Top 20 Solar Electric Power Generation companies in 2023

Top 20 Solar Electric Power Generation companies in 2023

Solar electric power generation companies are companies that specialize in producing electricity from the sun through the use of photovoltaic (PV) panels or concentrating solar power (CSP) systems

The solar electric power generation industry in India has seen significant growth in recent years. The Indian government has set a target of installing 100 gigawatts (GW) of solar capacity by 2022, which has driven growth in the sector.

As of 2022, India has become one of the largest markets for solar power, with a total installed capacity of over 40 GW. The government has implemented various policies and incentives to support the growth of the industry, such as the Jawaharlal Nehru National Solar Mission, which aims to increase the use of solar energy in the country.

Several Indian companies have emerged as key players in the solar power generation industry, including:

1. Adani Green Energy
2. Tata Power Solar Systems
3. ReNew Power
4. Hero Future Energies
5. Azure Power
6. ACME Solar
7. Vikram Solar
8. Jaiprakash Power Ventures
9. IL&FS Energy Development Company
10. AMP Energy
11. Mahindra Susten
12. SoftBank Energy
13. L&T Infrastructure Development Projects
14. JSW Energy
15. Kolkata-based Sumant Sinha-led ReNew Power
16. BHEL
17. Suzlon Energy
18. SunEdison
19. Mytrah Energy
20. Reliance Power

These companies are involved in various aspects of the industry, including manufacturing, project development, engineering, procurement, construction (EPC) services, and operation and maintenance services.

It’s worth noting that the solar energy sector in India is highly competitive, and rankings can change rapidly based on new developments and projects.

Adani Green Energy

 

Adani Green Energy Limited (AGEL) is a subsidiary of the Adani Group, one of India’s largest conglomerates. AGEL is a leading player in the Indian renewable energy sector and is focused on developing, building, owning, and operating utility-scale solar and wind power assets in India.

The company has a target of achieving 25 GW of renewable energy capacity by 2025 and is well on its way to achieving this goal. As of 2022, Adani Green Energy had an installed capacity of over 10 GW, making it one of the largest renewable energy companies in India.

The company is involved in various aspects of the renewable energy industry, including project development, engineering, procurement and construction (EPC) services, and operation and maintenance services.

Adani Green Energy is committed to reducing India’s dependence on fossil fuels and promoting the use of clean, renewable energy. The company is contributing to the growth of the Indian renewable energy sector and is a key player in the country’s efforts to meet its renewable energy targets.

Tata Power Solar Systems

 

Tata Power Solar Systems Limited is a subsidiary of Tata Power, one of India’s largest integrated power companies. Tata Power Solar is a leading player in the Indian solar energy sector and has been involved in the industry for over three decades.

The company is focused on the design, manufacture, and sale of solar photovoltaic (PV) modules and systems, as well as providing engineering, procurement, and construction (EPC) services for solar projects.

Tata Power Solar has a strong reputation for quality and reliability and has supplied solar modules and systems to customers in more than 100 countries.

In addition to its core business, Tata Power Solar is involved in various other aspects of the renewable energy sector, including project development, operation and maintenance, and energy storage. The company is committed to reducing the cost of solar energy and making it accessible to a wider range of customers.

Tata Power Solar is playing a significant role in the growth of the Indian solar energy sector and is contributing to the country’s efforts to achieve its renewable energy targets.

ReNew Power

 

ReNew Power is a leading independent renewable energy company in India. The company was founded in 2011 and has since become one of the largest renewable energy companies in the country. ReNew Power is focused on developing, building, owning, and operating renewable energy assets, including wind and solar power.

As of 2022, the company had a total installed capacity of over 10 GW, with a presence in 18 states in India. ReNew Power is committed to reducing India’s dependence on fossil fuels and promoting the use of clean, renewable energy.

The company is contributing to the growth of the Indian renewable energy sector and is a key player in the country’s efforts to meet its renewable energy targets.

In addition to its core business, ReNew Power is involved in various other aspects of the renewable energy sector, including project development, engineering, procurement and construction (EPC) services, and operation and maintenance services.

The company has a strong reputation for quality and reliability and is well-regarded by investors and customers alike.

ReNew Power has received several awards and recognition for its contributions to the renewable energy sector in India and is playing a significant role in the growth of the industry.

