"We started in 2021 with the vision of bringing the latest technology and offerings into the Indian market.We aim to maintain this momentum, picturing ourselves as a leading manufacturer with higher wattage and higher efficiency facilities."
Q. How do you see Credence Solar expanding over the next five years or so?
Please enlighten our readers about the marvelous journey so far? “We started in 2021 with the vision of bringing the latest technology and offerings into the Indian market. The idea stemmed from the observation that if Chinese companies could do it, why couldn’t we do it here in India? Hence, in 2022, we proudly produced our first module in our facilities, the 670W G2G, at a time when no one dared to do so. We aim to maintain this momentum, picturing ourselves as a leading manufacturer with higher wattage and higher efficiency facilities, aiming for 5GW in the next 5 years.”
Q. What is your current manufacturing capacity? What are your expansion plans?
“From a production capacity of 200MW in 2023, we have now expanded to a capacity of 600MW, equipped with the latest machinery capable of handling 20BB and the highest module sizes. As market demand continues to increase, we are committed to further expanding our capacity. Another line of 600MW is planned to be executed by the end of 2024.”
Q. What is the scope for Half Cut Mono PERC Bifacial module in India and what is Credence’s focus and why?
The scope for Half Cut Mono PERC Bifacial modules in India is promising due to several factors like High Efficiency:, Bifacial Technology, Decreasing Costs, better generation and life of glass to glass stands better, Lower LCOE and immediate ROI. Credence’s focus on Half Cut Mono PERC Bifacial modules aligns with these market trends and technological advancements. By specializing in this type of module, Credence can differentiate itself in the market and offer a product that meets the growing demand for higher efficiency and performance. Additionally, focusing on bifacial technology demonstrates Credence’s commitment to innovation and staying at the forefront of the solar industry. Moreover, given India’s diverse climatic conditions and large land availability, bifacial modules have significant potential for deployment across various regions and applications. They can be particularly beneficial in areas with high levels of diffuse sunlight or where ground reflectivity is substantial, such as deserts or snow-covered regions. Therefore, Credence’s focus on Half Cut Mono PERC Bifacial modules positions the company strategically to capitalize on the expanding solar market in India and cater to the evolving needs of customers looking for reliable and efficient solar solutions.
Q. What policy changes would you like to see to help Solar PV Modules flourish?
Is there anything else that can boost the solar installations in India? To further facilitate the flourishing of Solar PV Modules and boost solar installations in India, several policy changes and additional measures could be beneficial. Simplifying and streamlining the permitting and approval processes for solar projects can significantly reduce the time and costs associated with project development. Continued financial incentives and subsidies for solar installations, such as tax credits, grants, and low-interest loans, can make solar energy more affordable and attractive for consumers and businesses. Improving grid integration capabilities and enhancing the infrastructure to accommodate larger-scale solar installations is crucial. investment in research and development (R&D) initiatives focused on solar energy technologies can drive innovation and cost reductions in PV modules. Government support for R&D programs, collaborations between academia and industry, and technology incubators can spur advancements in solar PV efficiency, durability, and performance. Providing long-term policy stability and regulatory certainty is essential for attracting investment in the solar sector.
Q What are the roadblocks in the pathway of India’s Solar Modules segment’s growth trajectory?
Despite significant progress, India’s solar module segment still faces several roadblocks that hinder its growth trajectory. Securing land for solar projects can be a lengthy and complex process due to issues such as land availability, land use conflicts, and regulatory hurdles. Delays in land acquisition and obtaining necessary permits can prolong project timelines and increase costs. Access to affordable financing remains a challenge for many solar developers and investors in India. Limited availability of long-term debt financing, high interest rates, and perceived risks associated with solar investments can constrain project development and deployment. Inadequate grid infrastructure and connectivity challenges, particularly in remote or rural areas, can hinder the integration of solar power into the grid. Insufficient transmission capacity, voltage fluctuations, and grid stability issues may require costly upgrades and investments to accommodate large-scale solar installations. Despite the government’s efforts to promote solar energy through various policies and incentives, regulatory uncertainty and frequent policy changes remain a concern for investors and developers.
Q. Could you tell us about your major projects and clientele you are catering to?
“Our major supplies are for IPP companies, with less focus on retail. However, we have associates through whom we cater to the retail segment. Some of our ongoing supplies include projects such as the Bangalore Metro, CPWD, several Discom-based supplies and IPP requirements”
Q. What are the latest products that Credence Solar has launched at REI Expo 2023?
“We introduced the maximum power of 720W in Topcon 18BB during the last REI. This marked the beginning of the era of 700Wp+ by an Indian manufacturer. In RenewX, we will be exhibiting our models up to 685W, which is the highest listed in ALMM to date.”
"Icon Solar strategically segments its product offerings to meet diverse market needs. Ranging from residential to industrial usage our solar panels And our commitment to quality and reliability is underscored by our adherence to stringent standards set by accreditation bodies."
Q. What strategic initiatives and actions is undertaking to realize its vision and mission, and how do these efforts contribute to creating value for customers while promoting renewable energy adoption?
Our company is actively pursuing several strategic initiatives and actions to achieve its vision and mission. These efforts primarily focus on leveraging innovative technologies, enhancing operational efficiency, and fostering partnerships within the solar energy sector. Our solar panels are designed to meet the needs of both residential rooftops and commercial and industrial (C&I) applications. For households, our panels offer a reliable and sustainable energy solution, supporting on traditional grid electricity and lowering utility costs. Similarly, for C&I customers, our panels help reduce operational expenses while demonstrating a commitment to environmental responsibility. With a focus on durability, efficiency, and performance, our solar panels empower customers to embrace clean energy solutions, driving renewable energy adoption and supporting sustainability objectives.
Q. Icon Solar offers a diverse range of solar panels classified under product lines such as Rig, Saam, Yajur, and Atharva. How does the company strategically segment its product offerings to cater to different market segments and applications, ranging from residential to industrial usage?
Icon Solar strategically segments its product offerings to meet diverse market needs. Ranging from residential to industrial usage, our solar panels, including Rig, Saam, Yajur, and Atharva, cover various wattage options. Rig caters to smallscale applications, while Saam targets household rooftops and small projects. Yajur serves larger residential and commercial installations, and Atharva meets the demands of mega projects and industrial applications. Across these lines, we employ Mono PERC technology, ensuring efficiency and reliability for lighting, pumps, household rooftops, industrial projects and Utility Scale Projects.
Q. Products are accredited by BIS, IEC, and ALMM, underscoring the company’s commitment to quality and reliability. How does you ensure adherence to these stringent quality standards throughout the manufacturing process?
Our commitment to quality and reliability is underscored by our adherence to stringent standards set by accreditation bodies such as BIS, IEC, and ALMM. These certifications establish benchmarks against which our solar panels are rigorously evaluated, ensuring consistency and excellence in our products. Furthermore, we align with government policies provided by MNRE, incorporating relevant regulations into our manufacturing processes. By upholding these standards and regulations, we guarantee that our solar panels not only meet but exceed industry benchmarks for quality and reliability, providing customers with confidence in their investment in renewable energy solutions.
Q. What are the plans to leverage emerging market opportunities, technological advancements, and policy support for renewable energy to drive its growth trajectory in the coming years?
We have recently introduced the latest technology of TOPCON Solar Panels to meet the evolving demands of emerging markets. While we are actively taking orders for these panels and ensuring prompt delivery within a couple of weeks, we recognize that the demand for Mono PERC panels will remain significant for years to come. Additionally, being listed on the ALMM by the Ministry of New and Renewable Energy (MNRE) will provide significant leverage for Indian solar panel manufacturers, allowing us to strengthen our position in the market. Moreover, the implementation of Domestic Content Requirement (DCR) module tracking by MNRE will not only enhance the quality of solar projects but also promote best practices within the solar industry, fostering sustainable growth and development.
