Top 15 Renewable Energy Companies in India

Top 15 Renewable Energy Companies  in India

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Top 15 Renewable Energy Companies in India

Admin 29th January 2021

According to UN datum, India has a population of 1.380 Billion and is counted as the 7th largest country in the world. Though covering 17.7% of the total population, India ranks fourth in the renewable energy market of the world. Also, India has a Renewable energy potential of 1000+ GW. India is doing great in Renewable Energy and hence Top Renewable Energy Companies in India are Worth Checking Out.


Full Map of India


The country is involved in extending the use of clean energy sources and has already initiated several large-scale sustainable energy projects to secure a massive growth of green energy. 

Specifically, India remains just behind China and the U.S because BP’s Statistical Review of World Energy states that India’s primary energy consumption scores 809.2 million tons of oil.


Moreover, the Indian renewable energy sector has maturely been considered more charming for foreign and domestic investors. The Government of India has anchored the aim of installing 175 GW of renewable energy capacity by the end of 2022 and 450 GW by 2030. It includes 100 GW from solar, 60 GW from wind, 10 GW from bio-power, and 5 GW from small hydro-power. (Source: Ministry of New and Renewable Energy MNRE)

What are the major resources of renewable energy in India?

The major resources of Renewable Energy in India are Wind Power, Solar Power, and Biomass Power. Till 30 November 2020, the total installed capacity for Renewables is 90 GW. 


Share of New Power Capacity Additions in India (2010 to 2020)

                                                       Source: Mercom India


Wind energy is taken as the most efficient alternative to energy resources. It has increased by 1.7 times in the last 4 years. In addition to that, the wind turbines have become more generous, availabilities have updated and the wind farm concept has become familiar. If combined with solar, a total self-sustainability project could be generated. 


India stands as the fourth-highest wind installed capacity in the world which has generated about 52.66 Billion units during 2017-2018. The National Institute of Wind Energy (NIWE) has connected over 800 wind-monitoring stations all over India and published wind potential maps at 50m, 80m, and 100m above ground level.


Despite that, Solar power appears in having immense potential energy that can be controlled using a variety of devices. The rapid growth in technologies has made solar solutions quick. This is being available for domestic and industrial use with plenty of advantages. 

Recently, India achieved 5th global position in solar power deployment by surpassing Italy. Solar power capacity has increased by more than 11 times in the last five years from 2.6 GW in March 2014 to 30 GW in July 2019.


Following Biomass Energy,  the government committed to increasing the share of non-fossils fuel in total capacity to 40% by 2030. India produces about 450-500 million tonnes of biomass per year. Biomass provides 32% of all the primary energy use in the country at present. A total capacity of 10145 MW has been installed in the Biomass Power and Cogeneration Sector. The Installed Capacity of Biomass IPP is 1826 MW together with the Installed Capacity of Bagasse Cogeneration is 7547 MW and the Installed Capacity of Non-Bagasse Cogeneration is 772 MW. 

(Source: MNRE)


15 Top Renewable Energy Companies  in India 


  1. MINISTRY OF NEW AND RENEWABLE ENERGY:


The Ministry of New and Renewable Energy (MNRE) which runs under the Government of India was established in 1992 as ‘The Ministry of Non-Conventional Energy Sources’. During the 1970s when there were sufficient resources available, energy self-sufficiency was classified. Then in March 1981, the unforeseen increment in the price of oil led to the creation of a Commission for Additional Sources of Energy in the Department of Science and Technology.


Again a new department was formed for the coordination and strengthening of Research and Development (R&D) that was the Department of Non-conventional Energy Sources (DNES) in 1982. And DNES, in the year 1992, became The Ministry of Non-Conventional Energy Sources. Finally, MNRE got its official name in October 2006. Hence, The formation of this ministry is to advance new and renewable energy to improve the energy necessities of the country. 


For meeting the advancement of Renewable Power, the research and development portion needs to be steadfast. The scarce resources result in a harsh future. Likewise, MNRE keeps up in abrogating the fundamental concerns for the country’s well being. The Ministry is now handled by Sh. Raj Kumar Singh. The mission of the Ministry is to increase the share of clean power to secure and access the available energy affordably and equitably. 



  1.  TATA POWER RENEWABLE ENERGY:


Tata Power Renewable Energy (TPREL) solely belongs to the Tata Power Company Limited (TATA Power). Also known as India’s most extensive Integrated Power Utility. They operate 1839 MW covering 907 MW Wind Power and 932 Solar Power. Furthermore, they have an additional 373 MW of solar or wind energy under construction. Their goal is to instigate capacity growth organically and inorganically. More broadly, to gain 30-40% engendering capacity of Tata Power from clean energy sources.


