Innhotep - Panorama du marché photovoltaïque mondial

48
Innhotep – Photovoltaic market outlook - 2008 1 Innovation as a strategic priority Photovoltaic market outlook Perspectives,applications, value chain, key players 2008

Transcript of Innhotep - Panorama du marché photovoltaïque mondial

Page 1: Innhotep - Panorama du marché photovoltaïque mondial

Innhotep – Photovoltaic market outlook - 2008 1

Innovation as a strategic priority

Photovoltaic market outlook Perspectives,applications, value chain, key players

2008

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Innhotep – Photovoltaic market outlook - 2008 2

Grid parity : not a joke (at last !) !

2

Southern Europe : 2012

Northern and Continental Europe: 2020

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Innhotep – Photovoltaic market outlook - 2008 3

Agenda

Technology Overview and Trends 1

Research Institutions 2

Applications 3

Value Chain and Economic Models 4

Worlwide Supply and Demand 5

Country zooms 6

Key Players 7

Inverter Market 8

Conclusion 9

Our Value Proposition 10

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Innhotep – Photovoltaic market outlook - 2008 4

Agenda

Technology Overview and Trends 1

Research Institutions 2

Applications 3

Value Chain and Economic Models 4

Worlwide Supply and Demand 5

Country zooms 6

Key Players 7

Inverter Market 8

Conclusion 9

Our Value Proposition 10

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Innhotep – Photovoltaic market outlook - 2008 5

Technology Overview

Monocrystalline silicon

Polycrystalline silicon

Silicon Ribbon sheet

Concentrator cells (Low CPV and High CPV)

Amorphous silicon film (flexible or rigid substrate)

Amorphous silicon on monocrystalline slice (HIT)

Copper Indium [Gallium] Diselenide (CIS/CIGS)

Cadmium Telluride (CdTe)

Trad

ition

al

silic

on b

ased

Thin

Film

mod

ules

Non

- Si

licon

In

nova

tive

Silic

on b

ased

Pane

l mod

ules

Low material consumption Lower production costs Easier mass production Low weight Better visual appearance Lower efficiency Less experience with module lifetime performance Toxic Waste

15-18%

13-15%

12%

25 - 37%

5-8%

18%

7,5-9,5%

6-9%

2006 EFFICIENCY

Sources: adapted from pvresources.com, sciam.com, greentechmedia.com, prometheus.org and other sites. Forecasts by Paul Maycock of PV Energy systems

Organic Solar Cells

16-22% / 22-25%

16-18% / 20%+

16-18% / 20%+

40%+

9-14% / 12-16%

18-20% / 22-24%

10-12% / 14%

11% /12%

2010 / 2015 EFFICIENCY

6-9% 11% /12%

Comments

Stable solar cells with good efficiencies Uses well-known process technology from microelectronics industry

Cell Technology

Tries to avoid inefficiencies in crystal growing and slicing

Requires cooling of cells and tracking of sun,and no clouds

Still early research stadium Potentially very low cost

1,60-2,20 $ / 1,00 – 1,70 $

1,50-2,50 $ / 1,00 – 1,70 $

1,25-1,75 $ / 0,90 – 1,40 $

x

1,00-1,75 $ / 0,80 – 1,33 $

0,80-1,50 $ / 0,65 – 1,25 $

2010 / 2015 Cost per Watt

?

What really matters is driving down cost below 1$ per Watt in order to commoditize solar PV

2,50 – 3,75 $

2,00-3,35 $

3,00-5,00 $

1,50-2,50 $

x

1,50-2,50 $

1,50-2,50 $

2006 Cost per Watt

?

2,40 -3,55 $

2,00-2,50 $ / 1,40 – 2,20 $

1,75-2,20 $ / 1,20 – 2,00 $

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Innhotep – Photovoltaic market outlook - 2008 6

Technology road-map (2007-2015): a new deal to come !

