UPDATED MAY 2011

India Solar PV Module Market Report

India Solar PV Module Market Report

Preface
Solar Energy demand globally has been growing at about 30% per annum over the past 15 years. In comparison, the hydrocarbon demand growth rate is 0-2% per annum. This high growth rate in solar energy is due to many reasons – increasing cost of petroleum products and the parallel decreasing cost of producing power from solar, and a concern world over on the harmful effects of using fossil fuels. In India, the high GDP growth rate has created a huge demand for energy, but the supply is unable to match the demand. The total installed capacity of power as of February 2011 is 172 GW. The estimated shortage of power in India is about 20 GW in February 2011.In addition, 56% of Indian population does not have access to electricity. This situation in power generation has prompted the Government of India to formulate new policies to encourage Renewable energy in general and solar energy in particular. In fact, India is one of the few countries in the world that has a dedicated ministry for New and Renewable energy. India is in the sunny regions of the world with most parts of the country receiving 4-7kwh (kilowatt-hour) of solar radiation per square meter per day, 250-300 sunny days in a year. Even though Solar energy constitutes a miniscule part in India’s installed power generation capacity (with grid connected solar PV generation at a mere 6 MW as of March 2010), in the medium and long run, it is expected that solar energy, especially solar PV will form a vital component of the country's energy mix. The recently released Jawaharlal Nehru National Solar Mission (NSM) and its generous incentives provide a great reason for entrepreneurs and investors to explore this industry. The National Solar Mission has three successive stages leading up to an installed capacity of 20,000 MW of solar energy – comprising both solar PV and solar thermal - by the end of the 13th Five Year Plan in 2022. The solar installed capacity target under the NSM is expected to generate 25-30 TWh/annum by the year 2022. In order to encourage indigenous manufacturing of components used in solar power generation, the Government of India has mandated that 100% of the modules used in solar projects allotted in 2010-2011 have to be made in India. The Government has also mandated that from 2011-12, 100% of cells used in Solar Projects should be made in India. In view of the above factors, one of the attractive business sectors opening up is the solar module production. Solar module production forms the last stage of the solar PV manufacturing value chain, before the modules/panels are used in power plants. This report provides a comprehensive review of the Indian solar PV module making industry, and is targeted towards companies and businesses keen on investing in this segment. This

Energy Alternatives India @ www.eai.in

The India Solar Module Market Report was last updated in May 2011.eai. a leading business intelligence and market research firm with a dedicated focus on Indian renewable energy and cleantech industries. Since the market for thin films is in a very nascent stage making it difficult to make any sort of scientific calculations on the market potential in India. Energy Alternatives India @ www.in . relevant technical information on thin film is provided in the report in order for the reader to understand the differences between the two technologies. the same has not been included in the report. The report was developed by Energy Alternatives India (EAI).India Solar PV Module Market Report report focuses mainly on the crystalline silicon PV module segment. However.

2 Global Players 1.4 Demand and Supply of Modules 1.4.3.2 Thin Film 2.3 Current Solar Photovoltaic Market Scenario 1.6.7.2. Indian Solar PV Industry Status and Current Trends 1.2.3.3.2 Modules 2.2.2 Global Market Overview 1.3 Machines and Equipments 2.2.3 Demand.1 Introduction 1.3.eai.1 Crystalline Silicon 2.2 Crystalline Module Making 2.6.6 Major Module Manufacturers 1.2 Demand in India 1.1 Introduction 2.7.2 Solar Photovoltaic’s 1.Technology Involved 2.1. Market Share 1.4.India Solar PV Module Market Report Contents 1. Thin Film 2.4.in .3.1 Drivers 1. Basics of Modules .7 Drivers and Barriers for Solar PV Module Investments 1.5 Solar Modules in India.1 Technology Options – Crystalline Silicon vs.2 Assembly Process 2.2.2.Supply Gap 1.1 Module Structure 2.1 Domestic Players 1.1 Automated Solar Cell Tester 2.3 Pneumatic Assistance for String Placement Energy Alternatives India @ www.2.2 Barriers 2.Industry Trends 1.1 Global Demand and Supply 1.1. Domestic Market Overview 1.1.3.2 Photovoltaic Glass Washer 2.2.3.

