INDIA SOLAR

Lead sponsor Associate sponsors

MAP 2019
MARCH

www.bridgetoindia.com
5
Total utility scale solar capacity as on 31 March, 20191
32
5
All figures in MW
35 NTPC offtake
8
3,337

28
State government tenders
Comm. 7,522 SECI offtake
Pipeline 835 4,485

1,130
1,180

465
1 5
Others
PSU development 130 PSU development
2 625 1,072
5 01

Commissioned 50 Others
225
Central 497
UTTAR PRADESH government Pipeline
Central
UTTARAKHAND tenders
10,365
17,887
Commissioned government
26,154 tenders
219 9,391
SECI offtake
6,610
5
8 16
State government
Commissioned tenders
PUNJAB
21
NTPC offtake 13,008
3,000 Others
Commissioned
845 3,755
16 5

16
22

Commissioned
8

68 821
Commissioned
HARYANA JHARKHAND 125

30 W
M BIHAR
0
84
W
12 120
M W
0M
1,2 5
0
1,35
00
10

RAJASTHAN
17
450 MW Pipeline
2,

1,1
66

10
6

16
05

18
Comm.

0M
3,108
270

50
82 360
4,910

6,910

500
91

W
Pipeline Commissioned
6,910
65 MW 85
0M
W
200 MW
52
WEST BENGAL
290
00 16
2,0 12
306
GUJARAT 200 22
MW
300
00
1,2

Comm. MW CHHATTISGARH
1,344

60

Pipeline 1,862

105
50 M

Commissioned

100
1,825
0

207
M

5
W

ODISHA

80
25

62
5
60
0 212

23 Pipeline 5
220 400 101
42

27
129 45430
0
68

13
25

Pipeline 3 Commissioned

30
58

Pipeline
0

383
3

166
2

152
35

MADHYA PRADESH

0
6
29
32
113

30
Commissioned
TELANGANA Commissioned
1

1,966
3,511

1,031 30
ANDHRA PRADESH 2,689
ANDAMAN &
NICOBAR ISLANDS
81
86 5
PUDUCHERRY
6
MAHARASHTRA
0
75 1,
7 14

Comm. 08
1,318 7
200

Pipeline
153
2,435

2,495
2

Pipeline
1,76
25

1,750
1,75
60

9
1,000

TAMIL NADU
400

Comm. Comm.
3,029 5
605
5 10
58 16
3
26

185 9
1,
13 54 1,092 18 Pipeline
93

4
1, 4 258
Ratio of utility scale solar
0

25
1

Pipeline
KARNATAKA
240

commissioned capacity to
5

1
241

1,654
96

Pipeline
22 KERALA Pipeline
1,511 12 March 2022 solar target
2

Commissioned
675

50

6,003
>100%
62

Commissioned Comm.
1,

24

82 2,421
550
3

61 - 80%
18

1,9
78

550
2,

2323
9 9 41-60%
21-40%
12
<20%

Leading players1
Projects commissioned in FY 2019 (4,810 MW)

Project developers Module suppliers Inverter suppliers EPC contractors O&M contractors
(estimated DC capacity - 6,146 MW) (total market size - 26,154 MW)
& WILSON
13.51% STERLING

ON
SH

SKYP EDCL 0. .62%

SUN
AP

OTHERS 4.642%

WILS
WBS RMA 00.79%%
OO LA GE
AD PA NER OUP

PHA BEL 0.83 1%

OTH
GIPCL 0 .52%

SC
OWER 62%
PH EST

RJ N E GR
ITY LL

HN
PR

NG &
E

NA 4.91%
I

ERS .49%
A B ON GY 1 1.1

ER
E
RGY
O

AR
GE
IDE
0

W
IRL JI 1 .04 4%
PG 0.9 04%

.5
I

L
ERLI
0.56

PO
T

SO
DE
NA

2
R2
ENE

L&
%
A . %

TA
LT

GS M
%

A TA
15.

%
.49

% ST

EC KR
A

32
SEN

VI 2%
E

O
2.8
67%

L
%

NA
E TH
8.
CM

1.
JB
LIG MM ERS 7% 32 6.4
3%

5 HI
11.43

M L
2.0 6% 7.5
TA .76
NSO
% RI
A

HT VEE 1.2 CH ER %
E
OW -GE
8%

R
B

MAH FR 8%
ZU CE WAY 0.54 7% I8
TA P
IG
AB

IND V2 A .00 LAR

9.41

C 0 A
12.6

% %T O
RA S .08 6% D EP .57 % %S
%

FIRS
UST % 9.3 T SO AQO 00.57%% 7.84 4.94
79

EN 2 RGY
.

