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INDIA SOLAR

MAP 2015

www.bridgetoindia.com

Launch partner

Premium sponsor

Total utility scale solar capacity as of September 2015 (MW)


CSP

Central PV allocation

State PV allocation

Other PV

Commissioned (Comm.)
219

4,678 MW

JAMMU & KASHMIR

1,330

2,064

1,066

Projects under development (PUD)

862

8,707 MW
280

Tenders in progress (Tenders)

222
9

300

16

862

Comm.

PUD

3,760

PUNJAB

29

UTTARAKHAND

150
266

5
5
Comm.

29

ASSAM

PUD

55
65

910

19

3
153

55

150

Comm.

PUD

Tenders

DELHI

HARYANA

5
Comm.

146

565

300

195

224
Comm.

811

10

910

Comm.

PUD

Tenders

150

130
PUD

100

UTTAR PRADESH

112
14

395

100

Comm.

PUD

Tenders

MEGHALAYA

250

370
PUD

127

150
Tenders

600
MW

2,700
MW

10
PUD

130

RAJASTHAN

10

670

10

395

2
2

BIHAR

50

35

474

4,060 MW

197
1,295

7,953

MADHYA PRADESH

250
Tenders

JHARKHAND

18

16
Comm.

1,031

128

750
MW

700
MW

WEST BENGAL

150 MW

7
7
Comm.

40

35

250
500

40
Comm.

CHATTISGARH

GUJARAT

863
250
Tenders

ODISHA

136

1,000
MW

50
200
40
67
Comm.

10
PUD

500
Tenders

40

80

33
Comm.

35
PUD

971

246

50

35

930

111

200 MW

TELANGANA

155
10

2,580
116

MAHARASHTRA

1,750

78
5

403

33
5
Comm.

76
5
Comm.

34

41

2,500

661

PUD
50

ANDHRA PRADESH

117

KARNATAKA

13
15

896

Comm.

PUD

2,500
MW

1,600
MW

44

260

1,750

Comm.

PUD

Tenders

2,040

40

225

Risk profile of Distribution Companies


(as per CRISIL, 2013)
High Medium low

13

KERALA

13

188
11

Comm.

TAMIL NADU

Solar parks being developed by


Solar Energy Corporation of India (Capacity)

26

2,000

Comm.

PUD

All figures in MW

Cumulative market shares

HITA

R 4.5%
TATA POWER SOLA

LAN
CO 3
.6%

15
.2%
LI
LIO

4.5%

R4
.2%
OL
A
ER
S

JINKO 4.6%

BAER

TA
TA
PO
W

SER

SWELECT
0.6%
VIKRAM 0.
7%
APEX CLOTHING 0.7
%

L&

AN

> 250 MW installed

OLA

www.solarcapital.co.za

LOWEST COST
SOLAR POWER
PRODUCER

S
ENE

tumul@solarcapital.co.za

MA

DI

GRID SCALE >50MW


INDEPENDANT
POWER PRODUCER
Mr Tumul Dwivedi (Country Representative)

NA

SM

CA

D
IN

MO
5.5%

AA

RA

6.7
%

%
3.4

%
5.9

0%
4.
R
6.4%

P
OU
GR
Y
T
EC
DA
IR
TO HA
ED
IR
1% RO
1. 1% OLA NCE
D
1. % S LIA
YO
1.1 % RE NJ LL
1.0 % PU O
1.0 % HER NI
0.9 ADA
0.9% IL&FS
0.9% LANCO
Y
0.9% IRAN ENERG
0.9% K HINDRA
0.8% MA
0.8% SEMBCORP
0.8% MADHAV INFRA

