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Shortly after the completion of the U.S. Department of Commerce's

investigation i nto Chinese solar exports, the U.S. now finds itself involved inanother global solar trade conflict.

India's Ministry of Commerce & Industry has officially launched an anti-dumping investigation into photovoltaic cells exported into India from theU.S. Exports from China, Malaysia and Taiwan will also be subject to theinvestigation.

A coalition of India-based PV manufacturers, including Indosolar Ltd., Jupiter

Solar Power Ltd. and Websol Energy Systems Ltd., filed the initial anti-dumping complaint, alleging that the "subject goods are being dumped intothe Indian market by the exporters from the subject countries," accordingto official documents.

John Smirnow, vice president of trade and competitiveness at the SolarEnergy Industries Association, says the news of the investigation isunsurprising, given that India's trade association has long been "publiclycritical" of imports from the U.S. The group filed its petition several monthsago.

India's solar trade probe joins several other pending investigations aroundthe world, including two separate module-dumping cases filed by SolarWorld-led European group EU ProSun against China, as well as an investigation byChina's Ministry of Commerce into alleged solar polysilicon dumping by theU.S. and South Korea.

"Often, when you have global overcapacity for modules, you see many of these cases being filed," Smirnow notes.

Notably, unlike the trade investigations initiated in the U.S. and Europe,

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India's case includes not only crystalline silicon solar products but also thin-film products. In fact, the usage of thin-film modules from Tempe, Ariz.-based First Solar and other U.S. manufacturers in Indian solar plants hasbeen a particular source of longstanding tension.

Earlier this year, India's Centre for Science and Environment, a research andadvocacy organization, publicly accused the U.S. of "killing" Indian solarmanufacturing by offering Indian solar developers low-interest loans throughits Export-Import Bank and Overseas Private Investment Corp. in exchangefor mandating that the developers use solar products from the U.S.

Although India's National Solar Mission rules require that projects eligible forthe program use domestically manufactured modules, thin-film PV iscurrently exempt.

Procedures Now that the investigation has begun, the steps involved and the basictimeline are expected to closely resemble those of the U.S. and EU solartrade probes.

"The basic procedures are going to be the same," Smirnow explains. "India,the U.S. and China are all members of the World Trade Organization (WTO).If you're a member of the WTO, you agree to certain principles on how youpursue anti-dumping investigations."

As with the U.S. and EU cases, a key component will be detailedquestionnaires on import quantities and pricing. Smirnow encourages anyU.S. company involved with exports to India to take part.

"You're always better participating in a dumping investigation than not," hewarns. "You're going to get a better result." For example, in the Solarworld-led U.S. solar trade case against China, the "countrywide" tariff rate for

companies that did not participate in the investigation soared as high as254.66%, while others saw tariffs ranging from 23.75% to 30.66%.

The official period of investigation (POI) will cover January 1, 2011, throughJune 30, 2012, according to the Indian government's documents. However,for purposes of determining whether allegedly dumped products caused"injury" to the domestic market, the government will examine three separateearlier time periods: April 2008 through March 2009, April 2009 throughMarch 2010, and March 2011 through the standard POI timeframe.

Because the investigation remains in its preliminary stages, Smirnow says it

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is too soon to begin speculating on whether tariffs ultimately will be imposed- or how high they may be.

In any case, he does not foresee an exodus of U.S. suppliers from the Indian

market, even if the government applies severe tariffs. Rather, thesecompanies may simply need to adjust their supply channels.

"If they impose high margins that effectively preclude their ability tocompete, then they might be thinking of alternate sources of supply," hesays, noting that many Chinese manufacturers coped with the U.S.' tariffs bymoving some of their manufacturing to neighboring countries that were notsubject to the investigation.

For U.S. manufacturers exporting to India, that strategy could be slightlycomplicated by the additional presence of Malaysia and Taiwan - potentialalternate manufacturing locales - in the trade case. "By including Malaysia,they may be targeting First Solar facilities," Smirnow points out.

Photo: Gujarat, India-based GreenBrilliance installed this 100 kW PV systeminRaipur, Chattisgarh, India. Photo credit: GreenBrilliance

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The solar cell and panel manufacturing business isn't showing clear signs of recovery, and thathas taken a toll on those who develop the equipment to make the factories run.

Tokyo Electron announced Friday that it has broken up a joint venture with Sharp for developingmachines for making amorphous silicon thin films. The two companies formed the alliance backin 2008 and came up with chemical vapor deposition tools.

