Indian economy has been doing better then foreign economies and this can be contributed to many things and India is expected to continue on growing by a lot.

Overview of global solar 

• Power demand growing steadily at 2 percent CAGR

• Expectation of deficit between energy demanded to energy supplied to go into negative by 2027. 

• For installed capacity coal provides more then 50 percent while solar panel is the next biggest

• Peak demand expected to grow at a CAGR of 6.5 percent because of urbanisation and rising temperatures

• In the next 5 years for the capacity to come it is mainly going to be RE energy

• Growth drivers include intensive electrification, GDP growth, transformation capacity expansion and govt push to manufacturing.

• Solar PV capacity has increased by 22 percent

• India expected to double its renewable power capacity with solar panels expected to account for 3 quarters of this growth. 

• Exponential increase in exports                                                                                                                                                                                                                                                                                                                                                                                                                                                              

Indian power sector 

• Very diversified

• Financials of distribution sector are deteriorating

• Operating efficiency has been improved by a lot 

• NIP expects a lot of investments in the power sector in the coming years

• Most of the investments for generations are in renewable energies while most of the transmission an distribution investments are going to go to infrastructure

• China plus one strategy to push growth for Indian exports

Renewable energy sector in India

• Untapped potential is about 90.4 percent for solar

• Solar energy has the highest potential

• Lot of sunshine 

• Growth drivers for solar include decline in module prices, supportive government and favourable technology 

• Solar module accounts for 55 percent of costs an prices dropped by 73 percent

• Government setting solar parks and lots of other help like financing

• Finance is going to be a problem because of the high costs and then high debt to equity ratio

• 2023 saw slower additions in solar energy but solar rooftop energy witnessed better growth

Solar module manufacturing

• China dominates the market with over 75 percent

• Global Solar PV manufacturing capacity increased by 70 percent in 2022

• In 2 to 3 years India is trying to make a solar PV manufacturing business

• 80 to 85 percent of Indias module are improted

They are the largest manufacturer of solar PV modules inside of India and have the second best operating income out of the other solar pv manufacturers. They have a very diverse solar panel portfolio and are using the newest tech which helps with energy lost and efficiency. Their revenue channels are direct sales to utilities and enterprises, exports, retail sales and other revenue from operations. Some of their strengths are largest PV manufacturer in India, extensive pan India retail network and diversified clients global and Indian.