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Commissioned16,203

Pipeline10,066

GUJARAT

MAHARASHTRA

KARNATAKA

KERALA

MADHYA PRADESH

RAJASTHAN

HARYANA

UTTARAKHAND

UTTAR PRADESH

BIHAR

CHHATTISGARH

ODISHA

TAMIL NADU

TELANGANA

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INDIA SOLARMAP 2017

Lead sponsor

ANDHRA PRADESH

Total utility scalesolar capacityas of September, 20171

All figures in MW

PUNJAB

WEST BENGAL

Comm.732Pipeline

770

354

225

153

19

750

750

305

3020

Comm.2,219

Pipeline949

1,84

3

110

266

949

Comm.1,384

290

15

1,079

290

Pipeline713

Comm.2,792

294

2,159

59811

5339

30015

100

420

15

Comm.816

Pipeline210

17

13

786

17

210

Comm.1,649

Pipeline2,435

1,155

1,430

267

945

60

10

227

1012205

500

920 Pipeline1,600

Comm.1,804

1,43

4

199100

171

10

11

100

1455

1,50

0Comm.1,352

Pipeline854

495

539

854

220

3154

100

Pipeline320

Comm.84

5

20 11 8

300

44

300

20

3010

Pipeline100 Comm.

152

140

5

7

10010

0

5

Associate sponsor

SkyPower projects

Operational capacityfor districts

>501 MW201 - 500 MW101 – 200 MW

41 – 100 MW0 - 40 MW

Centralgovernmentpolicy5,423

Others213

Public sectordevelopment1,113

SECI offtake1,275

NTPC offtake2,825

State governmentpolicy8,990Others

1,790

Stategovernment policy

4,907

Others60

Centralgovernment policy

5,099

SECI offtake3,700

NTPC offtake960

Public sectordevelopment

439

Comm.500Pipeline

555480 357365

50

6575 135

55 5016

14

8

Comm.2,153

Pipeline1,500

1,085

1,365

595193

875

625

268

12250

500

125

750

139

1,140

355275

73

60

Comm.54

Pipeline20

8

30

1620

11

5

Comm.240

235

5

5

Comm.75

5050

4

21

Comm.120

120

JHARKHAND

Comm.21

1616

5

Pipeline30

Comm.29

2

2

20

7

30

318

SEPTEMBER

150 MW

200 MW

EPC contractors

SELF EPC 52.7%

10.5

% S

TERL

ING

& W

ILSO

N

2.6% MAHINDRA SUSTEN

3.7% TATA POWER SOLAR

3.9% VIK

RAM SOLAR

3.2% JAKSON

2.3% RAYS EXPERTS

1.1% RAYS POWER INFRA

1.0% PHOTON ENERGY

0.8% KEC INTERNATIONAL

0.8% WAAREE

1.0% UJAAS

1.7% BHEL

1.0% HARSHA ABAKUS

0.5% ENERPARC

0.7% PREMIER SOLAR

0.6% REFEX

0.6% VIVAAN SOLAR

2.6% BELECTRIC

1.3% LANCO

0.7% ENRICH ENERGY

0.5% L&T

0.4% BOSCH

0.4% GAM

ESA

0.3% CIRUS SOLAR

0.3% GEN

SOL

0.3% ILIOS POW

ER

0.3% CLEAN

MAX

0.3% IB

C SOLAR

0.2% EI TECH

NOLOGIES

0.1% CH

EMTR

OLS

3.6% O

THER

S

Inverter suppliers

26.7% ABB

15.6% TMEIC

15.0% SM

A

HITACHI HIREL 12.0%

OTH

ERS 3.9%

SUNGROW 8.3%

SCHNEIDER 4.7%

TBEA 3.8%GE 2.0%

INGETEAM

0.7%GAM

ESA 0.4%

DELTA 0.9%

HUAWEI 6.0%

Module suppliers

Crystalline

Thin film

16.6

% T

RIN

A

7.6% H

ANW

HA

9.2% JA SOLAR

8.0% RISEN

8.7% CANADIAN SOLAR

FIRST SOLAR 4.8%TALESUN 4.3%

GCL

6.4%

SUNTECH 0.9%

SERAPHIM

0.9%

RENESOLA 2.9%

VIKRAM SOLAR 2.4%

JINKO

SOL

AR 5.

0%

WAAREE 2.6%

TATA POWER SOLAR 1.7%

BYD 1.7%

ADANI 1.4%

CHINT 2.0%

HAREON 2.9%

ALPEX 1.1%REC 1.0%

BHEL 1.3%

LANCO 1.1%

PREMIER SOLAR 0.5%

PHO

TON

ENER

GY 0.4%

ET SOLAR

0.2%

SCHU

TTEN 0.4%

HT-SAAE 0.6%

SOVA 0.5%

EMM

VEE 0.2%

OTH

ERS 2.7%

Leading players2

(projects commissioned from October 2016 to September 2017 totalling 7,549 MW)

Project developers

8.6%

GRE

ENKO

6.8% NTPC

5.0% ADANI

6.5% AZURE

7.6% RENEWFIRST SOLAR 0.7%

SUKHBIR AGRO 0.7%

FORT

UM

2.3

%

HINDUSTAN POWER 0.8%

ENERGON 1.3%GIPCL 1.1%

TATA POWER 1.0%

MYTRAH 1.0%IREDA 0.9%

ADITYA BIRLA 0.8%

KARVY 0.7%

SOLAR ARISE 0.7%

ATHA GROUP 1.4%

OTHERS 16.7%

SUZL

ON 2.

1%

MAH

IND

RA

SUST

EN 2

.9%

TODAY GROUP 0.8%

ENGI

E 2.

1%

EDF 0.8%

RATTANIN

DIA 2.

1%

SKYPOWER 2.0%

ORANGE RENEWABLE 1.9%RISING SUN 1.9%

NEYVELI LIGNITE 1.7%

ESSEL INFRA 0.7%

HERO FUTURE ENERGIES 1.4%

SHAP

OO

RJI

PAL

LON

JI 2

.4%

SOLAR PACK 0.7%

7.6% ACME

4.6% SB

ENERGY

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Commissioned16,203

Pipeline10,066

India Solar Rooftop Map 2017

India Solar Excellence - DC cables

India Solar Decision Brief - Analysis of utility scale solar tenders in India

India Solar Handbook 2017

Solar power generation as percentage of total power demand

Module manufacturing4

0%2014-15 2015-16 2016-17 Apr - Jul, 2017

Gujarat

Rajasthan

Uttar Pradesh

Tamil Nadu

Maharashtra

Andhra Pradesh

Telangana

Madhya Pradesh

PunjabKarnataka

1%

2%

3%

4%

5%

6%

Source of modules for commissioned projects Domestic module production (For FY2016-17 - 1764 MW)

0%

100%

2013 2014 2015 2016 2017 YTD

10%

20%

30%

40%

50%

60%

70%

80%

90%

Indian Chinese Others

18.7

% W

AARE

E

17.2% VIKRAM SOLAR

12.0% TATA POW

ER SOLAR

EMMVEE 6.5%

GOLDI GREEN 5.8%

MUNDRA SOLAR 4.1%

LANCO 3.7%

SOVA SOLAR 3.4%

SURANA SOLAR 1.6%

BHEL 1.5%

PREM

IER S

OLAR 7.

1%

SAATVIK SOLAR 1.2%

MOSERBAER SOLAR 1.1%

OTHERS 7.0%

ALPE

X 9.

1%

Notes1. Methodology a. This report includes data for only grid connected, ground mounted projects above 1 MW in size. b. We have conducted an extensive data collection exercise and relied on multiple market sources to provide accurate, factual information as far as possible. All data has been cross-referenced with data provided by government departments and other market players. However, we do not guarantee completeness or accuracy of any information. c. Pipeline includes projects that have been allocated to developers but not yet commissioned. In some cases, even the power purchase agreements may not have been signed. d. We have assumed completion of some projects by the end of September 2017 based on information provided by industry players.

