The Indian solar power industry is witnessing a shift in the rankings of its top developers, with new players emerging at the forefront of the renewable energy revolution. Based on installed capacity, these companies have become the leading players in the rapidly growing solar power sector in India.
According to industry experts, the top three solar power developers in India, based on installed capacity, are Adani Green Energy Limited, Tata Power Renewable Energy Limited, and ReNew Power Limited.
Adani Green Energy Limited has been making rapid strides in the renewable energy sector and has installed capacity of over 7 GW, making it the largest solar power developer in the country. Tata Power Renewable Energy Limited and ReNew Power Limited follow closely, with installed capacities of over 4 GW and 3 GW respectively.
These companies have been driving the growth of the solar power sector in India by setting up large-scale solar power projects and investing in new technologies. The government’s focus on promoting renewable energy has provided a major boost to the sector, and these companies have been quick to seize the opportunities presented by this growth.
The rise of these new leaders in the solar power sector is a reflection of the rapidly growing demand for renewable energy in India. The government’s commitment to achieving its renewable energy targets and the private sector’s investment in the sector are expected to drive further growth in the coming years.
With these new players at the forefront of the renewable energy revolution, the Indian solar power industry is set for a bright future, and these companies are poised to play a major role in meeting the country’s energy needs sustainably.