U.S. Department of Commerce Plans Solar Trade Mission to India

The U.S. Department of Commerce-U.S. Commercial Service is planning to lead a Solar Energy Trade Mission to India from March 22nd-27th, 2009. The goal of the mission is to offer U.S. firms a cost effective way to meet potential business partners and government decision makers who are on the front edge of shaping India’s solar energy sector, Commerce officials said.

The mission will provide access to a wide range of services in India including Commercial Diplomancy, customized 1-2-1 matchmaking services with Indian trading partners, solar project development tools and renewable energy financing mechanisms.   

“Anyone that does participate in this mission is going to be very involved over the next 5 years in the Indian market and really shaping what it will look like. By joining the mission companies can have first look at the market and have access to both U.S. and Indian government officials.” said Cynthia Torres U.S. Project Manager and Renewable Energy Specialist at the Department of Commerce.

Meetings with the officials from the Ministry of New and Renewable Energy (MNRE) as well as the Prime Minister’s office are proposed. Other government meetings include energy ministries and energy development agency of the state of Rajasthan and Gujarat.

Besides one-to-one meetings with the potential Indian partners and project developers, there will be roundtables with multiplier organizations like Confederations of Indian Industries (CII), Federation of Indian Chamber of Commerce and Industry (FICCI) and Indo-American Chamber of Commerce (IACC). These meetings would provide the widest exposure to the American delegates.

India has the world’s only dedicated federal ministry to support renewable energy (MNRE) and the only government financial institution exclusively supporting renewable energy and energy efficiency (IREDA).  All the state governments in India have renewable energy department. India’s rich renewable energy resource endowment provides opportunities across a spectrum of technologies including solar.

The India Meteorological Department maintains a nationwide network of radiation stations which measure solar radiation and also the daily duration of sunshine. In most parts of India, clear sunny weather is experienced 250 to 300 days a year. The annual global radiation varies from 1600 to 2200 kWh/sq.m. which is comparable with radiation received in the tropical and sub-tropical regions. The equivalent energy potential is about 6,000 million gigawatt-hours of energy per year.

India currently has 19 manufacturers of solar photovoltaic modules. Several more large investments are in the pipeline, including one by Prabhu Goel, whose Signet Solar plans to invest up to US $2 billion in solar development.

The mission is open to 10-15 solar companies with market potential in India that work in suppliers, developers, service providers & financers of CSP, CPV, & PV technologies. Space is available on a first-come, first-serve basis. Your participation in not secured until payment is processed  Registration deadline, February 13, 2009. For more information about the trade mission, click here.

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