In these days of advanced technologies and increasing levels of eco pollution, energy consumption is touching new heights. With non-renewable sources such as oil and coal depleting rapidly, the world is on the lookout for new alternative sources of energy. The search for best-suited alternative sources of energy for the future has led to major developments in the areas of solar, wind, hydro, geothermal, fuel cells, and biomass energies. Various forms of energy that were successfully commercialized include wind and solar energies. While generation of power from wind is limited to windy areas, solar power generation does not have any such limitations. The most abundant and free form of energy is sunlight. With sun, an inexhaustible and vast source of energy, sunlight (solar energy) reaching the earth is more than a few thousand times greater than the total amount of energy used by mankind on the planet.

Daunted and discouraged by the rising petrol prices, industries across the world are turning to greener energy sources, and adding fuel to the migration trend are governmental legislations, which make it mandatory to generate a portion of electricity from renewable sources. The percentage of electricity to be generated from green sources is constantly on the rise. Increased demand spells increased production activities, which, in turn, results in economies of scale. The equation is expected to result in a drop in solar cell prices.

TABLE OF CONTENTS 

SOLAR CELLS AND MODULES			BMR-7001


                                      CONTENTS


  1. METHODOLOGY                                                           1
      Study Reliability and Reporting Limitations                          1
      Disclaimers                                                          2
      Quantitative Techniques & Reporting Level                            3

  2. MARKET DYNAMICS                                                       4
      Overview                                                             4
      Highlights                                                           4
      Trends and Issues                                                    5
       Solar Energy: Riding on GREEN Strength                              5
       Solar: A Part of the Energy Mix Portfolio                           6
       Increasing Demand for Clean Energy to Drive Solar Cell
        Equipment Market                                                   7
       Price Trends in the Solar Module Retail Market                      7
       Retail Cost of Electricity from PV System Hinders
        Commercialization                                                  8
       Advancements in Polysilicon & Metallurgical Silicon Upgrades
        to Play a Key Role                                                 8
       World Solar Industry Exhibits Robust Growth                         8
       Solar Cells Market - An Overview                                    10
       Incentive Programs Drive PV Systems Installations                   11
       Photovoltaic Sector Exploring New Options                           12
       An Outline of the Changing Dynamics                                 12
       North America to Garner Larger Share of the Photovoltaic Market     13
       Japan Leads the Global Solar Market                                 13
       Germany Emerges as the European Leader                              13
       Spanish Photovoltaic Sector Thrives on Higher Feed-in Tariff        14
       Major Photovoltaic Power Plants                                     15
      Developing Countries: Biggest Potential                              15
       Taiwan and China Gain Visibility on the Global Landscape            16
       The Economics of Solar Energy: A Feasibility Study                  17
        Solar Competitiveness                                              17
       Rising Ecological Economy Spurs Solar Market                        18
       Growing Energy Demands: Option Sun                                  18
       Increasing Pollution Levels: Ringing Alarm Bells                    19
       Solar Photovoltaic Cells: Vying for Viability                       19
       A Turnaround in Fortunes Lurking Just Around the Corner             20
       Government Participation: Providing a Helping Hand                  20
       Tax Concessions and Incentives: Giving Impetus to the Market        21
       Remote Industrial and Habitational Markets: Putting the Solar
        Industry in Overdrive                                              22
       Semiconductor Based Solar Cells Ready for Terrestrial Invasion      22
       Crystalline Silicon PV Systems: Here to Stay                        23
       Non-Si Solar Cells Market Continues to Grow                         23
       Thin Film Technology: Gaining Ground                                23
       Prepackaged Systems: Heralding the Plug ‘n’ Play Era                24
      A Focus on Production and Installed Capacity                         25
       Renewable Energy Technologies: The Road Ahead                       25
       Capacity Expansions: Order of the Day                               26
      Competitive Landscape                                                26
      Solar Cell Production Equipment Manufacturers                        29
      CIS Solar Cell Producers                                             29

  3. PRODUCT FACTS                                                         30
      Solar Cells                                                          30
      Solar Modules                                                        30
      Scope                                                                30

  4. ENVIRONMENTAL/REGULATORY SCENARIO                                     30
      Solar Electricity and Environment                                    30

