Feb 9 2010
Research and Markets has released a new market report titled “The Indian PV Market Report.”
Endowed with best solar resources, India has the potential to become one of the largest photovoltaic solar energy markets in the world. The National Solar Mission announced by the Government of India in November 2009 has set a goal to achieve 20,000 MW of total installed solar power by the year 2020. India could see a remarkable growth in the PV market due to significant solar irradiation and favorable feed-in-tariffs.
The aim of this report is to analyze the PV market in India and study in detail the market potential and forecasts for the future. This report provides in-depth analysis of development of the Indian PV market, legislative background, different market segments, and lists all the important stakeholders in the solar PV market.
The photovoltaic solar energy market in India is growing strongly and with best solar resources in the world, the country is poised to become one of the world’s largest solar markets soon. The report published by Solarplaza provides an overview of the Indian PV market, discusses the current market situations and market forecasts.
In India, the cumulative installed solar power is 110 MW and only 3 MW was added in 2008. To achieve the Solar Mission’s target of 20,000 MW by the year 2022, an average 68% year-on-year growth will be required. Taking into account the proposed incentives, the required growth appears feasible. The National Solar Mission will provide clean energy to millions of people in India, while creating thousands of jobs throughout the country at the same time.