www.bridgetoindia.com

INDIA REMAP 2019SEPTEMBER

Lead sponsor Associate sponsor

Total utility scale wind and solar capacity as on 30 September 20191

All figures in MW

Leading players1

(projects commissioned between October 2018 - September 2019, totaling 8,972 MW)

Project developers

13.6

% S

B EN

ERGY

12.6% NLC

9.3% RENEW POWER

7.8% AZURE POW

ER

4.6% SPRN

G ENERGYTA

TA P

OW

ER 4

.5%

APGE

NCO

4.5

%

MYT

RAH

4.2%ADANI 4

.1%FORTUM 2.8%AVAADA 2.7%ENGIE 2.6%

GREENKO 2.3%

INOX WIND 2.3%

MAHINDRA SUSTEN 2.2%

ESSEL INFRA 1.8%

ACME 1.7%

GRT 1.6%

HERO FUTURE 1.1%

RAYS POWER INFRA 1.1%

CONTINUUM 1.1%

OTHERS 11.4%

Domestic manufacturers

Module suppliers(estimated DC size - 8,173 MW)

Inverter suppliers(AC size - 6,320 MW)

24.2%

TM

EIC

19.9% HUAWEI

SUN

GR

OW

15.

5%

TBEA 11.3%

ABB 11.1%

DELTA 5.7%

HITACHI 5.1%KEH

UA 3.2%

GE 1.3%

SCHN

EIDER

1.3%O

THER

S 1.4%

Solar EPC contractors(AC size - 6,164 MW)

SELF-EPC 31.5%

S&W

9.6%

8.8%

TAT

A PO

WER

6.6% MAHINDRA SUSTEN

5.5% L&T

5.2% VIKRAM SOLAR

4.2% REFEX4.1% B-ELECTRIC

3.2% KEC

2.4% ORIAN

O

2.4% JAKSON

1.6% EN

RICH

1.6% SIEM

ENS G

AMESA

1.6% H

ARSH

A ABAK

US

OTHERS 0

.7%

LANCO 0

.6%

MARIN

E ELE

CTRICA

L 0.8

%

BHEL

1.4

%

RAYS

POW

ER IN

FRA

1.6%

PREM

IER

SOLA

R 1

.6%

PES

ENGI

NEE

RS 1

.6%

MCN

ALLY

BHA

RAT

1.6

%HI

LD E

NER

GY 1

.6%

Turbine manufacturers(2,236 MW)