1.1 Introduction 3.India Solar PV Module Market Report 2.4 Module Layup Station 2.3.1.2 Project Completion Risk 4.eai.2 CdTe Manufacturing Process 2.3 CIGS Manufacturing Process 2.8 Manual EVA Layup Station 2.1 Introduction 4. Investment and Returns 3.7 Manual Busing Station 2.3 Country and Financial Risks 4.2.5 Market Risks 5. IRR.4 Thin Film Module Making 2.1 Land Requirement 3.4. Payback Period 4.5 Testing and Certification of Modules 2.3 Operational Costs 3.5 Automated Solar Cell Assembly 2.3.1 Costs 3.1 Financing for Solar PV Module Production Energy Alternatives India @ www.3.2 Costs and Returns 3.3.12 High Voltage Test Station 2.2 Renewable Energy Financing in India 5.3.4 Returns – Cash Flow.3 Government Incentives to Support Solar PV Manufacturing 3.2.4.2 Capital Investment 3.2.in .2.6 Auto Busing System 2.4.2.10 Automated Photovoltaic Module Laminators 2.1.3.4 Operational Risks 4.3.6 Recent Technology Developments 3. Risks and Mitigation 4.1 Amorphous Silicon Manufacturing Process 2.1 Introduction 5.9 Manual Inspection Station 2.11 Solar Simulators and PV Module QA Testers 2. Financing Options 5.3.3.

6 Achieving Financial Closure of the Project 6.India Solar PV Module Market Report 5.5 Examples of Investments in India for Solar PV 5. Next Steps 6.5 Selection of Raw Material Suppliers and Entering into Memorandum of Understanding (MOU) with Them 6.VII List of Glass Manufacturers – Global ANNEXURE .7 Implementation of the Project 6.3 Preparation of Detailed Project Report 6.eai.6 What Do Financial Institutions Look for Lending to Module Making Companies? 6.3 Corporate Finance 5.2 Preparation of Prefeasibility Study 6.1 Introduction 6.3 Nodal Agencies that Support Renewable Energy Financing in India 5.2 Asset Finance 5.2.2.VIII Energy Alternatives India @ www.4 Module Turnkey Providers 6.8 Module Testing and Certification 6.in .9 Contacting Government Officials ANNEXURE – I List of Solar PV Cell Manufacturers – India List of Solar PV Cell Manufacturers – Global ANNEXURE-II List of EVA/Back sheet/ Front sheet/ PET/ TPT/TPE/PVB & TCO Manufacturers – Global ANNEXURE – III List of Manufacturers of Connectors – Global ANNEXURE – IV List of Ribbon Manufacturers – Global ANNEXURE – V List of Manufacturers of Cables – Global ANNEXURE – VI List of Frame Manufacturers – Global ANNEXURE .4 Financing Institutions in India 5.

in .eai.India Solar PV Module Market Report List of Junction Box Manufacturers – Global List of Figures List of Tables Energy Alternatives India @ www.

7 Drivers and Barriers for Solar PV Module Investments Highlights With its abundance of sunlight.2 Thin-film PV 1.3.Concentrating Photovoltaic 1.6 Major Module Manufacturers 1.1.3. who www.3.3 Current Solar Photovoltaic Market Scenario 1.eai.1. In India.3.3.Industry Trends 1.5 Solar Modules in India. The Mission plans to achieve this by mandating local content requirement for all projects that come under the JNNSM.3 Solar PV . India has tremendous potential to emerge as one of the leaders in solar power generation. Domestic Market Overview 1.6.3.3.2 Global Market Overview 1. In order to achieve leadership in solar power generation. the former dominates in market share world over and is expected to continue to maintain its leadership position in the foreseeable future. According to the Government of India’s policy for the solar sector – Jawaharlal Nehru National Solar Mission (JNNSM) – a target of 20 GW of solar installations by 2022 has been set.4 Demand and Supply of Modules 1.1 Crystalline silicon PV 1.1 Introduction 1. The JNNSM aims to make India one of the major manufacturing hubs for solar PV manufacturing. it is important to have a local manufacturing base in India.in .6.India Solar PV Module Market Report 1 Indian Solar PV Industry Status and Current Trends 1. This presents an opportunity for anyone Energy Alternatives India @is desirous of entering this sector. Market Share 1.1. Among the two dominant technologies in solar PV – crystalline silicon and thin films.2 Solar Photovoltaic’s 1.2 Global Players 1. other state policies on solar energy are expected to increase demand for Solar PV modules.1.1 Domestic Players 1. apart from the JNNSM.

