Top Solar Energy Companies

The global solar energy industry is experiencing rapid expansion driven by a faster than average development in photovoltaic (PV) technologies, the introduction of supportive governmental policies and as the world is turning to renewable and sustainable sources of energy. As countries seek to reduce carbon emissions and pursue net-zero objectives, solar energy is one of the most viable and available methods in the renewable energy toolbox.

Industry Overview

According to SkyQuest Technology “Solar Energy Market By Technology (Photovoltaic (PV) Systems, Concentrated Solar Power (CSP)), By Component (Solar Modules, Inverters), By Solar Module Type (Monocrystalline, Polycrystalline), By Installation Type, By Grid Type, By Application, By End User, By Region - Industry Forecast 2025-2032,” Global Solar Energy Market is projected to grow at a CAGR of over 7.1% by 2032, on account of urgent need for automating quantified data. The market is facilitated by an increasing deployment of energy storage systems that can provide reliability and continuity of supply during non-sun time as a solution to the inertia of a primary disadvantage to the renewable energy source.

Top 10 Global Solar Energy Companies

1. LONGi Green Energy Technology Co., Ltd.

Founded in 2000 and based in Xi’an, China, LONGi Green Energy Technology Co., Ltd. is one of the largest manufacturers of monocrystalline silicon wafers and solar modules in the world. The company has established a strong presence in the solar value chain; manufacturing wafers and providing complete PV system solutions. LONGi products are known for their high-efficiency, and the company is constantly innovating solutions for the solar technology market such as bifacial and high-power modules.

2. Tongwei Co., Ltd.

Founded in 1984 and headquartered in Chengdu, China, Tongwei Co., Ltd. is a diversified company that primarily operates in photovoltaics and aquaculture. In the solar segment, Tongwei is a leading global producer of high-purity polysilicon, which is a critical input in the manufacturing of solar cells and therefore the most common input for solar panels.

3. JA Solar Technology Co., Ltd.

Founded in 2005 and headquartered in Beijing, China, JA Solar Technology Co., Ltd. is a global supplier of high-performance solar cells, modules, and photovoltaic power application solutions. JA Solar supplies customers in over 100 countries/regions, and focus on innovations, reliability and energy conversion efficiencies.

4. JinkoSolar Holding Co., Ltd.  

Founded in 2006 and based in Shanghai, China, JinkoSolar Holding Co., Ltd. is one of the world's largest and most innovative manufacturers of solar photovoltaic (PV) modules. The company has a fully integrated production chain and sells its high-quality PV products and solutions to customers worldwide. JinkoSolar's commitment to research and development, technology enhancements, and sustainable manufacturing practices has propelled it to its position as a leading manufacturer of solar PV modules in global module shipments. 

5. Trina Solar Co., Ltd. 

Founded in 1997 and headquartered in Changzhou, China, Trina Solar Co., Ltd. is a global leader in solar modules, smart energy solutions, and system integration. The company has been at the forefront of breaking world records for efficient PV module efficiency and power output. Trina Solar has developed a portfolio of residential, commercial, and large-scale utility projects, and innovative solutions in solar tracking systems and storage solutions.

6. Canadian Solar Inc. 

Founded in 2001, Guelph, Canada-based Canadian Solar Inc. is a leading manufacturer of solar PV modules and a global developer of large-scale solar and energy storage facilities. With extensive operations in more than 20 countries, Canadian Solar has established a strong presence in the manufacturing and project development portions of the industry.

7. First Solar, Inc.

Founded in 1999 and headquartered in Tempe, Arizona, First Solar, Inc. is a major American solar technology manufacturer focusing on thin-film photovoltaic modules based on cadmium telluride (CdTe). While many other firms focus on crystalline silicon technologies, First Solar's thin-film approach shows less degradation in hot and humid climates, potentially producing better available power than crystalline products.

8. Risen Energy Co., Ltd.

Founded in 1986 and headquartered in Ningbo, China, Risen Energy Co., Ltd. is an integrated solar energy company that focuses on research, development, manufacture, and sale of photovoltaic products. The company sells high-efficiency modules, energy storage products, and EPC (engineering, procurement, and construction) services for solar projects around the world.

9. Hanwha Q Cells Co., Ltd.

Founded in 1999 in Seoul, South Korea, Hanwha Q Cells Co., Ltd. is one of the leading global suppliers of high-performance solar cells, modules, and integrated energy solutions.

10. SunPower Corporation

Founded in 1985 and headquartered in San Jose, California, US, SunPower Corporation is a leading supplier of solar technology and energy services business that markets high-efficiency solar panels and integrated solar technology-based solutions. The company involves itself predominantly in residential and commercial solar systems and offers complete Design, Build, and Monitor (“DBM”) end-to-end residential and commercial renewable energy services.

Other Leading Global Solar Energy Companies

• Adani Solar
• REC Solar Holdings AS
• Talesun Solar Technologies Co., Ltd.
• GCL-Poly Energy Holdings Limited
• Sungrow Power Supply Co., Ltd.
• Enphase Energy, Inc.
• SolarEdge Technologies, Inc.
• Sharp Corporation (Energy Solutions Division)
• LONGi Solar Technology GmbH (Europe Subsidiary)
• Azure Power Global Limited
• Seraphim Solar System Co., Ltd.
• EGing Photovoltaic Technology Co., Ltd.

Conclusion

In summary, the global solar energy market is likely to continue growing due to the increasing demand for clean, renewable, and affordable sources of energy. Ongoing advancements in technology, lowering costs of components and supplies, and solid and supportive policies from governments across the globe, are strengthening the long-term growth prospects of this market. There is a strong likelihood that solar energy will play a role in the decarbonization and energy transition strategies, as solar power continues to increase in efficiency and accessibility. The continuing development of solar power to integrate with energy storage systems, smart distribution grids, and electric mobility solutions, is adding to its value proposition.