Who is the largest solar cell manufacturer in India | Future Insight 2025

Who is the largest solar cell manufacturer in India?

Driven by the nation’s aggressive push toward renewable energy independence. The government’s target of 500GW of non-fossil fuel capacity by 2030, supportive policies such as the PLI (Production Linked Incentive) schemes, and growing investments towards manufacturing solar modules and cells in India are stimulating market growth.

Additionally, increasing electricity demand in rural and semi-urban areas, the declining price of PV technology, and land availability in sunny areas may now support electricity access. Increasing usage of bifacial solar cells, thin-film technology, and grid-tied rooftop solar systems will likely grow in popularity throughout the forecast period.

List of the solar cell manufacturer in India

1. Adani Solar

A wholly-owned subsidiary of Adani Enterprises, Adani Solar is India’s largest integrated cell and module manufacturer, with around 4 GW cell capacity and ambitious plans to reach 10 GW PV manufacturing.

2. Vikram Solar

With a 3.5 GW module capacity and significant cell production, Vikram Solar serves both utility and rooftop sectors in India and abroad.

3. RenewSys India

A vertically integrated player with 1 GW cell and 2 GW module capacity, RenewSys also produces encapsulants and backsheets, supplying over 40 countries.

4. Navitas Green Solutions

Navitas Green (Solex Energy) produces high-efficiency mono-PERC and TOPCon modules with around 2 GW cell capacity and has a rising presence in the Indian market.

5. Saatvik Green Energy

Saatvik has a 3.8 GW module capacity and produces cells and bifacial panels, targeting rapid growth through new facilities in Odisha and Gujarat.

6. Premier Energies

Premier Energies manufactures 2 GW of solar cells and 3.36 GW modules annually. It’s also expanding internationally, including a US plant in Minnesota.

7. Goldi Solar

Goldi Solar operates a 2.5 GW module plant, expanding to 6 GW and next targeting 4 GW cell production. It exports to 20+ countries.

8. Waaree Energies Ltd

With over 12 GW module-making capacity and integrated cell production, Waaree is one of the largest solar manufacturers. It also holds a vast dealer network and global presence.

9. Jakson Group (Jakson Solar)

Jakson makes 0.6 GW of modules and solar cells, while also delivering solar EPC, gensets, and electrolyzer solutions.

10. Emmvee Group

Emmvee operates multiple plants in Karnataka, with a solar module capacity of around 6.6 GW and solar cell capacity of 2.5 GW. It uses advanced TOPCon technology and recently became one of only four global firms to pass the Kiwa PVEL reliability tests.

Frequently Asked Questions About the Market Study (FAQs):