The solar power market in India is growing at a fast pace, with the country aiming to achieve 100GW of installed solar power capacity by 2022. With the government offering financial incentives for the installation of rooftop solar PV systems, it has become feasible for even households to install solar panels on their rooftops.
The fact is that the solar manufacturing industry in India has witnessed tremendous growth over the last decade. The latest data released by the Ministry of New and Renewable Energy (MNRE) shows that the total installed capacity of grid-connected solar power plants stood at 5,864 MW as of 30 September 2017.
Solar energy is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV), or indirectly using concentrated solar power (CSP). Concentrated solar power systems use lenses or mirrors and tracking systems to focus a large area of sunlight into a small beam. Photovoltaic cells convert light into an electric current using the photovoltaic effect. Read how solar panels work.
While India’s solar market is quickly growing, most of its demand (70 percent) is being met through imports from China and other foreign markets. The Indian Government wants to transition the market so that it relies on local suppliers. Here, we will list down the best solar companies you can find in India.
If you are in need of a solar power system for your house then you have to go with a brand that is Made in India. Some international brands sell really high-quality solar panels in India, but if you consider some of the top Indian brands, they can be quite comparable in quality to the international brands. To succeed, you must pour extra effort into choosing the right solar manufacturer for you.There are countless manufacturers in the country that you can trust.
In order to find the best solar manufacturer, you should know which manufacturers are reputable in India. In this article, we have listed the Best Solar Companies in India.
India Solar Energy Market Trends
The Indian renewable energy sector is the fourth most attractive renewable energy market in the world1. India was ranked fifth in wind power, fifth in solar power, and fourth in renewable power installed capacity, as of 2019.
Major factors driving the solar power systems market are the decline in the cost of solar modules and government policies like allowing 100% FDI under automatic route for renewable power generation and distribution projects, which is expected to increase participation from global players into the Indian market.
As of July 2021, India had 96.96 GW of renewable energy capacity, and represents 25.2% of the overall installed power capacity, providing a great opportunity for the expansion of green data centers. The country is targeting about 450 Gigawatt (GW) of installed renewable energy capacity by 2030 – about 280 GW (over 60%) is expected from solar.
According to the analytics firm British Business Energy, India ranked 3rd globally in terms of its renewable energy investments and plans in 2020. Some major investments and developments in the Indian renewable energy sector are as follows:
- In June 2021, the Reliance Industries announced to invest Rs. 750,00 crore (US$ 10.07 billion) the green energy segment
- In June 2021, Suzlon secured a contract for 252 MW wind power project from CLP India. The project is expected to be commissioned in 2022
- In May 2021, Adani Green Energy Ltd. (AGEL), signed share purchase agreements for the acquisition of 100% interest in SB Energy India from SoftBank Group (SBG) and Bharti Group. The total renewable portfolio is 4,954 MW spread across four states in India
However, the cost of modules produced in China is 8-10% cheaper than the one manufactured in India, and about 80-85% of the solar modules used in India are manufactured in China. Therefore, the huge dependency on imports has affected domestic manufacturing in the country, which is further expected to hinder the growth of the market:
- The solar PV segment dominated the market share in 2020, and it is expected to be the largest segment during the forecast period. The Indian government has set ambitious targets for renewable energy generation, including solar power which is projected to provide 100 GW of electricity by 2022
- India has a lot of solar irradiance due to its geographic position and receives solar energy throughout the year. This creates opportunities for the exploitation of solar energy from the sunniest sites in India, especially Rajasthan, Gujarat, and Andhra Pradesh
- The government of India has taken the initiative to encourage the use of renewable energy by drafting plans and putting out tenders. The MNRE is in charge of promoting renewable energy in India with help from other government agencies
- The government is aiming to add 25,750 MW of new power generation capacity from solar plants by 2022. This will cost a total of more than INR 32,000 crore under the ambitious Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM) scheme.
In India, the solar energy market is fragmented. The major companies operating in the market include Adani Group, EMMVEE SOLAR, Azure Power Global Limited, JinkoSolar Holdings Co. Ltd., and First Solar Inc. Let’s take a look at the best solar manufacturing companies in India for the year 2021:
Best Solar Companies In India:
Indian manufacturers are the top global manufacturers, who are selling really high-quality Solar Panels in India. In case, you consider some of the top brands in India, then they are quite comparable in quality to the international brands. There are some top international brands that are available in India such as Trina Solar, Canadian Solar, Jinko Solar, Risen Energy.
