EPC stands for “Engineering, Procurement, and Construction.” It is a contract model used in the construction and engineering industry. Under an EPC contract, the contractor-
- Designs
- Procures necessary materials and equipment
- Constructs the project
This includes everything from conceptual design to final construction, as well as any necessary testing, commissioning, and start-up activities.
Why do Solar EPC companies matter?
A solar EPC company specializes in end-to-end services for designing, installing, and commissioning solar power plants. They have expertise in areas such as site assessment, procurement of components, engineering and design, testing and commissioning, construction and installation, and project management.
Solar EPC companies are also responsible for sourcing the best components and materials for solar power plants, which includes sourcing solar panels, inverters, batteries, and other equipment. Moreover, they leverage their expertise and relationships with suppliers to negotiate the best deals on behalf of their clients.
Given the complexity of solar EPC projects, a high level of technical expertise and project management skills is crucial for success. It is therefore essential to collaborate with experienced and reputable solar EPC contractors. In this blog, we present the top 6 solar EPC companies in the world.
Top 6 Solar EPC Companies in the World
6. Sterling and Wilson, India
Revenue – $395.3M
Number of employees – 5,001 to 10,000
Sterling and Wilson started as Wilson Electric Works in 1927 and merged with Sterling Investments in 1971 to form the EPC powerhouse it is today. Beginning with large-scale projects in the Middle East, they expanded into the Asian subcontinent and other regions. This has allowed them to establish a strong presence in Europe, the Middle East, Africa, America, and Australia. Sterling and Wilson Solar Limited, began in 2011 and aimed to understand the growing renewable energy market and become a leading global EPC solutions provider. As a solar EPC company, they have provided over 262 solar projects globally, ranging from 1 MWp to 1,177 MWp.
5. SOLV Energy, United States
Revenue – $618.7 Million
Number of employees – 3,000
Founded in 2008, SOLV Energy, formerly known as Swinerton Renewable Energy, was inspired to bring clean energy solutions to their partners. Starting with commercial installations, they quickly pivoted to utility-scale projects to make a positive impact. Over the years, SOLV has created job opportunities and supported communities in need across America and abroad by building over 10 GW of solar energy projects.
4. Tata Power Solar, India
Revenue -$945.02M
Number of employees – 1,001 to 5,000
In 1989, Tata Power and BP Solar collaborated to establish Tata BP Solar. Tata was the first company in India to upgrade cell manufacturing with plasma-enhanced vapor deposition systems. In 2007, Tata BP Solar became the largest cell manufacturer in India, increasing its capacity to 52 megawatts (MW). They have been recognized as the Industrial Leader in the TATA Business Excellence Model (TBEM Assessment) 2020. Moreover, Tata BP Solar has received India’s largest solar EPC order, contributing to India’s sustainability goals.
3. Rosendin Electric, United States
Revenue – $2.0B
Number of employees – 7,000
Rosendin Electric began in 1919 when Moses Rosendin wired the first irrigation pumps in Silicon Valley. Over the last fifteen years, Rosendin has helped harness nearly 32 gigawatt (GW) of clean energy. They have completed around 145 wind energy projects throughout the United States and Canada, which range from 1 megawatt (MW) to 800 megawatts. Additionally, they possess extensive design-building expertise and turnkey EPC capabilities, having completed over 330 projects in the United States, Canada, Puerto Rico, and Guam. Rosendin Electric also has a long-standing history of installing Battery Energy Storage Systems across various market applications.
2. First Solar, United States
Revenue – $2.619B
Number of employees – 6,400
First Solar was founded in 1999. It is a leading American solar technology company and a global provider of eco-friendly solar modules. Among the world’s ten largest solar manufacturers, First Solar is the only US-headquartered company. The company’s thin-film photovoltaic (PV) modules represent the next generation of solar technology with high performance and lower carbon alternatives to conventional crystalline silicon (c-Si) PV panels. First Solar has the largest solar manufacturing footprint in the Western Hemisphere, located in Ohio, USA. Additionally, they are expanding to a fourth American manufacturing facility, expected to be commissioned in the US Southeast in 2025.
1. TBEA, China
Revenue – $10.3B
Number of employees – 24,000 +
TBEA started in 1938 and was the first power transformer manufacturer in China. Over the years, the company has emerged as a prominent provider of solar PV systems and wind power projects. It ranked number 1 globally in terms of installed capacity for PV EPC projects for three consecutive years. TBEA invests 4% of annual sales in technological innovations and breakthroughs. They specialize in delivering exceptional solutions and improving energy efficiency for clients who are new to the energy industry.
The company not only possesses core business capabilities in EPC projects but also engages in project resource development. Their business areas include engineering development, consulting, design, construction, and the development of fishing-solar / wind-solar / farming-solar, and complementary power stations, among others. TBEA is renowned for its quality services characterized by optimal design, efficiency, fast construction, and reliable quality.
Conclusion
In summary, solar EPC companies are crucial to the renewable energy sector. They not only help streamline project management but also reduce the risk of costly delays and errors. Well-executed projects can ensure reliable power generation that can meet the increasing energy demands of the world.
Learn more about the renewable sector by reading our blogs and staying up to date with what’s happening through our industry news.
Get in touch with us to learn more about the Solar and EV industry!