the Global Solar module capacity is projected to increase by 100% from its 2009 levels by the year 2013. The focus of this report is on crystalline silicon. Energy Alternatives India @ www.eai. even though we also give details relevant to the thin-film technology. various aspects of the solar PV modules sector in India are comprehended. The Solar policies of the various states like Gujarat. Indian Solar PV Industry Status and Current Trends Introduction The Indian Solar PV Industry is at a very nascent stage in India.in . Rajasthan. industry trends and an overview of the major players in the solar PV segment in India. demand and supply gap for PV modules in India. With the announcement of the Jawaharlal Nehru National Solar Mission (JNNSM) in 2010 and the mandates for local content requirement provided in the guidelines of the JNNSM has given a big push for the growth of the solar PV industry in India.India Solar PV Module Market Report SAMPLE CONTENT 1. While the efficiency of c-Si is high. Karnataka and the a few other upcoming state policies are also expected to create significant demand for solar PV industry. In this section of the report. Current Solar Photovoltaic Market Scenario Market Share Crystalline PV The majority of PV cells produced today use crystalline silicon (c-Si) as it is a light absorbing semiconductor. These PV cells have energy conversion efficiencies between 11 percent and 16 percent. The energy conversion efficiency of a solar cell is the percentage of incident sunlight converted into electricity. thin-film technology in India is at nascent stage. it absorbs light poorly and requires many layers to perform efficiently in solar applications. As mentioned in the preface of the report. The c-Si technology was originally developed for the semiconductor industry to produce PV cells for integrated circuits and microchips. This includes the details about the various technologies like crystalline silicon and thin films. Global Demand and Supply According to the market research firm iSuppli.

India Solar PV Module Market Report Figure 1.in .eai.6: Analysis and Projections of the Solar Module Capacity 30000 25000 20000 15000 10000 5000 0 2009 2010 2011 2012 2013 2014 Module Production Capacity (MW) Source: iSuppli Energy Alternatives India @ www.

it can be sold to the market only after it has been testing and certifications according to IEC guidelines are done.2. Whereas crystalline silicon uses bulk material.3 CIGS Manufacturing Process 2.2 Assembly Process 2. Once a module is produced.India Solar PV Module Market Report 2 Indian Solar PV Industry Status and Current Trends Highlights 2.1 Introduction 2.1 Module Structure 2.2 CdTe Manufacturing Process 2. The crystalline silicon module production process is an assembly processes involving several materials and different processes. Thin film module production has fewer materials and fewer steps.1 Technology options – crystalline silicon vs.2 Crystalline Module Making 2.3 Machines and Equipment 2.4.4 Thin Film Module Making 2.2 Modules 2. This involves several equipments. thin film technology uses a substrate onto which tiny particles are embedded. Thin film production is more than an assembly process and involves laser scribing and other processes.in .1Amorphous silicon manufacturing process 2.4.6 Recent Technology Developments Crystalline silicon technology and thin film technology differs in quite significant ways.5 Testing and Certification of Modules 2.eai.2.2. Energy Alternatives India @ www.2.2. thin film 2.2.4.

Technology Involved Introduction Solar PV modules can be produced using different technologies. only crystalline silicon technology is discussed in detail in this section. In this section. Less efficient than polycrystalline and Monocrystalline panels: Efficiency range – 10% to 12% Monocrystalline cells are A polycrystalline cell is cut cut from a chunk of from multifaceted silicon silicon that has been crystal. The production processes for both these technologies is also explained in detail. followed by thin films. since thin-films are very nascent in India. crystalline silicon technology leads the Solar PV module production. even though details about thin-films is also provided for the sake of completion. Monocrystalline and Polycrystalline Solar Cells Properties Thin film solar cells Monocrystalline cells Polycrystalline solar cells Construction Thin film is made by depositing one or more thin layers (thin film) of photovoltaic material on a substrate. There are also other technologies being developed. Basics of Modules .in . The details about the various testing and certification standards for modules are discussed in this chapter followed by some of the latest developments in the Solar PV technology. the technology details of the crystalline silicon and thin film modules are provided. but crystalline silicon technology and thin film technology will continue to dominate the solar PV module space for the foreseeable future.eai. grown from a single crystal. unless some technology breakthrough happens.1: Comparison Table between Thin Film. As mentioned in earlier sections. Today. Once a module is produced. Table 2. it is important to test and certify them before they can be sold to customers.India Solar PV Module Market Report SAMPLE CONTENT 2. The important equipments used for the production are discussed subsequently. Efficient compared to both poly crystalline and thin film: Efficiency range – 15 to 19% Efficient than thin film solar cell but less efficient than Monocrystalline solar cell: Efficiency range -11-15% Efficiency Energy Alternatives India @ www.

