Best Solar Panel Manufacturers in India 2023

Solar power in India is amongst the fastest developing industries of India. The country’s installed solar capacity has reached 35.14 GW as per the recent statistics. The Make in India initiative has given rise to several solar panel manufacturers in India. India has established nearly 42 solar parks to make the land available to the promoters of solar plants. There are around 16 solar cell manufacturers in India. The manufacturing firms have a capacity of 100 MW.  

The solar cell technology has upgraded over the last few years. The solar panel manufacturing business in India is worth for a sum of $52.63 million. India has expanded its solar panel manufacturing business from 2,650 MW to 28.18 GW in the last few years. 

The solar panel manufacturing business in India contributes 20% to the GDP. Earlier India used to rely on the import of solar panel from China and other countries. However, the Make in India promoted the manufacturing of the solar panels in India, which decreased the import rate. The solar panels manufactured in India are more durable and sturdy in comparison to the ones produced in China. Indian solar cells are, on average, 20-30% more expensive than cells manufactured in China. Here is a list of the top solar panel manufacturers in India.

1. Vikram Solar

Vikram Solar Pvt. Ltd. is a company that specializes in the production of high-efficiency PV module manufacturing comprehensive solutions. The company has an international customer base across six continents. The company has been an active contributor in shaping the solar revolution and has also been recognized amongst the leading solar energy providers. Vikram Solar was established in 2006 and ever since its inception has carried forward its legacy of extensive manufacturing of solar panels. Vikram solar also ships 1.3 GW worth of high-efficiency modules all around the world. The company is considered as the best Tier 1 PV module manufacturers. The solar panels produced by the company are of high quality and are made as per the international standards. The company also handles 750 MW of projects in India and also in other countries around the world.

 Products

  • Solar panls
  • PV modules
  • EPC
  • ELDORA

Location: ‘The Chambers’, 8th Floor, 1865, Rajdanga Main Road,

Kolkata – 700107, West Bengal, India

2. Waaree Energies

Waree Engines was founded in 1989 and is the best solar panel manufacturing company. The company focuses on providing EPC services, project development, rooftop solutions, solar pumps and independent power producer. The company has a manufacturing capacity of 1.5 GW and additionally supplies solar modules all over the world. 

Waree Energies also works on 500 MW worth of projects. The company has an active presence in around 280 locations nationally and 68 countries internationally. The company is considered to be Indias most extensive solar PV module, manufacturers. The company with more than 30 years of experience in the field has become the leading name in the solar panel manufacturers of India.

Products

  • PV Module
  • Inverters
  • Batteries
  • Water Pumps
  • Solar Products

Location: Survey No. 38/1, Tumb Village, Tumb, Umbergaon, Valsad, Gujarat – 396150

3. Tata Power Solar

Tata Power Solar is a part of the Tata group. The company exports its solar panels to around 150 countries of the world. Tata group provides an estimated generation of 1.12 million units annually and also has a production of 820.8kWp solar rooftop system. The Tata Power Solar also has to its credit the installation of world’s largest solar rooftop installation on a cricket stadium namely the cricket club of India. Tata solar panels over the period have become the most trusted solar manufacturers over the world.

Products

  • Solar water pumps
  • Solar panels
  • PV modules

Location: Tata Power Solar Systems Limited, 2nd Floor, The Tata Power Company Limited, Corporate Center B, 34 Sant Tukaram Road, Carnac Bunder, Mumbai – 400 009

4. Goldi Green Technologies

Goldi Green Technologies was established in 2011 with a production capacity of 10 MW. The company has become the fastest-growing solar PV module manufacturers. Over the years the company rose its production from 500 MW TO 1 GW. The company takes pride in the production of solar modules that are certified for various geographic locations. The solar panels made by the company combine maximum efficiency and also help in optimizing temperature control. The solar panels even provide high performance in the extreme conditions of sunlight. Goldi’s products are well-respected and praised, and the products are exported to 12 countries globally.

