Discover India’s top solar panel manufacturers in 2024: Tata Power Solar, Adani Solar, Loom Solar, Waaree Energies, Vikram Solar, and more.
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Highlights of the Solar Industry in 2024
- The ‘Pradhan Mantri Solar Urja Abhiyaan’ (PM Surya Audyogic Yojna) is a government initiative aimed at encouraging widespread adoption of solar energy throughout India. It focuses on deploying solar power systems extensively, with a special emphasis on rural and underserved areas lacking reliable electricity access. The program aims to boost solar energy utilization in households and community settings, aiming to decrease reliance on traditional energy sources while advancing sustainable development goals.
- The government aims to install rooftop solar panels in 1 crore homes across India by 2024, backed by a proposed budget subsidy of ₹50,000 crore. Each home is set to receive an average subsidy of ₹50,000. Uttar Pradesh Power Distribution Company (UPPCL) plans to equip 25,000 homes with rooftop solar within the next 2–3 months.
- The latest advancement in solar panel technology is the TOPCon solar panel, utilizing N-type solar cells to achieve 575W. These panels are bifacial, generating up to 700W from both their front and rear sides, making them particularly advantageous for the Commercial and Industrial sectors.
- Despite initial reluctance due to high upfront costs, many consumers are opting for rooftop solar installations facilitated by financial solutions from banks and non-banking institutions. This approach enables consumers to adopt solar panels through convenient Easy EMI options in India.
Top 10 Solar Panel Manufacturers in India
Delve into the top 10 solar panel manufacturers in India, showcasing their pivotal role in advancing renewable energy solutions nationwide. These industry leaders exemplify innovation, reliability, and commitment to sustainability, driving significant strides in the solar industry.
Tata Power Solar – “Indian Manufacturer“
Tata Power Solar operates one of India’s largest and longest-standing solar panel manufacturing facilities. They are the best Solar Panel Manufacturers, In addition to manufacturing, Tata Solar provides comprehensive EPC services. The company has established a robust presence across industrial, commercial, on-grid, off-grid, and residential sectors. Over the past two decades, Tata Solar has shipped nearly 1.4 GW of solar modules globally and installed 1.5 GW of utility-scale and 200 MW of rooftop solar projects in India.
- Renowned Industry Presence
- Extensive In-house Manufacturing Capability
- With its strong brand reputation, Tata Solar ensures reliability with a 25-year service warranty for its panels.
Adani Solar – “Indian Manufacturer”
Adani Solar operates as a fully owned subsidiary of Adani Enterprises Ltd., a prominent Indian industrial conglomerate. The company is currently establishing the world’s largest greenfield solar manufacturing plant, boasting a capacity of 1.2 GW at a single location. Adani Solar ranks among the top 15 global developers of utility solar power projects and stands as India’s largest best Solar Panel manufacturers of solar cells and modules, with a capacity exceeding 1.5 GW.
- Extensive industry expertise.
- Powerful solar panels are manufactured by Adani Solar.
- Diverse product range without compromising on quality.
Waaree Energies Ltd – “Indian Manufacturer”
Established in 1989, Waaree Energies Ltd. has evolved over three decades to become a leader in the Indian solar energy sector, boasting a robust manufacturing capacity exceeding 12GW. Renowned as India’s largest solar panel manufacturer, Waaree Energies has a widespread presence across 380 locations in India and operations spanning 20 countries globally. The company continues to innovate and expand its footprint in both domestic and international markets, driving advancements in solar technology and sustainable energy solutions.
- Robust Manufacturing Capacity
- Extensive National and Global Presence
- Commitment to Innovation
Vikram Solar – “Indian Manufacturer”
Established in 2006, Vikram Solar has emerged as a significant player in the global solar energy sector, operating in over 32 countries. In India, the company has successfully installed projects totaling 1.42 GW, showcasing its expertise and contribution to the renewable energy landscape. With an impressive annual manufacturing capacity of 3.5 GW modules, Vikram Solar is well-equipped to support India’s ambitious goal of achieving 500 GW of renewable energy capacity by 2030. The company’s portfolio includes over 300 commissioned projects, demonstrating its commitment to advancing sustainable energy solutions across diverse geographical locations.
- Vikram Solar has a global reach.
- The company has a proven track record
- High Manufacturing Capacity
Goldi Solar – “Indian Manufacturer”
The company was Founded in 2011 in Gujarat, Goldi Solar has rapidly expanded its presence in the solar energy sector, supplying products domestically and internationally to over 20 countries. The company has achieved remarkable growth, increasing its manufacturing capacity from 10 MW to 500 MW in just a decade. With an impressive annual manufacturing capability of 2.5 GW, Goldi Solar aims to further enhance its capacity by an additional 2000 MW by the conclusion of 2023, reinforcing its commitment to meeting global renewable energy demands.