Here is the complete list of top solar energy companies/manufacturers/brands in India:
1. Loom Solar
Loom solar company is a world-leading provider of renewable energy solutions, including solar electric panels and off-grid solar systems. It was founded in 2009 to provide poor people with access to energy services. The company’s goal is to promote sustainable living, economic development, and a better quality of life for the citizens of developing countries.
Loom Solar is a start-up, a manufacturer of solar panels and Lithium batteries based out of Faridabad, Haryana. It is an ISO 9001-2015 certified company and recognized startup by Govt. of India. It has 3500 resellers, 100 employees, 2 offices, and 1 Manufacturing unit in Delhi NCR.
Loom Solar is the leader in making Inverters for homes, it also manufacturers’ online ups, stabilizers, solar products such as solar inverters, solar charge controllers,s, etc. The service support of the Loom Solar brand is awesome, In case of any product fault, they send engineers to the customer’s home within 24 hours.
InLoomSolar panels, the range of photovoltaic modules is 40 Wp- 320 Wp with a number of cells ranging from 36 cells – 72 cells. They provide the latest solar products such as solar systems, solar panels, solar inverters, and solar chargers; delivery and installation across India within 5-7 days with strong brand equity.
Loom Solar is a relatively superior brand compared to its peers with the lower pricing of solar panels starting from ₹ 2,400 (with 25 years performance warranty).
2. Vikram Solar
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.
Vikram Solar Limited has built a successful story since 2006 and has active growth and development in India. products are designed to the highest standards of quality, reliability, and performance. Vikram Solar also conducts research study programs with leading laboratories across the globe.
Vikram Solar’s rated annual PV Module manufacturing capacity has been upgraded to the 1 GW mark in 2017 and is adopting pioneering and innovative technologies to design, install and commission benchmark solar projects worldwide.
Vikram Solar Limited takes pride in its track record of installing & commissioning more than 1355 MW+ of solar projects across India and provides a wide range of solar panels and comprehensive EPC solutions.
3. Tata Solar
Tata Solar is India’s #1 most trusted solar energy company for 6 years with sustainable energy solutions. Moreover, it has 30 years of experience with 345 MW+ of installations. Tata Power is the country’s largest integrated power utility and our solutions are powering change in some of the biggest cities in the world.
Tata Power is the country’s largest integrated power utility and our solutions are powering change in some of the biggest cities in the world. This group provides world-class and innovative services and products across a range of businesses.
Tata Solar is India’s leading integrated solar power company with one of the lowest cost structures in the industry. The company has a strong presence in industrial, commercial, both on-grid and off-grid solar projects, and residential segments. Tata Solar has shipped close to 1.4 GW of solar modules worldwide and installed 1.5 GW of utility-scale.
Tata Power Solar expanded its manufacturing capacity of Cell from 300 MW to 530 MW with Mono PERC and Module from 400 MW to 580 MW with Mono PERC Half-cut technology. Tata Power Solar is one of the few companies globally to have a long operating history of 31 years. This is a strong proof point for the company’s ability to honor the 25 years warranty that solar modules come with.
Tata Power Solar has seen an increase in demand for its products which reaffirms the faith customers put in the quality of its products and comes with a large in-house manufacturing base.
4.Adani Solar
Adani Solar is the Solar PV manufacturing and EPC arm of Adani Group, a diversified organization in India with a combined market cap of $100 Bn comprising 6 publicly traded companies. It has created world-class transport and utility infrastructure portfolios with a pan-India presence.
Adani Solar is India’s first and largest vertically integrated solar company that offers products along with services across the spectrum of photovoltaics manufacturing. The cutting-edge technology, with machines and equipment sourced from the best in class suppliers, aims 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 the top 15 global solar manufacturers. They are one of the best solar panel company in India and one of the 15 largest utility solar power developers in the world.
Adani Solar is the fastest-growing rooftop and distributed solar EPC company with projects over 250 MW commissioned and over 400 MW under execution and offers Solar Pumps, Solar Park, Ground Mounts, Industrial Roofs all at low costs and good quality products.
- Platinum-rated manufacturing facility
- India’s largest vertically integrated solar cell & module manufacturer
- Largest Solar Module Exporter from India
- Adani Solar PV Modules approved by over 35 domestic and international banks
5.Trina Solar
Trina Solar is one of the first PV enterprises in China to become a world leader in solar technology and manufacture. Trina Solar reached a milestone in 2020 when it was listed on the Shanghai Stock Exchange. They are the global leading provider for photovoltaic (PV) module and smart energy solutions and delivers PV products, applications, and services to promote global sustainable development.