Products

  • Mono modules
  • Solar panels
  • PV Modules
  • Poly Modules

Location: Indra Prakash Building, 520, 21, Barakhamba Rd, New Delhi, Delhi 110001

5. Adani Solar

Adani Solar is the Solar PV manufacturing arm of the industrial giant Adani Group which has been setting up benchmarks across various fields. Adani Solar is India’s first and largest vertically integrated solar company that has been offering products along with services around the spectrum of photovoltaics manufacturing. It is Indian’s largest Solar PV cell and modules manufacturer with a capacity of 1.5 GW. Also, it looks forward to optimizing their technology and expanding themselves up to 3.5 GW of annual capacity production making it to the Top 15 Solar Manufacturers in the Global Market.

Products

  • Solar Panels
  • PV Modules
  • Encore Multi Crystalline
  • Eternal Mono PERC
  • Elan Bifacial

Location – Adani Solar, 2nd floor – South Wing, Shantigram, SG – Highway,
Ahmedabad – 382421, Gujarat, India

Are you planning to start with the solar panel manufacturing business? Looking to collaborate with solar panel manufacturers in India? Reach out to us at exportsconnect.com by filling in the form. We have a list of the leading with solar panel manufacturers in India that you can collaborate with for business expansion.

FAQ’s

1. What is Solar Panel?

A solar panel is an assembly of solar cells that can convert light directly into electricity. By combining the capacity of several solar panels, part of a family’s electricity needs can be covered. At the moment, depending on the type of panel, 5 to 19 % of the light energy can be converted into electricity. This is known as the “output” of the panel. Using solar panels you can convert sunlight, which is free and inexhaustible, into electricity. This conversion is achieved thanks to the so-called “semiconductor” material from which each solar cell is made.

2. Why should I install solar panels on my home or business?

Installing solar panels is one of the most beneficial means of generating electricity, both financially and environmentally whether its for a home or business.

Solar panels provide a means of producing your own clean energy from a renewable source rather than relying on carbon intensive fuels.  Photovoltaic (PV) modules not only eliminate tons of carbon every year, they earn you money by reducing your monthly power bill. What you don’t use is sold back to the grid (for grid-tied applications) and credited to you accordingly.

Over a 25+ lifespan, the cost of generating electricity from home solar panels is significantly less than continually leasing your electricity from a retailer. The best part is, solar energy will never run out!

3. What kind of maintenance is involved for solar energy systems?

Very little maintenance is required with a solar energy system. A quality-designed system will typically only need a good washing every year or so, and only then assuming the modules are dirty. Solar has no moving parts; if it is designed and installed correctly, a SunPower system should produce for 40+ years. Mid-range quality systems you can count on for 30+ years.

4.  How do photovoltaics work?

Sunlight on photovoltaic (PV) modules produces direct current (DC) electricity which is converted to alternating current (AC) by a device called an inverter, which is then wired into your main service panel where it feeds your internal power grid.

5. What is the potential available in India?

According to a study conducted by TERI, a potential of 748 GWp SPV plants has been estimated in the country. This can be achieved through active supports from the States.

6. Why Solar Power is Sustainable?

Solar power is considered to be a renewable and sustainable form of energy. Why exactly is it sustainable while many other forms of energy are not?

Solar is sustainable because it is created by converting the sun’s rays into electricity. Sunlight isn’t going anywhere and the sun has risen every day since the beginning of time. You can’t exhaust the supply of sunlight and it never slows down. All over the Earth, there is way more sunlight than we need to produce enough electricity for everyone.

By comparison, think about fossil fuels. We go through drastic measures to extract it from the ground and transport it around the globe. While fossil fuels have served a valuable purpose in helping to develop the world, sunlight is readily available everywhere. By simply setting up the right type of equipment, you can harness that sustainable energy source right at home.

Fossil fuels take many years to produce and there is a finite supply of them.

Solar power doesn’t run out, and it is plentiful enough to provide the energy the planet needs and then some.

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