Top 10 Solar PV Module Manufacturers in India

1. Adani Solar - Top Solar PV Module Manufacturer in India

Adani Solar, a key entity within the Adani Group, India's largest and most diversified business conglomerate, stands as the nation's foremost vertically integrated solar PV manufacturer. Founded in either 2015 or 2016, the company operates with a clear vision: to establish the world's first fully integrated solar manufacturing ecosystem with a capacity of 10 GW in Mundra, Gujarat.

This vertical integration provides Adani Solar with significant control over its entire value chain, from the initial stages of raw material processing, such as metallurgical-grade silica, to the production of finished modules. This comprehensive internal management potentially leads to enhanced quality control and improved cost efficiency throughout the manufacturing process.

Adani Solar offers a diverse range of high-quality solar products, including solar panels, solar cells, and solar inverters. Their PV modules are designed to cater to a wide array of applications, spanning residential, commercial, and industrial needs. The product portfolio includes advanced series such as the TOPCon Shine Series and the MonoPERC Pride and Shine Series.

The company's commitment to manufacturing excellence is evident in its state-of-the-art facilities located in Mundra, Gujarat. These facilities are recognized as being among the most advanced globally and hold green building certifications, reflecting a dedication to both efficiency and sustainability in their manufacturing operations.

Currently, Adani Solar boasts a substantial production capacity of 4 GW for both solar cells and modules, along with 2 GW for the production of ingots and wafers. Furthermore, the company has ambitious plans to expand its total manufacturing capacity to 10 GW. Notably, Adani Solar is also recognized as the largest solar cell manufacturer in India, holding a significant 50% market share with a 4 GW capacity.

This substantial production capability positions Adani Solar as a critical player in fulfilling India's renewable energy targets and potentially in serving international markets. As part of a conglomerate with a market capitalization exceeding USD 200 billion, Adani Solar benefits from strong financial backing, which facilitates large-scale projects and ambitious expansion initiatives. The company is also recognized as one of the 15 largest utility solar power developers worldwide. A significant project includes the commissioning of a 551MW solar project in Gujarat in February. Looking ahead, Adani Group has announced plans to establish the world's first fully integrated 10 GW solar manufacturing ecosystem by 2027.

Adani Solar's commitment to quality and reliability is underscored by its consistent recognition and certifications. The company has been rated as a Top Performer by PVEL for six consecutive years and holds certifications for quality from leading international agencies. Additionally, Adani Solar is listed under the Approved List of Models and Manufacturers (ALMM) and is BIS certified. These certifications from reputable organizations provide independent validation of the high standards of Adani Solar's products.

A key unique selling proposition of Adani Solar is its vertically integrated manufacturing process, which provides end-to-end control over production. Furthermore, the company emphasizes its focus on high-efficiency PV modules, including the adoption of advanced technologies like TOPCon.

2. Bluebird Solar - Top Solar PV Module Manufacturer in India

Bluebird Solar has established itself as a trusted name in the Indian solar energy sector, building upon the 40-year legacy of its parent company, Bluebird Stabilizers, a reputable brand in electrical products. Operating as a Strategic Business Unit (SBU), Bluebird Solar is actively involved in manufacturing high-quality solar products while providing exceptional service.

The company's mission includes contributing to India’s green energy initiatives under the National Solar Mission (JNNSM), with a strong emphasis on product innovation and the delivery of efficient solar power solutions. Furthermore, Bluebird Solar aims to support India's energy independence through its comprehensive solar Engineering, Procurement, and Construction (EPC) services.

Bluebird Solar offers a diverse range of solar panels to meet various energy needs. Their product line includes Polycrystalline, Mono PERC, and Half-Cut Glass to Glass, Monofacial and Bifacial solar panels. These panels are available in a wide range of power outputs, from 40W to 340W for polycrystalline, 50W to 410W for mono PERC, and 535W to 550W for half-cut variants. Additionally, Bluebird Solar offers next-generation N-Type TOPCon and Mono PERC Halfcut PV modules with power outputs ranging from 480Wp to 645Wp.

