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TRANSCRIPT
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Solar Semiconductor
Harnessing New & Renewable Energy TechnologiesChallenges, Technology Status,
Measures/Policies to encourage Internation CooperationHari SurapaneniChief Executive OfficerSolar Semiconductor
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Contents
1. Introduction to Solar Semiconductor
2. Solar Photovotaic Industry Market Drivers
3. Challenges to lower investment costs for SPV
4. Technology Status in India
5. International Technology Collaboration
6. Policy Measures
7. Summary
Company Proprietary and Confidential
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Corporate Vision and Mission
Vision
To be a socially responsible, fiscally prudent, global
energy player harnessing the greatest visible energy
source available to mankind ‐The Sun.
Mission
Employ vertical integration, economies of scale and R&D
in new technologies to make QUALITY, CERTIFIED solar
energy solutions affordable and price competitive.
Company Proprietary and Confidential
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Company Overview
Projected revenue growth from $15M in FY 2008 to $140M in FY 2009E– 200 MW of total module capacity by December 2008– 405 MW of total module capacity by 2010– Cell manufacturing capacity of 240MW by 2010 scaling to
1GW by end of 2013– 150 MW of thin film capacity by 2010
Overview
IncorporationGlobal Company founded in 2006 by HariSurapaneni and Venkata Kode
SummaryFinancials
Manufacturing
Locations
Kompally and FabCity near Hyderabad, India– 35,000 sq ft facility in Kompally– 160,500 sq ft facility in FabCity coming online by December
2008– 50 acre FabCity campus with the option to expand to 100
acres
Employees564 full-time employees as of September 2008
Our Products & Services
Family of mono and
multi crystalline modules
Current
Roadmap
Solar cells Thin film
PowerPlants
Company Proprietary and Confidential4
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MG Silicon Poly SiliconSilicon Wafers
PV Cells PV Modules
Strategy/Roadmap – Value Chain
Thin Film
SOLAR Semiconductor in the value chain
Channels
Direct
Company Proprietary and Confidential5
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Market Drivers: Mid 70’s – Mid 90’s
Oil EmbargoOil Embargo High Oil PricesHigh Oil Prices
Interest & Awareness in Solar Technology
Interest & Awareness in Solar Technology
R&D for Solar Technology
R&D for Solar Technology
Crash in Oil PricesCrash in Oil Prices
Solar Research StalledIn USA
Solar Research StalledIn USA
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Incentives Japan (Mid 90’s)
Germany( Early 2000’s)
Incentives Japan (Mid 90’s)
Germany( Early 2000’s)
Large Scale ProductionLarge Scale Production
Slow Decline in PricesSlow Decline in Prices
Market Drivers: Mid 90’s – Mid 00’s
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Thin Film Demand
Thin Film Demand
Energy Security ConcernsEnergy Security Concerns Global warming Global warming
Efficiency Improvements
Efficiency Improvements
Unprecedented Growth in SolarUnprecedented Growth in Solar
Govt. MandatesGovt. Mandates Govt. IncentivesGovt. IncentivesConsumer Awareness
Consumer Awareness
Maintain Higher prices in Crystalline Silicon(Poly Silicon Prices shot up $40 ‐> $ 400)
Maintain Higher prices in Crystalline Silicon(Poly Silicon Prices shot up $40 ‐> $ 400)
Shortage of key Raw materialsShortage of key Raw materialsInvestments in Capacities
Investments in Capacities
Product Innovation
Product Innovation
Slight changes in Govt. Initiatives
Market Drivers: 2005‐2008
Slight changes in Govt. Initiatives
Economies of Scale
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• Supply led drastic reduction in Poly Pricing
•Product Innovations lead to further price reduction• Financial Innovation spurs new business
• Faster progression toward grid Parity• Further explosive growth
Market Evolution:2008‐2012
Product InnovationEconomic crisis Supply Expansion
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Challenges to lower investment costs
Project financing— costs in India (versus globally) are extremely high. Easy and unfettered access to
cheap financing at global costs is needed.
— Innovative project financing needs to evolve akin to other parts of the world.
Import duty relief for SPV components not yet manufactured in country.
Economies to scale yet to develop
Limited equipment manufacturing today
Promote innovation through subsidies & tax credits
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Technology Status in India
Industry in Infancy in India—Production of c‐Si module :
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Technology Status in India
High Potential in terms of core competencies and skill sets.—Same talent really involved in research and technology development worldwide
Company Proprietary and Confidential
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Company Proprietary and Confidential
International Technology Collaboration
The SPV industry has always relied on international collaboration for decades from the time of founding of Central Electronics Limited (CEL).
Recent entrants including Solar Semiconductor as well has relied on International collaboration.
The EoU and SEZ laws of GoI have been supportive of International collaboration to bring the technology in through partnerships
SIPS is an added impetus for the Technology Collaboration
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Company Proprietary and Confidential
Policy Measures
SIPS needs to be extended significantly as we are talking about expensive technology.
Renewable Energy Credits trading should be facilitated
Import duty exemption for components of SPV plants and related manufacturing equipment for some period of time (10 years)
Access to international capital at internationally competitive rates.
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Company Proprietary and Confidential
Summary
The SPV industry needs to play its role in bringing economies of scale, technology innovations and international collaborations.
The Financial institutions and investors need to come in with innovative project financing needed at the current stage of development of SPV industry in India.
Government policy should ensure unfettered access to cheap capital at international rates and promote innovative financing models. Import duty exemption on SPV components and manufacturing equipment for some period is essential to further international cooperation.
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Thank You!
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Solar Semiconductor �ContentsCorporate Vision and MissionCompany OverviewStrategy/Roadmap – Value Chain Market Drivers: Mid 70’s – Mid 90’sMarket Drivers: Mid 90’s – Mid 00’s Market Drivers: 2005-2008 Market Evolution:2008-2012Challenges to lower investment costsTechnology Status in IndiaTechnology Status in IndiaInternational Technology CollaborationPolicy MeasuresSummary