Executive Summary
Market:
Solar energy market in India is worth USD xx mn
Accounts for less than x% of total installed renewable energy capacity
Government plans to increase the share of renewable energy to y% by 2032
Solar energy is harnessed through either of the two methods
1. Solar Thermal Plant/Concentrated Solar Power Plant
2. Solar Photovoltaic (SPV)
Drivers & Challenges:
Drivers:
Positive Government Policies, entry of new players in polysilicon market, abundant solar radiation in India, export demand of solar equipment
Challenges:
High unit cost of solar energy, volatility in polysilicon prices, and dependence on raw material imports
Trends:
Increase in M&A activity in renewable energy sector
Domestic and international players are moving in solar energy space
Public and private investment have increased in solar energy market
Competition:
Major players
New players
Companies have increased their investment in solar technology
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