The company's manufacturing facility is equipped with a fully automatic production line, with a capacity of either 400MW or 1.2 GW, featuring advanced, AI-driven machinery to ensure precision and efficiency. The facility holds ISO 9001:2015, ISO 14001-2015, and ROHS accreditations, and has a daily production capacity of 1 MW or 100 palettes. Bluebird Solar is also planning a significant capacity expansion of 2.5 GW.

Bluebird Solar has garnered a substantial customer base, with over 15,000 satisfied customers and more than 500 successful projects completed. The company has supplied over 500 MW of PV modules and reports an annual turnover between 25 to 100 Crore INR. Their key projects include the installation of rooftop solar systems for various government and private entities.

Bluebird Solar's commitment to quality and compliance is evident in its certifications, including BIS certification and ALMM listing. They are also MNRE listed and comply with IEC and BIS standards. Furthermore, their type testing certifications cover a comprehensive range of standards, such as IEC 61215, IEC 61730, IEC 61701, IEC 62804, IEC 62716, and IEC 61853.

Bluebird Solar's unique selling propositions include being backed by a long-standing and trusted brand, offering a wide variety of solar panel options, and providing direct-to-customer services for enhanced convenience. They also highlight the use of Higher Efficiency 16BB Solar Cells and the availability of advanced N-Type TOPCon modules in their product range. The company's extensive certifications demonstrate its adherence to both national and international quality and safety benchmarks.

3. Emmvee Solar - Top Solar PV Module Manufacturer in India

Emmvee Solar stands as a leading solar panel manufacturer in both India and the USA, holding a significant market presence across India, Europe, Africa, and the Middle East. Established in Bengaluru, India in 1992 by D.V. Manjunatha, the company initially focused on solar water heaters before expanding into photovoltaic modules. Emmvee's vision is to empower individuals and organizations to achieve energy independence through high-quality, innovative, and cost-effective solar products. The company prioritizes superior quality, consumer focus, and operational transparency.

Emmvee Solar offers a comprehensive range of solar products, including Photovoltaic Modules such as TOPCon, Bi-Facial, Monofacial, and Polycrystalline variants, as well as premium quality Solar Water Heaters. They also provide Turnkey Solutions for Rooftop and Solar Water Heater installations. Their PV modules feature advanced technology, with output capabilities reaching up to 680 Wp. Emmvee's manufacturing operations are based in multiple production units located in Karnataka, India, which include in-house production of toughened glass. The company utilizes advanced solar panel technology in its production processes.

Emmvee Solar's annual PV module manufacturing capacity reached 500 MW in 2016, and they had supplied over 1 GW+ of modules by 2017. The company is currently increasing its PV module manufacturing capacity to 5 GW and is launching a new 2.5 GW Topcon Cell Line, indicating a commitment to growth and technological advancement. Emmvee has established a strong global presence, supplying solar modules to Europe, North America, the Middle East, and Africa for over 15 years, achieving a remarkable zero claim rate in Europe. Key projects include a tolling agreement with Hero Future Energies for 600 MWp of high-efficiency solar modules and securing a 795.4 MWp Topcon DCR Module supply order for the NTPC Khavda Project.

Emmvee Solar's dedication to quality and performance is reflected in its numerous certifications. They are recognized by KIWA as India's top PV manufacturer and are the only Indian manufacturer to lead in all categories of Kiwa PVEL PQP Testing. Emmvee holds ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007, IEC61215, and IEC61730 accreditations. Their products are also UL and BIS certified and have a saltwater mist corrosion certification. Additionally, Emmvee holds certifications such as 3X IEC Reliability Test, ALMM listing, Solar Key Mark Certificate, and Dubai Municipality Product Conformity.

Emmvee's unique selling propositions include the production of premium quality and durable solar products, a focus on continuous innovation and technological improvements, and the offering of advanced Bi-facial PV modules and a commitment to TOPCon technology.

4. Goldi Solar - Top Solar PV Module Manufacturer in India

Goldi Solar has rapidly emerged as India's fastest-growing and most quality-conscious solar brand, headquartered in Surat, Gujarat. Established in 2011, the company has expanded its global footprint to over 20 countries. Goldi Solar operates with a vision of transforming energy for a sustainable tomorrow and a mission to become the market leader in sustainable solar solutions, thereby contributing to India's net-zero target by 2070.

