Photovoltaic materials companies play a crucial role in the renewable energy sector, focusing primarily on solar energy solutions. These firms design and manufacture photovoltaic cells, modules, and related technologies that convert sunlight into electricity. As global demand for clean energy rises, the industry is evolving with innovations in efficiency and sustainability. Companies are increasingly emphasizing advanced technologies like bifacial solar panels and energy storage systems. With government incentives and growing awareness of environmental issues, the industry is set to expand significantly, aiming to reduce reliance on fossil fuels and combat climate change.

This listing features 28 prominent photovoltaic materials companies, representing a mix of large and medium-sized enterprises. They are based in various locations, including countries like China, India, and Germany. Founded between the late 20th century and recent years, many of these companies focus on producing high-efficiency solar products. Their specializations range from solar modules to advanced materials and solar systems designed for both residential and industrial applications.

Continue reading to learn about the top photovoltaic materials companies.

Top 28 Photovoltaic Materials Companies

1. Suntech

• Website: suntech-power.com
• Ownership type: Corporate
• Headquarters: Wuxi, Jiangsu, China
• Employee distribution: China 64%, India 6%, Australia 5%, Other 25%
• Latest funding: November 2013
• Founded year: 2001
• Headcount: 10001+
• LinkedIn: suntech_2

Suntech Power, established in 2001 and based in Wuxi, Jiangsu, China, is a prominent manufacturer in the solar energy sector. The company specializes in the production of photovoltaic modules, providing solutions for utility companies, commercial enterprises, and residential customers. With a strong emphasis on quality and sustainability, Suntech has shipped over 50 GW of photovoltaic modules globally, showcasing their extensive reach and operational capacity. Their product lineup includes advanced crystalline silicon solar cells and modules, which are designed to meet the growing demand for renewable energy. Suntech is committed to continuous innovation, investing in research and development to enhance their manufacturing processes and product efficiency. They have also secured numerous patents, reflecting their focus on technological advancement in the solar industry.

2. Rec

• Website: recgroup.com
• Ownership type: Corporate
• Headquarters: Singapore
• Employee distribution: Singapore 77%, United States (USA) 8%, Germany 4%, Other 11%
• Latest funding: Other (Grant), July 2022
• Founded year: 1996
• Headcount: 1001-5000
• LinkedIn: rec_

REC Group, founded in 1996 and headquartered in Singapore, is a prominent solar panel manufacturer known for its high-efficiency solar products. The company offers a range of solar panels, including the REC Alpha Pure and TwinPeak series, which utilize advanced technologies like Heterojunction (HJT) and Mono-PERC. REC serves both residential and commercial markets, providing sustainable energy solutions that emphasize quality and reliability. The company is committed to ethical manufacturing practices and sustainability, ensuring that their products not only perform well but also contribute positively to the environment. With a workforce of approximately 1,674 employees, REC has a significant presence in various countries, including the United States, Germany, and India. Their focus on innovation and customer satisfaction is evident in their comprehensive warranty offerings, which include a 25-year performance warranty for their solar panels.

3. Adani Solar

• Website: adanisolar.com
• Ownership type: Private
• Headquarters: Ahmedabad, Gujarat, India
• Employee distribution: India 100%
• Founded year: 2015
• Headcount: 501-1000
• LinkedIn: adani-solar

Adani Solar, founded in 2015 and based in Ahmedabad, Gujarat, is a prominent solar manufacturer in India. As the solar arm of the Adani Group, the company specializes in high-efficiency photovoltaic modules, catering to businesses and organizations looking to adopt renewable energy solutions. With a manufacturing capacity of 4 GW for cells and modules, and 2 GW for ingots and wafers, Adani Solar is recognized as India's largest vertically integrated solar PV manufacturer. The company produces a variety of solar products, including Monofacial and Bifacial PV modules utilizing advanced technologies such as TOPCon and MonoPERC. Adani Solar has shipped over 10 GW of modules globally, demonstrating its significant presence in the market. The company is also committed to sustainability, having achieved certifications for its environmental practices and contributing to India's renewable energy goals.