Recently, 377 MW of Wind Power in Gujarat, Tamil Nadu, Karnataka, and Maharashtra and 3 MW of Solar power in Maharashtra plants will be molded out from Tata Power to TPREL by way of a Scheme of Arrangement under Sections 230 and 232 and other applicable provisions of the Companies Act, 2013. For instance, to be India's largest Power Utility, excellent technologies must be adopted. Similarly, every decision is led by the Board of Directors and Key Management Personnel. 


TPREL has received certifications from OHSAS 18001: 2007- Occupation & Health Safety Management Certificate. This is certificated for Management of operations and maintenance activities at wind farms. The next certification is recommended by the British Standards Institute (BSI) for BCP Management System ISO 22301:2012 Risk Management Guidelines Standard. Also received an award from Wind Farm at Dalot, Rajasthan for ‘Best Performing Project 2015’ at India Wind Energy Forum 2015.


  • Founded: 2007

  • Headquarter: Mumbai, India

  • The number of employees: About 700

  • Sector: Solar and Wind Energy

  • Website: Tata Power Renewable Energy


  1. INDIAN BIOGAS ASSOCIATION:


Indian Biogas Association (IBA) was initially established in 2011 and revised in 2015 for proper prospect through biogas. Well, IBA is also known as the Largest Biogas Network in the whole of India. The network encompasses experts, consultants, cooperates, INGO-NGOs, and many more in counting. The Indian Biogas Association slogans with ‘Propagating biogas sustainably.’


Apart from that, the association is linked up in coaching manpower either online or on-site training. Training sessions aim to increase awareness for the sustainable growth of the industry. Else, IBA is the only national and professional biogas organization for operatives, producers, and detailers of biogas plants in India. 


IBA has been collaborating nationally and internationally. The national collaborations are Memorandum of Understanding (MOU) with Skill Council for Green Jobs signed in October 2018 and MOU with Gujarat  Energy Research and Management Institute (GERMI) in 2018. The MOU with Skill Council for Green Jobs particularly works on proffering training and increasing the network to support at the same time awareness of the sustainable growth of the biogas sectors. And the major objective of MOU with GERMI is to carry out activities, consult for the development, and promote the biogas sectors. 


On the other side, international collaborations are Partnership with the German Biogas Association in 2018. The first phase of the partnership has officially been completed however, the partnership is currently running in its second phase. The motive of this program is to make IBA much powerful to offer demand-oriented services. A partnership with ENAMA was signed in 2015 to enhance technical cooperation. Lastly, the Partnership with the Brazilian Biogas Association was signed in July 2020.


  • Founded: 2011 and Renewed in 2015

  • Headquarter: Haryana, India

  • The number of employees: Around 23

  • Sector: Biomass, Bioenergy, and Biofuels

  • Website: Indian Biogas Association


  1. ReNew POWER:


ReNew Power Private Limited has outstandingly developed faster than the renewable industry in India. This company holds 10.32 GW of capacity, out of which 5.56 GW is operational. Hence, it makes the company a leading renewable energy Independent Power Producer. Chairman Sumant Sinha established ReNew Power in 2011; and by now, they serve in more than 110 utility-scale projects spread across 8 states in India. 


The investors of the company are Goldman Sachs, Canada Pension Plan Investment Boards, Abu Dhabi Investment Authority, JERA, and Global Environment Fund. Similarly, the awards won by the company are: Forbes India Leadership Award 2017 for the Outstanding Startup category, EY Entrepreneur of the Year Awards 2017 for Entrepreneur of the Year. Likewise in 2018, the company was recognized by 3 different titles. Entrepreneur of the year award at ET Awards, The champion of Tomorrow at CEO Award, and Corporate Social Responsibility Award at FICCI CSR Awards. In 2019 the company was awarded the ET Innovation Award and the most recent award is VCCircle Infrastructure Company of the Year 2020.


  • Founded: 2011

  • Headquarter: Gurugram, India

  • The number of employees: 1300+

  • Sector: Wind and Solar Energy

  • Website: ReNew Power


  1. AMPLUS SOLAR:


Amplus Solar admits owning 800+ MW and spread with 400+ projects at 275+ locations. It is one of the largest portfolios of distributed asset generation in India whereas Asia’s leading distributed energy company provides low carbon energy solutions to industrial and commercial customers. Furthermore, Amplus is a part of Petroliam Nasional Berhad Group (PETRONAS), Malaysia. 


