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Top 12 Solar Panel Manufacturers in India 2020

Inspired by our honourable Prime Minister Sh. Narendra Modi’s mottos of #atamnirbharindia and #vocalforlocal, eSun Solar has taken up the challenge to promote local manufacturers in Indian solar industry.

eSun Solar has created a quick view profile of top 12 PV Module manufacturers of India.The quick view profiles will help end customers in making informed decisions while selecting PV solar modules. These 12 PV module manufacturing companies have been selected purely based on their capacity, quality of their products, in house lab, R&D, customer loyalty, international certifications & awards, current market share, future potential, ability to lead in future and expansion plans etc.

The information about Indian PV module manufacturers has been collected from various sources to best of our abilities.

According to JMK Report, Indian module manufacturer Waaree is the front runner for solar panels sale in India. Waaree constitutes to be approx 10% of total sale of 8,697 MW. Waaree is followed by Adani and Vikram from Indian manufacturers.

Approx 50% of total modules supplied in India are manufactured by Indian companies, which is a positive sign for solar manufacturing in India. Here is a chart published by JMK report for Solar Modules sale.

If you wish to receive regular weekly update of solar panel prices and solar cell prices, please save this number (7973951800) in your phone book and click below link for your acceptance and share your name, we will send you WhatsApp message as soon as the prices are updated.

A Brief About the Company

Waaree Energies Ltd. is the flagship company of Waaree Group, founded in 1989 with a focus on instrumentation business. In the year 2007 Waaree started manufacturing of solar PV modules with 30 MW manufacturing capacity, expanded its capacity to 250 MW in 2013 then 550 MW and now Waaree has India’s largest state-of-the-art module manufacturing facility of 2GW.

Waaree is both a global leading manufacturer of solar PV modules and a provider of solar energy solutions, with over 2500 employees globally. Waaree has delivered more than 3GW of premium quality solar modules to customers in over 30 countries in the past 12 years. Waaree is the only Indian company to be listed consecutively for 21 quarters in Bloomberg New Energy Finance’s Tier 1 Module Manufacturers ranking in terms of bankability. Waaree has over 350 franchisees across India which is the largest sales and service network held by any solar company.

Company LeadershipMr. Hitesh Doshi (CMD)
Capacity2 GW Solar PV Modules
Future plansPlanning to expand module manufacturing facility to 4GW and also setting up of solar cell manufacturing with a capacity of 500 MW
ProductsSolar PV Module, Inverters, Energy Storage Solutions, Solar &   Electric Water Pumps, Solar Thermal, Solar Franchisee, Solar Street Lights and other solar products.
Line speciality manufacturingSolar PV modules ranging from 40Wp – 450 Wp in Poly and Mono Crystalline, BIPV Modules, Flexible Modules & AC Modules, Half Cut, MBB, Automatic Line
EL Stages3 Stages
Inhouse Quality & R&D LabYes
PV Modules CertificationsIEC61215, IEC61730-1&2, IEC62804 (PID), IEC61701, IEC60068 (Sand Dust), IEC62716 (Ammonia Resistance), UL 1703, MCS, JET, CAN
Third party insuranceBlack & Veatch, Intertek, and Mumich RE
Any Awards/ Tier – 1 / CertificationsTier-1 by Bloomberg
Office Location602, Western Edge- I Off. Western Express Highway, Borivali (East) Mumbai – 400066, Maharashtra, India
Factory locationsSurat & Tumb (Vapi), Gujarat
Emailwaaree@waaree.com
Websitehttps://www.waaree.com/
Waaree Energies

Adani Solar Logo
A Brief About the Company

Adani Solar is the Solar PV manufacturing and EPC arm of the Adani Group, a $13 billion global conglomerate with interests spanning across Resources, Logistics, Energy and Agriculture among others. Adani’s presence in the solar manufacturing sector contributes to India’s climate goals and bolsters its vision of embracing a healthier energy mix.

Adani Solar is India’s 1st and largest vertically integrated solar company that offers products along with services across the spectrum of photovoltaics manufacturing. Adani Solar is currently the only DCR integrated manufacturer of cells and Modules with high efficiency of Poly/Multi , Mono PERC and Bifacial technologies.

