India’s solar energy market has seen exponential growth in recent years, driven by the nation’s ambitious renewable energy targets and favorable government policies. As the country strives to reduce its carbon footprint and transition to sustainable energy sources, solar power has emerged as a key player.
In this dynamic landscape, many manufacturers have established themselves as industry leaders, offering modern technology and high-quality solar panels. This blog post aims to highlight the top 10 solar panel manufacturers in India, showcasing their contributions to the solar industry and their role in advancing the country’s renewable energy agenda.
India’s solar energy market is poised for remarkable growth, with projections indicating a substantial increase in market size by 2025 and 2030. By 2025, the Indian solar energy market is expected to reach around 100 GW of installed capacity, driven by a strong push from both the public and private sectors. Looking further ahead, the market is anticipated to expand even more significantly, aiming for an ambitious target of 280 GW by 2030. This rapid growth trajectory underscores India’s commitment to transitioning to renewable energy sources and achieving its climate goals.
Top 10 Solar Panel Manufacturers in India
Here is the list of some best companies that manufacture solar panels in India.
1. Tata Power Solar
- More than 1.1GW of rooftop solar systems installed
- Over 50,000 solar pumps installed across India
- International projects with over 2.5GW of modules shipped globally
- India’s largest solar carport at Cochin International Airport (2.67MW)
Tata Power Solar, a leading player in India’s solar energy market, is renowned for its innovation and extensive experience in the renewable energy sector. Established in 1989, Tata Power Solar operates a state-of-the-art manufacturing facility in Bangalore with a production capacity of 1,100 MW of solar modules and cells.
Their diverse range of products and services includes residential and commercial rooftop systems, solar water pumps, microgrids, and customized solutions for rural and urban markets.
2. Adani Solar
- Ranked as a Top Performer by PVEL for six consecutive years (2018-2023)
- Building the world’s first-ever fully integrated 10 GW Solar PV manufacturing ecosystem in India.
- Produces high-efficiency Monofacial and Bifacial modules using PERC technology.
- Operates a platinum-rated manufacturing facility.
Adani Solar, a part of the Adani Group, is India’s leading solar power manufacturing company and the largest vertically integrated solar photovoltaic (PV) manufacturer in the country. With a robust manufacturing capacity of 4 GW for both solar cells and modules, Adani Solar is at the forefront of renewable energy innovation, utilizing advanced PERC technology to produce high-efficiency Monofacial and Bifacial modules.
Adani Solar is also committed to sustainability, focusing on reducing greenhouse gas emissions and maintaining a platinum-rated manufacturing facility.
3. Waaree Energies
- Offers a performance warranty of up to 30 years on their solar panels.
- Has the largest solar PV module manufacturing capacity in India with 12 GW installed capacity.
- Received the highest SP1A ranking from ICRA, indicating strong performance capability and financial strength.
Waaree Energies is one of the leading Indian solar solutions provider committed to advancing clean energy technologies. With a strong focus on innovation and sustainability, Waaree Energies offers a comprehensive range of solar products, including modules, inverters, and storage systems, catering to both residential and commercial needs.
Through its dedicated approach and commitment to excellence, Waaree Energies is empowering a greener future for communities worldwide.
4. Vikram Solar
- Products meet various international standards and certifications, ensuring high quality and reliability.
- Caters to diverse markets across the globe, reflecting its expansive reach and expertise.
- Invests significantly in R&D to drive advancements in solar technology and improve product offerings.
Vikram Solar is a distinguished leader in the solar industry, renowned for its commitment to delivering high-quality solar solutions. With a strong emphasis on innovation and excellence, Vikram Solar specializes in manufacturing advanced solar modules and providing comprehensive solar power solutions. Established with a vision to drive the global adoption of renewable energy, the company combines innovative and advanced technology with extensive industry experience to offer reliable and efficient solar products.
From its ultra-modern manufacturing facilities to its global outreach, Vikram Solar is dedicated to empowering a sustainable future through its advanced solar technologies and dedicated customer service.
5. Goldi Solar
- Utilizes advanced technology and rigorous testing procedures to ensure their products meet high standards.
- Strong emphasis on quality control, ensuring that all products undergo thorough testing and meet international standards.
- Received various accolades and certifications, underscoring its reputation and commitment to excellence.
