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1883 - first solar cell was built by Charles Fritts production doubling every 2 years world’s fastest-growing energy technology.

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Presentation on theme: "1883 - first solar cell was built by Charles Fritts production doubling every 2 years world’s fastest-growing energy technology."— Presentation transcript:

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2 first solar cell was built by Charles Fritts production doubling every 2 years world’s fastest-growing energy technology

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6 second most populated country in the world India is the world's largest democracy comprised of 28 states and seven union territories 7th largest country in the world in terms of land mass with 32,872,631 sq. km Largest trading partner is US India’s tariff system - reputation of being complex and opaque Higher and greater variety of tariffs (hard for foreign companies to determine correct rates) India is lowering tariff rates and reducing variation to ASEAN levels India is a leading member of filing antidumping measures with WTO 2006 had 174 antidumping measures in place with 11 measures on US products

7 300 days of sunshine per year daily solar incident energy over India varies from 4 to 7 kWh/m 2 sunshine hours range from 2300 to 3200 per year depending on the area. India is exposed to enough solar energy to produce more than 500,000TWh/yr even with low 10% efficiency of current solar panels, India could easily meets electricity needs. much of the country especially the rural areas, are not on the electrical grid Incident Solar Energy Levels

8 currently, solar power accounts for only 0.4% (2.12MW) Indian government introduced targets to produce 20GW of solar power by 2020 (invested $9 billion) Solar Mission under National Action Plan on Climate Change plans to increase solar generated power for both grid connected and distributed off-grid applications The Mission’s funds will be spent on research and development and incentives to utilities Indian Renewable Energy Development Agency Ltd. (IREDA) a Public Sector Company with the goal of providing loans for new and renewable sources of energy Additionally, solar powered equipment would be mandatory in all government buildings including hospitals and offices

9 800,000 Villages without electricity 80M people using kerosine lamps

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15 importance for US imports to India has declined 1960s US exports accounted for one third of India’s imports 2006 US supplied only 5.9% of India’s imports US remains India’s third largest source of imports

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