Top 10 Solar Power Companies in India

India is experiencing rapid growth in its solar sector, positioning itself as a global leader in renewable energy adoption. The government’s ambitious targets have accelerated the deployment of solar panels nationwide, impacting both urban centers and rural communities. This shift is largely attributed to the efforts of several pioneering companies that are driving innovation and expanding access to clean energy across the country.

List of Top 10 Indian Solar Power Companies

Here are the best solar power companies located in India:

1. Waaree Energies

Waaree Energies is India’s largest solar PV module manufacturer, boasting a global presence and a manufacturing capacity of approximately 15 GW for solar modules and 5.4 GW for solar cells. Headquartered in Mumbai, Waaree is recognized for its innovation, quality, and sustainability practices.

Key Highlights:

• Year of  Incorporation : 1989
• Extensive manufacturing facilities across India and Texas, USA.
• Offers a wide range of solar solutions, including panel manufacturing, EPC services, project development, and rooftop systems.
• Achieved the prestigious EcoVadis Gold Medal for ESG excellence, placing it among the top 5% of global companies for responsible business practices.
• Strong export presence and a robust domestic market share.

2. Tata Power Solar

Backed by the Tata Group, Tata Power Solar is one of the oldest and most trusted solar companies in India. It operates across manufacturing, EPC services, and innovative solar products.

Key Highlights:

• Year of  Incorporation : 1989
• Over 32 years of operational experience and a portfolio that includes over 2.5 GW of exported modules and 9.7 GWp in EPC projects.
• Headquartered in Bangalore, with a strong focus on both large-scale and rooftop solar solutions.
• Renowned for its reliability, quality, and positive environmental impact, having reduced carbon footprints by millions of tons.

3. Adani Solar

Adani Solar, part of the Adani Group, is India’s first and largest vertically integrated solar PV manufacturer. It covers the entire solar value chain from polysilicon to modules.

Key Highlights:

• Year of  Incorporation : 2015
• Manufacturing capacity of 4 GW for cells and modules, and 2 GW for ingots and wafers.
• Aims to create a 10 GW fully integrated solar manufacturing ecosystem at Mundra, Gujarat.
• Supplies both domestic and global markets, with a strong focus on technological advancement and sustainability.

4. Vikram Solar

Vikram Solar is a leading module manufacturer and integrated solar solutions provider with a significant international footprint.

Key Highlights:

• Year of  Incorporation : 2006
• Annual production capacity of 4.5 GW across facilities in West Bengal and Tamil Nadu.
• Specializes in high-efficiency PV modules, EPC solutions, and O&M services.
• Known for quality, innovation, and a strong export presence in over 32 countries.

5. Loom Solar

Loom Solar, founded in 2018 in Faridabad, Haryana, has rapidly emerged as a leading renewable energy brand focusing on cutting-edge solar panels, inverters, and lithium batteries.

Key Highlights:

• Year of  Incorporation : 2018
• 300 MW manufacturing capacity and a presence in over 500 districts across India.
• Leader in mono-panel technology and rooftop solar solutions.
• Powered over 50,000 homes and aims to reduce carbon footprints at the household level.

6. Goldi Solar

Goldi Solar is one of India’s fastest-growing solar PV module manufacturers, with a strong reputation for quality and innovation.

Key Highlights:

• Year of  Incorporation : 2011
• Headquartered in Surat, Gujarat, with a current manufacturing capacity of 3 GW and plans to scale to 14 GW by 2026.
• Supplies to over 20 countries and has earned the ‘Top Performer’ Kiwa PVEL ranking for 2024.
• Focuses on premium quality, rigorous quality checks, and sustainability.

7. Sova Solar

Sova Solar specializes in silicon crystalline-based solar products for both grid-connected and off-grid applications.

Key Highlights:

• Year of  Incorporation : 2008
• Based in Kolkata, with manufacturing and supply capabilities across India.
• Committed to cost-effective, high-quality solar solutions and supporting the global shift to renewable energy.

8. Fenice Energy

Overview: Fenice Energy is an emerging player in the Indian solar sector, known for providing integrated clean energy solutions and innovative solar technologies.

Key Highlights:

• Year of  Incorporation : 1959
• Offers solar panel installations, energy storage, and smart energy management systems.
• Focuses on residential, commercial, and industrial solar projects, contributing to India’s renewable energy goals.

9. Azure Power

Overview: Azure Power is a prominent independent power producer (IPP) specializing in large-scale solar power projects across India.

Key Highlights:

• Year of  Incorporation : 2008
• Develops, owns, and operates utility-scale solar projects.
• Known for its robust project pipeline and contribution to India’s grid-connected solar capacity.

10. Other Noteworthy Companies

While the above companies are among the most prominent, India’s solar sector also includes other significant players such as Renew Power, Jakson Group, and Solex Energy, each contributing to the nation’s clean energy ambitions.

Conclusion

India’s solar industry is vibrant, competitive, and rapidly evolving. The companies highlighted above are at the forefront of this transformation, driving innovation, quality, and sustainability in the renewable energy space. Their efforts are pivotal in helping India achieve its ambitious solar and climate goals.

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