Top 10 Solar Companies in India in 2020

Top 10 Solar Companies in India in 2020
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You have planned to go solar and got quotation from several EPC installer, each one is offering you different companies solar panel and you are confused about which brand solar panel you should go for. In this article we will look at top 10 solar companies in India.

Some of the companies in the list are the best international solar companies in the world having strong presence in India as well. All the companies in this list manufacture solar panels and even do medium to large scale EPC installation. Hence if you are installing solar system in 2020, at least one of these companies solar panels should be a part of it.

Top 10 Solar Companies in India:

  1. Vikram Solar (India)
  2. Waaree Solar (India)
  3. Tata Solar (India)
  4. Adani Solar (India)
  5. Renewsys Solar (India)
  6. Canadian Solar (Canada, China)
  7. Jinko Solar (China)
  8. Trina Solar (China)
  9. REC solar (Norway, China)

This list is not compiled on the basis of sales figures of the company but by talking with various installers and discussing why they offer those solar panels.

None of the solar panels manufacturer in this list are small companies every company is a reputed brand and has supplied and installed fair share of solar panels in India and abroad.

Top 10 Solar Companies in India:

1.  Vikram Solar:

Vikram solar founded in 2006 by Gyanesh Chaudhary is a bankable brand in the solar industry. Vikram solar offer monocrystalline, polycrystalline and half cut solar panels in 60 cells, 72 cells and 144 cells option. It is definitely one of the best solar panels manufacturer in India.

Key Achievement’s:

vikram-solar-floating-project-in-india
10 kW Floating Solar Project Courtesy – Google Images

2. Waaree Energy:

Waaree Energies Ltd. is the flagship company of Waaree Group, founded in 1989 with headquarters in Mumbai, India. It has India’s largest Solar PV Module manufacturing capacity of 2 GW at its plants in Surat and Umbergaon in Gujarat. Warree offers polycrystalline, monocrystalline with PERC technology and even light weight flexible solar panels. Waaree is one of finest Indian solar panels manufacturing company.

Key Achievement’s:

  • Solar rooftop for Reliance Mumbai metro.
  • Solar panel manufacturing capacity of over 2 GW.
  • National excellency award in 2016 by government of India.

3. Tata Power Solar System Ltd:

Tata power solar founded in 1989 in joint venture with BP solar is a sister concern company of Tata group. The company manufactures solar modules, solar cells, and other solar products, and provides EPC services for solar power projects. Tata is a bankable brand which you can trust for solar panels and even solar installations.

Key Achievement’s:

  • Tata Power Solar has commissioned an 820.8 kWp solar rooftop at the Cricket Club of India (CCI), in Mumbai.
  • In February 2017, Tata Power Solar became the first Indian company to ship over 1 GW solar modules worldwide.
Tata-solar-828.8kW-CCI-Mumbai
820.8 kWp Solar System in CCI, Mumbai Courtesy – Tata Solar

4. Adani Solar:

Adani Solar a company under adani group founded by Gautam Adani is India’s first and largest vertically integrated solar company that offers services across the spectrum of photovoltaics manufacturing. The company offers and produces high efficiency Multicrystalline, Monocrystalline with PERC technology and Bifacial modules with superior efficiency, higher performance and enhanced reliability. Adani solar if one of the largest solar panels installer in India.

Key Achievement’s:

5. Renewsys Solar:

RenewSys is the renewable energy arm of the Enpee Group, a diversified global conglomerate with a heritage of nearly 60 years of manufacturing excellency that manufactures Solar PV Modules and its key components – Encapsulants (EVA & POE), Backsheets and Solar PV Cells. Renewsys is one of the very few Indian solar panel manufacturer which makes all the components of a solar panel.

Key Achievement’s:

  • Current solar module production capacity is 280 MW.
  • Of the top 10 solar panel manufacturers in India, RenewSys is the first to launch production of 5 BB solar cells.

6. Canadian Solar:

Canadian Solar is a NASDAQ listed solar panel manufacturer and EPC founded in 2001 in Canada by Dr. Shawn Qu, it has business subsidiaries in over 24 countries on 6 continents. Canadian Solar has production facilities in Canada, China, Indonesia, Vietnam and Brazil each facility is structured for the manufacturing of ingots, wafers, solar cells, solar PV modules, solar power systems and specialized solar products. Canadian solar is widely regarded as the one of the best solar panels manufacturer worldwide.

Key Achievement’s:

  • Canadian Solar was listed as Bloomberg New Energy Finance’s Tier 1 Module Manufacturer in terms of bankability for Q4 2018, and was named as Top 3 Global Utility-scale Solar PV Project Developer for 2017 by GTM Research.
  • 148 MW solar system – Ronald McDonald House, San Diego, California, USA (June 2010).

