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MAP 2014
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Lead sponsors
GRID CONNECTED
PROJECTS
ABOVE 1 MW
COMMISSIONED
2,734MW
NSM
State Policy
RPO
HIMACHAL PRADESH
RAJASTHAN
250
Commissioned
Upcoming
projects
9
17
5
BIHAR
MADHYA PRADESH
175
15
110
JHARKHAND
WEST BENGAL
35
13
10
5
70
52
MAHARASHTRA
TELANGANA
15
130
15
74
5
Upcoming
projects
Commissioned
GOOD AVERAGE
Commissioned
KERALA
BAD
74
TAMIL NADU
24
5
10
Commissioned
Note
In case your company feels that any number/information
is imprecise, please contact us at
market.intelligence@bridgetoindia.com
0.9%
OT
0. %
SO HERS
0.33%
0.7% SRILARSIS
0.7 RE SUR
0.7 % PUNLIANCYANAR
AYA
0. % O
J LO E
NA
YD
1.1 7% JA PG
%
I
H
AR IN
1.3
HA D P
%
YM RO
JA
1.5
JE
IN
A
%
CT
IR
1.
GK
S
R
8%
C
IG
AT
PR
BA
IO
OJ
N
N
EC
CO
TS
HERS
4.6%
OT
R
LA
SO
R
OS
ER
BA
E
M
12
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%
35
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2.1%
ON
TC
%
2.0
I
CH
TA
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H
by
ired
cqu
ss a
EG
A
5.4%
ine
(bus
R EFEX
R 8.0
%
AZUR
E PO
WE
ENERG
Y 3.7%
3.6
%
GY
ER
AS
25
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%
UD
HIR
SM
AH
IN
DR
A
SO
LA
LI
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ECTRIC
LIO
IG
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JU
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EL
BO
E
BA
ER
S
O
A
OL
5.
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9.
O
NC
LA
3.8%
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SOLAR
%
2.8
LA
L
SO
SHAR P
SO
%
5.3
YS
EX
3.7
%S
OLA R
CME S
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WE
R
TS
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R
SO
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R
PE
RA
8.4
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O
NC
LA
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X
%
1.5
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E ENER
NBORN
3.0% SU
%
7.8
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2.6%
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LA
R
ON
AKS
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UN
SO
AND WIL
ERLING
7.2% ST
GL
I
SO
ER
OW
YIN
NA
RAY
P
ATA
%T
6.4
BOTH
LAR
5.1% JINKO SO
CRYSTALLINE
TR
I
PO
RA
INF
SW
J
3.0%
%
IES 2.6
ENERG
R
WE
CT
E
EL
SA
EN
1%
3.
LA
R
UN
9.5
%
SH
R
HA
A
AB
.8%
18
C-
THIN FILM
UR
JA
KU
%
2.1
OUBRO
SEN & T
9.3% LAR
NE
RG
Y3
.4%
%
2.6
3.4
%
HA
NW
HA
MODULE TYPE
0.6% JAKSO
N
ERS
4.2% O
TH
EE
WAAR
.3%
R2
O LA
3.3
%
TS
SP
UN
%
1.9
%
PHOTON ENERGY 2.6
R 2.1%
%
R 2.3
S O LA
N
CH I
ENRICH ENERGY
W
EL
INVERTER
SUPPLIERS
%
1.0
e3
on
OWN EPC
r
we
2.1%
THIRD PARTY
EPC
Po
ST
CUMULATIVE
MARKET SHARES
(for projects commissioned until August 2014)
CI
RU
EM
S
N
1.
MV
ER
5%
EE
GY
SO
1.6
L
%
VIK
AR
RA
1.8
MS
%
OL
AR
M AH
1.9
IND
%
RA S
OLA
R 1.
9
%
ARIES
WAAR
EE SO
LAR 2
.1%
EC
OE
B/
AB
AM
VIKR
BHEL 0.7%
SOLAIREDIRECT 0.8%
ELECTROTHERM IMMODO 0.8%
R 0.9%
PREMIER SOLA
IRO 0.9%
PPS ENV
H 1.0%
BOSC
0%
IL 1. %
ZAM
0
H 1.
TEC
ECO
1.0%
VISA
OR
%
UCT TY 1.0
ND
I
.3%
ICO NFIN
R1
%
E
S EM
E
3
.
AR
W
1
R
S OL
PO
5%
LA
AV
1.
