written by | October 4, 2022

Guidance on Top 10 Solar Panel Manufacturers Companies in India

×

Table of Content


India's top 10 solar manufacturers are leading the market by expanding their operations across the nation and spending a significant amount of money on R&D to make technical breakthroughs. The solar power industry in the country is one of India's fastest-growing sectors. India experiences periodic power shortages, with a 12% demand-supply difference, and this disparity can only be closed by using renewable energy sources, like solar energy. 

Additionally, India's solar energy business has tremendous potential to develop solar energy in India at a rapid rate due to the country's physical position in the tropics. The nation receives more than 5000 trillion kWh of radiation each year, which Indian solar power divisions might use to produce a substantial amount of electrical energy. 

Did you know that by 2030, the National Solar Initiative wants to increase India's capacity for renewable energy to 500GW? 

Also read: 17 Side Business Ideas for Housewives & Working Ladies

Top 10 Solar Panel Manufacturers Companies.

ADANI SOLAR 

One of India's top industrial conglomerates, Adani Enterprises Ltd., holds all of the shares of Adani Solar. With a single location's capacity of 1.2 GW, the business is building the world's giant greenfield solar manufacturing factory. Adani Solar is among the top 15 solar energy developers worldwide for utilities. With a cell and module capacity of more than 1.5 GW, the firm is one of the country's largest solar cell and module manufacturers. 

Vikram Solar 

Previously known as Vikram Solar Pvt. Ltd., this company produces complete solutions for high-efficiency PV modules. Vikram Solar has become one of the world's most well-known solar energy manufacturers, with a clientele that spans six continents and a worldwide customer base. 

Even though Vikram Solar was founded in 2006, its parent firm, Vikram Group, has a four-decade heritage and significant operations. Vikram Solar has about 750 MW of projects underway in India and other nations, and they have sold around 1.3 GW of high-efficiency modules worldwide. It is, therefore, no surprise that Vikram Solar is regarded as a Tier-1 PV module manufacturer, given that their goods are created to the highest quality standards. 

Waaree Energies 

Waaree Energies Ltd., a solar manufacturing firm based in Mumbai, India, was established in 1989 with an emphasis on EPC services, rooftop options, solar water pumps, and Independent Power providers. The firm now has 1.5 GW of production capacity and operates facilities in Umbergaon and Surat in Gujarat. Additionally, they have completed over 5000 rooftops, telecom, and pump projects and provided 1.7 GW of solar modules globally. Further, they are currently commissioning projects totalling more than 500 MW. 

Tata Power Solar 

Jamsetji Tata founded the Tata Group in the latter part of the 19th century, making it one of the world's largest and most prominent commercial conglomerates. The corporation now operates in more than 100 countries worldwide and sells goods to around 150 nations.

According to a recent assessment, Tata has an 1100 MW solar rooftop system with an estimated 1.1 million units of yearly production. 

Also read: How to Use LinkedIn for Business in 2022? LinkedIn Marketing Explained

Loom Solar 

Loom Solar is an Indian retailer of solar products, including solar power systems, solar inverters, solar panels, and solar charging stations. The business conducts online product sales, ensuring that its network makes it simple for clients to make purchases. Additionally, Loom Solar maintains close relationships with the leading solar companies in India, resulting in products that are of the highest quality and offered at a discount. The business offers delivery services to all postcodes in India and services that let consumers meet with solar advisors. 

RenewSys India 

The Enpee Group, a diverse international company with a history of more than 55 years of industrial expertise, has a renewable energy division called RenewSys India. RenewSys is the first integrated producer of solar PV modules, Encapsulants (EVA & POE), solar PV cells, and back sheets. RenewSys is the first among the country's top 10 solar panel manufacturers to begin producing 5 BB solar cells. Currently, the business has a total solar module manufacturing capacity of 280 MW. 

Additionally, RenewSys has a factory in Bengaluru that produces PV back sheet film with a 1.8 GW capacity and EVA & POE encapsulants of 1.2 GW capacity.

Emmvee Photovoltaics Private Limited 

Emmvee Photovoltaics Private Limited was founded in 1992 and has since created several centres of excellence for solar water heaters, photovoltaics, and many other industrial goods. Their module lineup is created in dust-free, climate-controlled facilities using fully automated M10, Burkle, and 3S machinery. Additionally, they utilize cutting-edge technology and premium German-made components to assure fantastic manufacturing outcomes and top product quality. 

