Global Concentrated Solar Power Industry Report 2010-2011 HighRes (2)

8/2/2019 Global Concentrated Solar Power Industry Report 2010-2011 HighRes (2)

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2010 EMERGING ENERGY RESEARCH, LLC.All rights reserved. Reproduction of this publication inany form without prior written permission is strictlyforbidden. The information contained herein is fromsources considered reliable but its accuracy andcompleteness are not warranted, nor are the opinionsand analyses which are based upon i t.

Asia Pacific RenewablePower Advisory

Market Brief

India Solar: TheDawn of anEmerging Market

10 August 2010

Priya Barua

+1 617 551 8587

[email protected]

ID# APRP 825-100810

Photo Source: Viajar24h.com


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Page 2Asia Pacific Renewable Power Advisory APRP 825-100810

India Solar: The Dawn of an Emerging Market

Summary

Indias emergence as an opportunity for the PV and CSP solar markets has largely been driven by incrementalnational and state regulatory policies to achieve a national target of 20 GW of solar by 2022. However, near-term activity remains uncertain due to regulatory and financial risk

To build upon the paltry 13 MW of solar installed to date, the National Solar Missions aggressive three-phased schedule has attractedas much as 5.6 GW of planned projects. Phase 1 (2013) 1 GW; Phase 2 (2017) 4 GW to 10 GW; Phase 3 (2022) 20 GW(cumulative)

The Ministry of Renewable Energys (MNRE) 2008 pilot scheme for 50 MW of grid-connected solar sparked a surge of developmentinterest that has transitioned into a more robust program, including a 25-year national feed-in tariff (FIT) through the Central ElectricityRegulatory Commission (CERC), a mechanism for bundling solar energy with coal through National Thermal Power Corporation(NTPC), solar-specific Renewable Purchase Obligations (RPOs), and a Renewable Energy Certificate (REC) mechanism

At the state level, Maharashtra, Rajasthan, Gujarat, and Tamil Nadu have implemented FITs that are expected to increase insignificance with July 2010 caps on national tariff utilization for PV (


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Summary (continued)

Solar PV technology is expected to dominate the solar industry through 2015 due to its more rapiddeployment, size and siting flexibility, and domestic manufacturing presence

Nearly 85% of Indias solar pipeline projects utilize PV technology, but CSPs value is expected to emerge beyond 2015 with cost

improvements and technology demonstrations (e.g. dish engine, central receiver, storage). Furthermore, Indias high demand forpower, heavy coal usage, and limited gas resources make CSP a potential longer-term option for hybrid plants and industrial steam

The impact of Applied Materials decision to discontinue supplying its amorphous silicon (a-Si) Sunfab line has yet to be seen, butSignet Solar (which has filed for bankruptcy), KSK Surya Photovoltaic Venture (KSK), and Moser Baer each have outstanding Indiamanufacturing capacity agreements for 900 MW, 150 MW, and 40 MW, respectively

2010 announcements by ACME Energy Solutions (46 MW) and SunBorne Energy (50 MW) in Gujarat to deploy PV rather thaninitially planned central receiver (eSolar) and parabolic trough technology, respectively, signal CSP technologys challenge in thecost-driven and riskier India market. Abengoa Solar has adapted its strategy to supply industrial steam CSP technology to localdevelopment partner Maharishi Solar


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Contents

Solar Development Forecasts

Regulatory Environment

Project Development

Manufacturing Landscape

Value Chain Analysis

Company Profiles


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Solar Development Forecasts: India Outlook

EERs base-case scenario highlights the significant challenges facing India solar build-out, with only36% of the 2022 Solar Mission target being achieved under current market conditions

0

5,000

10,000

15,000

20,000

25,000

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

MW

Solar Mission Target EER CSP Forecast (base case scenario) EER PV Forecast (base case scenario)

Total Announced Solar Pipeline:

PV: 4,800 MW CSP: 900 MW

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

Solar Mission Targets 1,000 10,000 20,000

EER CSP Forecast(base-case scenario)

0 0 25 50 75 100 200 300 400 500 600 700 800

EER PV Forecast(base-case scenario)

23 53 93 293 493 993 1,493 1,993 2,793 3,593 4,393 5,393 6,393

Note: EER scenario forecasts are sourced from our 26 May 2010 Global Renewable Power Generation Forecasts: 2010-2025Source: IHS Emerging Energy Research


