Top 10 Solar Panel Manufacturers in India

India is emerging as a global leader in the renewable energy sector, with solar power at the forefront of this transformation. The country has rapidly adopted solar technology to sustainably meet its growing energy demands.

As part of this movement, several Indian solar manufacturers have made significant contributions by producing world-class solar modules, cells, and other equipment. These companies are advancing India’s renewable energy goals and positioning themselves as strong competitors in the global market.

In this blog, we’ll explore the top solar manufacturers in India, their unique offerings, and how they’re shaping the future of clean energy.

List of Best Solar Companies in India

1. Waaree Energies Limited

• Establishment Year: 2007
• Annual Manufacturing Capacity (Module): 12 GW
• Annual Manufacturing Capacity (Cell): 5.4 GW
• ALLM Enlisted Capacity (as of 26/12/2024): 11.91 GW

Waaree Energies, established in 1990, is India’s largest solar PV module manufacturer, with an aggregate installed capacity of 12 GW as of June 2024.

With a strong commitment to delivering cost-effective and sustainable energy solutions, the company operates five manufacturing facilities across India and has a global presence.

Waaree offers a wide range of solar modules designed for various applications, including agrivoltaics, BIPV, and flexible modules, showcasing its leadership in the renewable energy sector.

Available Modules Technology:

Highest Efficiency Module: https://waaree.com/wp-content/uploads/2024/02/ELITE-SERIES-BiN-03-680-715-WEL-EPD-680-715-132-BiN-HC-06-31.08.2024-2.pdf

2. ReNew

• Establishment Year: 2015
• Annual Manufacturing Capacity (Module): 6.4 GW
• Annual Manufacturing Capacity (Cell): 2.5 GW (*Under Construction)
• ALLM Enlisted Capacity (as of 26/12/2024): 4.6 GW

ReNew is the leading decarbonization solutions company listed on Nasdaq. ReNew’s clean energy portfolio of 16.3 GW as of November 2024 is one of the largest globally.

In addition to being a major independent power producer in India, we provide end-to-end solutions in a just and inclusive manner in clean energy, green hydrogen, and value-added energy offerings through digitalization, storage, and carbon markets that increasingly are integral to addressing climate change.

Available Modules Technology:

Highest Efficiency Module: https://www.renew.com/solar-pv

3. Adani Solar

• Establishment Year: 2017
• Annual Manufacturing Capacity (Module): 4.5 GW
• Annual Manufacturing Capacity (Cell): 2 GW
• ALLM Enlisted Capacity (as of 26/12/2024): 4 GW

Adani Solar is India’s first and largest vertically integrated solar PV manufacturer, with a manufacturing capacity of 4 GW for cells and modules and 2 GW for ingots and wafers.

The company’s vision is to create the world’s only fully integrated 10 GW solar manufacturing ecosystem, geographically co-located in Mundra, India.

Adani Solar’s comprehensive ecosystem covers every step, from metallurgical-grade silica to polysilicon, ingots, wafers, solar cells, and modules.

Available Module Technology:

Highest Efficiency Module: https://www.adanisolar.com/Product-TOPCon-shine-series

4. Vikram Solar

• Establishment Year: 2009
• Annual Manufacturing Capacity (Module): 3.5 GW
• Annual Manufacturing Capacity (Cell): N.A.
• ALLM Enlisted Capacity (as of 26/12/2024): 2.6 GW

Vikram Solar is one of India’s largest solar PV module manufacturers, with robust installed manufacturing. With factories strategically located in Falta SEZ (Kolkata, West Bengal) and Oragadam (Chennai, Tamil Nadu), Vikram Solar benefits from seamless access to ports, rail, and road networks, facilitating domestic and international operations.

With over 15 years of experience in the solar PV industry, Vikram Solar has built strong engineering capabilities to manufacture high-efficiency modules.

The company is a trusted name in the global solar market for its “Made in India” products, combining state-of-the-art equipment, robust in-house processes, and a worldwide supply chain and distribution network.

Available Modules Technology:

Highest Efficiency Module: https://www.vikramsolar.com/wp-content/uploads/2023/02/Suryava_12-132-2024-GG-R00-All.pdf

5. Goldi Solar

• Establishment Year: 2011
• Annual Manufacturing Capacity (Module): 6.4 GW
• Annual Manufacturing Capacity (Cell): 2.5 GW (*Under Construction)
• ALLM Enlisted Capacity (as of 26/12/2024): 2.4 GW

Founded in 2011 and headquartered in Surat, Gujarat, Goldi Solar serves international brands across 20+ countries, including the USA, UAE, Turkey, Myanmar, and Italy.

Goldi Solar expanded its manufacturing capacity in a decade from a modest 10 MW to an impressive 500 MW, reaching a milestone of 2.5 GW by FY22-23, with a state-of-the-art 2 GW plant in Navsari.

Building on this momentum, Goldi Solar is set to scale its module manufacturing capacity from the current 3 GW to a staggering 14 GW by mid-FY26, with plans to achieve 4 GW in cell manufacturing by FY27.