  5. CORPORATE DEVELOPMENTS                                                31
      Applied Materials Completes Baccini Acquisition                      31
      Quantum Fuel Systems Acquires Equity Interest in ASOLA               31
      Centrotherm photovoltaics AG to Acquire GP Solar                     31
      Suntech Power to Acquire Minority Stake in Nitol Solar               32
      WorldWater & Solar Technologies Merges with ENTECH                   32
      Sharp Corp to Set Up Joint Venture with Tokyo Electron               32
      ersol Thin Film Collaborates with SCHOTT                             33
      Motech and Solar Semiconductor Enter into Partnership                33
      Synova Joins Research Alliance for Solar Energy Systems              33
      Quantum Fuel Systems and Asola to Expand Solar Module Plant
       Capacity                                                            34
      Q-Cells Extends Agreement with aleo solar AG                         34
      Spire Corporation Enters into a Contract with Jiangxi Gemei          34
      Yingli Green Inks Polysilicon Supply Deal with DC Chemical           35
      Yingli Green Inks Two Polysilicon Supply Deals with DC Chemical      35
      Suntech Power Inks Agreement with Hanau Energies                     35
      Suntech Power Inks Supply Agreement with Enerray                     35
      United Solar Enters into Agreement with AirTec                       35
      United Solar Inks Solar Laminates Supply Deal with ITOCHU            36
      SCHOTT Signs Five-Year Agreement with Saclima                        36
      Recurrent Energy Enters into Agreements with Solar Module
       Suppliers                                                           36
      Suntech Power Supplies Solar Modules to Belgium’s Town Hall          37
      Global Opens New Production Facility                                 37
      SCHOTT Breaks Ground for New Mexico Facility                         37
      Q-Cells to Set Up New Plant in Malaysia                              37
      Kyocera Unveils New KD Modules                                       38
      SunPower Unveils World’s Most Efficient Solar Cell                   38
      Mitsubishi Unveils Multicrystalline Si Solar Cell                    38
      Kyocera Unveils New KD Modules                                       38
      SunPower Unveils World’s Most Efficient Solar Cell                   39
      Mitsubishi Unveils Multicrystalline Si Solar Cell                    39
      Peccel Unveils World’s Largest Dye-sensitized Cell                   39
      China Sunergy Unveils Selective Emitter Solar Cell                   39
      Ameresco Acquires Southwest Photovoltaic Systems                     39
      ECOtality Acquires Innergy Power Corporation                         40
      Hydro Acquires Additional stake in Ascent Solar Technologies         40
      SolarWorld Acquires the Hillsboro Facility of Komatsu                40
      Solon Acquires an Additional Shareholding in Blue Chip Energy        41
      Tempe’s Amtech Completes Acquisition of R2D Ingenierie               41
      Preformed Line Products Acquires Direct Power and Water
       Corporation                                                         41
      ICP Solar Technologies to Take Over Solar Supplier of California     42
      MBPV Acquires 40% Equity Stake in Solarvalue                         42
      GE Energy to Acquire Stake in PrimeStar Solar                        42
      CENTROSOLAR Group Companies Merge to Form CENTROSOLAR AG             42
      Q-Cells, Calyxo and Solar Fields Merge to Form Calyxo USA Inc        43
      SunWize Completes GenSelf Merger                                     43
      Q-Cells AG Increases Stake in Solaria Corporation                    44
      Westerns Solargenics and Solon America Announce Cooperation
       Agreement                                                           44
      CentroSolar Inks Joint Venture with Pohlen Bedachungen               44
      Solar World AG to Form Joint Venture with Solar Park Engineering     45
      Webel Enters into a Joint Venture with European PV Cell Company      45
      Energy Conversion Signs Joint Venture with Tianjin Jinneng           45
      Wacker and Schott to Form a Joint Venture                            45
      ersol Enters into Partnership with Crystal, Day4Energy and
       Roth & Rau                                                          46
      Photowatt Collaborates with Japanese Firms for Spheral Solar™
       Technology                                                          46
      Solon to Expand Production Capacity                                  46
      Kyocera Plans to Double Annual Solar Modules Production Capacity     47
      Sharp to Increase Thin-Film Solar Cell Production                    47
      ersol Solar Inks Agreement with Silicon Valley Solar                 47
      Yingli Green Inks Agreement with Aplicaciones Técnicas               48
      Yingli and Wacker Ink Polysilicon Supply Agreement                   48
      Yingli Green Energy Inks New Supply Deal with Wacker Chemie AG       48
      Motech Enters into PV Cell Supply Agreement with SPI                 48
      Suntech to Supply Solar Modules to San Francisco International
       Airport                                                             49
      United Solar and EDF Energies Sign Agreement for Supply of
       Thin Film Laminates                                                 49
      United Solar and SunEdison Enter into Supply Agreement               49
      United Solar Inks Deal with Advanced Green Technologies              50
      Solar Integrated Bags Solar Power Project in Italy                   50
      Open Energy Signs Open Purchasing Agreement with Motech              50
