INDIA SOLAR

Lead sponsor Associate sponsor

www.bridgetoindia.com ROOFTOP
MAP 2017 MARCH

Total installed capacity: 1,396 MW1

as of March 31, 2017
Public sector

313 590 189 304

2
Commercial Industrial Residential
13 8 Jammu & Kashmir
3 239 1157

OPEX 2 CAPEX 2

66 8 10 48 Punjab
2 2
Uttarakhand 8 12

20 11 7 Chandigarh
2 Delhi 24 8 21 53

78 5 53 20 Haryana Uttar Pradesh 16 40 13 68

3
North East* 9 15
88 14 53 21 Rajasthan MANIPUR, ASSAM, MEGHALAYA, 3
TRIPURA, MIZORAM, NAGALAND,
7 SIKKIM, ARUNACHAL PRADESH
8
3 2
Bihar 8
87 35 33 19 Gujarat 3
5.8 3
West Bengal 7 7 17

137 6 109 22 Maharashtra Jharkhand 4 4 6 14

22

1
Odisha 4 7
21 5 11 5 Madhya Pradesh
2
Chhattisgarh 5 11 4 20
10
83 9 52 22 Karnataka

Telangana 21 18 4 43

Net metering implementation status 19

Others 8 7 7 22
as per a survey of industry participants3
Good
Average
Poor Andhra Pradesh 19 15 6 40

States with net metering 2

18 4 12 Kerala
States with gross metering

Total installed capacity (MWp) by CleanMax in the state 3

Tamil Nadu 36 124 163
All figures in MW

Annual market share

Systems installed between April 2016 - March 2017 (678 MW)

Inverter suppliers Project developers EPC contractors

Market size- 678 MW Market size- 162 MW Market size- 678 MW
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 India rooftop solar market- key insights and statistics

CAPEX vs OPEX share CAPEX vs OPEX share by consumer category BTI India Rooftop Solar EPC Price Index4
700 100%

100

600 90
80%
80
500

70
Annual capacity installation, MW

60%
400 60

System cost (M/Wp)

50
300
40%
40

200 30

20% 20
100
10

0 0% 0

Until FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 Industrial Commercial Public sector March 2012 March 2013 March 2014 March 2015 March 2016 March 2017

CAPEX OPEX CAPEX OPEX Module Inverter BOS and others

State wise installed capacity, as of March, 2017

2,000 2%
Utility scale solar capacity Notes:
5% 1. We have classified all on-site solar systems (including any
9% Rooftop solar capacity ground based systems) as rooftop systems.

X% Percentage share of rooftop solar capacity

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
1,500 are owned and installed by the consumer.

3% 3. Survey participants include - in alphabetical order - 8 minutes,

7% Asun, Bosch, Emmvee, Fourth Partner, Hero Future Energies,
Jakson, Kotak Urja, Madhav Infra, Sunsource, SuRe Energy
Capacity installed, MW

7% systems and Solar Square.

2% 4. Rooftop system cost trends are calculated for a 500kWp

1,000 rooftop system installed on an industrial shed.

8%
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
24% been considered to arrive at the final projections.

500 15%

5%
11%
6% 70% 19% 7%
88% 48% 44% 100%
0
Andhra
Pradesh

Rajasthan

Tamil Nadu

Telangana

Gujarat

Karnataka

Madhya
Pradesh

Punjab

Maharashtra

Uttar
Pradesh

Uttarakhand

Chhattisgarh

Bihar

Haryana

Kerala

Odisha

Delhi

West Bengal

Jharkhand

Chandigarh
Lead sponsor Associate sponsor

Projections for rooftop solar capacity5

4,000 INDIA SOLAR
ROOFTOP
We expect India's total rooftop solar capacity
to reach 13.2 GW by 2021

MAP 2017 MARCH

3,500

3,000
Annual capacity installation, MW

2,500

2,000

1,500

1,000

500

0 Installed capacity as on March 31, 2017

Until 2015 2016 2017e 2018e 2019e 2020e 2021e 1,396 MW
Estimated capacity addition in FY 2017-18

Residential Public sector Commercial Industrial

1,232 MW

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