What has taken on earth today as a curse is the changing global warming scenario. Solar companies in India have taken the trunk on shoulder to make it a better place to live in future. Solar companies in India are today a GW worth. With making huge success in utility, commercial and home installations, solar companies in India are worthwhile marking the future.
China has been a leading player in solar as the dominance of this Asian country is seen today across the globe. But new solar companies and foreign investment is driving the Indian solar scenario. Solar power in India is a fast developing industry. The country’s solar installed capacity reached 31.101 GW as of 30 September 2019. Today solar companies in India are not just profitable but the solar companies are getting more competitive.
Today, Kamuthi which is located in Tamil Nadu flaunts the reported largest single location solar power plant in the world aka Kamuthi Solar Power Project. Big Chinese and West solar players have already established their footprints in the country and are booming the cumulative solar business in India.
According the recent report from Technavio, the global solar thermal market will register a CAGR close to 5% by 2022, while the global residential solar PV systems market size will grow by USD 266.18 billion during 2018-2022. The growth of the solar energy market is driven by rising concerns in environmental pollution and provision of government incentives & tax rebates to install solar panels.
In this article we help you find the top 10 Solar Companies in India and also tell you what brings these Solar Companies in this List:
Making a remarkable name by creating the Kamuthi Solar Power Project (The only reported largest single location solar power plant in the world), Adani Power leads the solar projects in this country. Adani solar has taken MW projects in a scenario and have helped commissioned them successfully under his hat. Headquartered at Ahmedabad, Gujarat, Adani Power is India’s largest private thermal power producer, with capacity of 12,410 MW. Adani Power was ranked as the 73rd largest corporation in India in Fortune India 500 list of 2018. The company has gone to long term PPAs of about 9,153 MW with government of Gujarat, Maharashtra, Haryana, Rajasthan, Karnataka, and Punjab. In 2018, Adani was reported the top-notch solar project developer.
Headquartered in Bengaluru, Tata Solar has taken a spree in the residential rooftop segment. Given the courtesy, it is also one of the largest and oldest solar panel manufacturing operations in India. With a market share of 5.6% which makes Tata Power Solar one of the largest solar rooftop EPC player. Tata Power stands at an overall renewable capacity of 2,628 MW in India.
“Renewable energy is the future for ‘New India’ and will play a big role in providing the country “24X7 Power for All by 2019”. For a tropical country like India, solar energy has the highest potential. Tata Power is focused to constantly proliferate the group’s renewable energy portfolio and we plan to generate 35 – 40% of Tata Power’s total generation from clean energy sources, largely through organic growth.” Mr Praveer Sinha, CEO & Managing Director, Tata Power.
Bagging once the best Indian Solar Module Company of the Year, Jinko has strong market-shae in the Indian solar sector. JinkoSolar has over 15,000 employees across its 6 productions facilities in Jiangxi, Zhejiang and Xinjiang Provinces, China, Malaysia, Portugal and South Africa, 16 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, Spain, United States, Canada, Mexico, Brazil, Chile, Australia and South Africa. 18 global sales offices in China (2), United Kingdom, Bulgaria, Greece, Romania, United Arab Emirates, Jordan, Saudi Arabia, Kuwait, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Brazil and Mexico. Jinko solar till date has played a crucial role in driving the Indian solar target. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 10.5 GW for silicon wafers, 7.4 GW for solar cells, and 12.6 GW for solar modules, as of June 30, 2019.
Amongst the latest reports in the solar companies on India, Trina Solar is making a mammoth step to help deluge its solar expertise in India. Trina believes that believes India has become a major solar market on the world map. As per reports in September, Trina Solar surpasses 4,000 Megawatt of solar modules supply in India. Trina Solar was the leader in supplying modules to India both in terms of cumulative shipments and in 1H 2019.
ACME Solar has not so ever drive in the solar segment alike the Indian market. Acme solar has bagged massive projects since its venture in the Indian market. ACME solar has commissioned 2500 + (MWp) and 500 + (MWp) under construction. Present in 12 states across India, ACME solar has pioneered in embracing new technologies, disruptive and has got a meaning beyond business expectations and profits. ACME Solar had the largest project pipeline as of June 2019.
With a vision to double its capacity to 2 GW by 2020, Vikram solar has been in the top solar companies list for a while. What has written Vikram Solar’s success story is to adapt with the changing solar market of India. Vikram Solar Limited (formerly known as Vikram Solar Pvt. Ltd.) is today globally acclaimed. Vikram Solar has shown its aptness and expertise in providing high efficiency PV module manufacturing and comprehensive EPC solutions. Present in 6 Continents, Vikram Solar has 650MW+ projects O&M services servicing, 1040 MW+ EPC projects in India and abroad.
Waaree Energies being primarily in solar PV module manufacturing has lately seen the demand from Indian rooftop segment. Witnessing this demand, Waaree energies has expanded increased its module manufacturing capacity by 500 megawatt to 2,000 MW. With the manufacturing facility based in Gujarat, the company has now upgraded the production capacity to 5.7 MW per day. Waaree Group, founded in 1989 with headquarters in Mumbai, India. It has India’s largest Solar PV Module manufacturing capacity of 2 GW’s at its plants in Surat and Umbergaon in Gujarat. Waaree Energies is amongst the top player in India in providing EPC services, project development, rooftop solutions, and solar water pumps and also as an Independent Power Producer.
EMMVEE specialises in developing photovoltaic modules and systems for On-grid and Off-grid applications. EMMVEE produces high quality photovoltaic modules using the state-of-the-art machinery in its manufacturing facilities in Bengaluru. EMMVEE produces the most reliable solar water heating systems with the prominent brand name “Solarizer”. EMMVEE has set up an exclusive EMMVEE Project Development division. Along with the vast experience in the field of solar energy as a solar PV module manufacturer, with its technical know-how and international network, EMMVEE has entered into the Project development and EPC of PV projects in India and across Europe. EMMVEE can now provide tailor-made solutions for the construction of turnkey solar power plants and PV projects of any category. EMMVEE has successfully completed two projects comprising of a roof-top and a free-field installation in Germany, summing to 14 MW.
The Indian origin, Goldi Solar has made remarkable steps in the Indian and now in the global solar sector. Goldi Solar is also the fastest growing PV module manufacturer in India. Goldi is now soon set towards expanding its manufacturing capacity up to 1GW to meet the ever increasing demand for its Solar PV Modules. This will help us in fulfilling the demand of our customers across the globe. Goldi is the first Indian company to be audited by SOLARBUYER, USA.
To date, Canadian Solar has 4.7 GW solar power plants built and connected globally，and maintains a portfolio of solar power plants in operation at 795.8 MWp, with an estimated resale value of approximately $1.0 billion. Over 36 GW module shipment, around 45,321 GWh of clean electricity per year and meet the needs of 10 million homes. In 2018, Canadian Solar delivered 6.6 GW of solar modules worldwide. Canadian Solar’s technology team set a world record of 22.80% conversion efficiency for p-type large area multi-crystalline silicon solar cell, and it was tested and certified by Germany’s Institute für Solarenergieforschung GmbH (ISFH) in September 2019.