Last Updated on 06th September 2023
Also known as a “solar module,” a solar PV (photovoltaic) module consists of solar cells, which convert solar or photonic energy into electrical energy. Furthermore, a group of solar modules arranged for solar energy production is referred to as a “solar panel,” whose power is expressed in Watt peak (Wp).
Monocrystalline, polycrystalline, and PERC (Passivated Emitter and Rear Cell/Contact) are the main types of solar modules.
Solar PV modules are used for various applications, such as:
Several domestic manufacturers are transforming the Indian solar industry with precision-engineered and performance-focused solar products.
Continue reading to learn more about the top Indian solar energy companies.
Top 15 Solar Panel Manufacturers in India [2023] |
|
Blackridge Research & Consulting – India Solar Power Market Report |
|
Blackridge Research & Consulting – Solar Power Plant Projects Database |
Here are India’s leading solar panel manufacturers (listed alphabetically):
Founded: 2015
Location: Ahmedabad, Gujarat, India
Adani Solar is the solar PV manufacturing arm of the Adani Group—a leading integrated business conglomerate comprising 7 publicly traded companies.
According to an industry news source, Adani Solar is “India’s largest vertically integrated cell and module manufacturer.”
The source further states that Adani Solar has the unique distinction of winning the top performer rating in PV Evolution Labs’ (PVEL) PV Module Reliability Scorecard 2023 for six consecutive years, from 2018 to 2023, bypassing its PQP (Product Qualification Program) testing procedure.
Adani Solar manufactures high-efficiency mono PERC and bifacial PV modules at its fully automated, state-of-the-art manufacturing lines.
Adani Solar’s product portfolio includes:
Eternal – Mono PERC: The Eternal monofacial modules are ideal for large-scale and rooftop PV installations.
Elan – Bifacial: The Elan bifacial modules are known for the lowest LCOE and highest IRR.
Here are the key features of Adani Solar’s PV modules:
Founded: 2018
Location: New Delhi, India
AXITEC Energy India Pvt. Ltd. is a wholly owned subsidiary of AXITEC Energy GmbH & Co. KG (AXITEC)—one of the most established global manufacturers of energy storage systems, EV chargers, and solar modules.
AXITEC solar modules have been installed in 89 countries. The company has extensive experience in managing the complete process chain—from development, manufacturing, and quality assurance to sales and service.
The German brand AXITEC is synonymous with high-performance solar modules, including:
AXIpremium HC 370-555 Wp (Monocrystalline solar modules): Due to a lower cell resistance, these solar modules deliver better performance than full-cell solar modules.
AXIblackpremium/AXIblackperfect 400-425 Wp: These solar modules match the black exterior design with high power output.
AXIperfect 415-430 Wp: This solar module is suitable for home and business applications.
AXI(bi)protect HC 390-415 Wp: These glass-glass solar modules with monocrystalline (bifacial) half-cut cells are especially suitable for extreme climatic conditions.
AXIbipremium HC 560-670 Wp: This bifacial solar module is ideal for ground-mounted and tracker installations.
Founded: 2007
Location: Bengaluru, Karnataka, India
Emmvee Photovoltaic Power Private Limited (also known as “Emmvee”) is a trusted name in the solar energy industry known for manufacturing high-performance PV modules and systems, solar water heaters, and other industrial products. In addition, Emmvee has expertise in developing large-scale projects and EPC in Europe and India.
Emmvee has a successful track record of installing and commissioning solar PV projects in Germany and India and has active sales offices in both countries.
Emmvee’s PV module portfolio includes:
Bi-facial modules (450 Wp and 545 Wp): The bi-facial PV modules are made from toughened solar glass and half-cut cells to ensure maximum durability and the highest electricity output possible.
Monofacial Modules: The monofacial modules deliver high efficiency and savings while maintaining the aesthetic appeal of the panels. These PV modules come in 120 and 144 half-cut cell varieties with corrosion-resistant frames for increased durability.
Polycrystalline Modules: Polycrystalline modules are designed to have low degradation and strong performance under high-temperature and low-light conditions. Suitable for large electrical power requirements, these PV modules are ideal for both on-grid and off-grid solar projects.
Here are the main features of Emmvee PV modules:
Founded: 2011
Location: Surat, Gujarat, India
Founded by Ishver Dholakiya and Bharat Bhut, Goldi Solar Pvt. Ltd. (also known as “Goldi”) is a leading Indian solar PV module manufacturing company providing high-end PV modules at competitive prices.