Q.Icon Solar attributes its success to the quality consciousness and vitality of its team, comprising both youthful talent and industry experts. How does the company foster a collaborative and innovative work culture to harness the collective expertise of its team members?
The success of Icon Solar is attributed to its quality-conscious approach and the vitality of its diverse team, comprising both youthful talent and seasoned industry experts. Through open communication, a healthy environment, and crossfunctional collaboration, our young and energetic team thrives, resulting in an impressive 99% team retention rate. We prioritize the provision of bestin-class training programs to our team, equipping them with the necessary skills and knowledge to excel in the market. Furthermore, we emphasize the cultural and overall development of our team members, recognizing that their growth and fulfillment contribute significantly to achieving organizational goals. With a shared enthusiasm for the solar sector, our collaborative and innovative work culture propels us toward continued success and excellence.
Q. Can you elaborate international distribution network for solar panels and the key markets the company serves outside of India?
We have established a robust international distribution network for our solar panels, leveraging strategic partnerships and distribution channels. Currently, we serve key markets outside of India, including Africa, Sri Lanka, and various East Asian countries. Additionally, we are on the verge of expanding our distribution operations to European countries in the near future. The international demand for our products continues to grow, with significant interest and requirements emerging from various markets worldwide.
Q. What are the plans to leverage its participation in RenewX 2024 to effectively engage with a diverse array of stakeholders and foster new partnerships aimed at driving future growth and expansion?
Participating in RenewX 2024 presents us with a valuable opportunity to engage with a wide range of stakeholders within the renewable sector. During this event, specifically tailored for the renewable energy industry, we aim to connect with industry counterparts, exchange insights, and learn about emerging trends. Additionally, RenewX provides an ideal platform for us to explore potential partnerships and opportunities for future growth and expansion. Moreover, the event serves as an excellent avenue for facilitating purchase and sales transactions, further enhancing our market presence and fostering business relationships within the Solar energy ecosystem.
"Our main purpose is to lead the energy and automation sectors at Fuji Electric by redefining benchmarks in efficiency, safety, and customer service excellence."
Q. Can you give us a brief overview of the company’s on-going work in the energy sector?
Fuji Electric India plays a pivotal role in shaping the Indian energy landscape. Our wide range of solutions can address many industry requirements that depend on uninterrupted power. We deliver power protection and conditioning systems with great durability, advanced power electronics, state-of-the-art industrial automation and precision instrumentation solutions. The products are designed so that there is no interruption in electricity supply while at the same time improving power quality, efficient use of energy as well, and improved operation in various fields. Our promise of reliability, coupled with inventiveness and sustainability, make us a reliable partner to all businesses dealing with complicated current and future energy challenges today.
Q. What has been the major objective of your company thus far?
Our main purpose is to lead the energy and automation sectors at Fuji Electric by redefining benchmarks in efficiency, safety, and customer service excellence. We are committed to creating and delivering innovative products and solutions that focus on sustainability, energy savings, and adherence to strict safety standards within various industries. Our ultimate aim is to equip our customers with state-of-the-art technologies that will help them operate optimally and safely and support a greener future where everything works more efficiently.
Q .What are Fuji Electric India’s solutions for renewable energy?
Fuji Electric India has established itself as a leader in providing comprehensive solutions across various energy domains. In the renewable energy sector, our Solar Inverters and PCS (Power Conversion Systems) solutions are designed to harness solar energy efficiently, contributing significantly to sustainable power generation. These solutions integrate advanced technologies such as maximum power point tracking (MPPT) algorithms and grid-tied functionality, ensuring optimal energy conversion and seamless integration with the electrical grid. Additionally, our portfolio includes a wide range of power electronics solutions tailored for thermal energy applications, including UPS systems, voltage stabilizers, and power conditioning units. These solutions play a crucial role in ensuring a stable and reliable power supply for critical operations in industries reliant on thermal energy sources. In the nuclear power and fuel cell sectors, Fuji Electric offers advanced solutions prioritizing safety, efficiency, and grid compatibility, facilitating the transition towards cleaner and more sustainable energy sources. Our holistic approach to energy solutions encompasses a deep understanding of industry requirements and a commitment to delivering cutting-edge technologies that empower businesses to achieve their energy goals effectively.
Q. Fuji Electric approach for the Renewable energy segment.
Our approach to the renewable energy segment is anchored in innovation, reliability, and sustainability. Our Solar Inverters and PCS solutions exemplify this approach by integrating state-of-the-art features such as grid-tied functionality, maximum power point tracking (MPPT), and seamless integration with renewable energy sources. These solutions optimize energy conversion and contribute significantly to grid stability and environmental conservation. Our emphasis on continuous research and development ensures that our solutions remain at the forefront of technological advancements, empowering businesses to harness renewable energy effectively and drive positive change in the energy landscape. Furthermore, our commitment to sustainability extends beyond product development; we actively collaborate with industry stakeholders, participate in renewable energy initiatives, and advocate for sustainable practices to create a greener and more sustainable future. By leveraging our expertise, experience, and values, Fuji Electric is committed to catalysing sustainable energy solutions that benefit businesses, communities, and the environment.
Q. How do you envision your company evolving over the next few years in light of the established goals and vision?
In a rapidly evolving business landscape, embracing innovation and technology is paramount to staying ahead of the curve. We at Fuji Electric have a legacy of fostering a culture that encourages creativity and experimentation that unlock new possibilities and drive sustainable growth. With this objective, Fuji Electric is committed to invest more to further ramp up our manufacturing facilities and our R&D centers (Both Chennai and Pune). We are on the way to become a premier energy and automation solutions provider in few years, aligning closely with the “Make in India for India” initiative. As mentioned earlier, our strategic roadmap includes expanding manufacturing capabilities within the country, enhancing R&D infrastructure to develop products tailored specifically for Indian industries, and fostering collaborations with local partners and suppliers. By adopting the “Make in India” ethos, we aim to meet and exceed the unique requirements of Indian businesses across various sectors. Our commitment extends to supporting Indian industries in their quest for operational excellence, energy efficiency, and sustainability, thereby contributing significantly to the growth and development of the Indian economy.
Q. What are going to be the mission and intention of your company in the long term?
Our long-term mission is centered around driving positive change and creating a sustainable impact in the energy and automation sectors. We are committed to continuous innovation, customercentricity, and operational excellence across all facets of our business. Our goal is to deliver tangible value to our stakeholders, ensure the well-being of our employees, and contribute meaningfully to building a sustainable society. By leveraging our expertise and technological advancements, we aim to address the evolving energy challenges, promote environmental stewardship, and empower industries with efficient automation solutions. Our mission is to be a catalyst for positive transformation, fostering growth, resilience, and sustainability in the sectors we serve.
"Ginlong (Solis), a pivotal figure in the renewable energy sector, is recognized for its intensive focus on the development, production, and provision of string inverters, which are essential to photovoltaic (PV) power generation systems."
Q. Can you provide an overview of Solis Inverter, highlighting its prominence in the photovoltaic (PV) inverter industry?
Ginlong Technologies, trading under the name Solis and listed on the stock exchange with the code 300763.SZ since 2005, ranks as the thirdlargest manufacturer of PV inverters globally. Our company offers a comprehensive array of solar and energy storage solutions for a variety of market segments, including residential, commercial, and industrial sectors. Under the Solis brand, we utilize advanced string inverter technology to produce products known for their reliability, a claim supported by numerous international certifications. Our approach combines a worldwide supply chain with leading-edge research and development, plus manufacturing capabilities, allowing us to customize our Solis inverters for specific regional needs. Local teams across the globe provide unparalleled service and support, ensuring our products meet the highest standards. Financial institutions recognize our bankability, ensuring our customers enjoy secure, profitable investments. By working closely with all our partners, Solis is dedicated to accelerating the global transition to sustainable energy sources.
