“Explore the top 10 solar companies in India transforming the energy landscape with cutting-edge solar solutions. Delve into comprehensive insights on Tata Power Solar, Adani Solar, Vikram Solar, and more. Understand their innovative technologies, extensive market presence, key projects, financial performance, strategic partnerships, and future growth plans. Discover the leaders in India’s solar industry driving sustainable development and renewable energy adoption.”
Table of Contents
1. Tata Power Solar Systems Ltd
| Aspect | Details |
|---|---|
| Overview | Subsidiary of Tata Power, with over 30 years of experience |
| Products and Services | Solar PV modules, solar rooftops, solar pumps, large-scale solar projects, solar water heaters, solar lighting systems |
| Key Projects | 100 MW solar project in Andhra Pradesh, 150 MW project in Tamil Nadu, multiple solar rooftop installations across India |
| Achievements | Installed capacity of over 4 GW across India, numerous awards for sustainability and innovation |
| Market Presence | Strong presence in both residential and industrial sectors, significant market share in India |
| Technological Innovations | Advanced PV module technology, integrated energy solutions, smart solar applications |
| Financial Performance | Consistently strong financial performance backed by the Tata Group |
| Partnerships | Collaborations with international firms for technology and innovation |
| Future Plans | Expanding into energy storage solutions, increasing rooftop solar installations, exploring international markets |
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A subsidiary of Tata Power, Tata Power Solar is a pioneer in the solar energy sector with over 30 years of experience. It is known for its high-quality products and innovative solutions.
Products and Services:
- Solar PV modules
- Solar rooftops
- Solar pumps
- Large-scale solar projects
- Solar water heaters
- Solar lighting systems
Key Projects:
- 100 MW solar project in Andhra Pradesh
- 150 MW project in Tamil Nadu
- Multiple solar rooftop installations across India
- Solar power solutions for the agricultural sector, including solar water pumps
Achievements:
- Installed capacity of over 4 GW across India
- Recognized as one of India’s leading solar EPC contractors
- Numerous awards for sustainability and innovation in solar energy
Strengths:
- Strong brand reputation backed by the Tata Group
- Extensive experience in solar energy projects
- Comprehensive service offerings from residential to large-scale industrial projects
- Strong R&D capabilities focused on improving solar technology
2. Adani Solar
| Aspect | Details |
|---|---|
| Overview | Part of the Adani Group, fully integrated solar PV manufacturer and EPC provider |
| Products and Services | Solar PV modules, solar cells, large-scale solar power projects, solar rooftops, EPC services |
| Key Projects | Kamuthi Solar Power Project, multiple utility-scale projects across Rajasthan, Tamil Nadu, and Karnataka |
| Achievements | Over 2 GW of installed solar capacity, significant contribution to India’s solar capacity additions |
| Market Presence | Dominant player in utility-scale solar projects, expanding presence in rooftop solar |
| Technological Innovations | High-efficiency solar modules, integrated supply chain from silicon to modules |
| Financial Performance | Robust financial performance supported by the Adani Group’s diversified business interests |
| Partnerships | Partnerships with international technology providers for advanced PV modules |
| Future Plans | Developing more solar parks, enhancing manufacturing capacity, expanding international footprint |
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A part of the Adani Group, Adani Solar is a fully integrated solar PV manufacturer and EPC provider. It is one of the largest solar PV manufacturers in India and has significant project development expertise.
