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MAP 2015
Total utility scale solar capacity as of September 2015 (MW)
Central PV allocation CSP State PV allocation Other PV

Commissioned (Comm.)
219

4,678 MW

JAMMU & KASHMIR 1,330 2,064 1,066

Projects under development (PUD)
862

8,707 MW
280 7,953 474
222
Tenders in progress (Tenders) 300
9

4,060 MW
197
3,760

1,295 16 862
PUNJAB
29
Comm. PUD

UTTARAKHAND
150

266 5
5 29

55
Comm. PUD
ASSAM 10
10

65
19 PUD

DELHI
910

HARYANA
3
5
3 5 2 395
8 55 150 1 2
153 Comm. 150
Comm. PUD Tenders
130

50 BIHAR 130 150

1
127

PUD Tenders 100

35

670 10
RAJASTHAN
UTTAR PRADESH
112
811 10 910
Comm. PUD Tenders
2,700 600 14 395 100

146 565 MW MW Comm. PUD Tenders

MEGHALAYA
300 195 250

18

MADHYA PRADESH JHARKHAND

2

224 370 250 16

Comm. PUD Tenders Comm.
1,031

128

700
750
MW 150 MW WEST BENGAL 7
7
MW Comm. 2
40
35
250

GUJARAT CHATTISGARH
500
863
33
40 250 5 35
Comm. Tenders Comm. PUD
1,750
78
403
5

136
ODISHA
2,580 40

50
1,000
MW 116 971
200 33
80
Comm.

MAHARASHTRA
246 50
40

67 10 500 35
Comm. PUD Tenders 930 111
200 MW

155 TELANGANA 76
5 2,500
41
661
10
34 Comm. PUD
50

117

2,500
ANDHRA PRADESH 44 260 1,750

KARNATAKA
13
1,600 MW Comm. PUD Tenders
15 896 MW 2,040
Comm. PUD

40

225
Risk profile of Distribution Companies
13
(as per CRISIL, 2013)
High Medium low 13
KERALA 188

11
Comm.

Solar parks being developed by TAMIL NADU 26 2,000

Solar Energy Corporation of India (Capacity) Comm. PUD

All figures in MW

Cumulative market shares

(for projects commissioned until August 2015)
Project developers Module suppliers Inverter suppliers EPC contractors
7.6% WELSPUN

SHAN
SCHEUCAR 0.6%
RE

REFUS P 0.5%
HAREONO 0.

SUN TEK 8%

OTHEROSL 10.4%
EINN EL 0.6 %

IBCPHOTORIC 00.7%%
SCH LDEL 0.8.0%
QS SUTTEN 0.8%%

OTHE
HERS
ZU

Crystalline
JA

BE REM SCHR 0. .9%

SAN

SHABREA 0.5%
SOL A 0.6%
WEBLAR 0.7.7%

KS HEM
ON
%A

GRO 0.6%
BYD 0.5%

LEC IE 0 8%
SOL N 0 .7%
T W 0.5%

P
DEL NO 0.9 %
SIE TCON
O
SU

L
OV

TER NS 0. 0%
S

ON TR HE
C

RS 5
ST
7.6% OT

Thin film
DI
5.4

BH CH 1 .0%
NT

BO WE S 0 .4%

T R .7
M

AR .6%
NE

TA
A

PO OL L 1
SU

0.5%

.1%
E C 1 2%

SO
K

5%
SU

.7%
0.5%
NW AA

0
RE L 1 .2%

LA Both
TM

DU CI EM
.
6%

R RU
EL S 1
UJ

M
EI

FR PO
4.

1.

%
9

S VE
C

ON NT SO
HE

E E
2.5

CM
.

TI 1. LA
LI

A 1.
ER R
%

3 5
OS

% CN 1.3 % VIK 1.5 %

3.8 NE P RA ME
2.

XP V1 % MS IL %
9%

OW R
NCO .3% LA OL 1.5
AGE ER
SO
AE AR % C
MAH 2.1 T G4 1.8 lf EP
3.4% YIN
%
IR
S .2% ENR %
Se
GLI F B ICH
2.3% AB 1.9% .2%
FRA .6% HARSH 31
SSEL IN 15 .3% A ABA
2.7% E HANW 30
KUS 2
.0%
HA 2.6 HITA
% CHI 7
.1% UJAAS 2.2%
2.5% NTPC
OTHERS 44.4% VIKRAM SOLAR 2.7%
2.3% TO RAYS EXPERTS 2.4%
RR ENT 10.0% TRIN
.7%
SHARP 2 A
2.0% X 2.6%
HP PPL REFE
1.9%
MA 3.4% IDER 8
.1% %
LPA VEE SCHNE 3.3
1.7 EMM EE
%
AD
NI
W AAR 6.7
1.3 %
% ITY .5% % ST
1. T AB T3 3.4 ER
1. 1% ATA IRL IN 9. RA LIN
1% RE PO A CH 3% D G&
W NE WE CA IN
0%
%