4. Vikram Solar

• Website: vikramsolar.com
• Ownership type: Private
• Headquarters: Kolkata, West Bengal, India
• Employee distribution: India 99%
• Latest funding: $200.0M, December 2023
• Founded year: 2006
• Headcount: 1001-5000
• LinkedIn: vikram-solar

Vikram Solar Limited, based in Kolkata, India, is a prominent player in the solar energy sector, established in 2006. The company specializes in manufacturing solar photovoltaic (PV) modules and offers engineering, procurement, and construction (EPC) services for solar power plants. With a workforce of approximately 1,484 employees, Vikram Solar has made significant strides in the renewable energy landscape, contributing to India's ambitious green energy targets. The company has a manufacturing capacity of 3.5 GW for solar PV modules and has successfully commissioned over 1.03 GW of solar projects across various sectors, including utility, health, education, and industry. Their product offerings include advanced technology modules, such as bifacial and monofacial PV modules, designed to optimize energy generation and efficiency. In December 2023, Vikram Solar secured $200 million in funding, underscoring their growth trajectory and commitment to innovation in the solar industry. Their operations extend to 39 countries, reflecting their global outreach and impact in promoting sustainable energy solutions.

5. Fronius International

• Website: fronius.com
• Ownership type: Private
• Headquarters: Wels, Upper Austria, Austria
• Employee distribution: Austria 89%, Germany 3%, Other 8%
• Founded year: 1945
• Headcount: 5001-10000
• LinkedIn: fronius-international-gmbh

Fronius International GmbH, founded in 1945 and based in Wels, Upper Austria, is a private technology company with a workforce of approximately 5,859 employees. The company operates in three main business units: Perfect Welding, Solar Energy, and Perfect Charging. Within the Solar Energy unit, Fronius focuses on providing advanced photovoltaic solutions, including inverters, energy management systems, and storage solutions. Their products cater to homeowners, businesses, and installers, emphasizing renewable energy and efficiency. Fronius has a global presence, with operations in multiple countries, and is dedicated to sustainability and technological advancement in the energy sector.

6. RenewSys India Pvt. Ltd.

• Website: renewsysworld.com
• Ownership type: Private
• Headquarters: Mumbai, Maharashtra, India
• Employee distribution: India 100%
• Founded year: 2011
• Headcount: 501-1000
• LinkedIn: renewsys-india

RenewSys India Pvt. Ltd., established in 2011 and based in Mumbai, Maharashtra, is a manufacturer in the renewable energy sector, particularly in solar photovoltaic (PV) technology. The company produces high-quality solar PV modules and essential components, including encapsulants and backsheets. With a total installed module manufacturing capacity of 2.5 GW, RenewSys operates multiple manufacturing facilities across India, including locations in Hyderabad and Bengaluru. Their products are designed for a wide range of applications, from small retail systems to large utility-scale solar power plants. RenewSys has made significant strides in research and development, ensuring that their offerings meet international standards and customer needs. They have also received recognition for their innovative products, such as the Transparent Backsheet, which won an award at the Mercom India Clean Energy Awards 2023. The company is part of the ENPEE Group, which has a long-standing history in various industries, further supporting RenewSys's operational capabilities and market reach.

7. EDF ENR PWT (Photowatt)

• Website: photowatt.com
• Ownership type: Corporate
• Headquarters: Bourgoin-Jallieu, Auvergne-Rhône-Alpes, France
• Employee distribution: France 100%
• Latest funding: September 2024
• Founded year: 1979
• Headcount: 51-200
• LinkedIn: photowatt

EDF ENR PWT, operating under the brand name Photowatt, is a French company based in Bourgoin-Jallieu, Auvergne-Rhône-Alpes. Founded in 1979, Photowatt specializes in the manufacturing of high-efficiency photovoltaic products, particularly solar panels. The company has developed a reputation for its commitment to low-carbon production methods, aligning with the growing demand for sustainable energy solutions. With a workforce of approximately 125 employees, Photowatt has established itself as a significant player in the solar energy sector, having sold the equivalent of 600 MWc, which translates to over 4 million solar panels. Their product range includes advanced bifacial and monofacial panels, showcasing their focus on innovation and quality. Photowatt is a subsidiary of EDF ENR, part of the larger EDF Group, which is a major player in renewable energy in Europe. The company emphasizes its expertise in the entire value chain of solar panel production, from silicon ingots to finished panels, and is recognized for its efforts in reducing the carbon footprint of its products.

