Ranked #1 third-party EPC player as well as #1 domestic module supplier for 2014
Bangalore, India; 17th September, 2014: Tata Power Solar, India’s largest integrated solar player, has been ranked as the leading domestic player in the India solar industry for 2014. As per the India Solar Map 2014, released by Bridge To India, a leading consulting firm in India’s Cleantech market, during 2013-14 Tata Power Solar emerged as the largest third-party EPC player as well as domestic manufacturer of crystalline PV modules in India.
Commenting on the map, Dr. Tobias Engelmeier, Founder & Director, Bridge To India, said, “Our annual India Solar Map is a detailed and easily comprehendible analysis of the market shares of India’s solar players. We interact with the EPC companies, module and inverter suppliers and project developers to distill a reliable snapshot of the state of the industry. Over the last 12 months, Tata Power Solar has been the most successful company in executing third party (i.e. discounting own projects) EPC contracts in India. Among the domestic module suppliers category also, it is the leading player. The company has been particularly successful at winning large, public sector projects – one of the key growth drivers in the future.” For more details on the map, click here.
Tata Power Solar is ranked #1 for 2014 (in the last 12 months) and #3 for cumulative third-party EPC, rising from a ranking of #9 cumulative third-party EPC in 2013. This makes Tata Power Solar one of the fastest growing third-party solar EPC players in the country.
In the module manufacturing segment, Tata Power Solar has reaffirmed itself as a pioneer and leader among domestic crystalline PV modules manufacturers. The company is ranked #1 domestic manufacturer for 2014 and the only Indian manufacturer among the top 10 module suppliers for the Indian market.
Commenting on the result, Ajay Goel, CEO, Tata Power Solar, said, “We are extremely happy with the findings of the report by Bridge To India. We have been growing aggressively over the last couple of years and this achievement is a testimony to the results we have accomplished during this period.”
The company has completed several prestigious EPC projects, including 50 MW for NTPC and commissioning of a 2 MW project for South India’s largest rooftop solar plant. They have recently won two orders to supply domestically manufactured solar panels, under DCR, to L N Bangur group and ACME Solar (a subsidiary of EDF Energy).
Tata Power Solar is the only Indian company whose modules are ranked as Tier 1 in Bankability by GTM Research and has been successfully certified by Potential Induced Degradation (PID). Last year they added an additional module manufacturing capacity of 75 MW taking the total capacity to 200 MW.
About Bridge To India:
BRIDGE TO INDIA was founded in 2008 with the objective of bringing international renewable technology and project development expertise to India. The company has grown significantly since then to become a leading consulting services and knowledge provider in the Indian renewable market. Our Consulting team has worked on numerous assignments for top-tier clients (GE, Siemens, Bosch, REC, Greenpeace, to name a few), while the Market Intelligence business produces regular market leading research and has published several thought leadership pieces shaping the growth of the renewables sector in India. Our Projects business vision is to make locally produced clean energy a mainstream choice for large-scale commercial, industrial and institutional users
About Indian Solar Map 2014:
India Solar Map 2014 is the only annual, all-in-one infographic overview of the Indian solar market. It charts out the installed capacity trends, market shares and tariff developments. The map is compiled in close interaction with all industry stakeholders throughout the year and based on BRIDGE TO INDIA’s extensive market and project database. The map shows the market shares of developers, EPC players, module suppliers and inverter suppliers. This information will help companies to create their short and long term strategies for the market. The map can be downloaded for free here.
To know more about Tata Power Solar – please click here
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