New report: India’s solar PV business volume grew to 2–4x last year

From the report: India’s total commissioned plus pipeline PV capacity has grown to 23 GW, +70% over last year
From the report: India’s total commissioned plus pipeline PV capacity has grown to 23 GW, +70% over last year

BRIDGE TO INDIA published the 2016 edition of its India Solar Map last week. The report shows that India’s total installed solar capacity has grown by over 80% in the year ending June 2016 to reach 8.1 GW.

Out of the 3.6 GW capacity added in this period, 75% has come from four southern states and Tamil Nadu now ranks number 1 for commissioned capacity.

An additional 14,842 MW of projects are under development where auctions have already been completed. The majority (56%) of this pipeline is concentrated in the three southern states of Karnataka, Andhra Pradesh and Telangana.

 

Total commissioned plus pipeline PV capacity has grown to 23 GW last year

According to the Solar Map report, total commissioned plus pipeline PV capacity, split nearly 40:60 between central government and state government policy projects, has grown to 23 GW, +70% over last year

 

15 PV developers have gained nearly 50% market share

Despite growing market, project development space is getting more concentrated wherein top 15 developers have gained nearly 50% market share; most players have 2–4x more capacity under development than their commissioned capacity and their ability to scale up will be critically tested in the coming year

 

7 out of top 10 PV module suppliers in India are now from China

Amongst the equipment suppliers, top players include Canadian Solar and Trina Solar for modules and ABB, TMEIC and Hitachi for inverters.

Amongst PV module suppliers, Canadian Solar, Trina and First Solar take the first three spots. 7 out of top 10 module suppliers in India are now from China as against just 4 out of top 10 in the previous year.

Big change is a significant pick up in market share by new Chinese suppliers including JA Solar, GCL Poly, BYD, Talesun and Risen. These companies had a very marginal presence in the market previously but now have a combined market share of 22%.

ABB continues to dominate the PV inverter market with a commanding 35% market share. Japanese players, notably TMEIC and Hitachi, have also gained a significant market share. It is worth noting that all three companies are assembling their products within India. Chinese inverter suppliers such as TBEA, Sungrow and Huawei are also in the top 10 and becoming more aggressive in the market.

The report contains lots of other vital information on state-wise and policy-wise progress of the Indian solar market along with tariff trends and performance of companies. Download it here for free.  

 

2016-09-13 | Courtesy: BRIDGE TO INDIA | solarserver.com © Heindl Server GmbH

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