1. business and industrial
2. energy
3. renewable energy
4. solar energy

INDIA SOLAR
ROOFTOP
www.bridgetoindia.com
Premium sponsor
MAP 2015
Total installed capacity: 285 MW
as of October 31, 2014
Sector
97
76
Commercial
112
Industrial
285MW
Residential
10.3
35.9
249.6
With MNRE subsidy
5.7
1.0
285MW
Without MNRE subsidy
JAMMU & KASHMIR
3.6
Sector
7.3
2.2
10.2
6.1
1.0
Sector
15.1
2.3
0.7
3.5
1.1
1.8
Sector
2.4
7.5
Sector
MNRE
Subsidy
3.9
10.3
17.5
1.9
UTTARAKHAND
CHANDIGARH
2.1
3.1
4.8
HIMACHAL PRADESH
PUNJAB
2.7
9.7
4.5
3.9
MANIPUR, ASSAM, MEGHALAYA,
TRIPURA, MIZORAM, NAGALAND,
SIKKIM, ARUNACHAL PRADESH
Sector
MNRE
Subsidy
HARYANA
7.2
2.1
1.0
Sector
8.5
12.9
DELHI
MNRE
Subsidy
4.5
Sector
3.1
MNRE
Subsidy
4.8
6.4
3.9
RAJASTHAN
5.2
0.3
Sector
MNRE
Subsidy
UTTAR PRADESH
BIHAR
MADHYA PRADESH
1.5
0.3
0.5
0.7
Sector
0.1
MNRE
Subsidy
1.1
4.2
Sector
3.1
MNRE
Subsidy
2.1
0.4
0.6
Sector
3.7
JHARKHAND
2.4
0.6
0.7
Sector
36.9
3.2
WEST BENGAL
15.1
1.7
0.9
0.6
Sector
9.8
12
9.8
Sector
MNRE
Subsidy
0.6
9.6
MNRE
Subsidy
5.2
CHATTISGARH
GUJARAT
2.6
ODISHA
2.4
3.0
0.6
1.1
Sector
MNRE
Subsidy
Sector
4.7
13.5
0.8
1.8
0.9
MNRE
Subsidy
7.4
MAHARASHTRA
0.7
3.7
Sector
MNRE
Subsidy
3.2
TELANGANA
16.3
0.9
0.6
12.4
1.7
Sector
3.6
5.7
2.2
3.7
6.9
1.5
Sector
MNRE
Subsidy
ANDHRA PRADESH
KARNATAKA
6.6
1.9
Sector
MNRE
Subsidy
50.3
13.3
3.0
18.2
States with rooftop solar policy/scheme
6.6
KERALA
3.7
Major presence of Su-Kam
11.0
Sector
TAMIL NADU
States with net metering policy
(including draft policies)
20.9
4.4
Sector
MNRE
Subsidy
All figures in MW
Note
In case your company feels that any number/information
is imprecise, please contact us at
[email protected]
Cumulative market shares
(for rooftop projects commissioned until October 2014)
DE
TA
M
KA
-
.0%
32
SU
R
TH
ER
MA
X
AN
CO
20.6% SU-KAM
RBA
2.9%
MOS
E
3.5% SUNED
IS
15
.0%
%
2.4
E
VE
M
EM
EN
OV
RJA
KU
OTA
K
2.0%
5%
12.
IC)
UMER
LY N
RMER
O
LECT (F
WE
1.9% S
C
Inverter Suppliers- Grid Tied
Market share for this category is based on our estimates that
out of total solar rooftop market of 285 MW (as of October 30th,
2014), 173 MW is in the grid tied sector (mainly commercial and
industrial)
In an era of growing energy needs and rising
concerns about the environment, Su-Kam offers
a wide portfolio of solar products range from 100
watts to 100 MW. This extensive range is suitable
for the smallest residential home systems as also
multi-megawatt power plants.
