Bridge India




latest edition:August 2017

date of publication:14.08.2017

india solar compass


India Solar Compass is a comprehensive quarterly update on the Indian solar market. This edition provides detailed updates on tender and project status, leading players, financing deal flow, policy and market trends for Q2 2017 as well as our market forecasts for the upcoming quarters.


INDIA SOLAR COMPASS | October 2014 Edition


date of publication:01.10.2014

india solar compass


The India Solar Compass is a quarterly market analysis report by BRIDGE TO INDIA on the developments in the Indian solar market.

The key highlights from this edition of India Solar Compass are as follows:

  • Investment of over INR 116 billion ($1.9 billion, €1.4 billion) is expected over the next one year in the Indian solar market
  • BRIDGE TO INDIA predicts a solar capacity addition of 1,660 MW over the next four quarters. This would be a record growth for a 12 months period.
  • US module supplier First Solar recovers lost ground in India by securing over 100 MW of supply contracts under the National Solar Mission
  • “Made in India” modules by Waaree, Vikram Solar and ReneSola, Tata Power Solar are to be used for projects under the DCR category of the NSM
  • Established EPC contractors such as Juwi, L&T, Sterling & Wilson and Belectric win many projects under the National Solar Mission
  • Based on the current contract pipeline, local start up, Rays Power Infra, emerges as one of the largest third-party EPC contractors in the Indian solar market
  • The price of Chinese C-Si tier I modules fell by around 10% (in INR terms) in the last four quarters. This is double the lon-term trend of 5%. Are we entering a period of accelerated, sustained solar cost reduction?
  • The same is true with respect to inverters: Some aggressive players in the central inverters market have spearheaded a price crash to INR 2.7/Wp