SO
DH
S
R
MA
OL
IE
TR
EM
CH
EN
%
.7
14
R
FI
SO
W
IP
RO
R
LA
SUNTECH 2.1%
R ONTIE
SOLAR F
IF
RT
DUPONT
MA
RENESOLA 0.4%
T-SOLAR 0.5%
ABOUND SOLAR 0.5%
MIASOLE 0.5%
%
ONDUCTOR 0.6
SOLAR SEMIC
R LD 0.6%
SOLAR W O BYD 0.6%
IS 0.6%
A VANC L 0.6%
W E BEIM 0.6%
PH
0.8%
SERA UC O
%
SC H EN 1.0
G
.0%
SUN
R1
LA
.3%
SO
R1 %
ON
LA
RE
1.4
SO
HA
R
%
K
A
LD
1.4 %
OL
5
OS
EE
1.
MV
ES
EM
GI
ER
NC
LA
RE
AA
W
BH
EL
GR
1.
OU
2%
BA
P
ER
1.7
SO
%
LA
R1
.8%
SU N
WE
LL
2.0%
CNP
V 2.0
%
RE
C
MODULE
SUPPLIERS
10
Upcoming
projects
KARNATAKA
10
32
Upcoming
projects
40
5
150
Commissioned
ANDHRA PRADESH
3
120
Upcoming
projects
33
12
MO
SE
R
Commissioned
10
Upcoming
projects
Commissioned
Upcoming
projects
35
20
11
Commissioned
38
10
5
0.1%
OTH
0.2%
SU ERS
0.2%
GRO
0.2% INGN
W
0
A ET
0.4.4% IDNSWEEAM
RD
0.7 % F S
RIVE
0.8 % R ECO
S
0.8 % H EFUSN
E
O
%
0.8 S LIO L
1. % S AN S
1. 0% D HAR TERN
1%
O
P
E
1.
5% EL LTA
TE
SI
EM K
EN
S
164
ODISHA
50
30
Upcoming
projects
Commissioned
16
Upcoming
projects
68
CHATTISGARH
GUJARAT
40
Commissioned
860
30
Commissioned
120
UTTAR PRADESH
Upcoming
projects
Commissioned
50
375
Commissioned
3
440
Commissioned
86
50
MANIPUR
ASSAM, MEGHALAYA
DELHI
Upcoming
projects
25
HARYANA
Commissioned
32
Upcoming
projects
30
UTTARAKHAND
Commissioned
40
Commissioned
Commissioned
191
PUNJAB
250
Upcoming
projects
13
7
Upcoming
projects
10
FOOTNOTES
Module Suppliers
The following companies were unreachable or have not confirmed the data:
Lanco, AIC Projects, Sunedison, Biosun, Suntechnics, Indu Projects and
Cirus Solar, BHEL, Photon.
The following companies were unreachable or have not confirmed the data:
LDK, Miasole, BHEL, Sunner Solar, Avancis, Schuco, China Sunergy, Schott
Solar.
The procurement might not have been in the scope of work for some EPC
companies.
Market share for this category is based on the available data for a capacity
of 2,510 MW of projects that have been commissioned in India.
Market share for this category is based on the available data for a capacity
of 1,928 MW of projects that have been executed by these EPC companies
for other third-party project developers.
Data for 214 MW of commissioned projects has not been accounted for
(Including both third party EPC and own EPC categories). However, there
wont be a significant change in either market share due to those projects.
Others include, AEG, Relyon, ETA, Solarsis, Eversun Energy, IBC Solar,
Insolare Energy, OPG, Staten Solar, SunBorne, Surana, Belectric, Titan
Energy, Enerparc, Sunenergy, Scatec Solar, Soltech, AIC Projects, Biosun,
IVRCL, MEECO and XL Power
Own EPC
Market share for this category is based on the available data for a capacity
of 675 MW of projects that have been executed by the developers
themselves.
Inverter Suppliers
Market share for this category is based on the available data for a capacity
of 2,445 MW of projects that have been commissioned in India.
The following companies have not confirmed the data: SMA, Bonfiglioli,
Schneider Electric, Satcon, Siemens, Eltek, Sharp, Santerno, Helios, Fecon,
IDS, Answer Drives, Sungrow.
Others include, Fronius and Gamesa.
Please Note
For the purpose of all the analysis, the numbers used are a combination of
project level data available with BRIDGE TO INDIA and the data provided by
various equipment/ material suppliers.
Only grid connected projects above 1 MW have been considered.
BRIDGE TO INDIA has tried to provide factual and accurate data as far as
possible. However, this data has been collected from various sources and
we cannot guarantee the integrity of this data.
We might have missed out some companies due to unavailibility of data.
The market share given is basis all commissioned projects since 2010 and
may not give the actual representation of companies who started their
business recently.
The data depicts the current market share and might change in the future.
Source used for analysing creditworthiness of state utilities is Ministry
of Power.
