Globally, the top 10 inverter suppliers accounted for around 75% of shipments in 2015. In India, the market is even more concentrated as the top 10 suppliers accounted for over 85% of shipments. Despite this, there is intense price competition and churning in supplier landscape. Bridge to India's Jasmeet Khurana investigates.
Indian corporates are taking a significant share of the domestic solar PV market with Indian conglomerate Adani taking top spot in terms of capacity additions in the last year, according to consultancy firm Bridge to India.
Despite most international and domestic module suppliers increasing their sales volumes in India over the last year, Chinese firms have significantly increased their share of the market from 50% to 75%, according to the latest update from consultancy firm Bridge to India.
Around 75% of all India’s solar capacity additions in the last 12 months have been in southern states, according to the latest industry update from consultancy firm Bridge to India.
A forecasted fall in solar PV module prices due to an emergent oversupply in China will aid the Indian solar sector in time for its largest capacity additions set for Q1 2017, according to the latest update from consultancy firm Bridge to India.
The latest Indian solar auction has seen wining tariffs return to extreme lows at INR 4.35/kWh (US$0.065) for 130MW of PV in the Indian state of Rajasthan.
India will soon unveil a solar PV manufacturing policy with manufacturers expected to be able to receive Viability Gap Funding (VGF) support via a bidding process, according to an industry consultant.