26.8% SIEM

ENS GAM

ESA

29.6% SUZLON

VESTAS 24.4%

ACCIONA 7.5%

GE 5.9%IN

OX WIN

D 2.7%SEN

VION 1.3%

REGEN 1.3%

OTHERS 0.5%

Powered by

NavigatorIndia Solar

KARNATAKA

ANDAMAN &NICOBAR ISLANDSANDHRA PRADESH

BIHAR

CHHATTISGARH

GUJARAT

HARYANA

JHARKHAND

KERALA

MADHYA PRADESH

MAHARASHTRA

ODISHA

516 MW

300 MW

300 MW

800 MW

1,278 MW

Total RE capacity additionfrom 2014 until

September 2019

1-3 GW3-5 GW5-7 GW> 7 GW

< 1 GW

Huawei inverterscapacity commissioned

in the state

RAJASTHAN

UTTARAKHAND

UTTAR PRADESH

TAMIL NADU

TELANGANA

PUNJAB

WEST BENGAL

561

50

1,591 758

743

7,254

729

Pipeline611

3,3602,333

269

9,574

Comm.5

Pipeline25

Commissioned385 30

4

81

20

290

30

9

5

51

Pipeline101

Commissioned126

5

125

1

Commissioned24

8

16

Commissioned850

1613

821

Commissioned225

5

1

219200

19

Commissioned57

11

30

16

Commissioned207

105100

5

80

22

Commissioned136

62

1412

12

7850

2

58

750

5751,537

1,07

767

2

250

405

193

Pipeline1,325 3,488

400281

2,218

4,092

3,842

182

2060

340

220 120

412

Pipeline202 1,927

1,175

2,42

9

250

3,820

3,125

1,200

1,655

1,874

Commissioned10,094

Pipeline4,070

Comm.840

335

325

5

1550

4901,

120

Pipeline1,170

Commissioned107

105

217

72

16

3,922

431270

366

6,1724,282 2,0501,900

2,065

198

143

15

150 310

1,398

1,655

6,453

Commissioned8,924

Pipeline2,263

2,046

338 282

6,878

1,705

2,015

3021

326

815 150176

8661,474

Commissioned6,257

Pipeline2,515

Pipeline22

500

282

4,7834,693

9031

0

993

957

240 605930 101,545

6,50

0

28

Commissioned11,242

Pipeline1,233 3,203

3,175

4,7423,785

1,752

129

23

21

375458

40058

Commissioned3,649

Pipeline152

3,521

2,689

2,668

128

Commissioned12,934

Commissioned7,580

Commissioned4,356

NTPC offtake3,777

NTPC offtake1,200

Public sector development2,090

Public sector development793

Public sector development204

DISCOM offtake13,753

DISCOM offtake32,039

DISCOM offtake6,738 SECI offtake

5,035

SECI offtake8,335

NTPC offtake1,950

SECI offtake9,540

SECI offtake1,749

Others4,273

Others3,140

DISCOM offtake698 Solar

29,722

Wind36,928

Solar18,432

Wind10,233

Commissioned66,650

Pipeline28,665

11.4

% R

ISEN

EN

ERGY

8.5% ZNSHINE

7.9% VIKRAM SOLAR

6.6% JINKO SOLAR

5.5% SUNTECH

5.2% W

AAREE

4.2% CAN

ADIAN

SOLAR

CSU

N 4

.2%

GCL

3.9%

TRIN

A 3.6

%

JA SOLAR 3.

2%

RENESOLA 2.9%

MUNDRA SOLAR 1.8%CHINT 1.8%HT SAEE 1.6%PHONO SOLAR 1.6%LONGI 1.4%

TATA POWER 1.4%

EMMVEE 1.3%

HANWHA 1.2%

AMERISOLAR 0.8%

YINGLI 0.8%

OTHERS/ NOT KNOWN 19.1%

www.indiasolarnavigator.com

marketing@bridgetoindia.com | +91 124 420 4003

Policies Tenders Projects Leading playersPrice trends News and special comment

Top 10 players(projects commissioned between October 2018 to September 2019)

Top 15 project developers(solar and wind capacity as on 30 September 2019)

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 1 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 agreements may not have been signed.

e. Solar-wind hybrid tenders are accounted for under solar capacity unless stated otherwise.

f. States with less than 20 MW commissioned

capacity are not shown on the map.g. We have relied on AC capacity numbers for

calculations. For module supplier market share analysis, we have used DC numbers where available and else have increased the AC number by 30%.

h. Location for 9,285 MW of pipeline projects under inter-state transmission tenders is not available.

i. 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.

j. 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.k. We have assumed completion of some projects

by the end of September 2019 based on information provided by industry players.

2. Acronyms used:a. APDCL – Assam Power Distribution Company

Limited

b. GUVNL – Gujarat Urja Vikas Nigam Limitedc. MSEDCL – Maharashtra State Electricity

Distribution Corporation Limitedd. RUMS – Rewa Ultra Mega Solar Limitede. SECI - Solar Energy Corporation of India Limitedf. TANGEDCO – Tamil Nadu Generation and

Distribution Corporation

g. UPNEDA – Uttar Pradesh New & Renewable Energy Development Agency

3. This map has been sponsored by Huawei (Lead Sponsor) and Oriano (Associate Sponsor), but all production responsibility, editorial rights and copyrights remain with BRIDGE TO INDIA.

