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India Solar Map December

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India Solar Map December INDIA SOLAR Lead sponsors Associate sponsor MAP 2019 DEC www.bridgetoindia.com Total utility scale solar capacity as on 31 December, 20191,2 Until 2015 2016 2017 2018 2019 Commissioned capacity 30,982 MW Pipeline capacity 20,220 MW HARYANA 156 JHARKHAND PUNJAB UTTARAKHAND 24 851 150 225 RAJASTHAN 4,501 10,588 953 1,297 UTTAR PRADESH BIHAR 2 106 Assam 100 12 GUJARAT 2,080 2,435 MADHYA PRADESH 2,324 336 WEST BENGAL 10 91 CHHATTISGARH 210 ODISHA 76 MAHARASHTRA 406 1,562 2,554 TELANGANA 3,517 252 ANDAMAN & NICOBAR ISLANDS 42 8 ANDHRA PRADESH 3,587 1,315 KARNATAKA MITCON Consultancy & Engineering 7,295 378 142 KERALA Solar power penetration 82 TAMIL NADU >10% 3,462 685 8-10% 6-8% 4-6% 2-4% Projects commissioned by Cleantech Solar in 2019 1-2% Leading players1 (Projects commissioned in 2019: 7,150 MW) Project developers - utility scale projects Project developers - C&I offtake projects Module suppliers Inverter suppliers EPC contractors (Total capacity - 6,606 MW) (Total capacity - 544 MW) (estimated DC capacity - 9,809 MW) (AC capacity - 6,978 MW) (AC capacity - 6,978 MW) RAYS INFRA SOLARPACK ASIAN FAB TEC OTHERS GREENKO KREDL HERO FUTURE MEDHA GIPCL GSECL HITACHI OTHERS ZOHO CORPORATION NA DELTA 2.00% 0.53% 0.61% LAKSHMI MACHINE WORKS TATA POWER 0.76% 5.22% MYTRAH 1.14% 1.14% 1.43% 1.36% 1.79% 1.44% 13.12% 2.94% 1.52% KEHUA L&T GRT 1.52% FOURTH PARTNERMITCON 10.70% NA ATHA 1.67% ARMSTRONG ENERGY 5.73% 0.92% 27.64% ZNSHINE 9.72% RISEN ENERGY 3.03% NLC 1.00% APGENCO 1.09% 7.36% CLEANTECH SOLAR HANWHA 1.47% HUAWEI SINENG 14.53% 3.03% 1.56% BEL 0.03% 10.03% 20.42% JAKSON 0.03% 7.04% STERLING & WILSON MARINE ELECTRICALSBEL 25.90% 8.81% ENGIE 1.78% CECEP 0.05% VIKRAM SOLAR 3.03% RENEW 12.80% 1.84% LIGHTWAY 0.18% 7.17% BHARATHI CEMENT 0.18% DAQO 0.18% SELF EPC MAHINDRA 3.18% 1.84% 31.85% HHV 0.30% GSFC 1.84% 11.44% 5.87% AMPLUS TALESUN 0.45% 5.35% TATA POWER TBEA 7.42% MAHINDRA 3.64% 1.84% 0.52% SPRNG WEBSOL 0.74% TECHNICAL ASSOCIATES GCL 1.84% 0.75% 3.50% 9.85% WBSEDCL GOLDI 0.94% 4.67% ADANI 3.79% 1.84% 1.15% JINKO 19.73% SB ENERGY ET SOLAR 3.50% FORTUM 1.15% 3.50% 10.12% HT SAEE 1.28% 4.45% TMEIC 4.46% 3.41% B-ELECTRIC 3.79% 1.38% WAAREE 12.88% NA 0.03% SRI JAYAJYOTHI CEMENTS CHINT 3.96% 0.11% 9.02% 3.68% CONTINUUM 1.44% ABB 2.92% ADANI PHONO SOLAR 0.13% 1.77% VIKRAM SOLAR 1.49% 3.84% 7.73% 0.14% 1.75% 1.55% 4.55% 6.06% VIBRANT ENERGY EMMVEE 3.64% WAAREE 0.21% 1.47% 3.68% 1.70% RENESOLA AZURE 0.23% REFEX 2.04% 0.49% 0.66% 5.83% SWELECT ORIANO 2.28% TRINA 0.70% 7.45% KPI GLOBAL SWELECT 1.33% JAKSON 1.34% 2.63% 13.23% TATA POWER 1.40% ENRICH 3.32% CANADIAN SOLAR 1.40% 1.40% AVAADA ADANI BOSCHLNVT BHEL AMERISOLAR LONGI ACME PREMIER ENERGIES RAYS POWER EXPERTS ADITYA BIRLA CSUN SUNTECH FOURTH PARTNER GAMESA GAMESA JA SOLAR SUNGROW AMARA RAJA SUN PHARMA HILD ENERGY RAYS POWER INFRA ASIAN FAB TEC PES ENGINEERS MARINE ELECTRICAL HARSHA ABAKUS Domestic manufacturers #1 SOLAR DEVELOPER 500 MW+ India Renewables Outlook TRUSTED BY CORPORATIONS Projects 2024 Long-term Partnerships Built on Ex [email protected] | www.cleantechsolar.com Sector overview Latest premium reports Capacity addition Key sub-sectors India RE Week India Renewables Outlook 2024 Module manufacturing INDIA SOLAR COMPASS 2018 It’s raining tenders Surge of new tenders and fall in module prices bring hope to the sector India Solar Rooftop Market Analytics Technology and prices Lead sponsor INDIA RE CEO SURVEY 2018 Land availability Forecasting and Scheduling Regulations Transmission infrastructure Customized rep Financing Solar Park Development in India Analyst time Subscription enquiries : [email protected] India Solar Powered by Navigator www.indiasolarnavigator.com The most comprehensive market intelligence tool for solar sector in India Policies Tenders Projects Leading players Prices News Opinion Enquiries - [email protected] | +91 124 420 4003 INDIA SOLAR Lead sponsors Associate sponsor MAP 2019 DEC www.bridgetoindia.com Top 10 players Leading developers (projects commissioned in 2019) 2015 2018 2019 2016 2017 Project developers Module suppliers Inverter suppliers EPC contractors Until Adani Current Company Previous Increase/ Company Previous Increase/ Company Previous Increase/ Company Previous Increase/ rank rank Decrease rank Decrease rank Decrease year rank Decrease Acme 1 NLC - Risen Energy 1 Huawei 5 Tata Power 3 ReNew 2 ReNew 6 Znshine 6 TMEIC 