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Solar Development Forecasts: India Outlook

Aggressive solar targets reaching 20 GW by 2022 haveattracted global players looking for less saturated

markets and domestic players interested in tappinginto this market

Government desire for India to become an industrialmanufacturing base to the CSP and PV solar sectors

Attractive national feed-in tariffs and state-levelinitiatives to entice development activity

High-solar-resource availability, accessible solarresource zones

Very high domestic power demand and inability tomeet these energy needs through other energyresources (coal, limited natural gas)

Demand for flexible power generation technology thatcan operate at utility-scale or in a distributed settingto offset infrastructure challenges

Financial risks: Difficulty attaining financing/equityinvestors; high cost of capital (10% to 13%); inherent

market risks associated with operating in India

Unpredictable long-term regulatory environmentassociated with feed-in tariffs and renewabledevelopment funding

Heavy fragmentation across the value chain indicatesthe more speculative nature of the Indian market

Lack of existing CSP technology knowledge

Delays in project allocations and permitting,

particularly for projects under the National SolarMission

Inadequate infrastructure for centralized power

InhibitorsDrivers

To meet the India Solar Missions aggressive targets, regulators, developers, and investors must

overcome significant hurdles across the value chain, including technology costs, permitting, gridinterconnection, and bankability


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Contents



Project Development



Company Profiles


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To date, on-grid solar development capacity in India is


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Regulatory Environment: Solar Generation Policy

National Grid-Connected Solar Incentive Mechanisms

Solar Power Plants (PV: 100 kW)

Duration: 25 years Applicability: 100 kW 2 MW); 10 MW (


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Regulatory Environment: State Policy for Grid-Connected Solar Generation

IPPs 45%

State-Level Feed-in Tariffs

1

2

3

6

4

5

# State State Incentive Details

1 Rajasthan

Duration: 25-year levelized feed-in tariff PV: Rs.15.32/kWh if commissioned by March 2012 CSP: Rs. 12.58/kWh if commissioned by March 2013

Target: 60 MW RPO target; projects allocated: 66 MW

2 Gujarat

Duration: 25-year tariff; split into years112 and years1325 PV: Rs.15/kWh and Rs.5/kWh if commissioned by December 2011 CSP: Rs. 11/kWh and Rs. 4/kWh if commissioned by December 2011 Minimum project capacity: 5 MW Target: 500 MW installed capacity ceiling; to date, state government has

allocated 716 MW of solar

3 Maharashtra

Duration: 25-year levelized feed-in tariff PV: Rs. 17.91/kWh if commissioned by March 2012; minimum project

capacity: 3 MW Rooftop PV: Rs. 18.41/kWh if commissioned by March 2012 CSP: Rs. 15.31/kWh if commissioned by March 2013 Mandated 6% power procurement through renewables (FY 20102011), 1%

annual escalation

4 Tamil Nadu

Duration: 25-year PV tariff: Rs. 18.45/kWh Project capacity: 1 MW to 3 MW 80 MW installed capacity cap No CSP incentives have been announced

5 Karnataka

Karnataka Electricity Regulatory Commission is currently determining tarifforder for grid-connected solar

Karnataka Power Corporation has a target of 100 MW of solar power projectsin partnership with the private sector

6 West Bengal Plans for 110 MW of ground-based and 5 MW of rooftop solar power by 2013

7 Andhra Pradesh 2 GW solar city proposed, but no state-level tariffs announced

State with solar feed-in tariffs

7

To date, state-level incentives have been overshadowed by the higher national tariffs, but theirimportance has been elevated by the recent announcement of restrictions on national PV tariffs

Source: IHS Emerging Energy Research

I di S l Th D f E i M k t


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Contents



Project Development



Company Profiles



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Project Development: Solar Development by State

Pipeline/proposed projects

Installed projects

3 MW; 3 MWunder construction

5 MW

2,000 MWproposed

1 MW

716 MW

66 MW

2 MW 1 MW Delhi0.2MW - Haryana

3 MW; 115 MWproposed

230 MW

3 MW

0.85 MW

Solar Resource Map and Project LocationsBreakdown of Proposed Projects By SolarTechnology