E
RE

9.
3%

CSUN

IN
CH

%
3.3

3.6
%

.5%
T3

EE

AAR

WI

.1%
IDER 8

SCHNE

JU

3.4%

X 2.6%

FIG

VEE

EMM

EP

REFE

.4%
22

1.9%
MA
LPA
1.7
NI
%
AD
1.3
ITY
%
1.
AB
T
IRL
1. 1% ATA
1% RE
A
PO
WE
W NE
AN W
R
EE
P

.2%
31

lf
Se

RAYS EXPERTS 2.4%

BO
N

SU

PPL

UJAAS 2.2%

10.0% TRIN
A

.7%
SHARP 2

2.0%
HP

AB

CHI 7
.1%

VIKRAM SOLAR 2.7%

ENT

.3%
30

VE

LA

1.
5
1.5 %
IL
%
MS
1.5
OL
%
AR
1.8
%
ENR
ICH
1.9%
HARSH
A ABA
KUS 2
.0%

ME

RA

G4
.2%

SO

PO
IN WE
FR R
A 3.4
%

ON
NE
DI
S

5.4
%A

4.
6%

HA 2.6
%

VIK

AE

EM

RU

RA
YS

.6%
15

S
IR

.7%
RS 5
OTHE
0.5%
AR .6%
SOL N 0 .7%
IBCPHOTORIC 00.7%%
T R .7
LEC IE 0 8%
BE REM SCHR 0. .9%
P
BO WE S 0 .4%
PO OL L 1
ON TR HE
KS HEM
B
C

HANW

2.3% TO
RR

| +91 11 6654 4708

LA

SO

CI

9%
2.

2.5% NTPC

OS

2.7% E

ER

LI

NCO

AGE

FRA
SSEL IN

NT

1.
3
CN
1.3 %
NE
P
XP
V1 %
OW
.3%
ER
2.1
%
YIN
GLI
2.3%

MAH
3.4%

TI

PO

HE

ON

E
CM

Both

JA

DU

FR

Thin film

EI

Crystalline

TM

LA

%
3.8

OTHERS 44.4%

SU

SO

EPC contractors

Inverter suppliers

7.6% OT
HERS

Module suppliers

.1%
OTHEROSL 10.4%
REFUS P 0.5%
SHABREA 0.5%
T W 0.5%
GRO 0.6%
SUN TEK 8%
.
L
0
E
%
TA
DEL NO 0.9 %
9
TER NS 0. 0%
E
SAN
1.
M
SIE TCON
%
2.5
A
C
ST

ZU
RE

Project developers

BYD 0.5%
5%
HAREONO 0.
0.5%
SCHEUCAR 0.6%
SOL A 0.6%
SHAN
%
OV
EINN EL 0.6 %
WEBLAR 0.7.7%
0
O
QS SUTTEN 0.8%%
K
SCH LDEL 0.8.0%
BH CH 1 .0%
E C 1 2%
.
NT
RE L 1 .2%
SU
EL S 1
NW AA
UJ

7.6% WELSPUN

(for projects commissioned until August 2015)

ST

ER

LIN

G&

WI

LS

ON

First Solar

ABB

Mahindra Susten

11.00

Acme

Trina

SMA

S&W

10.00

Juwi

Torrent

Emmvee

Helios

Vikram Solar

Waneep

Tata Power Solar

Bonfiglioli

Harsha Abakus

Renew

Jinko

10

TBEA

Waaree

Solairedirect

Vikram Solar

Delta

BHEL

10

Hero

Chint

Sungrow

Emmvee

7.00

7.76

6.97

6.47

6.85

6.58

6.49

6.00

6.44

6.66

7.12

6.89
6.85

6.71

6.42

7.72

6.88

7.02

6.45

5.89

5.98

5.05

5.17

5.09

5.64

6.00

5.00

5.54

5.51

4.00

2011

2012

2013

2014

2015

"Original tariffs in Andhra Pradesh have an escalation of 3% per year for 10 years. For the purpose of
this analysis, levelised tariff has been calculated based on an EIRR of 16%..

Notes:
"2014 rank has been calculated based on projects commissioned between Jan to Dec 2014.
2015 rank has been calculated for projects commissioned between Jan to Aug 2015 only.
For ranking analysis of EPC contractors, own EPC has not been included."
"-" signifies that the company was not in top 10 in 2014.