6

Source: EuPD, 2008

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Innhotep – Photovoltaic market outlook - 2008 7

The main areas of innovation

Conversion Efficiency (High Performance Cells >20%)

Optimised Manufacturing Techniques & Off-shoring

Material efficiency (Thin Film and non-silicon)

Drive down cost per Wp

Conducting contacts on the rear, allowing for shoadow-free front (rear contact cells)

Exmple: ISFH Research of RISE cell (20%) or Sunpower cell (21%)

Problem: Complicated manufacturing involving lasers

Most effective lever to reduce cost (1% efficiency can cut cost 5-7%)*, but most

initiatives are costly

*Source: Energy Research Centre of the Netherlands ECN

CdTe and CIS

Very thin silicon layer cells with same efficiency of 15% (Fraunhofer and ISFH in

Germany), but in lab conditions

Laser Firing of back contacts in front contact cells (e.g. ERsol LFC cell)

Cheap measures to reduce cost, but incremental improvement: don’t allow

for real leaps

Passivation techniques

Anti-reflection coating (e.g. Schott)

High-purity n-typeSi instead of p-type

Gradual process optimisations

Most companies are working on rear contact cells and ThinFilm modules Germans get increasing competition from Asia and US on High Efficiency efforts

Emitter-Wrap-through (EWT) currently only Advent solar (Not as much eff, gain but cheap)

Wafer equivalents (silicon on cheap substrates)

This lever depends partly on high silicon prices, which might come to

fall after the current bottleneck

Move production to low-cost countries

Printing Techniques (e.g. Nanosolar)

Thin aluminium layer on the front side of the cell (Fraunhofer)

Chemical separation of metal allows finer front contacts (Solarworld subsidiary Deutsche Cell) and less pressure on thinfilm modules in manufacturing

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Innhotep – Photovoltaic market outlook - 2008 8

Technology Outlook and trends

y Crystalline Technologies – Pure PV players like Q-cells or SunTech show stonger growth than solar departments of large corporations (like Sanyo,

Sharp or BP solar for example) – (H)CPV – Producers of traditional technologies turn towards thin-film as well (e.g. Q-cells and Sharp)

y Thin-Film – Reaching technological maturity: performance and lifetime expectations are now proven – Most innovations concentrate on the production process in order to reduce cost even further – Material-efficiency is constantly being improved (now thickness of less than 1µm) – Over 100 photovoltaic companies worldwide are working on the production of thin film modules with various technologies and

materials. – Fierce competition expected

y Non-Silicon – Organic cells offer another potential low-cost cell type – No commercial availability

y Trends in applications – Trend towards construction of large-scale power plants

Thin-Film and other new cell types will probably not replace (not even in the long term) the classical crystalline cell, as the latter still offers substantial efficiency gains; in the

mid-term crystalline will keep on dominating the market

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Agenda

Technology Overview and Trends 1

Research Institutions 2

Applications 3

Value Chain and Economic Models 4

Worlwide Supply and Demand 5

Country zooms 6

Key Players 7

Inverter Market 8

Conclusion 9

Our Value Proposition 10

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Innhotep – Photovoltaic market outlook - 2008 10

Important scientific research institutions worldwide

Lawrence Berkeley National

Laboratory (LBNL)

EuPD (D)

Center for functional

Nanomaterials BNL

Solar Energy Laboratory (U Southampton)

NREL

E2Tac

Fraunhofer ISE (D)

ECN (NL)

Imperial College London

IES/UPM (ES)

CREST Loughborough

ARC Centre of Excellence in Advanced Silicon Photovoltaics and Photonics, UNSW

ANU

Linz Institute for organic solar cells

(AT)

Florida Solar energy center

WADE WADE

The Institute of Energy

Conversion

Photovoltaic Testing

Laboratory @ Arizona State

University

Univeristy of Konstanz (D)

Université Neuchatel

(CH)

Queen's University Kingston (Canada)

Sheffiled Halam

University

University of Salford

Helsinki University of Technology

EPFL (CH)

The most important research efforts are being made in Europe and the US

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Agenda

Technology Overview and Trends 1

Research Institutions 2

Applications 3

Value Chain and Economic Models 4

Worlwide Supply and Demand 5

Country zooms 6

Key Players 7

Inverter Market 8

Conclusion 9

Our Value Proposition 10

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Innhotep – Photovoltaic market outlook - 2008 12