It boosts global renewable energy development and includes solar PV project development, financing, design, construction, operations and management, and one-stop system integration solutions for customers.
Trina Solar has connected over 5GW of solar power plants to the grid worldwide. They have become global leaders and sets industry benchmarks for both quality and efficiency. Trina Solar provides reliable ground-mounting options that can be enhanced with single-axis trackers, providing efficiency gains of up to 30 percent by reducing power loss as the angle of incidence changes. This solar energy company is great for domestic distribution, captive consumption with lifetime support.
6. Canadian Solar
Canadian Solar Inc. is a world leader in the solar power industry. It is headquartered in Canada but has most of its manufacturing in China. In the past 17 years, Canadian Solar has successfully built up 9 GW of module manufacturing capacity and has delivered more than 29 GW of solar modules to customers in over 150 countries worldwide.
Canadian Solar (CSIQ) currently has around 22.2 GW of solar projects and 19 GWh of storage projects in the pipeline and is uniquely positioned to provide project development and complete turnkey solar solutions.
Plus, it ensures quick expanding and manufacturing capabilities together with the most advanced technologies for supporting our target from 16 GW to 17 GW of shipments in 2021. It has extensive manufacturing with a huge geographical footprint.
7. Panasonic
Panasonic Solar Panels are an affordable solar energy provider for both you and the planet. Panasonic has powered more than a century of innovations and partners with fully certified solar installers to bring you best-in-class technology and a zero-worry, zero-hassle process.
This company’s solar panels are uniquely designed to be weather resistant, install with ease and deliver best-in-industry performance over time. With Panasonic solar panels and battery storage, you get a full solution, all warrantied by one company, providing full end-to-end support and energy needs.
Panasonic panels offer one of the lowest degradation rates in the industry. They provide guaranteed power output for over 25 years helping you produce more free electricity and save more money with more durability and longevity.
Panasonic Solar Panels are an affordable solar energy provider for both you and the planet. Panasonic has powered more than a century of innovations and partners with fully certified solar installers to bring you best-in-class technology and a zero-worry, zero-hassle process. Panasonic offers a complete range of solar modules for residential, commercial, and industrial customers ensuring risk-free installation for long life.
8.JA Solar
JA Solar Energy Company was founded in 2005 and is the manufacturer of high-performance photovoltaic products. With 12 manufacturing bases and more than 20 branches around the world, the company’s business covers silicon wafers, cells, modules, and photovoltaic power stations.
Solar products are available in 135 countries and regions and are used extensively in ground-mounted power plants, commercial & industrial rooftop PV systems, and residential rooftop PV systems. As a PERC patent holder, JA Solar supplied nearly 50% of PV modules for the first phase of China’s “Top Runner” program, of which 40% of modules that JA Solar supplied were PERC modules. They have over 73 GW cumulative shipments and 33,000 clients worldwide.
With its advantages of continuous technological innovation, sound financial performance, and well-established global sales and service networks, JA Solar has been well received and highly recognized by clients from home and abroad. The company has been listed on Fortune China 500 and Global Top 500 New Energy Enterprises for several consecutive years.
9. REC
REC Group is an international pioneering solar energy company dedicated to empowering homeowners, businesses, and utilities with clean, affordable solar power in order to facilitate global energy transitions. REC’s proven premium solar panel quality and company longevity give you greater peace of mind that your solar power plant will be operating reliably and generating high power output for many years. Browse our offering of solar panels for utilities.
REC offers premium solar panels ideal for commercial rooftops and other industrial installations (e.g. farms), combining high power with renowned high quality so that you can enjoy greater returns in the long term. With various technologies and sizes available, REC has the solar panel for you. At the end of 2019, REC had produced around 38 million solar panels amounting to more than 10 GW of clean energy, which powers more than 16 million people at home.
10. Moser Baer Solar Ltd
Moser Baer Solar Ltd is another best solar company in India that provides solar products and services. The company offers multi-crystalline cells, thin-film modules, solar lanterns, and home lighting kits for industry and home consumers. These solar panel manufacturers include a crystalline and thin-film panel with two times magnified standard warranty.
11. Microtek Solar Solutions
Microtek’s solar-powered solar system, also known as the on-grid solar system, is the most widely distributed solar system in the world. These systems do not require batteries and are connected to a power grid.
