Rhine Solar
Rhine Solar Limited is an Indian private manufacturer of monocrystalline and polycrystalline solar PV modules, operating a 1.4GW automated facility in Haryana and selling N-Type TOPCon and PERC P-Type panels through 500+ dealers across India, Canada, USA, Middle East, and South Africa.
- Company typePrivate
- Founded2014
- HeadquartersSonipat, India
- Headcount11–50
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Rhine Solar does
Rhine Solar Limited is an Indian private solar photovoltaic module manufacturer founded in 2014, headquartered in New Delhi (Shalimar Bagh) with a 1.4GW annual-capacity automated production facility in Hassangarh, Rohtak District, Haryana. The company designs and manufactures monocrystalline and polycrystalline solar modules across four primary product lines: M10-Type PERC P-Type 500/550 Wp modules (DCR and non-DCR variants targeted at government/PSU projects), M10R N-Type TOPCon 595 Wp modules, G12R N-Type TOPCon 620 Wp modules using 132 half-cut cells, and the flagship G12 N-Type 715 Wp module with 22-23% efficiency. Module engineering emphasizes India-specific resilience: dual EL testing with a zero-micro-crack guarantee, PID and LETID resistance for 30+ year service life, anti-thermal stress design for 50°C+ operation, salt-mist encapsulation for coastal sites, and mechanical certification to 5400Pa snow and 2400Pa wind loads.
Rhine Solar generates revenue through three primary streams: hardware sales of solar modules (both DCR and non-DCR variants), end-to-end Solar EPC services covering site assessment through commissioning, and specialized solutions including ground-mounted utility plants, floating solar, solar carports, and agricultural solar pumps. The go-to-market combines a 500+ dealer/distributor network spanning 22+ Indian states and 8 countries (India, Canada, USA, Middle East, South Africa) with direct enterprise sales for government, PSU, commercial, and utility-scale projects. Customer base spans large industrial and institutional buyers (NTPC, NHPC, Adani, BHEL, Havells, UREDA, UPNEDA, Sadbhav) and a long tail of distributed residential/commercial installations (15,000+ completed). The company is ALMM-enlisted, BIS-certified, IEC-qualified, ISO 9001/14001/45001-certified, CE-marked, and DCR-approved, making it eligible for Indian government programs including PM Surya Ghar and PM KUSUM. Ownership is founder-led (Managing Director Arjun Mehta, CEO/Owner), with no disclosed external venture or private equity investment.
Rhine Solar firmographics
Firmographics- Name
- Rhine Solar
- Legal name
- Rhine Solar Ltd
- Website
- https://rhinesolar.in
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Rhine Solar Limited is an Indian private manufacturer of monocrystalline and polycrystalline solar PV modules, operating a 1.4GW automated facility in Haryana and selling N-Type TOPCon and PERC P-Type panels through 500+ dealers across India, Canada, USA, Middle East, and South Africa.
- Ownership category
- akta.pro rank
Rhine Solar industry classification
Industry- Product category
- Solar Photovoltaic Modules Manufacturing
- NAICS
- Solar Electric Power Generation (221114)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- Solar PV Module Manufacturing (Cells, Modules, Thin-Film) (EUAMABAD)
- akta.pro secondary industries
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG)
Keywords
Where Rhine Solar is headquartered
LocationHeadquarters
- HQ city
- Sonipat
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Rhine Solar business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Solar Module Sales: Sale of photovoltaic solar modules including M10-Type (500-550 Wp), M10R N-Type TOPCon (595 Wp), G12R N-Type TOPCon (620 Wp), and G12 N-Type (715 Wp) panels. Both DCR (Domestic Content Requirement) and Non-DCR variants available for different project requirements.
- Solar EPC Solutions: End-to-end Engineering, Procurement, and Construction services for solar installations including site assessment, system design, procurement, installation, testing, commissioning, and maintenance. Covers rooftop (residential, commercial, industrial) and utility-scale ground-mounted systems.