Goldi Solar is a leading innovator in the solar industry, dedicated to providing high-quality solar photovoltaic (PV) modules and solutions. Renowned for its commitment to excellence, they offer a diverse range of solar products, including monocrystalline and polycrystalline solar panels. With a global footprint and a focus on sustainability, the company aims to drive the adoption of renewable energy across diverse markets.
Goldi Solar combines modern technology with rigorous quality assurance to deliver efficient and durable solar products, supporting both residential and commercial applications in the quest for a cleaner, greener future.
6. Saatvik Solar
- Their modules offer 10-30% more power generation compared to P-type modules, making them highly efficient.
- N-TOPCon modules are certified by the Bureau of Indian Standards (BIS), setting benchmarks in the solar industry.
- Designed to withstand harsh environments, including high wind and snow loads, ensuring long-term durability.
Saatvik Group stands at the forefront of the solar industry, renowned for its cutting-edge technology and commitment to excellence. Utilizing advanced Bifacial N-TOPCon modules, Saatvik Solar delivers unparalleled efficiency and durability, ensuring optimal performance even in challenging environments. With rigorous testing protocols and certifications from the Bureau of Indian Standards, Saatvik Solar sets industry benchmarks for quality and reliability.
Their innovative designs and strong customer engagement strategies further solidify their position as a market leader in India’s solar PV manufacturing sector.
7. Loom Solar
- Their mono PERC panels have high efficiency rates, ranging from 19% to 22%, ensuring better performance even in low-light conditions.
- Products are certified and meet various quality standards, ensuring reliability and safety.
- Continuously integrate advanced technologies to improve the efficiency and effectiveness of their solar panels.
Loom Solar is a leading solar panel manufacturer in India, known for its innovative and high-efficiency solar solutions. Offering a diverse range of products, including polycrystalline, mono PERC, and bifacial panels, Loom Solar ensures optimal performance and durability in various conditions.
With a strong focus on customer support, affordability, and environmental sustainability, Loom Solar is dedicated to making solar energy accessible and reliable for everyone. Their commitment to quality and advanced technology positions them as a trusted name in the solar industry.
8. RenewSys India
- Launched high-performance, high-efficiency N-type Glass-Glass TOPCon modules, showcasing their leadership in adopting new solar technologies.
- Provides award-winning PV components such as Transparent Backsheet, White Backsheet, EVA Encapsulants, etc.
- Signed a 100 MW solar module supply agreement with Engie India, highlighting their strategic partnerships.
RenewSys stands as a pioneering force in the solar industry, renowned for its cutting-edge technology and diverse product offerings. With a strong focus on innovation, they provide high-efficiency N-type TOPCon modules and award-winning PV components. Led by a dynamic leadership team, RenewSys is committed to sustainability and quality, forming strategic partnerships and engaging actively with customers.
Their dedication to expanding their footprint and pushing the boundaries of solar technology positions them as a leader in the quest for a sustainable future.
9. Emmvee Solar
- Offers high-efficiency polycrystalline solar panels with a module conversion efficiency of up to 17.18%.
- Provides a 10-year product warranty and a 25-year linear performance warranty, ensuring customer confidence and satisfaction.
- Solar cells are manufactured using the highest quality raw materials, ensuring superior performance.
Emmvee is a leading provider of high-efficiency solar solutions, renowned for its advanced polycrystalline PV modules. Their products are designed for durability and ease of installation, ensuring reliable performance even in harsh weather conditions.
With a strong focus on quality, safety, and innovation, Emmvee’s solar panels are compatible with various inverter types and perform exceptionally well under low-light conditions. Operating both in India and the USA, Emmvee is committed to delivering sustainable and high-quality solar solutions globally.
10. Servotech Power Systems
- Mono PERC solar panels boast high power and efficiency, ensuring optimal performance even in low-light conditions.
- Solar panels are crafted using modern machinery and undergo stringent manufacturing and quality testing procedures.
- Designed for reliability and durability, capable of withstanding harsh weather conditions.
Servotech is one of the leading providers of high-efficiency solar panels, offering a diverse range of products including Mono PERC, Mono Half Cut/Bifacial, and Poly solar panels. Known for their advanced technology and rigorous quality testing, Servotech’s solar panels deliver exceptional performance and durability, even in challenging weather conditions.
With applications spanning residential, commercial, and industrial sectors, these panels help reduce carbon footprints and promote sustainable living.
