This snapshot gives a brief overview of the Indian solar industry.The full report gives an overview of the Indian solar industry, including solar thermal and solar power. In addition, the full report includes a company profile of Tata BP Solar.

1. India's Solar Industry 2011
Industry Snapshot
Slide 1 © Contrium Research GmbH 2012. All rights reserved.

2. The Indian Solar Industry has two main segments
SEGMENTS OF INDIAN SOLAR INDUSTRY
Solar Thermal Solar Power
 The industry is estimated at Euro  The total production capacity is
XXX Mn in 2010-11 XXX MW
 Includes products like:  Includes products like:
 Solar water heater  Solar cells (crystalline & amorphous)
 Street lights  Solar (PV) modules
 Lanterns  Structured industry with only XXX
 Fragmented industry with bulk of manufacturers across the country.
the revenues from solar water Large players include
heaters. Large players include  Tata BP
 Tata BP  Titan Energy Systems
 Emvee Solar  Moser Baer
 Anu Industries
Source: Primary interviews
Slide 2 © Contrium Research GmbH 2012. All rights reserved.

3. The Solar thermal industry is likely to grow at an impressive
growth rate annually
SOLAR THERMAL INDUSTRY – MARKET DRIVERS
 Solar thermal industry likely to grow at XXX annually
 Government to take initiatives for solar usage in India – extensive utilization
of existing energy resources leading to exhaustion fear
 Initiatives by financial institutions for investment, providing monetary to
manufacturers
 Focus on exports
 Large solar water heater manufacturers tend to create export oriented units
 Medium sized manufacturers targeting export licenses
 Increasing awareness for solar energy usage to drive growth – rising
acceptance among industries & urban domestic homes
Source: Ministry of New & Renewable Energy Sources (MNES), primary interviews
Slide 3 © Contrium Research GmbH 2012. All rights reserved.

4. Many Solar Thermal manufacturers are located in
Bangalore
GEOGRAPHICAL PRESENCE OF SOLAR THERMAL MANUFACTURERS
• Aries Industries
• Kaushal Solar
Equipments
• Tata BP Solar
• Anu Industries
Mumbai
• … Pune
Secunderabad
• …
• …
Bangalore • …
• …
• …
• …
Source: Primary interviews
Slide 4 © Contrium Research GmbH 2012. All rights reserved.

5. The Solar Power Industry is likely to grow at a rate of XXX
for the next five years
SOLAR POWER INDUSTRY – MARKET DRIVERS
 The solar power industry is likely to grow at the rate of XXX for the next five years
 Increased awareness in the usage of renewable energy sources, high focus on leveraging
natural resources as potential power source
 India is a power deficit country – government encourages green energy and has several
initiatives to popularize solar power devices
 States like Hyderabad insist on solar power usage
 Government to provide subsidiaries to promote usage, e.g. releasing loans for solar panels and reducing in
per watt tariff
 Falling prices of solar cells and systems over the past
 Total production capacity of the Indian solar power industry was XXX MW in 2011
 Solar cell capacity XXX MW
 Photovoltaic (PV) modules XXX MW
 The industry has XXX solar cell manufacturers & XXX PV module manufacturers
 India contributes XXX% of the global solar power capacity
 Power module manufactures set for expansions
 Titan Energy Systems plans to manufacture XXX MW p.a. by 2013
 Tata BP likely to produce XXX MW annually by 2013
Source: Ministry of New & Renewable Energy Sources (MNES), primary interviews
Slide 5 © Contrium Research GmbH 2012. All rights reserved.

6. Solar Power manufacturers are located across the country
GEOGRAPHICAL PRESENCE OF SOLAR POWER MANUFACTURERS
North
East
• …
• …
• … Noida
Sahibabad
South Kolkata
• Tata BP Solar India Ltd.
(Bangalore)
• … Secunderabad
• … Chittur
Bangalore Future manufacturing units
• …
• …
• …
• …
• …
Source: Primary interviews
Slide 6 © Contrium Research GmbH 2012. All rights reserved.

7. Tata BP is the leading solar power manufacturers in India
OVERVIEW OF SELECTED SOLAR POWER MANUFACTURERS
Activities
Tata BP Solar India  One of the oldest companies in India for solar photovoltaic manufacturing
Ltd.  Designs, engineers, manufacturers and installs PV systems products including solar
modules, water heating systems, lanterns, streetlights
…  …
…  …
 …
 …
Find out more…
…  …
 …
 …
 …
 …
Source: Primary interviews
Slide 7 © Contrium Research GmbH 2012. All rights reserved.

8. Solar photovoltaic market in India at XXX MW in 2011
PRODUCTION VOLUMES PHOTOVOLTAIC MODULES
Estimated Production volume (MW)
Installed
Market
Plant location capacity
share (%)
(MW) (2011) 2009 2010 2011
(2011)
Tata BP Solar Bangalore XXX % XXX 98 134 183
India Ltd.
Find out more…
Source: Primary interviews
Slide 8 © Contrium Research GmbH 2012. All rights reserved.

9. Large photovoltaic manufacturers have announced
investment plans
INVESTMENT PLANS
Capacity Investments
Remarks
(MW) (m€)
Tata BP Solar 300 222 Investments for solar panel manufacturing & solar
thermal products
…
…
…
Find out more…
…
…
Source: MNES, Primary interviews
Slide 9 © Contrium Research GmbH 2012. All rights reserved.

10. The Solar Industry offers several investment opportunities
INVESTMENT OPPORTUNITIES
 Joint ventures
 Numerous companies have entered into JVs with leading global PV manufacturer
 There are no specific conditions laid down by MNES for the formation of joint ventures
 Export oriented units
 It is possible to setup a manufacturing plant as a 100% EOU
 Generally they are permitted duty-free import of raw materials and components
 They are also eligible to sell up to 20% of their production to domestic market
 Technology transfer: Indian PV industry is seeking technology for the
manufacturing of PV modules especially based on their film materials and is
able to offer technology for the manufacturing of silicon solar cells, PV modules
and PV segments
 Technology development: R&D projects are supported by the government at
central / state government research organizations, autonomous societies,
universities, recognized colleges, IIT’s, industries (with suitable infrastructure for
R&D) and NGOs
Source: Primary interviews
Slide 10 © Contrium Research GmbH 2012. All rights reserved.

11. Find out more…
india.anditsmarkets.com
Slide 11 © Contrium Research GmbH 2012. All rights reserved.