Right here Are India’s Solar Market Leaders for 1H of 2020

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Here Are India’s Solar Market Leaders for 1H of 2020

Mercom India Research has published its latest India Solar Market Leaderboard 1H 2020, which shows the market leaders of the Indian solar industry from the first half (1H) of the calendar year (CY) 2020.

The report provides market share and shipment rankings of the major stakeholders in the Indian solar supply chain in the first half of 2020.

In the first half of 2020, the COVID-19 pandemic had a significant impact on the Indian solar market, causing an overall slowdown in solar installation activity.

Solar installations in the first half of 2020 totaled 1.3 GW – a decrease of 60% compared to 3.2 GW of installed capacity in the first half of 2019. The slowdown in activity across the industry resulted in a shift in the ranking of the solar market.

However, India still has a strong pipeline of 41.7 GW of utility-scale projects currently under development. Another 34.2 GW of tenders are waiting for the auction.

“This was unlike any other year in the history of the Indian solar industry. While installations are at all-time lows, the market has also created opportunities for new leaders and innovators. The market share rankings will remain volatile as we move from one of the weakest years for solar to one of the strongest in 2021, ”said Raj Prabhu, CEO of Mercom Capital Group.

A full list of available market share leaders Here.

Solar on a large scale

With 1,016 MW installed solar systems on a supply scale, 78% of the capacity expansions in the first half of 2020. In the first half of 2020, solar systems accounted for 56% of the new electricity capacity expansions in the country.

The report also shows that the ten largest (operational) project developers on a utility scale achieved 94% of the market share in the first half of 2020. Hero Future Energies led the utility-scale project installation in the first half of 2020 due to its 300 MW project commissioned on Bhadla Solar Park.

In terms of cumulative installed capacity, Adani continues to be the largest utility-scale developer as of June 2020. The company also has the largest project pipeline.

Currently, ten utility-scale solar developers in India have more than 1 GW projects in the pipeline, according to Mercom’s Market Share Tracker.

EPC

Sterling & Wilson topped the list among utility-scale service providers for solar, procurement, construction (EPC) in the first half of 2020. The company will also have the largest solar EPC portfolio as of June 2020.

However, the market was quite challenging for EPC companies in the first half of 2020 due to COVID-related issues such as labor shortages, logistics issues and project economy balance. The five-month extension of the project start-up was a great relief for EPC companies. However, as a result of the extension, most of the project deadlines have been postponed to 2021.

Solar on the roof

In the first half of 2020, the ten largest rooftop solar installers held 70% of the market share. However, the solar segment on the roof was badly affected by the pandemic. The installations decreased by 50% compared to the first half of 2019.

The C&I segment is expected to recover in the second half of the year, particularly in sectors such as transportation, IT, consumer goods, pharmaceuticals and textiles. Tata Power Solar had the largest solar roof portfolio in the first half of 2020 and was also the largest solar roof installer from June 2020.

Solar inverter suppliers

Sungrow was the leading supplier of solar central inverters and Huawei the leading supplier of string inverters in India in the first half of 2020. Overall, FIMER India was the largest supplier of solar inverters from June 2020.

Inverter suppliers have until December 31, 2020 to secure the self-certification of solar inverters. The Ministry of New and Renewable Energies (MNRE) is also optimizing the technical specifications for solar grid-connected inverters.

Module suppliers

The ten largest module suppliers accounted for over 74% of the market share in the first half of 2020. LONGi Solar was the largest module supplier for India in the first half of 2020, while Trina Solar was the leading module supplier for cumulative deliveries.

However, the module suppliers are waiting for further clarification on the government’s proposed introduction of basic tariffs (BCD). The government has yet to specify the amount of the duty and its duration.

Solar cells and modules imported from the PR China, Thailand and Vietnam already have a protective tariff (SGD) of 14.90% from July 30, 2020 to January 29, 2021 and from January 30, 2021 to September 29, 2021. July 20.50% Both BCD and SGD are expected to curtail imports and give domestic manufacturers an advantage to compete with cheaper modules.

Assembly structures

Mahindra Susten led the delivery of module assembly structures in the first half of 2020, followed by Ganges Internationale and Strolar. Ganges Internationale was also the leading provider cumulatively from June 2020.

In June, the Treasury Department imposed an anti-dumping duty on aluminum and zinc coated flat products used in assembly structures from the PRC, Vietnam and Korea RP to protect domestic industry. The obligation applies for five years from October 15, 2019.

Open Access Solar

Rays Power Experts, Amplus Solar and CleanMax Solar were the leading open access developers as of June 2020. Although Open Access has been seen as a great opportunity for companies looking to switch to solar energy, the growth that was originally expected has not yet been seen.

The segment suffers from a number of limitations and disadvantages due to regulatory ambiguities and poor implementation.

Solar Robotic Cleaning

Solabot Technologies was the leading provider of solar robot cleaning systems in the first half of 2020.

Incidentally, water scarcity and the need for regular cleaning of the panels to maintain generation efficiency increase the demand for robot cleaning. The labor shortage, particularly due to the pandemic, has driven developers to robot cleaning.

For the full list of market leaders with installation and delivery dates, see the full report Here.


Rahul is a reporter at Mercom India. Prior to entering the renewable energy world, Rahul was the director of the Gujarat office for The Quint. He has also worked for DNA Ahmedabad and Ahmedabad Mirror. Rahul has a background in banking and finance and has also worked for JP Morgan Chase and the State Bank of India. More articles from Rahul Nair.

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