Home > global solar industry, Indian solar industry, Indian solar/PV industry, IREDA, Jawaharlal Nehru National Solar Mission, MNRE, NSM, NTPC Vidyut Vyapar Nigam > Solar PV industry recommended to stay optimistic; US govt. supports India’s clean energy initiative!

Solar PV industry recommended to stay optimistic; US govt. supports India’s clean energy initiative!

November 9, 2011

Solarcon India 2011 started today in Hyderabad, with Jim Brown, president, Utility Systems Business Group, First Solar Inc., stating that the global solar PV industry is in a bit of the state of turmoil. Some are driven by pure supply-demand. He recommended the industry to be strategically optimistic. He cautioned that not everyone who’s playing in this field, will go on to survive the next two to three years. First Solar reiterated its optimism regarding its own prospects in the industry.

Dr. Bharat Bhargava drives home a point!

Dr. Bharat Bhargava drives home a point!

Commending Solarcon as a flagship event for the Indian solar PV industry, Dr. Bharat Bhargava, director – Photovoltaics, Ministry of New & Renewable Energy, Government of India, said that the policies and programs started by the Indian government are now yielding results. The Jawaharlal Nehru-National Solar Mission has seen the participation of the industry, the academia and the funding agencies, showing that the success of the program lies in the hands of the people involved.

When the Indian solar PV industry started, the country was said to have only 2MW.  By the end of October this year, India had 125 MW. By 2013, it will likely reach 2GW, according to Dr. Bhargava.

He apprised the audience regarding the REC (renewable energy certificate) program. Initially, the REC was for three years, but was later extended to five years. As of now, experts are consulting to enable it to increase to seven years. He estimated that the Indian solar PV industry might even go up to 100GW, instead of 20GW, and encouraged everyone to work together and make this happen.

Francisco J. Sanchez, Under Secretary of Commerce for International Trade, USA, stated that a lot of excitement is in the air! “We are

Francisco J. Sanchez shows commitment to Indian solar PV industry.

Francisco J. Sanchez shows commitment to Indian solar PV industry.

committed to India and its solar industry. There are opportunities to do big things in this industry.” He added that solar has achieved a triple bottom line.

According to Sanchez, the solar industry is  worth $17 billion in India and it is growing. India is spending $19 billion by 2022 to produce 20GW of solar energy. There will be a lot of engineers, manufacturers, etc., who can monitor and contribute to the growth of the industry. He advised that India will need to add 150GW of capacity over the next five years. Therefore, India is well placed to seize opportunities with trade partnerships.

He said: “The US government fully supports India’s clean energy initiative. There is an abundance of opportunities in solar. We can achieve much more in partnerships. We are committed to working with you. It is a huge opportunity for both countries.

“Some of the obstacles include repositioning for success, where companies indulge in unfair trade practices. When the market is open for competition, it creates thousands of jobs, and the market is growing quickly, helping many. It is all about chance and choice. We have a chance to build a great industry. We need to work together in partnership and share value. We will work together for the good of India and its consumers. We hope that India will take the same approach. India now has the chance to build an exciting industry for the future.”

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  1. Tyson Norment
    December 9, 2011 at 4:09 am

    WONDERFUL Post.thanks for share..extra wait!

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