Greenstone
is now
INVESTMENT BANK
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ARRANGING FINANCING FOR RENEWABLE ENERGY COMPANIES
INDIA
SOLAR
HOMES
T +91 80 49059013
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CALCULATE YOUR
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Largest Solar EPC company in India with German Engineeringfree-field Large Grid connect, Car port, roof-top, Fuel saver,
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contact@bridgetoindia.com
www.indiasolarhomes.com
IC)
TME
55
71
96
Share (%)
60%
47
40%
45
29
30%
20%
0%
4
2010
4
2011
2012
2013
Crystalline
70%
6.9
7.3
6.8
7.5
6.5
Thin film
Note
Data for this category is calculated based on the available data
for a capacity of 2,594 MW of projects that have been
commissioned in India.
For the purpose of this graph, the numbers used are a
combination of project level data available with BRIDGE TO INDIA
and the data provided by module suppliers. The following
companies were unreachable or have not confirmed the data:
LDK, Miasole, BHEL, Sunner Solar, Avancis, Schuco,
China Sunergy, Schott Solar.
1200
1,000
1000
India
600
400
200
106
39
29
1
17
7
0
2010
2014
(till August)
497
568
2011
236
206
339
119
154
2012
85
2013
157
China
NSM
NSM
phase 2
Karnataka
Chhattisgarh
phase 2
Madhya Pradesh
Rajasthan
Tamil Nadu
Andhra Pradesh
1,200
800
Uttar Pradesh
RPSSGP
C-Sun+Schneider
Tata+ABB
Canadian Solar
+ ABB
Trina + Bonfiglioli
Yingli + ABB
Trina+Hitachi
Assumptions
*Levelized tariff offered in Tamil Nadu has been calculated considering 5% escalation for 10 years. Discount rate of 15% has been assumed
Tariffs offered in Tamil Nadu might change based on the consultation paper released by TERC
Average tariff offered under various policies are not weighted averages
Tariffs offered in Gujarat are levelized
NSM VGF based bids have been calculated as levelized tariffs
80%
10%
22
Note
Data for this category is calculated based on the available data for a capacity of 2,520 MW of projects that have been commissioned in India.
For the purpose of this graph, the numbers used are a combination of project level data available with BRIDGE TO INDIA and the data provided by module suppliers.
The following companies were unreachable or have not confirmed the data: LDK, Miasole, BHEL, Sunner Solar, Avancis, Schuco, China Sunergy, Schott Solar
ABB here in this analysis includes, Powerone projects as well.
90%
50%
Canadian Solar
+ ABB
Trina + Bonfiglioli
Malpani Group
Aditya Birla
Group
Reliance
Tata Power
Azure Power
SunEdison
Hindustan
Cleanenergy
NTPC
Welspun
Mahagenco
53
6.5
8.3*
35
Note
BRIDGE TO INDIA has tried to provide factual and accurate data as far as possible. However, this data has been collected
from various sources and we cannot guarantee the integrity of this data.
We might have missed out some companies due to unavailibility of data.
100%
58
6.5
Punjab
65
50
8.9
8.3
Karnataka
43
8.4
phase 1
45
77
8.0
7.1
Madhya Pradesh
46
78
97
8.7
Odisha
56
100
9.3
10
NSM
55
109
12.1
Phase 1 Batch 2
60
50
150
12.5
12
period 2
90
164
14
Gujarat
100
200
NSM
95
16
Phase 1 Batch 1
128
Jan-Aug 2014
17.9
150
18
247
period 1
200
250
20
Gujarat
242
Installed capacity (MW)
250
Last 12 Months
2013
2012
2011
300
300
Tariff (M/kWh)
Others
Note
Data for this category is calculated based on the available data
for a capacity of 2,570 MW of projects that have been
commissioned in India.
For the purpose of this graph, the numbers used are a
combination of project level data available with BRIDGE TO INDIA
and the data provided by module suppliers. The following
companies were unreachable or have not confirmed the data:
LDK, Miasole, BHEL, Sunner Solar, Avancis, Schuco,
China Sunergy, Schott Solar.
968
800
600
538
FiT
528
400
191
200
0
290
32
2014
(till August)
2010
2011
127
54
2012
Non FiT
Note:
FiT are based on reverse bidding except for Gujarat
Non FiT market includes RPO, REC and Bilateral PPA projects
Data for this category is calculated based on the available data
for a capacity of 2,734 MW of projects that have been
commissioned in India.
2014
(till August)
2013
SPONSORED TAXONOMY
EPC COMPANIES
INVERTER SUPPLIERS
Power of Excellence
MATERIAL SUPPLIER
TRACKING SUPPLIER
SmartTrak Solar Systems Pvt. Ltd.
Plot No.51, Ground Floor,
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Contact person:
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E: phanisarma@smarttrak.in
bhagawan@smarttrak.in
info@smarttrak.in
P: +91 9849987988
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INDIA
SOLAR
MAP
2014
Our Reach
8%
19%
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8% Financial
institutions
and banks
1% Government
officials
20%
44%
Project
developers
COMMISSIONED
2,734MW
1,982MW
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