8. Oxford PV

• Website: oxfordpv.com
• Ownership type: Corporate
• Headquarters: Oxford, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 70%, Germany 28%, India 2%
• Latest funding: Series D, $42.8M, July 2019
• Founded year: 2010
• Headcount: 51-200
• LinkedIn: oxford-photovoltaics-ltd

Oxford PV is a solar technology company based in Oxford, England, founded in 2010 as a spin-out from the University of Oxford. The company focuses on the development and commercialization of perovskite solar cells, which are designed to enhance the efficiency of conventional silicon solar cells. By integrating their innovative perovskite technology with existing silicon cells, Oxford PV aims to produce tandem solar cells that deliver significantly higher power output per square meter. This advancement is crucial for making solar energy more affordable and mainstream. The company operates a state-of-the-art production facility in Brandenburg, Germany, which is the first of its kind for volume manufacturing of perovskite-on-silicon tandem solar cells. Oxford PV has attracted nearly $150 million in funding, demonstrating strong investor confidence in their technology and market potential. Their commitment to sustainability and ethical operations underpins their mission to revolutionize the solar industry and contribute to the global clean energy transition.

9. FuturaSun

• Website: futurasun.com
• Ownership type: Private
• Headquarters: Cittadella, Italy
• Employee distribution: Italy 80%, China 8%, Brazil 4%, Other 8%
• Founded year: 2008
• Headcount: 11-50
• LinkedIn: futurasun-srl

FuturaSun, established in 2008 and based in Cittadella, Italy, is a private company dedicated to the solar energy sector. The firm specializes in the design, manufacture, and sale of high-performance photovoltaic modules tailored for both residential and commercial applications. With a strong emphasis on sustainability and innovation, FuturaSun has developed a range of products, including PERC and n-type solar panels, that cater to various energy needs. The company operates globally, with a significant portion of its workforce based in Italy and additional operations in China, Brazil, Greece, and the Netherlands. FuturaSun has built a reputation for quality and reliability, supported by rigorous manufacturing processes and a commitment to carbon neutrality. Their production facilities in Asia boast an annual capacity of 1 GW, enabling them to meet the growing demand for solar energy solutions. FuturaSun's strategic orientation towards international markets has allowed them to thrive even during periods of industry contraction, showcasing their resilience and forward-thinking approach.

10. Onyx Solar Energy

• Website: onyxsolar.com
• Ownership type: Venture Capital
• Headquarters: Ávila‎, Castile And León, Spain
• Employee distribution: Spain 60%, France 7%, China 3%, Other 29%
• Latest funding: August 2021
• Founded year: 2009
• Headcount: 51-200
• LinkedIn: onyx-solar-energy

Onyx Solar Energy, founded in 2009 and based in Ávila, Spain, is a manufacturer that specializes in photovoltaic glass solutions tailored for buildings. The company focuses on creating innovative products that not only generate clean energy but also enhance the aesthetic and functional qualities of architectural designs. Onyx Solar's offerings include a range of photovoltaic glass types, such as amorphous and crystalline silicon, which can be customized to meet specific project requirements. Their clientele includes prominent corporations and institutions, indicating a strong market presence. The company has successfully completed over 350 projects globally, showcasing their expertise in integrating photovoltaic technology into various architectural applications. Onyx Solar has also received numerous awards for its innovative products, further establishing its reputation in the photovoltaic materials industry.

11. Talesun Solar Technologies

• Website: talesun.com
• Ownership type: Private
• Headquarters: Suzhou, Jiangsu, China
• Employee distribution: China 53%, Germany 5%, Spain 5%, Other 36%
• Founded year: 2009
• Headcount: 501-1000
• LinkedIn: talesun

Talesun Solar Technologies Co., Ltd., established in 2009 and based in Suzhou, Jiangsu, China, is a prominent player in the solar energy sector. The company focuses on the manufacturing of photovoltaic modules and provides a range of solar power solutions, including project development and EPC (Engineering, Procurement, and Construction) services. With a workforce of around 500 to 1000 employees, Talesun has expanded its production capacity to 16GW for high-efficiency solar cells and 20GW for solar modules. The company has a strong commitment to innovation, collaborating with leading research institutions to enhance its product offerings. Talesun has also been recognized as a Tier 1 supplier by Bloomberg New Energy Finance, reflecting its credibility and reliability in the solar market. The company operates globally, serving clients in various regions, including China, Europe, and the Americas, and has successfully delivered over 36GW of solar products worldwide.