Products and Services:
- Solar PV modules
- Solar cells
- Large-scale solar power projects
- Solar rooftops
- EPC services
Key Projects:
- Kamuthi Solar Power Project, one of the world’s largest solar parks
- Multiple utility-scale projects across Rajasthan, Tamil Nadu, and Karnataka
- Development of solar parks with capacities exceeding 1 GW
Achievements:
- Over 2 GW of installed solar capacity
- High-efficiency solar modules with advanced technology
- Significant contribution to India’s solar capacity additions
Strengths:
- Large-scale production capabilities
- Integrated supply chain from silicon to solar PV modules
- Significant project execution expertise and financial strength
- Global presence with export markets in Europe and the USA
3. Vikram Solar
| Aspect | Details |
|---|---|
| Overview | Leading solar energy solutions provider, specializing in high-efficiency PV module manufacturing |
| Products and Services | Solar PV modules, EPC services, rooftop solar solutions, floating solar power plants, solar energy storage solutions |
| Key Projects | 10 MW solar power plant in Gujarat, 130 MW project in Rajasthan, floating solar projects in West Bengal |
| Achievements | Over 1.2 GW of installed solar capacity, strong export market presence |
| Market Presence | Significant presence in both domestic and international markets, especially in Europe and Africa |
| Technological Innovations | Advanced manufacturing technology, focus on high-efficiency modules |
| Financial Performance | Strong financial growth supported by international sales and innovative products |
| Partnerships | Collaborations with global technology firms for R&D and innovation |
| Future Plans | Expanding floating solar projects, increasing manufacturing capacity, exploring new export markets |
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Vikram Solar is a leading solar energy solutions provider, specializing in high-efficiency PV module manufacturing. The company has a strong presence both in India and internationally.
Products and Services:
- Solar PV modules
- EPC services
- Rooftop solar solutions
- Floating solar power plants
- Solar energy storage solutions
Key Projects:
- 10 MW solar power plant in Gujarat
- 130 MW project in Rajasthan
- Floating solar projects in West Bengal
- International projects in Europe and Africa
Achievements:
- Over 1.2 GW of installed solar capacity
- Award-winning solar module technology
- Strong export market presence
Strengths:
- Advanced manufacturing technology with high-efficiency modules
- Focus on innovation and sustainability
- Robust global presence and partnerships
- Strong R&D capabilities
4. Waaree Energies Ltd
| Aspect | Details |
|---|---|
| Overview | One of India’s largest vertically integrated solar energy solutions companies |
| Products and Services | Solar PV modules, EPC services, solar rooftop solutions, solar water heaters, solar pumps |
| Key Projects | 50 MW solar project in Maharashtra, 100 MW project in Gujarat, numerous rooftop solar installations |
| Achievements | Over 2 GW of installed solar capacity, numerous awards for innovation and excellence |
| Market Presence | Strong distribution network across India, significant market share in solar PV modules |
| Technological Innovations | State-of-the-art manufacturing facilities, high-efficiency PV modules |
| Financial Performance | Consistent financial performance with strong revenue growth |
| Partnerships | Strategic alliances with international solar companies for technology and innovation |
| Future Plans | Expanding manufacturing capacity, increasing focus on rooftop solar and energy storage solutions |
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Waaree Energies is one of India’s largest vertically integrated solar energy solutions companies, known for its high-quality solar products and comprehensive EPC services.
Products and Services:
- Solar PV modules
- EPC services
- Solar rooftop solutions
- Solar water heaters
- Solar pumps
Key Projects:
- 50 MW solar project in Maharashtra
- 100 MW project in Gujarat
- Numerous rooftop solar installations across commercial and residential sectors
Achievements:
- Over 2 GW of installed solar capacity
- Consistent ranking among the top solar EPC contractors in India
- Numerous awards for innovation and excellence in solar energy
Strengths:
- High production capacity with state-of-the-art manufacturing facilities
- Extensive product range catering to diverse customer needs
- Strong distribution network across India
- Focus on quality and customer satisfaction
5. ReNew Power
| Aspect | Details |
|---|---|
| Overview | Leading renewable energy company with a significant focus on solar energy |
| Products and Services | Solar power generation, EPC services, energy storage solutions, wind-solar hybrid projects |
| Key Projects | 250 MW solar power plant in Rajasthan, 300 MW project in Karnataka, multiple hybrid projects |
| Achievements | Over 5 GW of total installed capacity, recognized for leadership in renewable energy |
| Market Presence | Strong presence in both utility-scale and rooftop solar markets |
| Technological Innovations | Innovative hybrid projects, advanced energy storage solutions |
| Financial Performance | Strong financial backing and investment capabilities |
| Partnerships | Collaborations with global technology firms for hybrid and storage solutions |
| Future Plans | Expanding hybrid projects, increasing focus on energy storage solutions, enhancing rooftop solar offerings |
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ReNew Power is a leading renewable energy company in India, with a significant focus on solar energy. It has a diversified portfolio that includes both wind and solar power projects.
