New Delhi, India [RenewableEnergyWorld.com] DuPont announced the introduction of its DuPont Photovoltaic Solutions (SPVS) business in India. DuPont Photovoltaic Solutions offers a portfolio of products related to both crystalline silicon and thin-film solar photovoltaic (PV) modules. The DPVS portfolio includes films, resins, encapsulant sheets, flexible substrates and conductive pastes that will now be distributed to the photovoltaic industry in India.
To support the solar energy market in India, the company plans to establish a PV lab by 2010 at the DuPont Knowledge Center in Hyderabad. This lab will provide technical and research facility support to DuPont customers in the solar energy industry. DuPont Photovoltaic Solutions will also install a PV array at the DuPont Knowledge Center in order to generate a portion of the center’s energy requirements from renewable solar energy, the size od the system has not been determined.
“The most important factor for continued rapid market growth is to invest in solutions that meet the needs of this market,” said Marc Doyle, global business director for DuPont Photovoltaic Solutions. “India has been identified as having a high potential for market growth in solar energy and this segment will drive the company’s strategic growth in the country.”
DuPont said it anticipates that the photovoltaic market will grow by more than 50 percent in each of the next few years, driving demand for existing and new materials that are more cost effective. DuPont expects that its sales of several product lines into the photovoltaic industry could exceed US $1 billion within the next five years.