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01.March.24

Top 10 Solar Panel Manufacturing Companies In India in 2024

India’s relentless pursuit of renewable energy has finally paid off with the country’s installed renewable energy capacity increasing from 115.94 GW in March 2018 to 172 GW in 2023. Globally, India has the fourth largest installed capacity of renewable energy as per Renewable Energy Statistics 2023 released by the International Renewable Energy Agency.

As part of the One Sun, One World, One Grid (OSOWOG) project proposed by the International Solar Alliance (ISA), India is poised to become a leading supplier of solar power to neighboring countries with the $1 trillion ‘Solar Investment Roadmap for 2030’.

Additionally, at COP26 2021 the RE target for India was set to 500 GW for 2030, intensifying the efforts and pace of implementation. The Government of India intends to promote the use and manufacturing of renewable energy and expedite production capacity building with favorable policies. It provides an opportunity for RE businesses to attract foreign direct investments, collaborate with the Government of India, boost startups, and support MNRE in its objectives. Encouragement to startups and MSMEs and Government subsidies are paving the way to enable and adopt renewable energy at a mass scale.

A country that meets the demands of a population of 1.3 billion requires a massive supply of energy. While traditional resources, like coal, are reaching the verge of depletion along with generating harmful emissions, a longstanding energy alternative is required in India. Some top Solar panel manufacturers company in India are shedding the load of the Indian Government by providing quality solar energy solutions. Solar energy is expected to contribute to almost 55% of India’s overall renewable energy capacity, and it is good news for solar panel manufacturing companies. Listed here, are the top 10 solar PV module manufacturers in India that are significantly contributing to the green energy vision of the Government of India.

Here is a list of Best solar panel manufacturing companies in India

Insolation Energy

Incorporated in October 2015 in Jaipur (Rajasthan) India, Insolation Energy Ltd. (INA) is a national solar energy provider and has set up a state-of-the-art, fully automatic solar PV module manufacturing plant at Jaipur. It is one of the Top 10 Solar Panel Manufactures companies in India that integrates leading-edge technology in its manufacturing process.

As a responsible solar panel manufacturing company in India, Insolation Energy makes sure to employ the best industrial talent. The most modern 200 MW Solar PV Module Manufacturing Unit is conceptualized by promoters and engineers, engaged from the best Institute and Industry, having relevant domain expertise in solar panel manufacturing, and caters to high-efficiency PV Modules in the range of 40Wp to 545Wp.

Its dedicated personnel leave no stone unturned to pursue the green energy initiatives of India. The company as one of the top solar cell manufacturers in India boasts a comprehensive portfolio of solar energy products with the vision of a sustainable future. It is the diversified strength of INA that has helped it reach the benchmark of the best solar panel company in India. The portfolio covers both Poly and Mono crystalline modules and new innovative products such as Twin Power, Dual Glass (Glass to Glass), BIPV, Poly, and Monofacial/Bifacial.

The company’s solar PV modules are rated highly efficient, provide better generation, and offer unique technical advantages across varied applications. A robust infrastructure, the latest technology, and unquestionable quality are the key strengths of the manufacturing process of the company. The fully automatic, state-of-the-art solar panel manufacturing unit is spread over more than 65,000 SQFT area with the latest robotic machinery and stringent Quality Assurance process from inward stage to final QA, which delivers A-grade quality solar PV modules, conforming to all international/domestic standards such as UL, MNRE, CE, BIS –IS: 14286 etc. in the brand name of INA.

Reflecting its vitality in every phase of manufacturing, the company sits among the reputed solar module manufacturers in India. In a small span of 8 years and after successive and intensive trials initially, INA has emerged as a leading solar manufacturer in India with significant contributions in the EPC / Solar developer domain and a strong brand committed to a successful track record of developing, engineering, constructing, and connecting more than 250 MW*+ of solar PV modules Supply and with more than 10000+ Happy Customers.

INA modules come with international quality and BIS standards and have a positive impact on the growth of Commercial, Industrial, Residential, and off-grid segments of solar business from Watts to KW to MW. A time-bound structure is followed at Insolation Energy, the best solar manufacturer in India, to deliver effective results when expected. In over 8 years, INA was able to deliver more than 600+ projects across the nation.