INDIA REMAP2019SEPTEMBER

Lead sponsor Associate sponsor

Electricity generation in FY 2019 by source

Lead sponsor Associate sponsor

PEW

+91 124 4204003marketing@bridgetoindia.comwww.bridgetoindia.com

www.facebook.com/bridgetoindia

www.twitter.com/bridgetoindiaC-8/5, DLF Phase 1,Gurugram - 122001 (HR), India

© BRIDGE TO INDIA Energy Private Limited

Current rank

1

2

3

4

5

6

7

8

9

10

Previousrank

Increase/ Decrease

Project developersCompanyName

SB Energy

NLC

ReNew

Azure Power

Sprng Energy

Tata Power

APGENCO

Mytrah

Adani

Fortum

6

-

3

-

10

7

8

-

1

-

Previousrank

Increase/ Decrease

Module suppliersCompanyName

Risen Energy

ZnShine

Vikram Solar

Jinko Solar

Suntech

Waaree

CanadianSolar

Csun

GCL

Trina

5

-

-

-

10

-

1

-

6

3

Previousrank

Increase/ Decrease

Inverter suppliersCompanyName

TMEIC

Huawei

Sungrow

ABB

TBEA

Hitachi

Delta

GE

Kehua

Schneider

4

1

2

3

5

8

6

-

10

9

Previousrank

Increase/ Decrease

EPC contractorsCompanyName

Sterling & Wilson

MahindraSusten

Tata Power

B-Electric

KECInternational

Refex

Oriano

Vikram Solar

Jakson

L&T

1

5

3

2

-

-

8

10

-

-

Previousrank

Increase/ Decrease

Turbine manufacturersCompanyName

Suzlon

SiemensGamesa

Vestas

Acciona

GE

Inox Wind

Senvion

Regen

Pioneer

2

1

3

-

-

4

-

8

7

RRB Energy -

RE capacity addition and allocation, MW Ratio of RE power generation to total power consumption

