For the complete report, get in touch with us at: info@netscribes.com Solar photovoltaic (SPV) market in India is at nascent stage but has huge potential to grow. The SPV capacity in India is 100 MW. The market comprises of 20 companies engaged in the business of solar PV modules and 15 companies engaged in the business of solar PV cells while there are 50 companies that are engaged in the assembly and supply of PV systems. The overview section provides an introduction to the overall renewable energy market including the share of renewable energy in the overall power sector in India, growth, and the share of the various segments of renewable energy, followed by a brief study on the photovoltaic technology and the overall solar photovoltaic market in India including region-wise distribution. An analysis of drivers reveals that abundant solar radiation, rise in foreign trade, fall in prices of raw materials, availability of funds, demand for off-grid PV applications, demand – supply gap and rise in polysilicon plants is driving growth in this sector. The key challenges identified are high costs for setting up large scale grid connected solar PV projects, lack of supply of silicon wafers, lack of standards, land acquisition problems, lack of consumer awareness. The report covers the various initiatives undertaken by the Government of India with the major initiative being the Jawaharlal Nehru National Solar Mission. Other initiatives include generation based incentives, focus on R&D, fiscal incentives, special incentive package, Akshay Urja shops, remote village lighting program and various State funded initiatives. The report also discusses the current market trends including tie-ups between domestic and foreign firms, introduction of EMI schemes, telecom towers adopting solar PV applications, thermal power companies diversifying into solar photovoltaic segment. The competitive landscape includes the profile, expansion plans of the players in the market. The report also covers key developments in the sector.

1. Solar Photovoltaic Market - India
June 2010

2. Executive Summary
Total installed capacity of SPV in India is S
Installed capacity of solar PV cells is F while installed capacity of PV modules is D
Market
Bulk of India’s installed SPV capacity is in the form of non-grid applications
LE
Drivers Challenges
Geographical location High costs for setting up large scale grid
Drivers &
MP
Fall in price of raw materials
Growth in foreign trade
connected SPV projects
Lack of silicon wafers
Lack of consumer awareness
A
Availability of funds
S
Challenges Demand for off-grid PV application Lack of standards
Demand Supply gap Land acquisition problems
Rise in polysilicon plants
Tie-ups between domestic and foreign players
Introduction of EMI schemes
Trends Telecom towers adopting solar PV applications
Thermal power companies diversifying into SPV segment
The market is largely organized with a sizeable number of players
Major Players
Competition • Company 1 • Company 2
• Company 3 • Company 4
SOLAR PHOTOVOLTAIC MARKET IN INDIA 2010.PPT 2

3. Solar photovoltaic market in India is still at a nascent stage
but has huge potential to grow
Overview – Solar Photovoltaic Market Market Size and Growth - SPV
• Globally, solar photovoltaic (SPV) market is expected to MW
be worth B by 20-- z
600
• Total installed capacity of SPV in India is S
LE
A%
In India, grid connected PV capacity is C 400
y
P
• Bulk of India’s installed SPV capacity is in the form of x
non-grid applications w
200
M
v
• India’s current (20--) PV module installed capacity is D
end of 20--
• SPV market in India is mostly organized
SA
which is expected to increase to E while its PV cell
installed capacity is F, expected to increase to G by the
0
20-- 20-- 20--
Production of Solar PV Cells and Modules
20-- 20--
There are H entities engaged in the production of solar cells
MWp PV Cells
I companies in the PV modules space and
250 PV Modules R
J companies are engaged in the assembly and supply of PV
systems 200 Q
150 P
O
100 N
L
K M
50
0
20-- 20-- 20-- 20--
Source:
SOLAR PHOTOVOLTAIC MARKET IN INDIA 2010.PPT 3

4. Drivers & Challenges – Summary
Drivers
Challenges
Geographical location
High Costs
Fall in prices of raw materials
Lack of silicon wafers
Growth in foreign trade
Lack of standards
Availability of funds
Land acquisition problems
Demand for off-grid PV application Lack of consumer awareness
Demand supply gap
Rise in polysilicon plants
SOLAR PHOTOVOLTAIC MARKET IN INDIA 2010.PPT 4

5. Trends – Summary
Thermal power companies Tie-ups between domestic and
diversifying into SPV segment foreign entities
Key
Trends
Telecom towers adopting solar
Introduction of EMI schemes
PV applications
SOLAR PHOTOVOLTAIC MARKET IN INDIA 2010.PPT 5

6. Key Government bodies working towards the development
of solar energy and other renewable energy resources
Major Government Bodies
Ministry of New and Renewable Indian Renewable Energy
Solar Energy Centre
LE
Energy (MNRE) Development Agency
MP
• Chief body concerned with
new and renewable energy
• Responsible for the
implementation of
SA• Under the administrative
control of the MNRE
• It promotes, develops,
extends financial
assistance for renewable
• A unit of MNRE
• Works towards the
development of solar
energy technologies and
promotes its applications
Programmes which include energy and energy through product
Rural al lighting, cooking and efficiency projects development
motive power • It is notified as a Public • It undertakes activities
Use of renewable energy in Financial Institution under related to design,
urban, industrial and section 4 of the Companies development, testing,
commercial applications Act, 1956 and registered as standardization,
Development of alternate
a Non-Banking Finance consultancy, training and
fuels and applications
Corporation (NBFC) with information dissemination
Reserve Bank of India in the field of Solar Energy
Source:
SOLAR PHOTOVOLTAIC MARKET IN INDIA 2010.PPT 6

7. Competition – Overview (1/2)
Player Manufacturer of PV cells Manufacturer of PV module Supplier of PV systems
Company 1
Company 2
Company 3
Company 4
Company 5
Company 6
Company 7
Company 8
Company 9
Company 10
Company 11
Company 12
SOLAR PHOTOVOLTAIC MARKET IN INDIA 2010.PPT 7

8. Thank you for the attention
The Solar Photovoltaic report is a part of Research on India’s Power Industry Series.
For more detailed information or customized research requirements please contact:
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SOLAR PHOTOVOLTAIC MARKET IN INDIA 2010.PPT 8