In India, whenever we talk about the fastest developing industries in renewable energy, solar energy always comes first. It is the fastest-growing sector in renewable energy industries. According to MNRE, 36.03 GW of various different solar projects are under implementation and 23.37 GW are in the tendering process. India has a market size of 94.4 GW of total installed renewable energy capacity out of which India has 40.09 GW of total solar installed capacity. Solar energy is the most abundantly available source on Earth and is widely used in the world where the demand for energy and electricity has grown rapidly. There are any many solar companies in India which have contributed towards the growth of the sector but here I am listing the top 5 solar companies in India based on Indian market share. Let’s have a look at it:
Tata Power Solar Systems Ltd. is a leading group in solar energy that concentrates on solar power services. It is the most trusted and dependable rooftop solutions provider. As one of the largest solar manufacturers in India, Tata Power Solar is a strong believer in endorsing solar energy in India. The company ranked at No. 1 rooftop solar brand for six years in a row. All solar-related products are manufactured by the company. It operates a world-class manufacturing unit in Bengaluru. It also provides other EPC services for solar power projects. Recently, NTPC signed an EPC contract with Tata Power Solar System. They got a letter of Award worth INR 686 crore to build a 210 MW of solar PV project for NTPC. The company has a major market share in rooftop solar in India. Till now, it has a total installed base of over 515 MW in India. The company provides employment opportunities in the solar sector for many people and improves the standard of living. Its quality and experience provide the highest power generation from solar over 30 years.
Headquarter: Bengaluru, Karnataka, India
Vision: Empower a billion lives through sustainable, affordable & innovative energy solutions.
- Tata Power Solar won the prestigious award: “Best asset management team- EPC Utility Solar” in the ‘RE Asset Management Awards 2020’ ceremony.
- Tata Power Solar won the Gold Award for “Rooftop Solar EPC Company of the Year” under the industrial category at the India Rooftop Solar Congress 2020.
Vikram Solar Pvt. Ltd is the second-largest solar energy company in India. It is one of the top 5 companies in solar PV module manufacturer and rooftop service providers. The company also provides engineering, procurement, and construction solutions and Operation and Maintenance of solar power plants. The total production capacity has now become 2.5 GW in PV module manufacturing. Recently, Vikram Solar announced a new manufacturing facility of a solar PV module of 1.3 GW located at Indospace Industrial Park, Oragadam, Tamil Nadu. Now, company’s PV module manufacturing capacity reaches 2.5 GW, with this unit, which is currently the largest in India. This is the first largest solar manufacturing unit in the state of Tamil Nadu. More than 1000 jobs are estimated to be created with this project. Apart from this, the company also focuses on the installation and designing of solar modules.
Headquarter: Kolkata, West Bengal, India
Vision: Reshaping the Solar Revolution
- ‘Leading Renewable Energy Manufacturers -Solar modules’ at 3rd edition of Renewable Energy India Expo Awards.
- Solar Module Company of the Year – Utility Scale (Domestic Manufacturer) at the India Solar Week Excellence Awards 2017, New Delhi.
- CII Award for ‘Customer Obsession & Active Customer Engagement 2019’.
EMMVEE is a solar company that is known for its best quality products in India. They carry out their projects and EPC solutions in India and Europe. EMMVEE has headquartered in Bengaluru and has many active sales offices in India and Germany. EMMVEE is popularly known for manufacturing photovoltaic modules and solar water heaters. Their aim is to providing universally designed products to support all kinds of contemporary and lavish things. They have made continuous innovations in solar water heating systems and photovoltaic modules since inception in 1992. Their solar water heating systems have grown to be the largest manufacturer in India and probably in Asia. It holds the largest market share in distributing its products under the brand name ‘Solarizer’. Presently, EMMVEE has a PV module manufacturing capacity of 500 MW, they are further planning to expand it to 1.5 GW by the end of 2022. Recently, the company also commissioned a rooftop project at Roll well Conveyor Pvt. Ltd.
Headquarter: Bengaluru, Karnataka, India
Vision: To make every individual and organization, energy independent by providing high qualitative, innovative, cost-effective premium solar products and solutions that provide clean, reliable, and sustainable energy around the world.
- ‘Business Leadership Excellence Award at Suryacon 2020’- Managing Director Manjunatha awarded for excellence in vision and leadership.
- Solar Module Company of the Year- EMMVEE awarded for outstanding achievement in the solar sector at Suryacon 2020 event.
WAAREE Energies Ltd is a leading solar PV module manufacturing company in India. The company has the country’s largest solar PV module manufacturing capacity of 2 GW’s at its plants in Surat and Umbergaon in Gujarat. WAAREE Energies provide EPC services, project development, rooftop solutions, and solar water pumps. Apart from this company also focuses on the operation and maintenance of solar power plants. Their vision is to provide high-quality and cost-effective sustainable energy solutions across all the markets. Not only nationally but Waaree has its presence in the global market as well. Currently, the company has its presence in over 350 locations in India. Their products are exported in over 68 countries globally. Till now, WAAREE has supplied more than 3 GW’s of Solar PV modules globally. The company serves over 5000 customers globally which illustrates the trust gained by the company over a period of 30 years of its existence. Last year, AsiaOne recognized WAAREE as “India’s greatest brand” in the solar industry. The company was chosen on the basis of excellence in customer service and quality maintained over the years.
Headquarter: Mumbai, Maharashtra, India
Vision: To provide high-quality and cost-effective sustainable energy solutions across all the market, reducing carbon footprints.
Achievements: WAAREE has received many honors on numerous occasions from industry, government, and our overseas partners. Like:
- D & B Infra award,
- Solar rooftop powerplant for Reliance Mumbai Metro,
- Solar Rooftop Power Plant for Indian Oil Fuel Retail Outlet, Madhya Pradesh,
- India Solar Week Excellence awards 2017,
- Solar Module Company Of the year 2017, and
- National Excellence Award Certificate 2016.
Loom Solar Pvt. Ltd is a startup manufacturing company in India headquartered at Faridabad. The company is popularly known for manufacturing mono perc solar panels and lithium batteries. It is the first company in India that manufactures mono perc cell technology. Loom solar has its presence in over 700 cities in India. The company offers its products all over the country including villages with more than 3500 re-sellers. Loom solar becomes India’s fastest-growing solar panel manufacturers. It is one of the fastest-growing startup companies in India. Loom solar is present in over 500 districts across the country with more than 100 employees and 1 manufacturing unit. Loom solar is a recognized start-up by the government of India. Loom Solar journey started in Feb 2018 and they launched the monocrystalline panels in Oct 2018. They also launched the AC module in partnership with Enphase in Dec 2019 and a super high-efficiency module in Dec 2020.
Headquarter: Faridabad, Haryana, India
Vision: To become the most popular and trusted brand in solar by 2025.
- Loom solar has won the prestigious gold and silver award in the 11th Annual 2019 Golden Bridge Business and Innovation Awards at the United States of America.
- Loom Solar has won the Amazon Sambhav 2020 Award in Jan 2020.
- Loom Solar has won the Energy Business of the Year Award 2021.
These are the topmost companies that help India to make in top in the solar sector worldwide. Despite this, there are many other top solar companies in India that are contributing to the solar sector.
Manav Kumar is a renewable energy enthusiast. He has a deep interest in research and development, policies, and the latest trends of the RE sector. He also likes to share the latest happenings of the RE sector through blogs. He believes that only renewable energy can ensure the greener & sustainable future of the world. He is aiming to contribute to the growth of the RE sector in India after completing his graduation.