** Unlike most states that have a PPA tenure of 25 years, the tenure in Uttar Pradesh is 12 years.

Year-wise share of thin film vs. crystalline modules (%)

Pipeline for top 15 private project developers in India (MW)


(as of September, 2015)

94

100%

Share (%)

1,000

800

51

58

90

71

100%

90%

90%

80%

80%

70%

70%

60%

60%

49

50%

42

40%

30

30%

600

70

Year-wise share of Indian and imported modules (%)

Share (%)

1,200

Capacity (MW)

7.67

7.49

7.74

Uttar Pradesh P3, 215 MW**

7.9

Punjab P2, 250 MW

Schneider

7.94

7.81
8.01

Uttarakhand P1, 30 MW

8.00

7.98

8.9

Telangana P1, 500 MW

Waaree

8.6

8.05

Karnataka P3, 500 MW

8.5

Andhra Pradesh P2, 500 MW*

Welspun

9.34

Uttar Pradesh P2, 300 MW**

9.33
8.74

NSM P2 B1 (Open), 375 MW

L&T

9.00

NSM P2 B1 (DCR), 375 MW

10

Karnataka P2, 50 MW

TMEIC

Rays Power Infra

Chhattisgarh P1, 100 MW

9.44

Madhya Pradesh P2, 100 MW

Renesola

Hitachi

9.28

Andhra Pradesh P1

Essel Infra

10.94

Uttar Pradesh P1, 200 MW**

Canadian Solar

Fixed tariff

RPSSGP

SunEdison

Lowest winning bid

Punjab P3, 500 MW

Azure

M/kWh

12.24

12.00

Telangana P2, 2000 MW

Rank Increase/
2014 Decrease

Punjab P1, 200 MW

Company
Name

Highest winning bid


12.45

Karnataka P1, 130 MW

Rank Increase/
2014 Decrease

12.54

Madhya Pradesh P1, 200 MW

Company
Name

13.00

Karnataka P1, 60 MW

Rank Increase/
2014 Decrease

17.91

18.00

NSM P1 B2, 350 MW

Company
Name

EPC contractors

Gujarat P2, 565 MW

Rank Increase/
2014 Decrease

Company
Name

Inverter suppliers

NSM P1 B1, 150 MW

Rank
2015

Module suppliers

Gujarat P1, 320 MW

Project developers

Winning bid range for solar tenders

Madhya Pradesh P3, 300 MW

Top 10 market leaders

28

10

42

50%
40%

60

Crystalline

2012

2013

2015
(until 31st August)

2014

59
35

26

19

13

26

22

2010

2011

2012

2013

2014

2015
(until 31st August)

India

Thin film

49

39

0%
2011

60

40

10%

0%
2010

29

34

20%

10%

200

14

30%

29

20%

400

China

Other countries

Note
Based on available data for 4,139 MW of modules used in commissioned projects in India.

Pipeline

Notes

Mahindra

Essel Infra

Shapoorji Pallonji

Suzlon

Today Group

Hindustan Power
Projects Ltd.

Skypower

NTPC

Mytrah

Azure

Renew

SunEdison

Adani

Welspun

Acme

1. BRIDGE TO INDIA has conducted an extensive data collection exercise and relied on multiple market sources to provide accurate, factual
information as far as possible. However, we cannot guarantee completeness or accuracy of this information.
2. For almost all projects, the data available with BRIDGE TO INDIA has been cross-referenced with data provided by other market players.
3. Only grid connected projects above 1 MW have been considered.
4. For most of the analysis, we have relied on AC capacity numbers where available.
5. Market information for project developers:
a. Market share for this category is based on available data for 4,459 MW of projects.
b. Credit for the 50 MW Welspun-Mahagenco JV project has been given 50:50 to Mahagenco and Welspun respectively.

Commissioned

7. Market information for module suppliers:


a. Market share for this category is based on available data for only 4,139 MW of projects.
b. The following companies were unreachable or have not confirmed the data: LDK, BHEL, CSun, BYD, Hareon, Webel, REC, Sunwell, Solar
Frontier, Scheuco, Einnova, Shan Solar, Schutten, Suntech, Nexpower, Yingli.
8. Market information for inverter suppliers:
a. Market share for this category is based on available data for only 3,890 MW of projects.
b. The following companies were unreachable or have not confirmed the data: Bonfiglioli, Schneider, Siemens, Statcon, Santerno, Refusol,
Sharp, Sungrow, Helios and Eltek.