Q. Highlight the key developments at Solis that demonstrate a commitment to long-term growth and innovation.
Over its 19-year journey, Solis has firmly established itself as a frontrunner in the production of PV and energy storage inverters, now boasting a global workforce of approximately 4,500. A significant portion of this team, 20%, is devoted to research and development (R&D), which has enabled us to distribute more than 26.4GW worth of our products globally in 2022 alone. In 2023, Wood Mackenzie has recognized Solis as the world’s third-largest PV inverter manufacturer, reflecting our unwavering dedication to pioneering new technologies, maintaining high-quality standards, and embracing sustainable practices. Additionally, our inclusion in BloombergNEF’s Tier 1 PV Inverter Manufacturers list for the fourth quarter of 2023 further validates our prominent standing on the global stage and our ongoing commitment to achieving excellence in all areas of our operations.
These accolades not only highlight our current achievements but also reflect our strategic focus on nurturing innovation and ensuring sustainability. Our substantial investment in R&D underscores our belief in the importance of continuous improvement and adaptation in a rapidly evolving industry. By prioritizing advancements in solar and energy storage technology, Solis is not just preparing for the future; we’re actively shaping it, ensuring that we remain at the forefront of the renewable energy sector for the long haul. Our vision extends beyond immediate gains, focusing on the development of solutions that contribute to a more sustainable and energy-efficient world, demonstrating our commitment to making a lasting impact on the industry and the planet.
Q. Could you provide insights into Solis’s range of products, including the single-phase, three-phase, and utility-scale inverters?
Ginlong (Solis), a pivotal figure in the renewable energy sector, is recognized for its intensive focus on the development, production, and provision of string inverters, which are essential to photovoltaic (PV) power generation systems. Solis inverters have iterated from the first-generation to the sixthgeneration inverter technology platform. Solis’s product portfolio is extensive, catering to a wide array of energy requirements. This includes singlephase inverters designed for residential settings, three-phase inverters suitable for commercial use, and utility-scale inverters developed for major energy projects, ensuring a match for specific power needs. Our single-phase inverter selection covers a power range from 0.6kW to 10kW. These inverters are built for simplicity in installation and flexibility, offering grid-tied, hybrid, and off-grid options to accommodate various residential PV setups on single-phase electrical systems. The S6- GR1P(2.5-6)K-S is a single-phase model that will soon be available in the Indian market, and notably, it has an MPPT paralleling function, which will be of excellent economic benefit in Indian households. For commercial endeavors, our three-phase inverters, which are all string inverters, range from 5kW to 320kW. Among these, the 20kW models are often utilized in sizable residential PV installations, while the S6-GC(100-125)K versions are typically chosen for Indian commercial PV systems. On the utility-scale front, Solis provides 255kW and 320kW inverters that operate on 1500VDC and 800VAC, aimed at boosting system efficiency and minimizing operating expenses. Additionally, we offer a selection of C&I storage hybrid inverters and PCS products, including the S6-EH3P(29.9-50) K-H and S6-PCS100K-M, tailored for energy storage applications. With a strategic focus on the utility market, Solis was uniquely positioned to address the burgeoning energy demands of India’s utilities sector with the star product S6 GU350K Inverter. The company’s dedication to delivering high-performance solutions tailored for utilityscale projects was evident through its continued successes and expanding presence in the market. Beyond the realm of inverters, Solis’s product lineup extends to include data loggers, communication devices, energy export power managers, and SolisCloud. These tools and platforms are designed to aid our customers in the effective development, management, and utilization of clean energy solutions.
Q. What range of solutions and products does Solis offer to meet the diverse energy requirements in the residential, commercial, and industrial sectors, including energy storage, and what are their distinctive features and technologies?
Solis is deeply committed to addressing the diverse energy demands across residential, commercial, and industrial sectors, including the realm of energy storage. This commitment is reflected in our broad spectrum of renewable energy generation and management solutions, designed with versatility and reliability at their core. For residential purposes, Solis presents an extensive lineup of inverters, spanning 16 series for both single-phase and three-phase power systems. These inverters, ranging in power from 3kW to 23kW, are notable for their compact and lightweight design, making installation straightforward. They are fully compatible with high-efficiency, highpower photovoltaic (PV) panels, supporting a maximum string current of 20A. Furthermore, they come equipped with numerous protective and intelligent monitoring features to enhance system safety and reliability. In the commercial and industrial sectors, Solis introduces over 12 inverter models designed for three-phase grid systems at four voltage levels (230VAC, 400VAC, 500VAC, and 540VAC), with capacities from 40kW to 150kW. These models incorporate advanced multi-MPPT technology for improved safety and cost-efficiency. They are engineered to be compatible with high-efficiency and bifacial modules, offering efficiencies up to 99% and IP66 protection against harsh environmental conditions. For utility-scale projects, Solis has developed two main series of inverters, designed to optimize operational costs and efficiency through features like 1500VDC and 800VAC levels, over 12 MPPTs for panel mismatch reduction, and integrated modular PID repair for sustained performance. Moreover, Solis’s robust offering in energy storage includes over 15 models for residential applications and scalable solutions for commercial projects, ensuring sophisticated energy storage systems with easy integration and operational efficiency, catering to a comprehensive range of energy management and supply needs.
Q. What does Solis offer in terms of personalized services and support to ensure service excellence for their clients?
Solis prides itself on providing tailored customer services, supported by an expansive network of 35 service centers worldwide. The company has set up specialized local teams dedicated to various aspects of customer engagement, including product design, marketing, sales, technical support, and after-sales services, ensuring highquality localized service. This structure allows Solis to offer prompt and effective assistance to clients, with immediate phone and online support available from local technicians. The company’s approach to after-sales service is designed to be both straightforward and efficient, reflecting its deep commitment to delivering service excellence. This comprehensive support system underlines Solis’s dedication to meeting the needs of its clients through every stage of their journey, from initial inquiry to ongoing technical support and maintenance, ensuring customer satisfaction and trust in Solis’s renewable energy solutions.
Q.What objectives and aspirations does Solis have looking forward to?
At Ginlong (Solis), our drive towards innovation never ceases, especially with a keen eye on enhancing the sustainability and efficiency of our solar inverters and energy solutions. Our ultimate goal is to achieve significant environmental and economic advantages, crafting technologies that will enable the globe to harness clean energy for its power needs. This vision not only guides our current endeavors but also shapes our future efforts to contribute positively to both the planet and its inhabitants through renewable energy
"EKI and similar providers play a pivotal role in catalyzing change within the carbon offset market. By spearheading awareness campaigns, fostering collaborations, and championing technological innovations, they are instrumental in making Carbon Capture, Utilization, and Storage (CCUS) solutions more accessible and effective in combating the pressing issues of climate change."
Q. Could you elaborate on the services provided by CCUS solution providers, such as EKI Energy Services Ltd., in advising and facilitating investment for corporates and investors aiming to achieve NetZero and carbon neutrality commitments?
CCUS services are gaining traction globally as a pivotal solution in the fight against climate change. Providers in the carbon offset market, including EKI Energy Services Ltd., are actively engaged in tracking and promoting the development of CCUS technologies, particularly in regions like the Indian subcontinent.
CCUS services encompass a range of activities including strategic advisory, project development, investment facilitation, and commercialization support to foster innovation and accelerate the adoption of CCUS solutions on a mass scale, contributing to global efforts to mitigate carbon emissions and combat climate change.
Strategic Advisory: This involves providing expert guidance and recommendations to stakeholders on strategic decisions related to CCUS initiatives. By providing strategic guidance, CCUS services help stakeholders navigate the complex landscape of carbon capture, utilization, and storage technologies, ensuring informed decision-making and effective implementation. It includes assessing the regulatory landscape, identifying market opportunities, and advising on policy frameworks to support the successful implementation of CCUS projects.