Different applications of Solar PV

y « On-Grid » applications, connected to the electricity network – Centralised

• Photovoltaic power plants

– Distributed • Residential • Commercial • Building integrated photovoltaics (BIPV)

y « Off-grid » stand-alone appilcations for

local electricity supply – Rural energy supply in remote areas

• Individual • Village scale mini-grids

– Industrial or commercial energy supply • Repeater stations for mobile antennas • Industrial electrification

y Consumer goods and services

– Vehicles – Mobile devices – Watches, Calculators, toys, etc – Parking meters, traffic lights,

Application % (2006)

85 %

2%

13 %

6 %

7 %

Source: EPIA 2007

Application Forecast 2010 to 2030

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Agenda

Technology Overview and Trends 1

Research Institutions 2

Applications 3

Value Chain and Economic Models 4

Worlwide Supply and Demand 5

Country zooms 6

Key Players 7

Inverter Market 8

Conclusion 9

Our Value Proposition 10

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Innhotep – Photovoltaic market outlook - 2008 14

Value chain and economic models: Focus versus vertical integration

y Several opinions about the direction of vertical integration – Upstream integration can assure silicon supply and competitive silicon sourcing for the short term

• But high capital intensity and very different business • Silicon capacity coming online in China, supply shortage is to end

– Downstream integration is more promising • Fight for high-price customers and large scale projects • Make demand more tangible for investors, « how do you get down to the electricty level? »

y Focused players grow faster (see Q-cells or suntech versus Sharp or BP Solar y Cell manufacturers like SunPower and Suntech tend to avoid full integration by forming alliances and partnerships

Ingots / Wafers c-Si Cell Manufacturer

Module Manufacturer

Producer (a-Si, CIS, CIGS, CdTe, ) Thin Film Module

Manufacturer

BOS components, Systems & Distribution

Sou

rce:

Ada

pted

in p

arts

from

Pro

met

heus

.org

and

Q-c

ells

Rep

ort M

arch

20

08

Solar-grade silicon

Exam

ples

of f

ocus

ed a

nd in

tegr

ated

co

mpa

nies

BOS components, Systems & Distribution

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Innhotep – Photovoltaic market outlook - 2008 15

Agenda

Technology Overview and Trends 1

Research Institutions 2

Applications 3

Value Chain and Economic Models 4

Worlwide Supply and Demand 5

Country zooms 6

Key Players 7

Inverter Market 8

Conclusion 9

Our Value Proposition 10

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Innhotep – Photovoltaic market outlook - 2008 16

Worldwide MW installed by technology

y Dynamic market: CAGR of PV systems has been at 40-45% for the last years y Dominated by crystalline silicon (cast & ribbon): 92% of worldwide production capacity

– Will continue to be the dominant technology throughout the next years, as polysilicon prices are expected to decrease significantly – Thin-film development has been pushed in the light of current silicon supply shortages

y But ThinFilm will grow because of it’s outstanding cost reduction potential (most estimates are around 20% of 2010 world production, but go up to 33%) and special properties

Source: Photon International, March 2007 Source: PJC Poly Si supply & demand analysis

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Innhotep – Photovoltaic market outlook - 2008 17

World PV market: Production

y Production is dominated by China, Germany and Japan

y Spain, Taiwan and the US are runners-up

y Many projects of capacity expansion to come online during the next 3 years

y Industry experts expect an oversupply of cells and modules in the future

Source: EPIA, Photon International, outilssolaires.com, annual reports

y Some major players seem to have problems in shortage of silicon

y 6 companies are aiming at total production capacity of 1GW+

y 12 companies plan on 500MW+

y Most of those superfactories are planned in Europe (5), China (4), Taiwan (3) and Japan (3)

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Innhotep – Photovoltaic market outlook - 2008 18

