The growing photovoltaic market in India

Abstract

Growth of the Indian photovoltaic industry, which produces 58 MWp at present, is influenced by global market trends, owing to the cost of the technology. It is also driven by local government initiatives and policies. The current structure of the market and its various segments is discussed, with the objective of studying the overall growth potential. A growth of 250 MWp in the next ten years is projected, with annual production reaching 35 MWp by 2010. In order to achieve the projected market volume, specific barriers related to technology and market development are identified, and enabling mechanisms are suggested. The Indian experience of barriers to adoption of PV technology, and their removal, are discussed. © 2001 John Wiley & Sons, Ltd.