Solar Panel Recycling Companies: Leaders, Top & Emerging Players and Strategic Moves

Solar panel recycling leaders like SOLARCYCLE, First Solar, and Veolia focus on technological process improvements, regional reach, and strategic partnerships to compete. These companies differentiate by advancing recycling rates, forming circular supply chains, and expanding recovery services. Our analyst perspective offers actionable competitive insights for procurement teams. For the full analysis, see our Solar Panel Recycling Report.

KEY PLAYERS
Veolia Environnement SA First Solar Inc. PV Cycle Reclaim PV Recycling Pty Ltd ROSI Solar
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Top 5 Solar Panel Recycling Companies

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    Veolia Environnement SA

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    First Solar Inc.

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    PV Cycle

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    Reclaim PV Recycling Pty Ltd

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    ROSI Solar

Top Solar Panel Recycling Major Players

Source: Mordor Intelligence

Solar Panel Recycling Companies Matrix by Mordor Intelligence

Our comprehensive proprietary performance metrics of key Solar Panel Recycling players beyond traditional revenue and ranking measures

This MI Matrix can diverge from simple revenue rank lists because it weights practical execution signals that buyers feel during decommissioning. Strong scores often reflect verified collection reach, stable processing access, and credible documentation that stands up during audits. Capability indicators that matter include repeatable high recovery outputs, owned or contracted capacity that can absorb repowering spikes, multi region compliance readiness, and reliable chain of custody reporting. Solar panel recycling buyers typically need pickup logistics, certified treatment, and a clear certificate trail that proves lawful disposition. In regulated places like Washington, approved stewardship plans and time limits for storage can directly change which providers are usable for a project schedule. The MI Matrix by Mordor Intelligence is better for supplier and competitor evaluation than revenue tables alone because it highlights who is most likely to deliver compliant outcomes under real world constraints.

MI Competitive Matrix for Solar Panel Recycling

The MI Matrix benchmarks top Solar Panel Recycling Companies on dual axes of Impact and Execution Scale.

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Analysis of Solar Panel Recycling Companies and Quadrants in the MI Competitive Matrix

Comprehensive positioning breakdown

Veolia Environnement SA

Policy momentum is turning PV waste into a contracted service line rather than a discretionary disposal task. Veolia, a leading service provider, points to its early PV recycling footprint in France and highlights high recovery rates as proof that PV materials can reenter glass and metals supply chains. Regulatory pressure on hazardous substances raises the value of permitted handling and documented downstream flows. A realistic upside case is broader extended producer responsibility outside Europe that favors scaled operators with compliant logistics. A key risk is uneven feedstock timing, which can leave specialized lines underutilized between major repowering waves.

Leaders

First Solar Inc.

Recycling is positioned as a design and customer promise, not an afterthought added at decommissioning. First Solar, a major OEM, publishes claims of high material recovery and maintains a multi region recycling footprint tied to its thin film product system. Compliance risk is manageable when takeback is embedded in contracts, yet it still depends on consistent transport rules for cross border shipments of used modules. If US state stewardship rules spread, the company can convert policy into stickier customer relationships through bundled end of life services. The main operational risk is that non First Solar modules may not fit its optimized recycling lines, limiting volume flexibility.

Leaders

PV Cycle

Collection performance matters as much as processing yield because missing modules create both legal and reputational exposure. PV Cycle organizes takeback and reporting in Europe and shows processed tonnage in its latest annual disclosures. Regulation is shifting toward tighter traceability and clearer handling of second life exports, which increases the value of an audited chain of custody. A plausible growth path is expansion of harmonized compliance models into new countries that copy WEEE style rules. The main weakness is dependence on downstream contractors for treatment capacity, which can constrain service levels during sudden repowering spikes.

Leaders

Reiling Group

Capacity scale is increasingly the deciding factor when repowering waves arrive. Reiling is a top manufacturer of recycling services in Europe and public reporting highlights recognition for its PV recycling solution plus references to large dedicated facility capacity in Germany. As EU compliance expands in detail, high volume processing with consistent glass quality can become a preferred route for utility owners and compliance schemes. A realistic what if is tighter rules on exports of used modules, which would keep more volume local and support plant utilization. The risk is that rapid inflow surges can stress inbound logistics and create temporary storage and permitting constraints.