Back then, amorphous silicon thin films still seemed like a promising technology , when startupsand larger rivals were announcing ambitious plans to build factories. But there were also hotdebates about the technology’s chances of making it big. A former photovoltaic programmanager at the National Renewable Energy Laboratory, Tom Surek, told the audience of a solar conference in 2009 that the costs and the anticipated price declines for amorphous silicon — aswell as copper-indium-gallium-selenide (CIGS) thin films — made those technologiesuncompetitive.

And here we are today. Neither amorphous silicon nor CIGS plays a significant role in thegigawatt world of solar business. Venture-backed Signet Solar, an amorphous silicon thin filmstartup, finally filed for bankruptcy, two years after it shuttered the operation, reported the SanFrancisco Business Journal this week.

Centrotherm, which has worked on standardized CIGS thin film manufacturing, filed for bankruptcy in July this year.

Tokyo Electron hasn’t given up on amorphous silicon thin film though. Earlier this week, thecompany said it had completed the purchase of Oerlikon Solar , the Swiss firm that was AppliedMaterials’ chief rival. Applied Materials stopped selling its SunFab line in 2010 to focus oncatering to makers of crystalline silicon solar cells. Earlier this month, Applied said it needed topull back its solar investments even more than it previously anticipated, though it has yet toprovide details.

Applied’s other big rival, GT Advanced Technologies, meanwhile, is pushing hard to expand intonon-solar markets. The company just bought Twin Creeks Technologies for a cool $10 millionand plans to use Twin Creeks’ technology not just for solar but also for making LED chips andscratch-resistant screens for consumer electronics such as smart phones.

―If you don’t plant seeds, your farm shrinks, GT’s CEO, Tom Gutierrez, told financial analystsearlier this month.

Twin Creeks had raised nearly $100 million when I wrote about the launch of its equipment tomake ultra-thin silicon wafers in March this year. While making super thin wafers can cut costs,the savings aren’t as significant these days. The prices for silicon were falling quickly during thetime when Twin Creeks was finalizing its equipment design and ready it for the commercialrollout.

Investors will be hard pressed to put money into solar equipment development like what hadbeen done with Twin Creeks, which is too bad because photovoltaic technology has a long wayto go to improve how well it can convert sunlight into electricity.

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Lead image: Black stormy clouds via Shutterstock

Solar Energy

6 Reader Comments

Comment

1 of 6

oma-graves December 1, 2012

COST is the biggest problem with Solar Power (PV)today. From the cost of the PV cells to the inverterequipment, it is very expensive. Pay back is long.Reduce the cost and it will get used a lot more.Right now solar power gets used by a handful of ardent techies, and die hard 'off the gridders'.

However, as of today, the best that can be said formost home solar installations is that it keeps a fewlights on in the house. You can, of course buy theexpensive AC 'INVERTER' and run the motorizedappliances too, but there it is, the inverters are veryexpensive and a maintenance issue.Solar power (PV) is a DC (Direct Current) source. Itfollows then that the loads supplied by a solar sourceshould be DC.If solar power is to ever get into the main stream, theappliance engineers must take a lesson from history.That is, when Edison first invented the dynamo it wasD.C. (Direct Current). DC is more efficient than ACwith less losses, no leads, lags, kvar's and such.Indeed, the only reason AC is needed is fortransmission across long distances. Once you get tothe load it is no longer required.The interesting thing is that there are double woundmotors available today. That is, they can run on AC orDC. It's a matter of a selector switch.Again, solar power is a DC source. If you make all theloads DC, then the system becomes much moreefficient and less expensive to own and operate. Payback is quicker.A simple summary would be, bring AC to the house,convert it to DC, run the whole house instead of justthe lights, start getting a real payback. There is more,of course, but the idea is there.Ortexgraves.com

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Comment

2 of 6

JohnIhle December 1, 2012

You're speaking about retail rates and you couldn't bemore wrong whether you go off grid or interconnect to

a utility, Oma. You should crunch real numbers beforeyou run your pen.

Granted, the 30% itc, macrs allow businesses toenhance roi/irr..

but from a long term view, 20 years and/or more, pvcan be excellent economically. Especially whenviewing environmental rules (from an economicperspective) and associated rate hike risks, rate hikes

due to cola, rising maintenance costs on aging fossilfuel plants, and more all of which gets passed on toratepayers.

