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Top 10 Leading Renewable Energy Companies in India

Renewable energy is becoming more important because people worldwide are trying to fight climate change and use less fossil fuels. Many big companies are leading the way in using renewable energy, which is better for the environment. According to Statista, the amount of electricity made from renewable sources is expected to reach 7,295.00 billion kilowatt-hours in 2024. It’s predicted to keep growing at about 3.88% each year until 2028.

In this blog, we’ll explore the top leading renewable energy companies in India and their significant contributions to the industry.

What are the top 10 leading renewable energy companies in India?

1.  Adani Green Energy Limited

Adani

Adani Green Energy Limited (AGEL) stands as one of India’s largest renewable companies, boasting a project portfolio of 20,434 MW. It was established on January 23, 2016, under the Companies Act 2013. AGEL contributes to the Adani Group’s commitment to a cleaner, greener future for India.

Guided by the group’s ethos of ‘Growth with Goodness’, AGEL develops, constructs, owns, operates, and maintains large-scale solar and wind farm projects connected to the grid. The electricity produced is supplied to government entities at both central and state levels, as well as government-backed corporations.

2.  TATA Power Solar Systems

Tata Power Solar Systems Limited, once known as Tata BP Solar, is an Indian company that focuses on renewable energy. It makes solar panels, cells, and related items, and offers services for solar power projects. In February 2017, Tata Power Solar became the first Indian company to send out over 1 GW of solar panels worldwide. Its factory in Bangalore can make 400 MW of panels and 300 MW of cells.

In India, Tata Power Solar is one of the biggest players in setting up solar panels on rooftops, holding 5.6% of the market. In August 2017, it finished the world’s largest solar panel project on a cricket stadium in Mumbai, expected to generate over 1 million units and cut power use by around 25%.

3.  JSW Energy

JSW, a top renewable energy firm in India, practices effective planning, modern operations, and brings social, economic, and environmental benefits. They produce 6,677 MW of power: 3,158 MW thermal, 1,391 MW hydro, 1,461 MW wind, and 667 MW solar. Operating in various Indian states, they also invest in South African natural resources.

This diversity in location, energy sources, and contracts reduces business risks. JSW’s dedication has earned prestigious awards, with anticipation for more achievements in the future.

4.  Suzlon Energy

Suzlon Group is one of the world’s top companies in renewable energy. They’re changing how we use sustainable energy worldwide. Suzlon operates in 17 countries across Asia, Australia, Europe, Africa, and the Americas. They’re making the future greener with their strong skills in renewable energy systems.

Suzlon cares about sustainable development. They work to protect the environment, help communities, and promote responsible growth. Suzlon’s headquarters is at One Earth in Pune, a Platinum LEED and GRIHA 5-star rated campus, one of the greenest corporate campuses globally.

5.  ReNew Energy

ReNew stands as the top renewable energy firm on Nasdaq. By June 30, 2023, ReNew possesses a clean energy collection of around 13.7GW, among the largest worldwide. Not just a significant independent power producer in India, we also offer comprehensive solutions in clean energy, green hydrogen, and digitalized energy services.

These services, along with storage and carbon markets, play a vital role in fighting climate change. Our goal is to create a future free from fossil fuels by introducing innovative and sustainable solutions.

6.  Inox Wind

Inox Wind is India’s top provider of renewable energy solutions. It serves IPPs, Utilities, PSUs, Corporates, and Retail Investors. Inox Wind is fully involved in the wind energy market, with advanced manufacturing plants in Gujarat, Himachal Pradesh, and Madhya Pradesh. These plants have a total capacity of 1,600 MW.

The company has a strong, skilled team covering all necessary areas, making it a dynamic and active corporate entity. Inox Wind turbines are certified by TUV SUD according to “The Guidelines for the Certification of Wind Turbines issued by Germanischer Lloyd” and are listed in RLMM by C-WET.

7.  Sterling and Wilson Renewable Energy

Sterling and Wilson started with a strong friendship between Shapoorji Mistry Sr. and Mehervan Daruvala, turning into a successful business team. In 2011, Sterling and Wilson Solar Limited began its work, focusing on solar energy projects. Later, in 2017, it became its own company. This move aimed to take advantage of the growing renewable energy market.

The company quickly became a top provider of solar energy solutions worldwide. Now known as Sterling and Wilson Renewable Energy Limited, it has expanded its services to include Hybrid Energy and Energy Storage solutions, catering to the increasing demand for renewable energy sources.

8.  Borosil Renewables

Borosil Renewables definitely deserves a spot on this list. It is India’s sole solar glass maker, a part of Borosil Group famous for “BOROSIL®” brand, crafting lab ware, scientific, and consumer products. Many sources say it’s the world’s biggest maker of solar glass, except for Chinese companies.

The company won a 2021 National Award from India’s Department of Science and Technology for Indigenous Technology Commercialisation. Notable for innovations like “World’s First” fully tempered 2 mm thick solar glass and Antimony-free solar glass with the lowest iron content, ensuring high efficiency.

9.  KP Energy

KP Energy, a big player in wind energy, is a top renewable energy provider in India. They’ve started a new wind energy project in Gujarat, generating 29.4 MW. The company won awards, like the Business Excellence Award in 2021. They plan more projects, like a 200 MW hybrid one in Gujarat. KP Energy is known for its great work in wind engineering.

10. Websol Systems

Websol Systems is a company traded on the NSE. It makes monocrystalline solar cells and modules. It also exports these to Europe and North Africa. Websol Systems started in 1990. It has a modern factory in West Bengal. The company is famous for its work. It has got international certificates for its success.

Conclusion

India is seeing a big rise in renewable energy, making it a strong leader in sustainable power worldwide. This article talks about the “top 10 leading renewable energy companies in India,” showing how the country is committed to a greener future. These companies show how India’s renewable energy sector can grow through big investments, new projects, and a shared goal of being energy independent. While the world deals with climate worries, these leaders are changing India’s energy sector and helping the global push for a better future.

Sumit Kumar Yadav has experience analyzing business and finance of big to small companies. Loan, Insurance, Investment data analysis are his key areas.