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Considered to be the third largest in the world, the solar power industry in India is poised for unprecedented growth.
As of date, the industry is growing at 25 per cent CAGR and this is primarily due to the interest and involvement of the Indian government in promoting solar companies in the country.
In the year 2017, the solar power industry in India generated 1000 MW of energy and by 2020, the figure is estimated to touch 80,000 MW of energy.
Where the use of solar power as of now is by commercial and industrial players, individuals too are waking up to understanding and implementing solar power to take care of their various needs – from heating water to outdoor lighting.
We have a detailed post on what solar lights are and even on solar emergency lights and solar lights for home use. You can refer to these posts to have in-depth idea of the whole concept of solar lights.
We take a look at the top 10 solar panel manufacturers in India.
1. Tata Power Solar Systems
If it is from the house of Tata’s you know exactly what to expect. The group has a penchant to excel in whichever category it enters – be it apparel or hospitality or automobiles.
In the space of solar power too they have a strong presence and today Tata Power Solar Systems India is India’s largest integrated solar player.
It offers innovative solar solutions that cater to the needs of individual customers, large institutions and communities.
The company formerly known as Tata BP Solar, manufactures solar modules, solar cells, and other solar products, and provides EPC services for solar power projects.
They have undertaken some of India’s largest solar projects including the solar carport at Cochin airport and NTPC Anantapur India’s Largest DCR Solar Project.
2. Amplus Energy Solutions
Founded in 2013, Amplus Energy Solutions has a strong presence pan-Asia catering to industrial and commercial clients.
They have a cumulative capacity of operational and under construction plants of 350MWp+.
The company specializes in rooftop solar power plants over building rooftops, car parks and open spaces within the premises on Build Own Operate Transfer (BOOT) basis.
They provide end end-to-end solutions – from design engineering, procurement, construction, monitoring to maintenance.
With over 100 clients spread across 200 locations and with a work force of 250 employees, their clientele includes manufacturing organizations across Aerospace and defence, automotive, FMCG, consumer durables, pharma, food processing, retail chains, educational institutes, hospitals, office buildings and malls etc.
Some of their prominent clientele would be Yamaha, Lafarge, Kennametal, Walmart, ABB, TVS, HAL, Amway, Halliburton and leading government entities such as Indian Railways, CPWD and HAL.
3. Azure Power
Listed on the New York Stock Exchange, Azure Power Global Limited is an independent power producer, a developer and an operator of utility and commercial scale solar PW power plants.
Headquartered in New Delhi, they began operations in 2008. They have to their credit the development of India’s first utility scale solar power project in 2009.
They have since then lowered levelized cost of energy through value engineering, operational research and efficient financial strategy to deliver cost-efficient energy.
Azure sells solar power on long term fixed price contracts and this allows them to sell the power at a price that is comparatively lower than they prevailing alternatives.
With a PAN India portfolio of solar assets across 23 states, they are the longest tenured utility scale solar power producer in India.
4. Loom Solar
Loom Solar is among the top 10 Solar companies in India, it is a young and growing start-up credited with having a 100 MW state of the art facility in Faridabad, Haryana, they manufacture 10 watt -340 watt solar PV modules in poly and mono crystalline technology.
Loom Solar has a huge online presence in India and has come up with an on-grid solution which will function even without a net meter. Its 1 kW Solar AC module is capable of generating enough power to comfortably run one air conditioner (up to 1.5 ton), along with refrigerator, TV, fans and lights during the day for 2-3 bhk house, hospital, office, petrol pump, educational institution, etc.
Furthur more there growing online presence can be attributed to their Premium Brand Store that sells solar systems, solar panels, solar inverters and solar chargers from top brands in India. It is envisaged to be a one -stop- shop for all Solar needs both for your home & office.
5. Moser Baer Solar Limited
The inception of this company dates back to 1983 as one of India’ leading technology companies.
Moser Baer India Ltd (MBIL), headquartered in New Delhi, has to its credit the development of cutting edge technology to become the world’s second largest manufacturer of optical storage media.
Two of their subsidiaries – Moser Baer Solar Limited (MBSL) and Moser Baer Photo Voltaic Ltd (MBPV) are involved in solar business and have a presence across the globe, including India.