0

500

1,000

1,500

2,000

2,500

Unknown

PV

CSP

Notes: 6 GW Clinton Climate Initiative: 3 GW in Gujarat ; 3 GW in Rajasthan not includedSource: The Energy and Resources Instit ute (TERI), IHS Emerging Energy Research

MW

At this early stage, the 4.8 GW of pipeline projects do not correlate with solar resources, but are ratherdriven by existing developer networks and increased state government initiatives. Additional Solar

City programs have sparked a large pipeline of projects in Andhra Pradesh and Orissa

Solar Target



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Project Development: Solar PV Development by Company

Installed PV Capacity, Systems >100 kW

Total installed solar capacity to date is comprised of only PV, andstands at about 1% of the 1 GW target for 2013

Installed capacity includes Moser Baer 1 MW thin film project inMaharashtra, and Reliance Industries 1 MW of rooftop PV in Delhi

Over 60% of pipeline PV capacity is being developed by Belgium-based Enfinity and its Indian partners Videocon Industries and TitanEnergy Systems

While more than 50 players (domestic and foreign) have pipeline PVprojects, bank requirements for demonstrated experience in PVinstallation have attracted European companies

0

1

2

3

4

5

6

7

TitanEnergy

Systems

PhotonEnergy

Systems

AzurePower

MoserBaer

RelianceIndustries

Others

MW

LakshwadeepUttar Pradesh

West Bengal

Delhi

Karnataka

Maharashtra

Haryana

Punjab


0

50

100

150

200

250

300

350

400

450

500

MW

Domestic Player Foreign Player Foreign Domestic JV

Total Capacity: 4,828MW

Includes 29 players(domestic and

foreign) withcombined project

capacities


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0

50

100

150

200

250

300

MW

Domestic Foreign Foreign - Domestic JV


Project Development: CSP Development by Company

Proposed CSP Pipeline by Developer

Total Capacity: 840 MW

Note: Capacity includes specific project announcements; 6 GW proposal from Clinton Climate Initiative has not been included; NTPC: National Thermal Power CommissionSource: IHS Emerging Energy Research

Includes 5 domestic playerswith 10 MW and 15 MW project

capacities

Company(Technology)

Development Details

Abengoa Solar(Parabolic Trough)

40 MW proposed solar thermal power plant in Gujarat. Projectallocated by Gujarat Energy Development Agency

Partnered with Maharishi Solar to expand their productofferings from PV to solar thermal technologies for industrialsteam applications

Areva Renewables(Linear Fresnel)

Negotiating with developers to set up 50 MW solar thermalpower plants using Linear Fresnel technology acquired fromAusra

eSolar

(Central Receiver)

Exclusive license with ACME Energy Solutions to construct 1GW of CSP capacity by 2020

ACME has 5% stake in eSolar However, ACME has replaced its originally planned 46 MWplant in Gujarat with PV

MAN SolarMillennium(Parabolic Trough)

Partnered with Suryachakra Power to develop 300 MW of solarthermal power plants

Infinia(Dish Engine)

10 MW feasibility study to supply Dalmia Cement with solarsystem to be located Jodhpur, Rajasthan

Dalmia Group plans to develop 400 MW of installed capacity inthe next five years

Due to the lack of local CSP experience, poor transmission infrastructure, and bankability, centralizedCSP generation will be slow to scale. However, hybrid plants in conjunction with domestic industrial

manufacturing and supply chains (e.g. steel, turbines) offer longer-term opportunity beyond 2015

Foreign CSP Players Active in India

Cancelled: Convertedto PV

Cancelled 46 MW (notincluded): Convertedto PV



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Contents



Project Development



Company Profiles



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Manufacturing Landscape: Solar PV

Annual Production Capacity of Top Five Domestic PVComponent Manufacturers

Manufacturing facility

Planned facility

Company Technology/Products Annual Capacity

Polysilicon, Ingots, Wafers,Cells, Modules

1 GW

*Thin film (a-Si) modules

3 facilities of300 MW each

** Thin film (a-Si) cells 150 MW

Companies Planned Solar PV Manufacturing Facilities

Operating Facilities

The manufacturing landscape is 70% dominated by large players with sufficient module manufacturingcapacities to meet the initial 500 MW PV target. However, there is currently no domestic manufacturing

presence in upstream components

Note: *Filed for bankruptcy; **Signet Solar, Moser Baer, and KSK planned to use Applied Materials Sunfab a-Si line, which has been discontinuedSource: IHS Emerging Energy Research

