India’s March Towards Energy Self-Reliance
Applied Materials recently participated in the Renewable Energy India 2011 Expo – a global platform, aimed at synergizing policy initiatives and innovative finance models to accelerate the development of collaborative research and development and technology transfers in renewables in India.
At the expo, Applied Materials announced a wafering deal that was recently signed with Birla Surya Ltd., a venture of the Yash Birla Group to develop the first ever Wafering and Cell manufacturing facility in Satara, Maharashtra. Additionally, company executives met with various potential customers and gave remarks.
Dr. Charlie Gay, President of Applied Materials’ Solar division and Hansjörg Kranz, Sales Director EMEA & India, gave key note speeches focusing on the role of solar power in India and the profound change it’s undergoing.
India has a unique competitive advantage because vertical integration all the way to end markets can scale locally and grow globally. Rural markets for village electrification, telecommunications and efficient water pumping are now being extended to grid-connected power systems as a direct consequence of the Jawaharlal Nehru National Solar Mission (JNNSM). The mission’s goal of deploying 20,000 MW of solar power by 2022 provides not only an opportunity for industry growth but for long term policy continuity, which is absolutely essential for stable, predictable industry growth. In fact, some estimates indicate that the Indian photovoltaic (PV) industry could scale to nearly 65,000 MW in the coming decade, which is equal in scale to the total installed base of today’s PV industry.
The PV industry in India is also growing deep and wide. There are about 15 cell manufacturers, over 20 module producers and in excess of 50 installation companies. These businesses represent a solid foundation for additional growth.
The Renewable Energy India Expo, held August 10-12, is a one stop window into the future of renewable energy in India. The tremendous turnout of over 500 exhibitors reflects the dynamic opportunity that India offers today. The event brought together the world leaders in the field of renewable energy panning across governments, civil society, and the private sector to provide an interactive forum to discuss and exchange visions, experiences, and solutions for scaling and mainstreaming renewable energy to achieve sustainable economic growth.
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