Solar Diversification – Strategic Consulting & Assistance by Solar Mango

Solar Diversification – Strategic Consulting & Assistance by Solar Mango

Keen on diversifying into the fast growing solar energy field as a power producer or a manufacturer? Let EAI Solar Mango’s unparalleled intelligence and connections assist you.

Solar Mango is a division of Energy Alternatives India (EAI), India’s largest renewable energy and clean technology research and consulting firm.

  • We assisted a global mining and metals enterprise to comprehensively understand the complete PV value chain for their diversification efforts
  • A Top 3 Wind OEM turned to Solar Mango for assistance in their diversification into the Indian Solar PV Inverter segment
  • Solar Mango provided comprehensive commercial and project management assistance to a software company to install a mid-sized rooftop solar power plant
  • We assisted a Rs 10,000 crore auto component supplier in drafting a comprehensive strategy to diversify into multiple sectors within solar power
  • We assisted a $50 billion Germany engineering major in understanding emerging market segments within solar power generation for them to devise the optimal markets to enter.

To hear more on how Solar Mango can help your organization in diversifying into the fast growing solar sector, send an email to – Or talk to Narsi +91-98413-48117


Solar Mango enables a range of businesses to diversify into solar energy:

We provide assistance for diversification in the Solar PV and Solar thermal sectors. Within Solar PV, we provide strategic assistance along the entire value chain – from polysilicon to cells to modules to power plants all the way to rooftop solar and off-grid products. Our services cover:

  • Solar Market Potential Analysis

    With our decade long acquaintance with the Indian renewable energy sector, we provide in-depth insights and analysis on the size and growth prospects within the solar energy sector, and identify niche opportunities.

  • Financial Feasibility Analysis of Solar Projects

    This is a critical activity, as many solar power projects especially are long-term projects and hence require rigorous financial due diligence. With our thorough understanding of every tangible and intangible component in the solar power sector, we can develop sound feasibility analysis for those entering the solar sector, and provide detailed financial models for different scenarios.

  • Competitor Analysis

    There is significant competition in specific parts of solar PV value chain, especially in cells and modules, in off grid products, in the EPC segment and in the power plant developer sectors. We evaluate the competitive landscape within the sector, with a detailed look at the strengths and weaknesses of principal competitors.

  • Identification of Key Success Drivers

    We analyse the key drivers for success for the various solar PV segments in the Indian context, and project the impact of future developments.

  • Evaluation of Policy & Regulatory Barriers

    The Solar Mango team continuously interacts with central and state governments on their solar policies, and has an excellent understanding of the ramifications and benefits of these policies. We leverage this expertise while devising the diversification strategies for our clients.

  • Identification of Marketing/Sales Strategies

    Solar Mango has a strong market and marketing focus on every assignment we undertake. With our strategic and in-depth understanding of the Indian renewable energy market, we are in an exceptional position to assist you in arriving at the optimal marketing and sales strategies that provide the greatest long-term value.

  • Identification of Technology or Marketing Partners

    Solar Mango is one of the most well-connected firms in the Indian solar energy sector, with our popular web resource, online community and the country’s largest renewable energy newsletter. Using this unique intersection of industry knowledge and connections, we can assist in identifying and shortlisting the most effective technology and marketing partners for you.

Get to Know More

Download Our Solar Strategy Consulting Brochure


To hear more on how Solar Mango can help your organization in diversifying into the fast growing solar sector, send an email to – Or talk to Narsi +91-98413-48117

Case Study

The retail market is a beast.

Don’t get in without understanding the beast well. It could prove very costly.

The offgrid solar market is full of promises, given we are such a large country.

But it has its challenges too, being a large, mostly retail and widely spread out market.

This was why this medium sized corporate wanted EAI to provide them critical market insights before they got into this sector

Market Intelligence for Diversification into Off-Grid Solar Products

The Background –
A major manufacturer and exporter of textile machineries, equipment’s and components was looking forward to diversifying into renewable energy sector and wanted to target the off-grid solar market. In this context, the client approached EAI to undertake an exhaustive study that would focus on providing insightful information about the current and future scenario of the off-grid solar industry in India.
Scope of Work done

  1. Off-grid renewable energy in India – An overview
  2. Solar off-grid applications and products – Various products and solutions available in the solar off grid space
  3. Product manufacturing – Manufacturing processes, options for entry into manufacturing, associated risk and other aspects were covered
  4. Product value chains – Complete value chain analysis of each of the products was done and business opportunities in the value chain were identified and suggested
  5. Government initiatives and support measures – Various government initiatives and support programs available to off-grid applications and key benefits from the programs
  6. Market entry strategy – A market entry strategy and suggested avenues for entry

The Outcome
A list of major products that make commercial and economic sense and are in line with the already established expertise of the clients was proposed.