0 100 200 300 400 500

Solar Semiconductor

XL Energy

**Moser Baer Photo

Voltaic

TATA BP Solar

Titan Energy Systems

Indosolar

MW

Modules

Cells

Cell Expansion plans

Module Expansion plans

http://www.energetica-pv.com/index.php?id=74&L=1


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Manufacturing Landscape: India Domestic Content Requirements

Domestic Content Requirements

BULGARIA

AUSTRIA

CZECH

REPUBLIC

Analysis

0

200

400

600

800

1,000

PV CSP

MW

Modules Cells Domestic

Domestic content requirements will force leading suppliersMoser Baer and Tata BP to expand their manufacturingcapacity, as both companies export as much as 70% of currentsupply to Europe

The requirements will likely attract foreign players, particularlywith more transparent demand-side incentives

If no local content is available (e.g. inverters), foreign importsare allowed

To bolster local content, the national government has set atarget of 5 GW of installed capacity by 2020, including dedicatedmanufacturing capacities for 2 GW of poly-silicon

The 30% requirement for CSP will draw upon Indias low-coststeel, cement, and construction sectors rather than in-countrytechnology that will likely be imported from Europe and the US

Manufacturing Incentives: Special Incentive Package Scheme(SIPS) for solar PV cell and module manufacturing

Special Economic Zones: Income tax exemption for 15years; allows 100% FDI investment in manufacturing

Taxes/duties: Zero import duty for capital equipment andraw material and excise duty exemption

Makes importing solar cells more economical for Indianmodule manufacturers than buying from Indian cellproducers

12.8% duty on manufacturing component imports for

cells/modules vs. zero duty on completely built modules

PV:

Domestic modules mandatory for 150 MWawarded by March 2011 and commissioned byMarch 2012

Use of domestic cells and modules mandatory for350 MW awarded by March 2012 andcommissioned by March 2013

While there is currently sufficient domestic manufacturing capacity to meet market demands, theexport market has thus far proved to be a more lucrative market until India demand scales


CSP:

30% local content requirement for 500MW of capacity awarded by March 2012and commissioned by March 2013

1 GW 2014 Target for Phase 1 ~500 MW of PV ~500 MW of CSP



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Contents



Project Development



Company Profiles



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Cells Modules Development EPC/O&M Financing/Ownership

Indosolar

Maharishi Solar Technology

Webel SL Energy Systems

XL Telecom

Solar Semiconductor Solar SemiconductorCentral Electronics Ltd. (CEL) CEL

Lanco Solar Lanco SolarBharat Heavy Electricals Ltd.

(BHEL)BHEL/Suniva BHEL Titan Energy Systems Karnataka Power (KPCL)

Moser Baer Moser Baer, SunEnergy EuropeMoser Baer, IFC, Mahagenco,

Tamil Nadu Energy DevelopmentAgency, Omax Autos

TATA BP Solar TATA BP Solar TATA BP Solar, North Delhi Power

Photon Energy Systems Photon Energy Systems , Conergy Karnataka Power

Suniva Reliance Industries

Suniva Suniva/Titan Energy SystemsTitan Energy Systems, Suniva,

EnfinityTitan Energy Systems

KPCL, West Bengal Green EnergyDevelopment Corporation, Power

Finance Corporation

Resun Energy/Juwi Solar

IBC, Suntech Power, Yingli,Sulfercell, Kaneka

Refex Energy/IBC Solar Refex Energy

Videocon Industries/Enfinity

SunPower/Enterprise BusinessSolutions

Punjab Energy DevelopmentAgency

Fidelis Energy/Esar solar Fidelis Energy Empres Voss Capital

Suntech, EY Solar Group Azure Power (also has partnership with SunEdison)Azure Power, Helion Venture

Partners, Foundation Capital, IFC

Masdar PV Astonfield Renewable Resources Belectric Astonfield Renewable ResourcesICE Solar (American Capital

Energy and MSM Energy

IREDA, Power FinanceCorporation, State Bank of India,

Punjab National Bank, ICICI, WorldBank, Asian Development Bank,

Kfw

g g

Value Chain Analysis: Solar PV


Domestic PlayerDomestic-Foreign PartnershipForeign Player



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g g

Value Chain Analysis: CSP

Technology ProviderTechnologyIntegrator

Development EPC/O&M Financing/Ownership

Abengoa Solar

NTPC

Adani Power Ltd.

