As per Reports, the prices of Solar Modules and Cells are likely to rise following China’s decision to reduce tax rebates on the export of its solar modules and cells kicking in on Dec. 1, from 13 percent to 9 percent resulting in a 4 percent increase in input costs for solar panel manufacturers,
With Chinese products becoming less competitive due to the reduced rebate, Indian manufacturers will in turn benefit by potentially offering their products at more competitive prices in the domestic as well as global markets, leading to growth in revenue and margins.
Listed below are some of the Indian Companies with an Integrated Ecosystem of Products and Services used for renewable solar projects, check it out.
Waaree Energies
Waaree Energies Limited is the largest solar PV modules manufacturer in India. It has a wide product portfolio of solar energy products that consists of Multicrystalline modules Monocrystalline modules and TopCon modules include flexible bifacial modules as well as building-integrated photovoltaic (BIPV) modules.
It is also the largest Indian exporter of solar modules with 10+GW of solar modules supplied to more than 20 countries. It has a strong order book of ~20GW
With a market capitalization of Rs. 77,279 Crores, the shares of Waaree Energies Limited closed at Rs. 2,690 per equity share, up 2 percent from its previous day’s close price of Rs. 2,634.65.
As of Q2FY24, Waaree Energies Limited is the largest manufacturer of solar PV modules with the largest aggregate installed capacity of 13.3 GW and a market share of 17 percent share in India in terms of annual installed capacity. It has four solar module manufacturing facilities in India, with an international presence.
Premier Energies
Premier Energies Limited is an integrated player in the solar ecosystem that manufactures and supplies integrated solar cells and solar panels. Its product portfolio includes Cell, Solar Module, Monofacial and Bifacial, modules, EPC Solutions, and O&M Solutions.
With a market capitalization of Rs. 55,896 Crores, the shares of Premier Energies Limited closed at Rs. 1,240 per equity share, up 9 percent from its previous day’s close price of Rs. 1,136.15.
Premier Energies Limited is India’s 2nd largest Solar Cell Manufacturer with a market share of 25 percent and an Installed capacity of 2GW. It is also India’s 4th largest Solar Module manufacturer with a market share of 6 percent and an annual installed capacity of 4.13 GW
Premier Energies Limited has set capex plans of expanding the Solar Module Manufacturing capacity to 8GW and Solar Cell manufacturing capacity to 7 GW by FY26.
Tata Power Company
Tata Power Company Limited is India’s largest vertically integrated power company, primarily involved in the business of generation, transmission, and distribution of electricity, manufacturing solar roofs, developing EV charging stations, and many more.
With a market capitalization of Rs. 1,32,255 Crores, the shares of Tata Power Company Limited closed at Rs. 413.90 per equity share, down 0.10 percent from its previous day’s close price of Rs. 414.30.
As of FY24 Tata Power Solar is India’s 3rd largest Solar Module manufacturer, with a market share of 7 percent and an annual installed capacity of 4.97 GW. It is also India’s 5th largest solar cell manufacturer with a 6 percent market share and an installed capacity of 0.53 GW.
Recently Tata Power commenced production of Solar Cell at India’s largest Single-Location 4.3 GW Solar Cell and Module Manufacturing Plant in Tirunelveli, Tamil Nadu, with production currently at 2GW capacity and peak production of 4GW to be achieved within the next few months.
Adani Enterprises
Adani Enterprises Limited is a holding company operating across various businesses like
resource management, FMCG, Power, airports, data centers, and many more through its Joint Ventures/subsidiaries/associates.
With a market capitalization of Rs. 2,83,697 Crores, the shares of Adani Enterprises Limited closed at Rs. 2,458 per equity share, up 0.84 percent from its previous day’s close price of Rs. 2.437.45.
Mundra Solar PV Limited is a subsidiary of Adani Enterprises Limited, it is involved in the manufacturing of solar photovoltaic (PV) cells and modules, providing solar project solutions, Renewable Energy Projects, and many more.
Mundra Solar PV Limited is India’s largest solar cell manufacturer with a market share of 50 percent and an annual installed capacity of 4 GW. It is also India’s 5th largest Solar Module manufacturer with a market share of 5 percent and an annual installed capacity of 4 GW.
Written by: Bharath K.S
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