GUJARAT

KERALA

RAJASTHAN

ANDAMAN &NICOBAR ISLANDS

TAMIL NADUSolar power penetration

>10%8-10%6-8%4-6%2-4%1-2%

10,5884,501

2,435

MAHARASHTRA 2,5541,562

UTTAR PRADESH1,297953

ANDHRA PRADESH1,3153,587

6853,462

KARNATAKA7,295 378

MADHYA PRADESH3362,324

8

42

PUNJAB851 150

82

142

ODISHA 76

406

TELANGANA2523,517

WEST BENGAL91

12

10

BIHAR106

2

HARYANA156

UTTARAKHAND225

JHARKHAND24

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INDIA SOLARMAP 2019DEC

Project developers - utility scale projects(Total capacity - 6,606 MW)

Project developers - C&I offtake projects(Total capacity - 544 MW)

Module suppliers(estimated DC capacity - 9,809 MW)

Inverter suppliers(AC capacity - 6,978 MW)

Leading players1

(Projects commissioned in 2019: 7,150 MW)

Lead sponsors Associate sponsor

Domestic manufacturers

25.90

% HUAWEI

19.73% TMEIC

SUN

GR

OW

13.

23%

ABB 12.88%

TBEA 7.42%

SINENG 7.04%

KEHUA 5.73%DELTA 2.94%

HITACH

I 1.79%M

EDH

A 1.43%

NA 5.22%

GAM

ESA

1.40

%H

ARSH

A AB

AKU

S 1.

40%

HIL

D E

NER

GY

1.40

%

PES

ENGI

NEE

RS

1.34

%

ASIA

N F

AB T

EC 1

.33%

AMAR

A RA

JA 0

.70%

MAR

INE

ELEC

TRIC

AL 0

.66%

RAYS

POW

ER IN

FRA

0.49

%

LNVT

0.2

3%

BOSCH 0.

21%

FOURTH

PARTN

ER 0.14

%

SWELECT 0.13

%

RAYS POWER EXPERTS 0.11%

WAAREE 0.03%NA 4.46%

SELF EPC 31.85%

10.7

0% T

ATA

POW

ER

9.72%

L&T

8.81% STERLING & WILSON

5.87% MAHINDRA

3.50% ADANI3.50% B-ELECTRIC

3.41% VIKRAM SOLAR

2.92% REFEX

1.77% ORIAN

O

1.75% JAKSON

1.55% EN

RICH

1.47% B

HEL

EPC contractors(AC capacity - 6,978 MW)

Sector overview

Capacity addition

Key sub-sectors

Module manufacturing

Technology and prices

Land availability

Transmission infrastructure

Financing

India Renewables Outlook2024

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NavigatorIndia Solar

2,080

CHHATTISGARH210

Total utility scale solar capacity as on 31 December, 20191,2

Pipeline capacity 20,220 MW

Until 2015

Commissioned capacity 30,982 MW

20192016 2017 2018

Projects commissioned by Cleantech Solar in 2019

ACM

E 5.

83%

AVAADA 4.

55%ADANI 3.79%FORTUM 3.79%

SPRNG 3.64%

MAHINDRA 3.18%

ENGIE 3.03%

APGENCO 3.03%

ATHA 3.03%

GRT 1.67%

MYTRAH 1.52%

HERO FUTURE 1.52%

ASIAN FAB TEC 1.44%GREEN

KO 1.36%GSECL 1.14%GIPCL 1.14%

KRED

L 0.76%SO

LARPACK

0.61%R

AYS INFR

A 0.53%O

THER

S 2.00%

14.5

3% N

LC

12.80% RENEW

9.85% SB ENERGY

9.02% AZURE

6.06% TATA PO

WER

500 MW+Projects

#1 SOLAR DEVELOPERTRUSTED BY CORPORATIONS

Long-term Partnerships Built on Exinfo@cleantechsolar.com | www.cleantechsolar.com

Policies Tenders Projects Leading players Prices News Opinion

The most comprehensive market intelligence tool for solar sector in India

www.indiasolarnavigator.com

Enquiries - marketing@bridgetoindia.com | +91 124 420 4003

Analyst time

India Renewables Outlook 2024

India Solar Rooftop Market Analytics

Forecasting and SchedulingRegulations

Solar Park Development in India

Latest premium reports

Customized rep

INDIA RE CEO SURVEY 2018

Lead sponsor

INDIA SOLAR COMPASS 2018

Surge of new tenders and fall in moduleprices bring hope to the sector

It’s raining tenders

India RE Week

7.36%

ZNSHINE

10.0

3% R

ISEN

EN

ERGY

7.17% VIKRAM SOLAR

5.35% TATA POWER

4.67% JINKO4.45% WAAREE3.84%

TRINA

3.96% RENESOLA

3.64% CAN

ADIAN

SOLAR

JA S

OLAR

2.6

3%

SUN

TECH

2.2

8%

LON

GI 2

.04%

ADAN

I 1.70

%

AMERISOLA

R 1.49

%

PREMIER ENERGIES 1.44%

EMMVEE 1.38%

CHINT 1.28%

PHONO SOLAR 1.15%

HT SAEE 1.15%ET SOLAR 0.94%

GOLDI 0.75%GCL 0.74%WEBSOL 0.52%TALESUN 0.45%HHV 0.30%

DAQO 0.18%

LIGHTWAY 0.18%

CECEP 0.18%

JAKSON 0.05%

BEL 0.03%

HANWHA 0.03%

NA 27.64%

CSU

N 3

.32%

Assam 100

20.42

% CLE

ANTECH S

OLAR

11.44% AMPLUS

10.12% CONTINUUM

7.73% KPI GLOB

AL

SUN

PH

ARM

A 7.