Project Development encompasses the planning, design, and execution of CCUS projects from inception to completion. It involves conducting feasibility studies, assessing technological options, securing necessary permits and approvals, and overseeing project execution to ensure successful implementation.
Investment Facilitation is guidance and simplification of funding and financing opportunities for CCUS projects. It includes connecting project developers with potential investors, navigating financial instruments and incentives available for CCUS initiatives, and assisting in the development of business cases to attract investment.
Commercialization Support: This entails supporting the integration of CCUS technologies into existing industrial processes and commercial applications. It includes providing technical expertise, conducting pilot projects to demonstrate feasibility, and facilitating partnerships with industries to deploy CCUS solutions at scale. These services play a crucial role in advising and facilitating investment for corporates and investors, especially those operating in industries with significant carbon emissions such as petroleum, natural gas, and metallurgy. The goal is to support these entities in achieving their NetZero and carbon neutrality commitments by leveraging high-quality removal credits generated through CCUS projects.
Providers like EKI and others in the carbon offset market are instrumental in driving awareness, facilitating partnerships, and advancing technological advancements to make CCUS more accessible and impactful in addressing the challenges of climate change.
Q. What role do CCUS technologies play in achieving Sustainable Development Goal 13 (Climate Action) and how do they contribute to global efforts to limit temperature rise and combat climate change?
CCUS technologies help reduce greenhouse gas emissions by capturing CO2 emissions from industrial processes, power plants, and other sources before they are released into the atmosphere. By capturing and storing CO2 with scientifically proven permanency of storage or utilizing it for various industrial processes, CCUS technologies remove or prevent significant amounts of CO2 from entering the atmosphere, thereby reducing the overall concentration of greenhouse gases and mitigating climate change.
They also enable the utilization of captured CO2 for various purposes, including enhanced oil recovery (EOR), carbon-negative concrete production, and the production of synthetic fuels and chemicals. By utilizing CO2 as a valuable resource in these applications, CCUS technologies promote circular economy principles and reduce reliance on fossil fuels, thus contributing to sustainable development and climate mitigation.
CCUS technologies play a critical role in enabling the decarbonization of hard-to-abate sectors such as cement, steel, and chemicals production, which are significant contributors to global carbon emissions. By capturing and storing CO2 emissions from these sectors, CCUS technologies facilitate the transition to low-carbon and net-zero emission pathways, aligning with the objectives of Sustainable Development Goal 13 and global climate action initiatives.
They provide a viable pathway to significantly sequester or reduce carbon emissions, promote sustainable development, and contribute to achieving the objectives of Sustainable Development Goal 13 by limiting temperature rise and advancing global climate action efforts.
Q. How do you perceive the safety and efficacy of CO2 storage methods, particularly in geological formations, and what measures are in place to ensure the security and integrity of these storage sites?
Geological storage of CO2 involves injecting captured CO2 deep underground into suitable geological formations, such as basalt rock formation, depleted oil and gas reservoirs, saline aquifers, or unmineable coal seams, where it is securely stored over long periods.
In such a situation, a thorough geological assessment, risk assessment, and appropriate regulatory frameworks among other factors play and important part in ensuring safety of these sites. Geological Assessment: Thorough geological assessment is conducted to identify suitable storage sites with characteristics such as porosity, permeability, and caprock integrity conducive to safe and secure CO2 storage.
Site Characterization: Detailed site characterization studies are conducted to understand the geological structure and integrity of the storage formations, including potential risks such as fault lines or geological anomalies that could compromise storage security. Injection Monitoring: Continuous monitoring systems are implemented to monitor CO2 injection and migration within the storage formation, ensuring that injected CO2 remains confined and does not leak into surrounding groundwater or surface ecosystems.
Caprock Integrity: Caprock formations, which act as natural seals to prevent CO2 leakage, are carefully assessed to ensure their integrity and effectiveness in containing injected CO2 over time. Risk Assessment: Robust risk assessment methodologies are employed to identify and mitigate potential risks associated with CO2 storage, including seismic activity, induced seismicity, and leakage pathways.
Regulatory Frameworks: Stringent regulatory frameworks and monitoring protocols are established to govern CO2 storage operations, ensuring compliance with safety standards and environmental regulations. Some of the specific measures are already in place for the safety part like implementation of standards in well construction and design to prevent leakages, monitoring and verification (geophysical surveys, groundwater monitoring, etc) of the storage sites, emergency handling procedures, among others.
Q. Looking towards the future, how do you envision the role of CCUS technologies in transitioning towards a low-carbon economy and addressing emissions from hard-to-abate sectors like heavy industry and power generation?
By capturing CO2 emissions from industrial processes and power plants, CCUS technologies enable the continued use of fossil fuels in hard to decarobonization application, with a gradual reduction while significantly reducing emissions, thereby supporting the transition to a low-carbon economy. These are basically the sectors where complete and sudden decarbonization won’t just pose a threat to the industry as a whole but also impair the functioning of the world. Which is why the industries like power generation are still heavily reliant on the burning of fossil fuels and subsequent thousands of tonnes of emissions. While these emissions cannot be avoided completely, CCUS technology helps in managing those emissions and acts like a shock absorbing cushion, giving time to the industry to gradually decarbonize.
They complement renewable energy deployment by providing a reliable and flexible solution for addressing emissions from sectors where electrification or renewable energy integration is challenging or economically unfeasible. By capturing and storing CO2 emissions from these sectors, CCUS technologies help mitigate climate change impacts and support the achievement of climate mitigation goals.
The deployment of CCUS technologies in hard-toabate sectors drives innovation and investment in low-carbon technologies and infrastructure. By incentivizing research and development, technology demonstration projects, and private sector investments in CCUS deployment, governments and industries can accelerate the transition towards a low-carbon economy while fostering economic growth and job creation. CCUS technologies are essential for transitioning towards a low-carbon economy and addressing emissions from hard-to-abate sectors like heavy industry and power generation. By capturing and storing CO2 emissions, CCUS technologies enable the decarbonization of these sectors, support climate mitigation goals, drive innovation and investment, and enhance energy security, thereby
Q. What are some of the key technological advancements and innovations in CCUS methods that you anticipate will drive further adoption and scalability in the coming years?
Continued advancements in carbon capture technologies, including post-combustion capture, pre-combustion capture, and oxy-fuel combustion, are expected to enhance capture efficiency, reduce energy penalties, and lower the cost of capturing CO2 emissions from industrial processes and power plants. These methods are retrofit-friendly and can be applied to existing power plants and facilities, offer high purity CO2 streams. On the other hand, novel materials and chemical formulations like next-generation solvents and sorbents are being explored to enhance the efficiency and reliability of CO2 capture systems. Innovations in CO2 utilization and conversion technologies are expanding the range of applications for captured CO2, including the production of synthetic fuels, chemicals, building materials, and consumer products. Direct Air Capture technologies, which involve capturing CO2 directly from the atmosphere, are gaining attention as a complementary approach to traditional carbon capture methods, especially in urban areas grappling with pollution. Advancement in monitoring technologies in CCUS has been revolutionary and will continue to revolutionise the adoption and scalability. Geophysical imaging, satellite monitoring, and microseismic monitoring, are anticipated to improve reservoir characterization, enhance storage security, and enable real-time monitoring of CO2 migration and storage integrity. Integration of CCUS systems with other industrial processes, such as hydrogen production, biomass conversion, and mineral carbonation, is also expected to enhance overall system efficiency and economics. Integrated CCUS systems leverage synergies between different processes to optimize energy use, reduce costs, and maximize CO2 utilization or storage potential.
Q. How can policy support, regulatory frameworks, and carbon pricing mechanisms incentivize the deployment of CCUS technologies and accelerate their integration into mainstream climate mitigation strategies?
