For the complete report, get in touch with us at : info@netscribes.com Dropping solar power tariff rate is spurring the Indian photovoltaic generator market. The report begins with an introduction into the energy scenario in India. Installed capacity, demand supply gap of power prevailing in India and hence the need for renewable sources of energy is showcased. It gives a clear overview of the components of a solar PV plant and the production chain of PV technology. The market overview section provides an insight into the photovoltaic market which includes the growth and size of PV market in India. The breakup of types of PV modules that are used are also shown. It concludes with a representation of a solar PV value chain. An analysis of the drivers explains the factors for growth of the industry which includes feasible geographical location of India, fall in prices of PV modules, depleting coal reserves, energy deficiency condition in India, dropping solar power rates, increasing cost of electricity from conventional sources, and time of commissioning of PV projects. However few challenges plague the solar PV sector in India which includes competition from Chinese firms, lack of consumer awareness and the capital intensive nature of solar PV projects. Key trends in this sector like production of portable solar PV generators, investments in domestic solar PV power producing industry, rooftop power generation, and solar hybrid generators are also highlighted. Upcoming applications of solar PV in the telecom towers and rural ATM’s are also mentioned.

1. Insert Cover Image using Slide Master View
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Photovoltaic Generator Market – India
December 2012

2. Executive Summary
 Solar module manufacturing capacity in India presently stands at xx MW
 Solar cell manufacturing capacity in India at present is yy MW
Market  Solar PV installed capacity was ‐‐ MW as of FY2012
 Installed capacity of solar PV is expected to reach ‐‐GW by 20‐‐
LE
Drivers Challenges
 Feasible Geographical Location
P
 Capital Intensive Nature
 Fall in Prices of PV Modules
 Depleting Coal Reserves  Competition from Chinese Firms
M
Drivers &  India Remains Energy Deficient  Lack of Awareness
A
Challenges  Dropping Solar Power Rates
S
 Increasing Cost of Electricity from Conventional
Sources
 Time of Commissioning
 Production of Portable Solar PV Generators
 Investments in Domestic Solar PV Power Producing Industry
Trends  Solar Hybrid Generators
 Rooftop Power Generation
 Major Government Bodies Overseeing the Sector  Rural Electrification Programme
 Research and Developments Initiatives
Government  Jawaharlal Nehru National Solar Mission (JNNSM)
 Subsidies and Incentives
Major Players
Competition Company A Company B Company C
Company D Company E Company F
PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 2

3. •Introduction
•Market Overview
LE
P
•Drivers & Challenges
•Trends M
S A
•Applications of Solar PV
•Government Participation
•Competition
•Strategic Recommendations
•Appendix
PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 3

4. India is among the top energy consuming countries in the
world…
India – Energy Scenario Region – Wise Installed Capacity
• India is the sixth largest energy consumer in the
world
• Residential energy demand consists of more than
45% of India’s final energy consumption
LE 2.45 GW
• India consumes 3.7% of the world’s commercial
energy
MP 56.99 GW
A
• The Planning commission hopes that the power
year period ( 2012‐2017) S
sector will grow at a rate of 8.1% to fuel the
economy’s planned growth of 9% in the 12th five
• In the 11th Plan Period, the Government of India
had planned to spend INR 10.3 tn on the power 26.84 GW
sector
• In the next Five Year Plan Period i.e. 12th Plan
Period, an investment worth INR 15 tn will be
expected to be made on the power sector 54.11 GW
• This spend is planned to be split between Power
Generation and Power T&D, in an approximate x:y 68.8 GW
ratio
Note: As of October 2012
PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 4

5. Solar photovoltaic market in India is still at a nascent stage
but has huge potential to grow
Overview – Solar PV Generator Market Market Size and Growth‐ Solar PV
• Solar PV market in India is mostly organized
MW Cumulative Annual
• Solar module manufacturing capacity in India stood
LE
a5
at xx MW in 2011 as compared to x1 MW in 2009
X% a4
P
• Solar cell manufacturing capacity in India was yy MW
a3
in 2011 while that in 2009 was y1MW
M
a2 b5
a1 b3 b4
• As at the end of June, India had grid interactive solar a b2
A
b1
S
PV installed capacity of x GW
• Around 50% of the costs are from PV module and FY2011 FY2012 FY2013e FY2014e FY2015e FY2016e
cells, the rest curtails the balance of systems
(inverters, transformers, monitoring systems, wires
Segmentation of Modules Used
and cables), the civil support infrastructure and the
cost of installation Crystalline
Thin Film
• At current prices it costs around INR aa bn to set up a
1 MW solar PV power plant b%
• This cost is around 4 times more than that of
conventional power projects like Thermal, Coal, and a%
Hydro
PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 5

6. Drivers & Challenges – Summary
Drivers
LE
Feasible Geographical Location
MP Challenges
A
Fall in Prices of PV Modules
Dropping Solar Power Rates
Depleting Coal Reserves
S Capital Intensive Nature
Competition from Chinese Firms
Lack of Awareness
India Remains Energy Deficient
Increasing Cost of Electricity from
Conventional Sources
Time of Commissioning
PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 6