Products and Services:
- Solar power generation
- EPC services
- Energy storage solutions
- Wind-solar hybrid projects
Key Projects:
- 250 MW solar power plant in Rajasthan
- 300 MW project in Karnataka
- Multiple hybrid projects combining wind and solar energy
Achievements:
- Over 5 GW of total installed capacity
- Recognized for its leadership in renewable energy by various industry bodies
- Strong presence in both utility-scale and rooftop solar markets
Strengths:
- Large project portfolio with a focus on scalability
- Strong financial backing and investment capabilities
- Innovative energy solutions including hybrid projects
- Commitment to sustainability and reducing carbon footprint
6. Azure Power
| Aspect | Details |
|---|---|
| Overview | Prominent solar power producer known for strong project execution capabilities |
| Products and Services | Solar power generation, EPC services, solar rooftops |
| Key Projects | 200 MW solar project in Punjab, 150 MW project in Andhra Pradesh, numerous rooftop solar installations |
| Achievements | Over 2 GW of installed solar capacity, recognized for high project efficiency and execution standards |
| Market Presence | Significant presence in utility-scale solar projects, growing footprint in rooftop solar |
| Technological Innovations | High-efficiency solar installations, focus on project optimization |
| Financial Performance | Solid financial performance, strong investor confidence |
| Partnerships | Partnerships with international technology providers for advanced solar solutions |
| Future Plans | Increasing focus on rooftop solar, expanding utility-scale projects, exploring new markets |
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Azure Power is a prominent solar power producer in India, known for its strong project execution capabilities and focus on utility-scale solar projects.
Products and Services:
- Solar power generation
- EPC services
- Solar rooftops
Key Projects:
- 200 MW solar project in Punjab
- 150 MW project in Andhra Pradesh
- Numerous rooftop solar installations for commercial clients
Achievements:
- Over 2 GW of installed solar capacity
- One of the first companies to launch a solar IPO in India
- Recognized for high project efficiency and execution standards
Strengths:
- High project efficiency and on-time delivery
- Experienced management team with deep industry knowledge
- Solid financial performance and investor confidence
- Strong focus on utility-scale projects
7. Sterling and Wilson Solar
| Aspect | Details |
|---|---|
| Overview | Global pure-play, end-to-end solar EPC solutions provider |
| Products and Services | Solar EPC services, operation & maintenance, solar hybrid systems |
| Key Projects | 250 MW solar project in Maharashtra, 150 MW project in Egypt, various projects across Asia, Africa, and the Middle East |
| Achievements | Over 5 GW of solar projects commissioned globally, consistent recognition as a top global solar EPC contractor |
| Market Presence | Strong global presence with projects in over 25 countries |
| Technological Innovations | Advanced EPC solutions, innovative project management techniques |
| Financial Performance | Robust financial performance with strong revenue growth |
| Partnerships | Strategic alliances with global technology firms for EPC and hybrid solutions |
| Future Plans | Expanding global footprint, increasing focus on hybrid solar projects, enhancing O&M services |
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A Shapoorji Pallonji Group company, Sterling and Wilson Solar is a global pure-play, end-to-end solar EPC solutions provider with a strong presence in India and abroad.
