Renewable energy is becoming a vital part of the global effort to combat climate change and reduce dependency on fossil fuels. The world is increasingly shifting towards cleaner, more sustainable power sources. This trend is particularly evident in India, where many companies are emerging as pioneers in the renewable energy sector. As a result, India has positioned itself as a major player in the green energy revolution. According to Statista, electricity generation from renewable sources is expected to reach 7,295.00 billion kilowatt-hours by 2024 and continue to grow at a rate of 3.88% annually through 2028.

In this article, we’ll dive into the “Leading Renewable Energy Companies in India” and explore their contributions to shaping the country’s sustainable energy future.

Top 10 Leading Renewable Energy Companies in India

1. Adani Green Energy Limited (AGEL)

Adani Green Energy Limited (AGEL) stands as one of the biggest names in India’s renewable energy sector. Established on January 23, 2016, AGEL is part of the Adani Group and has a massive project portfolio of 20,434 MW. The company operates with a clear commitment to a cleaner and greener India, contributing significantly to reducing the nation’s carbon footprint.

AGEL develops, constructs, and manages large-scale solar and wind projects. These are connected to the power grid, with electricity supplied to both central and state government entities. AGEL’s focus on sustainable energy production aligns with the Adani Group’s vision of “Growth with Goodness,” aiming to fuel India’s energy demands while minimizing environmental impacts.

2. TATA Power Solar Systems

TATA Power Solar Systems, originally known as Tata BP Solar, is a leading player in India’s solar energy space. The company produces solar panels, cells, and related products while offering a range of services for solar power projects. In February 2017, Tata Power Solar became the first Indian company to export more than 1 GW of solar panels globally, a significant milestone in the renewable energy industry.

The company has established itself as a leader in rooftop solar installations, holding about 5.6% of the market. One of its most notable achievements is the installation of the world’s largest solar panel project at Mumbai’s iconic cricket stadium. This project is expected to generate over 1 million units of electricity annually, reducing the stadium’s power consumption by 25%.

3. JSW Energy

JSW Energy is another top contender in India’s renewable energy sector. It generates 6,677 MW of power, comprising 3,158 MW from thermal energy, 1,391 MW from hydro, 1,461 MW from wind, and 667 MW from solar energy. The company has diversified its operations across various states in India and has made significant investments in South Africa’s natural resources.

JSW Energy’s focus on innovation, operational efficiency, and environmental sustainability has earned it numerous prestigious awards. As the company continues to expand its renewable energy portfolio, it is poised to play an even more prominent role in India’s transition to clean energy.

4. Suzlon Energy

Suzlon Energy is one of the world’s top renewable energy companies, known for its pioneering work in wind energy. The company operates in 17 countries, spanning Asia, Australia, Europe, Africa, and the Americas, and is committed to creating a greener future through innovative renewable energy solutions.

Suzlon places a strong emphasis on sustainable development. The company’s headquarters, One Earth in Pune, is recognized as one of the greenest corporate campuses globally, holding a Platinum LEED and GRIHA 5-star rating. Suzlon’s dedication to environmental responsibility extends to community development initiatives, making it a key player in the global shift toward renewable energy.

5. ReNew Energy

ReNew Energy, a leader in the renewable energy space, is not only a significant player in India but also the first Indian renewable energy company to be listed on Nasdaq. As of June 2023, ReNew had a clean energy portfolio of approximately 13.7 GW, making it one of the largest renewable energy companies globally.

ReNew Energy offers comprehensive solutions across various clean energy segments, including green hydrogen and digitalized energy services. By focusing on storage solutions and carbon markets, the company aims to reduce global reliance on fossil fuels and contribute to the fight against climate change.

6. Inox Wind

Inox Wind is a leading renewable energy solutions provider in India, serving independent power producers (IPPs), utilities, public sector units (PSUs), corporates, and retail investors. The company operates advanced manufacturing facilities across Gujarat, Himachal Pradesh, and Madhya Pradesh, with a combined capacity of 1,600 MW.

Inox Wind’s turbines are certified by TUV SUD according to international standards and are listed in the RLMM by C-WET. The company’s strong presence in the wind energy market makes it a key player in India’s renewable energy landscape.

7. Sterling and Wilson Renewable Energy

Sterling and Wilson began as a partnership between Shapoorji Pallonji and Mehervan Daruvala, evolving into a leading renewable energy company. Sterling and Wilson Renewable Energy Limited started focusing on solar energy projects in 2011 and has since expanded its services to include hybrid energy and energy storage solutions.

Now recognized as one of the top solar energy solution providers globally, Sterling and Wilson Renewable Energy continues to capitalize on the growing demand for clean and sustainable energy.

8. Borosil Renewables

Borosil Renewables is the only solar glass manufacturer in India and is part of the Borosil Group, known for its high-quality products. The company has earned a reputation as one of the largest solar glass manufacturers globally, excluding Chinese competitors.

Borosil Renewables has received several accolades for its innovations, including the 2021 National Award for Indigenous Technology Commercialisation. It is known for developing the world’s first fully tempered 2 mm thick solar glass and Antimony-free solar glass, both of which significantly enhance the efficiency of solar panels.

9. KP Energy

KP Energy is a leading player in India’s wind energy sector. The company recently launched a 29.4 MW wind project in Gujarat and has received several industry awards, including the Business Excellence Award in 2021. With more ambitious projects in the pipeline, such as a 200 MW hybrid project, KP Energy is well-positioned to further expand its footprint in the renewable energy sector.

10. Websol Systems

Websol Systems, a publicly traded company on the NSE, specializes in the production of monocrystalline solar cells and modules. The company has a modern manufacturing facility in West Bengal and exports its products to Europe and North Africa.

Established in 1990, Websol Systems has earned several international certifications for its excellence in the solar energy sector, making it a key player in India’s renewable energy market.

Conclusion

The rise of renewable energy in India highlights the country’s commitment to reducing its carbon footprint and becoming a global leader in sustainable energy. This article has explored the “Leading Renewable Energy Companies in India,” showcasing the diverse and dynamic landscape of the sector. These companies are driving the growth of India’s renewable energy market through innovative projects, large-scale investments, and a shared vision of energy independence. As the world grapples with climate change, these leading players are not only transforming India’s energy landscape but are also contributing to a cleaner, greener global future.