Not to mention local economic activity associatedwith distributed generation which is hardly everdiscussed.

Investing in pv, from a residential rate payerperspective, is a different way to look at investment.Most of us, unfortunately, are used to having ourgeneration come from 100's of miles away. Mostpeople do not look at long term energy investment fortheir homes as realistic mainly, I think, because of their not being very familiar with the technology orhow reliable it is.

Also, pv and clean energy has been associated withthe environment, which on one hand is goodobviously, but on the other hand the eocnomicargument isn't made by most. The econoimcs are

significant especially when looking at long term costsand risks associated with fossil fuels.

You're other comments are ignorant, too. It's ok to beignorant, we all are on many issues, but you shoulddig into the numbers and the technology that isavailable today. The future is bright for pv and otherclean energy technologies because, for several reasonsmoving forward, fossil fuels and central stationgeneration simply will not be able to compete withclean dg.

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I know some hate the term "grid parity" but it is here,right now (in Minnesota which is not known for itssolar potential) on the retail side especially whentaking long term views.

Comment3 of 6

oma-graves December 1, 2012

Okay John:

First of all to have a dissenting point of view is onething. However, calling some "Ignorant" is quiteanother. That in itself, is ignorant.

I've been in the power industry for 35 years servicing,installing, selling critical power for data centers.

You, on the one hand, I think are talking about centralPV generating facility. On the other hand, I am talkingabout 'point of use', or end user applications.

A PV central generating facility capable of generatingthe 100's or 1000's of mw needed to make a centralgenerating plant viable would be a huge engineeringundertaking that would be prohibitavly expensive.(Recently I scanned an article about a plant in Indiathat had the capacity of 650mw that required 2000acres for their solar field.)The inverters, the staticswitches, the constant ongoing maintenance (softwareand hardware upgrades as a minimum, not to mentionthe relativly clean environment that must bemaintained for the inverters and static switches. Allthis is very expensive, and as a minimum will bepassed on the end user. The end user will see a netincrease in their bill for all that.

The retail level more readily answers the question of PV being a long term strong industry. Without the enduser possibilities, the PV will be limited to utility typegeneration.

The point of making the end user loads DC is valid.The point about making the whole house DC is valid.

20 year pay back is too long at the retail/end userlevel.

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You mention that PV is environmentally sound also.You're right. However, there is another technologythat is environmentally sound also, FUSIONENERGY. You may say that it's not available today.Cheap PV isn't available either. More importantly,with a different set of political priorities in energy,fusion makes more sense. It would be a morepredictable long term source of energy, higher powerdensities would help augment the cost, and it is veryclean.

ortexgraves.com

Comment4 of 6

rfreeh December 1, 2012

Today's solar DC to AC inverters are on average 95%plus efficient, with state of art running as high as 98%.So there is little to no efficiency gain by going withDC as there would have been, say 20 or 30 years ago.Inverters add maybe 10% to 15% to the cost of a solarPV system, but make it possible to interconnect withthe grid, use existing wiring in buildings, and runstandard appliances. The justification for inverters isoverwhelming.

Comment

5 of 6

rfreeh December 1, 2012

COST is the biggest problem with fusion powergenerators; that and the fact that they don't yet exist.

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Comment

6 of 6

Eliseo December 1, 2012

Ucilia Wang is a journalist, I understand the role of informing perhaps with an air of discouragement or

lack of enthusiasm but who use small scaleinstallation panels isolated from the mains areconvinced that it is better to use a 50W panel ahundred candles.Personally I dare say that all this writing is not thewhole truth until I can think of that is managing thecapitalists who use and will use coal, oil and all fossilbecause capital moves mountains, infrastructure andmanpower.

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olarbuzzFacts & Figure sRetail Price Environment Module Pricing

Module PricingSolarbuzz is now bringing you more research and analysis of the solar industry through our expanded product portfolio and analyst commentary on industry and market developments. Tostreamline our site, we have discontinued updating some sections, including Industry News, Retail Pricing and information for those new to the solar industry. You can still sign up to receive freeemail summaries of the latest commentary, blogs and articles from Solarbuzz analysts .

Download the data | Methodology

Retail Price Summary - March 2012 Update

The long downward trend in retail module prices continued in March. Reductions in Europe were

much more pronounced than in the United States.

Long term movement trends in retail module prices can almost always be traced to adjustments at

the factory gate. In turn, the factory gate prices are driven by the global supply/demand balance,

by cuts in production costs, and by changes in government incentives stimulating demand.