      ersol Inks Agreement with Swiss Solar                                51
      Solar Semiconductor Inks Agreement with ersol Solar Energy           51
      Solon Inks Supply Contract with ersol                                51
      SOLARIG Signs an Agreement with Leading Technological Partners
       in China                                                            52
      Canadian Solar Signs Contract with pro solar Solarstrom              52
      PowerLight Inks an Agreement with JingAo                             52
      Pacific Power Inks Agreement with Mitsubishi Electric for PV
       Modules                                                             52
      Trina Solar and Q-Cells Sign Solar Cell Agreement                    53
      LDK Solar Inks Contract to Supply Solar Wafers                       53
      IBC Solar Signs Supply Contract with ersol Solar                     53
      Trina Solar and EniPower Enter into Sales Agreement                  53
      aleo solar Signs Agreement with a+f GmbH                             54
      Yingli Green Bags Sales Contract from Control y Montages             54
      LDK Solar and Canadian Solar Sign Wafer Supply Contract              54
      IXYS Corp. Enters into Distribution Deal with Arrow Electronics      54
      GE to Supply Solar Modules to IBERDROLA                              54
      ersol Solar Energy Signs Supply Agreement with ASOLA                 55
      Canadian Solar to Deliver 60MW Solar Modules for City Solar’s
       Spanish Project                                                     55
      Oerlikon Solar Signs Contract with CMC Magnetics                     55
      United Solar Ovonic Signs Long Term Supply Deal with Enfinity
       Management                                                          56
      Q-Cells Enters Inks Multi-Year Supply Deal with Elkem Solar          56
      United Solar Ovonic Bags Two Orders from Unimetal                    56
      Suntech Enters into an Agreement with Wuxi Airport                   56
      Premier Enters into Supply Agreement with SCHOTT                     56
      Suntech Power Sets Up European Subsidiary                            57
      SOLON AG Establishes SOLON America Corporation                       57
      Q-Cells Inaugurates New Solar Cell Plant                             57
      Global to Establish Thin-Film Solar Cells Plant in Germany           57
      BP Solar to Establish Module Assembly Factory                        58
      Kyocera to Open a Photovoltaic Modules Power Solar Electric
       Facility                                                            58
      Sumco to Setup a New Facility at Saga Prefecture                     58
      ersol Solar Cells Opens Solar Cell Production Plant in Germany       59
      Titan Energy to Set up Solar Cell Production Facility                59
      Yingli Green Completes Phase I of Production Expansion Plan          59
      Tata BP Solar Opens 36MW Solar PV Manufacturing Line in India        59
      LDK Solar Begins Construction of Polysilicon Production Facility     60
      Suntech Begins Construction of Thin Film R&D and Production
       Plant in Shanghai                                                   60
      EverQ Builds Second Solar Panel Plant                                60
      SCHOTT Commences Production of Thin-films                            61
      Sanyo to Set Up Advanced Photovoltaics Development Center            61
      Schott Solar to Build New Photovoltaic Facility in the US            61
      SANYO to Restructure Shiga Plant and Establish HIT SCM Facility      62
      Schueco to Manufacture Ultra Thin Solar Modules                      62
      Kyocera to Build its Second Solar Module Manufacturing Facility      62
      Applied Materials Launches SunFab™ Thin Film Line                    63
      ICP Solar Sells Majority Stake in its UK Subsidiary to ISE Solar     63
      SolarWorld to Divest Interest in GPV to Borevind                     63
      Evergreen Introduces Powerful 195W PV Panel                          64
      Suntech Launches New Solar Module                                    64
      Solar Semiconductor Unveils High Quality PV Modules                  64
      University of Delaware Develops Solar Cell with Record Efficiency    64
      Lumeta Introduces Low-Slope Solar Product Range                      65
      Schott Launches New BIPV Modules                                     65
      DRI Energy Rolls Out New Roof Integrated Solar Product Range         65
      Trina Solar Introduces Solar Photovoltaic Cell Range                 65
      University Researchers Introduce Organic Solar Cell                  65
      Evergreen Introduces Powerful 195W PV Panel                          66
      Suntech Launches New Solar Module                                    66
      Solar Semiconductor Unveils High Quality PV Modules                  66
      IMEC Develops High Efficiency Silicon Solar Cells                    66
      University of Delaware Develops Solar Cell with Record Efficiency    67
      Suntech Announces Launch of Solar Modules                            67
      Lumeta Introduces Low-Slope Solar Product Range                      67
      Microsemi Rolls Out Compact Power Modules                            67
      Schott Launches New BIPV Modules                                     68
      Conergy Introduces Conergy PowerPlus                                 68
      DRI Energy Rolls Out New Roof Integrated Solar Product Range         68
      Trina Solar Introduces Solar Photovoltaic Cell Range                 69
      SunWize Launches Solar Modules for Remote Site Power                 69
      Honda Soltec Launches Thin Film Solar Cell                           69
      University Researchers Introduce Organic Solar Cell                  69