With exports to 20+ countries globally and 10,000+ projects in rooftop, pump, and telecom, Goldi Solar is one of India’s most notable solar brands known for quality products and technical innovation.
Goldi Solar offers monocrystalline and polycrystalline modules for agricultural, commercial, industrial, residential, and utility applications.
Let’s look at Goldi Solar’s products and their features:
Solar Panels
HELOC PRO (mono-facial and bi-facial modules): The Heloc̣® Pro solar panels generate maximum power in minimum space and are available in premium black and silver frame options in four variants:
Heloc̣® Pro Series
HELOC PLUS (710 Wp N-Type solar panel): The Heloc̣® Plus series features a 132-cell heterojunction bi-facial half-cut cell module that uses the N-type silicon wafer and non-destructive pre-cut technology.
*The name “HELOC” stands for High Efficiency Low on Carbon.
Key Product Features
Goldi Solar plans to expand its cell manufacturing capacity to 5 GW and module manufacturing capacity to 6 GW by 2025.
In addition to consolidating its leadership position in the Indian solar industry, Goldi Solar continues to explore global export opportunities as a major OEM supplier catering to several international brands in countries like Germany, Greece, France, UAE, and the U.S.
Founded: 2015
Location: Rajasthan, Jaipur, India
Insolation Energy Ltd. (INA) is a major solar energy provider with a diverse solar product portfolio. INA manufactures A-grade quality solar PV modules conforming to all domestic and international standards at its fully automatic, state-of-the-art solar panel manufacturing unit.
With a track record of delivering 500+ projects, INA has positively impacted the growth of commercial, residential, industrial, and off-grid segments of the solar business in India.
INA’s product portfolio includes:
INA’s solar modules are designed for improved efficiency, easy handling, and efficient shipping. In addition to designing and delivering solar panels for residential and commercial spaces, INA provides other solar energy solutions like high-performance solar batteries and solar PCUs to augment power capacity with optimum storage.
INA manufactures solar PV modules with the following specifications:
Product Range
Key Technical Specifications
Founded: 1947
Location: Noida, Uttar Pradesh, India
Jakson Solar (also known as “Jakson”) is one of India’s best-known solar module companies. Jakson Solar is part of the renowned Jakson Group—a diversified energy and infrastructure company specializing in the fields of Distributed Energy, EPC, New Energies, and Solar.
As a leading solar panel manufacturer in India, Jakson has a strong IPP (Independent Power Producer) portfolio with a proven track record in EPC and the commissioning of high-performance solar energy projects.
Jakson’s solar product portfolio comprises the following:
Jakson manufactures full-cell and half-cut solar modules, which are ALMM (Approved List Module Manufacturers) certified and backed by a robust R&D, testing, and quality control process.
Jakson’s solar module portfolio includes:
Here are the main features of Jakson solar modules:
Founded: 2013
Location: Surat, Gujarat, India
Navitas Green Solutions Pvt. Ltd. (also known as “Navitas Solar”) is one of the largest PV module manufacturers in India offering the following products and services:
Navitas Solar provides monocrystalline and multi-crystalline solar modules, which ensure the best value for money with outstanding performance and reliability. These modules are ideal for large-scale and rooftop installations, among others.
Let’s take a look at Navitas Solar’s offerings:
Bonito Series (Mono PERC Half Cut Module)
Navisol Series (Crystalline PERC Module)
Anora Series (Multi-Crystalline Module)
Anora Series (Cell variants – 36 | 48 | 54 | 72)
Here are the key features of Navitas Solar PV modules:
*Warranty applicable as per standard warranty terms
Founded: 2019
Location: Rajkot, Gujarat, India
Pixon Energy Ltd. (PIXON) is a well-established name in solar module manufacturing. PIXON offers a premium range of solar modules engineered with European technology. PIXON’s advanced modules—M6, M10, and M12—provide greater efficiency and power output.
PIXON also provides EVA film—a vital component of solar panels. The company’s 1 GW clean room environment facility ensures the EVA film is free from contaminants and other impurities, as these can affect solar panel quality and performance.
PIXON’s solar module portfolio includes:
Poly Crystalline Solar Modules
Mono-Crystalline Modules
Here are the significant features of PIXON solar modules:
Founded: 1995
Location: Secunderabad, Telangana, India
Premier Energies Limited is a well-established solar module manufacturer in India reported to have “the first LEED (Leadership in Energy and Environmental Design) Gold-rated solar cell and module manufacturing facility in India.”
Premier Energies uses M10 Gallium-doped wafer to ensure superior module efficiency and ARC-coated, high-transmission glass to improve energy yield.
