Top 10 Solar Companies in India

India is one of the top ten countries in the world to utilize solar power with full enthusiasm. The country has been making rapid strides towards alternative sources of energy like wind and solar and has set up an aggressive renewable energy installation target of 175 GW by 2022.

 

India is one of the fastest growing economies in the world and rapid commer-cialization has led to an increased carbon footprint for the country. In order to make India more cleaner and greener, adopting alternative sources of power like wind and solar seems to be the only answer. According to a new report by Bridge to India, the country is set to march aggressively towards its solar target with expected installations of 14 GW in 2019. In order to achieve its goal, India has announced a set of policies promoting solar energy adoption in the country.

Solar Industry Top Five Trends in 2019

 

solar industry trends

 

Cabinet approves Phase-II of Grid Connected Rooftop Solar Programme for achieving cumulative capacity of 40,000 MW from Rooftop Solar Projects by the year 2022. In this regard, central financial assistance for the residential sector will be 40% for RTS systems up to 3 kW capacity and 20% for RTS systems with 3 kW- 10 kW capacities. For group housing societies, it will be 20% for RTS plants for supply of power for common areas. No central financial assistance will be available for institutional, educational, social, commercial, government establishments.

 

A number of measures taken to popularise Rooftop Solar Power System. These include providing CFA, persuade states to notify the net/gross metering regulations, initiate DG S&D rate contract and Suryamitra program, availability of concessional loans for disbursal of loans to industrial and commercial sectors etc.

 

Kusum Scheme to promote use of solar energy among farmers. The scheme aims to increase solar installations by 25,750 MW by 2022, with total financial assistance of more than INR 34,000 crores. The scheme calls for installation of 17.5 lakh solar-powered agricultural pumps, 10,000 MW of decentralized ground-mounted grid-connected renewable power plants, and solarisation of 10 lakh grid connected solar-powered agricultural pumps.

 

Solar Panels on Rooftop of Trains. Railways have taken decision to provide solar panel on rooftop of general coaches of two number of day running intercity trains in Northern and Southern Railway and 50% Narrow Gauge coaches plying on Pathankot-Joginder Nagar route in Kangra Valley section and Kalka-Shimla section of Northern Railway for conducting extended trials for one year in all weather conditions.

 

Government to launch Technology Mission Centre on Solar Energy & Water Treatment in Chennai. In order to promote ‘Make in India’, the government has decided to set up these bodies for better research around silicon solar cells, wastewater management, water treatment, sensor development, storm water management and distribution and collection systems.

Top 10 Solar Companies in India

Here is the list of top 10 solar companies in India by Google who manufactures as well as markets the latest solar panels in India.

#1. Loom Solar

loom solar

Strong Hold Area - Residential Rooftop

 

Loom Solar is a growing solar company with a huge online presence. It is headquartered in Faridabad, Haryana. Loom Solar provides latest solar products such as solar systems, solar panels, solar inverters and solar chargers; delivery and installation across India within three days; and hassle free government approvals for subsidy, net metering. The company has also started manufacturing their own range of solar panels.

 

  • Strong Brand Equity
  • Recognized as Startup by Government of India
  • Market Leadership Position in Mono Crystalline Panels that generates power in low light and cloudy weather.

     

    Company Website: www.loomsolar.com

    #2. Vikram Solar

    vikram solar

    Strong Hold Area - Utility Scale Projects

     

    Vikram Solar is a manufacturer of PV solar modules headquartered in Kolkata, West Bengal. It is a part of the Vikram Group of companies, having an experience of more than four decades in engineering and manufacturing activities. Vikram Solar's rated annual solar module production capacity is upgraded to 1 GW. Vikram Solar has offices across the whole of India and global offices in Europe and Africa.

     

    • Large Manufacturing Facility
    • Wide Range of Solar Panels
    • High-efficiency PV module manufacturing
    • Comprehensive EPC Solutions

     

    Company Website: www.vikramsolar.com

    #3. Tata Solar

    tata solar

    Strong Hold Area - Residential Rooftop 

     

    Tata Solar has one of the biggest and oldest solar panel manufacturing operations in India. Tata Solar is engaged in manufacturing and providing EPC services. The company has a strong presence in industrial, commercial, both on-grid and off-grid solar projects, and residential segments. Tata Solar has shipped close to 1.4 GW of solar modules worldwide and installed 1.5 GW of utility scale and 200 MW of rooftop solar projects in India, in the past 20 years.

     

    • Leading Company Reputation
    • Large in-House Manufacturing Base
    • Tata is a reputed brand, TATA Solar stands a good chance to serve the 25-year service warranty that comes with its panels.

     

    Company Website: www.tatapowersolar.com

    #4. Sukam Solar

    sukam solar

    Strong Hold Area - Off Grid Solution

     

    Su-Kam is India’s largest inverter manufacturer, that produces and sells power solutions including battery, inverters, UPS systems, solar solutions. It has presence in 90 countries worldwide and manufactures more than 200 products. The company caters to a wide range of residential, commercial and industrial customers. Su-Kam solar panels come in a wide power output range to serve different purposes.