European markets have been around 80% of global PV demand during the last five years.

However, over recent months, there have been sharp cutbacks in incentives in Europe to reduce

demand growth and also the total funding cost of those subsidies. These cuts are actually an

outcome of government programs that have been successful in creating demand, but also

importantly helping to bring down the unit cost of solar photovoltaics.

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Another underlying driver of the retail module price reductions has been caused by a change in

module supplier mix. Over the past five years, European, Japanese, and US manufacturers have

lost share to Chinese and Taiwanese manufacturers.

This month, there were 89 price reductions and just 33 price increases, somewhat similar to the

107 price reductions and 23 price increases the previous month. The last t ime the number of pricerises were more than decreases was November 2010.

Lowest Retail Prices ($/Wp)

Currently, 329 solar module prices are below $2.00 per watt (€1.48 per watt) or 34% of the total

survey. In February, there were 302 price points below $2.00 per watt (€1.52 per watt), 31% of

the survey.

The lowest retail price for a multicrystalline silic on solar module is $1.06 per watt (€0.78 per watt)

from a German retailer. The lowest retail price for a monocrystalline silicon module is $1.10 perwatt (€0.81 per watt), also from a German retailer. Brand, technical attributes, and certifications

do matt er. The lowest thin film module price is $0.84 per watt (€0.62 per watt) from a Germany -

based retailer. As a general rule, it is typical to expect thin film modules to be at a price discount

to crystalline silicon (like for module powers). This thin film price is for a 105 watt module.

Price Index Context

The module cost is around 35-40% of the total installed cost of a solar energy system. Prices are

based upon the purchase of a single solar module and are exclusive of sales taxes. Information on

volume discounts, factory gate, and PV system pricing is available as part of

our consulting s ervices.

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HOMER® ModelHOMER®, the micropower optimization model, simplifies the task of evaluating designoptions for both off-grid and grid-connected power systems. When you design a powersystem, you must make many decisions about the configuration of the system: Whatcomponents does it make sense to include in the system design? How many and whatsize of each component should you use? How do the costs and environmental impacts of different system designs compare? The large number of technology options, range of technology costs, and variable availability of energy resources make these decisionsdifficult to make. The HOMER® model's optimization and sensitivity analysis algorithmsmake it easier to evaluate the many possible system configurations. For moreinformation, visit the HOMER Energy website. You also can access a fact sheet a boutthis unique tool. Contact developer for more information.

Hybrid2The Hybrid2 code is a user-friendly tool to conduct detailed long-term performance andeconomic analysis on a wide variety of hybrid power systems.

Hydrogen Deployment System (HyDS)The Hydrogen Deployment System (HyDS) model analyzes the transition to a hydrogeneconomy. It costs out numerous pathways — from production to distribution — findingthe most economic mode for hydrogen to be delivered in a user-defined region. Itintegrates an intercity optimization algorithm, which considers economy-of-scale of production, transportation, and delivery — as well as the trade-offs between centralizedand forecourt hydrogen production. Given price projections for gasoline, natural gas, andother feedstocks, the HyDS ME produces a supply curve reflecting the most economicpathway for hydrogen to be delivered. Contact Nate Blair of the Strategic EnergyAnalysis Center (SEAC) for more information.

Power Technologies Energy Data Book (Fourth Edition)

In 2002, the Strategic Energy Analysis Center of the National Renewable EnergyLaboratory (NREL) developed the first version of the Power Technologies Energy DataBook for the U.S. Department of Energy. The analysis group has now posted the fourthedition of the Power Technologies Energy Data Book , which provides updates from ourprevious edition. The primary purpose of the data book is to compile — in one centraldocument — a comprehensive set of data about power technologies from diversesources. This publication features more than 200 pages of energy supply-side data andcomplete technology profiles for renewable energy and distributed power technologies.The data book also contains a variety of charts on electricity restructuring, powertechnology forecasts and comparisons, electricity supply, electricity capability, electricitygeneration, electricity demand, prices, economic indicators, environmental indicators,and conversion factors. Please contact Jørn Aabakken with any questions.