Solar Solutions
f 5RRI7RS2Q*ULGDQG2II*ULG6ROXWLRQV
f +RPH/LJKWLQJ6ROXWLRQIURPZDWWWRZDWW
f '&+RPH/LJKWLQJ6ROXWLRQV
Off-Grid
f 8WWDU3UDGHVK1HZ(QHUJ\'HYHORSPHQW$JHQF\
f 7ULSXUD5HQHZDEOH(QHUJ\'HYHORSPHQW$JHQF\
f 7DPLO1DGX(QHUJ\'HYHORSPHQW$JHQF\
f *$7(6,QVWLWXWHRI7HFKQRORJ\
f $VVDP6WDWH(OHFWULFLW\%RDUG
f $VVDP5LIOHV
On-Grid
f 1DWLRQDO+\GURHOHFWULF3RZHU&RUSRUDWLRQ1+3&
f 1DWLRQDO,QVWLWXWHRI7HDFKHUV7UDLQLQJ5HVHDUFK
f &5(673XQMDE(QJLQHHULQJ&ROOHJH
f (QJLQHHUV,QGLD/LPLWHG
www.su-kam.com I Toll Free No. 1800-102-4423
The following companies have confirmed the data: Delta,
Refusol, Kaco, Fronius, OPS India, Swelect, Sukam, ABB and
Chint Solar.
Inverter Suppliers- Off Grid and Hybrid
Market share for this category is based on our estimates that
out of total solar rooftop market of 285 MW (as of October 30th,
2014), 112 MW is in the off grid and hybrid sector (mainly
residential)
Others include, Gensol, HBL Power, OPS, Refex Energy,
Martifer, Jain Irrigations, GERMI and other small players
Installers- Industrial and Commercial Segment
Installers- Residential segment
The following companies have confirmed the data: Tata Power
Solar, Lanco, Sunedison, Thermax, Emmvee, Novus Green,
Kotak Urja, Mahindra EPC, Vikram Solar, S&W, Solon, Ujaas,
Azure, Harsha Abakus, Bosch, Godrej 7 Boyce, Premier Solar,
Fourth Partner, Gautam Polymer, Addwatt, Rays Experts and
Sunsource
The following companies have confirmed the data: Sukam, Tata
Power Solar, Azure, Asun, Bosch and Godrej & Boyce.
Market share for this category is based on our estimates that
out of total solar rooftop market of 285 MW (as of October 30th,
2014), 173 MW is in the grid tied sector (mainly commercial and
industrial)
Market share for this category is based on our estimates that
out of total solar rooftop market of 285 MW (as of October 30th,
2014), 112 MW is in the off grid and hybrid sector (mainly
residential)
Common Footnote for all analysis
For the first time in India, BRIDGE TO INDIA publishes
comprehensive data for the rooftop solar market in India. This
market has huge potential, but is still fragmented and in an
early stage. In order to collect the data, we interacted with
around 100 installers and component suppliers for project level
data. Extrapolating from the project data and using our own
market segmentation models, we conclude that the rooftop
solar market in India as of October 2014 has a cumulative
capacity of 285 MW. However, as this was the first attempt at
collecting data from this fragmented market, we were not only
able to receive comprehensive location, technology and
customer data for the entire installed capacity in the country.
The data depicts the current market share and might change in
the future. Further we have tried to provide factual and
accurate data as far as possible. However, this data has been
collected from various sources and we cannot guarantee the
integrity of this data.
RS
62
.2%
HE
RS
HE
The following companies have confirmed the data: Sukam,
Emerson, OPS India and VISPRA
OT
36
.2%
IA
ND
SI
OP
OT
19
.0%
clu A
de DV
s s AN
ha CE
re D
of EN
Re ER
fu GY
so 2
l) 1.4
%
(in
E
YC
BO AR ER
& OL TN
EJ R S AR
RS
DR MIE H P LS
ME
GO RE RT TRO
OY
PL
8% P OU M
0. .8%% F CHEWI AM T RTS
0
U T T
0.7.6%% JGAUDWAEXPE CE
0 .6 % D YS UR
0 .5 % A A SO
0
R
0.5.4% SUN
0 .4%
0
N
SO
ER
EM
A
SM
.0%
21
%
.1
23
1.4% VIKR
AM SOLAR
1.3% S
TERLIN
G&W
1.3%
ILSON
R
1.2% EIL
U
J
1.2
% H AAS
1.
E
1.0 1% H RO FU
TU
0.9 % IN ARS
RE
HA
0 %
S
SE
AB
NE
0. .9% SO OLA
A
9% B LO
RG
RE
K
U
Y
S
JA OSC N
KS H
ON
Methodology
Projects
OW
AP
T
TA
S
ER
A EP
1.9% MAHINDR
1.7% LUMINOUS
Seamless support for end-to-end
solar solutions under one roof.