Available Modules Technology:

Highest Efficiency Module: https://goldisolar.com/heloc/wp-content/uploads/2024/04/Goldi_Product_Brochure_April_2024.pdf

6. Premier Energy

• Establishment Year: 1995
• Annual Manufacturing Capacity (Module): 3.36 GW
• Annual Manufacturing Capacity (Cell): 2 GW
• ALLM Enlisted Capacity (as of 26/12/2024): 2.5 GW

Premier Energies is a leading manufacturer of solar cells and modules, supported by GEF Capital, a private equity investor based in Washington, DC. Known for its innovative technology, the company produces high-quality photovoltaic products and solutions.

Its state-of-the-art manufacturing facilities span three locations in Telangana, covering a total area of over 44.91 acres. As of March 31, 2024, Premier Energies has an annual production capacity of 2 GW for solar cells and 3.36 GW for solar modules.

Additionally, a new Topcon cell and module lines are under development on 75 acres of land, further expanding its manufacturing capabilities.

Available Modules Technology:

Highest Efficiency Module: https://www.premierenergies.com/downloads/newfiles/PE-144%20HC%20TOPCon_Bifacial%20Dual%20Glass%20560-590W.pdf

7. EMMVEE

• Establishment Year: 1992
• Annual Manufacturing Capacity (Module): 4 GW
• Annual Manufacturing Capacity (Cell): N.A.
• ALLM Enlisted Capacity (as of 26/12/2024): 2.59 GW

EMMVEE is a leading Indian manufacturer of solar photovoltaic (PV) modules and solar water heating systems with over 30 years of experience. The company operates with a production capacity of 1.25 GW and aims to expand to 5 GW for PV modules and 1.5 GW for solar cells by 2024.

Their global reach includes North America, Europe, the Middle East, and Africa. EMMVEE’s partnership with Fraunhofer ISE highlights its focus on innovation and efficiency in solar technology.

Available Modules Technology:

Highest Efficiency Module:  https://emmvee.com/wp-content/uploads/2024/10/144-Half-cut-cell-transparent-back-sheet.pdf

8. Rayzon Solar

• Establishment Year: 2017
• Annual Manufacturing Capacity (Module): 4 GW
• Annual Manufacturing Capacity (Cell): N.A.
• ALLM Enlisted Capacity (as of 26/12/2024): 1.6 GW

Rayzon Solar, established in 2017, began with a 40 MW manufacturing capacity and steadily grew to 150 MW in 2020 and 300 MW by 2021. By 2022, the company set its sights on becoming a global leader in solar panel exports, focusing on markets in Europe, America, Africa, and the Middle East.

With ambitious plans to achieve a 12 GW production capacity by 2025, Rayzon Solar continues to emphasize sustainability, innovation, and global outreach.

Available Modules Technology:

Highest Efficiency Module:  https://rayzonsolar.com/img/datasheet/topcon-2024-210%20×182-cells-210R.pdf

9. Saatvik

• Establishment Year: 1992
• Annual Manufacturing Capacity (Module): 3.8 GW
• Annual Manufacturing Capacity (Cell): N.A.
• ALLM Enlisted Capacity (as of 26/12/2024): 1.74 GW

Saatvik Solar is a prominent Indian solar manufacturer known for its advanced technology and large-scale solar solutions. The company is expanding its production capacity.

It plans to increase annual output to 3 GW by 2023 at its facility in Ambala and an additional 2 GW at a new site in Gandhidham, Gujarat. Saatvik also aims to establish a world-class infrastructure in the USA for global export.

Their innovative N-TopCon modules offer up to 625 Wp output and up to 22.4% efficiency. Saatvik’s growth and technological innovations position it as a key player in the solar industry.

Available Modules Technology:

Highest Efficiency Module: https://saatvikgroup.com/wp-content/uploads/2024/11/BIFACIAL-N-TOPCon.pdf

10. Renewsys

• Establishment Year: 1992
• Annual Manufacturing Capacity (Module): 3.8 GW
• Annual Manufacturing Capacity (Cell): 130 MW
• ALLM Enlisted Capacity (as of 26/12/2024): 1.63 GW

RenewSys, a leading solar panel manufacturer in India and a part of the Enpee Group specializes in producing solar modules, cells, and components. With a manufacturing capacity of 2.5 GW for polycrystalline and monocrystalline modules, the company serves both domestic and international markets.

Its advanced facilities at multiple locations ensure a strong supply chain and prompt delivery. Dedicated to innovation and sustainability, RenewSys continues to lower solar energy costs while enhancing product efficiency, solidifying its position in the renewable energy sector.