Governments can provide financial incentives such as tax credits, grants, and subsidies to encourage investment in CCUS projects, offsetting the high upfront costs associated with deployment and making carbon capture investments more attractive to industries and investors. Additionally, implementing carbon pricing mechanisms like carbon taxes or cap-and-trade systems creates a financial incentive for industries to reduce their carbon emissions, motivating them to invest in CCUS technologies as a means of avoiding carbon-related costs. Regulatory frameworks mandating emission reduction targets or the adoption of CCUS technologies further drive investment in carbon capture by compelling industries to comply with emission standards. Long-term policy stability and regulatory certainty are crucial for attracting investment in CCUS projects, necessitating the establishment of clear and consistent policies supporting carbon capture over the long term.
This in addition to international collaboration between governments, industries, and international organizations is essential for facilitating the deployment of CCUS technologies on a global scale, driving their integration into mainstream climate mitigation strategies through knowledge sharing, policy coordination, and international frameworks. Governments can also allocate funding for research and development initiatives focused on advancing CCUS technologies and reducing their costs, accelerating the development and commercialization of more efficient and cost-effective solutions.
Q. In what ways did EKI’s involvement in Vibrant Gujarat Summit achieve strategic goals and strengthen its position in the market?
EKI’s participation in Vibrant Gujarat summit aligned with its goals and bolstered its market position by showcasing its services, solutions, and technologies at a prominent event, highlighting our commitment to sustainability and net zero future. This enhanced brand visibility and reputation among industry peers, potential clients, and stakeholders, ultimately strengthening EKI’s position as a trusted and credible player in the market. Participation in Vibrant Gujarat provided EKI with valuable networking opportunities, allowing the company to connect with industry experts, decision-makers, and potential business partners.
By engaging in discussions, sharing insights, and forging strategic partnerships during the event, EKI expanded its professional network, fostered collaborations, and laid the groundwork for future business opportunities, ultimately contributing to its growth and market expansion goals. It also facilitated knowledge exchange and thought leadership within the renewable energy community with the participation of our Chairman and Managing Director, Manish Dabkara in a key panel discussion there.
"Our mission is to accelerate the pace of renewable energy projects across India by providing them all sort of infrastructural support. So that we can conserve our environment and a better future, and these renewable energy projects can provide an environment friendly and sustainable source of energy through economical and sustainable renewable energy generating models."
Q. Can you give us a brief overview of your company, KP Group, and specify the sector in which it is operating?
KP Green Engineering Limited (Formerly known as KP Buildcon Pvt. Ltd.) is the flagship company among all the existing companies of the Kp group. It was established by Dr. Faruk G. Patel in 1994, with an aim to provide single-window solutions to all infrastructural requirements of the telecom service providers.
Today, KP Green Engineering Limited leads the industry by offering comprehensive renewable energy engineering solutions all under one roof, specializing in engineering and steel structure manufacturing. We offer products like, Transmission line towers, Solar MMS Structures, Wind Lattice Tower Structures, Substation & Switchyard structures, Crash barriers, Pre-Engineered Buildings, High Mast Towers, and many more.
Q. As your company is three decades old, how has it contributed significantly to India’s green energy transition?
KP Green Engineering Limited has been built on engineering excellence crafted through unstinted dedication to quality, innovation, and a constant objective to serve the global market.
We covered major market share of Transmission Industries, Telecom industries, Substation structure, Isolator Hybrid Tower, solar industry (Fixed type and Tracker), Highway Crash barrier by manufacturing, supplying, and erection. Now we are expanding our facility along with Asia’s Biggest Hot Dip Galvanizing Plant which help our steps more deeply towards Infrastructures segment like Bridges, ROB structure, PEB structure, Railway structures, Monopole Utility products, High Mast. Which offerings, potentially fuelling further growth.
In space of renewable energy, the company already has experience in solar sector as EPC developer in the past.
Our Aim to support in India’s Renewable & Infrastructure development by utilizing our capacity and strength.
Q. What has been the main objective and goal of your company that will provide further impetus to its progress?
Our mission is to accelerate the pace of renewable energy projects across India by providing them all sort of infrastructural support. So that we can conserve our environment and a better future, and these renewable energy projects can provide an environment friendly and sustainable source of energy through economical and sustainable renewable energy generating models
To our existing manufacturing and galvanizing facility at Dabhasa, Vadodara location with an annual production capacity of 53,000 MTs in a span of 2,00,000 Sq. Ft. we are coming up with a new facility at Matar, Bharuch location with an annual production capacity of 2,94,000 Mts in a span of 64,494 Sq. Mtr
The project will be equipped with a state of art Galvanizing plant with a kettle size of 56 Mtrs. Cu (Cubic Meters) as against the existing 17 Mtr Cu. (Cubic Meters) size. It will also house automatic CNC machines to produce engineering components for Heavy Fabrication Works like tabular wind towers, overhead bridges, mono pole power transmission towers, Pre Engineering Buildings, Metal Beam Crash Barriers etc . in addition to current Lattice Tower for wind, telecom and power transmission tower structures, Cable tray and Earthling Strips.
The company is also coming up with an IPO in the SME segment of BSE in the mid of March’24. This will be the third company of the group to be listed on stock exchange. Earlier, KPI Green Energy Ltd. got listed on the main boards of NSE as well as BSE and also, KP Energy Ltd. on BSE.
Q. Why anyone should go for KP Green Engineering for their renewable energy infrastructure solutions?
Expertise and Experience: KP Green Engineering has been in the business for over two decades and has a team of experienced and qualified professionals who are experts in their field. This expertise ensures that clients receive high-quality products and services that meet their specific needs.
State-of-the-Art Facilities: KP Green Engineering has invested in state-of the-art fabrication and galvanizing facilities that are equipped with the latest technology. This allows the company to produce high-quality products efficiently and consistently.
Quality Assurance: KP Green Engineering is committed to providing its clients with the highest quality products and services. The company has a rigorous quality assurance process in place that ensures that all products and services meet its high standards.
On-Time Delivery: KP Green Engineering is known for its ability to deliver projects on time and within budget. The company has a strong track record of meeting its clients’ deadlines.
Competitive Pricing: KP Green Engineering is committed to providing its clients with competitive pricing. The company works closely with its clients to develop cost-effective solutions that meet their specific needs.
Customer Service: KP Green Engineering is dedicated to providing its clients with excellent customer service. The company has a team of customer service representatives who are always available to answer questions and resolve issues.
Q. Who are the clients of KP Green Engineering?
We are proud to serve a diverse range of esteemed clients, including Tata, GETCO, MSETCL, ABB, Wipro, Airtel, BSNL, Indian Railway, Sterling & Wilson and many others. KP Green Engineering is also a leader in the use of cutting-edge technology, which allows the company to deliver innovative and cost-effective solutions to its clients.
Q. What are the expansion plans?
KP Green Engineering is expanding its manufacturing capacity by more than Three Lac Tons annually at their new factory in Matar village, Bharuch, Gujarat. This will allow the company to meet the growing demand for their products and services. As a comprehensive solution provider, our aim and goal are to foster as a great supporter to renewable energy projects, infrastructure development, nation-building, and promoting the Make in India initiative.
Q. Any message to the readers?
KP Green Engineering has continuously worked and will always work in building a better India for tomorrow. Be it Renewable energy projects, or the infrastructure development, KP Green Engineering understands it’s responsibility and we will give our best for the same.
"We prioritize training for employees, implement robust safety measures, conduct regular inspections, and offer the resources required to guarantee a safe working environment. Bull Power Energy prioritizes costeffectiveness and operational efficiency in its manufacturing and distribution processes and reduces production costs, waste, and improves operational efficiency by using innovative technology, optimizing processes, and applying best practices."
Q. How does Bull Power Energy align with the overall strategic goals of our company?
Bull Power Energy aligns perfectly with your strategic goals by supporting your commitment to sustainability, reducing our environmental impact, and enhancing operational efficiency. Its renewable energy solutions not only contribute to your long-term sustainability objectives but also align with your values and mission to be a responsible corporate citizen.
