India is the most attractive out of the 15 emerging solar markets; according to a report by Lux Research
India poised for big solar power growth - report
LOS ANGELES | Thu Jan 6, 2011 4:30am IST
"India comes away as by far the most attractive market for long term growth out of these that we looked at," said Jason Eckstein, a Lux Research analyst and the report's lead author.
Under its Solar Mission plan, unveiled last year, India is poised to add 20 gigawatts of solar power by 2022. The plan favors domestic manufacturers of crystalline silicon solar modules, including Moser Baer and Tata BP Solar, a joint venture of Tata Power Co Ltd and BP.
In the United States, First Solar Inc is poised to benefit from India's adoption of solar power because its solar panels are made of cadmium telluride and are not subject to the domestic content requirement.
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