Top 10 Solar Panel Manufacturers in India

Here you can see the List of Top 10 Solar Panel Manufacturers in India.

India is a prominent solar power generating nation, its solar capacity having grown dramatically in the past few years. The National Solar Mission intends to enhance India’s renewable energy capacity to 225GW by 2022 and 500GW by 2030. The Indian rooftop solar market is estimated to grow 25% compounded for five years.

India installed 1,700 MW solar capacity in 2021; the residential segment accounted for 35%, followed by the commercial
segment (33%), industrial segment ((26%) and government segment (6%).

List of Top 10 Solar Manufacturers [Companies] in India

1. ADANI SOLAR

Adani Solar is the Solar PV manufacturing and EPC arm of Adani Group, one of India’s largest business conglomerate with Resources. Logistics, Energy, Agri and ancillary industries.

Adani Solar is India’s first and largest vertically integrated solar company that offer products along with services across the spectrum of photovoltaics manufacturing. The Company presence in the solar manufacturing sector contributes to India’s climate goals and bolsters its vision of embracing a healthier energy mix.

• Projects over 250 MW commissioned
• Over 400 MW under execution
• Fastest growing rooftop and distributed solar EPC Company.

The cutting-edge technology, with machines and equipments sourced from the best in class suppliers, aim to help in cost leadership, scale of operations and reliability standards as per global benchmarks. Adani Solar is now expanding to 3.5 GW of annual production capacity, making it in top 15 global solar manufacturers.

India’s largest Solar PV cell and modules manufacturer with capacity of 1.5 GW at Mundra, Gujarat in India.

2. VIKRAM SOLAR LIMITED

Vikram Solar Limited (formerly known as Vikram Solar Pvt. Ltd.) is a globally recognized leading solar energy solutions provider, specializing in high efficiency PV module manufacturing and comprehensive EPC solutions.

• HIGH EFFICIENCY MODULES 2.4GW+ shipped globally
• COMPLETE O&M SERVICES Servicing 660MW+ projects

With an international presence across 6 continents, and active contributor in shaping the solar revolution. Vikram Solar’s rated annual PV Module manufacturing capacity has been upgraded to 1 GW mark in 2017.

• 1.2 GW ANNUAL PRODUCTION CAPACITY
• 1355 MW*+ OF SOLAR PROJECTS IN INDIA AND ABROAD

Carrying forward the rich legacy and extensive manufacturing experience of the Vikram Group, Vikram Solar Limited has been building on success story of over 4 decades, since 2006.

Vikram Solar Limited takes pride in its track record of installing & commissioning more than 1355 MW+ of solar projects across India. Includes ongoing (Ground mounted & Rooftop), May 2020

3. WAAREE ENERGIES LTD

Waaree Energies Ltd. is the flagship company of Waaree Group, founded in 1989 with headquarters in Mumbai, India. It has India’s largest Solar PV Module manufacturing capacity of 2 GW’s at its plants in Surat and Umbergaon in Gujarat.

Waaree Energies is amongst the top player in India in providing EPC services, project development, rooftop solutions, and solar water pumps and also as an Independent Power Producer. Waaree has its presence in over 350 locations nationally and 68 countries internationally.

• #1 Indian Solar Panel Manufacturer
• 2 GW India’s Largest Solar Panel Manufacturer

Waaree Energies has India’s largest Solar PV Module manufacturing capacity of 2 GW’s at its plant in Gujarat; enabling to deliver high-quality affordable solar products to our customers. Avant-garde automated production facility offers mono & poly crystalline PV Modules ranging from 3Wp to 450Wp for various on-grid and off-grid applications across India and exported globally.

4. RENEWSYS SOLAR

RenewSys is the first integrated manufacturer of Solar PV Modules and its key components – Encapsulants (EVA & POE), Backsheets and Solar PV Cells.

RenewSys is the renewable energy arm of the ENPEE Group, a diversified global conglomerate with a heritage of nearly 60 years of manufacturing excellence.

RenewSys has two manufacturing facilities in India:

• Hyderabad – Solar PV Modules – 750 MW, Solar PV Cells – 130 MW
• Bengaluru – EVA and POE – 1.4 GW; Backsheets – 3 GW

Supplying to over 40 countries worldwide, RenewSys has its presence across India, Mauritius, Nigeria, South Africa, Singapore, UAE, China, and representative offices in Europe, USA, and Mexico; and an evolving distributor network.

5. TATA POWER SOLAR

Tata Power Solar, India’s most trusted and dependable rooftop solutions provider. India’s leading integrated solar player, excelling across the solar value chain right from the manufacturing of cell/modules and solar products to executing rooftop and utility-scale solar projects.

The Company is pioneers in India’s rooftop domain for more than 30 years, having commissioned first solar installation in 1991 and an installed base of more than 425 MW of rooftop systems today.