cells.in . Variations of appearance.03 $2. monocrystalline cells.91MW Stability Less stable Very good stability Good stability and better than thin film solar. tend to be uniform in appearance.eai. temperatures Source: Compiled from various sources Energy Alternatives India @ www.623 MW per per 1000 sq. uniform in Monocrystalline cells tend to be non-uniform in color.m) $1.37 per watt (€1. weight compared to poly crystalline cells Cost (As of January $1.07 per watt 2011) per watt) (€1.98-1MW 0. blue color. less to Performance Performance is less Better than Performance is compared to polycrystalline cells and compared monocrystalline solar thin film solar cells.95 per watt (€1. Polycrystalline cells will appear “grainy” Flexibility Yes (using glazing) plastic No No Weight Light weight compared Heavier compared to to monocrystalline cells thin film but less in Heaviest and polycrystalline cells.India Solar PV Module Market Report Appearance Polycrystalline solar cells Thin film. output 0. Thin film solar cells are largely unaffected while operating under higher temperatures Temperature Monocrystalline panels Multi crystalline panels operate at decreased operate at wide range of efficiencies in higher temperatures.46 per watt) 0.55 per watt) Area (Avg.

2.1 Costs 3.1.4 Returns – Cash Flow.3 Government Incentives to Support Solar PV Manufacturing 3.1.2. working capital requirement is quite high. Raw materials (solar cells) constitute the biggest component of the cost in a module.in .2.1.2.India Solar PV Module Market Report 3 Investment and Returns 3. The operating profit for a module plant will be approximately 10%. Energy Alternatives India @ www.1 Land Requirement 3.2 Costs and Returns 3.1 Introduction 3. IRR.3 Operational Costs 3.2 Capital Investment 3. The capital requirement and land requirement for setting up a PV plant is relatively low. However. Payback Period Highlights Module production is one of the segments in the Solar PV value chain with the least barriers to entry. since the raw materials used in module production (solar cells especially) are quite expensive.eai.

1.2. Estimates are provided for a 25 MW crystalline PV module plant. This section deals with the Costs and Returns. there are cases where some plants start with a fully automated line even with a capacity of about 25 MW. Even though it is possible to start a production facility of as low as 5 MW per annum.India Solar PV Module Market Report SAMPLE CONTENT 3. There are two main types of assembly lines – Semi-automated and Fully automated lines. It is fairly easy to scale up the capacity if the initial decision incorporates the future expansion. a semi-automated line is preferred.in . Investment and Returns 3.1 Costs 3. 3.1 Land Requirement A 25 MW plant requires approximately 1200 square meters. a warehouse for storing the raw materials. the minimum cost of investment can be about $110.2. Depending upon the level of automation. it is advisable to start with at least a production capacity of about 10 MW per annum. semi-finished/finished goods is required and the area for the warehouse would be about 1000 square meters. The thumb rule is that if the planned capacity of the plant is more than 50 MW per year a fully automated line is preferred else. The difference between the land requirement for a semi-automated plant and a fully automated plant is not very significant. The office space would require approximately another 300 square meters. In addition to the production floor.eai. Additionally.2 Costs and Returns 3.1 Introduction Solar PV Module assembly is one of the preferred routes for a newcomer to the industry.000/ MW (excluding land). Energy Alternatives India @ www. One of the possible configurations is a line that has the dimensions 60 Meters X 20 Meters. the decision on selecting the level of automation should also reflect on future expansion plans. This chapter provides inputs on the costs and returns for a module making plant. However. This is because the capital cost per MW for setting up a module assembly plant is relatively low compared to cell manufacturing or wafer production.