4 L&T 2 NTPC SB Energy 3 SB Energy 5 Vikram Solar 2 Sungrow 2 Sterling & Wilson 1 Azure 4 Azure Power 2 Tata Power - ABB 1 Mahindra Susten 5 Tata Power Avaada 5 Tata Power 9 Jinko - TBEA 3 Adani Infra - Greenko 6 Acme 1 Waaree 9 Sineng - B-Electric - NLC 7 Avaada 7 Renesola 5 Kehua - Vikram Solar 4 Hero Future Mahindra Susten 8 Adani - Canadian Solar - Delta 7 Refex Energy - Sprng Energy 9 Fortum - Csun - Hitachi 6 Oriano - Engie 10 Sprng Energy 10 JA Solar 8 Medha - Jakson 7 Ayana 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 Commissioned capacity Pipeline Tender issuance, successful auctions and capacity addition3 Issuance Auctions Capacity addition 35.7 29.9 GW GW 12.5 13.3 10.6 1.5 8.5 6.6 6.7 GW 6.6 GW 7.2 GW GW 5.3 5.1 5.1 GW GW GW 4.3 GW GW GW GW GW GW Upto 2015 2016 2017 2018 2019 Central government ISTS tenders Central government non-ISTS tenders State tenders Others Notes 1. Methodology unreachable or did not validate the data basis of capacity commissioned in the year. estimated solar capacity based on tender split between multiple parties. We have used 2. Location data is not available for 1,044 MW of Limited c. WBSEDCL – West Bengal State Electricity a. BRIDGE TO INDIA has conducted an extensive available with us. All data has been d. Pipeline includes projects that have been specifications and prevalent market norms. several criteria including final responsibility ISTS projects in pipeline. b. GSECL – Gujarat State Electricity Corporation Distribution Company Limited data collection exercise and relied on cross-referenced, where possible. However, allocated to developers but not yet f. All capacity numbers are specified in AC MW. for commissioning and value of contracts for 3. Cancelled tender capacity is excluded from Limited 6. Sponsors multiple market sources including MNRE, we do not guarantee completeness or commissioned. It also includes projects For module supplier market share analysis, determining credits. these charts. For solar-wind hybrid tenders, c. ISTS – Interstate Transmission System This map is sponsored by Cleantech Solar and CEA, state nodal agencies, project accuracy of any information. where the power purchase agreement may we have used DC capacity, where available, h. Self-EPC denotes EPC services rendered full capacity has been considered. b. SECI – Solar Energy Corporation of India Ginglong Solis (Lead Sponsors) and Growatt developers and equipment suppliers to b. Only grid connected projects above 5 MW not have been signed and/ or tariff may not and increased AC capacity by 50% in other in-house by developers or their affiliates, 4. Data is shown only for successful auctions. Limited (Associate Sponsor) but all production provide accurate, factual information as far (AC) have been considered in this report. have been approved by the regulators. cases. who are not engaged in providing EPC 5. Acronyms used: e. SCCL – The Singareni Collieries Company responsibility, editorial rights and copyrights as possible. Some suppliers were either c. Market shares for all players are given on the e. For solar-wind hybrid tenders, we have g. In many projects, the EPC contractor role is services to third party clients. a. GIPCL – Gujarat Industries Power Company Limited remain with BRIDGE TO INDIA. Capacity bid by individual developers4 (Auctions completed in 2019 - 19,335 MW) Total capacity bid, MW 100 100 50 200 184 150 130 100 10050 2,554 2,552 2,250 1,600 1,350 1,350 750 730 650 500 370 300 300 300 300 275 250 250 250 200 200 171 150 120 100 50 299 100% 90% 80% 70% 60% 50% Winning bids ratio 40% 30% 20% 10% 0% GRT Hero Eden TBEA SCCL Engie Adani NTPC ACME ACME Ayana GIPCL Others GSECL ReNew Avaada Fortum Juniper Waaree MSPGCL Mahindra ACB India ACB Shiv Solar Shiv Sembcorp SB Energy SB Montecarlo Rays Power JSW Energy JSW TATA Power Green horse Aqua Pumps Aqua Azure Power Azure Sukhbir Agro Sukhbir Think Energy UPC Renewable UPC Taurus commodities Taurus Indore Municipal Corp Municipal Indore Lead sponsors Associate sponsor #1 SOLAR DEVELOPER 500 MW+ TRUSTED BY CORPORATIONS Projects Long-term Partnerships Built on Ex [email protected] | www.cleantechsolar.com INDIA SOLAR MAP 2019 DEC Subscribe to the deepest market insights © BRIDGE TO INDIA Energy Private Limited P +91 124 4204003 Follow us on: Until E [email protected] 2015 2016 2017 2018 2019 C-8/5, DLF Phase 1, W www.bridgetoindia.com Gurugram - 122001 (HR), India Commissioned capacity 31,042 Pipeline capacity 20,220.
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