Coal India Floats EoI for 1 GW Solar Project in Rajasthan

NHPC Invites Bids for 1.2 GW Wind-Solar Hybrid Power Projects

Daily News Wrap-Up: CBIC Says No to Warehousing of Imported Solar Modules

Funding and M&A Roundup: Scale Microgrids Secures $150 Million

Project Finance Brief: DRI Acquires 166 MW Solar Project Portfolio in Italy

Anti-Dumping Duties on Solar Glass Spark Concerns of Module Price Increases

DCM Shriram to Procure 68 MW of Renewable Energy from JSW’s Hybrid Project

IMFA Announces Joint Venture with JSW to Source 70 MW Renewable Energy

Insolation Energy to Set Up 7 GW Solar Manufacturing Facility in Madhya Pradesh

Sterlite Power Raises ₹7.25 Billion from GEF Capital and ENAM Holdings


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					</table><p><a href="https://www.goodluckindia.com/" target="_blank" rel="noopener">Goodluck India</a>, <a href="https://www.arctechsolar.us/" target="_blank" rel="noopener">Arctech</a>, <a href="https://strolar.com/" target="_blank" rel="noopener">Strolar Mounting Systems</a>, <a href="https://raydeanindustries.com/" target="_blank" rel="noopener">Raydean Industries</a>, and<a href="https://metalkraft.in/" target="_blank" rel="noopener"> Metalkraft Forming Industries</a> were the top five module mounting structure suppliers to the Indian solar market in the first half (1H) of the calendar year (CY) 2024, according to Mercom’s <a href="https://www.mercomindia.com/product/mercoms-india-solar-market-leaderboard-1h-2024-market-shares-profiles" target="_blank" rel="noopener">India Solar Market Leaderboard 1H 2024</a>.</p>
<p>Goodluck India led the solar module mounting structure shipments with a market share of 25.5%. Arctech and Strolar Mounting Systems followed with 15.5% and 14.9% of the shipments. Raydean Industries and Metalkraft Forming Industries rounded off the top five with markets share of 13.7% and 11.9%.</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/leaderboard-module-mountign.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-73550 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/leaderboard-module-mountign.png" alt="" width="581" height="330" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/leaderboard-module-mountign.png 581w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/leaderboard-module-mountign-300x170.png 300w" sizes="(max-width: 581px) 100vw, 581px" /></a></p>
<p>Mounting structures in ground-mounted or rooftop solar projects ensure optimum energy generation. They carry the weight of solar modules and are built to withstand high wind speeds. These structures must endure seasonal variations and the challenging conditions typical of solar power project sites in India.</p>
<p>As of June 2024, Goodluck India had a production capacity of 412,000 metric tons per annum. In January 2024, the company raised nearly ₹2 billion (~$24.1 million) through a qualified institutional placement.</p>
<p>Arctech has a combined annual production capacity of 13 GW, which includes a 3 GW manufacturing facility in Mundra, Gujarat. The company is also planning to expand by adding a 3 GW production unit in Saudi Arabia.</p>
<p>Strolar Mounting Systems operates with a production capacity of 5,000 MT per month for steel-based solar module mounting structures and 45 MW per month for aluminum-based mounting structures at its facilities in Taloja and Greater Noida, Uttar Pradesh.</p>
<p>Raydean Industries produces module mounting structures for rooftop solar installations, with a manufacturing capacity of 3,800 MT per month, equivalent to about 10 MWp.</p>
<p>Metalkraft Forming Industries, based in Hyderabad, Andhra Pradesh, has a production capacity of 4,500 MT per month.</p>
<p>Mercom’s India Solar Market Leaderboard report covers the market landscape across the entire supply chain. For the detailed and comprehensive report, <a href="https://www.mercomindia.com/product/mercoms-india-solar-market-leaderboard-1h-2024-market-shares-profiles" target="_blank" rel="noopener">click here</a>.</p>
<p>The <a href="https://www.mercomindia.com/product/mercoms-india-solar-market-share-tracker" target="_blank" rel="noopener">Market Share Tracker</a>, offering quarterly data insights on your competitors’ growth rates, is also available.</p>


Who’s Leading the Solar Module Mounting Market in 1H 2024?


