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Solar Panel

Solar panel refers either to a photovoltaic module, a solar thermal energy panel, or to a set of solar photovoltaic (PV) modules electrically connected and mounted on a supporting structure. A PV module is a packaged, connected assembly of solar cells. Solar panels can be used as a component of a larger photovoltaic system to generate and supply electricity in commercial and residential applications. Each module is rated by its DC output power under standard test conditions (STC), and typically ranges from 100 to 320 watts. The efficiency of a module determines the area of a module given the same rated output - an 8% efficient 230 watt module will have twice the area of a 16% efficient 230 watt module. The technology behind solar is relatively old, despite their futuristic appeal, but while the basics are the same the efficiency of solar panels has improved greatly in recent years. It’s worth noting that solar panel suppliers often have two types of solar panels on offer: thermal panels and photovoltaic (PV) panels. The former are used only to heat water. The electricity produced by solar panels will be used to power any appliances currently in use within home. Any electricity which is not used will be sent to the grid. India has abundant solar resources, as it receives about 3000 hours of sunshine every year, equivalent to over 5,000 trillion kWh. India can easily utilize the solar energy. Today the Government is encouraging generation of electricity from various renewable energy sources such as wind, solar, small hydro, biomass by giving various fiscal & financial incentives. This apart, the state governments are procuring electricity from renewable energy projects at preferential tariff. Multiple solar cells in an integrated group, all oriented in one plane, constitute a solar photovoltaic panel or solar photovoltaic module. Photovoltaic modules often have a sheet of glass on the sun-facing side, allowing light to pass while protecting the semiconductor wafers. Solar cells are usually connected in series in modules, creating an additive voltage. Connecting cells in parallel yields a higher current; however, problems such as shadow effects can shut down the weaker (less illuminated) parallel string (a number of series connected cells) causing substantial power loss and possible damage because of the reverse bias applied to the shadowed cells by their illuminated partners. Solar panels can be used to generate a portion of home’s power in order to reduce dependency on traditional power sources. For instance, install panels to provide electricity just for appliances or lighting, to reduce dependency on the utility company, as well as lower bill. Solar modules use light energy (photons) from the sun to generate electricity through the photovoltaic effect. The majority of modules use wafer-based crystalline silicon cells or thin-film cells based on cadmium telluride or silicon. The structural (load carrying) member of a module can either be the top layer or the back layer. Cells must also be protected from mechanical damage and moisture. The solar contribution stood at 5.44% as of 2018. Major factors driving the market studied are the declining cost of the solar module and the government policies like allowing 100% FDI under automatic route for renewable power generation and distribution projects which is expected to increase the participation from global players into the Indian market. With government promoting the solar installation in rural area by providing subsidized solar panels and other incentive, the solar PV installation is ought to increase during the forecast period and is expected to drive the market. So far, only five CSP projects, namely, ACME solar tower (2.5 MW), Dhursar (125 MW), Godawari solar project (50 MW), Megha solar plant (50 MW), and national solar thermal power facility (1 MW) have started operations in India. Owing to factors, such as, huge capital expenditure, difficulty in securing land and water, and insufficient DNI data, other projects have been delayed. India solar power products market is projected to grow at a CAGR of more than 11% to surpass $ 7.6 billion by 2024 on the back of increasingly stringent policy and regulatory framework and rising environmental concerns. The Ministry of New and Renewable Energy has set a target of 100 GW of solar power generation capacity by 2022. To achieve the target, government has taken several initiatives in the form of offering subsidies, financial assistance, and incentives to manufacturers, power producers and even customers. The global solar panel market volume reached 155.5 GW in 2019. A solar panel, also known as a PV panel, is a collection of solar (or photovoltaic) cells that employ natural sunlight to generate electricity. It is made of several solar cells, manufactured using silicon, boron, and phosphorus, which are arranged in a grid-like pattern on the surface. The utilization of solar panels has increased across the globe as they do not lead to any form of pollution and their installation helps in combating the harmful emissions of greenhouse gases. Also, innovations in quantum physics and nanotechnology are projected to increase their effectiveness potentially. They are superior to conventional solar panels in terms of efficiency and cost-effectiveness. They can also be integrated into almost any surface, which will further boost their applicability across various sectors. On account of these factors, the market to sustain positive growth over the forecast period (2020-2025). As a whole there is a good scope for new entrepreneur to invest in this business. Few Indian Major Players • Dhursar Solar Power Pvt. Ltd. • Divine Solren Pvt. Ltd. • Ind Renewable Energy Ltd. • Indira Power Pvt. Ltd. • Janardan Wind Energy Pvt. Ltd. • Kiran Solar One Pvt. Ltd. • Laxmi Agroenergy Pvt. Ltd.
Plant capacity: 33 KW per dayPlant & machinery: 181 Lakhs
Working capital: -T.C.I: Cost of Project:668 Lakhs
Return: 28.00%Break even: 48.00%
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  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
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  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.


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