Declining Photovoltaic Module Cost Accelerating the Indian Solar Energy


WASHINGTON, D.C. – June 23, 2015 – (RealEstateRama) — In an energy-starved country like India, there is tremendous potential for increasing the share of solar energy, as the cost of the solar panels has dropped by a whopping 60-70% during the last couple of years. Even the efficiency of the module has increased by 10-15%.This is easing the pressure on the investment for setting up a solar park infrastructure as more than half of the project cost is associated with procuring of solar PV modules. Further this is boosting the Rooftop solar PV installation, where the grid connectivity is not cost-effective.

With the government initiatives and state favorable policies, reduction of PV module price is propelling the sanction of number of solar parks, with an objective of achieving 100GW by 2022.

The report Indian Solar Power Industry Outlook 2020”, by RNCOS, provides an in-depth research and rational analysis of the current status and future growth prospects of the India solar power off-grid and grid market. Besides that, the report exhibits the emerging trend and drivers which are boosting the India solar power market.

Report, thoroughly discusses Indian solar power market by PV installed capacity, market size of application based off-grid solar products and grid based segment growth. Apart from the statistical data analysis, a qualitative data of off-grid and grid based analysis of top solar power generation states is included in the report.

The domestic competition among the players in Indian solar power is intensifying with the days passing by. Thus we have tried to provide the insight of current market scenario and existing competition to our customers in competitive analysis which also covers recent activities by these players. In all, the report presents a comprehensive look at the sector’s present and future scenario.

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