Emmvee's modules are TÜV certified and adhere to international and European regulations. 

Saatvik Green Energy 

Saatvik Green Energy strongly supports efforts worldwide to power the planet with alternative and environmentally friendly energy sources. And the business demonstrates its support by creating and offering premium solar PV modules with great efficiency. All of their solar modules are suitable for off-grid or connected to the grid applications in domestic, commercial, and industrial settings. 

Saatvik Green Energy uses cutting-edge European innovation and has a modern plant near Ambala, Haryana, with a 500 MW yearly capacity. The business aspires to become and maintain its leadership position as the most reputable, customer-focused, major solar module and solar energy services provider to the global renewable energy industry. 

HHV Solar Technologies 

HHV Solar is a top-tier global manufacturer of solar modules because of its impressive 40-year experience in the manufacturing industry. To satisfy the needs of commercial and industrial organizations worldwide, HHV Solar provides solar technology-based alternatives. 

HHV Solar currently has 110 MW of installed capacity, and its solar modules come in 36, 60, or 72-cell formats. The modules' wide power range is also from 240 W to 325 W. 

Goldi Green Technologies 

Despite its modest start in 2011 with a 10 MW manufacturing capacity, Goldi Green Technologies has become one of the industry's fastest-growing solar PV module producers. Its production capacity increased to 1 GW in 2019. 

Goldi is proud of its solar modules since they are approved for use in various challenging geographic and climatic circumstances. Their solar panels also combine the highest efficiency and temperature regulation, enabling optimal performance under the most intense sunshine. 

Also read: Explore Top 10 Courier Franchises Business in India 2022

Conclusion

India is one of the world's fastest-rising economies, and due to widespread industrialization, our nation's carbon footprint keeps growing. As a result, people's attention has been drawn to alternative energy sources like solar energy firms during the past several decades. The Indian government has set a goal to reach 114 GW of solar power by 2022 to lessen that impact and improve the environment. 
Follow Khatabook for the latest updates, news blogs, and articles related to micro, small and medium businesses (MSMEs), business tips, income tax, GST, salary, and accounting.

FAQs

Q: How many solar zones are there in India?

Ans:

The Union Minister for New and Renewable Energy indicated in a written response to a question in the Parliament that 61 solar parks have been approved, with a maximum capacity of 7.036 GW, distributed over 16 states, 10 of which are in Rajasthan.

Q: How do I invest in solar projects?

Ans:

India now has one of the fastest developing solar energy industries. The necessity for self-generation is greater now than ever due to escalating power prices. Solar energy is now grid-parity priced, and the sector has enormous commercial potential.

Q: Where is the largest solar power project in India?

Ans:

Rama Gundam in Telangana is now fully operational and home to India's biggest floating solar power facility. The 100-megawatt plant was built by the energy company National Thermal Power Corporation through Bharat Heavy Electricals (BHEL) under an Engineering, Procurement, and Construction contract.

Q: Is solar power successful in India?

Ans:

India ranked fifth in the world for solar power deployment, having built 54GW, a 20-fold increase from 2.6 GW in 2014. Solar electricity that is distributed and off-grid is also included in this. The ultra-mega solar park concept used in India has effectively increased the deployment of solar capacity.

Q: How long do solar panels last?

Ans:

PV panels, or solar cells, are designed to last more than 25 years. Indeed, many solar panels put in place as early as the 1980s are still operating at their projected capacity.

Q: What is the future of the solar industry in India?

Ans:

Between March 2014 and March 2021, the installed capacity of solar energy expanded by more than 18 times, from 2.6 GW to 49.3 GW. India increased its solar power capacity by 7.4 GW from FY22 to December 2021, a 335% increase from 1.73 GW in FY21.

Q: What is the latest technology in solar panels?

Ans:

Second-generation thin-film solar cells have a narrow design (light-absorbing layers are 350x thinner than in typical Si-panels). They are lightweight, flexible, and simple to install, making them one of the most viable PV technologies.

Q: Who is the biggest manufacturer of solar panels in India?

Ans:

Adani Solar is one of the top solar energy developers for utilities. With a cell and module output of more than 1.5 GW, the firm is India's largest solar cell and module producer.

Disclaimer :
The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.
×

Disclaimer :
The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.