Market Potential

Khandelwals along with the two of the top financial agencies of the world have conceived a plan to push solar energy products worldwide by combining the strengths of solar cells in India and modeling operations worldwide. This will give larger volumes of production for solar cells as well as allow R&D operations to bring in newer ideas and technology and bring down costs. This will help the spread of solar energy in India .

Khandelwals is also tying up with the largest power generation company in India for spreading power generation into rural India by smaller captive power plants thus changing the face of rural India and of course preventing pollution and global warming.

Become a part of this movement where the share prices will rise astronomically. In fact the prices of the Rs. 10/- share has gone upto Rs. 300/- and still rising. The world will be watching us

The emerging energy crisis in the world is orienting the global market towards renewable energy sources. The Kyoto Protocol has only catalyzed the global demand for the same. Natural sources are again being tapped for production of reliable and sustainable energy. Owing to the omnipresent nature of sun, unlike wind and bio-mass, there is a perceptible demand for solar photovoltaics across the globe.

Photovoltaics have a proven record of long-term durability, reliability and stability. They have no moving parts, no environmental pollution and no depletion of materials. They are also exceedingly versatile and can be used for operating a range of electrical equipment and gadgets.

In case of photovoltaics, the power is generated close to the point of use and that results in substantial reduction in transmission and distribution losses.

Keeping the global demand for solar energy in perspective, the Khandelwal Group has decided to set up an exclusive unit for manufacture of solar photovoltaic cells and modules. One to one interaction with several international prospective buyers has given more credence to the project.

Demand Vs Supply

The Solar Photovoltaic (PV) industry experienced a healthy growth rate of 20-25% per year through the 1990's, and registered even stronger growth rate in early 2000's (38% in 2001, 44% in 2002, 33% in 2003 and 57% in 2004) . According to independent market reports, the global PV market is expected to continue the same healthy growth. By 2060, PV Solar Power will be the major energy source, surpassing coal, oil and gas together which constitutes 65% of global energy today.

Well-established manufacturers are now moving to ramp-up their plants to upward of 10 MW, 25MW and even up to 50MW capacities. Recently SHARP in Japan , which is the largest single manufacturer has upgraded their plant from 100MW to 200MW and has further plans to expand it to over 300MW.

Even after these ramp ups, it is predicted that the global manufacturing capacities will lag behind the global demand for many years due to the healthy growth rates predicted.
The worldwide shortage of solar cells is expected to assure a ready export market for KSPL. Some European PV manufacturers, particularly from Germany , are already looking at India to meet their solar cell needs while two Canadian companies have intended to purchase the entire production planned for the first year already.

It is believed that renewable energy could provide up to half the world's total energy requirements within 50 years.