Hero Future Energies

 

Hero Future Energies is a subsidiary of Hero Group, one of India’s largest conglomerates. The company is focused on the development, construction, and operation of renewable energy assets, including wind and solar power.

Hero Future Energies was founded in 2013 and has since become one of the largest renewable energy companies in India. As of 2022, the company had a total installed capacity of over 2 GW, with a presence in 13 states in India.

The company is committed to reducing India’s dependence on fossil fuels and promoting the use of clean, renewable energy. Hero Future Energies is contributing to the growth of the Indian renewable energy sector and is a key player in the country’s efforts to meet its renewable energy targets.

In addition to its core business, Hero Future Energies is involved in various other aspects of the renewable energy sector, including project development, engineering, procurement and construction (EPC) services, and operation and maintenance services.

The company has a strong reputation for quality and reliability and is well-regarded by investors and customers alike.

Hero Future Energies is playing a significant role in the growth of the Indian renewable energy sector and is committed to making clean energy accessible and affordable to customers in India.

Azure Power

 

Azure Power is a leading independent solar power producer in India. The company was founded in 2008 and has since become one of the largest renewable energy companies in the country. Azure Power is focused on developing, building, owning, and operating solar power assets in India.

As of 2022, the company had a total installed capacity of over 4 GW, with a presence in 18 states in India. Azure Power is committed to reducing India’s dependence on fossil fuels and promoting the use of clean, renewable energy.

The company is contributing to the growth of the Indian renewable energy sector and is a key player in the country’s efforts to meet its renewable energy targets.

In addition to its core business, Azure Power is involved in various other aspects of the renewable energy sector, including project development, engineering, procurement and construction (EPC) services, and operation and maintenance services.

The company has a strong reputation for quality and reliability and is well-regarded by investors and customers alike.

Azure Power has received several awards and recognition for its contributions to the renewable energy sector in India and is playing a significant role in the growth of the industry. The company is committed to making clean energy accessible and affordable to customers in India and is dedicated to providing high-quality and reliable solar power solutions to its customers.

ACME Solar

 

ACME Solar is a leading independent renewable energy company in India. The company is focused on the development, construction, and operation of solar power assets in India and is one of the largest independent solar power producers in the country.

As of 2022, the company had a total installed capacity of over 6 GW, with a presence in 17 states in India. ACME Solar is committed to reducing India’s dependence on fossil fuels and promoting the use of clean, renewable energy.

The company is contributing to the growth of the Indian renewable energy sector and is a key player in the country’s efforts to meet its renewable energy targets.

In addition to its core business, ACME Solar is involved in various other aspects of the renewable energy sector, including project development, engineering, procurement and construction (EPC) services, and operation and maintenance services.

The company has a strong reputation for quality and reliability and is well-regarded by investors and customers alike.

ACME Solar has received several awards and recognition for its contributions to the renewable energy sector in India and is playing a significant role in the growth of the industry. The company is committed to making clean energy accessible and affordable to customers in India and is dedicated to providing high-quality and reliable solar power solutions to its customers

Vikram Solar

 

Vikram Solar is a leading manufacturer and provider of solar photovoltaic (PV) products and services in India. The company was founded in 2006 and has since become one of the largest solar PV companies in the country.

Vikram Solar specializes in the design, engineering, manufacturing, and installation of solar panels and other solar PV products. The company also provides various services, including project development, engineering, procurement, and construction (EPC) services, and operation and maintenance services.

As of 2022, Vikram Solar has a strong presence in the Indian solar PV market and has a growing global presence, with operations in several countries. The company is committed to reducing the world’s dependence on fossil fuels and promoting the use of clean, renewable energy.

In addition to its core business, Vikram Solar is involved in various other aspects of the renewable energy sector, including research and development, product design, and manufacturing. The company has a strong reputation for quality and reliability and is well-regarded by investors and customers alike.

Vikram Solar is dedicated to providing high-quality and reliable solar PV products and services to its customers and is playing a significant role in the growth of the Indian and global renewable energy sectors.

Jaiprakash Power Ventures

 

Jaiprakash Power Ventures Limited (JPVL) is an Indian power company that was established in 1994. The company is part of the Jaypee Group, which is one of the largest infrastructure companies in India.

