15 April 2010
Research and Markets report on Solar Energy Markets In India 2010 highlights India's grid-based incentives and concessions in various duties in the recent budget.
India's energy demand is increasing with the robust growth in economy. A steady forecasted growth for the manufacturing sector would need more power generation in the future. The Government of India has put special emphasis on the usage of clean energy by declaring incentives on renewable energy (wind, solar) which will play a major role in India's energy map. Carbon emission reduction in terms of carbon credit will attract lots of investment in the renewable energy industry especially in solar and wind energy.
Key findings in the report indicates why solar energy is significant:
- India is endowed with rich solar energy resource (300 sunny days / year) i.e. Over 5,000 trillion kilowatts of solar energy in a year.
- The average intensity of solar radiation received on India is 200 MW/km square (megawatt per kilometer square).
- Jawaharlal Nehru National Solar Mission (JNNSM) Target of 20GW of Solar Power by 2022. The current installed capacity is only 9500 MW; giving vast opportunity for exploitation of renewable energy sources.
- The Government is striving hard to push the solar power industry to make India a global leader by introducing grid based incentives and concessions in various duties in the recent budget (2010-11).
The report covers the solar energy markets both globally and in India. The technologies are discussed as well as growth drivers, issues and challenges. Central and state government incentives are listed, along with major players, major projects and the outlook for the future.
Companies mentioned include Tata BP Solar, Websol Energy Systems, Ltd., Moser Baer Photovoltaic, Ltd., Titan Energy Systems, Ltd., and Kotak Urja Pvt., Ltd.