India can now make 700 megawatts of photovoltaic modules each year, according to the plan. The aim would be to make 20,000 megawatts of solar cells annually by 2017 and to establish expertise in solar thermal technologies. Total costs would be 85,000 and 105,000 crores ($18.5 billion to $22.8 billion) over a 30-year period. To help finance the project, the plan foresees a significant tax on gasoline and diesel — fuels the government currently subsidizes.

1. On a Solar Mission: How India is Becoming a Centre of PV Manufacturing Presented at Solar Economic Forum on Grid Parity PV London 16th to 18th June 2009: Himadri Banerji

2. Presented at Solar Economic Forum on Grid Parity PV London 16th to 18th June 2009: Himadri Banerji In an article published in the 6th June issue of New York Times, it is reported that India is working towards becoming a global leader and a hub of solar power, something the developed nations like Germany, Spain and US were recognized for. This is arising out of a draft report called the National Solar Mission which the Government of India is working on. As per the report India plans to add 20000 MW of Solar Power Generation Capacity by 2020. Further the plan envisages 100000 MW by 2030 and 200000 MW by the middle of this century

6. Buyers market in 5 years: supply will exceed demand Presented at Solar Economic Forum on Grid Parity PV London 16th to 18th June 2009: Himadri Banerji GERMANY WORLD

16. Benchmarking Countries:India Shines Presented at Solar Economic Forum on Grid Parity PV London 16th to 18th June 2009: Himadri Banerji Energy Purchase Obligation from PV Status of India on PV Feed In Tariff Availability and Accessibility of Finance Incentive For Manufacturing PV Acceptance at National Level Indirect support Mechanism (Tax Credit ) National level PV Industry Development Energy Purchase Obligation thru Solar PV

18. Presented at Solar Economic Forum on Grid Parity PV London 16th to 18th June 2009: Himadri Banerji Key policy highlights of leading countries KPIs GERMANY JAPAN USA Renewable energy obligations No exclusive RPS for solar PV. But target of 12.5% by 2010 and 20% by 2020 Target for solar is 4.8 GW by 2010 and 100 GW by 2030 3GW of new, solar-produced electricity by 2017 (California). Target for RE is 20% by 2010 and 33% by 2020 (California). Attractiveness of feed in tariff (FIT) mechanism € 54.53 cents (for <30kWp),€51.87 cents (for30-100 kWp),€51.30 cents (for>100 kWp) bonus of €5 cents/kWh for BIPV and€ 42.42 cents for ground mounted;decrese of 5% pa and 9% from 2008 onwards. Guarantee period-20 yrs. Only net metering and electricity sold to grid at the same price at which it is bought (retails tariff). FIT (California) is US $ 0.39 per kWh for residential and non-residential and US $ 0.50 for public (governemtn agrencies and non-profit organisations) as they do not get any tax benefits, 27 states have declared FITs. Attractiveness of indirect support mechanism tax incentive Under discussion None 41 states have some sort of tax incentive available to consumers. Attractiveness of manufacturer incentives Manufacturing incentives are available for solar in terms of capital subsidy and direct and indirect taxes. Capital subsidy (10-50%) varies from industry to industry and volume of investment. None 19 sates offer industry support to the solar industry. Availability and accessibility of finance for consumers Soft loan (appox.2% interest rate) Available but not to the scale of the USA and Germany 34 states offer subsidised loans to consumers for the purchase and installation of solar PV equipment. National PV cost economics development Germany has one of the most active R&D landscape in the PV area. It has helped Germany cut down the solar panel cost from € 9-10/W in 1998 to €4/W in 2007. Reduction in cost of system from 2 million yen/kW (1994) to 0.67 m yen/kW (2007) National PV market development German PV industry (including sales of equpment and slae of power) turnover for 2007 reached € 5.7 billion. These are around 60 manufacturers and more than 12000 firms dealing in solar PV business employing app.40000 people. Market growth of 40% year on year over the period 1997 to 2007, third largest market globally, second in thin films production and largest producer of solar cells in 2007. Market growth of 37% year on year over the period 2003 to 2007, fourth largest market globally, leader in thin films production and fourth largest producer of solar cells on 2007. National PV acceptance Very high- as a result of favourable pV policies, there has been significant growth in PV installations between 2002 and 2007. Germany has overall accumulated PV power installation of 3.8 GWp. Low-as there has been a significant decrease (46%) in residential PV installations between 2005 and 2007 after the removal of the subsidy for residential consumers as highlighted by the decrease from 7,00,000 households in 2005 to 5,00,000 households in 2007. High-most states have offered some sort of incentive for promoting solar PV and USA is now turning into a net importer of solar PV panels.