Q. How successfully has Bull Power Energy merged into our existing systems and workflows?
Bull Power Energy has seamlessly merged into your existing systems and workflows. Through careful planning and collaboration, we integrated Bull Power Energy solutions into your operations without disrupting your processes. The transition has been smooth, and Bull Power Energy has become an integral part of your daily operations.
Q. What tactics do you employ as a leader in the field to make sure Bull Power Energy keeps up with new developments in the market?
As a leader in the field, we stay proactive in monitoring market developments and technological advancements. We maintain open communication channels with Bull Power Energy to stay informed about new developments, trends, and innovations in the renewable energy sector. Additionally, we actively participate in industry events, collaborate with research institutions, and invest in R&D to ensure Bull Power Energy remains at the forefront of market advancements.
Q. How does your company, particularly in a high-risk industry, promote a culture of safety and compliance inside the company?
Safety and compliance are paramount in our company, especially in a high-risk industry. We prioritize employee training, implement robust safety protocols, conduct regular inspections, and provide necessary resources to ensure a safe working environment. Additionally, we strictly adhere to industry regulations and standards, regularly audit our processes, and encourage a culture of accountability and continuous improvement.
Q. What actions does Bull Power Energy take to ensure that its production and distribution procedures are carried out with a high degree of cost-effectiveness and operational efficiency?
Bull Power Energy emphasizes cost-effectiveness and operational efficiency in its production and distribution procedures. By leveraging advanced technologies, optimizing processes, and implementing best practices, Bull Power Energy minimizes production costs, reduces waste, and enhances overall operational efficiency. Continuous improvement initiatives and feedback mechanisms further contribute to achieving cost-effectiveness and operational excellence.
Q. How can Bull Power Energy reduce the possible risks brought on by shifting commodity prices or geopolitical unrest?
Bull Power Energy mitigates risks associated with shifting commodity prices or geopolitical unrest through strategic planning and diversification. By investing in a diversified portfolio of renewable energy sources, Bull Power Energy reduces dependency on specific commodities or geopolitical regions. Additionally, long-term contracts, hedging strategies, and proactive risk management practices help mitigate potential impacts of market volatility, ensuring stability and resilience.
Q. How do you see Bull Power Energy changing the energy sector over the next five years?
Over the next five years, Bull Power Energy is poised to revolutionize the energy sector by driving widespread adoption of renewable energy solutions. With increasing focus on sustainability, regulatory support, and technological advancements, Bull Power Energy will play a pivotal role in transitioning towards a cleaner, more sustainable energy landscape. Its innovative approaches, scalability, and cost-effectiveness will contribute to reshaping the energy sector, reducing carbon emissions, and promoting environmental stewardship. RM
"B-Solar intends to grow; we already service every area in Gujarat, including the commercial, industrial, and residential sectors, and we are currently developing ground-mounted projects. We’re working on groundmounted models. In addition, Our goal is to grow into the neighboring states of Maharashtra, Madhya Pradesh, and Rajasthan."
Q. Can you tell us more about the journey of B-Solar since its founding in 2016 and how the company has evolved in the renewable energy sector over the years?
After resigning from Torrent Power Ltd in 2014, I enrolled in the Master of Technology (Electric Power) program with the intention of becoming a part of the educational system. However, after a year, as part of the academic program, I was required to present a project report as part of my dissertation in order to complete my MTech.I was chosen for an M.Tech Dissertation at ISRO Ahmedabad and was given the opportunity to work on a 250KWp solar project that was about to begin. I completed the SITC for a solar project at ISRO Ahmedabad and published three papers from ISRO on solar power, the effect of temperature, soiling, and tilt angle.These three components are essential for any solar power plant. I was overjoyed when the project was completed, and I began reading plants on a daily basis, eventually deciding to work in this field. Here, if a solar developer installs solar, his client will benefit by conserving energy, the developer will earn, and we will be doing something good for the environment, so it is a win-win situation, which encouraged me to enter the renewable energy business. After working since 2016, I launched my own EPC company in 2021, B-Solar Consultant & Engineer Pvt Ltd. We are registered as RE Renewable Energy Company with MSME and Startup India with DP ID.
Q. Could you elaborate on the range of solar products and services offered by B-Solar, especially in terms of residential, commercial, industrial, and utility-scale projects?
We started solar project EPC only one year ago under the new Enterprise name B-Solar, which is registered under the Start Up India (GOI Program) and ISO 9001:2015. The company has extensive experience in solar rooftop of more than 23MWp, ground-mounted systems, and has completed successful commissioning in a variety of categories, including residential solar rooftop 1500 KWp and industrial and commercial 2000 KWp. Furthermore, ground-mounted models are in the works. We also provide liasioning and design services for MW-scale solar projects with statutory compliance. We install DG sets for captive needs, APFC panels, and Servo Stabiliser SITC. We named some projects with PV capacity as shown below.
1. Watermen Industries -180KWp -Changodar, Gujarat
2. Visnodevi Mandir-Ahmedabad-40KWp, Gujarat.
3. Sona Pump-Ahmedabad-250KWp, Gujarat.
4. Motabhai Electronics -50KWp - Viramgam, Gujarat.
5. Fern Sattva Resort-Polo Forest-130KWp, Vijaynagar
6. Swaminarayn Mandir-Maninagar (115KW)
7. Swaminaryan Mandir-Ghodaser (52KWp)
8. HCG Health Care Hospital-63KWp-Sola, Ahmedabad.
9. Shreeji Jwelers-Ahmedabad-36 KWp, Gujarat
10. Shreeji Jwelers-Dholka-20KWp, Gujarat.
11. Planet Women’s Hospital-25KWp, Ahmedabad.
12. Jivandeep Hospital-30KWp, Ahmedabad.
13. Harsh Surgical Hospital-Kalol-20KWp, Gujarat.
14. Devsangam Apartment-25KWp - Ahmedabad, Gujarat.
15. Sarveshwar Engineering, 35KWp, RajkotGondal, Gujarat. And many more projects done below 25KW in commercial and 215 projects in residential under Surya Gujarat Scheme. Our client are very happy and getting generation above average specific yield.
Q. Can you share some notable achievements or milestones of B-Solar?
We really began on September 22, so in a very short period of time, we have completed 1.5MW residential and 2MW commercial/industrial projects, which is quite impressive. We are at an extremely respectable position in the solar EPC business.
Q. B-Solar emphasizes the importance of solar rooftop systems. Could you explain why solar rooftop systems are essential, especially in the context of energy savings, government subsidies, and environmental impact?
Run saved is equals Run made, and money saved equals money earned. We support the vision of our country. India aims to reach 500GW by 2030 and achieve net zero emissions by 2070.Our Prime Minister is a passionate and visionary leader of the country. He recently unveiled a solar initiative called the PM-Surya Ghar Muft Bijli Yojna, which will install 1 crore solar rooftops across the country. The subsidy has been increased to 30,000 Rs per kWp up to 2kw and 18000 Rs per kw over 2kw, with a maximum of 78000Rs for more than 3kw. The scheme will supports rural areas morethen urban area the most. Saving electricity means decreasing the use of fossil fuels. India is lagging in the rooftop target of 40GW, which was stated in 2021 by the GOI, with only 11.07 GW realized. Upto 31-12-23. On the other side, Gujarat is on top by deploying 2.9 GW SRT in the country.
Q. What are B-Solar’s future plans and strategies for expanding its reach in terms of geographical locations and market segments for solar projects?
B-solar plans to expand in the future:we already cover all sectors of Gujarat, including residential, industrial, and commercial, and we have groundmounted projects in the works. We want to expand into the nearby states of Rajasthan, Madhya Pradesh, and Maharashtra.
"WAA Cables stays at the forefront of the industry through continuous research and development. We invest in cutting-edge technologies, anticipate market trends and collaborate with industry leaders to ensure our products remain innovative and aligned with the evolving needs of our customers."
