercial and residential sectors, boasting an annual manufacturing capacity of 3.5 kW for solar plants and offering comprehensive O&M services. Their expertise encompasses the entire solar project lifecycle, from concept engineering and execution to commissioning and maintenance of complete solar array systems.
Established in 1989, Wally Energies is a Mumbai-based solar company with a presence in over 360 locations in India and 68 countries worldwide. It is the first solar company to have an in-house NABL Lab facility. The company offers comprehensive 360° services related to solar energy and has a manufacturing capacity of over 12 GW. Recognized for its efforts in residential and commercial solar operations, Wally Energies earned the title of India's Greatest Brand in 2019-2020.
Established in 2011 in Gujarat, Goldie Solar has experienced remarkable growth, expanding from 10 MW to 500 MW in just 10 years. With an annual capability of 2.5 GW, the company has a presence in over 20 countries. Goldie Solar supplies top companies in India, such as Reliance and BHEL, and has a PV module manufacturing capacity of 3 GW. The solar company plans to expand their module manufacturing capacity to 6 GW and cell manufacturing to 5 GW by 2025.
RenewSys is a leading global provider of solar energy modules, with a presence in over 40 countries. Established in 2011, it produces solar PV cells, back sheets, and encapsulants, boasting a manufacturing capacity of 2.75 gigawatts. The company operates three manufacturing plants located in Hyderabad, Bangalore, and Patalganga, and is a division of the ENPEE Group. RenewSys prioritizes the premium quality of its products, consistently maintaining high efficiency throughout its operations.
Satvik Green Energy Private Limited
Established in 2015 in Haryana, Saathi Green Energy Private Limited is a prominent solar company in India. With a manufacturing plant in Ambala, it boasts an annual production capacity of 3 GW. Satvik Solar offers comprehensive solutions through its engineering, procurement, and construction (EPC) division, providing reliable solutions to meet the needs of the growing industry. The company has established a presence in over 10 countries.
Headquartered in Bangalore, Emmvee Solar Systems was established in 2007 and has a production capacity of 500 MW. Known for its high-quality and reasonably priced solar energy systems, Emvvee caters to both residential and commercial spaces. The company has a significant presence in several regions, including Europe, Africa, and the Middle East. The company has extensive expertise in specializing in large-scale projects.
Based in Faridabad, Haryana, Loom Solar was
established in 2018 and has quickly become one of India's popular solar
companies. Specializing in mono PERC solar panels and lithium batteries, they
offer a wide range of solar panels from 10 W to 450 W. With over 3,500 resellers
in more than 500 districts across India, Loom Solar has an annual manufacturing
capacity of 100 megawatts. The company has expanded rapidly and is recognized
as the top producer of mono panels in India.
India Stepping Closer to a Sustainable Future
As the world faces a pressing need for sustainable development, India is making bold and big moves by setting up targets that show its commitment towards addressing environmental challenges. Some of the key initiatives include:
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500 GW of renewable energy
installed capacity by 2030.
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Approval of 50 solar parks with a
total capacity of 37.49 GW.
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Aiming for 30 GW of offshore wind
energy by 2030, with potential sites already identified.
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Reduce the carbon intensity of the
nation by less than 45% by the end of the decade.
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Achieve 50% cumulative electric
power installed by 2030 from renewable sources.
? Reach net-zero carbon emissions by 2070.
India is standing tall and proud, positioning itself as a leader in the global fight against climate change. These are not merely targets to be fulfilled, but a deep commitment and a strategic approach to build a safe and sustainable future for the coming generations.
Wrapping up,
As of 31 May 2024, India’s solar power capacity is 84.28 gigawatts and is the third largest producer of solar energy worldwide. The country is gradually recognizing the potential of solar energy and beginning to make the switch due to its numerous benefits. The rapid advancement of technology in the country has resulted in the establishment of numerous solar companies, with people increasingly recognizing the importance of solar energy and being ready to shift from conventional sources. The efforts of the government to promote the switch to solar energy have also been instrumental in the upbringing of many solar companies in India. These companies are helping the country tap into the power of the sun and contribute to a greener world for future generations.