Their foray into this happened between 2005-2007 and since then they have taken a dominating position in Solar EPC Services and Solar PV modules.
Their total capacity at current efficiency levels is of 250MW split technology wise is at a85 MW for Crystalline Cells, 200 MV for Crystalline Modules and 50MW for Thin Film Modules.
The company has two fantastic products for home use – The Solar Lantern and the Solar Home Lighting Kit.
6. Kotak Urja Pvt. Ltd.
Offering solar solutions for home, commercial, industrial and agricultural use, Kotak Urja Pvt. Ltd. is one of the oldest Solar company in India with expertise in design, engineering, manufacturing, Installation & Commissioning (I&C) of both Solar Phtovoltaic & Solar Thermal Systems.
They offer cutting edge solar solutions for rooftop, water heating, portable light and home lights. As part of the agricultural offering they offer solar pumps which offer a respite to farmers who often face electrical power woes.
7. Photon Energy System Ltd.
One of the oldest players in the market for solar energy, Photon Energy System Ltd. began its operation in 1997.
With financial assistance from Indian Renewable Energy Development Agency Ltd., they are considered one of the most reliable solar panel manufacturers in India.
Apart from offering a range of solar products that include Solar Water Pumps, Solar Rooftop Power Plants, Solar Water Heating Systems, Solar PV Modules and Megawatt Solar Power Plants, they also have considerable expertise in Solar Thermal, Solar Power Plants and Solar Photovoltaics.
Their Module Manufacturing Unit located in Hyderabad is equipped with state-of-the-art facilities and it has all facilities to manufacture and test the product under one roof.
With a production capacity of 50 Mwp, it is one of the leading manufacturers of high quality and reliable Solar PV modules.
8. Waaree Solar Pvt. Ltd.
Founded in 1989, Waaree with its years of experience, is another leading solar energy company in India and it has India’s largest Solar PV Module manufacturing capacity of 1.5 GW’s at its plant in Gujarat.
With a presence in 250 locations across India and 68 countries internationally, it is considered as one of the top players in providing EPC services, project development, rooftop solutions and solar water pumps.
Their DIY Rooftop Solar Kit is aimed at reducing the time, cost and manpower involved in rooftop installations. The kit requires just two people to put the installation together.
9. Vikram Solar
Formerly known as Vikram Solar Pvt. Ltd., Vikram Solar Limited specializes in high efficiency PV module manufacturing and comprehensive EPC solutions.
The company has a strong international presence as well. As a fully forward-integrated Solar EPC solutions provider, they deploy world-class technology to design, install and commission benchmark solar projects worldwide.
They hold a track record of installing & commissioning more than 750 MW+ of solar projects (including ongoing projects) across India.
10. HHV Solar
Headquartered in Bangalore, HHV Solar is a part of the SWELECT Group of Companies. The company is recognized as Tier 1 Solar PV Module Manufacturer by Bloomberg New Energy Finance (BNEF).
SWELECT operates a 100 MW class 100,000, dust-free, clean-room, world-class PV module HHV Solar Technologies manufacturing plant with R&D facility at Bangalore.
HHV ST’s product portfolio comprises of high quality-high efficiency solar PV modules (HHVST) in various power ratings with International Certification and compliance to IEC Standards.
The HHV Solar modules are designed to survive in extreme wind, snow-load and corrosive environments.
11. Websol Energy System Ltd.
Listed on the Bombay Stock Exchange and National Stock Exchange, Websol Energy System Ltd began its operation in 1990.
Today, the company is a leading manufacturer of photovoltaic crystalline solar cells and modules in India and it has a state-of-the-art integrated production facility at Falta SEZ in West Bengal.
Over the years the company has established a reputation for making reliable photovoltaic modules for various domestic, commercial and industrial applications.
Green technology is here to stay. With the layman showing positive sign of awareness with regards to using solar energy for basic things like water heating or outdoor and portable lighting, Solar Energy companies are moving ahead to offer domestic solutions apart from offering industrial and agricultural solutions.
A little bit of front end advertising on the use and benefits of solar energy can help its better acceptance and spread.