Q. Can you tell me about your company, WAA Cables and what it has achieved so far?
WAA Cables Private Limited is a leading manufacturer of high-quality cables and wires, established in 2019 in Gandhinagar, Gujarat and engaged in the business under the WAACAB brand name. The company has a state-of-the-art production facility that ensures compliance with international standards, customer satisfactions and has been recognized for its excellence in quality, innovation and performance by multiple prestigious awards and accolades. Commitment to Uncompromising Standards WAA Cables Pvt. Ltd. holds the EN 50618:2014 certification from TÜVRheinland, a respected neutral inspection and product certification service. The company boasts an array of other certifications, including ISO, BIS, TUV, IEC, RoHS, CE, and EN50618 underscores our unwavering pledge to maintaining the highest quality standards in all our endeavours & further solidifying its unwavering commitment to uncompromising standards.
Q. What strategies does your company employ to address specific challenges related to the products it offers to customers?
WAACAB implements several strategies to effectively address challenges related to our wires and cables products: Advanced Quality Control: We maintain rigorous quality control measures throughout the manufacturing process to ensure the highest standards are met. Innovative Technology: Constantly investing in research and development allows us to stay ahead in wire technology, addressing emerging challenges and meeting evolving customer needs. Customer Collaboration: We engage closely with our customers to understand their unique requirements and challenges, enabling us to tailor solutions that meet their specific needs. Efficient Supply Chain Management: Streamlined supply chain processes help us mitigate risks and ensure timely delivery of products, even in challenging situations. Proactive Risk Management: We have robust risk management protocols in place to identify potential issues early on and take proactive measures to mitigate them, ensuring product quality and customer satisfaction are never compromised.
Q. Would you briefly describe your company’s solar connectors, wires and cables, and other products?
WAACAB boasts an extensive range of premium offerings, spanning Solar Cable, Flat Submersible Cable, House Wire, Earthing Cable, Welding Cable, Rubber Battery Cable, Aluminium/Copper Armoured & Unarmoured cable, and Flexible cable, among others. Under the banner of ‘Connecting the Sun to Grid’, our solar segment delivers top-tier solar cables, solar connectors, ACDB & DCDB to diverse end users. Our slogan ‘Jawaabdari Hamaari, Aapko Sirf WAACAB Lagaani’ underscores our commitment, backed by unique selling propositions such as pure electrolyte grade copper, ensuring highly conductive wires with exceptional temperature resilience compared to industry counterparts. As a reputable manufacturer and supplier specializing in Wires and Cables, our product portfolio serves as a cornerstone in various Rooftop and diverse projects. This repository serves as an exhaustive showcase, demonstrating the versatility and efficacy of our products across a spectrum of projects. We remain steadfast in our dedication to offering cutting-edge solutions that consistently align with the distinct requirements of Rooftop installations and other notable ventures.
Q. Can you share any future plans or goals for your company in the Solar industry, and how you plan to achieve them?
At present, we are charting a course towards global expansion, fuelled by our steadfast commitment to the dynamic landscape of green technologies and clean energies within the Solar industry. Our vision extends beyond borders as we aspire to attain a prominent global standing in this transformative era. To realize this ambitious goal, we are harnessing scientifically tested cutting-edge tools and leveraging trending technologies that align with our mission for sustainable growth. Our strategic initiatives include the optimal utilization of our production facility, earmarked for diverse purposes such as state-of-the-art laboratories, production of optical fibre cables, instrumentation cables, HT cables, and other critical components. This comprehensive approach underscores our commitment to not only keep pace with industry advancements but also to lead innovation and drive the future of sustainable energy solutions. As we embark on this exciting journey, we remain dedicated to maintaining the highest standards of quality, efficiency, and environmental responsibility. We look forward to the challenges and opportunities that lie ahead, confident that our unwavering commitment to excellence will propel us toward achieving new milestones in the global solar industry.
Q. How is WAA Cables catering to the rising demand of the energy sector especially if we talk in the context of smart electricity?
The rising demand in the energy sector, particularly in the context of smart electricity, is driven by the increasing adoption of advanced technologies and the need for more efficient, sustainable, and interconnected power systems. Smart electricity encompasses the integration of digital technologies, sensors, and communication networks into traditional power infrastructure, enabling real-time monitoring, automation, and optimization of energy distribution. WAA Cables is meeting the increasing demands of the energy sector, particularly in the realm of smart electricity, by providing innovative cable solutions. These offerings facilitate improved connectivity, enhanced efficiency, and effective data transmission, aligning with the requirements of smart grids. WAA Cables plays a pivotal role in supporting the integration of intelligent technologies within the energy infrastructure.
Q. Which innovative steps do the company follow to cope with the green energy goals?
Green energy goals refer to the collective efforts and targets set by governments, organizations, and industries to transition towards more sustainable and environmentally friendly energy sources. The primary objectives include reducing carbon emissions, mitigating climate change, and fostering a cleaner, renewable energy landscape. WAA Cables adopts innovative measures to align with green energy goals by implementing sustainable practices in cable manufacturing. This includes using ecofriendly materials, optimizing production processes to reduce environmental impact, and developing energy-efficient cable designs, by adopting sustainable practices in their operations and supporting renewable energy projects. Additionally, WAA Cables invest in research and development to create products that support renewable energy sources and promote energy conservation. Overall, their commitment to green energy goals involves a comprehensive approach towards sustainability in both products and operations.
Q. How does WAA Cables stay ahead in a rapidly evolving technology landscape?
The wires and cables industry is undergoing a rapid and transformative technological evolution for several reasons, each contributing to the sector’s pursuit of improved performance, efficiency, and sustainability: Increasing Demands for Data Transmission, Advancements in Telecommunications, Renewable Energy Integration, Smart Grid Technologies, Electric Vehicles (EVs) and Charging Infrastructure, Industry 4.0 and Automation, Environmental Concerns and Sustainability, Emerging Materials and Nanotechnology, Consumer Electronics Innovations, Global Connectivity Needs and Research and Development Investments. WAA Cables stays at the forefront of the industry through continuous research and development. We invest in cutting-edge technologies, anticipate market trends and collaborate with industry leaders to ensure our products remain innovative and aligned with the evolving needs of our customers
Q. Can you shed light on the expectations from the InterSolar event as your company prepares to take part?
Certainly! Our expectations for the InterSolar event are quite high as our company prepares to participate. We see this event as a prime opportunity to showcase our latest innovations and solutions in the solar energy sector. At WAACAB, we’re on a mission to pave the way for a Greener Tomorrow through our Sustainable Power Solutions. Our dedicated team is geared up to connect with industry experts and share insights with fellow professionals at Intersolar Exhibition. Our primary goals include: Networking and Partnerships: We aim to connect with key industry stakeholders, potential partners, and decision-makers to explore collaboration opportunities and forge strategic partnerships.
Market Exposure: Participating in InterSolar allows us to enhance our brand visibility and increase market exposure, both locally and internationally. We expect to reach a diverse audience of industry professionals and enthusiasts. Knowledge Sharing: We look forward to be part of different panel discussions, workshops, and knowledge-sharing sessions to contribute our expertise and insights to industry conversations and learn from other experts in the field. Lead Generation: InterSolar provides an excellent platform for lead generation and customer acquisition. We anticipate engaging with potential clients and generating quality leads that can translate into future business opportunities. Overall, we view InterSolar as a pivotal event that will not only allow us to showcase our capabilities but also foster meaningful connections, drive innovation, and contribute to the advancement of the solar energy industry.
"Euler Motors prioritizes the HiLoad battery’s exceptional performance in challenging Indian conditions, addressing vibrations and heat concerns by separating hot components from cells."
