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

OPEX2 CAPEX2

Public sector

16336 124

3

5321824

1593

3

204115

742

1

12822

14644

83 2

3

137 6 109 22

18 4 122

88 14 53 21

20 7

2

11

13 83

2

66 8 10 48

78 5 53 20

INDIA SOLARROOFTOPMAP 2017

North East*

States with gross metering

Total installed capacity: 1,396 MW1

as of March 31, 2017

4019 15 6

4318 421

Others

Gujarat87 35 33 19

Karnataka83 9 52 22

Uttar Pradesh 6816 40 13

MANIPUR, ASSAM, MEGHALAYA,TRIPURA, MIZORAM, NAGALAND,

SIKKIM, ARUNACHAL PRADESH

West Bengal 17773

Madhya Pradesh21 5 11 5

Total installed capacity (MWp) by CleanMax in the state

Lead sponsor Associate sponsor

228 77

313

239 1157

590 189 304

Net metering implementation statusas per a survey of industry participants3

GoodAveragePoor

MARCH

22

19

10

8

5.8

7

1.7% SUNSOURCE

2.5%

SUR

E EN

ERGY

0.9% HERO FUTURE ENERGIES0.9% MADHAV INFRA

1.0% STERLING & WILSON

1.1% VIKRAM SOLAR1.2% HARSHA ABAKUS

0.6% CHEMTROLS0.6% ASUN

2.2%

FOU

RTH P

ARTN

ER

0.8% KOTAK URJA0.8% INSOLARE0.7% MAHINDRA SUSTEN

0.4% PREMIER SOLAR

0.4% 8MINUTES

0.4% SUNSURE

0.4% CLEANMAX

0.3% EMMVEE

0.3% SOLAR TOWN

0.3% REIL

0.2% STATCON ENERGIAA

0.2% C&S ELECTRIC

0.2% ENERPARC ENERGY

0.2% RAYS POW

ER EXPERTS

1.6% BOSCH

1.3% SOLAR SQUARE

1.0% ORIANO SOLAR

1.7% U

JAAS

15.6% SELF EPC

BY PROJECT DEVELOPERS

0.6% ORB Energy

1.1% THERMAX

0.5% SWELECTES

1.3% RELYON

OTHERS 49.6%

6.4%

TAT

A PO

WER

SO

LAR

1.0% JAKSON

EPC contractorsMarket size- 678 MW

OTHERS 14.5%

24.0%

CLEANMAX SOLAR

AMPL

US

SOLA

R 8

.1%

10.9% AZURE POW

ER

11.7% CLEANTECH SOLAR

RAYS EXPERTS 4.1%

RATT

ANIN

DIA

5.4%RENEW 4.

8%

JAKSON 4.0%

HINDUJA RENEWABLES 3.4%

HERO FUTURE ENERGIES 2.7%

SURYADAY 1.9%

GMR 1.2%

PHOTON ENERGY 0.9%

MI SOLAR 2.5%

Project developersMarket size- 162 MW

Inverter suppliersMarket size- 678 MW

Annual market shareSystems installed between April 2016 - March 2017 (678 MW)

25.1% SM

A (incl Zever)

36.4% DELTA

KACO 5.6%

OTH

ERS 5.6%

STATCON ENERGIAA 2.3%

VISPRA 0.4%

FRONIUS 5.0%

SUNGROW

1.0%

SCHNEIDER 1.0%

CONSUL NEOWATT 2.5%

GROWATT 0.4%

ENERTECH 2.5%

SU-KAM 3.4%

ABB 5.9%

HUAWEI 1.4%

SOLAREDGE 1.3%

Installed capacity as on March 31, 2017

1,396 MW

INDIA SOLARROOFTOPMAP 2017

Estimated capacity addition in FY 2017-18

1,232 MW

Associate sponsor Lead sponsor

C-8/5, DLF Phase 1,Gurgaon - 122001 (HR)India

P +91 124 4204003E contact@bridgetoindia.com

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MARCH

India Solar Map 2017 India Solar Excellence - DC cables

India Solar Decision Brief - Analysis of utility scale solar tenders in India

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For subscription and sponsorship enquiries, please contact – marketing@bridgetoindia.comPOWERED BYBRIDGE TO INDIA

Until 2015 2016 2017e

0

500

1,000

1,500

2,000

2,500

3,500

4,000

3,000

2018e 2019e 2020e

Annu

al c

apac

ity in

stal

latio

n, M

W

Residential Public sector Commercial Industrial

We expect India's total rooftop solar capacityto reach 13.2 GW by 2021

2021e

Projections for rooftop solar capacity5

State wise installed capacity, as of March, 2017

0

500

1,000

1,500

2,000 2%

5%9%

3%7%

7%

2%

8%

24%

15%

5%11%

6% 70% 19%

X%

7% 88% 48% 44% 100%

Mah

aras

htra

Kar

nata

ka

Del

hi

Tam

il N

adu

Andh

raPr

ades

h

Odi

sha

Tela

ngan

a

Wes

t Ben

gal

Raj

asth

an

Punj

ab

Ker

ala

Utt

arPr

ades

h

Bih

ar

Har

yana

Jhar

khan

d

Chan

diga

rh

Mad

hya

Prad

esh

Guj

arat

Utt

arak

hand

Chha

ttis

garh

Capa

city

inst

alle

d, M

W

Utility scale solar capacity

Rooftop solar capacity

Percentage share of rooftop solar capacity

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. CAPEX (capital expenditure) systems are owned and installed by the consumer.

3. Survey participants include - in alphabetical order - 8 minutes, Asun, Bosch, Emmvee, Fourth Partner, Hero Future Energies, Jakson, Kotak Urja, Madhav Infra, Sunsource, SuRe Energy systems and Solar Square.

4. Rooftop system cost trends are calculated for a 500kWp rooftop system installed on an industrial shed.

5. 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 to arrive at the final projections.

BTI India Rooftop Solar EPC Price Index4

March 2012 March 2013 March 2014 March 2015 March 2016 March 2017

Syst

em c

ost (

M/W

p)

0

10

20

30

40

50

60

70

80

90

100

Module Inverter BOS and others

Industrial Commercial

0%

20%

40%

60%

80%

100%

Public sector

CAPEX OPEX

CAPEX vs OPEX share by consumer category

India rooftop solar market- key insights and statistics

Until FY 2013 FY 2014 FY 2015

0

100

200

300

400

500

700

600

FY 2016 FY 2017

Annu

al c

apac

ity in

stal

latio

n, M

W

CAPEX OPEX

CAPEX vs OPEX share