KERALA GUJARAT MAHARASHTRA KARNATAKA MADHYA

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
5
3
153
8
55
150
Comm.
PUD
Tenders
DELHI
HARYANA
1
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
1
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
2
16
Comm.
1,031
128
750
MW
700
MW
WEST BENGAL
150 MW
7
7
Comm.
40
2
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
%
T
L&
AN
A
> 250 MW installed
OLA
www.solarcapital.co.za
LOWEST COST
SOLAR POWER
PRODUCER
S
ENE
[email protected]
MA
DI
GRID SCALE >50MW
INDEPENDANT
POWER PRODUCER
Mr Tumul Dwivedi (Country Representative)
H
NA
SM
W
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
%
W
.5%
T3
EE
AAR
WI
.1%
IDER 8
SCHNE
JU
3.4%
X 2.6%
FIG
VEE
EMM
C
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
E
R
UJAAS 2.2%
10.0% TRIN
A
.7%
SHARP 2
2.0%
HP
AB
CHI 7
.1%
VIKRAM SOLAR 2.7%
ENT
B
.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%
M
SO
PO
IN WE
FR R
A 3.4
%
ON
NE
DI
S
5.4
%A
4.
6%
HA 2.6
%
S
VIK
AE
F
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
T
HANW
2.3% TO
RR
| +91 11 6654 4708
R
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%
A
MAH
3.4%
TI
PO
HE
ON
E
CM
Both
JA
DU
FR
Thin film
EI
R
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
7
First Solar
5
ABB
1
Mahindra Susten
-
11.00
2
Acme
5
Trina
4
SMA
5
S&W
4
10.00
8
Juwi
-
6
Torrent
4
Emmvee
7
Helios
9
Vikram Solar
-
7
Waneep
-
Tata Power Solar
1
Bonfiglioli
2
Harsha Abakus
7
8
Renew
-
Jinko
10
TBEA
-
Waaree
-
9
Solairedirect
-
Vikram Solar
-
Delta
-
BHEL
-
10
Hero
-
Chint
6
Sungrow
7
Emmvee
9
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**
3
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
2
8.5
Andhra Pradesh P2, 500 MW*
Welspun
9.34
Uttar Pradesh P2, 300 MW**
5
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
2
4
9.44
Madhya Pradesh P2, 100 MW
Renesola
Hitachi
9.28
Andhra Pradesh P1
-
Essel Infra
3
10.94
Uttar Pradesh P1, 200 MW**
4
Canadian Solar
Fixed tariff
RPSSGP
3
SunEdison
Lowest winning bid
Punjab P3, 500 MW
Azure
M/kWh
1
3
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
6
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
5
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
0
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: [email protected]
[email protected]
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: [email protected]
[email protected]
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: [email protected]
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: [email protected]
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: [email protected]
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: [email protected]
[email protected]
M: +91 8588010331, +91 9873481330
www.acme.in
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Current installed capacity
by segment and geography
Project under development
8,707MW
Tenders in progress
4,060MW
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