REFlexREFlex is a reduced form dispatch model that evaluates the limits of variable renewablegeneration as a function of system flexibility. It can also evaluate the role of enablingtechnologies such as demand response and energy storage. It is an updated version of the PVFlex model described in the following articles: "Evaluating the Limits of SolarPhotovoltaics (PV) in Traditional Electric Power Systems," by Paul Denholm and RobertMargolis, NREL Report No. JA-640-41459; doi:10.1016/j.enpol.2006.10.014 and"Evaluating the Limits of Solar Photovoltaics (PV) in Electric Power Systems UtilizingEnergy Storage and Other Enabling Technologies," by Paul Denholm and RobertMargolis, NREL Report No. JA-6A2-45315. doi:10.1016/j.enpol.2007.03.004

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RET FinanceRETFinance is a levelized cost-of-energy model, which simulates a detailed 20-yearnominal dollar cash flow for renewable energy projects power projects including projectearnings, cash flows, and debt payment to calculate a project's levelized cost-of-electricity, after-tax nominal Internal Rate of Return, and annual Debt-Service-Coverage-Ratios.

Regional Energy Deployment System (ReEDS)Regional Energy Deployment System (ReEDS) is a multiregional, multitimeperiod,Geographic Information System (GIS), and linear programming model of capacityexpansion in the electric sector of the United States. The model, developed by NREL'sStrategic Energy Analysis Center (SEAC), is designed to conduct analysis of the criticalenergy issues in today's electric sector with detailed treatment of the full potential of conventional and renewable electricity generating technologies as well as electricitystorage. The principal issues addressed include access to and cost of transmission,access to and quality of renewable resources, the variability of wind and solar power,and the influence of variability on the reliability of the grid. ReEDS addresses theseissues through a highly discretized regional structure, explicit accounting for thevariability in wind and solar output over time, and consideration of ancillary servicesrequirements and costs. See the ReEDS Web site for more information.

Renewable Energy Technology Characterizations (1997)The Renewable Energy Technology Characterizations describe the technical andeconomic status of the major emerging renewable energy options for electricity supply.These technology characterizations represent the best estimates of the U.S. Departmentof Energy (DOE) and the Electric Power Research Institute (EPRI) regarding the futureperformance and cost improvements expected for these technologies as a result of continuing research and development (R&D) and development of markets for renewableenergy through the year 2030. The Renewable Energy Technology Characterizations arecopyrighted, but permission is granted for unlimited copying for noncommercial use.

SERA (Scenario Evaluation, Regionalization & Analysis)The Scenario Evaluation, Regionalization and Analysis (SERA) model is a geospatiallyand temporally oriented infrastructure analysis model that determines the optimalproduction and delivery scenarios for hydrogen, given resource availability andtechnology cost. Given annual H2 demands on a city-by-city basis, forecasts of feedstockcosts, and a catalog of available hydrogen production and transportation technologies,the model generates "blueprints" for hydrogen infrastructure build-out that minimize theoverall net-present-value of capital, operating, and feedstock costs for infrastructurenetworks that meet the specified demand profiles. The model represents productionfacilities and pipelines at the level of individually geolocated components, while it treats

truck and rail transportation at an aggregate level. Intra-urban locations of dispensingstations and of hydrogen production for stationary applications are generated using ageospatial statistical model that matches empirical distributions of such facilities. Prior toOctober 2009, SERA was know as the Hydrogen Deployment System ModelingEnvironment (HyDS-ME).

Stochastic Energy Deployment System (SEDS)The Stochastic Energy Deployment System (SEDS) model is a capacity-expansion modelof the U.S. energy market. The model uses five-year time periods from 2005 to 2050.SEDS can be operated either deterministically or stochastically. When operateddeterministically, SEDS uses a single value instead of the input-probability distributionsfor the uncertain parameters. In this mode, the results are immediate and informative,

in terms of how the model responds to different inputs and assumptions. When operatedstochastically, SEDS uses Monte Carlo simulations to make a number of sweeps throughthe time period. In each sweep, the random variables are sampled using a Latin

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Hypercube approach that improves on a standard Monte Carlo simulation. SEDS is beingdeveloped with a commercially available software package, Analytica, designed tofacilitate the development of stochastic models (for more information on Analytica,visit Lumina ) . Contact James Milf

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Using data from over 100 sources NRG expert haverecently released their latest collection of renewableenergy market research reports. This includes Solar

PV,Geothermal energy , Wind energy and more.NRG Expert have published the Global Renewables Market Research Report which provides anoverview of the renewables industry, plus a series of individual reports focusing on each type of renewable. The reports look at the key market drivers, plus outline all the important renewableenergy statistics and data. The energy analysts also highlight the most important companies andcountries to watch. Critical reading for anyone operating in the renewable energy sector. The fullmarket research report overviews can be viewed here: http://www.nrgexpert.com/renewable-energy-analysis-research/

Here is a quick summary of the latest renewables market research reports available at NRG

Expert.

