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.