JPVL is involved in the development and operation of power generation and distribution projects in India. The company has a portfolio of thermal and hydropower plants with a total installed capacity of over 5 GW.

In addition to its core business, JPVL is involved in various other aspects of the power sector, including project development, engineering, procurement and construction (EPC) services, and operation and maintenance services.

JPVL has a strong reputation for quality and reliability and is well-regarded by investors and customers alike. The company is committed to meeting the energy needs of India’s growing population and is dedicated to providing high-quality and reliable power solutions to its customers.

As of 2022, JPVL is a leading player in the Indian power sector and is playing a significant role in the growth of the industry. The company is committed to reducing India’s dependence on fossil fuels and promoting the use of clean, renewable energy, and is actively involved in the development of renewable energy projects in the country.

IL&FS Energy Development Company

 

IL&FS Energy Development Company (IEDC) is a subsidiary of IL&FS, which is one of India’s largest infrastructure development and finance companies. IEDC was established in 1989 and is focused on the development of renewable energy projects in India.

IEDC is involved in various aspects of the renewable energy sector, including project development, engineering, procurement and construction (EPC) services, and operation and maintenance services.

The company has a strong presence in the Indian solar and wind energy markets and has developed several large-scale renewable energy projects in the country.

As of 2022, IEDC had a total installed capacity of over 2 GW and was playing a significant role in the growth of the Indian renewable energy sector. The company is committed to reducing India’s dependence on fossil fuels and promoting the use of clean, renewable energy.

In addition to its core business, IEDC is involved in various other aspects of the infrastructure development and finance sector, including project finance, infrastructure development, and asset management.

The company has a strong reputation for quality and reliability and is well-regarded by investors and customers alike.

IEDC is dedicated to providing high-quality and reliable renewable energy solutions to its customers and is committed to making clean energy accessible and affordable to people in India and around the world.

AMP Energy

 

AMP Energy is a renewable energy company that is focused on developing, building, and operating clean energy projects around the world. The company is part of the AMP Capital Group, which is one of the largest investment management firms in Asia-Pacific.

AMP Energy specializes in the development of solar, wind, and energy storage projects and has a strong presence in several key markets, including India, Australia, and Europe. The company is committed to reducing the world’s dependence on fossil fuels and promoting the use of clean, renewable energy.

As of 2022, AMP Energy had a portfolio of several large-scale renewable energy projects and was playing a significant role in the growth of the global renewable energy sector. The company is dedicated to providing high-quality and reliable clean energy solutions to its customers and is committed to making renewable energy accessible and affordable to people around the world.

In addition to its core business, AMP Energy is involved in various other aspects of the renewable energy sector, including research and development, product design, and manufacturing. The company has a strong reputation for quality and reliability and is well-regarded by investors and customers alike.

Mahindra Susten

Mahindra Susten is a subsidiary of the Mahindra Group, one of India’s largest conglomerates. The company was established in 2008 and is focused on the development, construction, and operation of renewable energy projects in India and around the world.

Mahindra Susten specializes in the development of solar and energy storage projects and has a strong presence in several key markets, including India, the United States, and Europe. The company is committed to reducing the world’s dependence on fossil fuels and promoting the use of clean, renewable energy.

As of 2022, Mahindra Susten had a total installed capacity of over 1 GW and was playing a significant role in the growth of the Indian and global renewable energy sector. The company is dedicated to providing high-quality and reliable clean energy solutions to its customers and is committed to making renewable energy accessible and affordable to people around the world.

In addition to its core business, Mahindra Susten is involved in various other aspects of the renewable energy sector, including research and development, product design, and manufacturing. The company has a strong reputation for quality and reliability and is well-regarded by investors and customers alike.

SoftBank Energy

SoftBank Energy is a subsidiary of SoftBank Group, a Japanese multinational conglomerate. The company was established in 2020 and is focused on the development, construction, and operation of renewable energy projects around the world.

SoftBank Energy specializes in the development of solar and wind energy projects and has a strong presence in several key markets, including India, the United States, and Europe. The company is committed to reducing the world’s dependence on fossil fuels and promoting the use of clean, renewable energy.

As of 2022, SoftBank Energy had a total installed capacity of several GWs and was playing a significant role in the growth of the global renewable energy sector. The company is dedicated to providing high-quality and reliable clean energy solutions to its customers and is committed to making renewable energy accessible and affordable to people around the world.

