First Solar expects 25% in Indian solar equipment market
US-based First Solar is looking at 25 per cent market share in the coming three years in the Indian solar equipment sector amidst opposition from the domestic solar equipment sector over cheaper imported contents.
The US' largest solar photovoltaic manufacturer is expecting competition from equipment makers from China and EU, which are lining up for the emerging Indian solar market. Chinese solar panel manufacturers are a significant competition in India, said First Solar CEO James Hughes.
The company during the past 18 months has supplied 365 mw of solar panels to the solar power project developers in India, which is roughly 20 per cent of the total market. A group of domestic solar equipment manufacturers filed an anti-dumping case last year against 10 solar equipment manufacturers from four countries including US. They alleged that low-priced imported solar equipments are hurting their business.
He said the company don't expect any adverse result to come out of the anti-dumping case. He also said that the indigenous players could benefit only when the Indian solar market is developed with all kinds of players in the field. The current capacity of domestic cell manufacturing is one gw while that of module is two gw.
In the first phase of the National Solar Mission, 70 per cent of the projects used imported solar panels.