Worldwide installation forecast by geography

2006 2020E 2030E

Annu

al in

stal

latio

ns

Cum

ulat

ive

inst

alla

tions

Source: EPIA

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Innhotep – Photovoltaic market outlook - 2008 19

Zoom on Europe: Cumulative Installation (MW)

Source: Navigant

2005 2006 2007

PV in Europe

y Germany, Spain and Italy are the biggest and most dynamic markets

y France is making an effort to catch up and is growing quickly

y Most countries offer FITs since the success of the German model

y National policy is the main driver for the development of the market

0,184 – 0,440

0,318 – 0,444

0,065– 0,374

0,400– 0,500

0,355– 0,508

0,300– 0,550

0,095– 0,490

0,463

0,290– 0,460

0,300– 1,000

FIT

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Agenda

Technology Overview and Trends 1

Research Institutions 2

Applications 3

Value Chain and Economic Models 4

Worlwide Supply and Demand 5

Country zooms 6

Key Players 7

Inverter Market 8

Conclusion 9

Our Value Proposition 10

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Innhotep – Photovoltaic market outlook - 2008 21

Top manufacturers overview

Country Activity Sales 2006

(MWp) Technology

Sharp Japan Cells, Modules, Systems 434

Mono- and poly-crystalline, Thin-film

(amorph)

Kyocera Japan Cells, Modules, Systems 180 poly-crystalline

Sanyo Japan Cells, Modules 155

Patented cell based on both mono-crystalline

and amorph

SunTech Power China Cells, Modules 161 Mono- and poly-crystalline, BIPV

Yingli Solar China Ingots, Wafers, cells, modules, systems 90 poly-crystalline

Shanghai solar China Modules, Systems 80 Mono- and poly-crystalline

Solon AG Germany Modules, Systems for plants 58 Mono- and poly-crystalline

Schott Solar Germany Wafers, Modules, Systems 57 poly-crystalline and Thin-film

Solarworld Germany Modules, Systems 43,5

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Innhotep – Photovoltaic market outlook - 2008 22

0

100

200

300

400

500

600

2006 2007 2008 2009 2010 2011 2012

MW

Pessimistic scenario

Policy driven scenario

The French market

Renewables in France

Two pillars of energy policy: y Reinforcement of nuclear leadership

y Promotion of renewables

y Explicit focus on solar technology through higher FITs (compared to e.g. wind energy)

y Uniquely high FIT of up to €0,55 per KWh (Unlikely to change in next 3 to 5 years)

y France has some of the most insolated regions in Europe

y SUN Epargne projects

y Comparison of research efforts and startups in Europe, France and US show that the local landscape of R&D is not very promising and often being dominated by big companies

Sou

rce:

Epi

a.or

g, F

eb 2

008

French annual PV market

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Innhotep – Photovoltaic market outlook - 2008 23 1

y Chinese solar PV companies have developed very fast and a number have conducted IPOs in China and other countries

y Leading Chinese PV companies are all planning and implementing large scale expansion projects

y Risk of overcapacity

y Problem of silicon shortage and resulting bottlenecks

y Domestic demand in China has not kept pace and it is an export orientated industry to date

y Quality Issues

y JVs with western companies

y Isofoton with the Himin Group

y BP Solar with SunOasis

Facts

MWp sold in 2006

161

9080

70

50 45 45 40 35 31

0

20

40

60

80

100

120

140

160

180

Suntech

Pow

er

Yingli S

olar

Shangh

ai so

lar

Jiaw

ei Ind

ustrie

s

AIDE Sola

r

Can

adian

Sola

r

Cha

ori Sola

r

Solarfun

Power

Ningb

o Sola

r

Tianda

Photovo

ltaic

Top Players in China: Units sold

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Innhotep – Photovoltaic market outlook - 2008 24 1

y Germany has consolidated its position as the largest solar PV market, followed by Japan and the USA

y In terms of supply, the local (and European) production is not enough in order

Facts

MWp sold in 2006

Top Players in Europe: Units sold

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Innhotep – Photovoltaic market outlook - 2008 25