Wind Energy Market Research Report

This global wind energy market research report contains a full wind energy analysis of windpower developments, – worldwide and by country.The Wind energy research looks at on and offshore wind power, the advantages anddisadvantages of wind energy and wind energy forecasts through to 2020. This combined with awind energy analysis of the growth of the wind industry, and the development and installation of wind turbines worldwide and wind turbine technology makes this report a must have. This reportalso looks at the top five wind energy markets, the European wind energy market, and the topthree wind turbine manufacturers from China – the current number one in the wind energymarket.

Solar PV Market Research Report

This new solar market research report and industry analysis provides an overview to the solar market worldwide. It outlines the advantages and disadvantages of the solar industry andprovides key data. It looks at the key components and statistics for future growth anddevelopment and provides solar forecasts.

Geothermal Market Research Report

This NRG Expert geothermal energy research report provides the most fully comprehensivestudy of the Geothermal Market worldwide. The report provides a comprehensive geothermalenergy analysis of the global geothermal energy industry, with a close look at the key geothermalenergy companies and geothermal power generation by country.

Biofuels Market Research Report

This new biofuels market research report looks at the global Biofuels industry now and thepredictions for future growth and development worldwide. NRG Expert’s Biofuels Report and

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Rosie Seldon from NRG Expert, the energy marketresearch company analyses countries with hugepotential for energy investment and energy growth.

This week NRG Expert reveal the top 3 countries towatch.

Top energy investment country to watch:

India

India is facing an energy scarcity which is slowing down industrial growth and economicprogress. India plans to tackle this by investing in renewable energy , particularly biomass, solar,wind and geothermal energy.

Top energy Facts India

India solar power aims to increase from virtually zero to 20,000 megawatts by 2022.[1]

The recent $600m Gujarat solar park marks a rise in a key global market for India’s solar power development, manufacture and investment [1].

India produces 450-500 million tonnes of biomass per year, 32% of all the primaryenergy use at present.

Biodiesel is targeted to meet 20% of the country’s diesel requirement by 2020.

$1.1 billion wind energy investment by, ReNew Power Limited, to set up 1,000MW of wind energy projects across India.[2]

To find out which other 2 countries NRG Expert are keeping a close eye on, click here :

To access in-depth energy data on the country of your choice click here:

NRG expert provides country specific data and reports regarding energy investment, energygrowth and energy analysis.

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Countries covered: India

Market definition

The renewable energy market consists of the consumption of electricity generated via Geothermal, Solar, Windand Hydroelectric means, as well as through wood and waste combustion. Data are reported as net consumptionas opposed to gross consumption. Net consumption excludes the energy consumed by the generating units. Thevolume of the market is calculated as the volume of electricity consumed (in billions of kilowatt hours, kWh), andthe market value has been calculated according to average annual renewable electricity prices. Any currencyconversions used in the creation of this report have been calculated using constant 2010 annual averageexchange rates.,Introduction

Renewable Energy in India industry profile provides top-line qualitative and quantitative summary informationincluding: market size (value and volume 2006-10, and forecast to 2015). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.Essential resource for top-line data and analysis covering the India renewable energy market. Includes marketsize data, textual and graphical analysis of market growth trends, leading companies and macroeconomic

information.

Highlights

The renewable energy market consists of the consumption of electricity generated via Geothermal,Solar, Wind and Hydroelectric means, as well as through wood and waste combustion. Data arereported as net consumption as opposed to gross consumption. Net consumption excludes the energyconsumed by the generating units. The volume of the market is calculated as the volume of electricityconsumed (in billions of kilowatt hours, kWh), and the market value has been calculated according toaverage annual renewable electricity prices..

Any currency conversions used in the creation of this report have been calculated using constant 2010annual average exchange rates.

The Indian renewable energy market had total revenue of $10.7 billion in 2010, representing acompound annual growth rate (CAGR) of 15% for the period spanning 2006-2010. Market consumption volumes decreased with a CARC of -0.5% between 2006-2010, to reach a total of

120.4 billion kWh in 2010. The performance of the market is forecast to decelerate, with an anticipated CAGR of 14.1% for the five-

year period 2010-2015, which is expected to drive the market to a value of $20.8 bil lion by the end of 2015.