Moreover, uncompromised quality is ensured upon the delivery of each and every project. Hence, the company takes pride in being and envisions continuing one of the top solar panel (PV Module) manufactures companies in India. The company plans to expand its present capacity to 700 MW and is in the process of setting up its state-of-the-art manufacturing plant of 500 MW, and is on its way to be part of GW scale manufacturing and MW scale storage solution.

Read more: The PM KUSUM Yojana: Components, Objectives, Benefits, and Eligibility Criteria

Goldi Solar

Goldi Solar is a leading Indian solar panel manufacturing company headquartered in Surat, Gujarat. The company has grown its manufacturing capacity from 10 MW to 500 MW in the last decade. The company offers industrial, commercial, residential, agricultural and on-grid and off-grid solar projects.

Tata Power

This is an eminent renewable power manufacturer from India with three decades of solar industry operations, making some of the best solar panels. An industry-leading company with a production capacity of 580 MW of modules and 530 MW of cells, Tata Power has a stronghold in rooftop solar panels with 750 MW of installations. The company offers industrial, commercial, residential, and on-grid and off-grid solar projects.

Read more: 4 Different Types Of Solar Panels (2023): Overview & Advantages

Vikram Solar

This company is a major solar energy solution provider. With operations in over six continents, Vikram Solar is headquartered in Kolkata, West Bengal, and is one of the largest solar PV module manufacturers. They have over 1 GW of solar production capacity and a 10 kW floating solar plant in Kolkata.

Waaree Energies

Based in Mumbai, Maharashtra, Waaree Energies is one of the significant players in the solar manufacturing industry. With operations across India as well as abroad, the company offers EPC services, project development, solar rooftop solutions, solar water pumps, and power plant solutions. They have a 2 GW module manufacturing facility in Surat.

Premier Energies

Hyderabad-based Premier Energies is a leading solar EPC company with over 25 years of experience in PV cells and module manufacturing. They have sold 1.5 GW modules worldwide. They have recently launched a new solar plant with a capacity of 750 MW for each cell and module.

Read more: Factors that Determine the Prices of Solar Inverters

RenewSys India

This company manufactures solar modules and key components like PV cells, back sheets, and encapsulants. With 3 manufacturing facilities, the Mumbai-based company supplies to over 40 countries worldwide.

Pixon

This Rajkot-based company manufactures solar modules and is one of the top 10 solar manufacturers in India with a 400 MW capacity. Pixon also provides EPC services and manufactures raw materials such as EVA films.

Read more:What is DCR & NON-DCR Solar PV Module?

Adani Solar

Adani Solar is a wholly-owned subsidiary of Adani Enterprises Ltd., a leading conglomerate in India. The company is listed among the 15 largest utility solar power developers in the world and manufactures solar modules and cells in Mundra, Gujarat.

Navitas Solar

Navitas Solar manufactures mono/multi-crystalline solar photovoltaic (PV) modules. Apart from solar panels, the Surat-based company also provides a complete lifecycle of solar power solutions and project development in solar power plants.

Read more:Types of Solar Power Plants: How To Choose The Right One

Frequently Asked Questions

What is solar panel?

Solar panels are devices that generate power from sunlight. Their solar cells are silicon semiconductors. Sunlight turns on semiconductor electrons in solar cells, providing an electric current.

How solar panels work?

Solar panels work on the principles of Photovoltaic (PV) technology. The photovoltaic effect converts sunlight into electricity in solar panels. This procedure produces clean, renewable energy.

Who invented the first solar panel?

Charles Fritts in 1881 invented the first commercial solar panel. It was continuous, consistent and of substantial force not just by exposure to sunshine but also to faint, diffused daylight.

What do solar panels cost?

The capacity, technology, version, model, quality, manufacturer, and brand of the solar panel determine its price. Solar panel prices depend on the characteristics provided and comparable criteria for other solar system components. Get in touch with Insolation – one of the top 10 solar panel manufacturing companies in India.

Which are the best solar panels in India?

Choosing the finest solar panel for your house or company is important. Applications, capacity, technology, durability, temperature, brands, and user evaluations may assist you decide better. For more comprehensive details, you can get in touch with Insolation - one of the best solar panel manufacturing companies in India.
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