Goldi Solar offers a wide range of high-quality solar modules suitable for various applications, including Tier-1 panels designed for enhanced energy production and longevity. Their HELOC̣® Pro series features both mono-facial and bi-facial modules utilizing M10 wafer sizes, with wattage ranging from 435 Wp to 600 Wp. The company maintains two manufacturing facilities in Pipodra and Navsari, Gujarat, where stringent quality inspection procedures are implemented using top-tier raw materials.

Currently, Goldi Solar has a manufacturing capacity of 2.5 GW, with ambitious plans to significantly increase this to 14 GW for modules by mid-FY26 and to establish a 4 GW cell manufacturing capacity by FY27. The company has achieved the prestigious "Bankable Tier 1" status from Bloomberg New Energy Finance in 2020 and has been certified as a "Top Performer” by Kiwa PVEL in 2024. Goldi Solar boasts a global presence with over 20,000 clients and has executed more than 10,000 projects across rooftop, pump, and telecom sectors, including over 200 MW of Independent Power Producer (IPP) projects.

Goldi Solar's commitment to quality and reliability is further evidenced by its extensive certifications, including Kiwa PVEL "Top Performer" in 2024, ALMM listing, BIS certification, and ISO 9001, ISO 14001, and ISO 4501 certifications. They also hold IEC CB Scheme, UL Listed, DNV Bankable, DEWA, RETIE, and State of California certifications.

Goldi Solar distinguishes itself as a quality-conscious brand with a focus on high-efficiency and low-carbon modules (HELOC̣® Pro). Besides manufacturing, they also provide EPC services and operate as an IPP.

5. Loom Solar - Top Solar PV Module Manufacturer in India

Loom Solar has quickly risen to prominence as India's No. 1 solar company in the residential sector. Founded in 2018 by brothers Amol and Amod Anand, this startup, based in Faridabad, Haryana, manufactures a comprehensive range of solar power generating systems and components. Loom Solar is dedicated to providing customer-centric and high-quality solar products, making clean energy more accessible through its online platform.

Loom Solar specializes in high-efficiency mono-PERC solar panels, offering a wide array of options from 10 watts to 450 watts. Their product range caters to residential, commercial & industrial, and agricultural applications. Additionally, Loom Solar manufactures lithium batteries and PV inverters, providing a complete suite of solar energy solutions. The company operates two manufacturing units in India and houses an in-house Research and Development (R&D) facility, supported by a team of over 150 skilled professionals. Currently, Loom Solar has a manufacturing capacity of 100 MW.

Loom Solar has experienced rapid growth, serving over 50,000 satisfied customers across India and establishing a presence in 500 districts through a network of over 10,000 channel partners. Their products are also exported to more than 10 countries. In the fiscal year 2023-24, Loom Solar reported a revenue of ₹152.46 Cr.

Loom Solar holds ISO 9001 - 2015 certification and is recognized as a startup by the Government of India. They are also BIS certified, RoHS and CE certified, and hold a patent certificate for their PV dc power generator with reverse current blocking. Their products are also ALMM listed.

Loom Solar's unique selling propositions include its focus on mono-PERC and bifacial solar panels, a direct-to-consumer (D2C) business model, and a wide range of panel wattages to suit various needs. They also offer advanced energy storage solutions with their lithium batteries.

6. Premier Energies - Top Solar PV Module Manufacturer in India

Premier Energies has established itself as a leading manufacturer and supplier of PV Solar Cells and Modules in India, offering sustainable energy solutions for over 29 years. As an integrated solar cell and module manufacturing company, Premier Energies is backed by GEF Capital, a private equity investor based in Washington DC. The company is at the forefront of innovative technology, producing high-tech photovoltaic products and solutions.

Premier Energies manufactures high-efficiency PV panels suitable for a wide range of applications, from rooftop installations to factories and large-scale utility projects. Their product range includes Polycrystalline and Mono PERC Solar Modules with 108-144 Solar Cells, achieving efficiencies of up to 22%. They also offer Bifacial Solar PV Modules. The company's manufacturing facility at E-City, Hyderabad, features cutting-edge technology, including an automated mono PERC manufacturing line with a cell efficiency of 23.3% and a fully automated module line capable of handling half-cut cells and bifacial modules. Premier Energies also prioritizes sustainability with a Zero-Liquid Discharge System for water recycling.