Features

Save time carrying out entry-level research by identifying the size, growth, and leading players in the renewableenergy market in India

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the renewableenergy market in India

Leading company profiles reveal details of key renewable energy market players’ global operations and financialperformance

Add weight to presentations and pitches by understanding the future growth prospects of the India renewableenergy market with five year forecasts by both value and volume

Macroeconomic indicators provide insight into general trends within the India economy

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Renewable Energy Industry Scenario of The BRIC Nations

Summary

Brazil, Russian Federation, India and China, known as the BRIC nations, are among the emerging economies inthe world and play an increasingly important role in global financial markets. Their diverse political, social, macro-and microeconomic indicators as well as increasing government support are key drivers to attract investors intheir various markets, including renewable energy industry. Renewable energy investments in BRIC nations haveincreased from $6.35 billion in 2004 to $33.47 billion in 2009. Total renewable power investments in Chinaincreased from $1,768.96min 2004 to $12,252.01m in 2009 at a CAGR of 63.18%. China was followed by Brazilin renewable power investments in 2009, with an investment of $10,058.65m. Investments in renewable energyindustry in India have also increased from $3,712.97m in 2004 to $8,922.81min 2009 at a CAGR of 19.72%.Russian renewable power market is in its initial stages of development with an investment of almost $2,236m in2009. This is due to the lack of supporting government policies to attract investors in i ts renewable sector.However, the upcoming investments plans in Russia are expected to increase its renewable power investmentsto $7,842m by 2010. The total renewable power investments in BRIC nations are therefore, expected to reach$47,284m by 2010.

Scope

Renewable Energy Cumulative Installed Capacity of BRIC Nations Renewable Energy Investments in BRIC Nations Regulatory Environment for Renewable Energy Industry in the BRIC nations Competitive Analysis

he demand for alternate sources of energy like solar has surged worldwide due to global warming and shortageof conventional sources. Solar energy accounts for less than a fraction of the total renewable energy installedcapacity in India. In the current scenario, solar energy is less affordable as per unit cost of solar energy is 4X-5Xother conventional and non-conventional sources. However, due to tropical location and the governmentinitiatives, India has the potential to become a solar hub. Government has introduced various reforms andincentives 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 andvalue 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 andhighlights the investments proposed by each in solar energy.

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Solar PV in India, Market Outlook to 2025 - Capacity, Generation, Levelized Cost of Energy (LCOE), InvestmentTrends, Regulations and Company Profiles

Summary

Solar PV in India, Market Outlook to 2025 - Capacity, Generation, Levelized Cost of Energy (LCOE), InvestmentTrends, Regulations and Company Profiles is the latest report from GlobalData, the industry analysis speciali ststhat offer comprehensive information and understanding of the solar PV market in India. The report provides indepth analysis on global renewable power market and global solar PV market with forecasts up to 2025. Thereport analyzes the power market scenario in India (includes thermal conventional, nuclear, large hydro andrenewables) and provides future outlook with forecasts up to 2025. The research details renewable power marketoutlook in the country (includes wind, small hydro, biopower and solar PV) and provides forecasts up to 2025.The report highlights installed capacity and power generation trends from 2001 to 2025 in India solar PV market.The research analyzes market segmentation by grid connectivity, investment trends and LCOE for solar PV inIndia during 2011-2025. The report provides information on the amount of carbon saved and average number of homes powered by solar PV during 2001-2025. A detailed coverage of renewable energy policy frameworkgoverning the market with specific policies pertaining to solar PV market development is provided in the report.The research also provides company snapshots of some of the major market participants.

The report is built using data and information sourced from proprietary databases, secondary research and in-house analysis by GlobalData’s team of industry experts.

Scope

The report analyses global renewable power market, global solar PV market, India power market, Indiarenewable power market and India solar PV market. The scope of the research includes -

A brief introduction on global carbon emissions and global primary energy consumption. Historical period is during 2001-2011 (unless specified) and forecast period is for 2012-2025. An overview on global renewable power market, highlighting installed capacity trends, generation trends

and installed capacity split by various renewable power sources. Renewable power sources include wind (includes both onshore and offshore), solar photovoltaic (PV),

concentrated solar power (CSP), small hydropower (SHP), biomass, biogas and geothermal. Detailed overview on the global solar PV market with installed capacity and generation trends, market

segmentation by grid connectivity, installed capacity split by region in 2011, installed capacity split bymajor solar PV countries in 2011, investment trends (2011-2025), trade flow of solar PV modules (2001-2011) and detailed cost analysis which includes LCOE comparison among major countries.