H
1. 1% OLA NCE

AN W WI
4. MA
A 3.4

R NA
1% RO

LS
1. % S LIA

EE
5.9

E DI ON
FR R
1.1 % RE NJ LL

TO HA

RE
%

P
IN WE

AN
1.0 % PU O

%
22
DA

AA
3.6
1.0 % HER NI

.2%
0.9 ADA

L&
PO
.4%

.6%
0.9% IL&FS

5.5%
Y

6.4%

W
0.9% LANCO

.2%

R 4.5%
0.9% IRAN ENERG

WI
GR

R4

T
0.9% K HINDRA
0.8% MA

YS
0.6%
7%
% 0.8% MADHAV INFRA
0.8% SEMBCORP

4.5%

SM
JINKO 4.6%

CO 3
JU
OU

RA
15
APEX CLOTHING 0.7

A
IR
VIKRAM 0.

MO
R
OL

A
P

LI
ED

ENE
CSUN
SWELECT

LAN

TATA POWER SOLA

LIO
S

SER
IR

ER
EC

FIG
S
YO

OLA
T

BAER
D

N
PO

BO
TA
TA
Y

GRID SCALE >50MW

INDEPENDANT
POWER PRODUCER
Mr Tumul Dwivedi (Country Representative)
tumul@solarcapital.co.za LOWEST COST
www.solarcapital.co.za SOLAR POWER
PRODUCER
| +91 11 6654 4708
> 250 MW installed
 Top 10 market leaders Winning bid range for solar tenders
Project developers Module suppliers Inverter suppliers EPC contractors 18.00
17.91

Highest winning bid

13.00 12.54 12.45
Rank Company Rank Increase/ Company Rank Increase/ Company Rank Increase/ Company Rank Increase/ 12.24 Lowest winning bid
2015 Name 2014 Decrease Name 2014 Decrease Name 2014 Decrease Name 2014 Decrease 12.00 Fixed tariff

1 Azure 7 First Solar 5 ABB 1 Mahindra Susten - 11.00

10.94
2 Acme 5 Trina 4 SMA 5 S&W 4 10.00
9.28 9.44 9.33 9.34

M/kWh
3 SunEdison 3 Canadian Solar 3 Hitachi 4 Rays Power Infra 10 9.00 8.74
8.5 8.6
8.05 8.9 7.98
4 Essel Infra - Renesola 2 TMEIC - L&T 8 8.00 7.81 7.74 7.76 7.72
7.94 7.9 8.01 7.12
5 Welspun 2 Waaree - Schneider 3 Juwi - 7.67 6.97 6.85 6.89
7.00 7.49
6.49 6.58
6.85 6.88 7.02
6 Torrent 4 Emmvee 7 Helios 9 Vikram Solar - 6.66 6.71 5.89 5.98
6.00 6.47 6.44 6.42 6.45 5.64
6.00
7 Waneep - Tata Power Solar 1 Bonfiglioli 2 Harsha Abakus 7 5.54
5.00 5.51
5.05 5.17 5.09
8 Renew - Jinko 10 TBEA - Waaree -
4.00
9 Solairedirect - Vikram Solar - Delta - BHEL -

