opportunities in photovoltaics: outline • introduction to moserbaer india and moserbaer...
TRANSCRIPT
Rajeewa (Rajiv) Arya
OPPORTUNITIES IN PHOTOVOLTAICS: MOSERBAER’S APPROACH
Proprietary & Confidential 02-Mar-09 1
Rajeewa (Rajiv) AryaChief Executive Officer
ISA SUMMIT : February 17, 2009
OUTLINE
• Introduction to Moserbaer India and
Moserbaer PhotoVoltaic (MBPV)
• Operations and Expansions
– Crystalline Silicon
– Thin Film
– Concentrator
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– Concentrator
– Systems
• Challenges in Present Environment
• Summary
02-Mar-09 2
� Largest producer of Optical Media in the world� 22% global market share
� 60% India market share
� Grew to top 3 position in 3 years
� Robust product range� CD-R/R/W, DVD-R/R/W/DL, HD HVD R/RW/DL, BD-
R/RE
Introduction Moserbaer – Optical Media
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� Strong IP basket, Patented and Proprietary technology in BD, HD DVD
� Top-tier customer base – all of the top 12
tech OEMs in the world
� Cost Leader� Low Capex / Capacity (Capacity/Gross Block < 60%
of Competition)
� Proprietary process, equipment design, Eng & R&D
� Lower people costs relative to competition
� PV industry landscape is going to be characterized by change = Cost is going to drive the industry
� Leverage rapid execution capability and bandwidth
� Focus on multiple technology verticals
� Multiple technologies will co exist for the next 5-10 years
� Implement technologies of today
� Low risk
� Significant room for cost reduction/innovation in existing technologies
PV Strategy
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� Significant room for cost reduction/innovation in existing technologies
� Industrialize technologies of tomorrow
� High risk – selective
� New technologies will have an impact
� Rapidly build scale
� Great technologies will die because they don’t get to market fast enough
� Capitalize the Indian market advantage
� Control over the eco system
� Home market advantage
Asia
Africa
AustraliaSouth
America
North
America
Europe
Source: Sharp and Solfocus
Geographical Dependence of PV Technology
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Mono Si
Multi-Si
CIGS
Technology choice dependent on ambient temperature and solar insolation
• Variation in solar insolation and temperatures across geographies
calls for specific technologies matching market requirements
• Traditionally “Solar Photovoltaic” implied “Crystalline Silicon PV
modules however technology developments in recent years show
product break throughs in-sync with requirement
� Thin films
� Concentrators
02-Mar-09 5
Moser Baer Verticals
MoserBaer Photo Voltaic
Crystalline Silicon
PV SystemsConcentratorsThin FilmSilicon
80 MW 40 MW 5 MW 250 kW
Vertical
Today
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Crystalline Silicon : 80 MW Production Line
3.65065
18.49769
21.7102
0
5
10
15
20
25
Q1 Q2 Q3
No
. o
f ce
lls
(x1
05)
Achievements
•• OEE of 91%OEE of 91%
•• Yield of 94%Yield of 94%
•• Efficiency of 15%Efficiency of 15%
•• Run both 125 & 156 . No losses Run both 125 & 156 . No losses
•• Managed up to 180 micron Managed up to 180 micron thicknessthickness
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55%
89%92%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Q1 Q2 Q3
% Y
ield
14%
14.40%
15%
13.40%
13.60%
13.80%
14.00%
14.20%
14.40%
14.60%
14.80%
15.00%
15.20%
Q1 Q2 Q3
Cel
l E
ffic
ien
cy
02-Mar-09 7
Silicon Solar Cell Manufacturing - Expansions
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Module Line Expansion
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Thin Film Business Vertical
� First plant with Amorphous ThinFilm single junction followed byMicrocrystalline Tandem junction.
� Capacity of first line is 40 MW� Glass Size 2.2 x 2.6 m2 (5.72 sq.m)� 17% lower installation cost due to
big size module
Single Junction Cell
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big size module� Monolithic laser interconnection� Glass-PVB-Glass encapsulation� Panel Power output:
� Full size: 340 W� Half size: 170 W� Quarter size: 85 W
Tandem Junction Cell
A-Si Thin Film Production � All front and back end process equipment
installed and manufacturing capability ofGen 8.5 size TF panel demonstrated in May
� Demonstrated First fully functional module of 6.6% efficiency, 370 W produced on July 17th.
� Plant operational (trial mode) for 3 shifts with 7.2%initial average efficiency.
