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INDIA SOLARROOFTOPMAP 2019MARCH
365 72 266 27
154851652
53182510
277
128
39206
12
372211 4
3312
165
2012 2
6
618 39 466 112
5315
18 20
393 42 288 64
29 9
21 12
3
6
11311
35 67
229 25 139 65
179
13568 2542
314 50 229 35
298 46 160 92
258101 96 62
Manipur, Assam, Meghalaya,Tripura, Mizoram, Nagaland,Sikkim, Arunachal pradesh
Puducherry, Dadra & Nagar Haveli,Goa, Daman & Diu, Lakshadweep,Andaman & Nicobar Islands, Himachal Pradesh
7515 31 29
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 Pradesh123 25 77 21
118 34 55 29
614
Growth rate of rooftop solar in last 3 years
Very high High Medium Low Very low
EPC contractorsMarket size - 1,836 MW
Annual market share1Capacity installed in FY 2019 (1,836 MW)
Inverter suppliersMarket size - 1,836 MW
Project developersMarket size - 688 MW
www.bridgetoindia.com
All figures in MW
Commercial Industrial Residential
OPEX² CAPEX²
Public sector
Total installed capacity: 4,375 MW¹as on March 31, 2019
926
1,320 3,055
2,140 619 690
8 MW
13.1
9% C
LEAN
TECH
SOL
AR
12.81% FOURTH PARTNER
9.37% CLEANMAX
8.72% AZURE
6.25% SU
NSOU
RCE
REN
EW P
OW
ER 4
.49%
AMPL
US 4
.10%
TEPS
OL 1.
80%
JAKSO
N 1.06
%
ORB ENERGY 0.92
%
TATA POWER SOLAR 0.90%
HINDUJA 0.73%
HFM SOLAR 0.41%
HERO FUTURE 0.37%
AMP SOLAR 0.26%
MAHINDRA SUSTEN 0.12%ADDWATT 0.07%
OTHERS 34.43%
Exclusive lead sponsor Associate sponsors
FY 2019 installation by other EPC contractors using GoodWe inverters in the state
11.11% SOLIS
10.35% ABB
10.02% SU
NGROW
8.88
%
SMA (INCL ZEVER) 8
.71%
GROWATT 8.17%
K-STAR 4.96%
SOLAREDGE 3.54%
HUAWEI 3.32%
INGETEAM 2.67%
FRONIUS 2.12%
STATCON EN
ERGIAA 1.58%
CONSU
L NEOW
ATT 1.58%POW
ER ON
E 1.36%
KACO
1.03%EN
ERTECH
0.71%H
AVELLS 0.27%O
THER
S 0.54%
19.06
% D
ELTA
4.35
% T
ATA
POW
ER S
OLA
R1.
49%
PRO
ZEAL
INFR
A1.
37%
SUN
SURE
1.36
% S
UNSH
OT
1.30%
FOU
RTH P
ARTN
ER
1.28%
BEL
ECTR
IC
1.25%
BOSCH
1.23% ORB ENERGY
1.09% SOLAR SQUARE
1.06% MAHINDRA SUSTEN
1.04% STERLING & WILSON
0.93% VIKRAM SOLAR
0.67% SUNSOURCE
0.57% SURE ENERGY
0.54% HAVELLS
0.52% TORP SYSTEMS
0.51% HARSHA ABAKUS
0.42% MADHAV INFRA
0.39% SURYADAY0.39% THERMAX 0.33% OV ENERGY0.32% SWELECT0.29% ENERPARC 0.26% JAKSON 0.26% ASUN
19.10% SELF-EPC BY
PROJECT DEVELOPERS
OTHERS 57.67%
66 85 29
6 MW
14 MW 10 MW
11 MW
6 MW
7 MW
19 MW
13 MW
18 MW
15 MW
FY 2019 installation by Tata Power Solar as EPC contractor using GoodWe inverters in the state
Paid reports
Indian Open Access Solar Market
Indian Rooftop Solar Market
Estimating Cost of Capital for Indian Solar Projects
India RE Policy Brief – Solar park development in India
Subscription packages
India RE Weekly
India Solar Compass
Customized reports
India RE Policy Brief & India RE Market Brief
Customized reports
INDIA RE CEO SURVEY 2018
Lead sponsor
Page 1© BRIDGE TO INDIA, 2018
Q1INDIA SOLAR COMPASS 2018
Surge of new tenders and fall in moduleprices bring hope to the sector
It’s raining tenders
India RE Weekly
INDIA SOLARROOFTOPMAP 2019MARCH
Installed capacity as on March 31, 2019
4,375 MW
Capacity addtion in key states, MW3
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 government 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 (operating expenditure)-based systems are owned and installed by third-party investors at consumer premises. CAPEX (capital expenditure)-based systems are financed and owned by the consumers.
3. This chart excludes residential consumer segment data.
Split of capacity addition by system size, MW
OPEX model market share2
YoY share of OPEX model has increased from 3% in FY 2013 to 37% in FY 2019
Top 10 playersCapacity installed in FY 2019
Current rank
1
2
3
4
5
6
7
8
9
10
Previousyear rank
1
5
7
-
-
2
3
4
10
8
Increase/ Decrease
Inverter suppliersCompanyName
Delta
Solis
ABB
Sungrow
GoodWe
SMA (incl Zever)
Growatt
K-star
SolarEdge
Huawei
Previousyear rank
1
-
3
-
2
-
-
6
-
4
EPC contractorsIncrease/ Decrease
Company Name
Tata Power Solar
Prozeal Infra
Sunsure
Sunshot
Fourth Partner
Belectric
Bosch
Orb Energy
Solar Square
Mahindra Susten
Previousyear rank
1
-
2
10
-
3
4
-
8
6
Project developersIncrease/ Decrease
Company Name
Cleantech Solar
Fourth Partner
CleanMax
Azure
SunSource
Renew Power
Amplus
TEPSOL
Jakson
Orb Energy CAPEX OPEX
Until FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
3% 5% 12% 19%20%
34%37%
Growth of rooftop solar vis-à-vis utility scale solar
Rooftop solar continues to grow consistently and is gaining increasing share of the solar market
0%
5%
10%
15%
20%
25%
30%
35%
Annu
al c
apac
ity a
dditi
on, M
W
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
Until FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
Utility scale solar Rooftop solar Share of rooftop solar
Exclusive lead sponsor Associate sponsors
Exclusive lead sponsor Associate sponsors
NavigatorIndia Solar
Leading players
www.indiasolarnavigator.com
PEW
+91 124 4204003 [email protected]
C-8/5, DLF Phase 1, Gurugram - 122001 (HR), India (
© BRIDGE TO INDIA Energy Private Limited
Maharashtra, Rajasthan, Gujarat, Karanataka and Tamil Nadu are the top five states by annual installation and account for 60% share of total market
-
200
400
600
800
1,000
1,200
1,400
1,600
1,800
Until FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
Maharashtra
Rajasthan
Gujarat
Karnataka
Tamil NaduUttar PradeshHaryanaMadhya PradeshAndhra PradeshPunjabOthers
29% of total installations are more than 1 MW in size
Total installation:4,375 MW
0
400
800
1,200
1,600
2,000
Until FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
<250 kW 250 - 1,000 kW >1,000 kW
Average system size has increased over the years due to the greater adoption by C&I consumers