Premier Energies’ solar module portfolio includes:
P-Type, Monofacial Module M-10 HC (Mono PERC module)
P-Type, Bifacial Transparent Back Sheet Module M-10 HC (Mono PERC module)
P-Type, Bifacial Dual Glass Module M-10 & G-12 HC (Mono PERC module)
Power Output (M10)
Power Output (G12)
Premier Energies solar modules are ideal for residential, commercial, off-grid, and utility applications.
Here are the core features of the solar modules:
Founded: 1961
Location: Mumbai, Maharashtra, India
RenewSys India Pvt. Ltd. (RenewSys) is the renewable energy arm of the ENPEE Group—a transnational conglomerate operating across diverse industry sectors, including Chemicals, Construction, Energy, FMCG, and Packaging.
As a top-rated PV module supplier, RenewSys occupies a key position in the Indian solar industry.
RenewSys DESERV® solar modules are processed on advanced production lines and designed to maximize power output even in extreme environmental conditions.
In addition, all PV modules only use RenewSys’ in-house manufactured Encapsulants CONSERV and Backsheets PRESERV.
RenewSys offers the following high-efficiency PV modules in cut-cell and full-cell configurations:
DESERV SGALACTIC (Mono PERC – 430-590 Wp)
DESERV EXTREME (Mono PERC | Bi-Facial – 430-590 Wp)
DESERV MONO (Mono/Mono PERC – 315-400 Wp)
DESERV MULTI (Multi/Multi PERC – 260-345 Wp)
Made from the highest quality raw material, the reliable and versatile RenewSys solar modules are suitable for a variety of on-grid and off-grid applications—from small lighting systems to utility-scale power plants.
Founded: 2015
Location: Gurugram, Haryana, India
Saatvik Green Energy Pvt. Ltd. (also known as “Saatvik” and “SGEPL”) is India’s leading solar module maker with one of the country’s largest solar PV manufacturing facilities.
Currently, Saatvik operates a 1.5 GW/annum facility in Haryana, India, with expansion planned for an additional 1.5 GW N-TOPCon Module manufacturing capacity through the launch of its new Greenfield project in Gandhidham, Gujarat.
Saatvik offers the following solar modules:
Here are the main product features of Saatvik solar modules used for residential, commercial, and utility applications:
Founded: 1996
Location: Kolkata, West Bengal, India
Previously known as “Sova Power Limited,” Sova Solar Ltd. (also known as “Sova”) is one of India’s leading PV module manufacturers. Sova’s cost-effective and high-temperature-tolerant products have been well-received in the industry, with the company being a registered vendor to reputed clients like BHEL, NTPC, and SAIL.
The company has a fully automated production unit and technical collaboration with IIT-Kharagpur, India.
According to Sova Solar, it is “the first in India to install teamtechnik, Germany (a global leader in assembly and functional test systems), on its production floor for higher throughput.”
Sova Solar provides grid-tied/on-grid solar PV modules, including:
Cut Cells
Full Cells
Here are the key features of Sova Solar PV modules, which come with pre-drilled frames for easy mounting:
Founded: 1989
Location: Bengaluru, Karnataka, India
Formerly known as “Tata BP Solar,” Tata Power Solar Systems Limited/Tata Power Solar (also known as “TPSSL” and “TPS”) is a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL).
Initially formed as a joint venture between Tata Power and British Petroleum Solar (BP Solar), TPS is a pioneer in the solar space with various regional offices, authorized service centers, and a nationwide network of 1,000+ dealers and sub-dealers.
According to TPS, it is “India’s largest integrated solar company driven by a singular vision—harness the power of the sun to enable solar everywhere.”
TPS operates through three business segments:
TPS is a Tier-1 bankable module manufacturer known for its high-quality, efficient, and reliable solar modules. In addition, TPS continues to contribute significantly to the growth of the national economy by solarizing various industries—from banking and education to healthcare and manufacturing.
TPS undertakes distributed generation, rooftop, and utility-scale projects across the country. For example, TPS offers solar rooftop solutions for the following:
Furthermore, TPS provides a wide range of solar products for rural and urban markets, including home lighting, street lighting, and solar water pumps.
Founded: 2006
Location: Kolkata, West Bengal, India
Founded by Gyanesh Chaudhary, Vikram Solar Ltd. is one of India’s largest solar module manufacturers with a strong presence in both national and international markets.
Vikram Solar provides solar modules for commercial & industrial, residential, and utility-scale applications.
