Download - BRIDGE to INDIA_The India Solar Map_presentation

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www.bridgetoindia.com

INDIA SOLAR MAP

Jasmeet Khurana

BRIDGE TO INDIA

September 2013

[email protected]

Key highlights


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Disclaimer

2013 BRIDGE TO INDIA Energy Pvt. Ltd.All rights reservedApril 2013, New Delhi

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liability.For further enquiries, please contact:

Mr. Jasmeet [email protected]


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THE INDIA SOLAR MAP AN OVERVIEWThe India Solar Map is an all-in-one map that depicts the trends ofthe Indian solar market through simple and well-designedgraphics. We want this map to be a key ready reckoner for the solarindustry in India. We would like companies to retain and refer to

this map in order to understand the market developments andmake sound strategic decisions based on the insights from thismap.

BRIDGE TO INDIA interacts with various stakeholders in the marketon a regular basis to maintain a comprehensive project database.We also have in-house market models in place. We have checked

our numbers with the respective companies in order to avoid anymisrepresentation. Wherever information was incomplete orunavailable we have worked with assumptions that have been speltout in the map itself.

We would also request companies to help us achieve absolute

accuracy by cooperating with us and sharing the details of theirprojects. This will help us work towards providing a reliable andtruly representative picture of the industry for all to benefit from.We would continue with the India Solar Map as a part of theportfolio of products we offer.

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Source: BRIDGE TO INDIAproject database


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State policies have been the primary drivers

for projects commissioned till date

1.8 GW of projectshave been

commissioned as ofAugust 2013

Gujarat, Rajasthanand Maharashtra andare the top 3 stateswith the highest

commissionedprojects

There are 12 statesolar policies in placeup till date

With a considerable

number of LOIssigned, AndhraPradesh, Tamil Naduand Punjab will seethe most number ofprojectscommissioned in thenear future

Key takeaway

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Source: BRIDGE TO INDIA project database and industry interviews


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Around 42% modules used in India are thin film

First solar has thehighest market share

in the module market In crystalline

modules, Canadiansolar has the highestmarket share

5 out of top ten

suppliers are Chinese No Indian

manufacturer in top 5

Vikram solar is theonly Indianmanufacturer to

feature in the top 10 About only 18%

market is catered bythe domesticmanufacturers

Key takeaway

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40% of the market share is occupied by the top three

EPC companies

Moserbaer has donethe maximum EPC in

India Several new

companies haveforayed into the EPCspace and are doingrelatively well. Forexample, Raysexperts, Chemtrolssolar and Cirus solar.

40% of the marketshare is occupied bythe top 3 EPCproviders

Lanco has providedEPC to 75 MWMahagenco project

Key takeaway

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Many project developers in India are doing EPC in-house

Welspun Urja, as aproject developer, has

the maximum numberof projects in India

Moserbaer and Lancoare ranked in top 3under own EPC aswell

Key takeaway

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Around 50% of the market share is distributed between

SMA and Bonfiglioli

SMA continues tooccupy the largest

market share in Indiawhile Bonfiglioli iscatching up fast.

ABB has managed togain a significantmarket share in thelast couple of years

Schneider startedoperations recentlyand has managed tobuild a 6% share.

Key takeaway

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In the next one year more than 700MW will be developed

under state policies other than that of Gujarat

1.1 GW of solar PVcapacity addition is

expected in the nextone year

Most of this capacityaddition would beunder state policiesand projects based onRPOs

Going forward, nomajor installationsare expected underthe National SolarMission and Gujaratsolar policy

Many new projects areexpected to come upin the states of TamilNadu and AndhraPradesh

Key takeaway

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Source: BRIDGE TO INDIA project database

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Tariffs have fallen by 63% in the last 3 years

*Leveliz

edtariffofferedinTamilNaduhasbeencalculat

edconsidering5%escalati

onfor10years.

Discoun

trateof15%has beenassume

d

TariffsofferedinTamilNadumightchange

basedontheconsulta

tionpaperrelease

dbyTERC

Averag

etariff

offeredundervariouspoliciesarenot weighte

daverage

s

TariffsofferedinGujaratare

levelize

d

*Leveliz

edtariffofferedinTamilNaduhasbeencalculat

edconsidering5%escalati

onfor10years.

Discoun

trateof15%has beenassume

d

TariffsofferedinTamilNadumightchange

basedontheconsulta

tionpaperrelease

dbyTERC

Averag

etariff

offeredundervariouspoliciesarenot weighte

daverage

s

TariffsofferedinGujaratare

levelize

d

The lowest bid wasreported in

Rajasthan andAndhra Pradesh forabout INR 6.5

Gujarat is stilloffering the highestlevelized tariff inthe country

Average tariff forprojects in the year2013 has been INR7.7

Key takeaway

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* Levelized tariff has been calculated considering 5% escalation for 10 years.


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Average project sizes in India have been increasing overtime

The average projectsize has been

increasing steadily More projects are

being developed in the20-25 MW range aswell as some in the 50MW range

Some PV projects of100 MW have alsobeen announcedrecently

Key takeaway

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2.3GW solar installations are expected in the commercial

parity space in the next 4 years

The RPO drivenmarket is expected to

steadily increase The grid parity

commercial marketwill also increase asparity is reached inmore states

The telecom marketand the diesel paritymarket are bothdependent on theprice of diesel and theadoption of solar isexpected to increase

considerably in thecoming years

Key takeaway

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Source: BRIDGE TO INDIA market model


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