Solar energy in India is booming and local solar panel manufacturers in India are benefiting greatly. Over the last few years, the solar generation capacity around the country has increased. India’s capacity in 2011 sat at 461 MW, but as of September 2017, it’s currently at 14.7 GW. To put that into perspective, 1 GW = 1,000 MW. As of 2018, India has been booming in solar energy production as well, ranking 7th among the top 10 solar energy producing countries in the world. Out of the many Indian solar panel companies to choose from, this is our list of the top 10 solar panel manufacturers in India that greatly contributes to an industry that is expecting to grow at a CAGR of more than 35% by 2022.
Some of Vikram’s major projects include: 160,000 ground mounted solar panel modules generating 50 MW in Mandsaur, Madhya Pradesh; 440,000 ground mounted solar panel modules generating 130MW in Bhadla, Rajasthan; Installation of 40 MW capacity solar PV power plant containing 194,400 modules in Kachaliya, Madhya Pradesh.
Some of their major projects include 10 MW project commissioned by Jindal Aluminum Limited; 17 MW Mithapur solar power plant to power 15 million homes per year; 3 MW solar farm designed to provide energy for over 2 million homes in the local community.
Some of Waaree’s major projects include Monosteel India Ltd project totally 10 MW; Greentech India project totally 5 MW; Bhadresh Trading project totaling 5 MW.
Some of EMMVEE’s major projects include 2 MW EPC project for MLR Industries; 11.4 MW Solar PV power park in Bronkow, Germany.
Some of Alpex’s major projects include solar pumps producing 1.5 MW in Rajasthan, India; mono PV modules in Frankfurt, Germany generating 1.3 MW; 1.25 MW worth of polycrystalline PV modules near Venice, Italy.
Some of Moser Baer’s major projects include 200 kWp rooftop installation in New Delhi, India; 158 kWp rooftop installation in New Delhi, India; 100 kWp rooftop installation at RVS College in Coimbatore, India.
Some of HHV’s major projects include 10 MW DCR project in Tamil Nadu; rooftop project at the Parliament House in New Delhi; 152 kWp grid at IIT in Kanpur; 100 kWp grid in Tamil Nadu.
Some of XL Energy’s major clients include Indian Railways; India’s Departments of Defence; Isolux in Spain; LT Trade International in Italy; Mandik Corporation in the Czech Republic.
Some of Lanco’s major projects include 1 MW solar PV plant in a village in Bhatinda, Punjab; 100 KW rooftop solar PV plant at Pushpa Gujaral Science City; 35 MW PV solar farm in Gujarat; 5 MW solar PV in Rajasthan.
The top 10 solar panel manufacturers in India will help to transform India’s solar industry, especially over the next 4-5 years. The country’s power sector is looking to invest about $225 billion by the end of 2022. Boundless opportunities surrounding power generation, distribution, transmission and manufacturing of solar equipment are held by these top 10 solar panel manufacturing companies in India. The government of India is also helping the cause by lowering solar power tariffs, from INR 15 /Kwh in 2009 to INR 2.44/ Kwh in 2017. This comes from the decline in solar panel manufacturing costs and improvements to capacity utilization rates.
List of Companies
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