Top 10 Solar Companies in India
Discover the top 10 solar companies in India that are leading the country’s renewable energy revolution. Learn about their key projects, achievements, and contributions to India’s sustainable future, including industry giants like Tata Power Solar, Adani Green Energy, and ReNew Power Ventures. Explore how these companies are shaping the landscape of solar power in India.
Table of Contents
India is emerging as a global leader in solar energy, driven by its commitment to renewable energy and ambitious government initiatives. With a target to achieve 100 GW of solar capacity by 2022, the country has seen a significant increase in investments and advancements in solar technology. This article explores the top 10 solar companies in India that are leading this green revolution.
1. Tata Power Solar Systems Ltd.
Overview
Tata Power Solar Systems Ltd., a subsidiary of Tata Power, is one of the oldest and largest solar power companies in India. Established in 1989, it has a rich legacy of innovation and leadership in the solar sector.
Achievements
- Installed Capacity: Over 2.7 GW.
- EPC Services: Executed more than 1.4 GW of EPC projects.
- Clean Energy: Generated over 1.8 billion units of renewable energy.
Key Projects
- 50 MW Dholera Solar Park: This project is part of the larger Dholera Solar Park initiative in Gujarat, aimed at making the region a renewable energy hub.
- 100 MW NTPC Ananthapuramu Ultra Mega Solar Power Project: Located in Andhra Pradesh, this project contributes significantly to the state’s renewable energy capacity.
| Feature | Details |
|---|---|
| Overview | Established in 1989, a subsidiary of Tata Power. |
| Installed Capacity | Over 2.7 GW |
| EPC Services | More than 1.4 GW of EPC projects executed. |
| Clean Energy Generated | Over 1.8 billion units. |
| Key Projects | 50 MW Dholera Solar Park, 100 MW NTPC Ananthapuramu Ultra Mega Solar Power Project. |
| Website | Tata Power Solar |
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2. Adani Green Energy Ltd. (AGEL)
Overview
Adani Green Energy Ltd., part of the Adani Group, is a key player in India’s renewable energy sector. The company focuses on large-scale solar and wind power projects.
Achievements
- Operational Capacity: Over 5.4 GW.
- Project Pipeline: More than 15 GW of projects in the pipeline.
Key Projects
- 648 MW Kamuthi Solar Power Project: Situated in Tamil Nadu, this is one of the world’s largest single-location solar power plants.
- 1,500 MW Hybrid Solar and Wind Park in Gujarat: This innovative project combines solar and wind energy to ensure a steady power supply.
| Feature | Details |
|---|---|
| Overview | Part of the Adani Group, focuses on large-scale solar and wind projects. |
| Operational Capacity | Over 5.4 GW |
| Project Pipeline | More than 15 GW. |
| Key Projects | 648 MW Kamuthi Solar Power Project, 1,500 MW Hybrid Solar and Wind Park in Gujarat. |
| Website | Adani Green Energy |
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3. Azure Power
Overview
Azure Power is an independent solar power producer with a pan-Indian presence. Founded in 2008, Azure Power has been at the forefront of India’s solar revolution.
Achievements
- Total Capacity: Over 7 GW of operational and under-development projects.
- Stock Market Listing: Listed on the New York Stock Exchange, reflecting its global reach and financial stability.
Key Projects
- 600 MW Pavagada Solar Park: Located in Karnataka, this is one of the largest solar parks in India.
- 100 MW Rajasthan Solar Project: Contributing to Rajasthan’s significant solar energy capacity.
| Feature | Details |
|---|---|
| Overview | Founded in 2008, a leading independent solar power producer in India. |
| Total Capacity | Over 7 GW of operational and under-development projects. |
| Stock Market Listing | Listed on the New York Stock Exchange. |
| Key Projects | 600 MW Pavagada Solar Park, 100 MW Rajasthan Solar Project. |
| Website | Azure Power |
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4. ReNew Power Ventures
Overview
ReNew Power Ventures is a major renewable energy company in India, focusing on both solar and wind power. The company develops, builds, owns, and operates utility-scale projects.
Achievements
- Installed Capacity: Over 10 GW.
- Recognition: Awarded the ‘Green Bond Pioneer Award’ for issuing the first certified climate bond from India.
