EAI India Solar PV Report – Comprehensive, Updated and Insightful
With the National Solar Mission’s ambitious goals of carrying the country to becoming a global leader in the solar PV power generation, a number of businesses in India and outside have been keenly awaiting the final document for the Expression of Interest from the MNRE. It is said that it will be announced by middle of June.
EAI, the leading industry research and consulting company for the Indian renewable energy industry, had earlier in the year published its EAI India Solar PV Report targeted at developers and investors in the solar PV industry. The report was started owing to a specific need in the market for a clear guide that provided an idea not only about the various details of the National Solar Mission and how to benefit from the oncoming revolution in solar PV power generation, but also about the other attractive opportunities along the entire solar PV industry value chain.
I have provided details and key take-aways from the report which has been recently updated. I hope you find the details to be of help.
Hope you find the details to be of use.
EAI - Energy Alternatives India @ www.eai.in
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Summary of the updated EAI India Solar PV Report
- Report Last Updated: May 2010
- No of pages: 142
- Target audience: Those keen on developing or investing in solar PV power plants in India
Key take-aways from the report:
- While a majority of PV cells produced today use crystalline silicon, thin-film based solar PV is expected to grow from its 14% share in 2008 to 31% share in 2013.
- The top three states in India for solar PV potential are respectively Gujarat, Rajasthan and Madhya Pradesh
- Under the Jawaharlal Nehru National Solar Mission (JNNSM), India is expected to reach a total solar installed capacity (both PV and CSP) of 20,000 MW and a total electricity generation of 25-30 TWh per year by 2022.
- The JNNSM has proposed a feed in tariff rate of Rs 17.91 for solar PV power plants with a power purchase agreement for 20 years.
- Currently, the capital cost for a solar PV power plant is about Rs 16 crores per MW, with about 50% of it going towards solar panels, 25% towards inverters and balance of systems, and final 25% towards installation and other infrastructure.
- Capital cost for solar PV power plants is likely to be about Rs 8 crores per MW by 2020.
- Under the National Solar Mission, investors can expect an equity IRR of about 19% and project IRRs of about 15%. The payback period is about 6 years.
- In India, the electricity sector falls under the “Concurrent List”. This means that both the central and state governments are involved in the legislation for the sector.
- A 1MW solar PV power plant can generate about 1.5-1.6 million units (kWh) of electricity per year.
- The levelized cost of electricity production from solar PV is about Rs 14 per kWh (including amortization costs).
- Business opportunities in the solar PV industry go far beyond power plants; these opportunities are present in all three sectors: manufacturing, trading and services. Among these, the largest number of opportunities are present in the manufacturing segment, followed by services.
If you wish to know more about how to purchase the EAI India Solar PV Report, please call Narsi Santhanam ( +91-98413-48117 ) or please send a note @ firstname.lastname@example.org . More details of the report and the complete list of contents available at: http://www.eai.in/ref/reports/solar.html
You can download a free preview of the report from here - http://www.eai.in/ref/services/download.php?name=EAI_India_Solar_PV_Report_Preview.pdf