RPSSGP

Gujarat P1, 320 MW

NSM P1 B1, 150 MW

Gujarat P2, 565 MW

NSM P1 B2, 350 MW

Karnataka P1, 60 MW

Madhya Pradesh P1, 200 MW

Karnataka P1, 130 MW

Punjab P1, 200 MW

Uttar Pradesh P1, 200 MW**

Andhra Pradesh P1

Madhya Pradesh P2, 100 MW

Chhattisgarh P1, 100 MW

Karnataka P2, 50 MW

NSM P2 B1 (DCR), 375 MW

NSM P2 B1 (Open), 375 MW

Uttar Pradesh P2, 300 MW**

Andhra Pradesh P2, 500 MW*

Karnataka P3, 500 MW

Telangana P1, 500 MW

Uttarakhand P1, 30 MW

Punjab P2, 250 MW

Uttar Pradesh P3, 215 MW**

Madhya Pradesh P3, 300 MW

Telangana P2, 2000 MW

Punjab P3, 500 MW

10 Hero - Chint 6 Sungrow 7 Emmvee 9

2011 2012 2013 2014 2015

Notes: "Original tariffs in Andhra Pradesh have an escalation of 3% per year for 10 years. For the purpose of
"2014 rank has been calculated based on projects commissioned between Jan to Dec 2014. this analysis, levelised tariff has been calculated based on an EIRR of 16%..
2015 rank has been calculated for projects commissioned between Jan to Aug 2015 only.
For ranking analysis of EPC contractors, own EPC has not been included." ** Unlike most states that have a PPA tenure of 25 years, the tenure in Uttar Pradesh is 12 years.
"-" signifies that the company was not in top 10 in 2014.

Pipeline for top 15 private project developers in India (MW) Year-wise share of thin film vs. crystalline modules (%) Year-wise share of Indian and imported modules (%)
(as of September, 2015)

100% 94 51 58 70 90 71 100%
1,200
5
90% 90%
14
80% 80%
1,000 28
70% 70% 29
34
60% 60% 42

Share (%)
Share (%)

800 50% 49 50%

42
40% 40%
60
Capacity (MW)

30% 30 29 30%
600 40 60
49
20% 20% 39
59
10% 10 10%
6
400 0% 0% 35 26 19 13 26 22
2010 2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015
(until 31st August) (until 31st August)

200
Crystalline Thin film India China Other countries

Note
Based on available data for 4,139 MW of modules used in commissioned projects in India.
0

Notes
Acme

Welspun

Adani

SunEdison

Renew

Azure

Mytrah

NTPC

Skypower

Hindustan Power
Projects Ltd.

Today Group

Suzlon

Shapoorji Pallonji

Essel Infra

Mahindra

1. BRIDGE TO INDIA has conducted an extensive data collection exercise and relied on multiple market sources to provide accurate, factual c. In many projects, EPC contractor role is split between various parties. We have used multiple criteria for determining credits including
information as far as possible. However, we cannot guarantee completeness or accuracy of this information. final responsibility for commissioning and value of contracts.
2. For almost all projects, the data available with BRIDGE TO INDIA has been cross-referenced with data provided by other market players. 7. Market information for module suppliers:
3. Only grid connected projects above 1 MW have been considered. a. Market share for this category is based on available data for only 4,139 MW of projects.
b. The following companies were unreachable or have not confirmed the data: LDK, BHEL, CSun, BYD, Hareon, Webel, REC, Sunwell, Solar
4. For most of the analysis, we have relied on AC capacity numbers where available. Frontier, Scheuco, Einnova, Shan Solar, Schutten, Suntech, Nexpower, Yingli.
5. Market information for project developers: 8. Market information for inverter suppliers:
Pipeline Commissioned a. Market share for this category is based on available data for 4,459 MW of projects. a. Market share for this category is based on available data for only 3,890 MW of projects.
b. Credit for the 50 MW Welspun-Mahagenco JV project has been given 50:50 to Mahagenco and Welspun respectively. b. The following companies were unreachable or have not confirmed the data: Bonfiglioli, Schneider, Siemens, Statcon, Santerno, Refusol,
Notes 6. Market information for third-party EPC contractors: Sharp, Sungrow, Helios and Eltek.
PPAs have not been signed in Telangana, Madhya Pradesh and Punjab. The capacity allocated to developers in these states is subject to a. Market share for this category is based on available data for only 4,046 MW of projects.
final PPA signing. NTPC, NHPC, SECI and other public sector companies have not been considered for this analysis. b. In some cases, procurement responsibilities for some or all of the equipment may be excluded from the scope.

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PROJECT DEVELOPERS
Commissioned
SkyPower
SkyPower New Delhi Office
ACME Cleantech Solutions Pvt. Ltd.
Plot No. 152, Sector-44,
4,678MW
4th Floor, Rectangle No.1 Gurgaon, Haryana - 122002, India Project under development
Behind Saket Sheraton Hotel Contact Person:
Commercial Complex D4, Saket Mr. Manish Karna, Ms. Vijeta Chaudhary 8,707MW
New Delhi - 110017, India
E: manish.karna@acme.in
SkyPower Global vijeta.chaudhary@acme.in
Tenders in progress
First Canadian Place
100 King Street West 30th Floor
M: +91 8588010331, +91 9873481330 4,060MW
www.acme.in
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Contact Person: Mr. Vikas Verma
E: executiveteam@skypower.com
www.skypower.com

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