Electrotherm Ltd.

Welspun Urja Ltd.

Cargo Motors

GRD Power Private Ltd.

eSolar ACME Energy Solutions

MAN Solar Millenium Suryachakra Power/MAN Solar MillenniumAndhra Pradesh Central Power

Distribution CompanySunBorne Energy Technologies General Catalyst Partners

IREDA, Power FinanceCorporation, State Bank of India,

Punjab National Bank, ICICI,Asian Development Bank, Kfw,

World Bank

With the exception of Abengoa Solar, no solar players have capabilities across the entire value chain.Indias complex permitting and project development demands will bolster partnerships between local

developers and foreign technology players


Domestic PlayerDomestic-Foreign PartnershipForeign Player



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g g

Contents



Project Development



Company Profiles



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PV Strategy Key Points

Plans to invest US$125 million inmanufacturing facilities for solar PV cells inFY 20102011

Commissioned first 1 MW a-Si thin filmsolar plant in Chandrapur, Maharashtra inApril 2009 as an EPC provider

Announced further plans to commission a5 MW solar farm in Tamil Nadu andRajasthan

Company Profiles: Moser Baer Photo Voltaic Limited

Company Profile

Presence Across PV Value Chain

Modules

Development

Ownership

DevelopmentSupply

Moser Baer Photo Voltaic Limited (MBPV) and PV Technologies India Limited (PVTIL) are subsidiaries of MoserBaer India Ltd. The companies were launched between 2005 and 2007. Moser Baer India has leveraged its corecompetencies in high volume manufacturing of optical media products to create a world-class photovoltaicmanufacturing facility in India.

Moser Baer PV has a current production capacity of 90 MW (crystalline cells), 90 MW (crystalline modules), and50 MW (thin films). As part of its expansion plans, Moser Baer plans to increase the crystalline silicon capacity ofits PV business from 140 MW to 240 MW in a two-phase process: crystalline silicon capacity additions and then acombination of crystalline silicon and thin film (a-Si). Moser Baer planned to use Applied Materials Sunfab line,which has been discontinued for new clients. The company also has an initial capacity of a few megawatts inconcentrated PV

Moser Baer has a significant equity stake in Solaria, a minority stake in Stion Corporation, an agreement withSolfocus for exclusive distribution rights of Solfocus CPV panels in South Asia, and an alliance with Skyline Solar

Wafers

Cells

Silicon

Year Established 20052007

ManufacturingFacility

Greater Noida, UttarPradesh, with plans forexpansion in Tamil Naduand Andhra Pradesh

ProductsManufactured

Cells Modules ConcentratedPV

PV Technologies c-Si a-Si

Installations Ground-mounted Rooftop



India Solar: The Dawn of an Emerging MarketC P fil S l S i d


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Motech Industries (Taiwan) recentlysigned a cell supply deal with SolarSemiconductors

Announced plans to develop 300 MWpower projects in California and Ontaria,Canada in partnership with Conex Energy

PV manufacturing facility planned inOntario, Canada

Company Profiles: Solar Semiconductor

Company Profile


Modules

Development

Ownership

DevelopmentSupply

Solar Semiconductor is a vertically-integrated, full-service systems provider. The company also manufactures PVmodules and cells. The company offers PV solutions, products, and services to worldwide markets including theAmericas, Europe, Asia, and Africa. Solar Semiconductor specializes in turn-key, grid-connected solar power andcaters to off-grid applications. The company was established in Sunnyvale, California, US, and has offices in the

US, Canada, and Dubai, with manufacturing operations in Hyderabad, IndiaSolar Semiconductor has an overall annual module manufacturing capacity of 195 MW. It has orders to supplyPV modules to large players in the global solar market including Q Cells AG, IBC Solar, ersol Solar Energy, andMotech Industries

