There have been promising and matured advancements in solar technology. Though China is leading in the Renewable Energy sector, India is not far behind with its target of adding 114 GW Solar Capacity by 2022. The RE sector will see a growth of almost 5-6 times in the next ten years, which might make India a leader in the RE Market as it already ranked at 4th position in renewable power installed capacity in 2019.

Currently, India has an annual solar module manufacturing capacity of approximately 16 GW. Due to technological progress, several foreign investors are interested in investing in the RE sector of India. The scheme of Make in India by the Government of India as well as MNRE has extended support to the solar industry of India. The country is targeting about 450 GW of installed renewable energy capacity by 2030, out of which 60% is expected from solar.

The government has proposed numerous schemes to support solar panel installations throughout the country. The incentive schemes include the control of solar parks, dynamic bidding trajectory, solar rooftop scheme, solar defense scheme, and more. The government is committed to increased use of clean energy sources and is already undertaking various large-scale sustainable power projects.

Leading Solar Panel Manufacturers in the World

  • Waaree Energies Ltd.:
  • We have India’s largest Solar PV Module manufacturing capacity of 2 GW at our plants in Surat and Umbergaon in Gujarat. Waaree Energies is amongst top player in India and has large presence across solar power value chain. We produce both the solar panel types viz, monocrystalline and multi-crystalline. Waaree also provides EPC services, project developments, rooftop solar solutions, etc. and operates as an independent power producer. We are recognized globally, drawing many potential investors.

  • Adani Solar:
  • Adani Solar is subsidized by one of India’s biggest conglomerates, Adani Enterprises Ltd. It is one of the fifteen largest solar power developers in the world with its head office at Ahmedabad, Gujarat. It has a role in commissioning of one of the world’s largest solar park.

  • RenewSys Solar:
  • RenewSys Solar manufactures many of the essentials necessary for the solar industry, such as solar modules, solar PV cells, encapsulants, and back sheets. Its products are the key components of solar industry & have 2 manufacturing facilities in India. It distributes its components and services to about 40 countries globally.

  • Vikram Solar:
  • Headquartered in Kolkata, it is a leading manufacturer of PV solar modules in India. They have an annual PV Module manufacturing capacity of 1 GW. Vikram Solar has over 1355 MW of solar projects across India. They have a huge international presence.

  • SunPower:
  • SunPower is known for its high-efficiency solar panels, particularly the N-type monocrystalline silicon, which features its maxeon cell technology.  SunPower is one of the United States’ largest residential assemblers. Also the company plans on continuous investment in Fab 4 facility which will make higher efficiency Maxeon 4 cells.

  • Panasonic:
  • One of the top solar companies, Panasonic is a leading developer of solar photovoltaic panel technology. Panasonic has it’s headquarter in Japan, & has a unique structure for its high efficiency solar cell. It makes use of high-level bifacial cells that increase the energy output.

  • Jinko Solar:
  • The leading Chinese company has presence in solar supply chain; Jinko Solar has its reach in the solar industry all over the world. It is a distributor for many countries such as the US, UK, Japan, India, etc. Jinko has annual capacity of 16 GW for modules, 11.5Gw of Mono Wafers & so on, which is commendable.

  • REC Solar:
  • REC Solar was established in Norway in 1996. To date, it has produced about 38 million solar panels and has gained a good reputation in last 2-3 decades. They are the manufacturers of panels 20% more powerful than conventional solar panels.

  • LG Solar:
  • LG is one of the South Korean electronics conglomerates that have made their way through the solar energy space. It now offers solar products that combine high performance with low consumption rates. LG Solar modules are characterized by their max load capacity as well as are backed by guarantee of one of the largest electronic conglomerate.

These are some of the top solar power manufacturers both in India and across the globe. Find the best among the overall manufacturers of solar panels and be a part of the world’s eco-friendly users of energy sources.

Waaree Energies is always here to serve you in accomplishment of your goal to go solar and save electricity for your future generations. Go Solar with WAAREE today.

You can also read: Top 10 Solar Companies in India [2023]

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