Microtek is India’s most popular and most rewarded offerings which have launched the Solar PV Panel to promote Green and Renewable Energy Sources.
Microtek provides a wide range of solar products for retail and commercial users. This company’s main objective is to provide customers with easy access to solar energy & reduce their dependency on traditional sources of energy. Microtek Solar products are manufactured using the most recent solar technologies to deliver optimal results.
They have a wide range of innovative solar products which include:
- PV Modules
- Power Conditioning Units (PCU)
- Solar Management Unit (SMU)
- Grid Tied Invereter (GTI)
- Solar combo packages
12. Emmvee
Emmvee is an intelligent solar solutions producer born from an idea to implement green energy to better use. This company has solar products which are an amalgamation of cutting-edge technology and smart innovation for sustainable living. They have made continuous innovations in solar water heating systems and photovoltaic modules since inception in 1992 and are highly focused on quality and service dedicated to customers.
Emmvee was founded in 2007 as an establishment to develop and manufacture high-performance Photovoltaic (PV) modules and systems. Emmvee Photovoltaic is headquartered in Bengaluru and has active sales offices across India and Germany.
Emmvee has successfully installed and commissioned solar PV projects 14 MW in the North of Germany and 13 MW rooftop and 140 + MW ground mounted in India. 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’.
13. RenewSys Solar
RenewSys is India’s leading solar PV module manufacturer, with a total installed module manufacturing capacity of 750 MW. RenewSys is the first integrated manufacturer of Solar PV Modules and its key components like Encapsulants, Backsheets, and Solar PV Cells.
RenewSys has a global presence across India, the Middle East, Africa, China, and European countries. They have representative offices in the USA, Mexico, and Europe to help with their solar energy efforts.
This company is located in Hyderabad and has world-class PV modules and comprises reliable, quality modules that are ‘Made In India’ and shipped to over 40 countries worldwide. They have been designed to suit applications from small retail lighting systems, to specialized applications like pumping and utility-scale solar power plants.
Performance:
- PID Resistant
- Low Light Performance
- High Power Density
- Positive Power Tolerance
14. Icomm TeleLtd
ICOMM is one of the world’s leading manufacturers dedicated to renewable energy focuses on offering solutions in Photovoltaic, solar thermal, Hybrid Systems (Solar+ Wind). ICOMM’s Solar Division offers one-stop customized renewable energy solutions to meet all energy needs.
This company’s Solar Division also provides clean, reliable, affordable solar energy solutions for the global market through optimized distribution channels. Plus, they develop products to satisfy Residential, Commercial, Industrial, and Utility-Scale Projects.
ICOMM’s Solar Division is equipped with solar cell-sorting machines, vacuum laminators, curing ovens, computerized gun simulators for automatic testing of modules, pneumatic tools, environmental chambers, and other infrastructure.
ICOMM Solar Unit offers:
- Portable lighting Systems
- Indoor Lighting and Home Lighting Systems
- Standalone Power plants (ranging in KW)
- Backup power for Telecom Applications (ranging from very low power to high power applications)
- Solar, Micro Wind, Diesel/Fuel Cell Hybrid Power Generating Systems
All the above-mentioned companies are the best solar companies that will help in establishing the solar industry in India in the coming days. So, if you’re solar installation business is based in India, then you don’t have to worry about getting out of the country to find a manufacturer. You already have a ton in your own country.
List Of Other Top Solar Companies In India:
- Andromeda Energy Technologies (P) ltd
- Bharat Heavy Electricals Ltd
- Green Brillinace Solar Energy
- HHV Solar Technologies Pvt Ltd
- Maharishi Solar Technology Pvt Ltd
- Modtech Engineering
- Premier Solar Systems Pvt Ltd
- PV Power Tech
- Access Solar
- SunTechnics Energy Systems
- Sungrace Energy Solutions Pvt Ltd
- XL Energy Ltd
- Thrive Solar Energy
- Sova Solar
- PLG Power Limited
- Synergy Electric
Takeaway:
For your business to succeed, you’ll need a reliable manufacturer. These are the ones that make the products for you, so in a sense, they’re also the ones that will determine whether or not your business is successful. So better be sure to pick the right one for you.
As more people discover the importance of solar energy, it is good news to hear that there are already a number of solar manufacturers in the world. It’s even better news that this type of technology is popular in Asia, especially in India.
In this list, we have mentioned some of the best solar panel manufacturers in India. The above list was made to give you a starting point for your own research and comparison. Are you aware of any more international brands? Don’t hesitate to put it in the comments section below.