Adani is India’s largest Solar PV cell and modules manufacturer with DCR capacity of 1.5 GW at Mundra, Gujarat. Adani’s future expansions are already underway with capacity expansions to greater than 4GW DCR Cells and Modules by Q2 2021 making it the largest Indian Manufacturer and amongst top 15 in Global capacities for both cells and modules. Adani Solar is also the fastest growing Solar EPC Company with projects over 250 MW commissioned and over 500 MW under execution.

Adani Solar was fortunate to experience many landmarks within a short span.

  1. Potential Generation estimate accredited by 3rd Party validated PAN & IAM files – Assuring Higher Generations – upto 3% higher yield in actual installation than peers
  2. Adani Solar has India’s best logistics services support for import-exports i.e. Air, Sea, Rail, Land, Road
  3. Adani Solar Modules approved by over 35 banks – Non-recourse finance making it the most bankable Indian Solar company.
  4. Factory audited by renowned bodies like solar buyer, CEA, Black & Veatch, TUV Rheinland
  5. Largest & only Bifacial Cell and module manufacturer from India

Over millions of customers across the globe are now powered with Adani Solar’s panels, which delivers green, clean and reliable energy and help to lower their electricity bills in future.

By Getting SUNplugged with Adani Solar, customers will be producing their own solar power to save money and the environment by contributing green, clean energy to this planet.

Company LeadershipMr. Ramesh Nair (CEO)
Capacity1.5 GW Solar PV Modules and 1.5 GW PV Solar Cell
Future plansExpanding cell and module facility with High Efficiency Bifacial Technology to 4GW
ProductsDCR Solar Cell and DCR Solar Module (Multi, Mono PERC, Bifacial – PERC, Bifacial PERT)
Line speciality manufacturingFull Cell , Half Cut, MBB, Automatic Layup, Automatic Line
EL Stages3 Stages
Inhouse Quality & R&D LabYes with full fledged In-house lab for testing of IEC 61215:2016, IEC 61730:2016, IEC 62804, IEC 62716, IEC 62759, IEC 62782
PV Modules CertificationsBIS (IS 14286:2010), IEC 61730, IEC61215:2016, IEC61730-1&2, 3 X IEC62804 (PID), IEC61701, IEC60068 (Sand Dust), IEC62716 (Ammonia Resistance), UL 61730, UL 61215, UL 1703, MCS, JET, CAN , CEC California , CEC Australia, IEC 62759, IEC 62782, IEC 60068
Third party insuranceMunich RE / AM + Best Rated Insurance for Warranty
Any Awards/ Tier – 1 / CertificationsTier-1 by Bloomberg
Only Indian manufacturer to be awarded PVEL – DNVGL Top Performer Module Manufacturer for 2020, 2019 & 2018
Awarded Prestigious Golden peacock National Quality Award  (GPNQA)– 2020-2021 by Institute of Directors, India – regarded as benchmark for Corporate Excellence.
Awarded the prestigious IRIM manufacturing excellence award -2019
Office LocationAdani Solar, 2nd floor – South Wing, ACH, Shantigram, SG – Highway, Ahmedabad – 382421, Gujarat, India
Factory locationsMundra, Bidada, Kutch, Gujarat, India
Emailcs@adani.com
Websitehttps://www.adanisolar.com/
Adani Solar

A Brief About the Company

Vikram Solar Limited (formerly known as Vikram Solar Pvt. Ltd.) is a globally recognized leading solar energy solutions provider, specializing in high efficiency PV module manufacturing and comprehensive EPC solutions. With an international presence across 6 continents, Vikram is an active contributor in shaping the solar revolution in India.

Vikram Solar’s rated annual PV Module manufacturing capacity has been upgraded to 1 GW mark in 2017 and 1.2 GW currently. In line with the company’s focus on adopting pioneering and innovative technologies, its manufacturing facility has the finest machinery and equipment imported from the United States, Switzerland, Germany and Japan.

