The rise of solar energy has led to the growth of new companies, which are now providing clean and sustainable energy all over India.
These companies have helped India become one of the top locations for solar energy in the world. Here is a list of 12 companies that provide high-quality solar energy products!
1. ReneSola Ltd.
ReneSola Ltd. is one of the best solar energy companies in India. The company was founded in 2005 and has been publicly traded since 2007. The company also has operations in Beijing, China and its market cap is $1.3 billion USD as of 2019-2020 (Q1).
In terms of its valuation, ReneSola Ltd. currently has a P/E ratio of 22.4 which means that its stock price relative to earnings could be considered high compared to other companies in this industry (not necessarily bad).
2. Tata Power Solar Systems Ltd.
Tata Power Solar Systems Ltd. is a subsidiary of Tata Power (formerly Tata Power Company Limited). It was incorporated in the year 2010 and is headquartered in Mumbai, Maharashtra, India.
The company offers solar power solutions to customers across various sectors including commercial and industrial consumers, public organizations, educational institutions etc. This company has installed over 1 GW of capacity since its inception in 2010.
Tata Power Solar Systems Ltd., which has set up a manufacturing facility at Mundra Port in Gujarat has also been awarded with ‘The Best Large Solar PV Plant' award by Indian Renewable Energy Development Agency (IREDA) for its project at Manali-Kullu valley highway near Manali town in Himachal Pradesh (HP).
3. Vikram Solar Pvt. Ltd.
Vikram Solar is a leading Indian manufacturer of solar photovoltaic modules and solar power systems. Vikram Solar was founded in 2006 and is based in Bangalore. The company employs over 5,000 people across five locations, including manufacturing plants in Bangalore (India), Noida (India) and Wuxi (China).
Vikram Solar has manufacturing facilities with an annual capacity of over 9 GWs of crystalline silicon modules per year.
4. Waaree Energies Pvt. Ltd.
At the forefront of solar energy technology in India, Waaree Energies is the largest manufacturer of solar power systems.
The company has been in business since 2002 and has a strong presence in the residential sector. It also has a manufacturing facility in Gujarat, which produces 400 MW worth of panels annually.
5. Indosolar Ltd.
Indosolar Ltd., formerly known as Indosolar Holding GmbH, is a global solar energy company based in Singapore. Established in 2004 by Dr. Michael Liebreich and Rajeev Raj from General Atlantic, the firm has worked with over 100 countries across the world during its time operating.
Indosolar is one of the biggest solar power companies in India with projects worth $1 billion across the country. It currently has around 70 MW of operational capacity along with 150 MW under construction or development phases.
6. Moser Baer Projects Pvt. Ltd.
Moser Baer Projects Pvt. Ltd. is a leading solar power company in India. The company is a subsidiary of Moser Baer, one of the biggest manufacturers and suppliers of solar power products in Asia.
The company developed its first project in 2009 at Kurnool, Andhra Pradesh and has since then expanded their portfolio to 12 states across India.
7. SunEdison Infrastructure Ltd.
SunEdison is one of the best solar module company in India with a diversified portfolio of renewable energy projects and a track record of robust growth across the developed and emerging markets.
The company built its legacy on its seeded technology platform, strong development skills, world class execution capability, and innovative business models that have helped create industry-leading solutions for energy generation.
The SunEdison group maintains in excess of 1 GW of operating solar plants worldwide. Through its subsidiary companies it has entered into agreements to construct or develop more than 8 GW of solar plants globally over the next several years
8. Rays Experts Energy Solutions Pvt. Ltd.
Rays Experts Energy Solutions Pvt. Ltd. is a solar energy company based in Hyderabad, India. Rays Experts Energy Solutions Pvt. Ltd was founded in 2010 and has been operating for 9 years now.
9. Goldi Green Technologies Pvt. Ltd.
Goldi Green Technologies Pvt. Ltd. is an Indian solar energy company based in Hyderabad, India. The company was founded in 2012 by Mr. P.K. Goel, a former director of Renewable Energy Corporation of Andhra Pradesh (RECAP).
Goldi Green has completed projects worth more than $120 million across 11 states and two union territories across India and overseas including United States, France and Bangladesh with a total installed capacity of over 500 MWs at present.
10. Emmvee Solar System Pvt. Ltd.
If you are looking for a solar energy company in India, Emmvee Solar System Pvt. Ltd. is the right choice!
Emmvee Solar System Pvt. Ltd. is a solar energy company based in Bangalore, India. This company was founded in 2009 and has been providing high-quality solar products since then.
11. Ujaas Energy Limited
Ujaas Energy Limited is a leading solar energy company in India. The company was founded in 2010 and has been successful in providing quality solar products to customers.
Ujaas Energy Limited is one of the best solar energy companies in India. It provides affordable, reliable and efficient rooftop solar systems for residential and commercial structures.
MySun is a solar energy company based in Gurgaon. The company was founded by three college students who wanted to create an accessible and affordable solar power system for home use.
The founders have said that they believe in “clean” and “green” living, and this is reflected in their products. Their website offers detailed information on how their systems work, along with testimonials from happy customers who have used them before.
Solar energy has become a booming business!
Solar energy has become a booming business. Solar power companies are everywhere, and the future of solar power is bright. Solar energy is the cleanest source of energy and it’s also the most abundant source of energy on our planet.
In fact, there’s enough solar energy hitting the earth every second to meet all of our current needs — and then some! The future of clean, renewable energy sources like solar panels is bright because they are not only environmentally friendly but also economically viable!
We hope you’ve enjoyed reading through this list of 12 of the best solar power companies in India. If you have any questions or comments, please leave them in the comments below!