Excitement High but Questions Loom Large About Indian Solar Industry: Highlights from 5th Renewable Energy India 2011 Expo
New Delhi, India, August 20, 2011 --(PR.com)-- Mercom Communications India, Pvt. Ltd., a subsidiary of Mercom Capital Group, a global clean energy communications and consulting firm, attended the 5th Renewable Energy India 2011 Expo held in New Delhi, India by Exhibitions India Group last week. With over 190 eminent speakers and 527 exhibitors from 33 countries, the Expo turned out to be the biggest event for renewable energy ever held in India. The participation level has been increasing consistently over the years along with growing interest and opportunities in the sector. Even the lashing rains in Delhi could not dampen the spirits of over 12,000 visitors who thronged the Expo.
While the fervor and number was impressive, questions still loomed large as to the developments in the Jawaharlal Nehru National Solar Mission (JNNSM) process, including companies’ ability to achieve financial closure, cancellation of projects who could not meet the criterion and announcement of the next batch and size of projects. The elimination of reverse bidding seemed to be on top of the wish list of solar project developers.
Manufacturers continue to look for new and emerging markets for export opportunities while keeping a watchful eye on the domestic market. Most of the conference exhibitors on the manufacturing side had participated in previous years. Engineering Procurement Construction (EPC) companies were voicing concern about quality in project execution with so many new entrants without adequate experience, flooding the market.
Concentrated solar power (CSP) and CSP-related companies had decent presence this year, but considering that CSP and Photovoltaic (PV) are allocated 50:50 in terms of projects under JNNSM, CSP had a much smaller presence than PV at the conference. Also in attendance were interested entrepreneurs and developers looking to develop small projects of 50KW-2MW.
The conference did a good job by bringing together private and government representation. India’s renewable energy industry is being watched closely by the rest of the world and it is up to the government to execute well and instill confidence in order to attract the investments needed to grow these important sectors.
About Mercom Communications India
Mercom Communications India (Mercom), based in Bangalore, is the only clean energy communications firm in India. Mercom is a subsidiary of Mercom Capital Group, llc, a clean energy communications and consulting firm, based in Austin, Texas, USA. At Mercom, we help clean energy companies gain market share while building powerful relationships with media, analysts, government decision-makers and local communities. We arm our clients with timely market intelligence to ensure their competitive position and overall success. For more information visit: http://www.mercomcapital.com
About Mercom Capital Group
Mercom Capital Group is a global communications and consulting firm with offices in the US and India. Mercom’s communications division helps clean energy companies build powerful relationships with media, analysts, government decision-makers, local communities and strategic partners. Mercom’s consulting division advises solar companies on new market entry, custom market intelligence and overall strategic decision-making. Mercom delivers highly respected industry market intelligence reports covering Healthcare IT, Solar Energy, Wind Energy and Smart Grid. Our reports provide timely industry happenings and ahead-of-the-curve analysis specifically for C-level decision making. For more information about Mercom Capital Group, visit: http://www.mercomcapital.com. To get a copy of Mercom’s popular market intelligence reports, visit: http://mercomcapital.com/market_intelligence.php.
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While the fervor and number was impressive, questions still loomed large as to the developments in the Jawaharlal Nehru National Solar Mission (JNNSM) process, including companies’ ability to achieve financial closure, cancellation of projects who could not meet the criterion and announcement of the next batch and size of projects. The elimination of reverse bidding seemed to be on top of the wish list of solar project developers.
Manufacturers continue to look for new and emerging markets for export opportunities while keeping a watchful eye on the domestic market. Most of the conference exhibitors on the manufacturing side had participated in previous years. Engineering Procurement Construction (EPC) companies were voicing concern about quality in project execution with so many new entrants without adequate experience, flooding the market.
Concentrated solar power (CSP) and CSP-related companies had decent presence this year, but considering that CSP and Photovoltaic (PV) are allocated 50:50 in terms of projects under JNNSM, CSP had a much smaller presence than PV at the conference. Also in attendance were interested entrepreneurs and developers looking to develop small projects of 50KW-2MW.
The conference did a good job by bringing together private and government representation. India’s renewable energy industry is being watched closely by the rest of the world and it is up to the government to execute well and instill confidence in order to attract the investments needed to grow these important sectors.
About Mercom Communications India
Mercom Communications India (Mercom), based in Bangalore, is the only clean energy communications firm in India. Mercom is a subsidiary of Mercom Capital Group, llc, a clean energy communications and consulting firm, based in Austin, Texas, USA. At Mercom, we help clean energy companies gain market share while building powerful relationships with media, analysts, government decision-makers and local communities. We arm our clients with timely market intelligence to ensure their competitive position and overall success. For more information visit: http://www.mercomcapital.com
About Mercom Capital Group
Mercom Capital Group is a global communications and consulting firm with offices in the US and India. Mercom’s communications division helps clean energy companies build powerful relationships with media, analysts, government decision-makers, local communities and strategic partners. Mercom’s consulting division advises solar companies on new market entry, custom market intelligence and overall strategic decision-making. Mercom delivers highly respected industry market intelligence reports covering Healthcare IT, Solar Energy, Wind Energy and Smart Grid. Our reports provide timely industry happenings and ahead-of-the-curve analysis specifically for C-level decision making. For more information about Mercom Capital Group, visit: http://www.mercomcapital.com. To get a copy of Mercom’s popular market intelligence reports, visit: http://mercomcapital.com/market_intelligence.php.
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Mercom Communications India
Priyadarshini Sanjay
91.80.22342856
www.mercomcapital.com/news.php
Priyadarshini Sanjay
91.80.22342856
www.mercomcapital.com/news.php
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