India’s journey toward solar energy leadership is a result of careful planning and execution. Government initiatives and industry innovations have played key roles in this growth. By the end of 2022, solar energy production in India began to rise significantly. The country is not merely catching up; it is often at the forefront of solar advancements. The Union Public Service Commission (UPSC) has implemented policies that support the solar sector’s development.
Government schemes aim to add 30,800 MW of solar and other renewable capacity by 2022, backed by financial support of ₹34,422 crore, including service charges. What will this mean for the future of energy in India? What will it mean for the global patterns of renewable energy? With the recent push towards sustainable energy, many solar panel manufacturers have entered the country.
Top 10 Solar Panel Manufacturers in India
1. Tata Power Solar System
Tata Power Solar System is among the top solar panel manufacturers in India, and is a large player among the country’s largest utilities pushing energy solutions in all major cities of India and some other countries. In March this year, Tata Power Solar was awarded a Letter of Award (LOA) by NLC India Limited (previously known as Neyveli Lignite Corporation Limited).
The project, which has a Domestic Content Requirement, was awarded a Letter of Award totaling ₹1,755 crore and is for 300 MW. The project will be set up in Barsingar, in the Bikaner district, and is expected to produce over 750 million energy units while saving 600,000 tons of carbon dioxide from being emitted per year.
Year of Foundation: 1991
Website: https://www.tatapowersolar.com/
2. Waree Energies Limited
Waaree Group’s core company is Waaree Energies. Its located in Mumbai. The chairman of the board and company director is Hitesh Chimanlal Doshi. Waaree is one of the prominent manufacturers of solarpanels in India. Recently Waaree Energies Ltd. commissioned a solar energy project with a capacity of 122.5 MWp in Madhya Pradesh.
The project is expected to produce 349 million units of electricity each year and decrease Carbon Dioxide emissions by 3,73,422 metric tons. (source). The annual electricity produced will be enough to meet the annual electricity needs of approximately 153,125 houses. Waaree is in discussions with HNI to raise ₹1,000 crore at a valuation of ₹13,000 crore.
Year of Foundation: 1989
Website: https://waaree.com/
3. Adani Solar
Adani Solar and its parent company, the Adani Group, one of India’s most powerful financial groups, are financing this product, which has risen to become a pillar of the solar industry.
The research team with the photovoltaic producer established the largest monocrystalline silicon ingot in India last year. The new production line has began producing ingots only for Adani Solar’s solar wafers, solar cells, and solar modules.
Having finished the testing procedures of its product qualification process, they have achieved certification as the top performer in the PVEL ranking, 2023 model year.
Year of Foundation: 2015
Website: https://www.adanigreenenergy.com/
4. Vikram Solar
Vikram Solar is a leader in the large-scale solar manufacturing sector in India with business presence on all six continents. They are known as a leader among solar panel manufacturers in India due to the mover’s advantage. They are headquartered in Kolkata, and they are also planning to enter the US manufacturing market. They are making a substantial move into the US market, investing a sum up to USD$1.5 billion, beginning construction on a factory in Colorado next year.
Year of foundation: 2006
Website: https://www.vikramsolar.com/
5. EMMVEE
EMMVEE is based in Bangalore, India, where it manufactures solar panels. In the budget segment of solar water heaters, EMMVEE is the leading player. They have executed photovoltaic projects totaling 14 MW in Northern Germany, 13 MW in rooftops, and over 140 MW in India. They have already commenced construction on a new series of solar cells and modules. Karnataka is constructing a cell line with a capacity of 1.5 GW that connects to a module with a capacity of 1.75 GW.
The overall module capacity will significantly increase at this facility to 3 GW.
Year of foundation: 1992
Website: https://emmvee.com/
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6. Saatvik Green Energy Pvt. Ltd.
Saatvik Green Energy Pvt. Ltd. plays an active role in the solar energy sector, generating 1 GW of energy each year. They manufacture mono- and bifacial mono-PERC solar panels intended for both commercial and residential use. The company operates in the USA as well, with its stock maintained in states of California and India.