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					</table><p><a href="http://www.leapting.com/" target="_blank" rel="noopener">LEAPTING</a>, <a href="https://vayusolar.com/" target="_blank" rel="noopener">Vayu Solar</a>, <a href="https://airtouchsolar.com/" target="_blank" rel="noopener">Airtouch Solar</a>, <a href="https://aegeustechnologies.com/" target="_blank" rel="noopener">Aegeus Technologies</a>, and <a href="http://www.solbrighttech.com/" target="_blank" rel="noopener">Langfang Sol-Bright Photovoltaic Technology</a> were the top five robotic solar module cleaning equipment suppliers to the Indian solar market in the first half (1H) of the calendar year (CY) 2024, according to Mercom’s recently released <a href="https://www.mercomindia.com/product/mercoms-india-solar-market-leaderboard-1h-2024-market-shares-profiles" target="_blank" rel="noopener">India Solar Market Leaderboard 1H 2024</a> report.</p>
<p>LEAPTING led the country’s robotic solar module cleaning equipment shipments, accounting for 22.5%. Vayu Solar and Airtouch Solar followed, accounting for 20.8% and 16.6% respectively. Aegeus Technologies and Langfang Sol-Bright Photovoltaic Technology rounded off the top five, with 10.1% and 8.4% market shares, respectively.</p>
<p>The top five companies shipped 78.3% of the cleaning equipment used in the country’s solar projects during the first half of the year.</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/Picture6.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-73348 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/Picture6.png" alt="" width="591" height="365" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/Picture6.png 591w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/Picture6-300x185.png 300w" sizes="(max-width: 591px) 100vw, 591px" /></a></p>
<p>Robotic solar module cleaning equipment helps maintain the efficiency and performance of the solar modules cost-effectively by removing dust, dirt, bird droppings, and other debris that can accumulate on the surface of solar panels, reducing their ability to absorb sunlight and generate electricity.</p>
<p>LEAPTING’s shipment grew 1,528% compared to 1H 2023. Vayu Solar’s shipments rose 977.1% year-over-year, and in 1H 2024, Vayu Solar supplied its module cleaning equipment to a 200 MW solar project in Ujjain, Madhya Pradesh.</p>
<p>Shipments by Airtouch Solar were up 900% YoY. Airtouch Solar announced that it had secured a $6 million order from Adani Green Energy (<a href="https://www.adanigreenenergy.com/" target="_blank" rel="noopener">AGEL</a>) to supply robotic dry cleaning equipment for AGEL’s project in Rajasthan.</p>
<p>Aegeus raised an undisclosed amount in 1H 2024 from Caspian Debt for its working capital requirements and business expansion.</p>
<p>Mercom’s India Solar Market Leaderboard report covers the market landscape across the entire supply chain. For the detailed and comprehensive report, <a href="https://www.mercomindia.com/product/mercoms-india-solar-market-leaderboard-1h-2024-market-shares-profiles" target="_blank" rel="noopener">click here</a>.</p>
<p>The <a href="https://www.mercomindia.com/product/mercoms-india-solar-market-share-tracker" target="_blank" rel="noopener">Market Share Tracker</a>, offering quarterly data insights on your competitors’ growth rates, is also available.</p>


Robotic Solar Module Cleaning Equipment Market Leaders in 1H 2024


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					</table><p><a href="https://www.tatapowersolar.com/" target="_blank" rel="noopener">Tata Power Solar</a>, <a href="https://www.jakson-green.com/" target="_blank" rel="noopener">Jakson Green</a>, <a href="https://www.ashokabuildcon.com/" target="_blank" rel="noopener">Ashoka Buildcon</a>, <a href="https://www.gensol.in/" target="_blank" rel="noopener">Gensol Engineering</a>, and <a href="https://insolare.com/" target="_blank" rel="noopener">InSolare Energy</a> emerged as the top utility-scale solar engineering, procurement, and construction (EPC) service providers in the first half (1H) of the calendar year (CY) 2024, according to Mercom’s recently released <a href="https://www.mercomindia.com/product/mercoms-india-solar-market-leaderboard-1h-2024-market-shares-profiles" target="_blank" rel="noopener">India Solar Market Leaderboard 1H 2024</a>.</p>
<p>Tata Power Solar was the top EPC player with a market share of 32.7%, followed by Jakson Green and Ashoka Buildcon, with 32.1% and 6.5%, respectively. Gensol Engineering and InSolare Energy rounded off the top five with 6.2% and 5.1%.</p>
<p>The top five utility-scale solar EPC service providers accounted for 82.6% of the market share.</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Leading-Utility-Scale-Solar-EPC-Players-in-India-1H-2024-.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-72747 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Leading-Utility-Scale-Solar-EPC-Players-in-India-1H-2024-.png" alt="Leading Utility-Scale Solar EPC Players in India 1H 2024" width="587" height="453" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Leading-Utility-Scale-Solar-EPC-Players-in-India-1H-2024-.png 587w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Leading-Utility-Scale-Solar-EPC-Players-in-India-1H-2024--300x232.png 300w" sizes="(max-width: 587px) 100vw, 587px" /></a></p>
<p>&nbsp;</p>
<p>Tata Power Solar’s cumulative large-scale installed solar capacity in EPC mode was 6.4 GW as of June 2024.</p>
<p>During the first half of 2024, Tata Power <a href="https://www.mercomindia.com/seci-commissions-120-mwh-bess-chhattisgarh" target="_blank" rel="noopener">commissioned</a> the country’s largest solar and Battery Energy Storage Systems (BESS) project. The project comprises 100 MW solar capacity and 40MW/120 MWh utility-scale BESS system at Rajnandgaon in Chhattisgarh.</p>
<p>Jakson Green’s cumulative installed solar capacity was 2.8 GW. Jakson Green commissioned 40 MW of solar power project in Ayodhya, Uttar Pradesh. The project was awarded by <a href="https://ngel.in/ngel-home" target="_blank" rel="noopener">NTPC Green Energy</a>.</p>
<p>Ashoka Buildcon entered the top ten list in 1H 2024 in third position by commissioning its first 150 MW solar project. The project was <a href="https://www.mercomindia.com/tata-ashoka-buildcon-ntpc-auction" target="_blank" rel="noopener">awarded</a> as a part of NTPC’s EPC auction for 1,070 MW of solar projects in December 2020.</p>
<p>Mercom’s India Solar Market Leaderboard report covers the market landscape across the entire supply chain. For the detailed and comprehensive report, <a href="https://www.mercomindia.com/product/mercoms-india-solar-market-leaderboard-1h-2024-market-shares-profiles" target="_blank" rel="noopener">click here</a>.</p>
<p>The <a href="https://www.mercomindia.com/product/mercoms-india-solar-market-share-tracker" target="_blank" rel="noopener">Market Share Tracker</a>, offering quarterly data insights on your competitors’ growth rates, is also available.</p>


Tata Power, Jakson, Ashoka Buildcon Top Solar EPC Companies in 1H 2024

Author: Yogeshwaran

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