12. EMMVEE Photovoltaic Power Private Limited

• Website: emmvee.com
• Ownership type: Private
• Headquarters: Bengaluru, Karnataka, India
• Employee distribution: India 100%
• Founded year: 1992
• Headcount: 501-1000
• LinkedIn: emmvee

EMMVEE Photovoltaic Power Private Limited, based in Bengaluru, Karnataka, India, is a prominent player in the solar energy industry. Founded in 1992, the company specializes in manufacturing photovoltaic modules and solar water heating systems. With a workforce of approximately 733 employees, EMMVEE serves various sectors, including residential, commercial, and industrial, providing tailored solar solutions that enhance energy efficiency and reduce costs. The company has developed a robust portfolio of products, including TOPCon modules, bi-facial and monofacial PV modules, and solar water heaters. EMMVEE has also made strides in international markets, with operations extending to Europe, Africa, and the Middle East. Their focus on innovation is evident in their continuous development of new products and technologies, ensuring they remain competitive in the evolving solar landscape.

13. DMEGC Solar - Hengdian Group

• Website: dmegcsolar.com
• Ownership type: Private
• Headquarters: Jinhua, Zhejiang, China
• Founded year: 1980
• Headcount: 1001-5000
• LinkedIn: hengdian-group-dmegc-magnetics-co-ltd-

DMEGC Solar - Hengdian Group, founded in 1980 and based in Jinhua, Zhejiang, China, is a private company specializing in renewable energy solutions, particularly solar energy. The company manufactures high-efficiency solar panels and offers a variety of services tailored for residential, commercial, and large-scale projects. DMEGC Solar has established a reputation for quality, being recognized as a Bloomberg Tier 1 manufacturer of solar panels. Their product offerings include the Infinity Series and M10 Series, which are designed to meet the needs of different market segments. The company emphasizes innovation, with a focus on enhancing the efficiency and reliability of its products. DMEGC Solar has also been acknowledged for its performance in various industry rankings, including being listed among the top suppliers of photovoltaic modules in 2022. Their commitment to sustainability and energy cost reduction makes them a significant player in the solar energy market.

14. Loom Solar PVT. LTD.

• Website: loomsolar.com
• Ownership type: Private
• Headquarters: Faridabad, Haryana, India
• Employee distribution: India 100%
• Latest funding: Other (Debt), $2.0M, December 2022
• Founded year: 2018
• Headcount: 51-200
• LinkedIn: loom-solar

Loom Solar PVT. LTD. is a solar energy company based in Faridabad, Haryana, India, founded in 2018. The company specializes in the manufacturing of solar panels, inverters, and lithium batteries, catering to a wide range of customers including homeowners, businesses, and the agricultural sector. With a focus on reducing electricity costs and promoting sustainable energy use, Loom Solar has developed a strong presence in the Indian market. The company operates through a network of over 10,000 resellers and has established five facilities, including a manufacturing plant. Loom Solar is ISO 9001:2015 certified and recognized as a startup by the Government of India. In December 2022, the company secured $2 million in funding, reflecting its growth trajectory and market relevance.

15. Lightyear

• Website: lightyear.one
• Ownership type: Venture Capital
• Headquarters: Venray, Limburg, Netherlands
• Employee distribution: Netherlands 100%
• Latest funding: $11.2M, September 2024
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: lightyear.one

Lightyear, founded in 2016 and based in Venray, Limburg, Netherlands, is a solar electric vehicle manufacturer that specializes in innovative solar charging systems. The company is at the forefront of developing Vehicle Integrated Photovoltaics (VIPV), which allows vehicles to harness solar energy directly from their surfaces. This technology not only enhances the range of electric vehicles but also reduces the need for conventional charging infrastructure. Lightyear has recently secured over 10 million euros in funding to support the manufacturing of their solar systems, which are designed to be scalable and applicable across various automotive platforms. Their mission is to promote clean mobility by making solar energy a practical solution for everyday transportation, thereby addressing environmental challenges and contributing to the energy transition.

