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The global demand for energy is currently growing beyond the

limits of installable generation capacity. reliability must be improved.

To meet future energy demands efficiently, energy security and

Of the many available renewable sources of energy, solar energy is

clearly a promising option as it is extensively available.

Solar power, especially as it reaches more competitive levels with

other energy sources in terms of cost, may serve to sustain the lives of millions of underprivileged people in developing countries. developing countries.

Solar energy devices can benefit the environment and economy of

The complete installed capacity details as per the Central Electricity Authority(CEA) is given below

Ministry of New and Renewable Energy(MNRE) updates the details of the total grid-interactive installed capacity. It has released the latest numbers. The details are as given below.

The Central Electricity Regulatory Commission(CERC)

released the new benchmark capital cost for Solar PV plants on 25th October 2012. The cost has been reduced to Rs. 8 Crores/MW(~$1.5 Million/MW) for the year financial year(FY) 2013-14.

In the not so distant past, i.e., for the FY 2009-10, the

benchmark cost was Rs. 17 Crores/MW which represents an astonishing 53% drop during the period. The capital costs and the breakup as notified by CERC for the last few years are given in next slide. (The cost breakup for FY 2009-10 is not available with us).

The corresponding levelised tariff for the year is given below.

As expected, PV module prices have dropped to a third of

the base year(2010-11). Inverter prices also have dropped at a slightly higher rate. The other item to fall is the expense related to the services. What is interesting is the fact that the price of everything else(land, civil, electrical works, mounting structures) have gone up. The table above shows the share of each item as a percentage of the total capital cost.

The graph below sums it up quite well. The share of PV Modules and inverters together now is about 50%, down from 72% in 2010-11.

Indian Solar PV Industry Status and Current Trends

The Indian Solar PV Industry is at a very nascent stage in


With the announcement of the Jawaharlal Nehru

National Solar Mission (JNNSM) in 2010 and the mandates for local content requirement provided in the guidelines of the JNNSM has given a big push for the growth of the solar PV industry in India.

The Solar policies of the various states like Gujarat,

Rajasthan, Karnataka and the a few other upcoming state policies are also expected to create significant demand for solar PV industry.

Silicon Crystalline Technology Mono Crystalline PV Cells Multi Crystalline PV Cells

Thin Film Technology

Amorphous Silicon PV Cells

Poly Crystalline PV Cells

Comparison Table between Thin Film, Monocrystalline and Polycrystalline Solar Cells

At present, the share of renewable energy is less then

approx 12%. In which ,most of the generation is through wind. Solar PV technology has improved and their costs have reduced. And there is a high prospects for Solar power in India.