Current trends
Solar photovoltaics is the fastest growing area in the energy sector. Of the us $71 billion invested in renewables worldwide in 2007, 30 per cent was in solar pv. According to market analysts, between 2007 and 2011, this industry is poised to grow at a whopping 73 per cent. By March 2007, India had 120 mw of installed pv capacity. However, less than 2.5 mw is generated by grid-connected solar power plants. The rest is generated through stand-alone systems like solar street lighting (about 70,474), home lighting (4,02,938) and solar lanterns (6,70,059).
The government has several schemes supporting and subsidizing various kinds of solar power systems.The emphasis is on encouraging manufacturing and industry rather than on installations as solar pv manufacturing is capital intensive.
Through the special incentive package scheme, the government offers capital subsidies to state-of-the-art semiconductor manufacturing and related units, including solar pv. Eligible semiconductor
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