Wafers

Cells

Silicon



Fabcity in Hyderabad andKompally, Andhra Pradesh


Modules

PV Technologies c-Si (mono and multi)

Installations Ground-mounted androoftop


India Solar: The Dawn of an Emerging MarketC P fil TATA BP S l


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Company targets a cumulative

manufacturing capacity of 300 MW by2010

Entered into a development partnershipwith NXP Semiconductors, theindependent company founded by Philips,to develop various electronics controls tobe released in the market in 2010

Company Profiles: TATA BP Solar

Company Profile


Modules

Development

Ownership

DevelopmentSupply

TATA BP Solar, a joint-venture between BP Solar (51%) and TATA Power Company Limited (49%), has been inthe Indian solar industry since 1989. The company manufactures solar PV cells (mono- and multi-crystalline),modules, products, and turnkey systems. TATA BP Solars manufacturing facilities for solar PV and solar thermal(hot water) products are in Bangalore, Karnataka, India. The company exports more than 70% of its products toGermany, Spain, and the US

TATA BP Solar has added a new production line of 32 MW of solar PV cells at its plant in Bangalore, which bringsthe total cell manufacturing capacity to 84 MW. It also has a module capacity of 125 MW. It has an expansionplan to realize a manufacturing capacity of 300 MW by 2012. Domestically, the company has primarily servedthe off-grid solar market, but wants to position itself to service the new market opening up in the context of theNational Solar Mission with additional cell capacity

Wafers

Cells

Silicon



Bangalore, Karnataka


Cells Modules PV products Turnkey systems

Installations Ground-mounted Rooftop

PV Technologiesc-Si (mono and multi)



India Solar: The Dawn of an Emerging MarketC P fil Tit E S t


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TITAN is planning to expand its moduleproduction to achieve a manufacturingcapacity of 500 MW

Titan Energy Systems and Enfinity havepartnered to construct 1 GW of PVinstallations on 3,000 acres of land inAndhra Pradesh in the next five years

Company Profiles: Titan Energy Systems

Company Profile


Modules

Development

Ownership

DevelopmentSupply

Titan Energy Systems (TITAN) was established in 1991 as one of Indias earliest solar system integrationcompanies catering to the off-grid systems market. In 1995, TITAN established PV solar module manufacturingwith an annual capacity of 3 MW. In 1999, TITAN began exporting crystalline solar modules to Schott Solar inGermany. The company later expanded its production capacity and established itself as the only Indianmanufacturer to offer modules that use crystalline, amorphous silicon, and CIGs technologies

TITAN sources mono- and multi-crystalline solar cells from Schott, Motech, Suniva, Q-Cells, Ulbrich, STR,Krempel, and Madico. Today, TITAN has a 100 MW manufacturing facility in Hyderabad, India. Its globalcustomers include Scatec Solar, Enfinity, Schott Solar, and Genyal

TITAN also undertakes design, construction, operation, and maintenance of grid-connected and off-grid solarsystems on a turnkey basis for end customers in India. In 2009, TITAN was the EPC contractor for Indias firstMW-scale, grid-connected solar power plant in West Bengal and currently has over 1 GW in pipeline projects

Wafers

Cells

Silicon



Hyderabad,Andhra Pradesh


Modules

Installations Ground-mounted

Rooftop

PV Technologies c-Si (mono and

multi) a-Si, CIGs



India Solar: The Dawn of an Emerging MarketCompany Profiles XL Energy


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Installing 120 MW/year crystalline cellmanufacturing capacity. Facility expected tobe operational in 2010

Expanding overall annual modulemanufacturing capacity by 40 MW for totalcapacity of 232 MW

Company Profiles: XL Energy

Company Profile


Modules

Development

Ownership

DevelopmentSupply

XL Telecom and Energy, established in 1992, has decided to be a core player in the energy sector and hasrecently dropped Telecom from its focus and name. The company has partnerships with Kyocera and Corning

XL Energy has an annual module production capacity of 192 MW, with plans for expansion. The company signeda five-year contract with Mola Solaire Produktions GmbH for the supply of 125 MW of multi-crystalline and mono-

crystalline solar wafers, which expires in 2013. XL Energy exports most of its modules to Europe. Major clients inEurope include Isolux, Epifanio, Digrun Solar, LT Trade Intl., and Mandik Corporation. Clients in India includegovernment agencies and private sector companies

