INDIA’S TOP 10 SOLAR COMPANIES BY 2022
India’s Leading Solar Company :–
In this article we will discuss about INDIA’S TOP 10 SOLAR COMPANIES BY 2022. The solar power industry in India is one of the fastest growing sectors, with the top ten solar companies dominating the market by expanding their sales across the country and investing extensively in R&D for technological breakthroughs. India is experiencing periodic power shortages, with a 12% demand-supply gap that can only be solved by using renewable energy sources such as solar energy in India. Furthermore, due to the country’s geographical location in the tropics, the solar power industry in India offers enormous opportunities for rapid growth. This industry data sheet is intended to aid industry professionals, investors, and the general public who are interested in learning more about India’s solar sector, including:
- What is India’s solar power capacity?
- What are the reasons driving India’s solar power market growth?
- What are India’s top ten solar companies?
- What are the current trends in the Indian solar market?
Table of Contents
India’s Solar Power Industry :–
According to a recent IBEF analysis, India’s solar power industry is the fifth largest in the world in terms of installed capacity. The solar power industry in India is growing at a 25% CAGR due to the government’s keen initiatives and incentives to manufacturers of the top 10 solar panels in India and solar energy companies in India, the low operating costs of the top 10 solar companies in India, the lack of electrical grids in certain parts of the country, and increased investments in the future of solar energy in India. Due to the expanding number of solar energy firms in India, India’s solar power sector attained a total installed capacity of 35.12 GW by June 2020 and is predicted to reach 100 GW by 2022. Overall, the future possibilities of solar energy in India point to a bright future.
2021 Top 10 Solar Companies in India
1>> Tata Power Limited :–
Tata Power is one of India’s leading manufacturers of solar panels, with a capacity of 580MW of modules and 530MW of cells. With 32 years of experience in the solar business, the company has completed more than 7GW of ground-mount utility-scale projects, more than 750MW of rooftop projects, and installed over 55000 solar water pumps.
2>> Nexus Solar Energy Private Limited :–
Nexus Solar Energy Pvt. Ltd. is one of the top 10 solar companies in India, and they produce some of the greatest top 10 solar panels in the country. This solar energy company in India was founded in 2012 and is based in Bulandshahr (Uttar Pradesh), India. The company’s Uttar Pradesh manufacturing factory has a capacity of 300 MW of modules and 144 MW of cells.
3>> Adani Solar :–
Adani Solar is the solar panel manufacturing division of the Adani Group, an Indian conglomerate with a $200 billion market worth that consists of seven publicly traded firms. It has developed portfolios of world-class utility and transportation infrastructure with a footprint across India.
The first and largest vertically integrated solar company in India, Adani Solar provides a wide range of photovoltaics manufacturing-related goods and services. Modern technology, along with apparatus and supplies from top-tier vendors, aims to support cost leadership, operational scalability, and reliability standards in accordance with international norms. In Mundra, India, Adani Solar is constructing the first-ever fully integrated and comprehensive ecosystem for the production of 10 GW of solar power.
Adani Solar is a prominent provider of solar energy solutions. Apart from being one of the largest producers of solar panel solutions in India, they are also the first Indian company to vertically integrate businesses that provide services across the photovoltaics production and integration spectrum. The multilevel infrastructure of the cutting-edge manufacturing plant allows for the production of both modules and cells under one roof.
4>> Waaree Energy :–
Waaree Energies Ltd., situated in Mumbai, was founded in 1989 and has a substantial presence in India and beyond. Surat is home to a 2 GW module manufacturing facility. EPC services, project development, solar water pumps, solar rooftop solutions, and independent power plants are also available.
5>> Renew Power :–
ReNew is one of India’s and the world’s largest renewable energy Independent Power Producers (IPPs). ReNew creates, constructs, owns, and runs utility-scale wind and solar energy facilities, as well as hydro and distributed solar energy projects.
6>> Vikram Solar :–
Vikram Solar is a significant provider of solar energy solutions. They are distributed across continents and are proficient in the production of solar PV modules as well as entire EPC solutions. They have a 10 KW floating solar facility and a 1 GW solar panel production capability in Kolkata.
7>> Microtek Solar Solutions :–
Microtek Solar manufactures Photo Voltaic Modules, Power Conditioning Units, Solar Management Units, and Solar Combo Packages using innovative and cutting-edge solar technology. The company provides a wide range of solar equipment to both residential and commercial customers.
8>> RenewSys Solar :–
RenewSys Solar produces solar modules as well as important components such as solar PV cells, black sheets, and encapsulants. The company supplies items to over 40 countries worldwide from two manufacturing facilities in India.
9>> EMMVEE :–
EMMVEE is one of Asia’s major manufacturers of solar water heating systems. Top 10 Solar Companies In India has installed and commissioned PV projects totaling 14 MW in northern Germany, 13 MW on rooftops, and 140+ MW in India.
10>> Kotak Urja Private Limited :–
Kotak Urja Pvt Ltd is another top 10 solar energy firms in India that began operations in 1997 with a state-of-the-art solar factory in Bangalore, India to produce the top 10 solar panels in India and boost the future possibilities of solar energy in India.