16. ARTsolar

• Website: artsolar.net
• Ownership type: Private
• Headquarters: Pinetown, Kwazulu-Natal, South Africa
• Employee distribution: South Africa 87%, United States (USA) 13%
• Founded year: 2010
• Headcount: 201-500
• LinkedIn: artsolar

ARTsolar, established in 2010 and based in Pinetown, Kwazulu-Natal, South Africa, is a private company dedicated to the manufacturing of high-quality solar photovoltaic (PV) modules. As the only locally owned solar panel manufacturer in South Africa, ARTsolar plays a crucial role in the local renewable energy market. The company specializes in producing solar panels that are internationally and locally certified, ensuring they meet rigorous quality standards. ARTsolar caters to a wide range of customers, including residential, commercial, and industrial sectors, providing tailored solar power systems designed to meet specific energy needs. The company is committed to local manufacturing, which not only fosters job creation but also strengthens the local economy. ARTsolar's production facility is equipped to handle high-volume production, particularly for utility-scale PV farms, showcasing its capability to support large-scale renewable energy projects. The company also offers a comprehensive approach to solar solutions, guiding clients through the entire process from needs assessment to installation and ongoing support.

17. Heckert Solar GmbH

• Website: heckertsolar.com
• Ownership type: Private
• Headquarters: Chemnitz, Saxony, Germany
• Employee distribution: Germany 100%
• Founded year: 2001
• Headcount: 51-200
• LinkedIn: heckert-solar

Heckert Solar GmbH, based in Chemnitz, Saxony, Germany, is a private company founded in 2001. Specializing in the manufacturing of solar modules and related products, Heckert Solar serves a dual market of professional partners, such as installers, and end consumers seeking sustainable energy solutions. The company is dedicated to helping customers reduce energy costs and dependence on fossil fuels through high-quality solar technology. Their product range includes various models of solar modules, energy storage systems, and inverters, showcasing their commitment to innovation and efficiency in the solar energy sector. With a workforce of 51-200 employees, Heckert Solar operates entirely within Germany, emphasizing its focus on local production and expertise. The company has not reported any recent funding, indicating a stable operational model without external financial influences.

18. Heliatek

• Website: heliatek.com
• Ownership type: Private Equity
• Headquarters: Dresden, Saxony, Germany
• Employee distribution: Germany 100%
• Latest funding: Series D, $17.7M, October 2017
• Founded year: 2006
• Headcount: 201-500
• LinkedIn: heliatek

Heliatek, founded in 2006 and based in Dresden, Germany, specializes in organic photovoltaic solutions. The company has developed HeliaSol, a unique solar film that is lightweight, flexible, and easy to install on various building surfaces. This product allows for efficient energy generation while enhancing the aesthetic appeal of structures. Heliatek's technology is particularly beneficial for buildings with weight restrictions or those that cannot accommodate traditional solar panels. The company has successfully completed over 75 installations worldwide, showcasing its capability to adapt to different architectural designs. Heliatek operates a state-of-the-art production facility in Dresden, which is set to produce up to 2 million square meters of HeliaSol annually. The company has received funding of approximately €17.7 million in its Series D round in 2017, reflecting strong investor interest in its innovative approach to solar energy. Heliatek aims to contribute to a sustainable future by maximizing the potential of solar energy in urban environments.

19. AZUR SPACE Solar Power GmbH

• Website: azurspace.com
• Ownership type: Corporate
• Headquarters: Heilbronn, Baden-Württemberg, Germany
• Employee distribution: Germany 96%, United States (USA) 4%
• Latest funding: March 2021
• Founded year: 2002
• Headcount: 201-500
• LinkedIn: azur-space-solar-power-gmbh

AZUR SPACE Solar Power GmbH, founded in 2002 and based in Heilbronn, Germany, is a manufacturer specializing in high-efficiency multi-junction solar cells. The company serves both the aerospace and renewable energy sectors, providing advanced solar technology designed to perform reliably in extreme environments. Their product offerings include space solar cells, CPV (Concentrated Photovoltaics) solar cells, and customized solutions tailored to specific customer needs. With a workforce of around 80 employees, AZUR SPACE has built a reputation for quality and innovation, leveraging over five decades of experience in space solar cell technology. Their commitment to excellence is reflected in their rigorous quality management processes and their ability to meet the demanding requirements of satellite power systems. The company has not reported any recent funding, indicating a stable operational status.