� Production started from December 2008 � Civil work of 65 MW tandem plant is progressing
well.- equipment installation starting Jan 2009
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Thin Film : Module Grading schemeThin Film : Module Grading scheme
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Prop
rieta
ry
and 13
Module output power (stable) classified into Grades A+, A, B, C and D
INTERSOLAR Munich EXHIBITION
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New Capacity Timelines
All equipment on site & installed(April’09)
Plate level runs
(Dec’09)
65 MW project at Greater
Noida
Module Production
(Jan’10)
Commercial Production
(Q1’10)
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All equipment on site & installed(Nov’09)
Plate level runs
(May’10)
Module Production(July’10)
Commercial Production
(Q3’10)
02-Mar-09 15
500 MW project at Chennai
CHENNAI PROJECT: 500 MW PLANT
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2634 36
103
0
20
40
60
80
100
120
Sep
Oct
Nov
Dec
HCPV Panel Production
74%93% 97% 100%
84%
117%100% 100%
100%
Final yield First pass yield
• 1 manufacturing line (5 MW) qualified and
installed. Manufacturing equipment developed with
Indian vendors.• 2nd manufacturing line on order
• 30% capex savings realized compared to imported
option
• Supply chain established with local and imported
sources
• Processes implemented in compliance to ISO
Concentrators Rollout
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0%
50%
Sep Oct Nov Dec
• Processes implemented in compliance to ISO
9000:2000
• On-line solar simulator is amongst 1st in world to
produce collimated light emitting 1 sun equivalent
02-Mar-09 17
MBPV Product Portfolio
Product Characteristics USP
Business Verticals Variants Wattage
Crystalline Silicon Modules
Multi
Mono
5 to 250W
5 to 270 W
• Proven technology • Small to large
installations
Amorphous Thin Film Modules
Large Form
Mid Size
2.2m x 2.6m= 5.72m2
2.2m x1.3m = 2.86 m2
• Suitable for large / grid sized installations
• New technological developments offers immediate grid parity
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Conventional 1.1m x 1.3m= 1.43 m2immediate grid parity
ConcentratorHigh (500X)
Low (2X)
240W
40 to 200W
• Suitable for large installations with abundant sun
• Forecast to touch grid parity in mid-term
Systems Working across multitude of technologies and customer geographies and installation sizes
• Value added systems• Solar green field
projects• Renewable energy
provide
02-Mar-09 18
Moser Baer Capacity Ramp-up Plan
MoserBaer Photo Voltaic
Crystalline Silicon
PV SystemsConcentratorsThin FilmSilicon
80 MW 40 MW 5 MW 250 kW
Vertical
Today
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180 MW 105 MW 10 MW 15+ MW
300 MW 605 MW 50 MW 1000 MW
2009
Beyond
2009
� 50MW MNRE scheme
— Tariff support up to Rs 15/kWh ( ~$0.30 / kWh)
— 10MWs per State and 5 MWs per Project Developer
— More than 2000 MWs of proposals received by Government
� ‘Solar Mission’ created by the Prime Minister’s Office (PMO)
— Lessons learnt from the feedback to the 50MW scheme in terms of financial viability, tenure of subsidized tariffs, cheaper funding requirements, capacity, etc.
— These lessons have ‘changed’ the way Govt perceived Solar and is now very ‘positive’
— To announce Policy for 1000MWs in Phase 1 in next few months and then take it to
India : Developing Solar Market
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— To announce Policy for 1000MWs in Phase 1 in next few months and then take it to 5000MWs by 2015
� Progress so far
— Most of the 50MWs has been allocated to various Project developers
— The progress has been slow so far because of some regulatory and procedural issues primarily because this is the first time such a policy has been announced for Solar
� Forecast
— With the ‘Solar Mission’ on the verge of announcing at least a 1000MW policy, it is expected that in the next 3-5 years, all of this will be installed on ground
— Apart from that, the States of Rajasthan & Gujrat have announced intentions to install approx 200-300 MWs over the next 1-3 years independent of the central subsidy
� Other than providing Turn-key solutions for Solar Farms, MB is now aggressively entering into other segments of PV
� Telecom Towers
— Very attractive segment providing break-even in 6-8 years
— Players eligible to avail 80% accelerated depreciation benefit
— Already installed a few projects in Southern India; Will be doing some 40 sites in Bangladesh; In discussions with all major telecom tower players
Roof-top installations
PV Systems
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� Roof-top installations
— Our custom-designed Hybrid systems provide break-even in 4-6 years
— These are grid-connect SPV systems linked to the grid and DG
— Have done multiple projects in varying sizes
— Recently won India’s largest stand-alone system business – 140kW to be put up in Gujarat on roof-top of a Govt building in next 2-3 months
— Nominated to do a 1MW roof-top project in 2010 for a real-estate company
— In serious discussions for a 1MW grid-connect roof-top SPV project with a customer in Haryana
Some of the completed Projects
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Challenges in Present Financial Environment
• European Banks are “closed” for business
– Even sanctioned projects delayed/ deferred
• Spain restricted cap on total installation
• France and Italy still not finalized subsidy
• USA wild card for 2009-2010
• Financing for capacity expansion
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– Cost reduction strongly dependent on volume expansion
• Financing for small and large PV systems in India
• Financing for solar power solution for off-grid applications in India ( Rural banks, ATM’s, water pumping, etc.)
02-Mar-09 23
Summary – Moserbaer PhotoVoltaic
♦ Vertically integrated PV player in silicon segment - technology, cost leader.
♦ Capacity points to achieve economies of scale, limit risks.
♦ Large substantive player in rapidly growing Indian market.
♦ Only player participating in all technology verticals - De risked strategy
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♦ Majority of verticals start production in FY 08
♦ Sharp capacity ramp up of all verticals in FY 09 & FY 10
♦ Positioning to be leader in Cost ($/watt) and expand market in all the verticals
World’s first
largest Thin
Film module
Produced
at MOSER
BAER
Proprietary & Confidential
Film module BAER
THANK YOU