India is a rapidly growing economy fostering commercialisation, leading to an increased carbon footprint. As such, to make the country greener and cleaner, alternative sources of power like solar and wind energy are on the rise and the only answer perhaps. More about the finer aspects of solar energy is in the paragraphs that follow.
Top 5 Solar Companies in India
India is slated to march towards gradually reducing carbon footprints by installing a target of renewable energy of 175 GW in 2022. The government has announced a set of policies and regulations to promote solar energy adoption in India.
Here, let us find out about the list of solar energy companies in India that are making giant strides in this field in 2022.
Tata Power Solar Systems Limited
Tata Power Solar Systems Limited was established in 1989 and is one of the oldest solar companies in the country. It can produce 1100 MW solar cells and modules, and several goods are made available by the company. Being a leader in the EPC solar systems market enjoys a 5.6% market share.
Vikram Solar Limited
It occupies second place among the solar energy companies in India. Mr. Gyanesh Chaudhary founded Vikram Solar in 2006. The company offers module manufacturing and EPC solutions both. Primarily manufacturing solar PV modules, it is into engineering, procurement, solar power plant maintenance and management, and construction services.
Waaree Energies Limited
The company started its operations in 1989. The company has sold solar energy-related products to over 68 nations across the globe. Waaree Energies boasts of a capacity to manufacture as many as two gigatons of solar panels. Due to their tremendous presence in both the commercial and residential sectors in the country, the company earned the name of Greatest Brand 2019-20. The products they manufacture include solar batteries, solar inverters, PV modules, water pumps, and many other sustainable energy items. The company is among the top 10 solar companies in India.
Adani Green Energy Limited
Adani Solar forms a part of the well-known Adani Group, one of the country’s biggest energy corporations. Also known as AGEL or Adani Green Energy Limited, the company is the largest renewable energy firm. It boasts of a project portfolio, which at present is 13,990 MW. The company’s solar division is responsible for the manufacture of producing PV modules and EPC solutions. The largest solar energy factory of the company is located at Mundra, manufacturing 1.5W. Designing, building, owning, running, and maintaining the grid-connected farm projects in compliance with the “Growth Right” concept of the company is what AGEL is responsible for.
EMMVEE Photovoltaic Power Pvt. Ltd
The company is one of the top 10 solar companies in India. It is based in Bengaluru and is a component producer. The products include solar water heaters, power hubs, and solar panels or PV modules.
Reduced electricity bills, low maintenance costs, saving the environment, one-time investment, and absence of harmful emissions are advantages of using solar power.