20. Eoplly New Energy Co., Ltd

• Website: eoplly.com
• Ownership type: Private
• Headquarters: Nantong, Jiangsu, China
• Founded year: 2005
• Headcount: 1001-5000
• LinkedIn: eoplly-new-energy-co.-ltd

Eoplly New Energy Co., Ltd, founded in 2006 and based in Nantong, Jiangsu, China, specializes in renewable energy solutions with a strong focus on solar energy. The company manufactures and sells solar cells, modules, and photovoltaic systems, catering to businesses and organizations seeking sustainable energy solutions. Eoplly emphasizes high efficiency and quality in its products, which are certified by various international standards, including IEC, TUV, CE, and UL. The company operates a production capacity of 180 MW for solar cells and 400 MW for modules, showcasing its capability to meet market demands. Eoplly has also established a global network, providing 24-hour after-sales service to clients across North America, Europe, and Asia. With a commitment to innovation, Eoplly has developed a professional technical team and holds numerous patents, further solidifying its position in the renewable energy sector.

21. SOLARWATT Germany

• Website: solarwatt.de
• Ownership type: Private
• Headquarters: Dresden, Saxony, Germany
• Employee distribution: Germany 96%, Other 4%
• Founded year: 1993
• Headcount: 501-1000
• LinkedIn: solarwatt-de

SOLARWATT Germany, founded in 1993 and based in Dresden, Saxony, is a private company that specializes in solar energy solutions. The firm focuses on photovoltaic systems and energy management, providing products such as solar panels, energy storage systems, and heat pumps. Catering primarily to residential and small business customers, SOLARWATT aims to help clients reduce energy costs and achieve energy independence through sustainable solar solutions. With a workforce of around 218 employees, the company has a strong presence in Germany, where 96% of its operations are based. Notably, SOLARWATT has sold over 12 million solar modules, and they are recognized for their innovative glass-glass modules, which are designed for durability and efficiency. Their comprehensive approach includes planning, installation, and ongoing support, ensuring that customers receive a complete energy solution. The company has also been proactive in promoting energy management technologies, further solidifying its role in the renewable energy sector.

22. BIPVco

• Website: bipvco.com
• Ownership type: Private
• Headquarters: Newport, Wales, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 81%, United States (USA) 19%
• Founded year: 2014
• Headcount: 11-50
• LinkedIn: bipvco

BIPVco, founded in 2014 and based in Newport, Wales, is a private manufacturer focused on building integrated photovoltaic solutions. The company specializes in innovative products such as Flextron, a flexible solar module designed for easy installation on various roofing systems, and Metektron, a lightweight retrofit solar PV system. BIPVco aims to transform building envelopes from passive structures into active energy-generating systems, catering to commercial, industrial, and residential sectors. Their products are designed to reduce energy costs and carbon emissions, appealing to businesses and organizations committed to sustainability. BIPVco has engaged in notable projects, including installations at SABMiller's brewery in Nigeria and the Zero House in Canada, showcasing their capability in delivering effective solar solutions. The company has not reported any recent funding, indicating a self-sustaining operational model.

23. Solbian Energie Alternative Srl

• Website: solbian.eu
• Ownership type: Private
• Headquarters: Italy
• Employee distribution: Italy 100%
• Founded year: 2007
• Headcount: 11-50
• LinkedIn: solbian-energie-alternative-srl

Solbian Energie Alternative Srl, founded in 2007 and based in Italy, is a private company dedicated to renewable energy solutions, particularly in solar energy. They manufacture flexible photovoltaic modules and solar panels tailored for various applications, including marine environments, mobility solutions, and architectural projects. The company has carved out a niche by focusing on lightweight and resilient solar technologies that can withstand harsh conditions. Their products cater to both individual consumers and businesses, providing efficient solar energy solutions. Solbian's innovative approach began with a collaboration between notable figures in sailing and physics, aiming to enhance solar energy use in racing yachts. This pioneering spirit has led to a broad portfolio of applications, from campers to humanitarian installations. Their commitment to quality and performance is evident in their high-efficiency solar cells, which achieve up to 24% conversion of sunlight into electricity. Solbian continues to evolve, adapting to the needs of the market and expanding their technological capabilities.

