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7/27/2019 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
Key highlights
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BRIDGE TO INDIA, 2013 2
Disclaimer
2013 BRIDGE TO INDIA Energy Pvt. Ltd.All rights reservedApril 2013, New Delhi
All products are owned by BRIDGETO INDIA and are protected by Indian copyright andinternational copyright/intellectual property laws under applicable treaties and/orconventions.
BRIDGE TO INDIA retains exclusive and sole ownership of each report disseminated under thisagreement. The user cannotengage in any unauthorized use, reproduction, distribution, publication or electronic
transmission of this product or the information/forecasts therein without the express writtenpermission of BRIDGE TO INDIA. No part of this product may be used or reproduced in anymanner or in any form or by any means without mentioning its original source.
BRIDGE TO INDIA makes no warranties, expressed or implied, as to the ownership, accuracy,or adequacy of the content of this product. BRIDGE TO INDIA shall not be liable for anyindirect, incidental, consequential, or punitive damages or for lost revenues or profits, whetheror not advised of the possibility of such damages or losses and regardless of the theory of
liability.For further enquiries, please contact:
Mr. Jasmeet [email protected]
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BRIDGE TO INDIA, 2013 3
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.
B
RIDGET
OINDIA,2013
Source: BRIDGE TO INDIAproject database
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BRIDGE TO INDIA, 2013 4
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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RIDGETOINDIA,2013
Source: BRIDGE TO INDIA project database and industry interviews
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BRIDGE TO INDIA, 2013 5
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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RIDGETOINDIA,2
013
Source: BRIDGE TO INDIA project database and industry interviews
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BRIDGE TO INDIA, 2013 6
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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RIDGETOINDIA,2013
Source: BRIDGE TO INDIA project database and industry interviews
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BRIDGE TO INDIA, 2013 7
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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RIDGETOINDIA,2013
Source: BRIDGE TO INDIA project database and industry interviews
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BRIDGE TO INDIA, 2013 8
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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RIDGETOINDIA,20
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Source: BRIDGE TO INDIA project database and industry interviews
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BRIDGE TO INDIA, 2013 9
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
BRIDGETOINDIA,2013
Source: BRIDGE TO INDIA project database
B
RIDGETOINDIA,20
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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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RIDGETOIN
DIA,2013
Source: BRIDGE TO INDIA project database
* 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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RID
GETOINDIA,2013
Source: BRIDGE TO INDIA project database
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BRIDGE TO INDIA, 2013 12
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
B
RIDGETOINDIA,2013
Source: BRIDGE TO INDIA market model
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BRIDGE TO INDIA, 2013
Contact
www.bridgetoindia.comFollow us on facebook.com/bridgetoindia
We are happy to supportyou in all further queries.
Thank you for your attention