7.  REC Solar:

REC Group (REC) is a leading European brand of solar panels and a vertically integrated solar energy company founded in 1996 in Norway. REC offers polycrystalline, monocrystalline, half cut and PERC modules.

Key Achievement’s:

  • 257 MW solar park at Tranquillity (Fresno County, CA).
  • #1 most-installed brand of solar panels in Germany.
  • #1 most-installed brand of solar panels for California homes (at end-Q3).

8. Jinko Solar:

Jinko Solar Holding Co., Ltd. is currently the world’s largest solar panel manufacturer, shipping 11.4 GW of modules in 2018. Headquartered in Shanghai, China, the company started out as a wafer manufacturer in 2006 and went public on the New York Stock Exchange in 2010. As of now Jinko Solar holds the world record for P-type Poly PERC and Mono PERC cell efficiency at 22.04% and 23.95% respectively.

Key Achievement’s:

  • Jinko Solar was named Top-Rated Bankable PV module supplier by PV-tech, only four companies has received top “AA” Rating.
  • In 2018, Jinko solar was listed as Tier 1 module manufacturer by Bloomberg New Energy Finance for second time in a row.

9. Trina Solar:

Trina solar limited is a Chinese company having headquarter in Changzhou, china. It was founded in 1997 by Jifan Gao the company develops and produces ingots, wafers, solar cells and solar modules.

Key Achievement’s:

  • With Trina’s panel, the 151 MW solar plant at Neemuch, India is one of the largest solar projects in the world. Welspun Solar Madhya Pradesh Private Limited (WSMPPL) had won the project in May 2012 and complete in 2014.
  • Trina solar was rated top bankable module supplier by Bloomberg bank ability once again by 100% of banks, investors, industry experts.
Trina-solar-151 MW-plant-at-Neemuch, India
Trina Solar 151 MW Solar Plant at Neemuch, India

Apart from the above list there are several other solar panels available in Indian market that are good and worth installing, but if you can anyone from the above list then it’s the best.

Few more solar panels companies in India worth installing:

  1. Goldi Green Technologies Pvt. Ltd. (India)
  2. Emmvee Photovoltaics Private Limited. (India)
  3. Navitas solar. (India)
  4. Alpex export. (India)
  5. HHV solar. (India)
  6. Risen Energy. (China)
  7. Axitec solar.

Now that you know best solar panels brand in India, let’s have a look at how much these solar panels cost.

Cost of Polycrystalline Solar Panels in India:

The following table summarizes the cost of above 330 watts polycrystalline solar panels in India. If you are new to solar and don’t know what are polycrystalline solar panel then read this article – What are polycrystalline solar panels, when should we use them?

Solar Panels BrandCost of Solar Panel (Rs / Watt)
Vikram Solar PanelsRs 20 / Watt to Rs 25 / Watt
Waaree Solar PanelsRs 19 / Watt to Rs 24 / Watt
Renewsys Solar PanelsRs 19 / Watt to Rs 24 / Watt
Canadian Solar PanelsRs 25 / Watt to Rs 30 / Watt
REC Solar PanelsRs 25 / Watt to Rs 32 / Watt

Note: The prices may go up and down depending on the availability in stock. The cost will also vary for bigger solar panels like 380 watt, 400 watt.

Cost of Monocrystalline Solar Panels in India:

monocrystalline-solar-panels-cost
Monocrystalline Solar Panels Cost – IndiaMart

For premium international brands like Panasonic, REC, Longi, Trina , Jinko solar the prices of monocrystalline solar panels drastically vary from Rs 32 / watt to Rs 50 / watt.

If you are new to solar and don’t know what are monocrystalline solar panel then read this article – What are monocrystalline solar panels, when should we use them?

Conclusion on Top 10 solar companies in India:

To conclude I would say since solar is a 25 – 30 years (solar panels have 25 years warranty) asset customers should focus on the quality of solar panel and not on the price. If you opt for a inferior quality solar panel it will have low upfront cost but in the long run it won’t give as much production as the Tier 1 quality solar panels which means less saving in electricity bill, which is the ultimate goal of going solar for most people.

If I have to choose few brands of solar panel then I will say go for vikram solar, waaree solar, Canadian solar, Trina solar, Jinko solar, REC solar, Renewsys solar, Tata solar. These are the market leaders in India and globally and I bet you won’t regret buying these.

So go for the best solar panels even if it’s bit expensive since it’s a 25 year investment and trust me you don’t want to change your solar panels before 25 years.

If you liked the article then please share it on WhatsApp, facebook, reddit and if I have missed any solar panels brand which you feel is worth mentioning then please share it in comments section.

Thank You 🙂

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