Power market scenario in India and provides detailed market overview, installed capacity and power generation trends by various fuel types (includes thermal conventional, nuclear, large hydro andrenewables) with forecasts up to 2025.

An overview on India renewable power market, highlighting installed capacity trends (2001-2025),generation trends(2001-2025) and installed capacity split by various renewable power sources in 2011.

Detailed overview of India solar PV market with installed capacity and generation trends, marketsegmentation by grid connectivity, investment trends (2011-2025), import-export data of PV modules(2006-2011), carbon savings (2001-2025), number of homes powered (2001-2025) and LCOE for solar PV during 2011-2025.

Deal analysis of India solar PV market. Deals are analyzed on the basis of mergers, acquisitions,partnership, asset finance, debt offering, equity offering, private equity (PE) and venture capitalists (VC). Key policies and regulatory framework supporting the development of renewable power sources in

general and solar PV in particular. Company snapshots of some of the major market participants in the country.

Countries covered: India

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Indian Renewable Energy Sector - Installed Capacity will Cross 90 GW Mark by End of 13th Five-year Plan

Summary

Renewable energy sources are developing at an unprecedented rate and significant capacity was added duringthe 11th five-year plan (April 2007 – March 2012). Unlike conventional sources, renewable energy growth far surpassed pre-defined targets. The 11th five-year plan proved a golden period for the development of renewableenergy sector. The installed capacity increased by more than 350% during the 11th five-year plan. As on March31, 2012, the total renewable installed capacity reached to 24.5 GW from 6.8 GW in March 31, 2007. This trendwill continue for at least the next decade as the government is committed to increasing the size of the renewableenergy share in India’s power generation mix due to energy security and environmental concerns. This will helpto bridge the demand-supply gap and will also support India’s growing economy.

Scope

The report provides insight to the renewable year growth in recent years, current status and futureprospective. The report provides the following information -

o The government’s planned expenditure along with the e xpected growth during 12th five year plan (2012-2017) for various renewable energy technologies

o It projects market growth during 13th five year plan (2017-2022) for various renewable energysources.

o It identifies the drivers of the growth and the challenges; where governments should work tomake the growth more streamlined.

Reasons to buy

o The report provides insight to the renewable year growth in recent years, current status andfuture prospective.

o The report covers the government’s planned expenditure alo ng with the expected growth for various technologies during 12th five year plan (2012 -2017) .

o It also projects market growth during 13th five year plan (2017 - 2022).o The report identifies the drivers of the growth and the avenue where government has to more

to make the growth path more streamlined.

Indian Renewable Energy Sector - Installed Capacity will Cross 90 GW Mark by End of 13th Five-year Plan

Summary

Renewable energy sources are developing at an unprecedented rate and significant capacity was added duringthe 11th five-year plan (April 2007 – March 2012). Unlike conventional sources, renewable energy growth far surpassed pre-defined targets. The 11th five-year plan proved a golden period for the development of renewableenergy sector. The installed capacity increased by more than 350% during the 11th five-year plan. As on March31, 2012, the total renewable installed capacity reached to 24.5 GW from 6.8 GW in March 31, 2007. This trendwill continue for at least the next decade as the government is committed to increasing the size of the renewableenergy share in India’s power generation mix due to energy security and environmental concerns. This will helpto bridge the demand- supply gap and will also support India’s growing economy.

Scope

The report provides insight to the renewable year growth in recent years, current status and futureprospective. The report provides the following information -

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o The government’s planned expenditure along with the expected growth during 12th five year plan (2012-2017) for various renewable energy technologies

o It projects market growth during 13th five year plan (2017-2022) for various renewable energysources.

o It identifies the drivers of the growth and the challenges; where governments should work tomake the growth more streamlined.

Reasons to buy

o The report provides insight to the renewable year growth in recent years, current status andfuture prospective.

o The report covers the government’s planned expenditure along with the expected growth for various technologies during 12th five year plan (2012 -2017) .

o It also projects market growth during 13th five year plan (2017 - 2022).o The report identifies the drivers of the growth and the avenue where government has to more

to make the growth path more streamlined.