6. Market information for third-party EPC contractors:


a. Market share for this category is based on available data for only 4,046 MW of projects.
b. In some cases, procurement responsibilities for some or all of the equipment may be excluded from the scope.

Notes
PPAs have not been signed in Telangana, Madhya Pradesh and Punjab. The capacity allocated to developers in these states is subject to
final PPA signing. NTPC, NHPC, SECI and other public sector companies have not been considered for this analysis.

c. In many projects, EPC contractor role is split between various parties. We have used multiple criteria for determining credits including
final responsibility for commissioning and value of contracts.

Sponsored taxonomy

INVERTER SUPPLIERS

Launch partner

EPC CONTRACTORS

Hitachi Hi-Rel Power Electronics Pvt. Ltd.


B-52, Corporate House,
Judges Bungalow Road,
Bodakdev, Ahmedabad - 380 054,
Gujarat, India
Contact Person: Mr. Sanjay Bhalekar
E: sanjay_bhalekar@hitachi-hirel.com
contact@hitachi-hirel.com
M: +91 8511134591
P: +91 79 66046200
F: +91 79 66046201
www.hitachi-hirel.com

Vikram Solar Pvt. Ltd.


"The Chambers" (8th Floor),
1865 Rajdanga Main Road,
Kolkata - 700107
Contact Person: Mr Saugata Datta
(President - Business Development)
E: sales@vikramsolar.com
info@vikramsolar.com
M: +91 33 24427299
www.vikramsolar.com

SEMIKRON Electronics P. Ltd.


Plot No. - EL-148,
TTC Industrial Area, MIDC Electronic Zone,
Mahape, Navi Mumbai - 400710,
Maharashtra, India
Contact Person: Mr. Padmanabha Kamath
E: sales.skind@semikron.com
P: +91 22 27628600
www.semikron.com

Jakson Engineers Limited


A-43, Phase II (Extension),
Hosiery Complex,
Noida 201305 (UP) India
Contact Person: Mr Parshant Kalra
E: parshant.kalra@jakson.com
M: +91 9871122307
P: +91 120 4526168 (direct line)
+91 120 4302600
www.jakson.com

Premium sponsor

INDIA
SOLAR
MAP
2015

PROJECT DEVELOPERS
Commissioned
SkyPower
SkyPower New Delhi Office
4th Floor, Rectangle No.1
Behind Saket Sheraton Hotel
Commercial Complex D4, Saket
New Delhi - 110017, India
SkyPower Global
First Canadian Place
100 King Street West 30th Floor
Toronto Ontario Canada M5X 1C9
Contact Person: Mr. Vikas Verma
E: executiveteam@skypower.com
www.skypower.com

4,678MW

ACME Cleantech Solutions Pvt. Ltd.


Plot No. 152, Sector-44,
Gurgaon, Haryana - 122002, India
Contact Person:
Mr. Manish Karna, Ms. Vijeta Chaudhary
E: manish.karna@acme.in
vijeta.chaudhary@acme.in
M: +91 8588010331, +91 9873481330
www.acme.in

Make your presence felt in

INDIA SOLAR
ROOFTOP MAP 2016

Due for release at Intersolar Mumbai


in November 2015

India Solar Rooftop Map is the only comprehensive publication covering the
countrys rooftop solar segment. This all-in-one-map acts as a ready
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is also available for online download through the year.

Current installed capacity


by segment and geography

Project under development

8,707MW

Tenders in progress

4,060MW

About BRIDGE TO INDIA

Our reports

BRIDGE TO INDIA is the leading consulting and knowledge services provider in the
Indian cleantech market. Our multi-functional experience expertise combined with
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For submitting project information

Please share your project level data with us at indiasolarmap@bridgetoindia.com. We need data for rooftop projects where you have provided your
products/services. The following five basic details are needed: customer name, system capacity, makes of modules and inverteers used, location and date of
commissioning.

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Market environment

White papers

Market shares for module


and inverter suppliers
and EPC contractors

Segment-wise
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India Solar Handbook provides holistic assessment of the


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and market shares of leading players. It is released every year
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Financial advisory

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Due diligence

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