Products and Services:
- Solar EPC services
- Operation & maintenance (O&M)
- Solar hybrid systems
Key Projects:
- 250 MW solar project in Maharashtra
- 150 MW project in Egypt
- Various projects across Asia, Africa, and the Middle East
Achievements:
- Over 5 GW of solar projects commissioned globally
- Consistent recognition as a top global solar EPC contractor
- Numerous awards for excellence in project execution
Strengths:
- Global presence with projects in over 25 countries
- Extensive EPC experience with large-scale solar projects
- High-quality project execution and customer satisfaction
- Strong corporate backing and financial stability
8. Jakson Group
| Aspect | Details |
|---|---|
| Overview | Diversified energy and infrastructure company with a strong presence in the solar sector |
| Products and Services | Solar PV modules, EPC services, solar rooftops, energy storage solutions, solar generators |
| Key Projects | 20 MW solar power plant in Uttar Pradesh, 50 MW project in Rajasthan, numerous rooftop solar installations |
| Achievements | Over 1 GW of installed solar capacity, recognized for innovation and excellence in solar technology |
| Market Presence | Strong presence in industrial and commercial solar solutions |
| Technological Innovations | Diverse product offerings, innovative energy storage solutions |
| Financial Performance | Consistent financial performance with strong revenue growth |
| Partnerships | Collaborations with international solar companies for technology and innovation |
| Future Plans | Expanding energy storage solutions, increasing focus on rooftop solar, exploring new markets |
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Jakson Group is a diversified energy and infrastructure company with a strong presence in the solar sector. It offers a wide range of solar solutions for various applications.
Products and Services:
- Solar PV modules
- EPC services
- Solar rooftops
- Energy storage solutions
- Solar generators
Key Projects:
- 20 MW solar power plant in Uttar Pradesh
- 50 MW project in Rajasthan
- Numerous rooftop solar installations for industrial and commercial clients
Achievements:
- Over 1 GW of installed solar capacity
- Recognized for innovation and excellence in solar technology
- Strong partnerships with international solar companies
Strengths:
- Diverse product offerings catering to various market segments
- Strong industry expertise and innovative solutions
- Focus on quality and customer satisfaction
- Robust R&D and technology capabilities
9. Mahindra Susten
| Aspect | Details |
|---|---|
| Overview | Leading solar EPC company offering a wide range of renewable energy solutions |
| Products and Services | Solar EPC services, operation & maintenance, renewable energy consulting, solar rooftops, solar water heaters |
| Key Projects | 250 MW solar project in Telangana, 130 MW project in Karnataka, numerous rooftop solar installations |
| Achievements | Over 2 GW of installed solar capacity, numerous awards for sustainability and innovation |
| Market Presence | Strong presence in both domestic and international markets |
| Technological Innovations | Advanced EPC solutions, focus on sustainable energy practices |
| Financial Performance | Strong financial backing from the Mahindra Group, consistent revenue growth |
| Partnerships | Collaborations with global technology firms for advanced EPC solutions |
| Future Plans | Expanding renewable energy consulting services, increasing focus on O&M and rooftop solar |
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Part of the Mahindra Group, Mahindra Susten is a leading solar EPC company in India, offering a wide range of renewable energy solutions.
Products and Services:
- Solar EPC services
- Operation & maintenance (O&M)
- Renewable energy consulting
- Solar rooftops
- Solar water heaters
Key Projects:
- 250 MW solar project in Telangana
- 130 MW project in Karnataka
- Numerous rooftop solar installations for residential and commercial clients
Achievements:
- Over 2 GW of installed solar capacity
- Numerous awards for sustainability and innovation in solar energy
- Strong presence in both domestic and international markets
Strengths:
- Strong corporate backing from the Mahindra Group
- Diverse service offerings from consulting to O&M
- Commitment to sustainability and environmental stewardship
- High-quality project execution and customer satisfaction
10. Amplus Solar
| Aspect | Details |
|---|---|
| Overview | Member of the Petronas Group, focuses on providing distributed solar solutions for commercial and industrial clients |
| Products and Services | Rooftop solar solutions, ground-mounted solar projects, energy management services, solar carports, solar energy storage solutions |
| Key Projects | 15 MW rooftop solar project across Haryana, 75 MW ground-mounted project in Karnataka, various solar installations for multinational corporations |
| Achievements | Over 800 MW of operational solar capacity, recognized for innovative distributed solar solutions |
| Market Presence | Strong presence in commercial and industrial solar solutions |
| Technological Innovations | Innovative distributed solar solutions, advanced energy management services |
| Financial Performance | Financial stability backed by the Petronas Group, strong revenue growth |
| Partnerships | Strategic alliances with multinational corporations for solar installations |
| Future Plans | Expanding energy storage solutions, increasing focus on solar carports and distributed solar |
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Amplus Solar, a member of the Petronas Group, focuses on providing distributed solar solutions for commercial and industrial clients.