In addition to its core business, SoftBank Energy is involved in various other aspects of the renewable energy sector, including research and development, product design, and manufacturing. The company has a strong reputation for quality and innovation and is well-regarded by investors and customers alike.

L&T Infrastructure Development Projects

 

L&T Infrastructure Development Projects Limited (L&T IDPL) is a subsidiary of Larsen & Toubro Limited (L&T), one of India’s largest engineering and construction companies. L&T IDPL was established in 2009 and is focused on the development, construction, and operation of infrastructure projects, including renewable energy projects, in India and around the world.

L&T IDPL specializes in the development of solar and wind energy projects and has a strong presence in several key markets, including India, the Middle East, and Africa. The company is committed to reducing the world’s dependence on fossil fuels and promoting the use of clean, renewable energy.

As of 2022, L&T IDPL had a total installed capacity of over 1 GW and was playing a significant role in the growth of the Indian and global renewable energy sector. The company is dedicated to providing high-quality and reliable clean energy solutions to its customers and is committed to making renewable energy accessible and affordable to people around the world.

In addition to its core business, L&T IDPL is involved in various other aspects of the infrastructure sector, including the development of roads, bridges, ports, and airports. The company has a strong reputation for quality and reliability and is well-regarded by investors and customers alike.

JSW Energy

 

JSW Energy is a subsidiary of JSW Group, one of India’s largest conglomerates. The company was established in 1994 and is focused on the generation and distribution of electricity in India and around the world.

JSW Energy operates thermal and renewable energy projects and has a strong presence in several key markets, including India, the United States, and Europe.

JSW Energy has a significant portfolio of renewable energy assets, including wind and solar energy projects, and is committed to reducing the world’s dependence on fossil fuels and promoting the use of clean, renewable energy.

As of 2022, JSW Energy had a total installed capacity of over 3 GW and was playing a significant role in the growth of the Indian and global energy sectors. The company is dedicated to providing high-quality and reliable energy solutions to its customers and is committed to making energy accessible and affordable to people around the world.

In addition to its core business, JSW Energy is involved in various other aspects of the energy sector, including the development of transmission and distribution networks and the exploration and production of natural resources.

The company has a strong reputation for quality and innovation and is well-regarded by investors and customers alike.

Kolkata-based Sumant Sinha-led ReNew Power

 

ReNew Power is an Indian renewable energy company based in Kolkata and led by CEO Sumant Sinha. The company was established in 2011 and is focused on the development, construction, and operation of renewable energy projects in India and around the world.

ReNew Power specializes in the development of wind and solar energy projects and has a strong presence in several key markets, including India, the United States, and Europe.

As of 2022, ReNew Power had a total installed capacity of over 17 GW and was one of the largest renewable energy companies in India. The company is dedicated to reducing the world’s dependence on fossil fuels and promoting the use of clean, renewable energy.

ReNew Power has received recognition for its innovative approach to renewable energy and has won several awards and accolades, including the “Best Renewable Energy Company” award from the Economic Times in 2021.

The company is committed to providing high-quality and reliable clean energy solutions to its customers and is dedicated to making renewable energy accessible and affordable to people around the world.

In addition to its core business, ReNew Power is involved in various other aspects of the renewable energy sector, including research and development, product design, and manufacturing. The company has a strong reputation for quality and innovation and is well-regarded by investors and customers alike.

BHEL

 

BHEL, or Bharat Heavy Electricals Limited, is an Indian engineering and manufacturing company based in New Delhi. The company was established in 1964 and is one of the largest power equipment manufacturers in India.

BHEL is engaged in the design, engineering, manufacture, construction, testing, commissioning, and servicing of a wide range of products and services for the power generation, transmission, and distribution sectors.

BHEL has a strong presence in several key markets, including India, the Middle East, Africa, and Southeast Asia. The company is dedicated to providing high-quality and reliable energy solutions to its customers and is committed to making energy accessible and affordable to people around the world.

In addition to its core business, BHEL is involved in various other aspects of the energy sector, including the development of renewable energy projects, such as wind and solar power plants, and the exploration and production of natural resources.

The company has a strong reputation for quality and reliability and is well-regarded by investors and customers alike.

