DuPont launches photovoltaic product business in
DuPont has announced the introduction of its DuPont
Photovoltaic Solutions (DPVS) business in India.
DuPont Photovoltaic Solutions is a global supplier
of both crystalline silicon and thin film modules
that provide solar energy. The DPVS product portfolio
includes films, resins, encapsulant sheets, flexible
substrates, and conductive pastes for both crystalline
silicon and thin film modules to the photovoltaic
industry in India.
Through investments in materials, technology development
and manufacturing, DuPont is accelerating its ability
to improve the lifetime and efficiency of photovoltaic
cells and modules, and to deliver enough production
capability to help keep pace with the fast rising
“The most important factor for continued rapid market
growth is to invest in solutions that meet the needs
of this market,” said Marc Doyle, global business
director – DuPont Photovoltaic Solutions. “India
has been identified as having a high potential for
market growth in solar energy and this segment will
drive the company’s strategic growth in the country.”
To support the solar energy market in India, the
company plans to establish a photovoltaic lab by
2010 at the DuPont Knowledge Center in Hyderabad.
This lab will provide technical and research facility
support to DuPont customers in the solar energy
industry. DuPont Photovoltaic Solutions will also
install a photovoltaic array at the DuPont Knowledge
Center in order to generate a portion of the center’s
energy requirements from renewable solar energy.
“Driven by India’s geographical location, government
incentives to promote renewable energy and increasing
energy requirements in the country, India will emerge
as a large manufacturing base for photovoltaic cell
and module production and DuPont is delighted to
be able to provide material solutions to the domestic
manufacturers,” said Balvinder S. Kalsi, president & CEO
– DuPont India.
DuPont anticipates that the photovoltaic market
will grow by more than 50 percent in each of the
next few years, driving demand for existing and
new materials that are more cost effective. DuPont
expects that its sales of several product lines
into the photovoltaic industry could exceed $1 billion
within the next five years.