Leaders

TotalEnergies Renewables (Nextcycle JV)

Large asset owners can shape recycling outcomes by writing end of life requirements into EPC and O and M contracts. TotalEnergies, a diversified energy company, disclosed material North American solar portfolios in 2025 transactions, which implies a growing future stream of decommissioning activity to manage. A top player position can emerge if it uses that scale to standardize audits, approve recyclers, and buy recycled content across projects. The main risk is that recycling execution sits with contractors, so outcomes vary unless requirements are tightly enforced and verified. A plausible upside is bundling recycling readiness into financing, reducing future disposal uncertainty for buyers of project stakes.

Leaders

Solarcycle Inc.

Scale plans can change the economics if they are matched to real end of life volume timing. Solarcycle is a top operator in the US and public statements describe rapid growth in recycled panel counts plus expansion of processing lines in Texas. Its Georgia campus plan and supply agreements for recycled glass suggest a push toward closed loop inputs rather than downcycling. The upside case is winning multi year contracts from large asset owners that want certificates and measurable outcomes. A key risk is policy and incentive volatility, which can slow facility buildouts and force workforce adjustments.

Leaders

Frequently Asked Questions

What proof should I require from a solar panel recycler?

Ask for chain of custody documentation, downstream facility identification, and a certificate of recycling tied to shipment IDs. Also confirm how long the recycler may store panels before final processing under local rules.

How do state stewardship rules affect my choice of provider?

In Washington, panel sales and program approval timelines are set by state law and have been delayed to a later date, which changes near term compliance pressure. Even so, approved stewardship plans can still be a strong signal of readiness for future rules.

What drives solar panel recycling cost the most on real projects?

Logistics usually dominate, especially crating, loading, transport distance, and site access constraints. Costs also rise when panels must be treated as dangerous waste due to lead or cadmium designation risk.

Should I prioritize reuse over recycling for decommissioned modules?

Reuse can reduce waste faster, but it needs testing, traceability, and clear accountability for final disposition. Without controls, reuse channels can become untracked exports that increase future liability.

What recycler capabilities matter most for utility scale repowering waves?

Look for proven high daily throughput, surge pickup capacity, and stable downstream outlets for glass and metals. Also verify the provider can report project level metrics that satisfy investor and insurer audits.

How can OEMs reduce end of life risk for buyers today?

OEMs can bundle takeback into procurement, align with approved stewardship programs, and pre select compliant processors. This reduces buyer effort during decommissioning and improves documentation consistency across project portfolios.


Methodology

Research approach and analytical framework

Data Sourcing & Research Approach

We used company investor releases, annual reports, and official company sites, plus government and named journalist coverage when needed. Evidence was applied to both public and private firms using observable signals like facilities, certifications, contracts, and published volumes. When direct PV recycling financial splits were unavailable, we triangulated using capacity statements, stewardship approvals, and project commitments. Scoring reflects only the defined scope and geographies.

Impact Parameters
1
Presence & Reach

Determines whether a recycler can reach dispersed PV sites and run pickup, staging, and compliant transport across regions.

2
Brand Authority

Reduces buyer risk when lenders, insurers, and regulators scrutinize chosen recyclers and chain of custody practices.

3
Share

Proxies sustained PV recycling throughput, repeat contracts, and scheme participation where volume indicates real in field relevance.

Execution Scale Parameters
1
Operational Scale

Reflects dedicated PV lines, permitted facilities, and logistics assets that keep projects on schedule during repowering surges.

2
Innovation & Product Range

Captures post 2023 advances that improve delamination, purity, and closed loop reuse of silicon, silver, and solar glass.

3
Financial Health / Momentum

Indicates resilience to commodity swings and policy shifts that can otherwise interrupt service continuity and warranties.