- Goldi Solar’s impressive growth trajectory
- The company has a global market leadership
- Goldi Solar has a strong strategic capacity expansion
Saatvik Green Energy Pvt. Ltd. – “Indian Manufacturer”
Founded in 2015 in Haryana, Saatvik Green Energy Pvt. Ltd. has emerged as a significant player in the solar energy sector, boasting an impressive annual production capacity of 1 GW. The company operates a manufacturing plant in Ambala (Haryana) and is in the process of establishing another facility in Gandhidham, Gujarat, with a planned capacity of 1.2 GW. This expansion underscores Saatvik Green Energy’s commitment to enhancing its manufacturing capabilities and contributing further to India’s renewable energy goals.
- Saatvik Green Energy Pvt. Ltd. has Achieved rapid growth since its 2015 launch.
- Currently produces 1 GW of solar annually.
- Expanding operations with planned 1.2 GW capacity.
Renewsys India
Established in 2011, Renewsys India has grown significantly over its 12-year journey, currently boasting a total installed module manufacturing capacity of 2.75 GW. The company provides a diverse range of solar products such as solar panels, PV cells, PV encapsulants (EVA & POE), and PV back sheets. Renewsys serves a global clientele across more than 40 countries. Operating manufacturing facilities in Bengaluru, Hyderabad, and Patalganga, Renewsys is committed to advancing solar technology and expanding its global footprint in the renewable energy sector.
- Renewsys India has a robust 2.75 GW manufacturing capacity globally.
- Offers solar panels, PV cells, encapsulants for diverse applications.
- Operates successfully in over 40 countries worldwide, establishing global presence.
Loom Solar Pvt. Ltd. – “Indian Manufacturer”
Since its establishment in 2018 in Faridabad, Haryana, Loom Solar has been actively engaged in manufacturing solar panels in India. The company focuses on providing solar panels to facilitate the generation of clean energy. Loom Solar has developed a widespread sales network with over 3500 resellers operating across 500 districts throughout India. Currently, Loom Solar maintains an annual manufacturing capacity of 100 MW, contributing significantly to the country’s renewable energy sector.
- Loom Solar has rapidly expanded in the solar panel manufacturing sector since 2018.
- The company maintains a network of over 3500 resellers nationwide.
- Loom Solar is committed to advancing clean energy with reliable solar solutions.
Insolation Energy – “Indian Manufacturer”
Established in October 2015 in Jaipur, Rajasthan, India, Insolation Energy Ltd. (INA) is a prominent national supplier of solar energy solutions. The company operates a modern, fully automated solar PV module production facility, as well as manufacturing batteries and inverters, all located in Jaipur.
Insolation Energy Ltd.’s 200 MW Solar PV Module Production Unit is designed by experienced promoters and engineers with deep expertise in solar panel manufacturing. They specialize in producing high-efficiency PV modules ranging from 40Wp to 545Wp.
- Insolation Energy Ltd. operates a cutting-edge 200 MW Solar PV Module Production Unit.
- Founded in 2015, Insolation Energy Ltd.** is led by experienced promoters and engineers.
- Insolation Energy Ltd. offers comprehensive solar solutions, including PV modules, batteries, and inverters.
Pixon Energy – “Indian Manufacturer”
Headquartered in Rajkot, Pixon is a prominent player in India’s solar energy sector, renowned for its substantial 400 MW capacity in solar module manufacturing. In addition to producing high-quality solar modules, Pixon offers comprehensive EPC (Engineering, Procurement, and Construction) services. The company also plays a crucial role in the solar supply chain by manufacturing essential materials like EVA films, ensuring reliability and efficiency across its operations in the renewable energy market.
- Pixon Energy boasts a robust 400 MW solar module production capacity.
- Offers comprehensive EPC services for solar energy projects.
- Pixon Energy manufactures critical solar panel materials like EVA films.
FAQ
Does Solar Panel Work in Night or During Monsoon?
Solar panels do not produce electricity at night; they rely on sunlight. To use solar energy after sunset, a battery storage system is essential to store surplus power generated during the day. During monsoons, efficiency may decline due to clouds, although sunlight can still penetrate to some extent.
What is the average life of a solar panel?
Solar panels generally have an average lifespan of around 25 years.
How much electricity does a 1 kW solar panel generate and what is its installation space requirement?
A 1 kW solar panel typically generates around 4 units of electricity per day on average. In terms of installation, it requires approximately 8 square meters of space.
Is it possible to install solar panels without an inverter and battery for daytime usage?
Yes, in an on-grid solar system, an inverter converts DC electricity to AC for use with the grid, but a battery is not required. No, an off-grid solar system requires both an inverter for DC to AC conversion and a battery for energy storage. A hybrid solar system uses an inverter for DC to AC conversion and may include a battery for energy storage as needed.
Which are the top-rated solar panel brands available in India?
Some of the best solar panel brands available in India include Tata Power Solar, Adani Solar, Loom Solar, Waaree Energies, Vikram Solar, Goldi Solar, and Saatvik Green Energy. These brands are known for their quality, reliability, and innovation in the solar energy sector.