In a notable achievement for an Indian company, Adani Solar has secured the sixth position in Wood Mackenzie’s ‘Global Solar Photovoltaic (PV) Module Manufacturer Rankings 2026’. Adani Solar was awarded a ‘Grade A’ classification by Wood Mackenzie for its strong performance in manufacturing, technology, financial health, supply chain resilience, and operational metrics. This places the Adani Group’s company as the highest-ranked Indian firm in the global assessment, highlighting India’s push to enhance domestic solar manufacturing capabilities and reduce reliance on imports.
Adani Solar, the solar manufacturing division of Adani New Industries Ltd (ANIL), has shown improvement from its previous eighth position in the rankings. It stands out as the sole Indian manufacturer to be featured in the top 10 globally, as per the report’s findings. The assessment by Wood Mackenzie evaluated 48 solar module manufacturers based on various criteria such as capacity utilization, technology advancement, financial stability, supply chain robustness, and operational efficiency.
The company is currently in the process of expanding its integrated manufacturing facility in Mundra, Gujarat, aiming to reach an annual capacity of 10 GW. Presently, Adani Solar operates with 2 GW of ingot and wafer capacity, along with 4 GW each of solar cell and module manufacturing capacity. Adani Wind, another entity under Adani New Industries Ltd (ANIL), is the sole Indian representative in the ‘Bloomberg NEF Global Top 15 wind turbine manufacturers list’. Additionally, there has been a significant 95% surge in domestic solar module sales to 1,459 MW during Q4 FY26 on a year-on-year basis.
Adani Solar has consistently received high ratings in independent assessments of solar module reliability conducted by Kiwa PVEL. The focus on renewable energy forms a crucial part of India’s medium-term strategy to reduce external energy dependency structurally, as highlighted in a recent report by Morgan Stanley. The country’s domestic module manufacturing capacity has witnessed rapid growth, supported by Production-Linked Incentive (PLI) schemes and customs duties. Recent data from the Ministry of New and Renewable Energy (MNRE) indicates a substantial increase in domestic solar manufacturing capacity, with module capacity escalating from 38 GW in March 2024 to 74 GW in March 2025, and cell capacity rising from 9 GW to 25 GW during the same period.
