Emmvee Photovoltaic Power Limited is one of India’s leading solar energy companies and the second-largest pure-play integrated solar photovoltaic (PV) module and cell manufacturer in the country, with over 18 years of operational track record. As of June 30, 2025, the company had a solar PV module production capacity of 7.80 GW and a solar cell capacity of 2.94 GW, making it one of the largest solar module manufacturers in India (Source: CRISIL Report).

Emmvee was among the first Indian companies to adopt Tunnel Oxide Passivated Contact (TOPCon) technology for solar cell manufacturing — a high-efficiency innovation that enhances module quality and performance. Its portfolio includes bifacial and monofacial formats of TOPCon and Mono PERC modules, catering to diverse applications across utility-scale, commercial, and industrial projects.

Manufacturing Infrastructure

The company operates four state-of-the-art manufacturing facilities across two locations in Karnataka, spread over 22.44 acres. Its Dobbaspet, Bengaluru solar cell manufacturing unit is among India’s largest TOPCon solar cell facilities.

Emmvee integrates sustainability into its production, employing a zero-liquid discharge system that achieves 96.8% water recovery. Ongoing expansion includes a 2.5 GW new module line at Sulibele (to be operational in FY 2026) and an additional 6 GW integrated solar cell and module facility at ITIR Phase-II, Bengaluru (targeted for H1 FY 2028). These expansions will enhance total capacity to 16.3 GW for modules and 8.94 GW for cells.

Customers and Order Book

Emmvee serves a diverse clientele across Independent Power Producers (IPPs), commercial and industrial (C&I) customers, and EPC providers. Its key clients include Ayana Renewable Power, Clean Max, Hero Rooftop Energy, Aditya Birla Renewables, KPI Green, Prozeal Green Energy, and Blupine Energy, among others.

As of June 30, 2025, Emmvee maintained an order book of 5.36 GW, including projects from both domestic and international markets. The order book has expanded at a CAGR of 209% between FY 2023 and FY 2025, underscoring strong market demand and customer confidence.

Key Strengths

i) Second-largest integrated solar PV manufacturer in India.
ii) Early mover in high-efficiency TOPCon cell technology.
iii) Strong ALMM-certified market presence and access to DCR-linked projects.
iv) Sustainable, scalable manufacturing ecosystem with German R&D collaboration.
v) Diverse customer base with a growing 5.36 GW order book.

To be updated shortly

To be updated shortly