L . JINE
22

5
.91% HAN AR 1.067%
WHA % 6.83%
PHONO 1.33%
MYTRAH SOLAR
3.12% 1.79% 4.91% MAHINDRA TAQO
TATA POWER 2.03% % 5.84% VIKRAM SO
Self-E PC 42.41 LAR
8.32% APGENCO
GRT 3.53% JINKO 2.07% 6.75% L HUAWEI 11.09% 2.58%
VIKRA
ONG I 1.19 M SOL
2.10% 1.05 % JUW AR
OLAR 5.6
6% IAN S 17.0 5% 1.0 % J I
Y 4.1 CA N A D
2.12
% 7% MA 0 3% A K
ERG UN
SUN HIN 0 .90 RAY SON
G EN - S GRO 0 .74 % S
SPR
N 8.3 C
2.3
9% 6.1
3% W 2.
30
DR
AS 0.5.69%% BLANC POW
7% 2% LI RE % US 0. 7
54 % EN HEL O ER
4.3 NL G 3% KE TEN INF
YIN NE
2.

% L& RI
R C 2.8 RA
0. .38%% KE CNA S

C
WE
08

SO RA T CH
0 8 M ER
40
2.0

IN
%

N LA
0.3.38% OTH
%

PO
%

SU YS
0 06%

TE
% PE C IN LY B
.86

JAA N 0.022%

2.0
9%

1.
8%
ENE S 0.0 %

JA
90

5.8

TA LE RN
SWEL GY 0.043%

2.08 RAYS PO

HI S E TE

PO
ECT 0 %

1.14% BHEL
13

.40%

TA
4.9

2.

0.94%

KS
RAYS POWER BOSCH 0.44%
AA 0.5

8%
8.3

A
0.83% LAN
ORIANO 0.49% 0.51% ENRICH

LD N RN ARA
3%

AT
13.90% T

M 27.64%
HI

T W
%

.04

EXPERTS 0.45

ON

IO
5.53%
%

ER
A

2%

%M

L
6.34% RENEW

EC

EI

EN GIN ATI T
VIV NA

P
5.20

JA SOLAR 4.86%

ZN
FR

NA
D
4.25
A3

ES
TM

EX
NT

ER EER ONA
EN

L
S

SH
IN

PE
CNA
IN
BE

SU

GY S
EN
ADA

ER
L

L
IN

R
GC
REE

RT
TR
SE

BEA

U
NE

GIN

Self-O&
GY

S
LLY
ES

CO
L
AVA

WAA
RG

H
E
GEN

WER

ER
B
Y

HAR

S
PRO

L
INFR

AT
A

DOMESTIC MANUFACTURERS

India Solar Compass

Commissioned and pipeline capacity
Subscription packages Paid reports Capacity addition

India RE Weekly
India RE Weekly Indian Open Access Solar Market
Leading players
Tender progress updates

It’s raining tenders

Surge of new tenders and fall in module
prices bring hope to the sector
INDIA SOLAR
COMPASS 2018 Q1 India Solar Compass Indian Rooftop Solar Market Pricing updates
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 Lead sponsor Associate sponsors

Top 10 players Top 20 project developers

(projects commissioned in FY 2019)
Central government tenders
State government tenders
Others
Project developers Module suppliers Inverter suppliers EPC contractors 3,000
Current Company Previous Increase/ Company Previous Increase/ Company Previous Increase/ Company Previous Increase/
rank Name year rank Decrease Name year rank Decrease Name year rank Decrease Name year rank Decrease
Acme
1 Acme 3 Risen Energy 4 ABB 1 Sterling & Wilson 1 2,500