Premier Energies has an annual manufacturing capacity of 1 GW for solar cells and 3.36 GW for solar modules, with an additional 1 GW module line and 1 GW TOPCon cell line currently under construction. The company has plans to expand its capacity to 7 GW for cells and 9.1 GW for modules by June 2026. As of FY24, Premier Energies exports over 95 percent of India's solar cell exports and had a strong order book of Rs. 5,926.56 Crores as of July 31, 2024. Recently, they secured solar module orders worth INR 1,234 crore, with deliveries expected to commence in April 2025, and are investing significantly in expanding their TOPCon cell and module production capabilities. In Q3 FY25, Premier Energies demonstrated strong financial performance with substantial year-on-year growth in revenue and profit.

Premier Energies is the first solar manufacturer in India to achieve the Great Place to Work certification three times in a row, highlighting a positive work environment. Their solar factory in Telangana has also earned LEED Gold Certification, underscoring their commitment to sustainable manufacturing practices. Additionally, their products are ALMM listed.

Premier Energies' unique selling propositions include their integrated solar cell and module manufacturing, a focus on advanced technologies like TOPCon cells, high cell efficiency, and a strong emphasis on sustainability in their operations.

7. RenewSys - Top Solar PV Module Manufacturer in India

RenewSys has established itself as a leading manufacturer of high-quality solar photovoltaic modules and critical components in India. They are recognized as the first integrated manufacturer of PV Modules and their key components, including Backsheets and Encapsulants, within the country. RenewSys is known for its strong emphasis on innovation and environmentally responsible practices.

RenewSys offers a comprehensive range of sunlight-based solutions, including solar chargers. Their product portfolio includes PV panels, solar encapsulants, and backsheets, as well as PV modules, PV cells, and encapsulants like EVA and POE. The company's SGalactic and Extreme series represent their Smart PV Modules. RenewSys also provides modules with power outputs ranging from 40Wp to 390Wp, along with bifacial options capable of reaching 663WP with a 70% albedo. The company operates two manufacturing units in India, which supply products to over 40 nations globally. Their Patalganga facility in Maharashtra is dedicated to solar module manufacturing. Notably, RenewSys is the first and only Indian module and component manufacturer to house a dedicated 'Product Excellence Centre'. They also operate a reliability laboratory and testing facility in India that is accredited as a customer testing facility by Intertek Testing Services.

RenewSys has been strategically expanding its manufacturing capabilities, with plans to increase its PV module manufacturing capacity to 3.5 GW by September 2023 and its Encapsulants manufacturing capacity to 48.3 million square meters by June 2023. As of September 30, 2022, their existing capacities included 1,772 MW for PV modules, 130 MW for PV cells, 29.0 Msqm for Encapsulants, and 19.96 Msqm for Backsheet. RenewSys has demonstrated healthy revenue growth over the past few years. They have secured significant supply agreements, including a pact with Radiance to provide 72.5 MWp of TOPCon Modules and a 100 MW Solar Module Supply Deal with Engie India. Their modules have also been utilized in international projects, such as a 1.1 MW installation at Nelson Mandela University in South Africa. In FY2022, RenewSys reported an operating income of Rs 1194.4 crore.

RenewSys stands out as the first company in India to achieve a 5-star rating from the Bureau of Energy Efficiency (BEE) for its TOPCon 650 Wp solar panel, signifying exceptional energy efficiency. Their modules are designed to be IEC and UL certified and the company has obtained insurance with Munich- Re, along with a DNV-GL report for bankability. RenewSys also holds ISO 9001 and ISO 14001 certifications and has received anA-(Stable)/ A2+ rating. Their products are also ALMM listed.

RenewSys has pioneered several innovations, including Anti-Acid EVA Technology to prevent solar cell corrosion and being the first in India to introduce bifacial solar PV modules and high-efficiency N-type TOPCon cells. They also hold India's first and only Backsheet patent and were the first to introduce POE, as well as establish the first in-house reliability testing lab for solar panels in India.