The regional offices of Amplus solar are in Bangalore, Bangkok, Dubai, Kuala Lumpur, Mumbai, and Pune. Some of their projects are Hindustan Aeronautics Limited which is India’s first tracker solar project for an airport in Karnataka, Project VEERA: largest solar farm of 175 Mw at Karnataka, Yamaha: largest captive solar rooftop plant of 6 MW, Amazon, West Central Railway, Rapid Metro, and many more. Plus, Amplus offers Onsite Solar, Off-site Solar, Solar Plus Storage, and Hawk Ai Energy Monitoring Solution.  


  • Founded: 2010

  • Headquarter: Gurugram, India

  • The number of employees: 300+

  • Sector: Solar Energy

  • Website: Amplus Solar


  1. SUZLON ENERGY LIMITED:


Suzlon Energy Limited has installed 18800 MW of wind energy in 18 countries whereas more than 12500 MW of power has been installed in India solely. As the company has 8 R&D and 14 manufacturing facilities in India, it is working to reach a target of 175 GW capacity by 2022. Also, this company is helping the Indian Government contributing to renewable power. 


According to their website, Suzlon has been operating more than 12500+ MW for 1700+ clients in 8 windy states across 100+ wind farms in India. They have improved the lives of 183308 families, over 686926 animals have been treated, and 426681 kgs of waste products have been recycled. 


Suzlon Energy Limited has lit-up homes with more than 8047 solar lighting systems and planted over 1585474 trees in the treated land of 10704 ha. They have won several awards through media platforms, industrial, manufacturer, and innovation too. 

 

  • Founded: 1995

  • Headquarter: Pune, India

  • The number of employees: more than 5600 

  • Sector: Wind Energy

  • Website: Suzlon Energy Limited


  1. SHELL:


Royal Dutch Shell was founded in 1907 in London. Now Shell is a global company of energy and petrochemicals in more than 70 countries. Thus, Shell India was remunerated in 1976 to meet the world’s demand for energy economically, environmentally, and socially in responsible ways. Shell is one of the first companies to invest in developing advanced biofuels, using crop waste or inedible plants and new conversion processes.


The downstream activities of Shell India are that Shell Lubricants India sells a variety of lubricants to meet the customer’s need through a network of about 250 distributors and a lubricant oil blending plant at Taloja. The Aviation joint venture between Shell and MRPL is currently serving 10 airports. 


  • Founded: 1976

  • Headquarter: Haryana, India

  • The number of employees: Over 8500

  • Sector: Biofuels and alternative transport fuels

  • Website: Shell


  1. ECO-BIOFUEL: 


Eco-Biofuel is owned by Mr. Jignesh Patel which is mainly a manufacturer and supplier of Pellets of Agro Waste, Bio Coal, Biomass Wood, Biofuel, and Bio Coal Briquettes. These products are concocted with the recycled waste of forestry. They do not harm the environment because it is made and packaged using advanced technologies maintaining international quality. Hence Eco Fire Pellets reduce Air Pollution.


For the best customer satisfaction, Eco-Biofuel depends on its infrastructural unit to process high-quality products. The infrastructure is divided into procurement, processing, quality testing, warehousing, and packaging. When the divisions are overseen then the products are delivered to the market. The Eco-Biofuel stores its raw and final product in a 50,000 sq. ft. area. Its production capacity is 100 MT/Day and delivered by its transportation (Trucks, tractors, and dumpers). 


  • Founded: 2013

  • Headquarter: Rajkot, Gujarat

  • The number of employees: 25+

  • Sector: Biomass, Bioenergy, and Biofuels

  • Website: Eco-Biofuel


  1. HINDUSTAN POWER:


Hindustan Power has a total of 6000 MW of capacity and an asset size of $2 Billion. It has been working under the hydro, renewables, thermal, mining, and engineering procurement and construction (EPC). The Chairperson of Hindustan Power is Ratul Puri.


Well, Hindustan Power has installed capacity of around 450 MW in India and its first solar power plant of 5 MW. They work on returning maximum advantages to its stakeholders through corporate growth and social responsibility. It is not only based in India but also serves internationally. The headquarter is resided in New Delhi and has a power generating assets in Assam, Gujarat, Himachal Pradesh, Madhya Pradesh, Punjab, Uttar Pradesh, and West Bengal. Then, Germany, Italy, the US, UK, and Japan have their international power generating assets.