     

    • Leading Inverter Manufacturer - Given its position as a leading power solutions provider, the company stands a good chance to benefit from a growing demand of solar plus storage solutions.
    • Wide Wattage Range of Solar Panels - Su-Kam offers a wide range of solar products which can meet any need starting from 30W to 300MW.
    • Su-Kam panels have the lowest degradation rates at 1%
    • Better performance in hot climate

     

    Company Website: www.sukam.com

    #5. Waaree

    waaree

    Strong Hold Area - Utility Scale Projects

     

    With 29 years of industry experience, Waaree Solar is one of India’s largest vertically integrated solar companies. The company has a 1.5 GW solar panel manufacturing unit in Surat, India. Waaree has its presence in over 280+ locations nationally and 68 countries internationally. The company has an experience in providing EPC services, project development, rooftop solutions, and solar water pumps and also as an Independent Power Producer.

     

    • Rich experience
    • Vertical integration
    • Wide Range of Solar Panels - Waaree manufactures a wide range of solar products ranging from solar modules, to solar water pumps and rooftop solutions.
    • Low cost and good quality products

     

    Company Website: www.waaree.com

    #6. Luminous

    luminous

    Strong Hold Area - Residential Rooftop

     

    Luminous is a New Delhi-based maker of inverters and industrial batteries with Schneider having a 74% stake in it. The company sells both grid-tied inverters as well as inverters for off grid solar applications. Luminous has over 30 years of experience as a leading power solutions provider.

     

    • Good quality products
    • Lifetime support
    • Convenience of buying

     

    Company Website: www.luminousindia.com

    #7. UTL

    utl solar

    Strong Hold Area - Off Grid Solutions

     

    UTL is a leading power solutions provider in India. The company also has a huge global presence extending to Africa and Asia and is looking for further expansion globally. UTL offers an extensive range of products like online and offline UPS, inverters, battery chargers, solar management unit, solar charge controllers, batteries etc.

     

    • Extensive R&D facilities
    • A Wide range of solar products
    • More than two decades of rich experience in the Indian power industry

     

    Company Website: www.upsinverter.com

    #8. Trina Solar

    trina solar

    Strong Hold Area - Utility Scale Projects

     

    Trina Solar is one of the largest Chinese vertically integrated solar photovoltaic manufacturer in the world. The company manufactures for domestic distribution, captive consumption and also ships to international key markets including the U.S, Europe, India etc. The company also has a presence in the downstream project business. Trina Solar has a presence across utility, commercial and residential segments. The company has a huge presence in India accounting for a major chunk of solar panel imports into the country. It has now introduced TrinaHome, a complete solar rooftop home solution customized for India, suitable for installation in residences, SME establishments and other places like schools and hospitals.

     

    • High-Efficiency modules
    • Leading supplier globally
    • Large scale
    • Extensive manufacturing
    • Large global presence

     

    Company Website: www.trinasolar.com

    # 9. Canadian Solar

    Canadian solar

    Strong Hold Area - Utility Scale Projects

     

    Canadian is headquartered in Canada, but has most of its manufacturing in China.  In the past 17 years, Canadian Solar has successfully built up 9 GW of module manufacturing capacity and has delivered more than 29 GW of solar modules to customers in over 150 countries worldwide. It also has a geographically diversified pipeline of utility-scale power projects and is one of the leading solar developers globally.

     

    • Leading supplier globally
    • Large scale
    • Extensive manufacturing
    • Huge geographical footprint

     

    Company Website: www.canadiansolar.com

    #10. First Solar

    first solar

    Strong Hold Area - Utility Scale Projects

     

    First Solar is a leading thin-film panel company in the US. First Solar is a leading global provider of comprehensive PV solar systems using advanced technology. It is also a leading thin-film module supplier in India, as the technology perfectly suits the country’s weather conditions. First Solar is also has a wide geographical presence in countries other than USA and India, selling more than 175 GW of solar modules worldwide.

     

    • Leader in Thin Film Manufacturing - Thin Film (cadmium-telluride technology) modules have started becoming mainstream. These panels no claim to be more competitive and efficient in terms of energy generation in high-temperature climates such as India and the Middle East.
    • High-Efficiency Panels - The company has made impressive gains in efficiency over the last few years. Its solar panels have reached an efficiency of 16.9% in the present day.
    • Extensive R&D facilities

     

    Company Website: www.firstsolar.com

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    Conclusion

    All these companies will help India achieve its solar dream. The cost of solar power generation in India is expected to decline to as low as Rs 1.9 per unit by 2030, according to TERI. Further costs should also continue to decline with technology advancements, with cost of wind and solar projected to be between Rs 2.3-2.6 per kWh and Rs 1.9-2.3 per kWh, respectively. The cost of storage is also expected to decline by nearly 70%. All these future trends will establish solar industry as a mainstay industry in India in the near future.

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