India has immense potential for solar energy due to its proximity to the equator and receiving nearly 3000 hours of sunshine annually equivalent to 5000 trillion kWh of energy, enough to power the country's entire annual demand in 2030. The Indian solar market offers investment opportunities in joint ventures with global manufacturers, export-oriented manufacturing units with 100% FDI, and technology development supported by government research organizations. Key drivers of solar growth in India include the rise of poly-silicon plants, demand-supply gap, off-grid applications, availability of funds, foreign trade growth, and falling prices of modules and inverters. The government is also pushing initiatives to assess the power scenario, analyze grid parity likelihood, evaluate evacuation infrastructure,
2. Module 1 : Solar
Technology Basics
Module 2: Solar Photo Voltaic
Module Technologies
Module 3: Designing Solar PV
Systems (Rooftops)
Module 4: Designing Solar
PV Systems ( Utility Scale)
Module 5: Financial Analysis
Module 6: DPR (Detailed
Project Report) & EPC
Module 7: The Indian
Solar market potential
3. India
A country with immense
potential for solar energy.
Lies close to the Equator.
Receives nearly 3000 hours of
sunshine every year, equivalent
to 5000 trillion kWh of energy.
Can generate over 1,900 billion
units of solar power annually,
which is enough to service the
entire annual power demand
even in 2030 (estimated).
5. Investment Opportunities
Joint Ventures
• Companies
venturing with
global PV
manufacturers.
• General
conditions by the
Ministry,
Secretariat for
Industrial
Approvals and
the RBI.
Export-
Oriented Units
• Setting up
manufacturing
base in India
• 100% FDI
Technology
Development
• Govt. supported
research
organizations,
colleges etc.
• Technology
transfer
6. Growth Drivers
Rise in poly-silicon plants.
Demand Supply gap.
Demand for off-grid PV application.
Availability of funds.
Foreign trade growth.
Fall in prices of modules, inverters.
Geographical location.
7. Government’s Push
To assess the power scenario of India and analyse the
efficacy of on-going initiatives by MNRE.
Bring out a realistic demand projection and capacity
addition plan.
Evaluate likelihood of attainment of grid parity.
Analyze the robustness of existing evacuation system to
handle the planned capacity addition.
Estimate the likely capital requirement for meeting
capacity addition.
Gather feedback of relevant stakeholders.
To develop a holistic plan to achieve the objective.