Adani Solar only Indian company to enter Wood Mackenzie's global top 10 ranking of solar panel companies

Adani Solar has become the only Indian company to feature in Wood Mackenzie's Global Solar Module Manufacturer Ranking for the first half of 2025.

Adani Solar ranks No.8 on Wood Mackenzie Global Solar Module Manufacturer ranking

The solar photovoltaic manufacturing arm of Adani New Industries Limited (ANIL) was assigned a Grade A classification by the global energy and natural resources consultancy.

The company was ranked No.8 on the Wood Mackenzie Global Solar Module Manufacturer Ranking.

Wood Mackenzie has released its latest "Global Solar Module Manufacturer Ranking" report for the first half of 2025, which assesses solar panel firms on shipments, bankability and performance.

JA Solar and Trinasolar jointly attained the top rank, with scores of 91.7 and 91.6, respectively, according to the report, which evaluated 38 manufacturers of crystalline silicon modules.

Adani Solar had scored 81 points.

Wood Mackenzie evaluates manufacturers on 10 criteria, including third-party reliability testing, financial health, manufacturing track record and patent activity.

The Grade A rating is an independent benchmark for companies meeting the industry's highest standards of performance and transparency.

Adani Solar's rating reflects strong performance across parameters such as technology capability, supply chain resilience, vertical integration, research and development, environmental, social and governance practices, and corporate responsibility.

While Chinese companies continue to dominate the global top 10, the report indicated a diversifying competitive landscape with representation from India, South Korea, Singapore and the United States.

Adani Solar has also turned out to be a Top Performer by Kiwa Photovoltaic Evolution Labs for the eighth consecutive year, named a Top Brand Photovoltaic 2025 by EUPD Research. 

It also maintained Tier 1 status with Bloomberg New Energy Finance, including in the third quarter of 2025.

India's solar manufacturing capacity has expanded from less than 2.5 GW in 2014 to over 140 GW in 2025. The country now ranks third globally in installed solar manufacturing capacity and is the world's third-largest solar power producer.

The country has surpassed its Paris Agreement commitment ahead of schedule, with non-fossil fuel sources now accounting for 51.5% of the country’s installed power capacity, achieving the 2030 target five years early. It remains firmly on track to reach 500 GW of non-fossil capacity by the end of the decade.

Also read: Deloitte to hire 50,000 more employees in India, “We will come to Mangaluru,” says South Asia CEO Romal Shetty (startuppedia.in)