Top Renewable Energy Companies in India 2022 (New List)

There are many significant renewable energy companies active in India today since work on renewable energy is ongoing and in full swing.

You’ve come to the right place if you’re also curious about the Top 10 Renewable Energy Companies in India 2022.

Today, more than 80% of India gets its energy from coal, oil, and solid biomass. According to a Nature Communications analysis, wind and solar energy may be able to supply 80% of India’s anticipated electricity consumption in 2040.

Let’s first discuss what renewable energy is before learning about the top renewable energy companies in India.

What is renewable energy?

Renewable energy is the term used to describe the energy that is produced using natural resources, including geothermal, hydroelectric, solar, wind, and bioenergy. The environment is not endangered by this in any way.

Top Renewable Energy Companies in India 2022

Below you can see the list of the best renewable energy companies in India.

Sr No.Renewable Energy CompanyWebsite Link
1Suzlonhttps://www.suzlon.com/
2Tata Power Solar Systems Ltd.https://www.tatapowersolar.com/
3ReNew Power Ventureshttps://renewpower.in/
4Amplus Solarhttps://amplussolar.com/
5Indian Biogas Associationhttps://biogas-india.com/
6Shellhttps://www.shell.com/
7Adani Renewableshttps://www.adanigreenenergy.com/
8Hindustan Powerhttp://www.hindustanpowerprojects.com/
9Urja Globalhttps://www.urjaglobal.in/
10Waa Solar Ltd.http://www.waasolar.org/

1. Suzlon

Suzlon - Best Renewable Energy Companies in India.

Suzlon is one of the largest multinational renewable energy companies in India. It was founded in the year 1995 by Tulsi Tanti.

CEOAshwani Kumar (Oct 2020–)
FounderTulsi Tanti
HeadquartersPune, India
Revenue41.87 billion INR (US$520 million, 2021)
Founded1995
Total assets66.01 billion INR (US$830 million, 2021)
SubsidiariesSuzlon Gujarat Wind Park Ltd., SEFORGE Limited, MORE

17 nations in Asia, Australia, Europe, Africa, and the Americas are served by Suzlon. It currently has more than 12,382 wind turbine generators installed and has more than 1900 customers worldwide.

Suzlon has now put in more than 19,441 MW worth of wind turbines, enough to power 12.64 million homes.

2. Tata Power Solar Systems Ltd.

Tata Power Solar Systems Ltd.

Tata Power Solar Systems Ltd. is a renewable energy service provider company based in India that manufactures many products such as solar modules, solar cells, and other solar products.

HeadquartersMumbai, India
Founded1989
CEOAjay Goel
Revenue$5.53 billion
Parent organizationsTata Power, Tata Group
FoundersTata Power, BP Solar

This company mainly works in the wind and solar sectors. It started in the year 1989.

3. ReNew Power Ventures

ReNew Power Ventures

ReNew Power Ventures is one of the largest renewable energy companies in India. It has a capacity of 10 GW and, of this, 5 GW is operational.

HeadquartersGurugram, India
Revenue912 million USD (2022)
Number of employees1,382 (January 2022)
FounderSumant Sinha
FoundedJanuary 2011
OwnersGoldman Sachs, CPP Investments, ADIA, JERA, Others
SubsidiariesReNew Power Private Limited, MORE

As the first Indian company to raise roughly $1 billion through a SPAC IPO, ReNew Power made its Nasdaq debut.

ReNew became the first renewable energy company in the world to be added to the World Economic Forum’s Global Lighthouse Network.

4. Amplus Solar

Amplus Solar

Amplus Solar is India’s Leading Distributed Energy Provider Company, which provides low carbon energy solutions to Industrial and Commercial Customers.

HeadquartersGurugram, Haryana, India
Revenue$55.6M
Number of employees428
FounderSanjeev Aggarwal
CEOSanjeev Aggarwal
Founded2013

Amplus Solar has more than 400 projects in 24 states of India and has 250+ clients across the globe.