Company LeadershipMr. Gyanesh Chaudhary  (MD)
Capacity1.2 GW Solar PV Modules
Future plans3 GW Capacity of wafers, solar cells and solar modules in Chennai
ProductsSolar PV Module
Line speciality manufacturingHalf Cut, MBB, Automatic Layup, Automatic Line
EL Stages3 Stages
Inhouse Quality & R&D LabYes
PV Modules CertificationsIEC61215, IEC61730-1&2, IEC62804 (PID), IEC61701, IEC60068 (Sand Dust), IEC62716 (Ammonia Resistance), UL 1703, MCS, JET, CAN
Third party insurance
Any Awards/ Tier – 1 / CertificationsTier-1 by Bloomberg
Office LocationThe Chambers’, 8th Floor, 1865, Rajdanga Main Road,
 Kolkata – 700107, West Bengal, India
Factory locationsFalta, West Bengal
Emailsales@vikramsolar.com
Websitehttps://www.vikramsolar.com/
Vikram Solar

A Brief About the Company

RenewSys is the 1st integrated manufacturer of solar PV Modules and its key components – Encapsulants, Backsheets and Solar PV Cells. Established in 2012 with headquarters in Mumbai, India, RenewSys has two manufacturing facilities at Hyderabad – PV Modules 750 MW & PV Cells – 130 MW  &  Bengaluru – Encapsulants – 1.4 GW  & Backsheets – 3 GW.

RenewSys has offices in India, Mauritius, Nigeria, South Africa, Singapore, UAE, UK, China and representative offices in USA, Mexico, Brazil and countries across Europe; our distributor network is evolving as well. RenewSys is the renewable energy arm of the ENPEE Group, a diversified global conglomerate with a heritage of nearly 60 years of manufacturing excellence. A global workforce of over 3000 enables the ENPEE group to touch millions of lives across 35+ countries in 4 continents.

Company LeadershipMr. Avinash Hiranandani (Global CEO & MD)
Capacity750 MW Solar PV Modules , 130 MW PV Solar Cell,
1.4 GW Encapsulants and 3 GW Backsheets
Future plansNot Available
ProductsSolar PV Module , Solar PV Cell, Encapsulants, Backsheets
Line speciality manufacturingGerman solar cell manufacturing line,  European module manufacturing line. Automatic Layup
EL Stages2 Stages
Inhouse Quality & R&D LabYes (Intertek Certified Satellite PV Lab RenewSys Hyderabad) (NABL Certified PV Lab for Encapsulants & Backsheets)
PV Modules CertificationsIEC61215, IEC61730-1&2, IEC62804 (PID), IEC61701, IEC60068 (Sand Dust), IEC62716 (Ammonia Resistance), UL 1703, CAN
Third party insuranceMunich RE
Any Awards/ Tier – 1 / CertificationsISO 9001:2015, OHSAS 18001:2007 certified plant
Office LocationRenewSys India Pvt. Ltd. 98, Jolly Maker Chambers No. 2, 225, Nariman Point, Mumbai – 400 021, Maharashtra, India
Factory locationsHyderabad
Emailrenewsys@renewsysindia.com
Websitehttps://www.renewsysworld.com/
RenewSys India

A Brief About the Company

With a humble beginning of 10 MW production capacity in 2011, Goldi is now a respected solar PV module manufacturer globally. At the heart of Goldi’s success is its manufacturing excellence – a winning combination of technology and people. GOLDI’s mission is to be a responsible business entity which subscribes to the philosophy that time is circular, that our actions today will have a positive impact tomorrow.

GOLDI plans to foray into solar cell manufacturing at its new unit coming up in Gujarat. This new unit will eventually have 1 Gigawatt of module production capacity.

