India’s renewable energy market has witnessed rapid growth. It is presently valued at over USD 21 Billion and growing at a CAGR of 8.77%. The country’s renewable energy capacity stands at 201.45 Gigawatts (GW) with a portfolio of 47.71 GW of Wind power, 92.12 GW of Solar power, and 56.96 GW of Hydropower. India’s ambitious target of 500 GW of renewable energy offers substantial market opportunities in clean energy.

1. Adani Green Energy Limited

Adani Green Energy Ltd (AGEL) is India’s largest renewable energy company with a portfolio of 20,434 MW. The company operates in solar power, wind power, hybrid renewable energy, and energy storage solutions, with a presence in 7 Indian states. AGEL aims to reach a 50 GW renewable energy portfolio, supported by a long-term power purchase agreement with the government for 25 years. The company is also committed to sustainable growth, with water-positive plants having a capacity of 200 MW. AGEL is credited with commissioning the world’s largest Wind Solar Hybrid Power Cluster in Jaisalmer, Rajasthan, with a capacity of 2140 MW.

2. Sterling & Wilson

Sterling & Wilson is a global leader in renewable energy solutions, with a presence in 28 countries, including India, the United States, Africa, and Latin America. The company has successfully executed 268 projects worldwide, ranging from 1 MWp to 1177 MWp. A notable project is the 1000 MWhH standalone BESS project in Rajasthan, which is scheduled for completion by 2025.

3. ReNew Power

ReNew Power is India’s leading decarbonization company with a portfolio of 15.6 GW of renewable energy, including 4.7 GW of wind energy (10% of India’s total wind capacity). The company has mitigated 16 million tons of carbon emissions in the last two years and has a presence in 9 Indian states. ReNew’s commissioned capacity stands at approximately 10.1 GW, lighting up 14 million homes and comprising 1% of India’s electricity demand. ReNew is also spearheading a Round-the-Clock (RTC) renewable energy project in Rajasthan, Karnataka, and Maharashtra.

4. JSW Energy

JSW Energy has a generation portfolio of 10 GW, with 61% of its capacity coming from renewable sources. The company aims to grow to 20 GW by 2030, with operations in several states, including Andhra Pradesh, Maharashtra, and Karnataka. JSW’s portfolio includes 675 MW of solar power, 675 MW of wind energy, and 1391 MW of hydropower. The company has already commissioned India’s largest standalone wind project with a capacity of 810 MW and has adopted green technologies at its Vijaynagar plant, including a reed bed-based sewage treatment system.

5. Greenko Group

Founded in 2006, Greenko operates with a mission to digitize, decarbonize, and decentralize India’s energy sector. With a renewable energy portfolio of 7.5 GW across solar, wind, and hydropower, Greenko is present in 15 Indian states. The company has commissioned two integrated renewable energy storage projects, including the Saundatti Integrated Renewable Energy Storage Project, a 2.66 GW project with 1.26 GW of pumped storage, 1.0 GW of solar, and 0.4 GW of wind energy.

6 Tata Power Renewable Energy Limited

Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power, was established in 2007. The company has a portfolio of over 12.8 GW of renewable energy, including 2 GW of rooftop solar systems and more than 100,000 solar water pumps. TPREL’s wind energy portfolio stands at 1,030 MW, and it operates in several Indian states, including Maharashtra, Gujarat, and Tamil Nadu. The company’s Dholera solar facility in Gujarat is India’s largest solar tracker system, with a capacity of 300 MW, and the Kayamkulam floating solar project in Kerala is India’s largest with a capacity of 101.6 MWp.

7. NTPC Renewable Energy Limited

NTPC Renewable Energy Ltd (NTPCREL), established in 2020, has a portfolio of 4048 MW in solar, wind, and hybrid projects. The company aims to achieve a total installed capacity of 60 GW by 2032. NTPCREL has a presence in several states, including Rajasthan, Gujarat, Tamil Nadu, and Uttar Pradesh, and is implementing projects under the Indian government’s Ultra Mega Renewable Energy Power Park scheme.

8. SJVN Green Energy

SJVN Green Energy, a subsidiary of Satluj Jal Vidyut Nigam Ltd. (SJVN), has a total capacity of 2,466.50 MW, including 1,972 MW of hydropower, 97.6 MW of wind, and 156.9 MW of solar. The company’s largest project is the 90 MW Omkareshwar Floating Solar Project in Madhya Pradesh, which is North and Central India’s largest solar floating project.

9. Hero Future Energy

Hero Future Energies (HFE), established in 2012, has a global portfolio of 6 GW of renewable energy assets across India, the UK, Bangladesh, Ukraine, and Vietnam. The company operates in 7 Indian states, including Rajasthan, Maharashtra, and Tamil Nadu. HFE commissioned India’s first Wind Solar hybrid project (87 MW) at Manvi, Karnataka.

10. KPI Green Energy

KPI Green Energy, established in 2008, has a presence in Gujarat, Uttarakhand, and Maharashtra. The company offers commercial solutions as a Captive Power Producer (CPP) and Independent Power Producer (IPP) under its ‘Solarism’ brand. The company operates solar plants in Gujarat with a total capacity of 66 KV and 11 KV transmission lines.

11. Orient Green Power

Orient Green Power, established in 2006 and headquartered in Chennai, operates a wind power portfolio of 402.3 MW, with plans to expand to 1000 MW. The company is present in Gujarat, Tamil Nadu, Andhra Pradesh, and Karnataka.

12. Borosil Renewables

Borosil Renewables, established in 1962 and headquartered in Mumbai, is a global leader in solar glass manufacturing. The company’s state-of-the-art facility in Gujarat has a production capacity of 1000 tons per day, translating to 6.5 GW annually. Notable products include Selene (anti-glare solar glass) and Shakti (high-efficiency solar glass).

13. Waaree Energies

Founded in 1990, Waaree Energies is headquartered in Mumbai and has an installed capacity of 12 GW. The company operates at 388 locations across India, with manufacturing facilities in Gujarat, Uttar Pradesh, and Noida. It also has the country’s largest PV Module manufacturing capacity and offers a range of solar products designed for durability and performance.

14. Hindustan Power Projects

Founded in 2008, Hindustan Powerprojects has a portfolio of 4 GW in thermal and solar energy. The company has commissioned a 50 MW solar capacity in Punjab and a 30 MW solar farm in the state. Additionally, it operates the Anuppur Thermal Power Plant, with a total capacity of 2,520 MW.

15. Websol Energy Systems

Websol Energy Systems, established in 1994 and headquartered in Kolkata, specializes in manufacturing Mono PERC solar cells and modules. With an annual production capacity of 600 MW for solar cells and 550 MW for modules, Websol’s products are designed to maximize energy output and efficiency.

Conclusion

India’s renewable energy market is rapidly growing, with key players like Adani Green Energy, ReNew Power, and JSW Energy at the forefront. We at Headsup B2B can help streamline your renewable energy sourcing and procurement. Contact us today to know more.