  • Founded: 2008

  • Headquarter: New Delhi, India

  • The number of employees: more than 800 

  • Sector: Wind and Solar Energy

  • Website: Hindustan Power


  1. ORB ENERGY:


ORB Energy was established for an affordable, easy, hassle-free alternative solar energy. Though it was founded in 2006 by Damian Miller and NP Ramesh, it was operated in 2007 in India. It sells solar electricity and solar water heating to the customers. In broad, ORB targets Small-Medium sized enterprises as customers.


Uniquely, ORB Energy manufactures its solar panels and solar water heating systems in-house to control quality and cost. It would make the company attract small-medium sized enterprises with its affordable products. Besides that, the company has widened its branch to Kenya in 2014 so that the product could be used in Africa too. 


ORB is Asia and Africa based. It has installed industrial-scale solar water heating systems for Unilever’s facilities in Kenya and Indonesia (Myanmar). And the investors are Shell, the Dutch Development Bank: FMO, Global private equity firm: Bamboo Capital Partners, Investment Advisor: Rianta Capital, and Pamiga Finance.


  • Founded: 2006

  • Headquarter: Bangalore, India

  • The number of employees: 300

  • Sector: Solar Energy

  • Website: ORB Energy


  1. GGE POWER:


GGE Power is the distributor of Biogas equipment. It is helping companies to create a clean future. They supply types of equipment such as Gas Gensets, Bio-CNG Up-gradation Equipment, Epoxy, and Glass Coated Digester Tanks, Gas Holders, H2S Scrubbers, Gas Blowers and Compressors, Dehumidifiers, Flares, Agitators and Mixing Pumps for Digesters. 


It has been purchasing the kits from a highly qualified market. The quality is maintained internationally and later tested by professionalists. Then the equipment is brought to GGE Power. GGE provides service and support through a dedicated service team to every installation across the area. The Service set up is headed by a Product Support Manager responsible for ensuring reliable and timely services to the client. The team looks after Pre-Delivery Inspection, Erection & Commissioning, Warranty Services, Maintenance Services, Troubleshooting, etc.


  • Founded: 2005

  • Headquarter: New Delhi, India

  • The number of employees: Above 3000

  • Sector: Biomass, Bioenergy, and Biofuels

  • Website: GGE Power


  1. SEMBCORP ENERGY INDIA LIMITED:


Sembcorp Energy India Limited (SEIL) is a subsidiary of Singapore-based Sembcorp Industries. It has 4.37 GW of thermal and renewable energy capacity. It is an Independent Power Product (IPP) and solely owns Sembcorp Gayatri Power Limited and Sembcorp Green Infra Limited. The company has an asset of $24 Billion.


SEIL is operated through Sembcorp Green Infra that consists of more than 1700 megawatts of wind and solar power assets in operation in seven states of India. SEIL is working on a solar project in Rajasthan that is expected to be ready by 2022. 



  1. AZURE POWER:


Azure Power is a company that has been in a race of selling energy at the lowest cost possible. It developed India’s first private utility-scale solar plant in 2009. It was a 2 MW plant in Punjab. In 2011, a 10 MW project was developed in Gujarat. Likewise, India’s first distributed MW scale solar rooftop project was developed in Gujarat of 2.5 MW. In 2014, Azure developed a 34 MW project in Punjab.


Then Azure Power was started to count as the largest solar power developer in India. Since 2015 the company started to work on higher projects. It developed the first utility-scale project in the states of Uttar Pradesh and Chhattisgarh. Azure Roof Power Surpassed 100 MWs of Operating Solar Rooftop Capacity. Lastly, in 2020 it surpassed the 7+ GW portfolio in India.


The investors are Caisse de dépôt et placement du Québec (CDPQ), International Finance Corporation (IFC), Helion Venture Partners, Société de Promotion et de Participation pour la Coopération Économique (PROPARCO), and Netherlands Development Finance Company (FMO). It was listed on the New York Stock Exchange (NYSE) and Singapore Stock Exchange (SGX) too.


  • Founded: 2008

  • Headquarter: New Delhi, India

  • The number of employees: 656

  • Sector: Solar Energy

  • Website: AZURE POWER


  1. ADANI RENEWABLES:


The Chairman of Adani Green Energy Company, Gautam Adani, recently confessed to strive to be the largest renewable firm by 2030 and the world’s largest solar company by 2025. The company owns a portfolio of about 2.5 GW for now. However, 2.9 GW is in construction which will make 18 GW by 2025. 


Adani Green Energy Ltd bought the solar assets of Essel Group for an enterprise value of ₹1,300 crores in August 2020. With this acquisition, it got solar assets of 205 MW. Additionally, it also bought Inox Wind wherein it got 50 MW of wind power projects across 3 manufacturing plants in Gujarat, Himachal Pradesh, and Madhya Pradesh. 