Year of foundation: 2016
Website: https://saatvikgroup.com/
7. Goldi Solar
Goldi Solar, a company based in Gujrat, is a solar panel manufacturer. In just 11 years, they have experienced phenomenal growth, scaling from 10 MW to 500 MW. They sell their solar panels to over 20 countries. They have 1,500 employees. With a production capacity of 2.5 GW annually, and plans to add 2000 MW by the end of 2023, they are making a 5,000 crore investment to improve capacity for module manufacturing. Goldi Solar aims to start production of solar cells in FY 2023-2024.
Year of foundation: 2011
Website: https://goldisolar.com/
8. Servotech Power Systems
Servotech is one of the most respectable solar panel manufacturers in India. Servotech has a huge footprint in clean energy. Over the past 18+ years since its founding, Servotech has done many projects. The company has submitted many solar power projects to state governments, state nodal agencies, fuel retailers, oil refineries, and many others. The company designs the PV ports, the first portable solar rooftop system.
Year of foundation: 2004
Website: https://www.servotech.in/
9. Photon Energy Systems
Since 1995, Photon Energy Systems has been established in the solar industry. Photon Energy Systems, located in Hyderabad, manufactures solar panels, flat plate collectors, and evacuated tube collectors for solar thermal systems. The firm has a division for engineering, procurement, and construction to assist with solar rooftop and solar power plant installations.
Year of foundation: 1995
Website: https://photonsolar.in/
10. Jakson
Jakson is a conglomerate with a focus on energy that operates in the solar energy sector. The business manufactures solar panels and solar inverters. Its Noida-based solar panel manufacturing plant has an annual production capacity of 1.2 gigawatts, and it aims to increase its capacity to 3 gigawatts by 2025. It also provides engineering, procurement and construction services, as well as operations and maintenance services, for rooftop solar and utility-grade solar projects.
Year of foundation: 1947
Website: https://www.jakson.com/
Conclusion
India’s solar panel manufacturing industry is a testament to the country’s commitment to the future of sustainability.The greatest solar panel manufacturers in India don’t just manufacture solar panels; they are changing the map of energy, driving innovations, and making India shine as a global leader in the solar energy sector.
But one thing is for sure, it’s the sun that’s rising on India’s solar future, and the future looks incredibly bright.Truly impressive by any analytical yardstick is the progress and prospects of the manufacturing of solar panels in India. It is an exciting time to be part of this industry and to witness the unbelievable work being done by the manufacturers, installers, and policy-makers alike.
FAQs
1. What is the mechanism by which solar panels produce electricity?
Solar panels absorb sunlight and convert it into electricity (direct current). The current produced (DC) is changed into AC aka alternating current. This process is called Photoelectric Effect.
2. How long will a Solar PV System last if I were to install one at my place?
Solar PV System can easily last up to 20 – 25 years. If taken care of, the system can work at at least 70% efficiency even after 25 years.
3. To keep the Solar PV System in good operating order, what kind of maintenance routine should I follow?
Solar PV System is very easy to maintain. Keep the following points in mind.
- Remove dust from the panels regularly.
- Take the help of experts every 15 days to get rid of bird droppings and cobwebs.
- Do not scrub the surface of the panels. Experts will use a special brush to make the panels sparkling clean.
- Opt for value-added maintenance services.
4. When the sky is overcast how does that affect power generation?
The efficiency will be affected a bit as compared to regular, sunny days. However, your solar system will still generate electricity with the cloud cover on.
5. How does shade affect the performance of a solar PV system?
Shading has a great effect on the performance of a solar PV system. The shaded area prevents direct contact between sunlight and solar panels and reduces the power generation capacity of the latter.
6. Who were the initial solar panel manufacturers in India?
Tata Power Solar Systems Ltd, Moser Baer, Bharat Heavy Electricals Ltd, Lanco Infratech Ltd, and Indosolar Limited were the first few Solar panel manufacturers in India.