  6. MAJOR PLAYERS                                                         70
      Bosch Solar Energy AG (Germany)                                      70
      BP Solar (UK)                                                        70
      EniPower S.p.A. (Italy)                                              70
      GE Energy (US)                                                       70
      Global Solar Energy, Inc (US)                                        71
      Isofotón (Spain)                                                     71
      Kaneka Solartech (Japan)                                             71
      Kyocera Solar Corporation (Japan)                                    71
      Mitsubishi Heavy Industries (Japan)                                  72
      Photowatt International (France)                                     72
      Q-Cells AG (Germany)                                                 72
      SCHOTT Solar (Germany)                                               72
      Sanyo Electric Company (Japan)                                       72
      Sharp Corporation (Japan)                                            73
       Sharp Electronics (US)                                              73
      SolarWorld AG (Germany)                                              73
      United Solar Ovonic LLC (US)                                         73

  7. MAJOR SOLAR CELL AND MODULE COMPANIES/BRANDS                          74
      Solar Module Companies/Brands                                        74
      Solar Cells and Module Companies/Brands                              74

  8. MARKET ANALYTICS                                                      75

  9. THE UNITED STATES                                                     76
      Introduction                                                         76
      US Solar Market                                                      76
      Thin-Film Photovoltaic Cell Revs up the Engine of Growth             78
      Imports & Exports Scenario                                           79
      Market Segmentation                                                  80
       Building Integrated Photovoltaics (BIPV)                            80
       Consumer Electronics                                                80
       Communications                                                      80
       Non-BIPV Electricity Generation                                     80
       Transportation                                                      80
      Government Initiatives                                               82
       Promoting PV in the US: A Look at Various Government Programs       83
       Price Declines to Promote New Installations                         84
       Factors Responsible for Falling Solar Module Prices                 84
      Market Trends/Issues                                                 84
       Grid Expansion: A Costly Affair                                     84
       Increasing Production Capacity: Positive Signs                      85
       Utility Companies: Playing a Major Role                             85
      The Future of PV                                                     86
       The Blueprint                                                       86
      DOE: The Fund Provider for PV Research                               86
       PV Research in the US                                               86
       NREL’s Record Breaking Technology                                   87

  10. CANADA                                                               88
      End Use Market                                                       88
      Equipment Market                                                     89
      PV Technology: The Prospects                                         89
       The Barriers                                                        90
      Government Initiatives                                               90

