Power News We love to talk!

JUL 13 2016

Solar module efficiency poised to go up

  • Economic Times, ET Bureau / Hyderabad
  • Created: Wed 13th JUL 2016

 

The efficiency of modules is likely to go up by about two per cent over the next two years and it takes about three years on an average for the manufacturing process to fully adapt to the next level of efficiencies, according to Sujoy Ghosh, Country-Head, First Solar India.

Over the past four years, First Solar has improved its solar module efficiency faster than equivalent efficiencies improvements in Poly Crystalline Silicon technology due to continuous investment in R&D spend by the company.

As of February 2016, the company had produced and certified a record cell at 22.1 per cent efficiency and the record module at 19 per cent efficiency, which is higher than the record certified cell and module efficiencies as reported by poly silicon manufacturers today.

In an exclusive interaction with BusinessLine recently, Ghosh said, “India is set to witness much faster adoption of solar PV projects then ever before. As against solar capacity addition of about 2,500-3,000 MW in 2014-15, and 3,300 MW in 2015-16, the target for 2016-17 is likely to be 8,000 MW. The gain will be mainly driven by large installations in South India, particularly Andhra Pradesh and Telangana.”

The decision of the Centre to encourage setting up of solar parks will be one of the key drivers for big capacity addition as the country targets 60,000 MW of utility solar projects by 2022. Already, some 19 States are working towards encouraging solar parks concept. Ghosh said, “We will continue to consolidate and improve our market share.”

Asked about the recent bids where some of the solar companies have quoted below Rs. 45 per unit and going down up to Rs. 4.34 per unit, Ghosh said, “We will have to wait and watch how all these projects go through.”

Solar energy sector

On the consolidation in the solar energy sector, Ghosh said, “Inability to recycle capital contributes to the stagnation in the ability of a development company to keep growing the portfolio.

As the solar sector in India expands and matures, it brings new set of market participants which would be keen to invest in operational or semi-developed assets here initial risks of development, construction , financing and technology are mitigated.

Tags

Andhra Pradesh Telangana Solar Energy Energy Capacity Addition India Solar

Related News

  • Oil companies deny government instructed to absorb fuel hike  Read more
  • S Chakravarty appointed CMD of Eastern Coalfields Ltd  Read more
  • Government issues guidelines for tariff-based wind power auction  Read more
  • NTPC targets 250 BU power generation in current financial year  Read more
  • Startups in India to get Rs 320 cr booster shot, courtesy oil companies, but there is a catch  Read more
  • Standard PPA in respect of Solar Power Plants of 1-3 MW projects of land owners and Institutions, Karnataka  Read more
  • CAG asks DERC for data given by discoms  Read more
  • Cairn India starts Mangala oil recovery programme  Read more
  • Indian power plants find Rs1.2 trillion of capacity has no takers  Read more
  • E-vehicle charging stations to come up every 25 km on Bengaluru-Mysuru highway  Read more