Total pipeline capacity, MW

2 Azure 9 Vikram Solar - Sungrow 3 L&T 5

2,000
3 APGENCO - Jinergy - TBEA 7 Tata Power 3 SB Energy Azure

4 NLC - Longi - TMEIC 4 Vikram Solar -

1,500
5 SB Energy - Renesola - Huawei 2 Mahindra Susten 2 ReNew

6 ReNew 2 Znshine - Hitachi 6 KEC International - Shapoorji Avaada

1,000
Pallonji
7 Avaada - GCL 5 Delta - Jackson - Ayana NLC
Renewable Fortum Sprng Adani
Energy Hero Future
8 Essel Infra - JA Solar 2 Schneider 8 Hild Energy - 500
Tata Power
Mahindra Susten
EDEN Engie NTPC
9 Tata Power 8 Waaree - GE 9 PES Engineers - Greenko
Mytrah
-
Essel Infra
-
10 Sprng Energy - Trina 3 SMA 5 McNally Bharat - 500 1,000 1,500 2,000 2,500

Total commissioned capacity, MW

Tender issuance and auctions, MW Capacity addition and investment³

60,000 10,000 400

9,143
FY 2019 witnessed an unprecedented surge in tender issuance but
Capacity addition and total investment fell
50,000 progress was marred by increasing instances of tender
sharply last year due to a number of factors
cancellation, undersubscription and execution bottlenecks
including execution delays, policy challenges
and uncertainty arising from implementation
Capacity, MW

40,000 8,000
of GST and safeguard duty
300
30,000
Tenders cancelled

Undersubscribed and/
20,000 or cancelled capacity

Capacity addition, MW
6,000 5,447

INR billion
10,000
4,810 200

-
FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 3,087
4,000

Tender issuance Successful auctions

1. Methodology
a. BRIDGE TO INDIA has conducted an extensive data collection
exercise and relied on multiple market sources including
project developers, contractors, equipment suppliers and
state nodal agencies to provide accurate, information as far
as possible. Some suppliers were either unreachable or did
not validate the data available with us. All data has been
cross-referenced with data provided by government
departments and other market players, where possible.
However, we do not guarantee completeness or accuracy of
any information.
b. b. Only grid connected, ground-mounted projects above 1 MW
have been considered in this report.
Notes
100
c. Pipeline includes projects that have been allocated to g. Self-EPC denotes projects where EPC work is completed by
developers but not yet commissioned. It includes cases where developers or their sister companies in-house which do not
the power purchase agreements may not have been signed.d. undertake any third-party EPC work. 2,000 1,098
d. States with less than 20 MW commissioned capacity are not 2. Acronyms used:
shown on the map. a. SECI – Solar Energy Corporation of India Limited
e. All capacity numbers are specified in AC MW, unless noted b. PSU – Public Sector Units
otherwise. For module suppliers’ market share analysis, we 3. Project investments are inclusive of GST and safeguard duty
have used DC capacity numbers, where available, and where applicable.
increased AC capacity for other by 30%. 4. Total capacity bid includes 4,855 MW capacity that was cancelled
f. In many projects, EPC contractor role is split between post auction.
multiple parties. We have used several criteria including final 5. This report has been sponsored by Longi (lead sponsor), Growatt
responsibility for commissioning and value of contracts for and Huawei as associate sponsors. All editorial rights and
determining credits. copyrights remain with BRIDGE TO INDIA. - 0
FY 2015 FY 2016 FY 2017 FY 2018 FY 2019

Capacity bid by individual developers, MW4

150 120 70
(total capacity bid in FY 2019 - 35,745 MW) 110
375 250 250 245 220 200 180 170 100 60
5,100 4,875 3,400 3,400 3,350 3,085 2,300 1,050 1,050 840 790 520 500 400 300 250 250 225 200 200 175 129 50
100%

80%

60%

40%

20%

0%
SB Energy

Shapoorji Pallonji

Azure

Adani

Acme

ReNew

Avaada

Fortum

TATA Power

EDEN

Hero

Canadian Solar

Mahindra

Sprng

Ayana

NTPC
GSECL
Engie
Aditya Birla
UPC Solar
Think Energy
BHEL
Sukhbir Agro

Alfanar
Essel Infra
GIPCL
Mytrah
Sembcorp
Nisarga Renewable
Fortune Credit
Refex
Aqua Pumps
Orange
AT Capital
Asian Fab Tec
Global Coal Mining
Rays Power
Kalthia
Solar Arise
Shiv Solar
Jakson

Total capcity bid Winning bids % Losing bids %

INDIA SOLAR
Lead sponsor Associate sponsors

MAP2019 MARCH

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Pipeline
17,887 MW
Commissioned
26,154 MW

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