• 425 MW++ OF CUMULATIVE SOLAR ROOFTOP
• INDIA’S LARGEST SOLAR CARPORT 2.67 MW

India’s leading Corporates, MNCs and Institutions have chosen to work with us as their trusted partner in their green energy journey. The Company is a partner of choice for over 10,000 residential customers. India’s No. 1 Solar Rooftop EPC player by Bridge to India for six years in a row

6. SWELECT Energy Systems Limited

SWELECT operates a 140 MW class 100,000, dust-free, clean-room, world-class PV module HHV Solar Technologies (HST) manufacturing plant with R&D facility at Bangalore. HST’s product portfolio comprises of High Quality – High Efficiency Solar PV modules in various Power ratings with  International Certifications and compliance to BIS & IEC Standards.

SWELECT Energy Systems Limited (formerly known as Numeric Power Systems Limited) is one of the leading Solar Power Systems Company with a strong presence in global energy market for over 35 years.

SWELECT’s core strength lies in technical expertise which is strongly backed with state-of-art manufacturing facilities for Solar PV Modules, Solar PCUs, Servo Stabilizers, Structural and Electrical Balance of Systems (BOS) such as Module Mounting Structures (MMS), AJBs, etc.

• 140 Manufacturing Capacity (MW)
• 150 Installation base (MW)
• 9000 Total Installation

SWELECT is recognized as ‘Tier-1 Solar PV Module Manufacturer’  by Bloomberg New Energy Finance (BNEF), the highly recognized global industry standard in classifying solar Photo Voltaic module manufacturers. 

SWELECT has also received certification from the Bureau of Indian Standards (BIS) for Solar PV Modules including the high efficiency PERC modules.

With more than 35 years of field experience and with a team of experts in Power Electronics, SWELECT, even today stays close to its customers and caters to their needs through continuous technological innovation, rich expertise and customer centric approach.

SWELECT has the ability to implement solar power projects in small as well as large scales with utmost understanding of customer requirements and customized solutions.

7. EMMVEE SOLAR SYSTEM

Established in 1992, Emmvee solar water heating systems have grown to be the largest manufacturer of solar water heating systems in India and probably in Asia.

It holds the largest market share in distributing its products under the brand name ‘Solarizer’. Its is an ISO 9001:2015 and ISO 14001:2015 certified company.

Emmvee solar is one of the pioneers of the solar industry in India, with over 25 years of experience. We have set up a world-class production facility for solar water heating systems at Dabaspet in Karnataka. These units have a combined production area of over 25 thousand square metres.

Our units are capable of producing water tanks ranging from 100 litres up to 3,000 litres suitable for residential and industrial purposes. We are one of the very few manufacturers to have acquired the Solar Key Mark for our premium range of water heating systems. We have sold over 5,50,000 solar heating systems mounting over 6,90,000 m² installation area.

8. PREMIER SOLAR

Two decades old company that guarantees 25 year performance for its Solar panels. Promoted by technocrats with decades of technical expertise and business experience Advanced manufacturing facility in Hyderabad strengthened by a strong R&D team.

Incorporated in 1995 humble with a humble strength of 5 employees and a 25 lakh seed capital. Earned certificate of quality IEC 61215 Ed 2 from European Solar Test Installation, Ispra, Italy , TUV Intercert , Germany , ISO 9001-2008 from TUV SUD Germany and ISO 14001:2004 from BMQR.

A renowned Star Export House with presence in 15 countries across Europe, Africa and Asia. Attained 100% growth rate since 5 years while accumulating National Awards for Excellence in Performance, Entrepreneurship and Exports.

9. Loom Solar

Loom Solar Pvt. Ltd. is a mon perc solar panels and AC Module manufacturer based out of Faridabad, Haryana having a manufacturing capacity of 100 MW. The company which started in 2018 has become one of the fastest-growing solar panel manufacturers in India because of wide range of solar panels from 10 watts to 450 watts super high efficiency panels.

• Market Share –  20% in Residential Rooftop
• Revenue – 100 Cr.

Loom Solar has widest range of products in solar to the Indian market which no other solar company as of now is offering. Loom Solar ® has won the prestigious gold and silver award in the 11th Annual 2019 Golden Bridge Business and Innovation Awards in the United States of America.

Key Achievements:

• Launched world’s first IOT-based solar AC module 2020.
• Fastest growing SMB award by Amazon for the year 2019.
• Network of over 1,500 re-sellers in India to deliver solar panels within 3 – 5 days of order.

10. SAATVIK GREEN ENERGY

North India’s Largest Solar PV Manufacturing Facility. Saatvik manufactures and markets high quality, high efficiency solar photovoltaic modules from its advanced manufacturing facility at Ambala, in the state of Haryana.

With an annual capacity of 500 MW, engaging the best available technologies such as Lead automation, Jinchen, the company offers a wide range of solar PV modules inclusive of Polycrystalline, monocrystalline, glass-glass and bifacial modules viz. 40Wp to 380Wp.

These solar modules are well-suited for residential, commercial and industrial off grid/grid tied application.

Maharashtra, Rajasthan, Tamil Nadu, Karnataka, and Gujarat are key rooftop solar power states, accounting for nearly 46% of the national rooftop solar capacity.

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