Available Modules Technology:

Highest Efficiency Module:  https://www.renewsysworld.com/_files/ugd/e121d2_b8f15caf1c814a54b7463d158e5c281f.pdf

Note: 𝘛𝘩𝘦 𝘳𝘢𝘯𝘬𝘪𝘯𝘨𝘴 𝘱𝘳𝘦𝘴𝘦𝘯𝘵𝘦𝘥 𝘪𝘯 𝘵𝘩𝘪𝘴 𝘣𝘭𝘰𝘨 𝘢𝘳𝘦 𝘣𝘢𝘴𝘦𝘥 𝘰𝘯 𝘵𝘩𝘦 𝘔𝘞 𝘤𝘢𝘱𝘢𝘤𝘪𝘵𝘺 𝘥𝘢𝘵𝘢 𝘱𝘳𝘰𝘷𝘪𝘥𝘦𝘥 𝘣𝘺 𝘈𝘓𝘓𝘔 𝘢𝘯𝘥 𝘢𝘳𝘦 𝘯𝘰𝘵 𝘪𝘯𝘵𝘦𝘯𝘥𝘦𝘥 𝘵𝘰 𝘪𝘯𝘥𝘪𝘤𝘢𝘵𝘦 𝘸𝘩𝘦𝘵𝘩𝘦𝘳 𝘢 𝘮𝘢𝘯𝘶𝘧𝘢𝘤𝘵𝘶𝘳𝘦𝘳 𝘪𝘴 𝘨𝘰𝘰𝘥 𝘰𝘳 𝘣𝘢𝘥. 𝘐𝘯 𝘵𝘩𝘦 𝘥𝘺𝘯𝘢𝘮𝘪𝘤 𝘴𝘰𝘭𝘢𝘳 𝘮𝘢𝘯𝘶𝘧𝘢𝘤𝘵𝘶𝘳𝘪𝘯𝘨 𝘮𝘢𝘳𝘬𝘦𝘵, 𝘵𝘩𝘦𝘳𝘦 𝘢𝘳𝘦 𝘯𝘰 𝘱𝘦𝘳𝘮𝘢𝘯𝘦𝘯𝘵 𝘭𝘦𝘢𝘥𝘦𝘳𝘴 𝘰𝘳 𝘭𝘢𝘨𝘨𝘢𝘳𝘥𝘴—𝘦𝘷𝘦𝘳𝘺 𝘮𝘢𝘯𝘶𝘧𝘢𝘤𝘵𝘶𝘳𝘦𝘳 𝘩𝘢𝘴 𝘵𝘩𝘦 𝘱𝘰𝘵𝘦𝘯𝘵𝘪𝘢𝘭 𝘵𝘰 𝘪𝘮𝘱𝘳𝘰𝘷𝘦 𝘵𝘩𝘦𝘪𝘳 𝘤𝘦𝘭𝘭 𝘢𝘯𝘥 𝘮𝘰𝘥𝘶𝘭𝘦 𝘲𝘶𝘢𝘭𝘪𝘵𝘺 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘰𝘶𝘴 𝘳𝘦𝘴𝘦𝘢𝘳𝘤𝘩 𝘢𝘯𝘥 𝘵𝘦𝘤𝘩𝘯𝘰𝘭𝘰𝘨𝘪𝘤𝘢𝘭 𝘢𝘥𝘷𝘢𝘯𝘤𝘦𝘮𝘦𝘯𝘵𝘴. 𝘐𝘵 𝘪𝘴 𝘤𝘳𝘶𝘤𝘪𝘢𝘭 𝘧𝘰𝘳 𝘣𝘶𝘺𝘦𝘳𝘴 𝘵𝘰 𝘤𝘰𝘯𝘥𝘶𝘤𝘵 𝘵𝘩𝘰𝘳𝘰𝘶𝘨𝘩 𝘳𝘦𝘴𝘦𝘢𝘳𝘤𝘩 𝘣𝘦𝘧𝘰𝘳𝘦 𝘮𝘢𝘬𝘪𝘯𝘨 𝘢 𝘱𝘶𝘳𝘤𝘩𝘢𝘴𝘦, 𝘤𝘰𝘯𝘴𝘪𝘥𝘦𝘳𝘪𝘯𝘨 𝘧𝘢𝘤𝘵𝘰𝘳𝘴 𝘭𝘪𝘬𝘦 𝘱𝘳𝘰𝘥𝘶𝘤𝘵 𝘲𝘶𝘢𝘭𝘪𝘵𝘺, 𝘤𝘦𝘳𝘵𝘪𝘧𝘪𝘤𝘢𝘵𝘪𝘰𝘯𝘴, 𝘸𝘢𝘳𝘳𝘢𝘯𝘵𝘺, 𝘢𝘯𝘥 𝘢𝘧𝘵𝘦𝘳-𝘴𝘢𝘭𝘦𝘴 𝘴𝘦𝘳𝘷𝘪𝘤𝘦 𝘵𝘰 𝘦𝘯𝘴𝘶𝘳𝘦 𝘵𝘩𝘦 𝘣𝘦𝘴𝘵 𝘷𝘢𝘭𝘶𝘦 𝘧𝘰𝘳 𝘵𝘩𝘦𝘪𝘳 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵.