INDIA SOLAR ROOFTOP
2
21 16 MW 8 MW 10 MW 22 MW 22 MW 52 MW 21 MW 14 MW All figures in MW Commercial Industrial Residential OPEX² CAPEX² Public sector Total installed capacity: 3,399 MW 1 as on September 30, 2018 903 2,496 785 1,591 502 521 INDIA SOLAR ROOFTOP MAP 2018 SEPTEMBER Total installed capacity using Huawei inverters in the state 312 65 233 14 141 80 13 48 33 12 12 9 26 7 11 8 26 10 5 11 32 20 10 2 22 11 6 5 20 12 2 6 473 359 93 48 14 15 19 270 40 195 34 26 8 12 19 11 3 5 97 8 32 57 187 18 109 61 113 49 40 24 90 33 24 33 220 46 146 28 273 43 140 89 223 100 77 45 Manipur, Assam, Meghalaya, Tripura, Mizoram, Nagaland, Sikkim, Arunachal pradesh Puducherry, Dadra & Nagar Haveli,Goa, Daman & Diu, Lakshadweep, Himachal Pradesh 69 14 30 24 Others Jammu & Kashmir Kerala Maharashtra Rajasthan Haryana Punjab Chandigarh Uttarakhand Delhi Jharkhand Bihar Chhattisgarh Odisha Andhra Pradesh Tamil Nadu Telangana North East Gujarat Karnataka Uttar Pradesh West Bengal Madhya Pradesh 97 18 67 12 63 22 28 13 6 Capacity addition from Oct 2017 to Sep 2018, MW > 100 45-100 10-45 <10 EPC contractors Market size - 1,538 MW Annual market share 1 Capacity installed from Oct 2017- Sep 2018 (1,538 MW) Inverter suppliers Market size - 1,538 MW Project developers Market size - 559MW www.bridgetoindia.com Lead sponsors Associate sponsors Total capacity developed by CleanMax in the state 1 MW 2 MW 9.0% SMA 9.0% SOLIS 25.5% DELTA GOODWE 7.3% SCHNEIDER 1.4% INGETEAM 0.7% ENERTECH 0.6% TMEIC 0.3% OTHERS 0.7% CONSUL NEOWATT 1.8% POWER-ONE 1.4% FRONIUS 2.6% K-STAR 6.3% ABB 6.6% 2.2% KACO ENERGIAA 1.9% HUAWEI 5.9% SUNGROW 8.3% GROWATT 5.8% SOLAREDGE 2.6% 1.1% SURYADAY 1.0% SURE ENERGY 1.0% FOURTH PARTNER 0.6% VIKRAM SOLAR 0.6% MADHAV INFRA 1.9% SUNSURE 1.5% ORB ENERGY 0.8% ADDWATT 2.0% MAHINDRA SUSTEN 17.9% SELF EPC BY PROJECT DEVELOPERS 1.8% BOSCH 1.5% PROZEAL INFRA 1.4% SUNSHOT 0.3% TORP SYSTEMS 0.4% ARGO SOLAR 0.6% SUNSOURCE 0.8% JAKSON 0.4% ENERGIAA 0.4% STATKRAFT BLP 0.3% CLEANMAX 0.3% SWELECT 0.3% BOOND 0.3% HAVELLS 0.9% STERLING & WILSON 0.9% SOLAR SQUARE 0.6% HARSHA ABAKUS 0.7% THERMAX OTHERS 55.3% 4.4% TATA POWER SOLAR OTHERS 28.0% 20.2% CLEANTECH 6.6% FOURTH PARTNER 15.6% CLEANMAX 8.8% RENEW SUNSOURCE 3.8% AMPLUS 3.8% THINK ENERGY 2.0% VIVAAN SOLAR 1.3% CENTAURUS 1.7% TATA POWER SOLAR 0.9% HERO FUTURE 0.8% MADHAV INFRA 0.7% TORP SYSTEMS 0.6% ADDWATT 0.5% HFM SOLAR 0.3% SWELECT 0.2% AZURE 4.3%
Transcript of INDIA SOLAR ROOFTOP
21
16 MW
8 MW
10 MW
22 MW
22 MW
52 MW
21 MW
14 MW
All figures in MW
Commercial Industrial Residential
OPEX² CAPEX²
Public sector
Total installed capacity: 3,399 MW1
as on September 30, 2018
903 2,496
785 1,591 502 521
INDIA SOLARROOFTOPMAP 2018SEPTEMBER
Total installed capacity usingHuawei inverters in the state 31265 233 14
141801348
3312
129
267
118
2610
511
322010
2
22116
5
20122
6
473 359 93
48 14 15 19
270 40 195 34
268
12
19 113
5
97 8 32 57
187 18 109 61
11349 40 24
9033 2433
220 46 146 28
273 43 140 89
223100 77 45
Manipur, Assam, Meghalaya,Tripura, Mizoram, Nagaland,Sikkim, Arunachal pradesh
Puducherry, Dadra & Nagar Haveli,Goa, Daman & Diu, Lakshadweep, Himachal Pradesh
6914 30 24
Others
Jammu & Kashmir
Kerala
Maharashtra
Rajasthan
Haryana
Punjab
Chandigarh
Uttarakhand
Delhi
Jharkhand
Bihar
Chhattisgarh
Odisha
Andhra Pradesh
Tamil Nadu
Telangana
North East
Gujarat
Karnataka
Uttar Pradesh
West Bengal
Madhya Pradesh97 18 67 12
6322 28 13
6
Capacity addition from Oct 2017 to Sep 2018, MW
> 100 45-100 10-45 <10
EPC contractorsMarket size - 1,538 MW
Annual market share1Capacity installed from Oct 2017- Sep 2018 (1,538 MW)
Inverter suppliersMarket size - 1,538 MW
Project developersMarket size - 559MW
www.bridgetoindia.com
Lead sponsors Associate sponsors
Total capacity developed by CleanMax in the state
1 MW2 MW
9.0% SMA
9.0%SOLIS
25.5%DELTA
GOOD
WE
7.3%
SCHN
EIDER
1.4%IN
GETEAM
0.7%EN
ERTECH
0.6%TM
EIC0.3%
OTH
ERS
0.7%
CONSUL N
EOWATT 1.8%
POWER-ON
E 1.4%
FRONIUS 2.6%
K-STAR 6.3%
ABB 6.6%
2.2%
KACOENERGIAA
1.9%
HUAWEI 5.9%
SUN
GROW
8.3%
GROWATT 5.8%
SOLAREDGE 2.6% 1.1%SURYADAY
1.0%SURE ENERGY
1.0%FOURTH PARTNER
0.6% VIKRAM SOLAR0.6% MADHAV INFRA
1.9%
SUN
SURE
1.5%
ORB ENER
GY
0.8% ADDWATT
2.0%
MAH
IND
RA S
UST
EN
17.9% SELF EPC BY
PROJECT DEVELOPERS
1.8%
BOSC
H1.5
%PROZE
AL INFRA
1.4%SUNSHOT
0.3% TORP SYSTEMS
0.4% ARGO SOLAR0.6% SUNSOURCE
0.8% JAKSON
0.4% ENERGIAA
0.4% STATKRAFT BLP0.3% CLEANMAX0.3% SWELECT0.3% BOOND
0.3% HAVELLS
0.9% STERLING & WILSON
0.9% SOLAR SQUARE
0.6% HARSHA ABAKUS0.7% THERMAX
OTHERS 55.3%
4.4%
TATA
PO
WER
SO
LAR
OTHERS 28.0%
20.2
% C
LEAN
TECH
6.6% FOU
RTH
PARTN
ER
15.6% CLEANMAX
8.8% RENEWSU
NSOUR
CE 3
.8%
AMPLUS 3.8%
THINK ENERGY 2.0%
VIVAAN SOLAR 1.3%
CENTAURUS 1.7%
TATA POWER SOLAR 0.9%
HERO FUTURE 0.8%
MADHAV INFRA 0.7%
TORP SYSTEMS 0.6%ADDWATT 0.5%
HFM SOLAR 0.3%SWELECT 0.2%
AZU
RE
4.3%
CAPEX and OPEX model market share2
Notes:
1. Methodology
BRIDGE TO INDIA has conducted an extensive data collection exercise and relied on multiple market sources including project developers, equipment suppliers and state nodal agencies to provide accurate, factual 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 govern-ment departments and other market players, where possible. However, we do not guarantee completeness or accuracy of any information.
We have classified all onsite solar systems (including any ground-based systems) as rooftop systems.
2. OPEX model-based systems are owned and installed by third-party investors at consumer premises. CAPEX model involves consumers financing and owning the systems.
3. Our projections are based on an internal model based on economic viability and grid connectivity as the primary drivers for rooftop solar adoption.
4. This chart excludes residential consumer segment data.
Share of different consumer segments in total capacity
Top 10 playersCapacity commissioned from Oct 2017 to Sep 2018
Current rank
1
2
3
4
5
6
7
8
9
10
Previousyear rank
1
2
-
6
-
4
-
10
-
-
Increase/ Decrease
Inverter suppliersCompanyName
Delta
SMA
Solis
Sungrow
Goodwe
ABB
K-star
Huawei
Growatt
SolarEdge
Previousyear rank
1
-
-
7
-
-
-
-
-
2
EPC contractorsIncrease/ Decrease
Previousyear rank
2
1
4
-
5
-
3
-
-
3
Project developersIncrease/ Decrease
Company Name
Cleantech
CleanMax
ReNew
Fourth Partner
Azure
SunSource
Amplus
Think Energy
Centaurus
Vivaan Solar
Company Name
Tata Power Solar
Mahindra Susten
Sunsure
Bosch
Orb Energy
Prozeal Infra
Sunshot
Suryaday
Sure
Fourth Partner
Capacity addition in key states4
Historic market growth and projections3
Lead sponsors Associate sponsorsCu
mul
ativ
e ca
paci
ty a
dditi
on, M
W
0
500
1,000
1,500
2,000
2,500
3,000
Sep 2014 Sep 2015 Sep 2016 Sep 2017 Sep 2018
Others
PunjabAndhra PradeshDelhiHaryana
Gujarat
Uttar Pradesh
Rajasthan
Karnataka
Tamil Nadu
Maharashtra
1.0
2.0
3.0
4.0
5.0
6.0
7.0
Ann
ual c
apac
ity a
dditi
on, M
W
Cum
ulat
ive
capa
city
add
ition
, MW
5.0
10.0
15.0
20.0
25.0
FY2015 FY2016 FY2017 FY2018 FY2020e FY2021e FY2022e FY2023eFY2019e
We expect 15.3 GW of total capacity addition by March 2022 - 38% of the government’s 40 GW target
Upto FY2014
Commercial Industrial ResidentialPublic sector
CAPEX OPEX
Until 2012 2013 2014 2015 2016 2017 YTD Sep-2018
YoY share of OPEX model has increased from 3% in 2012 to 35% in 2018
Top five states account for 54% of total capacity
C&I market share has been increasing steadily but we expect it to stabilise at current levels
INDIA SOLARROOFTOP
Installed capacity as on September 30, 2018
3,399 MW
Associate sponsors
MAP 2018SEPTEMBER
PEW
+91 124 [email protected]
C-8/5, DLF Phase 1,Gurugram - 122001 (HR), India
© BRIDGE TO INDIA Energy Private Limited
Lead sponsors
2013
2014
2015
2016
2017
YTD Sep-2018
Until 2012
Subscription packages
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