India Solar PV Module Market Report 4 Risks and Mitigation Highlights 4.2 Project Completion Risk 4.4 Operational Risks 4. There are different types of risks at each stage of starting the module production venture and each risk has to be mitigated in different ways. Energy Alternatives India @ www.5 Market risks Risk assessment is an essential part of decision making process for a lender or an investor.eai.3 Country and Financial Risks 4.in .1 Introduction 4.

Operational risks 4. Market risks Project Completion Risk Table 4.in . Get very good laborers Skilled labour a delay in building skilled labour workforce may at the initial stages of outrun the project by a significant time the project Cost Overrun This refers to the various costs which directly or indirectly affect the projected cost predictions and hence in turn may disturb the overall cost pattern of Energy Alternatives India @ www. Risks and Mitigation Introduction Before making an investment decision in the solar PV modules segment.India Solar PV Module Market Report SAMPLE CONTENT 4. In this section. 1. VCs and PEs will also be extremely keen on understanding the risks and mitigation strategies. the following risks are analyzed and appropriate mitigation strategies suggested. Lenders like banks. A clear mitigation strategy should also be put in place before committing on investments. Project Completion Risks Time Overrun This refers to the various time delays which directly or indirectly affect the course of the entire project Shipment A delay in shipment of the manufacturing equipment Delay may pose a severe time lag in setting up the entire module line and hence in turn may delay the entire project Delay in Land A considerable delay in clinching land deals may Acquisition jeopardize the entire project /deals Risk Mitigation A i Set penalty clause with the equipment supplier for delay in shipment ii iii B Since the land requirement for setting up a module plant is not very high. Country and financial risks 3. one has to thoroughly analyze the risks involved in venturing in to solar PV module production. land acquisition is not a big risk in this case Availability of Skilled labourers play a key role in any project.eai. Project completion risk 2.1: Project Completion Risks Description 1. Hence.

required is small and will be purchased immediately Energy Alternatives India @ www. ii Land cost This does not pose a major risk.eai. An increase in the import duties levied on these equipments may increase cost several folds. Most of the manufacturing equipments are needed to be imported from foreign markets.India Solar PV Module Market Report i Import duty the project. since the government wants to support the growth of this sector The ever changing cost patterns of the land prices may Not a big risk since land significantly influence the cost of the entire project.in .

3 Corporate Finance 5.5 Examples of Investments in India for solar PV 5. Asset financing and corporate finance are also resorted to by major companies. YES bank.2. There are several financing institutions in India.in . Energy Alternatives India @ www.1 Introduction 5.eai. both on the public sector (IREDA. etc).6 What Do Financial Institutions Look for Lending to Module Making Companies? Highlights Some of the major financing options are equity and debt financing.1 Financing for Solar PV 5.3 Nodal Agencies that Support Renewable Energy Financing in India 5. SBI) and private sector (ICICI.5 India Solar PV Module Market Report Financing Options 5.2 Asset Finance 5.2.2.4 Financing Institutions in India 5.2 Renewable Energy Financing in India 5.

which is very common for corporations diversifying to new sectors. In this section.in . the government’s changing priorities and the inevitability of renewable energy to supplement India’s energy mix. However. Renewable Energy Financing in India Thanks to growing awareness. It is expected that M&A activity for this sector will accelerate as well. Energy Alternatives India @ www. some renewable energy companies are testing the IPO route. Most banks can technically lend to a project in the Debt: Equity ratio of 2:1.eai. the actual amount of lending will depend on various factors. Multilateral agencies such as the World Bank. financing agencies and some key issues related to financing are explored. followed by Asset finance which is more prevalent for short term debts and working capital funding. is also discussed in this section. there are various financing options available. the different financing options. the Indian Renewable Energy Development Agency. a range of funding options is becoming available for renewable energy projects. Besides wind. Financing Options Introduction Module production is a business venture that can be classified as a small and medium scale enterprise (SME) that is a part of the renewable energy sector. KfW (Germany) and the Asian Development Bank have also stepped up their assistance to this sector in the last few years. Sectors such as wind energy now enjoy longer maturity periods for loans and lower borrowing costs. Conventional debt and equity financing is discussed first. financiers are broadening their exposure to other renewable sectors and energy efficiency projects. Corporate finance. Besides. The other government agencies that actively fund renewable energy projects are Power Finance Corporation and Rural Electrification Corporation. World Bank’s private sector arm International Finance Corporation. Venture capital and private equity firms are also viewing renewable energy as an exciting opportunity. As such. On top of the financing spectrum is IREDA. an apex nodal agency for renewable energy development in India and a funding arm of the Ministry of New and Renewable Energy.India Solar PV Module Market Report SAMPLE CONTENT 5. which now enjoys a structured plain vanilla commoditized based financing.