As of 2022, BHEL had a total installed capacity of over 35 GW and was playing a significant role in the growth of the Indian and global energy sectors. BHEL is committed to innovation and is constantly developing new products and services to meet the changing needs of its customers and the energy sector as a whole.

Suzlon Energy

 

Suzlon Energy is an Indian renewable energy company based in Pune. The company was established in 1995 and is focused on the development, construction, and operation of wind energy projects in India and around the world.

Suzlon Energy is one of the largest wind turbine manufacturers in India and has a strong presence in several key markets, including India, Europe, the Americas, and Asia.

As of 2022, Suzlon Energy had a total installed capacity of over 5 GW and was playing a significant role in the growth of the Indian and global renewable energy sector. The company is dedicated to reducing the world’s dependence on fossil fuels and promoting the use of clean, renewable energy.

Suzlon Energy is committed to providing high-quality and reliable wind energy solutions to its customers and is dedicated to making renewable energy accessible and affordable to people around the world.

In addition to its core business, Suzlon Energy is involved in various other aspects of the renewable energy sector, including research and development, product design, and manufacturing.

The company has received recognition for its innovative approach to renewable energy and has won several awards and accolades, including the “Best Renewable Energy Company” award from the Economic Times in 2022.

Suzlon Energy has a strong reputation for quality and reliability and is well-regarded by investors and customers alike.

SunEdison

 

SunEdison was a global renewable energy company that was based in the United States. The company was established in 2003 and was focused on the development, construction, and operation of solar and wind energy projects around the world.

At its peak, SunEdison was one of the largest renewable energy companies in the world, with a strong presence in several key markets, including the United States, Europe, and Asia.

Unfortunately, SunEdison filed for bankruptcy in 2016, which resulted in the dissolution of the company. The bankruptcy of SunEdison was due to a combination of factors, including high levels of debt, aggressive expansion, and a significant drop in the price of solar panels.

Despite its bankruptcy, SunEdison had a significant impact on the renewable energy sector and helped to promote the use of clean, renewable energy around the world. The company was known for its innovative approach to renewable energy and was well-regarded by investors and customers alike.

SunEdison’s legacy continues to influence the renewable energy sector, and its achievements serve as a reminder of the potential of clean, renewable energy to transform the world.

Mytrah Energy

 

Mytrah Energy is an Indian renewable energy company that was established in 2007. The company is focused on the development, construction, and operation of wind and solar energy projects in India and around the world.

Mytrah Energy has a strong presence in several key markets, including India, Africa, and the Middle East.

As of 2022, Mytrah Energy had a total installed capacity of over 2 GW and was playing a significant role in the growth of the Indian and global renewable energy sector. The company is dedicated to reducing the world’s dependence on fossil fuels and promoting the use of clean, renewable energy.

Mytrah Energy is committed to providing high-quality and reliable renewable energy solutions to its customers and is dedicated to making renewable energy accessible and affordable to people around the world.

In addition to its core business, Mytrah Energy is involved in various other aspects of the renewable energy sector, including research and development, product design, and manufacturing.

The company has received recognition for its innovative approach to renewable energy and has won several awards and accolades, including the “Best Renewable Energy Company” award from the Economic Times in 2022.

Mytrah Energy has a strong reputation for quality and reliability and is well-regarded by investors and customers alike.

Reliance Power

 

Reliance Power is an Indian energy company that was established in 2007. The company is part of the Reliance Group, one of India’s largest business conglomerates. Reliance Power is focused on the development, construction, and operation of power projects in India and around the world, including both conventional and renewable energy projects.

As of 2022, Reliance Power had a total installed capacity of over 11 GW and was playing a significant role in the growth of the Indian power sector. The company has a strong presence in several key markets, including India, the Middle East, and South Asia.

In addition to its core business, Reliance Power is involved in various other aspects of the energy sector, including research and development, product design, and manufacturing.

Reliance Power has a strong reputation for quality and reliability and is well-regarded by investors and customers alike. The company has received recognition for its innovative approach to power generation and has won several awards and accolades, including the “Best Power Company” award from the Economic Times in 2022.

In addition to its business activities, Reliance Power is committed to social and environmental responsibility and is dedicated to reducing its impact on the environment. The company is actively involved in various initiatives to promote sustainability and has received recognition for its efforts in this area.