Indian Solar Cell Industry Suffers Due to Financial Crisis

January 27, 2009 / No Comments

titan energy systems Indian Solar Cell Industry Suffers Due to Financial Crisis Not all is good news in the solar industry, and researchers are not helping

Indian solar cell manufacturers were hanging out at the 18th International Photovoltaic Science and Engineering Conference & Exhibition. Yeah, they really do have conventions for this kind of thing. This one took place from Jan 19 to 23, 2009, in Kolkata, India.

India’s solar cell manufacturers all have plans to enhance production capacity, BUT, many of them are postponing their plans because of the ongoing global financial crisis.

Titan Energy Systems Ltd, is based in Hyderabad-based. The company makes solar modules. Plans to increase its annual production capacity from current 100MW to 500MW by the end of 2009 may have to be put on hold for about six months says the company.

Jupiter Solar Power Ltd, is a solar cell manufacturer that was established in 2007. The company originally planned to start manufacturing photovoltaic cells last year in November 2008. That date was postponed until February 2009 because of the financial crisis. Additionally, Jupiter Solar Power is delaying its production increase scheduled for 2010, until 2011.

Business is good for those in the solar industry … not so good for those trying to get in.