Company LeadershipMr. Ishver Dholakiya  (MD)
Capacity500 MW Solar PV Modules
Future plansIncrease Capacity to 1 GW
ProductsSolar PV Module
Line speciality manufacturingAutomatic Layup, Semi Automatic Line
EL Stages2 Stages
Inhouse Quality & R&D LabYes
PV Modules CertificationsIEC61215, IEC61730-1&2, IEC62804 (PID), IEC61701, IEC60068 (Sand Dust), IEC62716 (Ammonia Resistance), UL 1703, MCS, JET, CAN
Third party insurance
Any Awards/ Tier – 1 / CertificationsTier-1 by Bloomberg
Office Location1009, 10th Floor, Infinity Tower, Beside Ayurvedic  College, Near Railway Station, Surat – 395003, Gujarat
Factory locationsPipodara (Surat), Gujarat, India
Emailinfo@goldi.one
Websitehttp://www.goldi.one/
Goldi Solar
A Brief About the Company

Emmvee is an intelligent solar solutions producer born from an idea to implement green energy to better use. Emmvee’s solar products are an amalgamation of cutting-edge technology and smart innovation for sustainable living.

Emmvee aims at providing universally designed products to support all kinds of contemporary and lavish living. It has made continuous innovation in solar water heating systems and photovoltaic modules since inception in 1992. Emmvee has kept its priorities right, which is focused on its quality and service dedicated to its customers. With a premium positioning in PV modules, its quality of the offering, timeliness of execution, customised approach and smart engineering is what makes Emmvee different in the solution space.

Company LeadershipMr. Manjunatha D V (MD)
Capacity500 MW Solar PV Modules
Future plansNot Available
ProductsSolar PV Modules , Solar Water Heaters
Line speciality manufacturingM10, Burkle & 3S machines, Automatic Layup, Automatic Line
EL Stages2 Stages
Inhouse Quality & R&D LabNo
PV Modules CertificationsIEC61215, IEC61730-1&2, IEC62804 (PID), IEC61701, IEC60068 (Sand Dust), IEC62716 (Ammonia Resistance), UL 1703
Third party insurance
Any Awards/ Tier – 1 / Certifications
Office Location#13/1, International Airport Road, Bettahalasur Post,
  Bengaluru – 562 157, India
Factory locationsNelamangala, Bengaluru, Karnataka, India
Emailinfo@emmvee.in
Websitehttps://emmvee.com/
Emmvee Solar
A Brief About the Company

Saatvik manufactures and markets high quality, high efficiency solar photovoltaic modules. Employing among the most advanced and sophisticated technologies available worldwide, a state of the art facility has been established in Ambala, Haryana. With an annual capacity of 500 MW and cutting edge European technology, it offers a wide variety of Solar PV Modules that are well-suited for residential, commercial and industrial off grid/grid tied applications.

The promoters of the company are having over 30 years of experience and intricate knowledge in diversified business activities. They belong to a well-established and reputed business group founded in the year 1990, currently involved in large scale manufacturing across various industries like oil and chemicals.

Company LeadershipMr. Manik Garg (Director)
Capacity500 MW Solar PV Modules
Future plans
ProductsSolar PV Modules
Line speciality manufacturingPoly, Mono PERC, Glass-Glass, Bifacial, Automatic Layup
EL Stages2 Stages
Inhouse Quality & R&D LabYes
PV Modules CertificationsIEC 61215, IEC 61730, IEC 62759, IEC 62804, IEC 61701, IEC 62716, IEC 60068, IS 14286. IS 61730, UL 1703
Third party insuranceMunich RE
Any Awards/ Tier – 1 / Certifications3x IEC
Office LocationSaatvik Green Energy Pvt. Ltd., Village Dubli, Tehsil Barara, District Ambala, Haryana, India – 133101
Factory locationsDubli, Ambala, Haryana, India
Emailinfo@saatvikgroup.com
Websitehttps://saatvikgroup.com/
Saatvik Green Energy

A Brief About the Company

Established by Jamsetji Tata in the second half of the 19th century, the Tata Group is one of the biggest and most respected business organisations in the world. The group is committed to providing world class and innovative services and products across a range of businesses.

We offer bankable tier-1 solar modules to multiple customer segments, with a range of configurations, power outputs and module sizes. Tata Power Solar uses its core strengths in solar cell research and development in order to produce one of the highest efficiency solar cells and modules.