24. Cosmic Pv Power Pvt Ltd

• Website: cosmicpvpower.com
• Ownership type: Private
• Headquarters: Surat, Gujarat, India
• Employee distribution: India 100%
• Latest funding: October 2024
• Founded year: 2020
• Headcount: 201-500
• LinkedIn: cosmic-pv-power-pvt-ltd

Cosmic Pv Power Pvt Ltd, founded in 2020 and based in Surat, Gujarat, India, is a private company focused on manufacturing high-quality photovoltaic modules. With a workforce of around 72 employees, the company operates two fully automated robotic manufacturing facilities with a combined capacity of 850MW. Cosmic PV Power specializes in producing a range of solar panels, including high-efficiency TOPCon, Mono PERC, and Bifacial modules, designed to meet the needs of various customers, from residential to industrial sectors. The company also provides Engineering, Procurement, and Construction (EPC) services, ensuring a comprehensive approach to solar project execution. Their commitment to quality is reflected in their rigorous manufacturing processes and certifications, positioning them as a significant player in the solar energy industry.

25. Goldi Solar Pvt. Ltd.

• Website: goldisolar.com
• Ownership type: Private
• Headquarters: Surat, Gujarat, India
• Employee distribution: India 100%
• Founded year: 2011
• Headcount: 201-500
• LinkedIn: goldi-solar-private-limited

Goldi Solar Pvt. Ltd., founded in 2011 and based in Surat, Gujarat, India, is a private company dedicated to the solar energy sector. With a workforce of approximately 927 employees, Goldi Solar focuses on the manufacturing of high-quality solar panels and inverters. They also provide Engineering, Procurement, and Construction (EPC) services, catering to businesses and organizations looking to transition to renewable energy. The company has established a strong global presence, exporting to over 20 countries and executing more than 10,000 projects, including rooftop installations and solar water pumps. Goldi Solar emphasizes quality in its manufacturing processes, ensuring that their products perform optimally across various climatic conditions. Their commitment to customer satisfaction and after-sales support has earned them a solid reputation in the industry.

26. PHONO Solar

• Website: phonosolar.com
• Ownership type: Private
• Headquarters: Nanjing, Jiangsu, China
• Employee distribution: China 78%, United States (USA) 4%, Australia 4%, Other 13%
• Founded year: 2008
• Headcount: 5001-10000
• LinkedIn: phono-solar

PHONO Solar, founded in 2008 and based in Nanjing, Jiangsu, China, specializes in the manufacturing and distribution of solar modules and related products. The company caters to a wide range of customers, including those in residential, commercial, and utility sectors, providing effective solutions for sustainable energy generation. PHONO Solar is part of the SUMEC Group, which is a subsidiary of the Fortune 500 corporation, China National Machinery Industry Corporation Ltd (Sinomach). The company has made significant strides in technological innovation and quality assurance, earning recognition as a Tier 1 PV module manufacturer by BNEF since 2014. It has also received accolades such as the PVEL Top Performer and Top Brand PV by EUPD Research. With a strong commitment to research and development, PHONO Solar continues to enhance its product offerings and maintain a competitive edge in the solar energy market.

27. Photon Energy Systems Ltd

• Website: photonsolar.in
• Ownership type: Private
• Headquarters: Hyderabad, Telangana, India
• Employee distribution: India 100%
• Founded year: 1995
• Headcount: 201-500
• LinkedIn: photon-energy-systems-ltd

Photon Energy Systems Ltd, based in Hyderabad, Telangana, India, is a private company founded in 1995. It specializes in solar energy solutions, focusing on the manufacturing of photovoltaic (PV) modules and thermal products. The company caters to a wide range of customers, including industrial and power companies, as well as individual consumers seeking renewable energy options. Photon Energy Systems Ltd operates by not only producing solar products but also offering comprehensive installation and maintenance services. Their product line includes PV modules certified under IEC standards, solar smart systems, and thermal products such as flat plate and evacuated tube collectors. The company has established a significant customer base, including notable power companies like Tata Power and NTPC, and has executed numerous solar power projects across India. With a workforce of around 103 employees, Photon Energy Systems Ltd continues to contribute to the solar energy sector with its innovative solutions and extensive experience in the field.

