Mercom India reveals India’s solar market leaders in first half of FY22

03 Nov 2021 CW Team

The leaders of the Indian solar industry market in the first half of FY22, have been revealed by Mercom India Research.

It comprises significant players’ market shares and shipment rankings across the Indian solar supply chain in 1H 2021.

India has set up approximately 4.6 GW of solar capacity in the first half of 2021, a 251% increase against 1.2 GW added in the corresponding time last year. The nation has a robust pipeline of utility-scale solar plants with 52.8 GW capacity at the end of the first half of 2021, with auctions pending for another 27.8 GW of capacity.

In 1H 2021, large-scale solar, with 3.7 GW capacity, denoted 81% of overall solar establishments. Solar estimated 53% of new power capacity additions in 1H 2021, the largest ever for any year.

As per the report, the top 10 large-scale solar developers accumulated 67% of the total market share in 1H 2021. The Adani Group led utility-scale project establishments, with its portfolio doubling after procuring four operational and under-development assets.

Among utility-scale solar Engineering, Procurement, Construction (EPC) service providers, Mahindra Susten bagged the first position in 1H 2021, followed by Vikram Solar and Belectric.

India established 862 MW of rooftop solar capacity in 1H 2021. Establishments in 1H had already exceeded the total rooftop solar capacity of 719 MW set up in all of 2020 when the Covid-19 lockdown took its toll.

The first ten rooftop solar installers represented 34% of the total rooftop solar market share. Tata Power Solar bagged the first rank in 1H 2021, followed by Fourth Partner Energy.

Sungrow was the best solar inverter supplier in 1H 2021. Sineng Electric and TBEA Energy were next. Five inverter suppliers shipped more than 1 GW capacity to India during the time.

The best ten solar module suppliers accounted for 77% of the total market share in 1H 2021. LONGi was the preeminent module supplier.

The market is steadily moving towards mono technology. But, polycrystalline solar modules still own a majority share of the establishments.

In the first half of 2021 and cumulatively, Purshotam Profiles was the best supplier of solar mounting structures. Other leading suppliers of mounting structures incorporated ISKCON Industries, Strolar, SNS Corporation, and Ganges Internationale.

The top five open access solar developers represented 66% of the overall market share. CleanMax Solar topped in terms of establishments.

Sol-Bright was the best supplier of solar robotic cleaning systems in the first half of 2021.

Image Source

Also read: India and Italy to jointly work for expansion of green hydrogen

The leaders of the Indian solar industry market in the first half of FY22, have been revealed by Mercom India Research. It comprises significant players’ market shares and shipment rankings across the Indian solar supply chain in 1H 2021. India has set up approximately 4.6 GW of solar capacity in the first half of 2021, a 251% increase against 1.2 GW added in the corresponding time last year. The nation has a robust pipeline of utility-scale solar plants with 52.8 GW capacity at the end of the first half of 2021, with auctions pending for another 27.8 GW of capacity. In 1H 2021, large-scale solar, with 3.7 GW capacity, denoted 81% of overall solar establishments. Solar estimated 53% of new power capacity additions in 1H 2021, the largest ever for any year. As per the report, the top 10 large-scale solar developers accumulated 67% of the total market share in 1H 2021. The Adani Group led utility-scale project establishments, with its portfolio doubling after procuring four operational and under-development assets. Among utility-scale solar Engineering, Procurement, Construction (EPC) service providers, Mahindra Susten bagged the first position in 1H 2021, followed by Vikram Solar and Belectric. India established 862 MW of rooftop solar capacity in 1H 2021. Establishments in 1H had already exceeded the total rooftop solar capacity of 719 MW set up in all of 2020 when the Covid-19 lockdown took its toll. The first ten rooftop solar installers represented 34% of the total rooftop solar market share. Tata Power Solar bagged the first rank in 1H 2021, followed by Fourth Partner Energy. Sungrow was the best solar inverter supplier in 1H 2021. Sineng Electric and TBEA Energy were next. Five inverter suppliers shipped more than 1 GW capacity to India during the time. The best ten solar module suppliers accounted for 77% of the total market share in 1H 2021. LONGi was the preeminent module supplier. The market is steadily moving towards mono technology. But, polycrystalline solar modules still own a majority share of the establishments. In the first half of 2021 and cumulatively, Purshotam Profiles was the best supplier of solar mounting structures. Other leading suppliers of mounting structures incorporated ISKCON Industries, Strolar, SNS Corporation, and Ganges Internationale. The top five open access solar developers represented 66% of the overall market share. CleanMax Solar topped in terms of establishments. Sol-Bright was the best supplier of solar robotic cleaning systems in the first half of 2021. Image Source Also read: India and Italy to jointly work for expansion of green hydrogen

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Real Estate

17 Dec 2025

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

Real Estate

17 Dec 2025

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..