y Produced around 37% (927MWp) of the solar cells sold worldwide in 2006

y All of them announced massive capacity expansion from 2008 onwards

y Local market is dominated by residential systems

y Japan government has set a target 4,820 Megawatts of solar power by 2010

y Continued entries of large Japanese corporations into the solar market

Facts

MWp sold in 2006

434

180155

122 30

050

100150200250300350400450500

Sharp Kyocera Sanyo Mitsubishi Kaneka

y Sharp y Mainly residential systems, but efforts to get into industrial clients as

well y Production in Japan, US, UK and Thailand

y Kyocera y Production in Japan, China, Mexico and Czech Republic y Mainly focussed on the emerging markets

y Sanyo y Production in Japan, Mexico and Hungary

y Kaneka y Production in Japan and Czech Republic y A-Si modules for rooftop appication, BIPV

y Mitsubishi Electric & Mitsubishi Heavy industries y 110MW + 12MW sales in 2006

Main Players

Top Players in Japan: Units sold

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Innhotep – Photovoltaic market outlook - 2008 26

Agenda

Technology Overview and Trends 1

Research Institutions 2

Applications 3

Value Chain and Economic Models 4

Worlwide Supply and Demand 5

Country zooms 6

Key Players 7

Inverter Market 8

Conclusion 9

Our Value Proposition 10

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Innhotep – Photovoltaic market outlook - 2008 27

Major players for cells and module production

y Increasing fragmentation of production – market share of the 10 biggest manufacturers decreased from 80% to 66% in 2006

y Growing importance of ThinFilm manufacturers (especially FirstSolar) y Rapid expansion of chinese manufacturers

– turn-key solution providers

2006

Cells Modules

Source: IEA

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Innhotep – Photovoltaic market outlook - 2008 28

ThinFilm Players Worldwide

Canon: research: a-Si/a-SiGe/a-SiGe; a-6L�ȝ-6L��ȝ-Si

Fuji Electric:flexible a-Si, production announced for 2006

Honda: CIGS research (pilot plant), production announced for 2007

Kaneka Solartech: production a-Si and “Hybrid PV Modules”

Matsushita Ecology Systems: research: CIGS

Mitsubishi Heavy Industries: production a-Si solar cell

SANYO: production: a-Si; research: a-6L�ȝ-Si

SHARP: production announced: a-6L�ȝ-Si

Shinko Electric Industries Co., Ltd.: research: CuInS2

Showa Shell Sekiyu: CIGS production announced for 2007

Aleo/ife/johanna: production with 20 MW/a announced for 2007

Akzo Nobel: research: a-Si

ANTEC Solar: production: CdTe

Q-cells: production 20 MW/a announced: a-Si

CIS Solartechnik GmbH: research: CIS, production planned.

Ersol: production 20 MW/a announcd: a-Si

First Solar: production CdTe 2007

Free Energy Europe: production: a-Si

Intersolar UK: production: a-Si

Scheuten Solar: research/pilot CIGS

Schott-Solar GmbH Phototronics (PST): production: a-Si

Shell Solar (Munich, Germany): research CIGS

production expected soon together with SGG

Solar Cells (Croatia): production: a-Si

Solarion GmbH: development and pilot: flexible CIGS

Solibro AB (Sweden): CIGS research

Sulfurcell Solartechnik GmbH: pilot: CuInS2

UNAXIS Solar: research a-6L�ȝ-Si-hybrid and production equipment

VHF Technologies: pilot: a-Si (flexible)

Würth Solar GmbH: production: CIGS

Day Star: research: CIGS, production announced

Energy Photovoltaics, Inc. (EPV): research: a-Si and CIGS)

First Solar: production CdTe

Global Solar: production: CIGS on flexible

Iowa Thin Film Technologies: research and pilot: a-Si

Nanosolar: announcement of 430 MW/a CIGS

UNISUN: research: CIGS

UnitedSolarOvonic: production: a-Si, research a-6L�ȝ-Si

Miasole:research, soon pilot production CIGS

ISET: F&E CIGS

USA Europe Japan

Source: Adapted from Bernhard Dimmler (Wuerth Solar) « Thin-Film PV industry introduction »

