Solar Energy - India

February 2009

volatility in polysilicon prices. entry of new players in polysilicon market. BB CC etc New players entering the solar space include company DD Companies have increased their investments in solar technology and products 2 .INDIA.Executive Summary Solar energy market in India is worth USD XX mn Accounts for less than x% of total installed renewable energy capacity Government plans to increase the share of renewable energy to y% by 2032 Solar energy is harnessed through either of two methods: – Solar Thermal Plant/Concentrated Solar Power Plant – Solar Photovoltaic (SPV) Market Drivers & Challenges Drivers: Positive government policies. export demand for solar equipment Challenges: High unit cost of solar energy. and dependence on raw material imports Increase in M&A activity in renewable energy sector Domestic and international players are moving in solar energy space Public and private investments have increased in solar energy market Trends LE P M A S SOLAR ENERGY .PPT Competition Major players include Company AA. abundant solar radiation in India.

PPT 3 .•Introduction •Market Overview •Drivers & Challenges •Trends •Government Initiatives •Competition •Key Developments SOLAR ENERGY .INDIA.

Renewable energy sources are gaining share in the total power capacity in India Overview • Principal renewable sources of energy are: Wind Energy Small Hydro upto 25 MW Biogas Solar Energy Power Sector Break-up 100 80 60 a% b% c% Renewable • Renewable energy capacity reached ZZ MW. accounting for x% of the total installed power capacity in India • Renewable energy witnessed the growth of x% in installed capacity from AA MW in 2002 to BB MW in 2007 • The Ministry of New and Renewable Energy (MNRE) plans to take the total renewable energy capacity to more than X MW during 11th Five-Year Plan • Wind energy accounts for x% of the total renewable energy capacity LE P M A S 40 20 0 SOLAR ENERGY .INDIA. 20-Source: 4 .PPT x% y% z% Conventional 2002 2007 2008* Thermal x% u% Nuclear z% Renewable y% Hydro India plans to more than double its renewable energy capacity by 2012 India plans to more than double its renewable energy capacity by 2012 * As of Feb.

Solar Cooker. Solar Thermal Program Solar Water Heating System Solar Cooker Solar Thermal/Concentrated Solar Power (CSP) . CC nos.g.Solar energy is at a nascent stage in India and the Solar Photovoltaic method of power generation is dominant Overview •Solar energy market is worth USD XX mn Solar energy accounts for a fraction (less than x%) of the total renewable energy installed capacity in India Capacity and Growth Sources / Systems Distributed Renewable Power Solar power Estimated potential Cumulative Achievement* •India has long term goal of generating x% of the country’s electricity from renewable sources by 2032 •Solar energy can be harnessed through two methods – Solar Photovoltaic (SPV) .PPT - XY MW Decentralized Energy Systems SPV Program Solar Street Lighting Home Lighting System Solar Lantern Solar Power Plants Solar Photovoltaic Pumps ZZ MW/ Sq.converts light directly into electricity – E. m collector area X million Sq.Km Y million Sq.INDIA. 20-- 5 . Solar Air Heating Source: • Distributed Renewable Power – Grid interactive • Decentralized Energy Systems – Off-Grid * As of October 31. Solar Ponds. BB nos.converts light first into heat and then electricity – Examples Water Heating. Standalone Power Plant – MNRE has funded xx grid interactive SPV power plants with total capacity of yy MW LE P M A S SOLAR ENERGY . m collector area A mn AA nos. DD Mwp EE nos.

Drivers and Challenges Challenges Drivers Tropical Location Government initiatives New players entering polysilicon market Major export demand Minimal fuel and environmental risks Solar Power Unaffordable due to high costs High dependence on raw material import Volatility in polysilicon prices Land scarcity SOLAR ENERGY .INDIA.PPT 6 .

PPT 7 .INDIA.Key Trends Increase in M&A activity Trends New players entering solar energy market Increase in public and private investments SOLAR ENERGY .

SEZ a% + Exemption from CVD b% + Exemption from CVD LE P M A S Fabrication* Eco-System Source: SOLAR ENERGY . Direct Initiatives • Financial assistance amounting upto INR -..per KW in case of thermal Power plant for a period of x years • Indian Renewable Energy Development Agency (IREDA) provides revolving fund to financing and leasing companies offering credit for the purchase of PV systems • Direct Investment of up to x% is permitted in non-conventional energy sector through the automatic route Indirect Initiatives • In March 20-.per KW hour in case of solar PV with maximum capacity of X MW and upto INR -.PPT 8 .the Indian government announced a semiconductor policy under its Special Incentive Package Scheme (SIPS) Type of Unit Threshold NPV of investment USD – bn USD – bn Incentives in SEZ x% y% Incentives in Non .INDIA.Government is providing various direct and indirect incentives to encourage investment in solar energy.

Netscribes is a one-stop shop designed to fulfil clients’ profitability and growth objectives.PPT 9 .com Subhash Chennuri Phone: E-Mail: +91 98190 59664 subhashr@netscribes. At its core lies a true value proposition that draws upon a vast knowledge base. and no part may be reproduced without prior written permission. This document is the sole property of Netscribes (India) Pvt. business & corporate intelligence. Although high standards have been used in preparing this report. Ltd.com SOLAR ENERGY . For more detailed information or customized research requirements please contact: Natasha Mehta. and knowledge-software services. Ltd. CFA Phone: E-Mail: +65 9651 6382 natasham@netscribes. This report is published for general information only. or Netscribes is not responsible for any loss or damage arising from use of this document. www.Thank you for the attention The Solar Energy report is a part of Netscribes’ Power Industry Series. content-management services. The company’s expertise spans areas of investment & business research.com About Netscribes Netscribes is a knowledge-consulting and solutions firm with clientele across the globe.netscribes.INDIA. Netscribes (India) Pvt.

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