Globally, Solar Power has emerged as the fastest growing Renewable Energy technology driven primarily by cost reduction, sustained policy support, increasing investors’ interest,launch of new applications in the market and tariff digression. Even in India, growth of solar power which was more or less stagnant picked up in the last 2-3 years with increase in grid-connected solar PV capacity from 2.12 MW in March 2009 to 1173.5 MW by Sept 2012.
Globally, Solar Power has emerged as the fastest growing Renewable Energy technology driven primarily by cost reduction, sustained policy support, increasing investors’ interest, launch of new applications in the market and tariff digression. Even in India, growth of solar power which was more or less stagnant picked up in the last 2-3 years with increase in grid-connected solar PV capacity from 2.12 MW in March 2009 to 1173.5 MW by Sept 2012.
Policy support from state as well as Central governments has further created huge interest in this technology in India. Various Indian and international companies have expressed interest in setting up generation capacities across the country. Around 5953 MW of solar PV power is under various stages of development in the country as of September 2011. Of this, around 3114 MW is under construction, and 2839 MW is in planning stage. In addition, government is also laying emphasis on the development of solar thermal power in India which had no presence in India till as late as onset of 2011. As a result another 3202 MW of solar thermal power is also under development in the country which includes 538 MW under construction and 2664 MW is under planning stage.
India has also emerged as an aspiring solar PV producer with solar cell production in the country registering a CAGR of 125.4% during 2007-11. Moreover, high solar radiation, rise in foreign trade, fall in prices of raw materials, availability of funds, demand for off-grid PV applications, demand – supply gap and rise in polysilicon plants is expected to further drive the growth of this sector. Thus, it is certain that next few years would see a lot of activity happening in the solar power in India. This would also create huge opportunities for the stakeholders in the solar power sector to reap the benefits of early growth.
In the above mentioned backdrop, SNP Infra Research launches, second edition of its report “Solar Power Outlook in India: 2012 Edition” containing an in-depth analysis of the all the components of solar sector. The objective of this report is to analyse the prospects of solar energy in India and provide invaluable insights to the investor to facilitate strategic decision making process.
The key highlights of the report are: • In-depth analysis of solar power capacity trends in India • Key policies and incentives guiding the solar sector in India • Dedicated analysis on outlook of solar power in India based on the database of upcoming solar plants in the country • Analysis of solar PV manufacturing sector • Investment opportunities the solar PV value-chain • Key issues impacting the sector • Detailed profiles of players as well as key projects