India Solar PV Module Market Report Prominent domestic banks that fund renewable projects are IDBI. Foreign banks such as Standard Chartered. Energy Alternatives India @ www. and PNB among others. There are also regional localized banks such as that also provide micro credit facilities for stand-alone units.in . IFCI. SBI. ICICI. ABN Amro and Rabobank are also focused on renewable financing.eai.

6 Achieving Financial Closure of the project 6. Energy Alternatives India @ www.4 Selection of Module Turnkey Equipment 6.2 Preparation of Prefeasibility Study 6.5 Selection of raw material suppliers and entering into Memorandum of Understanding (MOU) with them 6. One of the key steps is the selection of the equipment vendor and of raw materials.1 Introduction 6.eai.India Solar PV Module Market Report 6 Next Steps Highlights 6.3 Preparation of a Detailed Project Report 6. Module testing is another critical step which is essential before the modules produced can be sold in the market.9 Contacting Government Officials There are several steps to be followed for successful commissioning of Solar PV module production unit.7 Implementation of the project 6.in .8 Module certification 6. Preparation of DPR is the way to start things off.

Figure 6. Once all the details about the solar PV module production are evaluated and a decision taken to invest in the venture. many are done sequentially.1: Next Steps Prefeasibility study to evaluate the business viability of the project Preparation of Detailed Project Report (DPR) for project approval from government bodies and for availing loan from banks Identification of technology partner for project implementation Signing the MOU with Raw material Suppliers Financial closure of the project Implementation of the Project Module Testing and Certification Energy Alternatives India @ www. setting up of a Solar PV module manufacturing involves a series of steps covering various aspects like Technology vendor selection. some of the key steps involved in the commissioning of the plant are highlighted. Financial closure and project management till the first the modules are produced.in . Many of the things can be done in parallel. Next Steps Introduction Just like any other venture. the following steps need to be taken.eai. In this section.India Solar PV Module Market Report SAMPLE CONTENT 6.

6: Analysis and Projections of the Solar Module Capacity Figure 1.12: Manual Inspection Station Figure2.3: Global PV Market Analysis for the year 2010 & 2011 Figure 1.10: Manual Busing System Figure 2.1 Solar Modules Value Chain Figure 2. Residential Solar Figure 2.5: Demand CAGR (2010-2013) Figure 1.9: Automated Busing System Figure 2.4: Global PV System Installations by Region (2009 -2014) Figure 1.2: A Solar Module Assembly Figure 2.18: Stages in the Manufacturing of a-Si Solar Cells Figure 2.1: Next Steps Energy Alternatives India @ www.India Solar PV Module Market Report List of Figures Figure 1.22: The Basic Structure of a CIGS Thin-Film Solar Cell Figure 2.23: Steps Involved in the CIGS Manufacturing Process Figure 6.6: Photovoltaic Glass Washer Figure 2.2: Global Market Overview Figure 1.8: Automated Solar Cell Assembly Figure 2.4: The Solar Module Assembly Process Figure 2.14: Solar Simulators and PV Module QA Testers Figure 2.20: The Basic Structure of a CdTe Thin-Film Solar Cell Figure 2.8: Application of Solar PV Cells (MW) in India – Sector Wise Figure: 2.15: High Voltage Test Station Figure 2.in .13: Automated Photovoltaic Module Laminators Figure 2.5: Automated Solar Cell Tester Figure 2.7: Pneumatic Assistance for String Placement Figure 2.eai.7: Trends in Production of Solar PV Cells and Modules (MWp) in India Figure 1.17: Thin Film Solar Technology.21 Temperatures for the CdTe Manufacturing Process Figure 2.11: Manual EVA Layup Station Figure 2.16: Automatic and Semi-Automatic Module Assembly Line Figure 2.1: Thin-Film Percentage of Total PV Module Production (Percentage of Watts) Figure 1.3: Components of a Solar Module Figure 2.19 Temperature the Manufacturing of a-Si Solar Cells Figure 2.