5%

0%

10%

20%

15%

FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019

Andhra Pradesh

Gujarat

Karnataka

Madhya PradeshMaharashtra

Punjab

RajasthanTamil Nadu

Telangana

Uttar Pradesh

25%

30%

35%

Commissioned solar capacityCommissioned wind capacity

Pipeline solar capacityPipeline wind capacity

Total commissioned capacity, MW

Tota

l pip

lelin

e, M

W

ReNewAdani

SB Energy

AcmeAzure Power

Tata Power

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

0 1,000 2,000 3,000 4,000 5,000

Greenko

Mytrah

SembcorpNLC

NTPC

ShapoorjiPallonji

Sprng Energy

Avaada

Hero Future

RE tariff trend2

Wind power tenders Solar-wind hybrid tendersSolar power tenders

Tari

ff, IN

R/ k

Wh

Capa

city

allo

catio

n, M

W

2.00

1.00

3.00

4.00

5.00

6.00

2017 2018 Until September 2019

4.41

3.15 2.97

2.983.46

5.70

2.62 2.44 2.43 2.64 2.48 2.47 2.653.07

2.852.44

2.943.17

2.70 2.822.44 2.51 2.44 2.72 2.77 2.59

2.853.09

2.71 2.79 2.763.13

2.67 2.442.92

2.69

2.702.922.45

2.693.13

2.772.792.723.15

2.852.602.832.73

2.442.522.542.822.71

2.93

2.91

3.383.54

2.873.26

2.672.482.49

2.802.45 2.452.45

3.47

3.47

2.633.463.15

APG

ENCO

And

hra

Prad

esh

500

MW

NTP

C An

dhra

Pra

desh

250

MW

RU

MS

Mad

hya

Pra

desh

750

MW

SECI

Pan

Indi

a W

ind

I1,

000

MW

NH

PC

Tam

il N

adu

50 M

W

SECI

Raj

asth

an25

0 M

W

SECI

Raj

asth

an50

0 M

W

TAN

GED

CO T

amil

Nad

u1,

500

MW

GUVN

L Gu

jara

t50

0 M

W

SECI

Pan

Indi

a II

1,00

0 M

W

SECI

Raj

asth

an25

0 M

W

SECI

Raj

asth

an50

0 M

W

GUVN

L Gu

jara

t50

0 M

W

NLC

Tam

il N

adu

500

MW

MAH

AGEN

CO M

ahar

asht

ra30

0 M

W

MSE

DCL

Mah

aras

htra

500

MW

SECI

Pan

Indi

a III

2,00

0 M

W

KR

EDL

Kar

nata

ka86

0 M

W

APD

CL A

ssam

100

MW

KR

EDL

Kar

nata

ka55

0 M

W

SECI

And

hra

Prad

esh

750

MW

SECI

Kar

nata

ka20

0 M

W

SECI

Pan

Indi

a I

2,00

0 M

W

SECI

Pan

Indi

a IV

2,00

0 M

W

SECI

Pan

Indi

a II

3,0

00 M

W

NTP

C An

dhra

Pra

desh

750

MW

NTP

C P

an In

dia

2,00

0 M

W

NTP

C P

an In

dia

2,00

0 M

W

KR

EDL

Kar

nata

ka65

0 M

W

MSE

DCL

Mah

aras

htra

1,00

0 M

W

MSE

DCL

Mah

aras

htra

1,00

0 M

W

GRID

CO O

dish

a20

0 M

W

SECI

Pan

Indi

a V

1,20

0 M

W

OR

EDA

Odh

isa

6 M

W

SECI

Pan

Indi

a1,

200

MW

GUVN

L Gu

jara

t50

0 M

W

KR

EDL

Kar

nata

ka15

0 M

W

3.17

3.23

UPN

EDA

Utt

ar P

rade

sh50

0 M

W

2.48

2.49

SECI

Raj

asth

an75

0 M

W

3.02

3.08

UPN

EDA

Utt

ar P

rade

sh55

0 M

W

2.74

2.75

MSE

DCL

Mah

aras

htra

1,00

0 M

W

2.55

2.68

GUVN

L Gu

jara

t IV

500

MW

2.55

2.61

SECI

Pan

Indi

a III

1,20

0 M

W

3.02

3.02

UPN

EDA

Utt

ar P

rade

sh50

0 M

W

2.75

2.75

GUVN

L Gu

jara

t V1,

000

MW

2.79

2.83

SECI

Pan

Indi

a VI

I1,

200

MW

2.81

2.95

GUVN

L Gu

jara

t II

1,00

0 M

W

2.65

2.70

GUVN

L Gu

jara

t III

700

MW

SECI

Pan

Indi

a II

1,20

0 M

W

2.54

2.55

SECI

Pan

Indi

a IV

1,20

0 M

W

2.50

2.50

SECI

Raj

asth

an II

750

MW

2.65

2.65

GUVN

L Gu

jara

t20

0 M

W

2.75

2.75

GUVN

L Gu

jara

t75

0 M

W

2.83

2.84

SECI

Pan

Indi

a VI

II1,

800

MW

2.53

2.65

SECI

Pan

Indi

a V

1,20

0 M

W

40

500

250

750

1,0001,000

2,0002,000

1,200

1,200

1,2001,200

1,000

1,000

1,400

2,000

200250

250500 500

500

500

500

500

500

500

500 500

500550

150

250

480745

720 680

440

480

235

840

550

750

750

750

2.91

KR

EDL

Kar

nata

ka10

0 M

W

100

600760

150

1,500

5085

75 6

50

4.38

SECI

Tel

anga

na12

9 M

W

2.89

2.89

KR

EDL

Kar

nata

ka20

0 M

W

2.87

2.91

SECI

Mah

aras

htra

250

MW

250129

100

2.82

2.83

SECI

Pan

Indi

a VI

1,20

0 M

W

1,200

100

100

Tender size Allocated capacity

04,000 4,0008,000 8,00012,000 12,00016,000 16,00020,000 20,000

FY 2011

FY 2012

FY 2013

FY 2014

FY 2015

FY 2016

FY 2017

FY 2018

FY 2019

Wind powerSolar power

Allocated capacity Commissioned capacity

1,242

2,194

2,018

2,180

88

1,520

2,188

8,220

6,686

9,869

19,770

2,587

5,687

6,884

10,011

10,931

Coal73%

Diesel0.01%

Nuclear3%

Solar3%

Biomass 1%

Wind5%

Small hydro 0.6%

Large hydro10%

Others

Gas 4%

67%

10%

17%

2%

3%

1%

FY 2009

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Commissioned66,650

Pipeline28,665