AR
OL
RE
G
US
%N
2.3
VISPRA 13.0%
KACO 8.1%
AZ
UR
E
SO
LA
4.0
%
L
.4%
25
ER
2.
4%
CH
PO
W
1.
0%
2.6
%
TE
TA
2.6
%L
ER
RO
TA
6.4%
EN
VI
L&T
EN
0%
10.
S
RS
HE
PP
Installers residential segment
ER
Installers - industrial and
commercial segment
OT
ly SW -KA
N E
M
OP um LEC 1
S I eri T .2%
ND c) 1.2
%
IA
1.7
%
FR
ON
IUS
3.6
%
1.3%
RS 1
er
SU
E
OTH
rm
.2%
T 0 6%
IN 0. .6%
CH RONG 0 0.6%%
T E
1
NO A ATT B 1.
OW AB
NE
SIG
(fo
Inverter suppliers offgrid and hybrid
ON
Inverter suppliers grid tied
1.1% WAAREE
0.9% MOSERBAER
0.5% PREMIER SO
LAR
0.4% Q
0.4% A UANTA POW
ER
ZURE
0.4%
0 % ASUN
0..34%
EL-S
0
O
0.1.2% BRADIA L ENER
% G OSC NT
G
OD H SOLA Y
RE
R
J&
BO
YCE
Grid Parity Status
Grid parity status for industrial consumers
Grid parity status for residential consumers
12
12
10
10
10
2
Assumptions
• Cost of solar power has been calculated by using following assumptions:
System size
50 kWp
Escalation in cost
4% per annum
of solar power (w.r.t.
tariff in 1st year)
EIRR expectation
15%
EPC cost
M70/Wp
O&M cost
M100,000 p.a.
O&M escalation
6% p.a.
Annual degradation
0.80%
• Effective tariff = Base tariff + 40 paise (additional charges/taxes)
Assumptions
• Cost of solar power is calculated using BTI financial model using following assumptions
System size
100 kWp
Escalation in cost
4% per annum
of solar power (w.r.t.
tariff in 1st year)
EIRR
15%
EPC cost
M68/Wp
O&M cost
M1 lakh p.a.
O&M escalation
6% p.a.
Annual degradation
0.80%
• Effective tariff = Base tariff + 40 paise (additional charges/taxes)
Cost of solar power
Cost of solar Power with
Accelerated Depreciation (AD)
Viable without AD
Viable with AD
Assumptions
• Residential grid tariff are defined telescopically. We have taken weighted average
calculated for 400 kWh consumption per month
• Cost of solar power is calculated using BTI financial model using following assumptions
System size
4kWp
Escalation in cost
4% per annum
of solar power (w.r.t.
tariff in 1st year)
EIRR
15%
EPC cost
M85/Wp
O&M cost
M80,000 p.a.
O&M escalation
6% p.a.
Annual degradation
0.80%
• Effective tariff = Base tariff + 30 paise (additional charges/taxes)
Cost of solar power
Cost of solar Power with
Accelerated Depreciation (AD)
Viable without AD
Viable with AD
Chhattisgarh
Uttarakhand
Assam
Bihar
Uttar Pradesh
Odisha
Gujarat
Tamil Nadu
Rajasthan
Madhya Pradesh
Himachal Pradesh
Delhi
Haryana
Telangana
Andhra Pradesh
Karnataka
Maharashtra
Uttarakhand
Chhattisgarh
Assam
Gujarat
Madhya Pradesh
Kerala
Himachal Pradesh
Haryana
Jharkhand
Tamil Nadu
Rajasthan
Bihar
Telangana
Andhra Pradesh
Uttar Pradesh
Punjab
Karnataka
West Bengal
Delhi
Odisha
Maharashtra
0
Chhattisgarh
Uttarakhand
Gujarat
Madhya Pradesh
Jharkhand
Assam
Himachal Pradesh
Haryana
Bihar
Uttar Pradesh
Kerala
Punjab
Rajasthan
West Bengal
Telangana
Andhra Pradesh
Odisha
Tamil Nadu
Delhi
Karnataka
0
Maharashtra
0
2
4
Jharkhand
2
4
6
Kerala
4
6
8
West Bengal
6
8
Punjab
8
Effective tariff (M/kWh)
12
Effective tariff (M/kWh)
Effective tariff (M/kWh)
Grid parity status for commercial consumers
Cost of solar power
Projections for rooftop solar
Rooftop solar y-o-y capacity addition
Cumulative capacity addition by 2018
Cumulative capacity addition by 2018 under
different scenarios
450
Commercial
(CAGR 99%)
Residential
(CAGR 82%)
400
281
279
223
Uttarakhand
Commercial
Himachal Pradesh
For residential consumers, economic viability will not be the key driver in the initial years. Instead, growth will be driven by the need for power
(especially in medium and small cities) and other non-economic motives.