XL Energy has decided to focus on grid-connected solar, and entered into a joint venture with EPC player SDEMTEGA S.A. (Spain) in May 2010 to target solar project development in emerging markets, including 500 MW ofcapacity in India

Wafers

Cells

Silicon



Hyderabad,Andhra Pradesh


Modules

InstallationsGround-mounted and

rooftop

PV Technologies c-Si



India Solar: The Dawn of an Emerging MarketCompany Profiles: Other PV Players


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Company Technology Current Capabilities Expansion Plans

Cells, Modules

Supplies solar PV and solar thermal products.Bharat Heavy Electricals Ltd (BHEL) develops solarPV stand-alone, grid-connected, and hybrid powerplants on a turnkey basis

To be announced

Cells, Modules,PV Systems

CEL is a public sector enterprise under the Ministryof Science & Technology, with an objective tocommercially exploit indigenous technologiesdeveloped in India. CEL installed and commissionedIndias first 200 kW SPV roof top power plant in

Manesar, Haryana

Plans to achieve full PV production capacity of12 MW annually through better productionmanagement and to expand capacity further.Plans to develop BIPV modules (particularlyrooftop) for domestic and export markets

Cells

Manufactures poly-crystalline solar PV cells. Wasformerly known as Robin Solar Private Limited. Hastwo fully operational lines, each producing 80 MWannually with an average efficiency rating of 16+%,peaking at 17.2%. SCHMID GMbh provides

technology on a turnkey basis

Plans to increase its production capacity to 260MW by 2011

Cells, Wafers,Modules

Lanco Solar operates as a subsidiary of LancoInfratech Limited, one of Indias top businessconglomerates and among the fastest growing

Lanco has plans to build a 120 TPA poly-silicon,ingot, and wafer manufacturing facility in aSpecial Economic Zone (SEZ) in Orissa, India

Cells, Wafers,Modules

Has a vertically-integrated manufacturing facility andis the only Indian company to make multi-crystallinewafers. The company plans to expand itsmanufacturing capacity to 15 MW by 2010

Maharishi Solar has partnered with Abengoa toextend its portfolio to steam and powergeneration for industrial applications throughparabolic concentrators

Currently provides solar products, systems, and

solutions

RIL plans to set up a manufacturing facility for

polysilicon, ingots, wafers, cells, and moduleswith a cumulative capacity of 1GW

Cells, ModulesOne of the fastest growing companies in Indian solarPV industry, with 30% annual growth. Manufacturingcapacity of 42 MW cells and 40 MW modules

Planned manufacturing capacity expansion to120 MW by 2012. Companys focus has beenon mono-crystalline cells, but it is expanding tomulti-crystalline

Company Profiles: Other PV Players


IHS Emerging Energy Research


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IHS Emerging Energy Research

IHS Emerging Energy Research provides analyst-directed advisory services on an annualsubscription basis, providing market intelligence, competitive analysis and strategy advice inresponse to the specific needs of our clients. These services provide value-added support of clientscompetitive and market strategies, and are intended to be interactive, offering clients direct access to

EER experts.

Advisory service clients receive a stream of market and company briefs, ongoing market data andforecast support, telephone inquiry privileges, and regular analyst briefings. While much of thecontent is syndicated, clients also receive ongoing individual support of market assessment andstrategy development needs.

For more information on EERs advisory services, please contact:

US Office700 Technology SquareCambridge, Massachusetts, US 02139

Whitney Van HorneRegional Sales ManagerEmail: [email protected]: +1 617 551 8580Fax: +1 617 551 8481

Spain OfficePaseo de Gracia 47, Planta 2Barcelona, Spain 08007

Paola AlcalaSales Support ManagerEmail: [email protected]: +34 932 726 777Fax: +34 93 467 6754

2010 EMERGING ENERGY RESEARCH, LLC. All rights reserved. Reproduction of this publication in any form without prior written permission is strictly forbidden. Theinformation contained herein is from sources considered reliable but its accuracy and completeness are not warranted, nor are the opinions and analyses which are based upon it.
mailto:[email protected]:[email protected]:[email protected]:[email protected]

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Global Concentrated Solar Power Industry Report 2010-2011 HighRes (2)