  11. JAPAN                                                                91
      Market Participants                                                  91
      Demystifying Japan’s Success in Solar Energy                         92
      PV Production Scenario                                               93
      Solar Projects                                                       93
       Sunshine Projects: Making the Sun Shine in Japan                    93
       GENESIS Project: World Wide Web of PV Power Generating Systems      94
      The NEDO Contribution                                                95
      NEDO’s Research Contributions                                        95
       Development of Advanced PV Modules                                  95
       Super High-Efficiency Compound Solar Cells                          96
      The METI Strategy                                                    96
      Market Trends/Issues                                                 97
       Grid Connected PV: Increasing Market Share                          97
       Bridging the Gap Between Conventional and PV Power Tariffs          98
       Equipment Costs: The Core Issue                                     98
       Solar Companies Increasing Production                               99
       Solar Products: A Common Scenario                                   99

  12. EUROPE                                                               99

  a. France                                                                105

  b. Germany                                                               107

  c. Italy                                                                 111

  d. The United Kingdom                                                    113

  e. Spain                                                                 117

  f. Russia                                                                120

  g. Rest of Europe                                                        121

  13. ASIA-PACIFIC                                                         123
      Overview                                                             123
      Outlook                                                              123
      An Overview of Some of the Significant Markets                       123
       Australia                                                           123
        PV Market - An Overview                                            123
        Support for Solar                                                  124
        Government Cuts Down Rebates on Solar Power Sales                  124
        Competitive Scenario                                               125
       China                                                               125
       Taiwan                                                              125
        Leading Players & Market Entrants                                  126
       Hong Kong                                                           126
        PV Market - An Overview                                            126
        Government Support                                                 127
        PV Projects                                                        127
       India                                                               127
        Leading the Sun Brigade                                            127
        Government Initiatives                                             127
        Competitive Scenario                                               128
        Solar Power: The Sunny Side of Energy                              129
        Nepal to Receive Indian Assistance for Solar Electrification
         of Villages                                                       129
       South Korea                                                         129
        The Emerging Market                                                129
        The Solar Scenario: Increasing Government Support                  130
        Competitive Scenario                                               131
       Thailand                                                            131
        Introduction                                                       131
        Solar Energy: Proving to be the Best Alternative                   132
         Grid Electricity Vs Solar Electricity                             132
        Barriers to Solar Energy                                           133
        Solar Initiatives                                                  133
         Solar Powered Homes                                               133
         Solar Energy Park                                                 134

  14. MIDDLE EAST                                                          135
      Israel                                                               135

  15. LATIN AMERICA                                                        136
      Mexico                                                               136
       Solar Electricity in Mexico                                         136
        Applications                                                       136


 EXHIBITS

      Table 1: Global PV Cell Production by Country - 2006 (in MW)

      Table 2: Global Solar Cell and Module Production and
      Production Capacity by Major Regions - 2006

      Table 3: Cumulative Solar Electricity Capacities by Region for
      2010E & 2020E (In MW)

      Table 4: Select International Targets for Solar Photovoltaics

      Table 5: Leading Countries in the World by Cumulative
      Installed PV Power - 2006

      Table 6: Leading Countries in the Worldwide by Installed PV
      Power in Calendar Year - 2006

      Table 7: Major Photovoltaic Power Plants in the World

      Table 8: Percentage Breakdown of Volume Share of Solar Cells
      by Type - 2010E

      Table 9: Worldwide Production Capacity Increases by Companies:
      2005-2006

      Table 10: Market Shares of Leading Solar Cells Production in
      the World - 2006

      Table 11: Market Shares of Leading Solar Cells Producers in
      the World - 2004

      Table 12: Market Shares of Leading Solar Module Producers in
      the World - 2005

      Table 13: Production of PV/Cell Module by Leading Producers in
      the World - 2005

      Table 14: Production of PV/Cell Module by Cell Technology in
      the World - 2003

      Table 15: Global Solar Cells and Modules Market by Region for
      the Period 2007-2015 (Sales in US$ Million)

      Table 16: Percentage Breakdown of Global Solar Cells and
      Modules Market by Region for the Years 2008 & 2012

      Table 17: Percentage Shares of PV Cells and Modules Shipments
      by Product Type in the US - 2006

      Table 18: Percentage Shares of PV Cells and Modules Shipments
      by Type in the US - 2006

      Table 19: Percentage Breakdown of PV Cells and Modules
      Distribution by Channel in the US - 2006