$300 Million Bad Investment Avoided is $300 Million Saved

This was what a prominent multinational company realised. Their ambition was to become a large, integrated solar manufacturing player with a global leadership. But the solar manufacturing sector is a minefield, really, and highly competitive. While it might be profitable for businesses to invest in niche areas, becoming a global leader in integrated solar PV value chain is a tremendously challenging task, where companies might have to risk upwards of a billion dollars..

EAI was able to clearly point out to the company the challenges to their aspirations and pitfalls in their strategy.

Partly owing to the insights provided by us, the company decided not to go ahead with the huge investment they were planning in solar manufacturing.

In our opinion, they saved quite a packet. Somewhere around $300 million if you wish to know the numbers.

Solar PV Diversification Strategy for an Indian Multinational
  • EAI provided strategic consulting to a leading company in India to help them diversify into the solar module manufacturing market with a view to attain global leadership positions in 5-7 years.
  • EAI’s extensive research helped the company decide on the type of module to be manufactured (i.e. crystalline or thin film) by highlighting the strengths and potential pitfalls/risks associated with each technology.
  • The report included a view of the various characters of each segment of the value chain with extensive analysis of the global leaders in the solar energy market.
  • EAI developed detailed financial models that outlined the costs involved in the manufacture of ingots, wafers, solar cells and modules.



Talk to us



Call Narsi +91-9841348117

Consulting Home

About Us

Our specialized consulting division provides assistance in market research & business intelligence, market potential analysis, strategy consulting, technology vendor/supplier finder, technology & business due diligence, M&A assistance and more for the complete clean energy, environment and sustainability value chain.

We have assisted a range of stakeholders, small businesses/SMEs, startups, large corporations, state and central government, venture capital companies, private equity firms, investment banks, NGOs and more. Send a note to if you wish to take our consulting help.

Our specialized consulting has benefitted clients all across India and select countries outside:

We has provided consulting & industry research assistance across India, having clients who have benefitted from our consulting or research from the following cities:

Ahmedabad | Amravati | Amritsar | Asansol | Aurangabad | Bangalore (Bengaluru) | Belgaum | Bhavnagar | Bhopal | Bhubaneswar | Bikaner | Chandigarh | Chennai (Madras) | Coimbatore | Cuttack | Dehradun | Delhi | Dhanbad | Durgapur | Faridabad | Firozabad | Gandhinagar | Gangtok | Ghaziabad | Guntur | Gurgaon | Guwahati | Gwalior | Hyderabad | Indore | Jabalpur | Jaipur | Jalandhar | Jalgaon | Jammu | Jamnagar | Jamshedpur | Jodhpur | Kalyan | Kanpur | Kochi (Cochin) | Kolhapur | Kolkata (Calcutta) | Kota | Kozhikode | Lucknow | Ludhiana | Madurai | Mangalore | Meerut | Mumbai (Bombay) | Mysore (Mysuru)| Nagpur | Nashik | Navi Mumbai | Nellore | Noida | Patna | Pimpri & Chinchwad | Pune | Raipur | Rajkot | Ranchi | Salem | Sangli | Solapur | Surat | Thane | Thiruvananthapuram (Trivandrum) | Tiruchirapally (Trichy) | Udaipur | Vadodara (Baroda) | Vijayawada | Vishakapatnam | Warangal

Countries worldwide where we have assisted clients through research reports or consulting

Australia | Austria | Bahrain | Belgium | Brazil | Canada | Chile | China | Croatia | Czech Republic | Denmark | Estonia | Finland | France | Germany | Hong Kong | Hungary | Greece | Iceland | India | Indonesia | Ireland | Israel | Italy | Japan | Kuwait | Latvia | Lithuania | Luxembourg | Malaysia | Malta | Mexico | Netherlands | New Zealand | Norway | Portugal | Republic of Korea (South Korea) | Russia | Saudi Arabia | Singapore | Slovakia | Slovenia | South Africa | Spain | Sweden | Switzerland | Thailand | Tunisia | Turkey | United Kingdom (UK) | United States of America (USA)

