JAMMU & KASHMIR KERALA MAHARASHTRA RAJASTHAN HARYANA PUNJAB CHANDIGARH UTTARAKHAND DELHI JHARKHAND BIHAR CHHATTISGARH ODISHA ANDHRA PRADESH TAMIL NADU TELANGANA States with net metering All figures in MW www.bridgetoindia.com Commercial Industrial Residential OPEX 2 CAPEX 3 Government 132 33 98 1 35 7 6 22 12 7 3 2 16 3 10 4 5 3 2 9 7 1 1 11 5 3 3 6 2 1 3 89 3 69 17 17 4 11 2 46 7 21 18 8 1 2 5 10 5 3 2 55 2 6 47 57 4 33 18 INDIA SOLAR ROOFTOP MAP 2016 NORTH EAST States with gross metering Total installed capacity: 1,020 MW 1 as of September 30, 2016 32 16 12 4 25 9 18 OTHERS GUJARAT 69 31 21 17 KARNATAKA 51 8 28 15 UTTAR PRADESH 33 12 12 9 MANIPUR, ASSAM, MEGHALAYA, TRIPURA, MIZORAM, NAGALAND, SIKKIM, ARUNACHAL PRADESH WEST BENGAL 14 6 6 2 MADHYA PRADESH 13 1 8 4 Total installed capacity by Su-Kam in the state Lead sponsor Associate sponsor 17 5 5 7 263 167 853 377 121 260 Net metering implementation status as per a survey of industry participants 4 Good Average Poor 6 1 2 1 1 4 1.1% BOSCH 1.1% SURE ENERGY 1.1% HERO FUTURE ENERGIES 1.2% STERLING & WILSON 1.3% VIKRAM SOLAR 1.5% HARSHA ABAKUS 1.5% CHEMTROLS 1.6% FOURTH PARTNER 1.9% KOTAK URJA 0.8% INSOLARE 0.7% MAHINDRA SUSTEN 0.6% PREMIER SOLAR 0.6% SOLON 0.6% C&S ELECTRIC 0.5% 8MINUTES 0.5% EMMVEE 0.4% RAYS POWER EXPERTS 0.4% SUNSOURCE 0.3% WAAREE 0.2% ENERPARC ENERGY 0.2% ORIANO SOLAR 0.2% UJAAS 16.8% SELF EPC BY PROJECT DEVELOPERS 0.9% ORB Energy 0.9% REIL 0.9% PHOTON SOLAR 1.0% THERMAX 1.0% SWELECTES 1.1% RELYON OTHERS 49.6% 7.7% TATA POWER SOLAR 2.0% JAKSON EPC contractors (Market size- 513 MW) OTHERS 26.5% 23.0% CLEANMAX SOLAR 11.4% AMPLUS SOLAR 7.8% AZURE POWER 6.8% CLEANTECH SOLAR RAYS EXPERTS 5.8% JAKSON 3.5% WELSPUN ENERGY 3.2% HERO FUTURE ENERGIES 3.0% SURYADAY 2.6% FOURTH PARTNER 2.0% RENEW POWER 1.2% MAHINDRA SUSTEN 1.1% MI SOLAR 1.0% RENOVA SOLAR 0.6% JBM 0.4% Inverter suppliers (Market size- 513 MW) Annual market share (Systems installed between October 2015 - September 2016) 25.3% SMA 33.1% DELTA KACO 5.7% OTHERS 7.5% STATCON ENERGIAA 2.2% VISPRA 1.1% REFUSOL 0.7% FRONIUS 4.4% SUNGROW 3.7% CONSUL NEOWATT 2.9% GROWATT 1.5% SWELECTES 1.3% ENERTECH 1.1% Project developers (Market size- 115 MW) SU-KAM 3.7% Focus on grid tied inverters Focus on hybrid and off grid inverters ABB 4.2%
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INDIA SOLAR ROOFTOP - Tata group SOLAR ROOFTOP MAP 2016 NORTH EAST ... PHOTON SOLAR 1.0% THERMAX 1.0% SWELECTES 1.1% RELYON ... Tata Power Solar Jakson Kotak Urja
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MAHINDRA SUSTEN 1.1%MI SOLAR 1.0%RENOVA SOLAR 0.6%JBM 0.4%
Inverter suppliers(Market size- 513 MW)
Annual market share(Systems installed between October 2015 - September 2016)
25.3% SM
A
33.1% DELTA
KACO 5.7%
OTHERS 7.5%
STATCON ENERGIAA 2.2%
VISPRA 1.1%REFUSOL 0.7%
FRONIUS 4.4%
SUNGROW 3.7%
CONSUL NEOWATT 2.9%
GROWATT 1.5%
SWELECTES 1.3%
ENERTECH 1.1%
Project developers(Market size- 115 MW)
SU-KAM 3.7%
Focus on grid tiedinverters
Focus on hybrid andoff grid inverters
ABB 4.2%
Installed capacity as on September 30, 2016
1,020 MW
