United States Investment In India Photovoltaic Industry

India is increasing in the global market, the share of photovoltaic cell panels. Signet in California of the United States in solar energy company in late December 2007 that in the next 10 years will be 2 billion US dollars investment in India building three solar photovoltaic products manufacturing plant.

After three factories will be built with the annual output of 900 MW. India seeks to create the world's lowest cost of photovoltaic modules. Signet solar energy company also plans to establish R & D center in India.

India is an attractive local labor and low-cost manufacturing base. In addition, India's production of photovoltaic cell panels companies can enjoy tax breaks and subsidies. To this end, the market is expected to India's annual sales from the current 6 billion US dollars to a 2010 40 billion US dollars / year.

New photovoltaic manufacturing construction of the plant will accelerate India to enter the field of renewable energy. Currently India's renewable energy capacity of about 10 GW, the next 25 years will be increased to 80 GW.

Source: 环球能源网 Jan. 14, 2008