Company LeadershipMr. Ashish Khanna, CEO
Capacity400 MW Solar PV Modules and 300 MW Solar PV Cells
Future plansRs. 1000 Cr. expansion in Solar Cells and Modules
ProductsSolar PV Modules, Solar EPC and Project Developer
Line speciality manufacturingAutomatic Layup, Semi Automatic Line
EL Stages2 Stages
Inhouse Quality & R&D LabData not available
PV Modules CertificationsIEC61215, IEC61730-1&2, IEC62804 (PID), IEC61701, IEC60068 (Sand Dust), IEC62716 (Ammonia Resistance), UL 1703, MCS, JET, CAN
Third party insurance
Any Awards/ Tier – 1 / CertificationsISO 9001:2008 and ISO 14001:2004 certified integrated cell and module manufacturing facility
Office LocationTata Power Solar Systems Limited, 2nd Floor, The Tata Power Company Limited, Corporate Center B, 34 Sant Tukaram Road, Carnac Bunder, Mumbai – 400 009
Factory locationsBangalore, Karnataka, India
Emailajith.shetty@tatapowersolar.com
Websitehttps://www.tatapowersolar.com/
Tata Power Solar

A Brief About the Company

Understanding the Global Demand for a Green Energy Source and a responsibility towards the future Sova Power Limited had started its journey in 2008 to manufacture Cost effective High quality solar Photovoltaic products for both Grid Connected & off- Grid Power Products like Solar Pumps, Solar Street Light etc.

Focusing on Silicone Crystalline based products using high quality raw materials Sova Solar Limited has catered to the demand for Green Renewable Source of Energy across the Globe. From a small 2 KW Solar Power Plant for Durgapur Women’s college in West Bengal to 1 MW Grid connected Solar Power Plant at Jamuria in Bardhhaman district of West Bengal. Sova Solar is in constant process to produce cost-effective Clean & Green Power. 

Company LeadershipDr. Subrata Mukherjee (Chairman)
Capacity400 MW PV modules
Future plansData not available
ProductsSolar PV Modules
Line speciality manufacturingSPIRE CORPORATION, BEDFORD USA and TEAM TECHNIK Germany, Automatic Layup, Automatic Line
EL Stages2 Stages
Inhouse Quality & R&D LabYes
PV Modules CertificationsIEC61215, IEC61730-1&2, IEC62804 (PID), IEC61701, IEC60068 (Sand Dust), IEC62716 (Ammonia Resistance), UL 1703
Third party insuranceNot Available
Any Awards/ Tier – 1 / Certifications
Office LocationDLF GALLERIA, Office No. DGK 917, 9th Floor, Block No. BG-8, AA-IB, New Town, Kolkata 700 156, West Bengal, India
Factory locationsLayout Plot No. 25, EPIP | Banskopa, Durgapur
Emailinfo@sovasolar.com
Websitehttp://www.sovasolar.com/
Sova Solar
A Brief About the Company

Two decades old company that guarantees 25 year performance for its Solar panels. Promoted by technocrats with decades of technical expertise and business experience Advanced manufacturing facility in Hyderabad strengthened by a strong R&D team.

Earned certificate of quality IEC 61215 Ed 2 from European Solar Test Installation, Ispra, Italy , TUV Intercert , Germany , ISO 9001-2008 from TUV SUD Germany and ISO 14001:2004 from BMQR. A renowned Star Export House with presence in 15 countries across Europe, Africa and Asia. Attained 100% growth rate since 5 years while accumulating National Awards for Excellence in Performance, Entrepreneurship and Exports

Incorporated in 1995 humble with a humble strength of 5 employees and a 25 lakh seed capital, Mr Surender Pal Singh commenced small scale solar home lighting integration. The first solar panel rolled out in 1998 and went to NREDCAP and is still a novel sight to see.