INDIA SOLARROOFTOPMAP 2016
Estimated capacity addition over next 12 months
1,192 MW
Associate sponsor Lead sponsor
BRIDGE TO INDIA is a consulting and knowledge services provider in the Indian cleantech market. We use our strong multi-functional expertise combined with comprehensive in-house research capability to develop
insightful industry analyses. Our overarching goal is to provide customised cleantech solutions and enable innovative business models in India. We work actively with all leading stakeholders including project developers and investors, energy customers, equipment suppliers, regulators, policy makers and development institutions.
Uniqueunderstanding
of the Indiancleantech market Market
Intelligence
Strategy Consulting
TransactionAdvisory
Head OfficeC-8/5, DLF Phase 1,Gurgaon - 122001 (HR)India
We expect India’s total rooftop solar capacityto reach 12.7 GW by 2021
2021
Projections for rooftop solar capacity6Rooftop solar system cost trends5
2012 2013 2014 2015 2016
Syst
em c
ost (
M/W
p)
0
10
20
30
40
50
60
70
80
90
100
Module Inverter BOS and others
Rooftop solar system costshave fallen by 12% per annum
on an average in last four years
Top 10 players(October 2015 - September 2016)
CompanyName
CleanMax Solar
Amplus Solar
Azure Power
Cleantech Solar
Rays Experts
Jakson
Welspun Energy
Hero Future Energies
Suryaday
Fourth Partner
Previousyear rank
1
5
3
-
-
-
-
6
-
7
Previousyear rank
1
2
4
-
-
-
-
7
6
-
Previousyear rank
1
-
-
7
2
-
9
-
10
-
Increase/ Decrease
Project developers Inverter suppliersCompany Name
Delta
SMA (including Zever)
Kaco
Fronius
Su-Kam
Sungrow
ABB
Consul Neowatt
Statcon Energiaa
Growatt
Increase/ Decrease
EPC contractorsCompany Name
Tata Power Solar
Jakson
Kotak Urja
Fourth Partner
Chemtrols
Harsha Abakus
Vikram Solar
Sterling & Wilson
Hero Future Energies
SuRe Energy
Increase/ Decrease
Current rank
1
2
3
4
5
6
7
8
9
10
Notes:1. We have classified all on-site solar systems (including any ground based systems) as rooftop systems.
2. OPEX (operating expenditure) systems are owned and installed by third party investors on a PPA basis at the consumer’s premises.
3. CAPEX (capital expenditure) systems are owned and installed by the consumer.
4. Survey participants include – in alphabetical order – 8minutes, Aditya Green, Asun, Bosch, Emmvee, Fourth Partner, Hero Future Energies, Jakson, Kotak Urja, Mahindra Susten, Rays Infra, Solon, SunSource, SuRe Energy System and Vikram Solar.
5. Rooftop solar system costs are estimated for a 100kWp system installed on an industrial shed.
6. The projections are based on a detailed market model created by BRIDGE TO INDIA. Economic viability has been considered as the primary driver for rooftop solar adoption. Impact of already known central and state level policy initiatives has also been considered.
7. Grid parity status: a. Variable grid tariff is calculated after adjusting for fixed charges and ToD charges. b. Rooftop solar power cost is calculated for a 100kWp system and factors in an escalation of 2% per annum.
India rooftop solar market- key insights and statistics