Key Projects
- 300 MW Solar Farm in Pavagada, Karnataka: Part of the Pavagada Solar Park, this project boosts Karnataka’s renewable energy production.
- 110 MW Solar Project in Maharashtra: Enhancing the state’s clean energy portfolio.
| Feature | Details |
|---|---|
| Overview | Develops, builds, owns, and operates utility-scale renewable energy projects. |
| Installed Capacity | Over 10 GW |
| Recognition | Awarded ‘Green Bond Pioneer Award’. |
| Key Projects | 300 MW solar farm in Pavagada, 110 MW solar project in Maharashtra. |
| Website | ReNew Power |
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5. Sterling and Wilson Solar Ltd.
Overview
Sterling and Wilson Solar Ltd. is a global solar EPC solutions provider and part of the Shapoorji Pallonji Group. The company offers end-to-end solutions in solar power.
Achievements
- Global Presence: Executed over 10 GW of solar EPC projects across 25 countries.
- Innovative Solutions: Known for its large-scale solar installations and cutting-edge technology.
Key Projects
- 1177 MWp Sweihan PV Power Project in Abu Dhabi: One of the world’s largest solar projects, demonstrating the company’s global capabilities.
- 50 MW Project in Egypt: Part of Egypt’s ambitious solar energy program.
| Feature | Details |
|---|---|
| Overview | Global solar EPC solutions provider, part of the Shapoorji Pallonji Group. |
| Global Presence | Executed over 10 GW of projects across 25 countries. |
| Innovative Solutions | Known for large-scale solar installations and advanced technology. |
| Key Projects | 1177 MWp Sweihan PV Power Project, 50 MW project in Egypt. |
| Website | Sterling and Wilson Solar |
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6. Waaree Energies Ltd.
Overview
Waaree Energies Ltd. is a leading solar PV module manufacturer and EPC service provider in India. Established in 1989, the company has a strong manufacturing base and extensive distribution network.
Achievements
- Manufacturing Capacity: 2 GW.
- Distribution Network: Over 350 franchises across India.
Key Projects
- 50 MW Project in Vietnam: Expanding its international footprint.
- 100 MW Project in Gujarat: Contributing significantly to the state’s solar capacity.
| Feature | Details |
|---|---|
| Overview | Leading PV module manufacturer and EPC service provider, established in 1989. |
| Manufacturing Capacity | 2 GW |
| Distribution Network | Over 350 franchises across India. |
| Key Projects | 50 MW project in Vietnam, 100 MW project in Gujarat. |
| Website | Waaree Energies |
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7. Vikram Solar
Overview
Vikram Solar is a leading solar energy solutions provider, specializing in high-efficiency PV module manufacturing and comprehensive EPC solutions. The company operates globally across six continents.
Achievements
- Manufacturing Capacity: 1.2 GW.
- EPC Projects: Executed over 1 GW of solar projects.
Key Projects
- 200 MW Solar Power Plant in Andhra Pradesh: Enhancing the state’s renewable energy capacity.
- 80 MW Solar Project in Gujarat: Supporting Gujarat’s leadership in solar energy.
| Feature | Details |
|---|---|
| Overview | Specializes in high-efficiency PV module manufacturing and EPC solutions. |
| Manufacturing Capacity | 1.2 GW |
| EPC Projects | Executed over 1 GW of solar projects. |
| Key Projects | 200 MW solar power plant in Andhra Pradesh, 80 MW solar project in Gujarat. |
| Website | Vikram Solar |
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8. Amplus Solar
Overview
Amplus Solar, a member of the Petronas Group, provides low-carbon energy solutions to industrial and commercial customers. The company focuses on distributed solar power projects.
Achievements
- Operational Capacity: Over 800 MW.
- Customer Base: Serving over 200 clients across various sectors.
Key Projects
- 105 MW Rooftop Solar Project for Walmart India: One of the largest rooftop solar installations in the country.
- Multiple Distributed Solar Projects: Across India, supporting various industrial and commercial clients.
| Feature | Details |
|---|---|
| Overview | Member of Petronas Group, focuses on distributed solar power projects. |
| Operational Capacity | Over 800 MW |
| Customer Base | Serving over 200 clients across various sectors. |
| Key Projects | 105 MW rooftop solar project for Walmart India, multiple distributed solar projects. |
| Website | Amplus Solar |
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9. Loom Solar Pvt. Ltd.