Jammu & Kasmir
Bihar
Chhattisgarh
Jharkhand
Odisha
Kerala
Methodology
For industrial and commercial consumers, the main driving factor to go solar is economic attractiveness. As grid power costs rise and solar costs fall,
the adoption of rooftop solar increases. Calculations have been at the state level and then aggregated for the national total. No government incentives
have been considered in these projections. However, we assume that net-metering will be widely available.
Haryana
0
Delhi
0
2018
Madhya Pradesh
2017
476
50
Gujarat
2016
502
491
200
Karnataka
2015
150
Rajasthan
2014
598
600
100
Industrial
(CAGR 133%)
0
677
669
200
West Bengal
100
800
250
Punjab
200
300
Commercial
Uttar Pradesh
300
Industrial
Tamil Nadu
400
350
Andhra Pradesh
500
Residential
Maharashtra
Capacity (MW)
600
Capacity (MW)
By 2018, cumulative 1.5 GW
of rooftop solar is expected
to be installed in India
700
400
Capacity (MW)
800
Industrial
Residential
Methodology
The key differentiators in the scenarios are (1) the successful implementation of net-metering policies and (2) the development of grid power prices.
In the conservative scenario, net-metering is available only in a few states and grid power prices rise more slowly than in the last years. In the
aggressive case, we assume that most Indian states will have net-metering by 2016 and tariffs will rise more rapidly than in the last years.
Conservative
Base
Aggressive
Sponsored taxonomy
INVERTER SUPPLIERS
Investment Bank / Financing
EPC companies
Greenstone Investment Bank
Mafatlal Centre, 11th Floor,
Nariman Point,
Mumbai - 400021, India
Contact Person:
Rahul Goswami
E: [email protected]
M: +91 9930328107
www.greenstoneadvisory.com
Su-Kam Power Systems Ltd.
54, Udyog Vihar, Phase VI, Sector-37
Gurgaon - 122001,
Haryana, India
Contact Person: Ashish Sethi
(Vice President-Solar Projects)
E: [email protected]
M: +91 8800120046
P: +91 124 4170500
F: +91 124 4038702,4038700
www.su-kam.com
Solon India Pvt. Ltd.
Corp office: # 147, Panchavati Colony,
Road No – 10, Banjara Hills,
Hyderabad – 500034,
Telangana State, India
E: [email protected]
P: +91 40 23399155
F: +91 40 23399156
www.solon.com
IndiaSolarHomes
INDIA SOLAR
Connecting vendors to customers
Premium sponsor
ROOFTOP
MAP 2015
India's first B2C
comprehensive solar platform
Sell your solar systems
• Reduce your customer acquisition
& marketing cost
• Get verified leads and price ready
customers
• Get to know your competition
• Interact with a large base of
customers at one location
Kirloskar Integrated
Technologies Ltd.
13/A, Karve Road, Kothrud,
Pune ‐ 411 038, India
Contact Person:
Dr. Devendra Goyal
Mr. Rahul Desale
E: [email protected]
[email protected]
[email protected]
P: +91 9552515301
+91 8605000745
www.kitlgreen.com
www.kirloskarsolar.com
Position your solar brand
Sell your solar products
• Showcase your skills and
capabilities
• Market your project portfolio
• Generate and track interest from
customers
• Target customers from the
location of your interest
• Increase visibility of your solar
products
• Receive feedback and reviews
from users
• Know how your product ranks
against your competitors'
• Generate user interest and track it
Commissioned
285MW
Note: IndiaSolarHomes 2.0 will be launched in Jan'15. If you want the ISH benefit as an early bird vendor (free 2 months service),
contact us at [email protected] latest by Dec 15, 2014.