Products and Services:
- Rooftop solar solutions
- Ground-mounted solar projects
- Energy management services
- Solar carports
- Solar energy storage solutions
Key Projects:
- 15 MW rooftop solar project across Haryana
- 75 MW ground-mounted project in Karnataka
- Various solar installations for multinational corporations
Achievements:
- Over 800 MW of operational solar capacity
- Recognized for its innovative distributed solar solutions
- Strong client relationships with leading corporations
Strengths:
- Innovative solutions tailored to commercial and industrial clients
- Strong client relationships and customer satisfaction
- Financial stability backed by the Petronas Group
- Focus on sustainability and reducing energy costs for clients
The solar industry in India is booming, driven by a combination of government policies, technological advancements, and corporate investment. The top 10 solar companies in India are at the forefront of this revolution, contributing significantly to the nation’s renewable energy goals. As India continues to embrace solar power, these companies are set to play a critical role in shaping a sustainable and energy-efficient.
FAQs on Solar Companies in India :
Q. What are the top 10 solar companies in India?
- Tata Power Solar Systems Ltd
- Adani Solar
- Vikram Solar
- Waaree Energies Ltd
- ReNew Power
- Azure Power
- Sterling and Wilson Solar
- Jakson Group
- Mahindra Susten
- Amplus Solar
Q. What are the top 5 solar stocks to invest in India?
- Tata Power Company Ltd
- Adani Green Energy Ltd
- Azure Power Global Ltd
- Vikram Solar Ltd
- Waaree Energies Ltd
Q. Which solar company is listed in NSE?
- Tata Power Company Ltd
- Adani Green Energy Ltd
Q. Who is the best solar company?
The “best” solar company can be subjective and depends on various factors such as market performance, innovation, customer satisfaction, and financial stability. Tata Power Solar Systems Ltd and Adani Solar are often considered among the top due to their extensive experience, large-scale projects, and strong financial backing.
Q. What is the rank of solar in India?
India ranks 4th globally in solar power capacity, following China, the USA, and Japan.
Q. Which is India’s happiest solar company?
“Happiest” can be subjective, but in terms of employee satisfaction and company culture, Tata Power Solar Systems Ltd is often praised for its positive work environment.
Q. Who is the biggest solar company?
Adani Solar is considered one of the biggest solar companies in India in terms of installed capacity and project portfolio.
Q. Which 10 RS share is best?
While stock prices fluctuate, here are some shares that are often considered good investments under Rs. 10:
- Suzlon Energy Ltd
- Reliance Power Ltd
- Vodafone Idea Ltd
- Jaiprakash Associates Ltd
- Bank of Maharashtra
Q. Is Tata Power a good buy?
Tata Power is generally considered a good buy due to its diversified portfolio in renewable energy, strong financials, and growth prospects in the solar sector.
Q. Which solar company is Reliance buying?
Reliance Industries has acquired a significant stake in Sterling and Wilson Solar, aiming to enhance its renewable energy portfolio.
Q. Which solar company is Tata Group?
The Tata Group operates in the solar sector through Tata Power Solar Systems Ltd.
Q. Which stock will boom in 2024?
Predicting the stock market can be challenging, but renewable energy companies, especially in the solar sector like Tata Power and Adani Green Energy, are expected to perform well due to the global shift towards sustainable energy.
Q. Which is India’s number one solar company?
Tata Power Solar Systems Ltd and Adani Solar are often cited as India’s leading solar companies due to their large market share, extensive project portfolio, and innovation in solar technology.
Q. Is Suzlon a good buy?
Suzlon Energy Ltd can be considered a good buy due to its efforts to restructure debt and focus on the renewable energy sector, but it carries higher risk due to its financial history.
Q. Is Adani Green Energy a good buy?
Adani Green Energy Ltd is considered a good buy due to its strong growth prospects, large project pipeline, and focus on renewable energy, although it might be subject to market volatility.
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