28. Seraphim Solar

• Website: seraphim-energy.com
• Ownership type: Private
• Headquarters: Changzhou, Jiangsu, China
• Employee distribution: China 24%, Singapore 11%, South Africa 8%, Other 57%
• Founded year: 2011
• Headcount: 1001-5000
• LinkedIn: seraphim-solar-system-co-ltd

Seraphim Solar, founded in 2011 and based in Changzhou, Jiangsu, China, specializes in the manufacturing of solar photovoltaic products. The company produces a variety of solar cells and modules tailored for residential, commercial, and utility applications. With a production capacity of 12GW, Seraphim Solar has successfully installed nearly 30GW of modules worldwide, demonstrating its capability to meet the growing demand for renewable energy solutions. The company emphasizes innovation through its research and development efforts, focusing on advanced technologies such as TOPCon and PERC. Seraphim Solar has received recognition as a Tier 1 solar module maker by BNEF for ten consecutive years, underscoring its commitment to quality and performance in the solar industry. The company operates globally, with a workforce distributed across several countries, including China, Singapore, and South Africa, reflecting its international reach and operational scale.

Photovoltaic Materials Insights: Key Companies

Company	Headquarter	Size	Founded	Ownership
Suntech	Wuxi, Jiangsu, China	10001+	2001	Corporate
Rec	Singapore	1001-5000	1996	Corporate
Adani Solar	Ahmedabad, Gujarat, India	501-1000	2015	Private
Vikram Solar	Kolkata, West Bengal, India	1001-5000	2006	Private
Fronius International	Wels, Upper Austria, Austria	5001-10000	1945	Private
RenewSys India Pvt. Ltd.	Mumbai, Maharashtra, India	501-1000	2011	Private
EDF ENR PWT (Photowatt)	Bourgoin-Jallieu, Auvergne-Rhône-Alpes, France	51-200	1979	Corporate
Oxford PV	Oxford, England, United Kingdom (UK)	51-200	2010	Corporate
FuturaSun	Cittadella, Italy	11-50	2008	Private
Onyx Solar Energy	Ávila‎, Castile And León, Spain	51-200	2009	Venture Capital
Talesun Solar Technologies	Suzhou, Jiangsu, China	501-1000	2009	Private
EMMVEE Photovoltaic Power Private Limited	Bengaluru, Karnataka, India	501-1000	1992	Private
DMEGC Solar - Hengdian Group	Jinhua, Zhejiang, China	1001-5000	1980	Private
Loom Solar PVT. LTD.	Faridabad, Haryana, India	51-200	2018	Private
Lightyear	Venray, Limburg, Netherlands	51-200	2016	Venture Capital
ARTsolar	Pinetown, Kwazulu-Natal, South Africa	201-500	2010	Private
Heckert Solar GmbH	Chemnitz, Saxony, Germany	51-200	2001	Private
Heliatek	Dresden, Saxony, Germany	201-500	2006	Private Equity
AZUR SPACE Solar Power GmbH	Heilbronn, Baden-Württemberg, Germany	201-500	2002	Corporate
Eoplly New Energy Co., Ltd	Nantong, Jiangsu, China	1001-5000	2005	Private
SOLARWATT Germany	Dresden, Saxony, Germany	501-1000	1993	Private
BIPVco	Newport, Wales, United Kingdom (UK)	11-50	2014	Private
Solbian Energie Alternative Srl	Italy	11-50	2007	Private
Cosmic Pv Power Pvt Ltd	Surat, Gujarat, India	201-500	2020	Private
Goldi Solar Pvt. Ltd.	Surat, Gujarat, India	201-500	2011	Private
PHONO Solar	Nanjing, Jiangsu, China	5001-10000	2008	Private
Photon Energy Systems Ltd	Hyderabad, Telangana, India	201-500	1995	Private
Seraphim Solar	Changzhou, Jiangsu, China	1001-5000	2011	Private

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