Specific Domains We Operate in

Solar Energy

Solar PV– Rooftop Solar | Residential Rooftop Solar | Commercial & Industrial Rooftop Solar | Ground Mounted Solar Farms | Solar Farm Operations & Maintenance | Solar Farm Monitoring & Control | Solar Power Integration with Grid | Offgrid Solar | Solar Water Pumps | Solar Street Lights | Off-grid Solar Homes ||| Solar PV Components – Solar Trackers | Single Axis Solar Trackers | Dual Axis Solar Trackers | Solar Inverters | Solar Power Plant Central Inverter | Solar Power Plant String Inverter | Solar Power Plant Micro-Inverter | Solar PV Mounting Structures | Solar Power Plant Monitoring & Control Systems | Solar PV Wafers | Solar PV Cells | Monocrystalline Solar Cells | Polycrystalline Solar Cells | Thin Film Solar Cells | Bifacial Solar Cells | Solar Modules/Panels | Solar Panel Backsheets | Solar Panel Aluminium Frames | Solar Panel Encapsulants | Building Integrated Solar PV | Solar PV Storage | Concentrating Solar PV |

Solar Thermal – Low-Temperature Solar Thermal | Solar Water Heating | Solar Cooking | Solar Drying | Medium & High Temperature Solar Thermal | Medium Temperature Commercial & Industrial Heating Using Solar Thermal | High Temperature Industrial Heating Using Concentrated Solar Thermal | Concentrating Solar Power | Storage for Concentrating Solar Power | Fresnel Lens based Concentrating Solar Power | Power Tower based Concentrating Solar Power | Parabolic Trough based Concentrating Solar Power | Dish based Concentrating Solar Power | Hybrid Solar Energy | Solar Wind Hybrid | Solar Biomass Hybrid | Solar PV / Thermal Hybrid


Bio-energy for Heating – Combustion-based Biomass Heating | Gasification-based Biomass Heating | Anaerobic Digestion based Biomass Heating

Bio-energy for Power – Combustion-based Biomass Power | Gasification-based Biomass Power | Anaerobic Digestion based Biomass Power | Biomass Combined Heating & Power | CHP Boilers for Biomass | Operations & Maintenance for Biomass-based Energy Plants | Biomass Storage | Biomass Pre-processing | Biomass Ash Management,

Bio-energy for Transportation – Ethanol | First Generation Ethanol | Second Generation Cellulosic Ethanol | Biodiesel | Biodiesel through Transesterification | Hydrogenated Vegetable Oil – HVO | Bio-butanol | Bio-methanol | Bio-CNG | Aviation Biofuels

Other Bio-energy – Biogas | Syngas

Bio-Energy Crops – First Generation Bio-energy Feedstock | Agricultural Waste Feedstock | Dedicated Energy Crops | Perennial Biomass Bio-energy Feedstock | Prominent Biomass Feedstock for Heating & Power | Sawdust for Heating & Power Generation | Rice Husk for Heating & Power Generation | Paddy Straw for Heating & Power Generation | Bagasse for Heating & Power Generation | Julieflora for Heating & Power Generation | Bamboo for Heating & Power Generation

Energy Storage

Electrical Storage – Capacitors | Superconducting Magnetic Energy Storage | Chemical Storage | Hydrogen Storage | Fuel Cells

Electrochemical Storage – Battery | Lead Acid Battery | Lithium Ion Battery | Emerging Battery Types | Sodium Sulfur Battery | Solid State Batteries | Battery Management Systems

Mechanical Storage – Pumped Hydro Energy Storage | Flywheel Energy Storage | Compressed Air Energy Storage

Sustainable Transportation

Sustainable Transport – Two Wheelers | Bicycles | Electric Bicycles | Electric Motorbikes | Electric Scooters | Electric Three Wheelers | Sustainable Car Transport | Electric & Hybrid Electric Cars | Battery-based Electric Cars | Hybrid Electric Cars | Plug-in Hybrid Electric Cars | Fuel Cell Electric Cars | Electric Light Commercial Vehicles | Electric Mini Trucks & Vans | Electric Buses | Fuel Cell Buses | Electric Heavy Commercial Vehicles | Electric Trucks | Sustainable Rail Transport | Sustainable Aviation | Fuel Cell Vehicles | Sustainable Transport Infrastructure | EV Charging Infrastructure | DC Charging for Electric Vehicles | AC Charging for Electric Vehicles | Battery Swap Stations for Electric Vehicles | Hydrogen Fueling Infrastructure | Sustainable Transport Fuels and Fuel Standards

Sustainable Transport Fuels – Biodiesel | Ethanol | Bio-CNG | Other Biomass-based Liquid Fuels | Hydrogenated Vegetable Oil – HVO

Our Clients

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