8. Tata Power Solar Systems - Top Solar PV Module Manufacturer in India

Tata Power Solar Systems holds a prominent position in the Indian energy sector, backed by the esteemed Tata Group. With over three decades of experience since its establishment in 1989, the company has become a trusted provider of solar solutions, catering to both residential and commercial clients. Tata Power Solar's vision is to empower a billion lives through sustainable, affordable, and innovative energy solutions.

The company offers a comprehensive range of solar products, including solar chargers, inverters, and batteries. Their high-quality solar panels, solar cells, and solar inverters are well-regarded in the industry. Tata Power Solar provides solutions for rooftop solar installations, utility-scale projects, and solar water pumps. They manufacture both mono and multi-crystalline cells and modules, ensuring a diverse product portfolio to meet varied customer needs. Tata Power Solar's manufacturing plant in Tamil Nadu is equipped with cutting-edge capabilities, reflecting the company's strong focus on quality and efficiency.

Tata Power Solar has a substantial manufacturing capacity of 3 GW. Their 4.3 GW solar module manufacturing plant in Tuticorin, Tamil Nadu, reached its full operational capacity in September 2024. Additionally, they have commenced operations at a new 2 GW solar cell manufacturing unit within the same facility, with plans to achieve a total manufacturing capacity of 4.9 GW each for solar cells and modules. As of FY24, Tata Power Solar is the 3rd largest solar module manufacturer in India, holding a 7% market share with a 4.97 GW capacity, and the 5th largest solar cell manufacturer with a 6% market share and 0.53 GW capacity. Over the past 20 years, Tata Power Solar has shipped approximately 1.4 GW of solar modules worldwide and has supplied over 1.4 GW globally. They have also developed India's largest rooftop solar project and floating solar power project, a 101.6 MWp installation in Kayamkulam, Kerala. Tata Power Solar currently holds 13% of the domestic solar module market. For the half year ending September 30, 2024, the company reported a 5% year-on-year revenue increase to Rs 320.6 billion and a 41% jump in net profit to Rs 27.2 billion.

Tata Power Solar is recognized internationally as a premium Tier-1 bankable solar panel and module manufacturer. They are also BIS certified and ALMM listed. Their commitment to quality is further underscored by their ISO 9001 certification.

A key unique selling proposition of Tata Power Solar is its long history and strong brand reputation as part of the Tata Group. They offer a wide spectrum of solar solutions, maintain a strong presence in residential rooftop installations, and are known for their innovative and sustainable approach to solar energy, as demonstrated by pioneering projects like India's largest rooftop and floating solar power plants.

9. Vikram Solar - Top Solar PV Module Manufacturer in India

Vikram Solar stands as one of the largest solar module manufacturers in India by capacity, with a strong focus on technological innovation and sustainable development. Headquartered in Kolkata, the company was founded in 2005 by Gyanesh Chaudhary. Vikram Solar is committed to contributing to both national and global solar energy transition targets, with a mission centered around harnessing natural resources for natural energy, reducing carbon emissions, and fostering a climate for change.

Vikram Solar offers a diverse portfolio of solar products, including solar panels, solar modules, and comprehensive EPC solutions. Their product range includes mono and bifacial solar panel modules, along with specific series such as Suryava, Hypersol, and Paradea. The company has also launched advanced n-type monocrystalline cell modules and heterojunction (HJT) PV modules. Vikram Solar operates manufacturing facilities at Falta SEZ in Kolkata, West Bengal, and in Oragadam, Chennai, Tamil Nadu, emphasizing strong engineering capabilities in the production of high-efficiency PV modules.

As of March 2024, Vikram Solar has an annual module manufacturing capacity of 4.5 GW, a significant increase from its initial capacity of 12 MW in 2009. By June, the company had shipped over 3 GW of modules globally and had become India's largest module manufacturer with a capacity of up to 2.5 GW. In FY 2023-24, Vikram Solar reported a revenue of INR 25,109.90 Million. The company has installed and commissioned over 1355 MW of solar projects across India and has more than 275 projects executed or under execution, totaling 1.03 GW as of March 31, 2024. Key projects include solar installations at various airports and large-scale projects for entities like NTPC.