2. Market share charts a. We have relied on AC capacity numbers where available. For module suppliers’ market share analysis, we have used DC capacity numbers. b. Module and inverter suppliers – Jinko, BYD, Alpex, Seraphim, Ht-SAAE, ET Solar, Schneider, Ingeteam, Sungrow and GE were either unreachable or did not validate the data available with us. c. EPC contractors – In many projects, EPC contractor role is split between multiple parties. We have used several criteria including final responsibility for commissioning and value of contracts for determining credits. d. Self EPC- For these projects, EPC work is completed by developers in-house.

3. For solar tariff trend chart, viability gap funding (VGF), where applicable, has been converted to equivalent tariff. For Madhya Pradesh Rewa tender, levelized tariff has been shown after factoring in annual tariff escalation.4. Production numbers include both multi and mono crystalline module technology.5. Acronyms used a. GIPCL - Gujarat Industries Power Company Limited b. IREDA - Indian Renewable Energy Development Agency c. NTPC - National Thermal Power Corporation Limited d. SECI - Solar Energy Corporation of India Limited

Top 10 players(projects commissioned between Q4 2016 - Q3 2017)

Previousyear rank

5

6

3

4

8

1

-

-

9

-

Previousyear rank

1

6

2

-

3

7

-

5

10

-

Previousyear rank

1

2

4

3

8

10

5

6

-

7

Previousyear rank

1

-

4

-

2

-

-

6

7

9

Increase/ Decrease

Project developers Module suppliersIncrease/ Decrease

Inverter suppliersIncrease/ Decrease

EPC contractorsIncrease/ Decrease

Current rank

1

2

3

4

5

6

7

8

9

10

CompanyName

Greenko

ReNew

Acme

NTPC

Azure

Adani

SB Energy

Mahindra Susten

Shapoorji Pallonji

Fortum

Company Name

Trina

JA Solar

Canadian Solar

Risen

Hanwha

GCL

Jinko Solar

First Solar

Talesun

Hareon

Company Name

ABB

TMEIC

SMA

Hitachi

Sungrow

Huawei

Schneider

TBEA

GE

Delta

Company Name

Sterling & Wilson

Vikram Solar

Tata Power Solar

Jakson

Mahindra Susten

Belectric

Rays Experts

BHEL

Lanco

Rays Power Infra

Top 15 project developers(as of September, 2017)

0100

100

200

300

400

500

600

700

800

900

1,00

01,

100

1,20

0

1,300

300200 400 500 600 700 800 900 1,000 1,100 1,200 1,300 1,400 1,500 1,600

Pipeline, MW

Cum

ulat

ive

com

mis

ssio

ned

capa

city

, MW

Central government policyState government policy

Others

AdaniGreenko

ReNewAzure

Essel InfraNeyveli Lignite

Engie

Mahindra

Shapoorji PallonjiSB Energy

APGENCO

Hero Future Energies

TATA Power

NTPC

Acme

Solar tariff trend3

5.00

4.00

3.00

2.00

6.00

Tari

ff, M

/kW

h

Tend

er s

ize,

MW

4.34

2016 2017

Raj

asth

an, N

TPC

Mah

aras

htra

, SEC

I

Utt

ar P

rade

sh, N

TPC

Kar

nata

ka

Jhar

khan

d

Utt

ar P

rade

sh, S

ECI

Kar

nata

ka, N

TPC

Tela

ngan

a, N

TPC

Andh

ra P

rade

sh, S

ECI

Chha

ttis

garh

, SEC

I

Guj

arat

, SEC

I

Kar

nata

ka, S

ECI

Raj

asth

an, N

TPC

Odi

sha,

SEC

I

Mah

aras

htra

, SEC

I

Tam

il N

adu

Mad

hya

Prad

esh

REW

A

Andh

ra P

rade

sh, N

TPC

Raj

asth

an, S

ECI

Raj

asth

an, S

ECI

100420 450

1,170

1,200

125 500 100 250

300

130

750

250

250

Central government tenders State government tenders

350

400

950

450 500

1,500

4.36

4.89

4.41

4.78

4.69

5.85

5.48

5.08

5.05

5.044.80

4.784.67

4.66

4.97

4.73

4.825.01

4.94

4.98

4.944.36

4.35

4.814.58

4.42

3.303.15

2.63

2.622.45

2.44

3.47