Company LeadershipMr. S.P. Singh (Chairman)
Capacity375 MW PV modules
Future plans1 GW of Solar Cells and 1 GW of PV Modules
ProductsSolar PV Modules
Line speciality manufacturingAutomatic Layup
EL Stages3 Stages
Inhouse Quality & R&D LabYes
PV Modules CertificationsIEC61215, IEC61730-1&2, IEC62804 (PID), IEC61701, IEC60068 (Sand Dust), UL 1703
Third party insurance
Any Awards/ Tier – 1 / CertificationsLeadership in the category Solar Module Company of the Year Utility Scale (Domestic Manufacturer Sub 500 MW) from Solar Quarter, 2017
Office LocationSurvey No.54/Part, Above G.Pulla Reddy Sweet House, 
Karkhana Main Road, Secunderabad-500009 Telangana, India
Factory locationsMedak District Telangana, India
Emailmarketing@premiersolarsystems.com
Websitehttps://www.premiersolarsystems.com/

A Brief About the Company

SWELECT Energy Systems Limited (Formerly Numeric Power Systems Ltd.) is a leading Solar Technology Solution Provider in India which has over 35 years of experience in energy and power conditioning systems. SWELECT’s core strength lies in technical expertise which is strongly backed with state-of-art manufacturing facilities for Solar PV Modules (HHV Solar Technologies, PV Panel Division), Solar PCUs, Servo Stabilizers, Structural and Electrical Balance of Systems (BOS) such as Module Mounting Structures (MMS), AJBs, etc.

SWELECT is a Tier-1 Solar PV module manufacturer (rating by BNEF) the highly recognized global industry standard in classifying solar Photo Voltaic module manufacturers and a system provider for the international photovoltaic market. SWELECT has also received certification from the Bureau of Indian Standards (BIS) for the PV Modules including the high efficiency PERC modules. SWELECT has the ability to implement solar power projects in small as well as large scales with utmost understanding of customer requirements and customized solutions.

An IMS certified Company Continuous and focused approach towards quality enhancement, environment and OHS – Certified to ISO 9001:2015, ISO 14001:2015 & BS OHSAS 18001:2007

Company LeadershipMr S. Annadurai (Chairman)
Capacity140 MW PV modules
Future plans500MW
ProductsSolar PV Modules
Line speciality manufacturingTabber-Stingers made in Germany. Certification for plant ISO 9001:2015, ISO 14001:2015 & BS OHSAS 18001:2007
EL Stages2 Stages
Inhouse Quality & R&D LabNo
PV Modules CertificationsIEC61215, IEC61730-1&2, IEC62804 (PID), IEC61701, IEC60068 (Sand Dust), IEC62716 (Ammonia Resistance), UL 1703
Third party insuranceOn Request
Any Awards/ Tier – 1 / CertificationsTier-1 PV Module Manufacturer Bankability rating by BNEF
Office LocationSWELECT Energy Systems Limited (HHVST PV Panel Division), No. 31-34, 37, Phase 1, KIADB Industrial area, Dabaspet, Nelamangala Taluk, Bangalore Rural Dist.- 562111. Karnataka.
Factory locationsDabaspet, Bangalore Rural, Karnataka, India
Emailinfo@swelectes.com
Websitehttps://www.swelectes.com/hhvst/
HHV Solar

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Saurabh Sharma
Saurabh Sharma
2 months ago

List seems to be legitimate. nice compilation

Ruchi Vinayak
Ruchi Vinayak
2 months ago

What standard you have kept to rank companies

Nitin barvaliya : HOD
2 months ago

Please add our company detail

nitin
2 months ago
Reply to  esunsolar

Mail sent please check and revert

Chandresh
Chandresh
2 months ago

Hopefully all the expansion plan materialise and India’s manufacturing base expand rapidly in 2020

Rahul Sharma
Rahul Sharma
2 months ago

Quite impressive and indepth compilation.

Dr D Sarangi, PV Consultant
Dr D Sarangi, PV Consultant
2 months ago

What is the basis of selection? is it manufacturing capacity? The list is not yet complete. There are module manufactures with capacity above 200MW not included in the list.

Rahul Sharma
Rahul Sharma
2 months ago

Its already mentioned in the article…..”These 12 PV module manufacturing companies have been selected purely based on their capacity, quality of their products, in house lab, R&D, customer loyalty, international certifications & awards, current market share, future potential, ability to lead in future and expansion plans etc.”