CIS/CIGS

A-Si

CdTe

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German Thin-Film Players

Avancis

Calyxo (Q-Cells)

CSG Solar

Ersol ThinFilm

FirstSolar

Global Solar Energy

Inventux

Johanna Solar (Aleo)

Malibu

Nanosolar

Odersun

Sontor

Schott

Signet Solar

Solibro

Sulfurcell

Sunfilm

Wuerth Solar

Germany Europe

Akzo Nobel: research: a-Si

ANTEC Solar: production: CdTe

CIS Solartechnik GmbH: research: CIS, production planned.

Free Energy Europe: production: a-Si

Intersolar UK: production: a-Si

Scheuten Solar: research/pilot CIGS

Shell Solar (Munich, Germany): research CIGS

production expected soon together with SGG

Solar Cells (Croatia): production: a-Si

Solarion GmbH: development and pilot: flexible CIGS

UNAXIS Solar: research a-6L�ȝ-Si-hybrid and production equipment

VHF Technologies: pilot: a-Si (flexible)

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Innhotep – Photovoltaic market outlook - 2008 30

The entry of the IT giants into ThinFilm

y Intel (spin-off « Spectrawatt ») – USD 50m start-up investment capital from Intel, Cogentrix Energy LLC, PCG Clean Energy and Technology Fund and Solon

AG – No details about technology – Facility in Oregon – Shipping expected for mid-2009 – Also looking to drive down overall sysytem cost, not only cell or module cost

y HP (technology licensing to Xtreme Energetics) – « rooftop solar energy systems that produce twice as much energy as conventional solar panels at half the cost » – BIPV – Shipping expected for 2010

y IBM (in-house) – Non-silicon ThinFilm technology – partnering with Tokyo Ohka Kogyo for cell development, who has experience in device that require chemically treated

surfaces – Shipping expected for 2011

y Those companies are well-positioned for lowering costs per watt

– Experience in fine-tuning manufacturing processes for tech equipment – Huge R&D budgets and worldwide R&D facilities – Experience in Innovation and tech-to-market strategies

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Agenda

Technology Overview and Trends 1

Research Institutions 2

Applications 3

Value Chain and Economic Models 4

Worlwide Supply and Demand 5

Country zooms 6

Key Players 7

Inverter Market 8

Conclusion 9

Our Value Proposition 10

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Innhotep – Photovoltaic market outlook - 2008 32

Inverter market

y Highly competitive, 100 manufacturers globally in 2007 – Over 10% of incumbents stopped doing inverter business in 2007

• Those were mainly small manufacturers who could not keep up with rapid market changes • But also Kyocera, Aixcon PowerSytems and RES exited inverter business

y International expansion of the major players triggers fierce competition y Prices are widely expected to fall y Currently, the main challenge for manufacturers is capacity increase y ThinFilm leaves some few manufacturers with compatibility issues, the majority has no problems

Prices for inverters are widely expected to keep falling significantly in the near term

Sou

rce:

Sun

& W

ind

Ene

rgy

Mag

azin

e 03

/200

8

Survey amoog the leading manufacturers No precise figures available for Kaco

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Innhotep – Photovoltaic market outlook - 2008 33

Agenda

Technology Overview and Trends 1

Research Institutions 2

Applications 3

Value Chain and Economic Models 4

Worlwide Supply and Demand 5

Country zooms 6

Key Players 7

Inverter Market 8

Conclusion 9

Our Value Proposition 10

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Innhotep – Photovoltaic market outlook - 2008 34

Conclusion: The Big Trends

Impacts Trends

Producers of traditional technologies turn towards thin-film as well (e.g. Q-cells and Sharp)

Increased national interest in development of a strong local PV industry, subsequent impact on policy-making

Growing importance of off-grid applications

Increasing fragmentation of cell and module producers

In the future, quality, brand and reliability will gain importance as more and more players enter the market