  • Founded: 2015

  • Headquarter: Ahmedabad, India

  • The number of employees: Around 444

  • Sector: Solar and Wind Energy

  • Website: Adani Renewables


  1. KAVEISH BIOENERGY:


Kaveish Bioenergy manufactures portable biogas plants water jacket models. The models are 0.5 cum, 1 cum, 2 cum, 3 cum, 6 cum, and 10 cum. These models are used in households as well as canteens of big-sized industries. The models are made with art fiber reinforced plastics material. In-dept, the production of the mentioned model goes through a scientific process that meets the international quality standard. With the development of advanced technology, the models can easily run for 15 years.


The company has been involved in bigger projects such as Biogas Bottling and Purification Plant (BIOCNG) and Plasma gasification projects.  Besides that, Kaveish Bioenergy approaches every bioenergy related projects like Biogas Purification, Biowaste treatment plants, Bio Wastewater treatment plants, Biowaste to Electricity projects, up-gradation, a revival of treatment plants, annual maintenance contracts. 


  • Founded: 2010

  • Headquarter: Pondicherry, South India

  • The number of employees: About 25

  • Sector: Biomass, Bioenergy, and Biofuels

  • Website: Kaveish Bioenergy



Still want to find more Companies, Check out Top 15 top Renewable Energy Companies in the USA


How much of India’s energy is produced by renewable energy companies in India?


The Government of India has set the aim of installing 175 GW of renewable power by 2022. This shows that the Government of India is constantly bound to increasing the use of clean energy sources. According to the sources, the projects are being undertaken to promote green energy in India. Apart from the government, Private companies are overtaking the production of power generating assets.

 

Due to the heavy production, India’s renewable energy sector expects to draw investment worth $80 Billion in the upcoming years. It is because 49% of electricity will be generated through renewable powers. As a result, 66% of the total solar energy cost will be reduced as compared to the current cost. Also, coal will be replaced chiefly. This will save up to US $8.43 billion annually. Renewable energy will account for 55% of the total installed power capacity by 2030.

 

While the Private Renewable energy company ReNew Power and Shapoorji Pallonji is working on a large floating solar power project in Uttar Pradesh. They will be investing around US $0.11 Billion in a 150 MW. Similarly, Tata Power has recently announced plans to develop a 100 MW in Dholera solar park in Gujarat. Massive investments are being made in the renewable sectors by private organizations. The competition is at its peak. For now, Adani Group is focusing on being the World’s largest solar company by 2025 and the biggest renewable energy firm by 2030.

 

 

Conclusion


The Government of India has been constantly bound on increasing the use of clean energy sources. This does increase a better future and at the same time creates employment opportunities too. According to The Ministry of New and Renewable Energy (MNRE), India’s total installed capacity of renewable energy is 90 GW excluding hydropower. Also, it states that 27.41 GW will be added. Renewable Energy in India is a great asset to Energy Contribution yet India still needs to work a lot in Renewable Energy Sectors.

 

 

 

 

Source: S. Hermann and F. Richter from Pixabay

 

About 5,000 trillion kWh per year of energy is incident over India's land area with most parts receiving 4-7 kWh per sq. m per day. India was ranked fifth in solar power, fourth in wind power, and fifth in renewable power installed capacity as of 2018. Also, India ranked third in EY Renewable Energy Country Attractive Index 2019. Moreover, India has installed renewable power generation capacity and has increased at a fast pace over the past few years, posting a Compound Annual Growth Rate of 17.33% between Fiscal Year (FY14-FY20). 

 

We hope you have enjoyed our Picks of 15 Top Renewable Energy Companies in India. Do you think we missed something? Do you think some other Renewable Energy Companies are contributing to Renewable Energy in India? Feel free to comment below. We always appreciate your suggestions.



Summary of Top 15 Renewable Energy Companies in India 



S.N

Top Renewable Energy Companies


MINISTRY OF NEW AND RENEWABLE ENERGY


TATA POWER RENEWABLE ENERGY 


INDIAN BIOGAS ASSOCIATION


ReNew POWER


AMPLUS SOLAR


SUZLON ENERGY LIMITED


SHELL


ECO-BIOFUEL


HINDUSTAN POWER


ORB ENERGY


GGE POWER


SEMBCORP ENERGY INDIA LIMITED


AZURE POWER


ADANI RENEWABLES


KAVEISH BIOENERGY