2: Country and Financial Risks Table 4.9: Demand-Supply Gap Table 1.India Solar PV Module Market Report List of Tables Table 1.2: Lists and Contact Details of Government Departments (SNA) in Various States Table 6.in .3: Private Equity Table 5.12: List of Solar Module Manufacturers in India Table 1.6: Potential of the Solar PV Market Table 1.3: Operational Risks Table 4.3: Central Government Relevant Department Details and Contact Energy Alternatives India @ www. Monocrystalline and Polycrystalline Solar Cells Table 3.10: Solar Cells/Photovoltaic Cells Whether or Not Assembled in Module/Panel – Imports Table 1.2: Cost of Raw Materials (as of February 2011) Table 3.1: Solar PV Module Assembly Line Turnkey Equipment Providers Table 6.4: Market Risks Table 5.5: Production capacities of various value chain segments Table 1.4: Global Cell Production – 2010 Table 1.8: Demand in India in 2011-2012 Table 1.13: List of Solar Module Manufacturers at a Global Level Table 2.1: Comparison Table between Thin Film.1: Debt Financing for Renewable Energy – Highlights Table 5.1: Solar PV Market Share Table 1.2: Global Polysilicon Production – 2010 Table 1.1: Project Completion Risks Table 4.3: Working Capital Requirements Table 4.2: Financial Institutions that Fund RE Projects in India Table 5.4: Venture Capital Table 6.1: Capital Costs – Break up Table 3.eai.11: Solar Cells/Photovoltaic Cells Whether or Not Assembled in Module/Panel – Exports Table 1.3: Global Wafer Production – 2010 Table 1.7: Utilization Rates of Solar Modules Table 1.

India Solar PV Module Market Report Our Clients and Customers Prominent companies and organizations that have benefitted from our research and reports Energy Alternatives India @ www.eai.in .

Get it through bank wire transfer Account Name: Clixoo Solutions Private Limited Bank Name/Address: Indian Bank. Send the cheque to: Narasimhan Santhanam.33.html Get it through cheque/DD Cheque / DD in the name of Clixoo Solutions Private Limited.com Last updated: May 2011 Price: Rs.com/purchase/eai/solarmod/report.https://secure.in .. Ph: 044-45590142 Energy Alternatives India @ www. Talk to Us Now Sumukhi Sreevatsan Mobile: +91-99621-40666 (India) Email: sumukhi@clixoo. Tamilnadu.India Solar PV Module Market Report To Purchase the India Solar PV Module Market Report…. 41. Nungambakkam High Road. IFSC IDIB000N061 Chennai 600034 Tamilnadu. Uthamar Gandhi Salai. Chennai 600034.clixoo. Anugraha Apartments. Clixoo Solutions Pvt. Ltd A5C. SWIFT Code: IDIBINBBMAS. India Account Number: 921357524. 750/- Payment Options Purchase it through credit card Visit .eai.

com).    Our expertise has been sought by Fortune 100 companies Our team comprises professionals from premier institutes such as the IITs and IIMs Energy Alternatives India @ www. derived from extensive research and hands-on consulting.   Our more. We are unique in has provided market and strategy research for renewable energy if any.eai.clixoo. Ltd (www.eai. has .India Solar PV Module Market Report EAI is part of Clixoo Solutions Pvt. our EAI division is considered the thought leader for the Indian renewable energy sector. EAI is the foremost research and consulting company for the Indian renewable energy industry.http://www. have. derived from extensive research and hands-on consulting.in/ To knowteam has assisted businesses large and small on a variety of renewable energy projects. and our Oilgae division is considered to be the global leader for algae fuels business intelligence. EAI EAI EAI is the Foremost Research been sought by Company for companies Renewable Energy Industry  Our expertise has and Consulting Fortune 100 the Indian   Our team comprises professionals from premier institutes such as the IITs and IIMs We have a dedicated focus on the Indian renewable energy sector  The cumulative wisdom of our team. Our various divisions have been critical catalysts for specific domains within cleantech – for instance.in The cumulative wisdom of our team.    We have a dedicated focus on the Indian renewable energy sector We are unique in our focus on market and strategy research for renewable energy Our team has assisted businesses large and small on a variety of renewable energy projects. a leader in providing sustainability solutions. visit . our focus on us with deep insights about the industry which few.

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