Solar Industryin India

Solar Industry In India

Solar Cell and Module manufacture is the main story

Two ways to harness solar power

Solar Power is concentrated and converted to thermal energy which is converted to electric energy

P N P N

Solar Power is converted to electricity using PV (Photovoltaic) effect

Regain Paradise Foundation (www.regainparadise.org)

Solar PV: the Value Chain

Solar ModulesSolar Cells Silicon Ingot Silicon Wafers

This part of the chain is Oligopolistic. Increase in the poly-silicon prices (200% in 2 years) has been a key issue in the industry. Prices have plummeted this year

Regain Paradise Foundation (www.regainparadise.org)

Solar PV Companies in India Company Location(s) Products

Moser Baer PV Bangalore PV modules (both crystalline and thin film – amorphous and CIGS)

Has also invested in Stion (a thin film company), SolFocus (CPV company), Solaria (high efficiency cells)

Titan Energy Systems

Hyderabad PV modules (both crystalline and thin film – amorphous and CIGS) and systems

Photon Energy Systems

Hyderabad Solar PV Modules & Systems . Also Solar thermal products

Solar semiconductors Hyderabad Solar crystalline modules

BHEL Various Solar modules and systems

Companies are playing in the fragmented part of the industry chain with Moser Baer trying to make some serious technology investments

Solar Systems

“solar systems” is really applications! In India the story is largely around smaller

applications

Solar Applications

• Solar Lanterns/Lamps

• Solar Lights

• Solar Thermal

The case for Solar Lanterns/Lamps • 1.6 billion people in the world have no access to electricity:

– 25% of them in India alone

• Products are both handheld and headlamps

Lead to improvement of educational levels

Leads to improved mobility in inaccessible areas

Leads to empowerment of women

How does a solar lantern work?

• Typically consists of: – A rechargeable battery– A photovoltaic solar panel– CFL/LEDs – A plastic body

• It works by: – Solar energy is collected by the panel and the battery is charged– The battery size is typically enough for about 4-6 hour lighting– The light is equivalent to a 40W-60W light

Design innovation in solar lanterns has been largely around the capacity of the panel, the size of the battery, use of CFLs/LEDs to impact usability and life of unit.

How do Solar street lights work?

• Typically consists of: – A photovoltaic solar panel– A rechargeable battery– A charge controller cum inverter– CFL/LED lamp

• It works by: – DC electric current is produced from the panel– The charge control circuit controls the voltage and prevents damage

How does solar thermal work?

It works by: – Solar energy is collected in Collector – Thermic fluid (water or antifreeze) is heated in the adjoining tubes – The fluid can be used directly (if water) or used to heat water in another pipe – The water can be circulated via pumps (active systems) or by gravity (passive)

• Collectors are of two types:– Flat plate collectors (A weatherproofed, insulated box containing a black metal

absorber sheet with built in pipes )– Evacuated Tube (These collectors have multiple evacuated glass tubes which

heat up solar absorbers and, ultimately, solar working fluid)

Companies in India Company Background Location(s) Solar Products

SELCO Promoted by Dr. Harish Hande (IIT KGP) industry pioneer

Bangalore Solar lighting, Solar cookstoves,

D.Light Founded by Sam Goldman and Nedjin Tozun, both Stanford graduates

US, India (Bangalore, China and east Africa)

Solar Lamps

Tata BP Solar JV between BP and the Tata group

Bangalore Solar lighting, solar lanterns, solar water pumps, solar street lights, solar heaters …

Orb Energy Promoted by Damian Miller and NP Ramesh

Bangalore/Singapore

Solar lighting and thermal products

NueTech Solar

A New Ventures India portfolio company

Bangalore Solar Thermal Heaters

Noble Energy Solar Technologies

A New Ventures India portfolio company

Hyderabad Solar Lanterns

MIC Electronics

LED Lighting and Display Systems

Hyderabad LED Solar lanterns

Solar Plants in India:

• Azure Power– Located in Delhi – Helps companies/utilities set up solar plants – Also trying the pwer generation part of the business – Inderpreet Wadhwa, CEO

Investors in Solar in India

• E+Co: – equity and debt in clean energy in developing countries

• The Lemelson Foundation– Donation support/mentoring support

• Good Energies – Investor in renewable energy/energy efficiency

• Acumen Fund• Nexus Capital India• DFJ • The Mahindra Group• Garage Technology Ventures

– Early stage technology fund• Gray Matters Capital

– Emerging market investors

Investors in SELCO

Investors in D.Light

Investors in Solar in India

• Zouk Ventures– Clean energy investing

• The Singh famliy– Founders of New Look, a UK fashion chain

• Helion Investments – Muti sector multi stage investor

• Foundation Capital– US based technology based investor

Investors in Orb Energy

Investors in Azure Power

Solar Financing organizations

• Syndicate Bank • Karnataka Vikas Grameen Bank

Financed purchase of solar units in rural communities