The Indian solar industry is relatively new, holds immense growth potential, and has been generating plenty of interest recently. Almost 980 MW of solar plants were up in the last 2 years. However, of these, many are far from completion. The initial euphoria is gradually fading to reveal the true potential and challenges involved in setting up solar plants in India.
Through this report, it is Frost & Sullivan's endeavor to provide its clients and the industry with fact-based and accurate information and projections, based on research and analysis carried out through interaction with various technology providers, regulating agencies, project developers, and financial institutions; so as to provide a 360-degree perspective on the solar industry. Frost's effort is to update developers, manufacturers, suppliers, and financers about dynamics of the solar industry and risks involved, so that interested entities can make judicious decisions with respect to investing in this market.
The report especially takes a closer look at the Indian solar industry to understand its current challenges and what measures should be implemented for success of not only individual solar plants, but the entire industry. Project financing has been one of the key challenges perturbing both developers and investors equally in this industry. The report provides detailed analyses and insights into the financial sensitivity of both solar photovoltaic (PV) and thermal plants, using financial models for various scenarios. The report especially explains how Renewable Energy Certificate (REC)-based funding mechanism can be a very attractive model for ambitious power developers in the Indian solar industry.
News published on 27 / 07 / 2012 by Bharat Vasandani