7. Trends – Summary
Investments in Domestic
Production of Portable Solar
Solar PV Power Producing
PV Generators
Industry
Key
Trends
Rooftop Power Generation Solar Hybrid Generators
AMP LE
S
PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 7

8. Major Public Companies ‐ Summary
Net Profit/Loss Size of the Bubble represents Market
Capitalization in INR mn
LE
0 Company C
MP
A
Company A
S
Company B
0
Total income
Company A Company B Company C
Note: All figures are in INR mn and are based on the latest financials available
PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 8

9. Public: Domestic Company – Indosolar Ltd.
(1/3)
Company Information Offices and Centres – India
Corporate Address Address
Tel No. +91‐11‐1234 1375
LE
P
Fax No. +91‐11‐12343949
New Delhi
Website www.xyz.co.in
Year of Incorporation
Ticker Symbol
Stock Exchange
20‐‐
‐‐
BSE
S AM Head Office
Products and Services
Category Products/Services
Solar PV Product a Key People
Name Designation
Person A Executive Chairman
Person B MD
Person C CEO
Person D Chief Financial Officer
PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 9

10. Public: Domestic Company – Indosolar Ltd.
(1/3)
Financial Snapshot Key Ratios
y‐o‐y change
Total Income Particulars 2012 2011 2010 2009
INR mn (2012‐11)
INR mn Net Profit/Loss
0 Profitability Ratios
LE Operating Margin
Net Margin
Profit Before Tax Margin
P
Return on Equity
Return on Capital Employed
M
Return on Working Capital
2009 2010 2011 2012 Return on Assets
SA
Financial Summary Return on Fixed Assets
Cost Ratios
• The company incurred a net loss of INR ‐‐ mn in FY 2012, as Operating costs (% of Sales)
compared to net loss of INR ‐‐ mn in FY 2011 Administration costs (% of
• The company reported total income of INR ‐‐ mn in FY 2012, Sales)
registering a decrease of ‐‐% over FY 2011 Interest costs (% of Sales)
• The company earned an operating margin of ‐‐‐% in FY 2012, a
Liquidity Ratios
Current Ratio
decrease of ‐‐ percentage points over FY 2011
Cash Ratio
• The company reported debt to equity ratio of ‐‐ in FY 2011, an Leverage Ratios
increase of ‐‐% over FY 2011 Debt to Equity Ratio
Key Financial Performance Indicators Debt to Capital Ratio
Interest Coverage Ratio
Indicators Value (11/12/2012) Efficiency Ratios
Market Capitalization (INR mn) ‐‐ Fixed Asset Turnover
Total Enterprise Value (INR mn) ‐‐ Asset Turnover
EPS (INR) Current Asset Turnover
‐‐
Working Capital Turnover
PE Ratio (Absolute) ‐‐
Capital Employed Turnover
Improved Decline
PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 10

11. Public: Domestic Company – Indosolar Ltd.
(1/3)
Key Business Segments Key Geographic Segments
Manufacture and Sale of Photovoltaic Solar Cells India Overseas
100%
100%
The company
has been
100%
LE 6% 2%
36%
P
50% operating solely 50% 98%
94%
in PV cells 64%
0%
2012
Business Highlights S AM 0%
2010 2011 2012
Description News
• Manufactures and sells poly crystalline solar PV cells made from silicon wafers
Overview
Collaborations • It has a tie‐up with firm A which has supplied it. a ‐‐MW cell manufacturing line
• The last expansion was undertaken in 20‐‐when INR xx mn IPO was offered to set up an
Expansion Plans
extra yy MW line
PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 11

12. Appendix
Ratio Calculations Ratio Calculations
(Operating Current Assets / Current
Operating Margin Current Ratio
Income/Revenues)*100 Liabilities
Net Margin (Net Profit / Revenues) *100 {(Cash & Bank Balance +
Cash Ratio Marketable Securities) / Current
(Income Before Tax / Revenues Liabilities)}
Profit Before Tax Margin
*100
Total Liabilities / Shareholders
Debt to Equity
(Net Income / Shareholders Equity
Return on Equity (ROE)
Equity)*100
{Total Debt / (Shareholders
Debt to Capital Ratio
EBIT / (Total Assets – Current Equity + Total Debt)}
Return on Capital (ROCE)
Liabilities)*100
Interest Coverage Ratio EBIT / Interest Expense
(Net Income / Working Capital)
Return on Working Capital
*100
Fixed Asset Turnover Sales / Fixed Assets
Return on Assets (Net Income / Total Assets)*100
Asset Turnover Sales / Total Assets
Return on Fixed Assets (Net Income / Fixed Assets) *100
(Operating Expenses / Sales) Current Asset Turnover Sales / Current Assets
Operating Costs (% of Sales)
*100
Administration Costs (% of (Administrative Expenses / Sales) Working Capital Turnover Sales / Working Capital
Sales) *100
Capital Employed Turnover Sales / Shareholders Equity
Interest Costs (% of Sales) (Interest Expenses / Sales) *100
PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 12

13. Thank you for the attention
Photovoltaic Generator Market – India 2012 report is a part of Netscribes, Inc.’s Energy and
Utilities Series.
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PHOTOVOLTAIC GENERATOR MARKET IN INDIA 2012.PPT 13