Skyrocketing energy prices, fossil energy stagnation

New production processes like “roll-to-roll” or printing

Tech

nolo

gy

Man

ufac

ture

rs

Mar

kets

Potential policy change in “mature” markets like D and ES

Rapid rise of the emerging countries like China

Long-term supply contracts

Gen

eral

Major silicon capacity coming online in the near term

Ambitious plans for CO2 reduction by governments

Energy independence issues becoming more important

Many different paths of innovation

High demand for factory turn-key solutions

Increased competition, potential future oversupply

Further cost reductions especially in ThinFilm

Companies from the electronics industry (semi-conductors and plasma technology) are turning towards photovoltaics to leverage their manufacturing knowledge

Shift in importance of geographic markets towards the emerging economies in the long term

Silicon bottleneck is set to be over, but solar glass might be the next one (even though much less dramatic)

High raw materials prices and worsened financing conditions

Cost-reductions achieved by manufacturers are swallowed up, reduction of FITs and other incentives would pose problems for manufacturers

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Innhotep – Photovoltaic market outlook - 2008 35

Agenda

Technology Overview and Trends 1

Research Institutions 2

Applications 3

Value Chain and Economic Models 4

Worlwide Supply and Demand 5

Country zooms 6

Key Players 7

Inverter Market 8

Conclusion 9

Our Value Proposition 10

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Innhotep – Photovoltaic market outlook - 2008 36

Innhotep’s Value proposition

Market Intelligence

Rapid ramp up of manufacturers makes holistic market information essential In a more and more fragmented market, Innhotep can help to find the right technology and the right partner Innhotep has references and proven networks in the industry

NETWORKS

INSIGHTS

CONSULTING

PARTNERSHIP

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Innhotep – Photovoltaic market outlook - 2008 37

INNHOTEP VALUE PROPOSITION 1

OUR APPROACH 2

CONSULTANT PROFILES 3

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Our positioning : value creation through innovation

: « Business Innovation Accelerator »

Innhotep Ventures is a fast growing professional services firm, dedicated to innovation strategy and management.

We support our clients to achieve high impact projects that create value through innovation. We have two complementary activities:

1. Independant consulting firm for large companies: • Innovation strategy design and implementation to create value

and stimulate growth, mainly in two main areas: 9 Energy and Clean technologies 9 Information technologies

• Strategy and business innovation management 9 Organisation (R&D conception and/or optimisation,

strategic marketing, etc.) 9 Managerial innovation and associated tools (collaborative

intelligence, etc.)

2. Startup coaching • Accelerating startup growth during all their stages of

development

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Our ambition : instill technical and business innovation to serve the vision of our clients

Integrate innovation within the strategic vision

Identify concrete ways of innovation

Help our client implement operational strategy

VISION

Innovation strategy

Organizations / process

Change management

Ideas generation Business and feasibility study

Projects portefolio

Implementation plan

Business Intelligence

Partnerships Define strategy

VISION

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INNHOTEP VALUE PROPOSITION 1

OUR APPROACH 2

CONSULTANT PROFILES 3

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Our ambition: support our clients to address their key strategic business issues

New strategic issues

What are the main weak signals in my market today,

but crucial within 2 - 5 years?

How to detect real business gems ?

(ideas, startups, products, services ...)

How to get organized to design and deploy new

offers?

What new offers can be designed to conquer

new markets?

Business innovation identification

Projects implementation

New activities and offers to

invent ?

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Our ambition: support our clients to address their key organization and management issues

New organisational and mangement issues

How to capitalize on key internal and external resources to feed my

strategy ?

How to come across operational barriers

to optimize the strategy

implementation ?

How to best detect and leverage internal and external innovation ?

How to take advantage of the new possibilities offered

by Enterprise 2.0 innovations and tools

?

New management approaches

New tools and innovative methods

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Innhotep – Photovoltaic market outlook - 2008 43

Benchmark

Opportunity analysis

Strategic intelligence

Business models

Partnership targeting

Offer design

Startups identification

Market studies

THINK

BUILD

Project feedback

New business projects Deployment

OPERATE

Strategic positioning

Brainstorming sessions

Strategic roadmaps

Project management

Processus (creation )

Tools (audit, sourcing, etc.)

