Top 10 Leading Renewable Energy Companies in India
Renewable Energy Companies in India
Leading Renewable Energy Companies: As the world grapples with the challenges of climate change and the need to reduce reliance on fossil fuels, renewable energy has become more crucial than ever. India is playing a significant role in this global transition by focusing on clean energy solutions. According to Statista, the electricity generated from renewable sources in India is projected to reach an impressive 7,295 billion kilowatt-hours by 2024, and it’s expected to grow steadily by 3.88% annually until 2028.
In this article, we will take a look at the top renewable energy companies in India that are leading the way in the green revolution, contributing to a sustainable future for the country and the world.
1. Adani Green Energy Limited (AGEL)
Adani Green Energy Limited (AGEL) is one of India’s largest renewable energy companies, boasting a massive project portfolio of 20,434 MW. Since its inception in 2016, AGEL has become a key player in solar and wind energy projects across India, contributing significantly to the nation’s clean energy initiatives. The company’s mission aligns with the Adani Group’s ethos of “Growth with Goodness,” and it supplies electricity to government entities at both central and state levels. Leading Renewable Energy Companies
2. Tata Power Solar Systems
Tata Power Solar Systems, originally known as Tata BP Solar, has been a major force in India’s renewable energy industry. The company manufactures solar panels, cells, and offers services for large-scale solar projects. In 2017, Tata Power Solar became the first Indian company to ship over 1 GW of solar panels globally. It is also a leading player in rooftop solar panel installations, holding a significant market share in India. Notably, Tata Power Solar completed a remarkable solar panel project on a cricket stadium in Mumbai, reducing its energy consumption by 25%.
3. JSW Energy
JSW Energy is a top renewable energy producer in India, known for its diversified energy portfolio, including thermal, hydro, wind, and solar power. With a generation capacity of 6,677 MW, JSW operates in multiple states across India and has also invested in natural resources in South Africa. The company is recognized for its effective planning and commitment to sustainable energy, receiving numerous awards for its achievements. Leading Renewable Energy Companies
4. Suzlon Energy
Suzlon Energy is one of the world’s leading renewable energy companies, with a presence in 17 countries across Asia, Europe, Africa, and the Americas. Suzlon specializes in wind energy solutions and is dedicated to promoting sustainable development globally. The company’s headquarters, located in Pune, India, is one of the greenest corporate campuses in the world, reflecting its commitment to environmental conservation and social responsibility. Leading Renewable Energy Companies
5. ReNew Energy
ReNew Energy is a key player in the global renewable energy market, listed on Nasdaq and boasting a clean energy portfolio of 13.7 GW as of June 2023. ReNew is not only a major independent power producer in India but also provides solutions in green hydrogen, energy storage, and carbon markets. The company’s mission is to create a future free from fossil fuels, making significant strides in the fight against climate change.
6. Inox Wind
Inox Wind is a leading provider of wind energy solutions in India, serving independent power producers, utilities, and corporations. The company operates advanced manufacturing plants in Gujarat, Himachal Pradesh, and Madhya Pradesh, with a combined capacity of 1,600 MW. Inox Wind is renowned for its state-of-the-art turbines, certified by international standards, and plays a critical role in India’s renewable energy expansion. Leading Renewable Energy Companies
7. Sterling and Wilson Renewable Energy
Sterling and Wilson Renewable Energy began as a solar energy venture in 2011 and quickly rose to become a global leader in providing solar energy solutions. Today, the company has expanded into hybrid energy and energy storage solutions, catering to the growing demand for renewable energy. Sterling and Wilson’s success stems from its ability to adapt to the evolving renewable energy market and deliver innovative solutions worldwide.
8. Borosil Renewables
Borosil Renewables holds the distinction of being India’s only solar glass manufacturer. Part of the Borosil Group, known for its scientific and consumer products, the company has made significant strides in the renewable energy industry. Borosil Renewables is recognized for its innovations, including the world’s first fully tempered 2 mm thick solar glass and an Antimony-free solar glass. These innovations have earned the company several national and international accolades. Leading Renewable Energy Companies
9. KP Energy
KP Energy is a major player in India’s wind energy sector, with a strong presence in Gujarat, where it has completed several wind energy projects. The company is known for its expertise in wind engineering and has received awards for its contributions to the renewable energy industry. KP Energy’s commitment to sustainability is reflected in its future projects, including a 200 MW hybrid project in Gujarat.
10. Websol Systems
Websol Systems is a publicly traded company on the NSE and a leading manufacturer of monocrystalline solar cells and modules. The company exports its products to Europe and North Africa, making it a key player in the global renewable energy market. Websol Systems has a state-of-the-art manufacturing facility in West Bengal and has received international certifications for its excellence in the solar energy industry.
Conclusion
India is rapidly emerging as a global leader in renewable energy, with major companies investing heavily in sustainable power solutions. The “top 10 leading renewable energy companies in India” discussed in this article showcase the country’s commitment to clean energy and its potential for future growth. As the world moves towards reducing carbon emissions, these companies are not only transforming India’s energy landscape but also contributing to the global push for a greener, more sustainable future. Leading Renewable Energy Companies
FAQs Leading Renewable Energy Companies
What is the role of Adani Green Energy Limited in India’s renewable energy sector?
Adani Green Energy Limited (AGEL) is one of India’s largest renewable energy companies, with a project portfolio of 20,434 MW. It focuses on solar and wind energy projects and supplies electricity to government entities at both central and state levels.
How has Tata Power Solar contributed to the solar energy industry?
Tata Power Solar is a major player in manufacturing solar panels and cells. The company has completed over 1 GW of global solar panel shipments and holds a leading position in rooftop solar installations in India.
What makes Suzlon Energy a global leader in renewable energy?
Suzlon Energy operates in 17 countries and specializes in wind energy solutions. The company is known for its sustainable practices and global reach, contributing to renewable energy adoption worldwide.
How is ReNew Energy helping combat climate change?
ReNew Energy has a clean energy portfolio of 13.7 GW and provides solutions in green hydrogen, energy storage, and carbon markets. The company is committed to creating a fossil-free future by offering innovative clean energy solutions.
Why is Borosil Renewables significant in the solar energy sector?
Borosil Renewables is India’s only solar glass manufacturer and has introduced groundbreaking innovations like fully tempered 2 mm thick solar glass. The company’s products are essential in improving the efficiency of solar panels globally.
