India solar compass oct 2014 prez
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16th Edition of INDIA SOLAR COMPASS Release date: October 1st 2014 The India Solar Compass is a quarterly market analysis report by BRIDGE TO INDIA on the developments in the Indian solar market. The key highlights from this edition of India Solar Compass are as follows: Investment of over INR 116 billion ($1.9 billion, €1.4 billion) is expected over the next one year in the Indian solar market BRIDGE TO INDIA predicts a solar capacity addition of 1,660 MW over the next four quarters. This would be a record growth for a 12 months period. US module supplier First Solar recovers lost ground in India by securing over 100 MW of supply contracts under the National Solar Mission “Made in India” modules by Waaree, Vikram Solar and ReneSola, Tata Power Solar are to be used for projects under the DCR category of the NSM Established EPC contractors such as Juwi, L&T, Sterling & Wilson and Belectric win many projects under the National Solar Mission Based on the current contract pipeline, local start up, Rays Power Infra, emerges as one of the largest third-party EPC contractors in the Indian solar market The price of Chinese C-Si tier I modules fell by around 10% (in INR terms) in the last four quarters. This is double the lon-term trend of 5%. Are we entering a period of accelerated, sustained solar cost reduction? The same is true with respect to inverters: Some aggressive players in the central inverters market have spearheaded a price crash to INR 2.7/Wp
Transcript of India solar compass oct 2014 prez
• In the last quarter,
the price of Chinese
C-Si tier I modules
and First Solar thin
film modules have
been priced almost
at the same levels
Highlights
• After a stabilization
in the first half of
2014, average central
inverter prices have
gone down in the
last quarter
• Aggressive pricing
by Hitachi is the
primary reason
behind decline in
inverter pricing
Highlights
• Over 2,000 MW
projects are being
deployed under
various state
policies and NSM
• Over and above that,
around 1,800 MW of
tenders have been
announced under
various state
policies
Highlights
• Most industry
professionals
estimate that around
1,000 MW - 1,700 MW
will be built in the
next year
• The average industry
expectation is
around 200 MW
lower than our
current estimate
Highlights
• BRIDGE TO INDIA
estimates that a
capacity of 1,660 MW
will be
commissioned over
the next year
• Around half of this
capacity would be
commissioned in the
first quarter of 2015,
driven by projects
under the NSM, as
well as the Punjab
and Uttar Pradesh
solar policies
Highlights
• Rays Power Infra
has emerged with
one of the largest
pipelines for third-
party EPC contracts
signed in the
country
• Projects under batch
one of phase two of
the NSM have been
the major
contributors to the
pipelines of
established players
Juwi, L&T, Sterling &
• Wilson and Belectric
Highlights
• First Solar has
reportedly offered
unusually
aggressive terms to
fast track the
procurement
process before a
possible imposition
of anti-dumping
duties and secured
orders for several
projects under the
open category of
batch one of phase
two of the NSM
• Waaree, Vikram
Solar and ReneSola
have emerged as the
leading suppliers for
projects under the
DCR category of
batch
Highlights
• Bonfiglioli secured
large orders under
the NSM and offered
tough competition to
current market
leader ABB
• Aggressive pricing
by Hitachi has also
led to significant
orders for the
company in the cost
sensitive Indian
market
Highlights