Vikram Solar’s solar module portfolio includes:
Somera (Monofacial multi busbar PV modules) – 345-665 W
Paradea (Bifacial glass-glass multi busbar PV modules) – 420-660 W
Prexos (Bifacial glass to transparent backsheet multi busbar PV modules) – 340-550 W
Eldora (Polycrystalline PV modules) – 315-350 W
Solivo (Smart PV modules with Smart Ready & Rapid Shutdown features) – 365-385 W
Here are the key features of Vikram Solar PV modules:
Founded: 1989
Location: Mumbai, Maharashtra, India
Waaree Energies Ltd. (Waaree) is the flagship company of the Waaree Group and one of the largest vertically integrated new energy companies.
Apart from solar products, such as PV modules, solar bags, solar mobile chargers, and solar street lights, Waaree provides customized solar EPC solutions based on clients’ needs and energy consumption.
Waaree solar EPC services comprise the following:
According to Waaree, it has “India’s largest solar panel manufacturing capacity of 12 GW” at its plants in Chikhli (Surat) and Umbergaon (Valsad) in Gujarat, India.
The company’s cutting-edge automated production facility manufactures monocrystalline and polycrystalline PV modules for national and global on-grid and off-grid applications.
Waaree’s solar module range includes:
Waaree solar modules are available in various configurations for permanent and semi-permanent installations with key features, such as:
Apart from the solar manufacturers listed above, other solar energy companies play a crucial role in solar PV panel manufacturing and solar power plant management. For instance, XL Energy Limited (XLE) is a leading solar module manufacturer and an E2E (End-to-End) photovoltaic systems integrator, which plans, builds, operates, and owns large photovoltaic plants.
Loom Solar is another well-known company specializing in solar system products like solar panels, solar inverters, solar charge controllers, and solar tubular batteries. For example, Loom Solar’s Fusion 4024 is a solar management unit that makes a solar system generate more solar power than an ordinary charge controller.
Are you looking for the most comprehensive analysis of the solar power market in India?
Blackridge Research & Consulting’s India Solar Power Market report provides research-backed, forward-looking insights into (but not limited to) the following:
In addition, the report assesses the current state and potential of residential, non-residential, and utility-scale solar PV deployment in detail.
You can buy the report directly or email us at sales@blackridgeresearch.com to purchase specific sections of the report.
Contact us to learn more about the introductory offer and instant savings on your first or multiple purchases. You can also reach out to us for custom research services and free report customization.
Furthermore, all report purchases come with up to 60 minutes of exclusive analyst access and post-purchase analyst support up to a year.
Are you looking for a platform that gives you reliable, high-quality, and timely project insights for Solar Power Plant Projects in India?
Discover the Global Project Tracking (GPT) platform by Blackridge Research, designed to provide you with the most recent India Solar Power Projects and tenders better and faster across various stages of development:
The user-friendly interface helps you obtain early-stage awareness of projects and find the right business opportunity quickly.
With its user-friendly interface, this platform empowers you to gain early-stage awareness of projects and swiftly identify the right business opportunities.
Each project will have all the essential details, such as scope, capacity, CapEx, status, project description, companies involved, funding information, location, periodic updates, important event dates like construction start date, commissioning dates, and key contact information of project owners and stakeholders.
The database is a vital resource for a wide range of entities, including developers, EPC Companies, project owners, solar PV module suppliers, BOM, Operation and Maintenance (O&M) companies, data analytics and software providers, consulting and advisory firms, power utilities, investors and financial institutions lending to projects as well as refinancing existing projects, research and development organizations, companies looking for acquisition of solar power plants, government and regulatory bodies, and law firms.
Book a Free demo to learn more about the India solar power plant projects database and how we can help you achieve your goals.
India has been primarily dependent on fossil fuels to meet its energy demands.
However, the widespread development of solar technology is helping the country achieve sustainable energy goals by harnessing the most abundantly available renewable energy resource.
A solar panel is at the heart of any solar installation—it is a cost-effective and environmentally friendly option to generate green energy using sunlight.
Besides meeting domestic manufacturing needs, Indian solar panel suppliers are also exporting PV modules to countries across the world.
Solar energy economics studies indicate the increasing accessibility and affordability of solar power in meeting the needs of consumers for solar cooking, solar electricity generation, solar thermal power production, solar water heating, and other applications.
Solar panel manufacturers in India are helping residential, commercial, and utility-scale customers access clean energy and contributing to the growth of the country’s solar economy with cost-effective, durable, and efficient solar solutions.
