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Industrial project report on solar photovoltaic power plant, Industrial project report on solar pv power plant

The solar products manufacturing industry is entering a long period of growth created by the following:

• Stable energy demand growth
• Increases in conventional energy costs (hydrocarbon)
• Decreasing costs and increasing efficiencies of solar products and systems
• Subsidies and incentives for end-use and manufacture
• Carbon, climate change, other political forces, and Renewable Portfolio Standards and Goals

Solar photovoltaic (SPV) market in India is at nascent stage but has huge potential to grow. The SPV capacity in India is 100 MW. The market comprises of 20 companies engaged in the business of solar PV modules and 15 companies engaged in the business of solar PV cells while there are 50 companies that are engaged in the assembly and supply of PV systems.

The overview section provides an introduction to the overall renewable energy market including the share of renewable energy in the overall power sector in India, growth, and the share of the various segments of renewable energy, followed by a brief study on the photovoltaic technology and the overall solar photovoltaic market in India including region-wise distribution. An analysis of drivers reveals that abundant 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 driving growth in this sector. The key challenges identified are high costs for setting up large scale grid connected solar PV projects, lack of supply of silicon wafers, lack of standards, land acquisition problems, lack of consumer awareness.

India is one of the leading electricity generators in the world and ranks fifth in terms of total installed generation capacity. Almost two-third of the electricity generated in India is produced using coal, followed by hydro power and nuclear power. India’s current installed electricity generation capacity stands at 165GW and it is estimated to reach 950GW by 2030. To meet this demand, India will have to shift its focus to renewable energy resources and it has already started moving in that direction. In July 2009, Indian government announced its target of producing 20GW of solar power by 2022 under the Jawaharlal Nehru National Solar Mission (JNNSM). With more than 300 days of sunshine per year coupled with investor friendly policies and solar energy promotion, India’s solar power sector offers a great market opportunity.

India an increasingly attractive market

India installed around 30 MW of photovoltaic (PV) capacity in 2009. It also passed a solar energy law at the start of the year. The combined goal of this Jawaharlal Nehru National Solar Mission (NSM for short) is the installation of 20 GW of PV and concentrating solar power (CSP) capacity by 2022. During an initial phase running until 2013, a feed-in tariff of 17.91 INR/kWh will apply. The maximum installation level for 2011 is set at 150 MW, and at 350 MW from 2012 to 2013. Project size is limited to 5 MW. If the maximum capacity is exceeded, those projects which offer the greatest rebate on the feed-in tariff are selected by means of a reverse bidding process. Applications for three times the capacity have already been received by the government for 2010. The Indian authorities must now demonstrate that they can organise the various administrative processes in a rapid and trouble-free manner. For 2010 Bank Sarasin forecasts a newly installed capacity of 80 MW, a growth rate of 166%. On average the Indian PV installations will grow by 76% annually in the period of 2009 to 2015.

eCommerce Services India