45%

ADIT

YA B

IRLA

3.68

%

SWELECT 3.68%

VIBRANT ENERGY 3.50%

SRI JAYAJYOTHI CEMENTS 1.84%WBSEDCL 1.84%TECHNICAL ASSOCIATES 1.84%GSFC 1.84%

BHARATHI CEMENT 1.84%

MARINE ELECTRICALS 1.84%

BEL 1.78%

ARMSTRONG ENERGY 1.56%

LAKSHMI MACHINE WORKS 1.09%

MITCON 1.00%

ZOHO CORPORATION 0.92%

FOURTH PARTNER 1.47%

OTHERS 13.12%

MITCON Consultancy & Engineering

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INDIA SOLARMAP 2019DEC

Top 10 players(projects commissioned in 2019)

Previousrank

-

6

5

2

9

1

7

-

-

10

Previousrank

1

6

2

-

-

9

5

-

-

8

Previousrank

5

4

2

1

3

-

-

7

6

-

Previousyear rank

3

2

1

5

-

-

4

-

-

7

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

Company

NLC

ReNew

SB Energy

Azure Power

Tata Power

Acme

Avaada

Adani

Fortum

Sprng Energy

Company

Risen Energy

Znshine

Vikram Solar

Tata Power

Jinko

Waaree

Renesola

Canadian Solar

Csun

JA Solar

Company

Huawei

TMEIC

Sungrow

ABB

TBEA

Sineng

Kehua

Delta

Hitachi

Medha

Company

Tata Power

L&T

Sterling & Wilson

Mahindra Susten

Adani Infra

B-Electric

Vikram Solar

Refex Energy

Oriano

Jakson

Leading developers

Capacity bid by individual developers4

INDIA SOLARMAP 2019DEC

Lead sponsors Associate sponsor

2019201820172016Until2015

Pipeline capacity 20,220Commissioned capacity 31,042

Total capacity bid, MW(Auctions completed in 2019 - 19,335 MW)

PE

+91 124 4204003marketing@bridgetoindia.com

W www.bridgetoindia.com

Follow us on:

C-8/5, DLF Phase 1,Gurugram - 122001 (HR), India

© BRIDGE TO INDIA Energy Private Limited

Tender issuance, successful auctions and capacity addition3

Win

ning

bid

s ra

tio

0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500

Adani

Acme

ReNew

NTPC

Azure

Tata Power

Avaada

Greenko

Hero Future

Mahindra Susten

Sprng Energy

2017

2016

Unt

il20

15

Ayana

SB Energy

NLC

Engie

2019

2018

Central government ISTS tenders Central government non-ISTS tenders State tenders Others

Notes1. Methodologya. BRIDGE TO INDIA has conducted an extensive

data collection exercise and relied on multiple market sources including MNRE, CEA, state nodal agencies, project developers and equipment suppliers 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, where possible. However, we do not guarantee completeness or accuracy of any information.

b. Only grid connected projects above 5 MW (AC) have been considered in this report.

c. Market shares for all players are given on the

basis of capacity commissioned in the year. d. Pipeline includes projects that have been

allocated to developers but not yet commissioned. It also includes projects where the power purchase agreement may not have been signed and/ or tariff may not have been approved by the regulators.

e. For solar-wind hybrid tenders, we have

estimated solar capacity based on tender specifications and prevalent market norms.

f. All capacity numbers are specified in AC MW. For module supplier market share analysis, we have used DC capacity, where available, and increased AC capacity by 50% in other cases.

g. In many projects, the 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.

h. Self-EPC denotes EPC services rendered in-house by developers or their affiliates, who are not engaged in providing EPC services to third party clients.

2. Location data is not available for 1,044 MW of ISTS projects in pipeline.

3. Cancelled tender capacity is excluded from these charts. For solar-wind hybrid tenders, full capacity has been considered.

4. Data is shown only for successful auctions. 5. Acronyms used:a. GIPCL – Gujarat Industries Power Company

Limitedb. GSECL – Gujarat State Electricity Corporation

Limitedc. ISTS – Interstate Transmission Systemb. SECI – Solar Energy Corporation of India

Limitede. SCCL – The Singareni Collieries Company

Limited

c. WBSEDCL – West Bengal State Electricity Distribution Company Limited

6. SponsorsThis map is sponsored by Cleantech Solar and Ginglong Solis (Lead Sponsors) and Growatt (Associate Sponsor) but all production responsibility, editorial rights and copyrights remain with BRIDGE TO INDIA.

Commissioned capacity Pipeline

Lead sponsors Associate sponsor

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500 MW+Projects

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NTP

C

Avaa

da

ReN

ew

Adan

i

TATA

Pow

er

SB E

nerg

y

UPC

Ren

ewab

le

Azur

e Po

wer

Mah

indr

a

MSP

GCL

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 171200 184 150 130 100 100 50

100 100

150 120 100 50 299

50Ju

nipe

r

Eden

Ayan

a

ACM

E

TBE

A

GSE

CL

Fort

um

ACM

E

Her

o

Engi

eJS

W E

nerg

ySe

mbc

orp

Waa

ree

SCCL

GIP

CLGR

TSu

khbi

r Agr

oR

ays

Pow

erIn

dore

Mun

icip

al C

orp

Thin

k En

ergy

Mon

teca

rlo

ACB

Indi

aGr

een

hors

eTa

urus

com

mod

ities

Shiv

Sol

arAq

ua P

umps

Oth

ers

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Issuance Auctions

Capacity addition

Upto 2015 2016 2017 2018 2019

5.3GW

6.7GW 4.3

GW5.1GW

5.1GW

8.5GW

29.9GW

12.5GW 6.6

GW

35.7GW

13.3GW 7.2

GW

10.6GW 6.6

GW

1.5GW