- Diverse Solar Solutions: Specialized solutions including ground-mounted solar power plants, solar pump systems for agriculture, floating solar systems, and solar carport systems.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | M10-Type 500 Wp & 550 Wp - PERC P-Type modules |
| Unit Pricing | Multi-year contract | M10R N-Type 595 Wp - TOPCon technology |
| Unit Pricing | Multi-year contract | G12R N-Type 620 Wp - TOPCon technology |
| Unit Pricing | Multi-year contract | G12 N-Type 715 Wp - TOPCon technology |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Rhine Solar product offering
Product offeringCore offering
Rhine Solar manufactures monocrystalline and polycrystalline photovoltaic solar modules (ranging from 40W poly panels to 715W G12 N-Type TOPCon panels) at a 1.4 GW automated facility in Haryana, India. The company provides turnkey Solar EPC (Engineering, Procurement, Construction) services covering site assessment, system design, procurement, installation, commissioning, and maintenance for residential, commercial, industrial, institutional, and utility-scale projects. Modules are sold in both DCR (Domestic Content Requirement) and Non-DCR variants for government and private sector customers, distributed through a 500+ dealer network across 6+ countries.
Product overview
Rhine Solar is a solar module manufacturer offering a portfolio of four main product lines spanning PERC P-Type and N-Type TOPCon technologies. The lineup includes: M10-Type 500/550 Wp (DCR PERC P-Type for government projects), M10R N-Type 595 Wp (TOPCon for enhanced efficiency), G12R N-Type 620 Wp (high-power TOPCon with half-cut cells), and G12 N-Type 715 Wp (flagship mono PERC module with highest power output). Both DCR and non-DCR variants are available across the range. The company also offers entry-level polycrystalline panels (40W-100W) for basic applications.
Differentiator
Problem solved
Functional benefit
Products and services
- M10-Type 500 Wp & 550 Wp Solar Module DCR-compliant solar modules built on PERC P-Type cell technology, delivering 485W-555W power output for government, utility-scale, and subsidy-linked rooftop solar projects in India. Available in both DCR and Non-DCR variants.
- M10R N-Type 595 Wp Solar Module N-Type TOPCon (Tunnel Oxide Passivated Contact) solar module delivering 580W-600W power output using next-generation high-efficiency cell technology with an ultra-thin tunnel oxide layer and passivated contact structure for higher efficiency than traditional PERC.
- G12R N-Type 620 Wp Solar Module High-power N-Type TOPCon photovoltaic panel using large G12R rectangular wafers with 132 half-cut cells, delivering 610-625W power output with superior efficiency and reduced power losses.
- G12 N-Type 715 Wp Solar Module Monocrystalline PERC/TOPCon solar module delivering 700W-715W power output with 22-23% efficiency, designed for superior performance with higher efficiency, better temperature tolerance, and longer lifespan compared to conventional panels. Also available in a DCR variant.
- 40W - 100W Polycrystalline Solar Panel Entry-level polycrystalline solar panels providing 40W-100W power output for basic solar applications.
- Solar EPC (Engineering, Procurement, Construction) Solutions End-to-end solar EPC services covering site assessment, system design, procurement, installation, testing, commissioning, and maintenance for rooftop (residential, commercial, industrial), institutional, and utility-scale ground-mounted solar systems.
- Specialized Solar Solutions (Ground-mounted, Solar Pumps, Floating Solar, Solar Carports) Specialized solar solutions including ground-mounted solar power plants, solar pump systems for agriculture, floating solar systems, and solar carport systems for differentiated customer segments.
Quantifiable outcome
- 1.4GW annual manufacturing capacity
- +3 more outcomes
Companies that use Rhine Solar
Customer profileNamed customers16 records
Segments8 records
Ideal customer profiles5 records
Rhine Solar technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature9 records
Rhine Solar partnerships and signals
Strategic signalScale indicators8 records
Recent moves6 records
Expansion highlights5 records
Rhine Solar competitors and assessment
Company assessmentDirect peers
- Waaree Energies: Largest Indian solar module manufacturer with multi-GW capacity, offering TOPCon and bifacial modules and EPC services across utility, commercial, and residential segments — directly comparable line of business.