Support our clients : 3 main types of mission

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Some of our clients

Strategy and Innovation

Management

Energy and Cleantechs

Information Technologies

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INNHOTEP VALUE PROPOSITION 1

OUR APPROACH 2

CONSULTANT PROFILES 3

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Experience

Claire Bacquart Associate Director

Innhotep

ƒ Innhotep ƒ Yahoo! Marketing Manager, Small Business (SMB), Europe

(10 countries, 100M$ managed) ƒ One Plus One ƒ Filmfestivals.com

• Numerous missions in the field web and digital innovation : opportunity identification, conduct of innovative studies and benchmarks, client needs specification, new offerings development, brainstorming and think tank animation

• More than 10 years of operational experience as an IT manager, with international teams

• Various expertise including : Innovation management (open innovation, enterprise social networks, mobile financial services, etc.), business model assessment (notably for numerous IT and web startups), innovative market assessment, etc.

Demba Diallo Associate Director

Innhotep

ƒ Innhotep ƒ Colombus Consulting

ƒ Cap Gemini Ernst & Young ƒ Arthur Andersen

• More than 10 years in strategic, organisation and management (Arthur Andersen, Cap Gemini Ernst &Young, Colombus Consulting)

• Numerous missions in the field of IT and cleantechs, growth strategies, including technology and business model assessment

• Vast experience in the design and implementation of new business with strong technological components

• Seminar, brainstorming and think tank session animation • Co-founder of startup Stribe

Experience

Our team : some of our consultants

ƒ ESCP-EAP Graduate : Oxford, Madrid, Paris. Marketing specialization

Education Education

ƒ Ph.D Telecom Paris in innovation management ƒ Sciences Po Paris Graduate

ƒ Research stays in Harvard, MIT, UC Berkeley

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ƒ Innhotep / Expert Scientipôle Initiative ƒ Colombus Consulting

ƒ BearingPoint ƒ Arthur Andersen BC

ƒ Thales International Venezuela, Air France

• Numerous missions in the field of IT project management, growth strategies and project implementation, cleantechs strategies, technology and business model assessment

• Vast experience in the design and implementation of business, technologic and operational projects

• Numerous benchmarks and studies concerning the value chain of knowledge and information : idea management, content management, enterprise social networks, etc.

• Startup assessment for public funding : internet, data management, M2M, waste, smart grids, energy, etc.

Sidney Delourme Consultant Innhotep

ƒ Innhotep – Consultant ƒ Intelleco – Consultant Strategic Intelligence

ƒ Strategic Scout – Junior Consultant Energy & Telecom ƒ Edu-Performance Canada –Marketing Manager

• Numerous missions in the field of business and strategic intelligence, innovation identification and screening, startup analysis, new product and services assessment, emerging

market assessment • Vast experience in strategic and operational marketing,

business development, technology assessment • Various expertise : information technologies, home automation,

cleantechs, renewable energies, energy efficiency, smart grids, etc.

Our team : some of our consultants

Johann Girard Senior Project Manager

Innhotep

Experience Experience

Education Education

ƒ ESSEC ƒ Arthur Andersen University, Chicago

ƒ MBA Sustainable Performance, ISC Paris ƒ Double Degree Superior School of International Business and

London South Bank University, Master in Strategic Marketing

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What does Innhotep mean ?

• The word Innhotep was chosen in resonance with the name Imhotep, « He who comes in peace » or « the one who is

welcome »

• Vizier of Pharaoh Djoser, Imhotep designed in Africa, at Saqqara (Egypt), the first pyramid in history.

• Aside architecture, Imhotep was a scholar in medicine,

mathematics, astrology and religion, exemplifying the breadth of knowledge needed to achieve successful

innovation

• He contributed to the existence of a single language and scripture, foundations for the administration and

the religion of one of the most impressive civilizations of mankind

Site web : innhotep.com Blog : innhotep.blogspot.com Twitter : twitter.com/Innhotep