In 2024, Vikram Solar achieved the distinction of being India's only Tier 1 module manufacturer, as listed by BNEF. They have also consistently secured the 'Top Performer' position from KIWA PVEL for the seventh time in eight years. Vikram Solar's commitment to sustainability is reflected in the ISO 14001:2015 and ISO 45001:2018 certifications for their Falta and Oragadam facilities, as well as the SA 8000:2014 certification for social accountability at the Falta facility. The company is also a participant in the United Nations Global Compact (UNGC) and the Science Based Targets initiative (SBTi). Their products are BIS certified and ALMM listed.

Vikram Solar's unique selling propositions include their focus on advanced module technologies like bifacial and mono-PERC, their pioneering role in establishing India's first floating solar plant, and a strong emphasis on ESG principles and sustainability. The launch of n-type monocrystalline cell modules and HJT PV modules further highlights their commitment to innovation.

10. Waaree Energies - Top Solar PV Module Manufacturer in India

Waaree Energies is recognized as a leading solar energy solutions provider in India and holds the distinction of being the country's largest manufacturer of solar PV modules. Founded in 1989 and headquartered in Mumbai, Maharashtra, Waaree Energies operates with a vision to deliver high-quality, cost-effective sustainable energy solutions across all markets, thereby reducing carbon footprints.

Waaree Energies offers a comprehensive range of solar products, including solar chargers, inverters, and battery storage solutions. Their extensive product portfolio includes solar panels, solar inverters, and solar water pumps. Waaree's PV modules are manufactured using multicrystalline, monocrystalline, and advanced Topcon technology, catering to diverse application needs. Their product range includes N-type Topcon, P-Type Mono PERC, Bifacial, BIPV, Flexible, and Polycrystalline modules, with power handling capabilities from 3W to 600W. Waaree Energies boasts a significant manufacturing infrastructure, including a 2 GW module manufacturing unit in Surat equipped with a NABL-accredited laboratory. The company has four solar module manufacturing facilities in India and maintains an international presence. Notably, Waaree Energies was the first company in India to establish an in-house NABL-certified testing facility.

As of June 30, 2024, Waaree Energies holds the largest aggregate installed capacity for solar PV modules in India, totaling 13.3 GW. Their manufacturing capacity in Surat alone is 12 GW. Globally, their manufacturing capacity is approximately 15 GW. Additionally, Waaree has a 1.4 GW cell manufacturing facility with plans to expand up to 5.4 GW. They are also expanding their manufacturing footprint by establishing a new facility in the United States with a capacity of up to 3 GW. As of June 30, 2023, Waaree Energies held a 17 percent market share in India in terms of annual installed capacity. Waaree Energies has a widespread presence with over 360 locations in India and operations in 68 foreign countries. Through its subsidiary, Waaree Renewables Technology Limited (WRTL), the company has successfully executed over 10,000 solar projects, amounting to more than 2.5 GW of operational capacity. The company's revenue from operations saw a substantial year-on-year growth of 137% from Rs. 2,854.26 Crores in FY22 to Rs. 6,750.87 Crores in FY23, with profits increasing from Rs. 79.65 Crores to Rs. 500.27 Crores during the same period. Recent key projects include securing a 410 MW Solar Module Supply Order from Aditya Birla Renewable Ltd. and inaugurating Bharat's largest solar cell manufacturing Gigafactory in Chikhli, Gujarat.

Waaree Energies has achieved significant recognition in the industry, becoming the first Indian solar PV module manufacturer to receive an 'A' category rating in PV Tech's ModuleTech Bankability Ratings. Their PV Module Test Laboratory (PMTL) in Chikhli is accredited by NABL, further validating their commitment to quality. Waaree Energies has also earned the EcoVadis gold medal, placing them among the top 5% of companies globally for ESG excellence. They are the first and only PV solar module manufacturer to achieve PV Tech's coveted ModuleTech Bankability 'A' rating and have also received the Environmental Product Declaration (EPD) certification for their low-carbon solar modules.

Waaree Energies' unique selling propositions include being the largest manufacturer of solar PV modules in India with significant manufacturing capabilities and a strong global presence. They offer comprehensive solar solutions, including EPC services, project development, and rooftop installations, and are at the forefront of next-generation solar technology with their TOPCon and HJT modules.