- Vikram Solar: India-based PV module and cell manufacturer with utility-scale and rooftop EPC; comparable TOPCon/PERC product portfolio and ALMM-grade positioning.
- Goldi Solar: Indian module manufacturer with P-Type and N-Type TOPCon product lines and EPC focus on rooftop and C&I — closely comparable product and customer set to Rhine Solar.
- Premier Energies: India-headquartered solar cell and module manufacturer with significant TOPCon capacity and a similar mix of DCR/non-DCR product lines targeting Indian government and private projects.
- Jakson Group: Indian solar EPC and module integration company with utility-scale, commercial, and rooftop offerings; overlaps with Rhine Solar's direct-EPC project channel and government customer relationships.
- RenewSys India: Indian manufacturer of solar PV modules, encapsulants, and backsheets supplying Indian and export markets; comparable product architecture and ALMM positioning.
Broad incumbents
- Adani Solar: Subsidiary of the Adani Group with vertically integrated cell-and-module manufacturing and large-scale utility project development; broader portfolio but overlapping Indian utility and DCR markets where Rhine also competes.
- Tata Power Solar Systems: Vertically integrated Indian player in module manufacturing, EPC, and IPP project ownership; competes head-to-head for the same DCR-eligible government and rooftop programs.
- Trina Solar: Global Tier-1 module manufacturer with extensive TOPCon capacity; competes with Rhine Solar for export channels and large utility contracts outside India.
- LONGi Green Energy: World's largest wafer-to-module solar manufacturer, leading the TOPCon transition; sets the global ASP benchmark that compresses margins for smaller players like Rhine Solar.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Rhine Solar social profiles
Digital presenceRhine Solar compliance and trust
Trust signalCompliance8 records
Rhine Solar financial estimates
Financial estimateRevenue estimate
Valuation estimate
Rhine Solar leadership team
Management profileNumber of profiles
Profiles1 record
Rhine Solar funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Rhine Solar M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Rhine Solar
What does Rhine Solar do?
Rhine Solar manufactures monocrystalline and polycrystalline photovoltaic solar modules (ranging from 40W poly panels to 715W G12 N-Type TOPCon panels) at a 1.4 GW automated facility in Haryana, India. The company provides turnkey Solar EPC (Engineering, Procurement, Construction) services covering site assessment, system design, procurement, installation, commissioning, and maintenance for residential, commercial, industrial, institutional, and utility-scale projects. Modules are sold in both DCR (Domestic Content Requirement) and Non-DCR variants for government and private sector customers, distributed through a 500+ dealer network across 6+ countries.
Is Rhine Solar a public or private company?
Rhine Solar is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Rhine Solar founded?
Rhine Solar was founded in 2014. It employs 11 to 50 people.
Where is Rhine Solar based?
Rhine Solar is headquartered in Sonipat, India, in the Asia region.
How does Rhine Solar make money?
Three revenue lines are on record. Solar Module Sales are the primary driver. The others are solar EPC Solutions and diverse Solar Solutions.
Who are Rhine Solar's main competitors?
Direct peers on record are Waaree Energies, Vikram Solar, Goldi Solar, Premier Energies, Jakson Group and RenewSys India. Broad incumbents are Adani Solar, Tata Power Solar Systems, Trina Solar and LONGi Green Energy.
Does Rhine Solar have an API?
No public API is recorded for Rhine Solar.
What industry is Rhine Solar in?
Rhine Solar's product category is Solar Photovoltaic Modules Manufacturing. Its primary akta.pro industry code is EUAMABAD, Solar PV Module Manufacturing (Cells, Modules, Thin-Film), with a secondary code of EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System). Its NAICS code is 221114 and its SIC code is 3600.