Thought leadership reports
As a key stakeholder in the solar market, BRIDGE TO INDIA regularly partners with
important market stakeholders to publish thought leadership reports that help
guide the market. We try and do this through "pictures of tomorrow”, based on an
analysis of the economic, technical, regulatory and policy fundamentals of solar in
India. Recently we have worked with Tata Power Solar, Greenpeace and Prayas. If
you want to partner with us on such a report, please reach out to us.
“How should india drive its solar
transformation? Beehives or
elephants”
This is a joint report by BRIDGE TO INDIA and TATA POWER
SOLAR. The report compares four distinct scenarios of solar
power generation – residential rooftops (solar bees), large
rooftops (solar pigeons), utility scale projects (solar horses)
and ultra- mega projects (solar elephants). Each scenario is
analysed in terms of not only levelized cost of energy (LCOE)
but also landed cost of power (LCOP) which measures the
cost to a consumer at the point of consumption, rather than
at the point of generation. The report also evaluates each of
the four distinct scenarios in terms of speed of deployment,
implementation challenges and potential for job creation.
Choose BRIDGE TO INDIA media
channels for all your advertising needs
BRIDGE TO INDIA media channels offer advertisers the opportunity to promote
their business throughout the year on the most targeted and respected platform in
the Indian solar industry. Key benefits include:
• High quality, unbiased content and impeccable reputation
• Focused access to key decision makers in the private and public sector
• Wide reach through a mix of print, online and social media
Our Reach
The estimated readership of our online specialized content is more than 20,000
and the estimated downloads for our thought leadership reports are over 7,000.
EPC
companies
Others
19%
The India Solar Compass is a quarterly market analysis
report on the developments in the Indian solar market. It
contains the latest key insights and analysis of the state of
Indian policies, projects, industry and financing.
Our services
8%
Rigourous analysis
India solar handbook
Business strategy
The India
Solar
Handbook
In-depth knowledge
June 2013 edition
A complete industry overview
for solar energy in India
8% Financial
institutions
Our
360º
approach
Projects
Investor/bank perspective
44%
Real life challenges
© BRIDGE TO INDIA, 2013
You can write to us at [email protected] to subscribe to our
weekly newsletters
For more details contact
[email protected]
1
India solar policy briefs
In our India Solar Policy Briefs, we analyze the fast
developing policy landscape and bring clarity to key aspects,
such as investment opportunities, power demand, and
payment security and allocation procedures.
Market
Intelligence
Always up-to-date
Industry access
360 degree view
Project
developers
India solar decision briefs
LIBOR
INDIA SOLAR
DECISION BRIEF
Bankability
and Debt
Financing
for Solar
Projects in
India
Head Office
N-117 Panchsheel Park
New Delhi – 110017
India
You can use this link http://www.bridgetoindia.com/our-reports/ to read and
download all our reports
The India Solar Handbook is an annual introductory report
on the Indian solar market. It provides an extensive
examination on the Indian solar market by answering
critical questions on the market.
and banks
On-ground information
Module & equipment
manufacturers and
suppliers
India solar compass
BRIDGE TO INDIA is the leading boutique consultancy and knowledge provider in
the Indian clean-tech market. We work with leading Indian and international
companies, governments and Institutions. Through our different activities, we have
a unique vantage point on the market dynamics, combining the comprehensive,
constantly updated 360 degree view of our market intelligence, the in-depth
analysis of our consulting efforts and the on-ground understanding from project
development. Our goal is to enable innovative clean-tech solutions in India.
1% Government
officials
20%
Our reports
Consulting
“The grid integration of distributed
solar photovoltaic (PV) in India”
This is a joint report by BRIDGE TO INDIA and Prayas. The
report documents existing technical standards and
practices. It specifically addresses (1) the quality of the
solar power being injected into the grid, (2) safety issues,
(3) ways in which distributed PV can support the grid and
help its own reliable integration, and (4) the interaction of
distributed PV and the distribution LT grid. The objective of
this report is to propose a possible way forward for
a structured and effective grid integration of distributed
PV in India.
About BRIDGE TO INDIA
P +91 11 46 08 15 79
E [email protected]
www.bridgetoindia.com
www.facebook.com/bridgetoindia
www.twitter.com/bridgetoindia
India Solar Future
© BRIDGE TO INDIA, 2013
© BRIDGE TO INDIA, 2013
Illustration by Kavya Bagga
1
In our India Solar Decision Briefs, we give in-depth analysis
on specific aspects of the market. Our latest report with
Greenpeace analyzes the potential for rooftop solar in Delhi.