Solar Energy - India - Sample

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The demand for alternate sources of energy like solar has surged worldwide due to global warming and shortage of conventional sources. Solar energy accounts for less than a fraction of the total …

The demand for alternate sources of energy like solar has surged worldwide due to global warming and shortage of conventional sources. Solar energy accounts for less than a fraction of the total renewable energy installed capacity in India. In the current scenario, solar energy is less affordable as per unit cost of solar energy is 4X-5X other conventional and non-conventional sources. However, due to tropical location and the government initiatives, India has the potential to become a solar hub. Government has introduced various reforms and incentives to encourage domestic and multi-national companies to set up plants in India.

The report provides a snapshot of the solar power market in India, including the installed capacity, growth and value chain analysis. Both, solar photovoltaic and solar thermal methods are covered in the report.

The report highlights the key trends and drivers in the solar power market and provides a brief analysis of the major issues/challenges hindering the growth of the market. Competitive landscape identifies the key players and highlights the investments proposed by each in solar energy.

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  • 1. Solar Energy - India February 2009
  • 2. Executive Summary SAMPLE
      • Drivers: Positive government policies, entry of new players in polysilicon market, abundant solar radiation in India, export demand for solar equipment
      • Challenges: High unit cost of solar energy, volatility in polysilicon prices, and dependence on raw material imports
    Market Drivers & Challenges Trends Competition
      • 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
      • 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)
      • Major players include Company AA, BB CC etc
      • New players entering the solar space include company DD
      • Companies have increased their investments in solar technology and products
  • 3.
    • Introduction
    • Market Overview
    • Drivers & Challenges
    • Trends
    • Government Initiatives
    • Competition
    • Key Developments
  • 4. Renewable energy sources are gaining share in the total power capacity in India
    • Principal renewable sources of energy are:
      • Wind Energy
      • Small Hydro upto 25 MW
      • Biogas
      • Solar Energy
    • 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 11 th Five-Year Plan
    • Wind energy accounts for x% of the total renewable energy capacity
    SAMPLE * As of Feb, 20-- Source: Overview Power Sector Break-up x% Thermal y% Hydro z% Renewable u% Nuclear India plans to more than double its renewable energy capacity by 2012 a% x% 2002 b% y% 2007 c% z% 2008* Renewable Conventional
  • 5. Solar energy is at a nascent stage in India and the Solar Photovoltaic method of power generation is dominant
    • 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
    • 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) - converts light directly into electricity
        • E.g. Standalone Power Plant
        • MNRE has funded xx grid interactive SPV power plants with total capacity of yy MW
      • Solar Thermal/Concentrated Solar Power (CSP) - converts light first into heat and then electricity
        • Examples Water Heating, Solar Ponds, Solar Cooker, Solar Air Heating
    SAMPLE Overview Capacity and Growth * As of October 31, 20-- Source:
    • Distributed Renewable Power – Grid interactive
    • Decentralized Energy Systems – Off-Grid
    EE nos. - Solar Photovoltaic Pumps A mn - Solar Cooker - Solar Thermal Program DD Mwp - Solar Power Plants X million Sq. m collector area Y million Sq. m collector area Solar Water Heating System BB nos. - Home Lighting System AA nos. - Solar Street Lighting XY MW - Solar power Distributed Renewable Power ZZ MW/ Sq.Km SPV Program Decentralized Energy Systems CC nos. - Solar Lantern Estimated potential Cumulative Achievement* Sources / Systems
  • 6. Drivers and Challenges Major export demand Minimal fuel and environmental risks New players entering polysilicon market Government initiatives Tropical Location Drivers Volatility in polysilicon prices Land scarcity High dependence on raw material import Solar Power Unaffordable due to high costs Challenges
  • 7. Key Trends Trends Increase in M&A activity New players entering solar energy market Increase in public and private investments
  • 8. Government is providing various direct and indirect incentives to encourage investment in solar energy.. SAMPLE
    • In March 20-- the Indian government announced a semiconductor policy under its Special Incentive Package Scheme (SIPS)
    Direct Initiatives Indirect Initiatives
    • Financial assistance amounting upto INR -- per KW hour in case of solar PV with maximum capacity of X MW and 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
    Source: a% + Exemption from CVD x% USD – bn Fabrication* USD – bn Threshold NPV of investment y% Incentives in SEZ b% + Exemption from CVD Eco-System Incentives in Non - SEZ Type of Unit
  • 9. Thank you for the attention About Netscribes Netscribes is a knowledge-consulting and solutions firm with clientele across the globe. The company’s expertise spans areas of investment & business research, business & corporate intelligence, content-management services, and knowledge-software services. At its core lies a true value proposition that draws upon a vast knowledge base. Netscribes is a one-stop shop designed to fulfil clients’ profitability and growth objectives. The Solar Energy report is a part of Research on India’s Power Industry Series. For more detailed information or customized research requirements please contact: Disclaimer: This report is published for general information only. Although high standards have been used the preparation, Research on India, Netscribes (India) Pvt. Ltd. or “Netscribes” is not responsible for any loss or damage arising from use of this document. This document is the sole property of Netscribes (India) Pvt. Ltd. and prior permission is required for guidelines on reproduction. Natasha Mehta, CFA Phone: +65 8448 0449 E-Mail: [email_address] Gagan Uppal Phone: +91 98364 71499 E-Mail: [email_address] Research on India is a product of Netscribes (India) Pvt. Ltd. Research on India is dedicated to disseminating information and providing quick insights on “hot” industries in India and other emerging markets. Track our new releases and major updates in these industries on