Overview
Loom Solar Pvt. Ltd. is a fast-growing solar company in India, established in 2018. It specializes in mono-crystalline solar panels and lithium batteries.
Achievements
- Manufacturing Capacity: 100 MW.
- Growth: One of the fastest-growing solar companies in India.
Key Projects
- Residential and Small Commercial Installations: Across India, providing solar solutions to a diverse customer base.
- Online Solar Marketplace: Facilitating easy access to solar products through an e-commerce platform.
| Feature | Details |
|---|---|
| Overview | Fast-growing solar company, specializes in mono-crystalline panels and lithium batteries. |
| Established | 2018 |
| Manufacturing Capacity | 100 MW |
| Key Projects | Residential and small commercial installations across India. |
| Website | Loom Solar |
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10. Photon Energy Systems Ltd.
Overview
Photon Energy Systems Ltd., established in 1995, is one of the pioneers in the Indian solar industry. The company offers comprehensive solar power solutions, including PV modules and power plants.
Achievements
- Installed Capacity: Over 500 MW.
- Market Presence: Strong presence in both domestic and international markets.
Key Projects
- 50 MW Solar Power Plant in Telangana: Enhancing the state’s renewable energy capacity.
- Rural Electrification Projects: Using solar power to bring electricity to remote and underserved areas.
| Feature | Details |
|---|---|
| Overview | One of the pioneers in the Indian solar industry, established in 1995. |
| Installed Capacity | Over 500 MW |
| Market Presence | Strong domestic and international presence. |
| Key Projects | 50 MW solar power plant in Telangana, rural electrification projects. |
| Website | Photon Energy Systems |
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India’s solar industry is thriving, driven by supportive government policies, technological advancements, and significant investments. The top 10 solar companies in India are playing a crucial role in this transformation, contributing to the country’s energy security and environmental sustainability. With continued growth and innovation, these companies are set to further accelerate India’s journey towards a clean energy future.
Frequently asked questions (FAQs) about the top 10 solar companies in India:
1. What are the main factors driving the growth of the solar industry in India?
- Government Initiatives: The Indian government has set ambitious targets and provides incentives for renewable energy projects.
- Cost Reduction: The cost of solar technology has significantly decreased, making it more affordable.
- Environmental Concerns: Growing awareness about environmental issues and the need for sustainable energy sources.
2. What types of solar projects are these companies involved in?
- Utility-Scale Projects: Large solar farms and power plants.
- Rooftop Solar: Solar installations on residential, commercial, and industrial rooftops.
- Distributed Solar: Smaller, decentralized solar systems for specific localities or businesses.
3. Which company has the largest installed solar capacity in India?
- Adani Green Energy Ltd.: With an operational capacity of over 5.4 GW and a substantial project pipeline, Adani Green Energy leads in terms of installed capacity.
4. Are these companies involved in international projects?
- Yes, several of these companies, such as Sterling and Wilson Solar Ltd. and Waaree Energies Ltd., have executed solar projects globally, showcasing their expertise on an international platform.
5. What types of solar panels do these companies manufacture?
- Polycrystalline Panels: Commonly used for their balance of cost and efficiency.
- Monocrystalline Panels: Known for higher efficiency and performance.
- Bifacial Panels: Advanced technology capturing sunlight on both sides of the panel.
6. How do these companies contribute to rural electrification?
- Many of these companies undertake projects aimed at providing solar power to remote and rural areas, enhancing energy access and improving quality of life.
7. Are there any government policies supporting solar energy in India?
- Yes, policies like the Jawaharlal Nehru National Solar Mission (JNNSM), various state solar policies, and incentives for solar power generation support the industry’s growth.
8. What are the future prospects for the solar industry in India?
- The future looks promising with continuous advancements in technology, decreasing costs, and increasing government support. The sector is expected to grow significantly, contributing to India’s renewable energy goals.
9. How can businesses and individuals benefit from solar energy?
- Cost Savings: Reduced electricity bills.
- Sustainability: Contribution to environmental protection.
- Energy Independence: Less reliance on grid power and fossil fuels.
10. Where can I find more information about these companies and their projects?
- Detailed information can be found on the official websites of these companies, as provided in the tables above. Additionally, industry reports and news articles offer insights into their latest developments and achievements.
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