      Table 20: PV Cell Production in the US: 2006 (in MWp)

      Table 21: Leading Players in the North American PV/Cell Module
      Production - 2006

      Table 22: Cumulative Installed PV Power by Application in the
      US - 2006

      Table 23: US Imports and Exports of PV Cells and Modules -
      2006 (In Peak Kilowatts)

      Table 24: US Exports of PV Cells and Modules by Type - 2006
      (In kWp)

      Table 25: Percentage Breakdown of US Photovoltaic Cell and
      Module Exports by Country - 2006

      Table 26: Percentage Breakdown of Cells and Modules Market by
      Segment in the US - 2006 (% based on kWp shipped)

      Table 27: Percentage Breakdown of Cells and Modules Market by
      End Use Segment in the US - 2006 (% based on kWp shipped)

      Table 28: Solar Cells and Modules Market by Segment in the US:
      2007-2015 (Sales in US$ Million)

      Table 29: Cumulative Installed PV Capacity by Application in
      Canada - 2006 (In kW)

      Table 30: Solar Cells and Modules Market by Segment in Canada:
      2007-2015 (Sales in US$ Million)

      Table 31: Market Shares of Leading PV Manufacturers in Japan -
      2001 (In terms of MW Capacity)

      Table 32: Public Budget Allocation in Japan (METI) in 2006

      Table 33: Installed PV Systems Breakup in Japan by Application - 
      2006 (In kW)

      Table 34: Solar Cells and Modules Market by Segment in Japan:
      2007-2015 (Sales in US$ Million)

      Table 35: Solar Cells and Modules Market by Region in Europe:
      2007-2015 (Sales in US$ Million)

      Table 36: Percentage Breakdown of Solar Cells and Modules
      Market by Region in Europe for the Years 2008 & 2012

      Table 37: Cumulative Installed PV Power by Application in
      France - 2006 (In kW)

      Table 38: Solar Cells and Modules Market by Segment in France:
      2007-2015 (Sales in US$ Million)

      Table 39: Percentage Breakdown of Renewable Energy Electricity
      Distribution in Germany - 2007

      Table 40: Cumulative Installed PV Power by Application in
      Germany - 2006 (In kW)

      Table 41: Solar Cells and Modules Market by Segment in
      Germany: 2007-2015 (Sales in US$ Million)

      Table 42: Cumulative Installed PV Power by Application in
      Italy - 2006 (In kW)
      Table 43: Solar Cells and Modules Market by Segment in Italy:
       2007-2015 (Sales in US$ Million)
      Table 44: Cumulative Installed PV Power by Application in the
      UK - 2006 (In kWp)

      Table 45: Solar Cells and Modules Market by Segment in the UK:
      2007-2015 (Sales in US$ Million)

      Table 46: Cumulative Installed PV Power by Application in
      Spain - 2006 (In kWp)

      Table 47: Solar Cells and Modules Market by Segment in Spain:
      2007-2015 (Sales in US$ Million)

      Table 48: Solar Cells and Modules Market by Segment in Russia:
      2007-2015 (Sales in US$ Million)

      Table 49: Cumulative Installed PV Power in Select Rest of
      European Regions - 2006 (In kWp)

      Table 50: Solar Cells and Modules Market by Segment in Rest of
      Europe: 2007-2015 (Sales in US$ Million)

      Table 51: Cumulative Installed PV Power by Application in
      Australia - 2006 (In kW)

      Table 52: Cumulative Installed PV Power by Application in
      Korea - 2006 (In kW)

      Table 53: Grid Vs. Solar Electricity in Thailand: 2005-2020

      Table 54: Solar Cells and Modules Market by Segment in Asia
      Pacific: 2007-2015 (Sales in US$ Million)

      Table 55: Cumulative Installed PV Power by Application in
      Israel - 2006 (In kW)

      Table 56: Solar Cells and Modules Market by Segment in Middle
      East: 2007-2015 (Sales in US$ Million)

      Table 57: Cumulative Installed PV Power by Application in
      Mexico - 2006 (In kW)

      Table 58: Solar Cells and Modules Market by Segment in Latin
      America: 2007-2015 (Sales in US$ Million)


 COMPANIES PROFILED
 

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