5. Indian Biogas Association

Indian Biogas Association

Indian Biogas Association is India’s leading biogas energy solution provider. The group was founded in 2011 and redesigned in 2015 with the goal of promoting biogas as a greener fuel for the future. “Promote biogas in a sustainable way” is the organization’s stated mission.

ChairmanGaurav Kedia
Founded2011
HeadquarterGurugram, Haryana

The Indian Biogas Association has a target of setting up 5000 new commercial biogas plants by 2024.

6. Shell

Shell

Shell is a diversified international energy company with more than 10,000 employees in India. It is on a mission to develop biofuels using its R&D.

CEOBen van Beurden (Jan 1, 2014–)
HeadquartersLondon, United Kingdom
FounderHugo Loudon
FoundedApril 23, 1907
Revenue261.5 billion USD (2021)
SubsidiariesShell Energy, Shell Oil Company, MORE

Shell Retail has a presence in 6 states of India – Karnataka, Tamil Nadu, Telangana, Maharashtra, Gujarat, and Assam.

Shell has more than 50,000 consumers and more than 200 distributors. This company provides its service in 70 countries of the world.

7. Adani Renewables

Adani Renewables

Adani Renewables is one of the largest renewable energy companies in India. They are developing, building, and operating their own utility-scale grid-connected solar and wind projects.

CEOVneet Jain
HeadquartersAhmedabad, India
FounderGautam Adani
FoundedJanuary 23, 2015
RevenueUS$670 million, 2022
SubsidiriesSB Energy Holdings Limited, MORE

Adani Renewables has the largest solar power project in the world & It also has India’s largest single-location HSAT-based solar power project.

Adani Renewables has the capacity to generate 20,434 MW of power and has ongoing projects in 91 locations.

8. Hindustan Power

Hindustan Power

Hindustan Power is an independent power producer with 4 GW of thermal and solar assets in its portfolio. Its presence is in India, Germany, the UK, and Japan.

Headquarters locationNew Delhi, India
FounderRatul Puri (Chairman)
Founded2008
Revenue$128 Million
SubsidiariesMB Power (Madhya Pradesh) Limited, MORE

Hindustan Power has assets of $2 billion and a total of more than 1000 employees, and its power generation assets are in the states of Madhya Pradesh, Assam, Karnataka, Bihar, and Tamil Nadu.

9. Urja Global

Urja Global

Urja Global is India’s leading solar power company that provides the design, supply, and distribution of solar products.

Founded1992
HeadquartersPitam Pura, Delhi, India
Revenue$104.69 million
SubsidiariesUrja Batteries Limited, Sahu Minerals & Properties Ltd., Bharat Accumulators Ltd.

Urja Global is an approved channel partner of the Ministry of New and Renewable Energy (MNRE), Govt. of India.

Urja Global sells a wide variety of solar products, such as solar lanterns, solar street lighting systems, rooftop systems, and solar PV panels.

10. Waa Solar Ltd.

Waa Solar Ltd.

Waa Solar Ltd. is mainly in the solar power generation industry. incorporated as “Waa Solar Private Limited” under the Companies Act of 1956.

HeadquartersIndia
Founded2009
Revenue$123.3 Million
Parent organizationMadhav Power Pvt. Ltd.
SubsidiariesMadhav Solar Private Limited, MORE

On January 9, 2010, Madhav Power Private Limited, a member of the Madhav Group, purchased the company.

Gujarat Urja Vikas Nigam Limited (GUVNL) and the company have signed a 10 MW power purchase agreement for solar power plants in the Gujarati village of Nayka, Tal. Sami, and District Patan.

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By now you must have understood which are the top 10 renewable energy companies in India.

In today’s time, there is a dire need for renewable energy companies so that the environment does not have to be harmed to generate power.

FAQ

Q: Which is the No 1 solar company in India?

Ans: Tata Power Solar Systems Ltd. is the no. 1 solar company in India.

Q: Which country is the biggest investor in renewable energy?

Ans: China is a leader in renewable energy production figures.

Q: Is Tata Power working on renewable energy?

Ans: Yes

Q: What is the future of renewable energy?

Ans: According to predictions for renewable energy, the global solar capacity will increase by 600 gigawatts by 2024.