Solar Semiconductor 

Harnessing New & Renewable Energy TechnologiesChallenges, Technology Status,

Measures/Policies to encourage Internation CooperationHari SurapaneniChief Executive OfficerSolar Semiconductor

Contents

1. Introduction to Solar Semiconductor

2. Solar Photovotaic Industry Market Drivers

3. Challenges to lower investment costs for SPV

4. Technology Status in India

5. International Technology Collaboration

6. Policy Measures

7. Summary

Company Proprietary and Confidential

Corporate Vision and Mission

Vision

To be a socially responsible, fiscally prudent, global 

energy player harnessing the greatest visible energy 

source available to mankind ‐The Sun.

Mission

Employ vertical integration, economies of scale and R&D 

in new technologies to make QUALITY, CERTIFIED solar 

energy solutions affordable and price competitive.

Company Proprietary and Confidential

Company Overview

Projected revenue growth from $15M in FY 2008 to $140M in FY 2009E– 200 MW of total module capacity by December 2008– 405 MW of total module capacity by 2010– Cell manufacturing capacity of 240MW by 2010 scaling to

1GW by end of 2013– 150 MW of thin film capacity by 2010

Overview

IncorporationGlobal Company founded in 2006 by HariSurapaneni and Venkata Kode

SummaryFinancials

Manufacturing 

Locations

Kompally and FabCity near Hyderabad, India– 35,000 sq ft facility in Kompally– 160,500 sq ft facility in FabCity coming online by December

2008– 50 acre FabCity campus with the option to expand to 100

acres

Employees564 full-time employees as of September 2008

Our Products & Services

Family of mono and 

multi crystalline modules

Current

Roadmap

Solar cells Thin film

PowerPlants

Company Proprietary and Confidential4

MG Silicon Poly SiliconSilicon Wafers

PV Cells PV Modules

Strategy/Roadmap – Value Chain 

Thin Film

SOLAR Semiconductor in the value chain

Channels

Direct

Company Proprietary and Confidential5

Market Drivers: Mid 70’s – Mid 90’s

Oil EmbargoOil Embargo High Oil PricesHigh Oil Prices

Interest & Awareness in Solar Technology

Interest & Awareness in Solar Technology

R&D for Solar Technology

R&D for Solar Technology

Crash in Oil PricesCrash in Oil Prices

Solar Research StalledIn USA

Solar Research StalledIn USA

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Incentives  Japan (Mid 90’s)

Germany( Early 2000’s)

Incentives  Japan (Mid 90’s)

Germany( Early 2000’s)

Large Scale ProductionLarge Scale Production

Slow Decline in PricesSlow Decline in Prices

Market Drivers: Mid 90’s – Mid 00’s

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Thin Film Demand

Thin Film Demand

Energy Security ConcernsEnergy Security Concerns Global warming Global warming 

Efficiency Improvements

Efficiency Improvements

Unprecedented Growth in SolarUnprecedented Growth in Solar

Govt. MandatesGovt. Mandates Govt. IncentivesGovt. IncentivesConsumer Awareness

Consumer Awareness

Maintain Higher prices in Crystalline Silicon(Poly Silicon Prices shot up $40 ‐> $ 400)  

Maintain Higher prices in Crystalline Silicon(Poly Silicon Prices shot up $40 ‐> $ 400)  

Shortage of key Raw materialsShortage of key Raw materialsInvestments in Capacities

Investments in Capacities

Product Innovation

Product Innovation

Slight changes in Govt. Initiatives

Market Drivers: 2005‐2008

Slight changes in Govt. Initiatives

Economies of Scale

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• Supply led drastic reduction in Poly Pricing

•Product Innovations lead to further price reduction• Financial Innovation spurs new business

• Faster progression toward grid Parity• Further explosive growth

Market Evolution:2008‐2012

Product InnovationEconomic crisis Supply Expansion

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Challenges to lower investment costs

Project financing— costs in India (versus globally) are extremely high. Easy and unfettered access to 

cheap financing at global costs is needed.

— Innovative project financing needs to evolve akin to other parts of the world.

Import duty relief for SPV components not yet manufactured in country.

Economies to scale yet to develop

Limited equipment manufacturing today

Promote innovation through subsidies & tax credits 

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Technology Status in India

Industry in Infancy in India—Production of c‐Si module :  

Technology Status in India

High Potential in terms of core competencies and skill sets.—Same talent really involved in research and technology development worldwide 

Company Proprietary and Confidential

Company Proprietary and Confidential

International Technology Collaboration

The SPV industry has always relied on international collaboration for decades from the time of founding of Central Electronics Limited (CEL).

Recent entrants including Solar Semiconductor as well has relied on International collaboration.

The EoU and SEZ laws of GoI have been supportive of International collaboration to bring the technology in through partnerships

SIPS is an added impetus for the Technology Collaboration

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Company Proprietary and Confidential

Policy Measures

SIPS needs to be extended significantly as we are talking about expensive technology.

Renewable Energy Credits trading should be facilitated

Import duty exemption for components of SPV plants and related manufacturing equipment for some period of time (10 years)

Access to international capital at internationally competitive rates.

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Company Proprietary and Confidential

Summary

The SPV industry needs to play its role in bringing economies of scale, technology innovations and international collaborations.

The Financial institutions and investors need to come in with innovative project financing needed at the current stage of development of SPV industry in India.

Government policy should ensure unfettered access to cheap capital at international rates and promote innovative financing models. Import duty exemption on SPV components and manufacturing equipment for some period is essential to further international cooperation.

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Thank You!

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Solar Semiconductor �ContentsCorporate Vision and MissionCompany OverviewStrategy/Roadmap – Value Chain Market Drivers: Mid 70’s – Mid 90’sMarket Drivers: Mid 90’s – Mid 00’s Market Drivers: 2005-2008 Market Evolution:2008-2012Challenges to lower investment costsTechnology Status in IndiaTechnology Status in IndiaInternational Technology CollaborationPolicy MeasuresSummary