Q. Could you provide a brief overview of Euler Motors?
With a mission to alleviate pollution concerns in India and transition to clean mobility, Saurav Kumar founded Euler Motors in 2018. Over the past five years, we have evolved into a leading automotive OEM committed to revolutionizing transportation in the country through electric commercial vehicles. Our flagship product, the HiLoad EV, offers a superior alternative to traditional ICE vehicles. To facilitate the seamless adoption of electric vehicles, we have established the necessary supporting infrastructure, including charging stations and 24/7 customer service, along with a network of 500+ charging points. The HiLoad EV has received recognition as the ‘EV of the Year’ at the Apollo CV Awards. We currently operate in about 22 cities, with the majority falling under Euler Motors. Among these cities, we have approximately 28 touchpoints. The HiLoad EVs have cumulatively mobilized goods across India with over 46 million kms by September 2023, resulting in a reduction of over 40 million tonnes of carbon emissions. This underscores the company’s pivotal role in reshaping the transportation landscape in the country.
Q. What objectives does Euler Motors have in place to deliver a seamless electric vehicle experience, serving as the superior alternative to traditional mobility options for customers?
Our aim has consistently been to exceed the performance of conventional ICE vehicles with our EVs. We have focused on meeting Indian businesses’ unique needs by boosting profitability and reducing costs. Our new HiLoad EV 2023 has a 30% higher payload capacity (688 kg) which is a factor that facilitates a 30% higher earning than any other 3W cargo in India. What really differentiates us from the pack is that we have developed battery technology specifically designed to ensure safety and reliable performance in India’s diverse terrains and fluctuating temperatures. The cutting-edge IP67 13 kWh battery pack features an innovative thermal management system and proprietary liquid cooling technology, a ground-breaking development in the Indian market along with fast charging capabilities that add 50kms of additional range in 15 minutes. Our goal is to secure about 15% of the market share within xx months [SG1] and to grow in multiple cities.
Q. Can you share some information about the recently launched vehicle, touted as the most powerful electric vehicle in terms of range, battery capacity, and payload capacity?
The HiLoad is tailor-made for the Indian market, where Euler Motors’ Battery Management System (BMS) proved its durability, withstanding extreme conditions in April, May, and June. The HiLoad, India’s most powerful electric three-wheeler, outshines its ICE counterparts with a 12.96 kWh battery, a 170 km range, and innovative features designed for the Indian market. It also features 200 mm front disc brakes for improved efficiency and manoeuvrability. With 88.55 Nm of torque, 10.96 kW peak power, and a 300 mm ground clearance, it excels in various aspects while maintaining low maintenance costs and prioritizing driver comfort. Also, with the vehicle’s capacity to bear 30% higher payload, it delivers great value to our customers. Euler Motors prioritizes the HiLoad battery’s exceptional performance in challenging Indian conditions, addressing vibrations and heat concerns by separating hot components from cells. The design maintains a 25-30 degrees Celsius temperature range for consistent performance and also, fast charging capability. As the first EV OEM to use active liquid cooling and advanced thermal management, Euler Motors enhances battery performance, recognized with an international patent, showcasing their innovative arc reactor liquid-cooled battery tailored for Indian commercial EVs.
Q. What are the current dynamics and obstacles in EV financing that Euler Motors is currently contending with?
In EV financing, rising interest rates have been a deterrent for individuals to afford EVs, owing to the increased borrowing costs. However, certain markets are witnessing a surge in EV popularity, resulting in a strong demand for tailored financial solutions. With the continued growth in the electric vehicles segment, we foresee that the disparity between interest rates for internal combustion (ICE) vehicles and EVs will slowly diminish. This signals the opportunity as well as necessity for innovative and more competitive financing options customized for electric vehicles. Currently, only a limited number of financial institutions support EV financing, although this figure is gradually on the rise. The crucial challenge that lies ahead involves engaging regional financial entities. The ultimate goal is to ensure that everyone, irrespective of their location, has access to financing options that render the purchase of an electric vehicle a feasible and attractive choice.
Q. How does the integration of data provided by Euler Motors enable financiers to deliver more tailored and innovative solutions to potential customers?
Euler Motors’ data plays a big part in helping financiers create unique solutions for potential customers. This data gives a deep understanding of electric three-wheeler vehicles used for commercial purposes. Our proprietary software application, the Euler Shepherd, is a suite of applications that provides exhaustive fleet management analysis like active and fleet/operations-based reports and data analytics to our customers and enables them to optimize performance and enhance efficiency. The insights support a pivotal aspect of financing solutions by anticipating the timing and nature of necessary maintenance, helping customers proactively plan expenses. [SG2] This helps us collect information to calculate longevity and performance of the vehicle, the health of the batteries, locations of nearest charging points, and others. Knowing these details helps financiers make better decisions about financing the vehicles. This may translate to offering custom interest rates, adaptable down payment options, and repayment schedules that harmonize with their financial situation. This integration of data also enables the introduction of flexible and innovative financing instruments, providing diverse and creative ways to structure financing that better suits the varied needs of customers.
Q. Can you explain the impact of datadriven decision-making on the overall efficiency and competitiveness of financiers in the market?
Data analysis allows us to keep a finger on the pulse of the market, adapt to evolving trends, and expand our finance offerings to cater to changing customer preferences and demands. Data-driven decisionmaking has significantly enhanced the efficiency and competitiveness of financiers in the market. Through the analysis of vast volumes of data, financiers can manage risk, with use of historical and real-time data for more accurate risk assessments, leading to reduced exposure and potentially higher returns. Additionally, these insights empower financiers to personalize their services, not only improving customer satisfaction but also increasing the cross-selling and upselling of financial products. Furthermore, this information allows the building of strategies that aid in cost reduction and operational efficiency, enabling financiers to optimize processes and resource allocation, ultimately enhancing profitability.
Q. In what ways can data be applied to improve the secondary market for financial products?
Financiers can use data from Euler Motors to assess the product’s residual value by analyzing factors like battery health, usage patterns, and technology advancements. This data enables them to make more accurate predictions, which, in turn, can facilitate the development of a thriving secondary market for EVs. Data helps in ascertaining the remaining battery life and wear and tear of important components as well as their performance. This helps us determine the lifetime value of the product at any point and hence the secondary life and re-sale value derived from the remaining health of the vehicle.
Q. Can you provide examples of successful implementations of data-driven solutions in the financial industry, particularly in relation to product valuation and market expansion?
Today, OEMs are leveraging data-driven solutions to optimize battery performance, vehicle operations and bring appropriate valuation. They collect extensive data on battery health, usage patterns, and performance from their vehicles in the field. This data helps them predict battery degradation and estimate the lifespan of their batteries accurately, often exceeding 3 years and millions of kilometers. Many electric vehicle manufacturers have adopted data-driven “Battery as a Service” or pay-per-use models, similar to the provided information. With data collection in the backend, companies can offer a subscription service where users pay based on their vehicle’s kilometer usage. This pricing model allows for flexible and accessible payment structures, easing the upfront financial burden for customers and making electric vehicles more affordable. The data analytics in the financial sector can also be used to predict the resale or buyback value of electric vehicles. Through this, companies can estimate the future value of electric vehicles based on factors like mileage, age, and market trends. This transparency in resale value helps potential buyers assess the long-term cost-effectiveness of electric vehicles and encourages sustainable ownership.
Q. Apart from Shriram Finance & SIDBI, who are your other financing partners?
We have partnered with over 50 financing partners to offer the best deals to our customers across various states in the country.
Q. What opportunities & challenges do you see in EV financing in the coming times?
The rising demand for three-wheeler commercial EVs underscores the crucial need for financial backing to enhance accessibility and drive adoption. A key challenge lies in financiers’ limited understanding of the long-term asset value of EVs, necessitating industry efforts to increase awareness about EV longevity and operational lifespan. Challenges also arise in swiftly acquiring and reintroducing vehicles to the market, especially during the resale process, with potential obstacles in financing options for the last-mile delivery customer segment. To address these challenges, we have implemented strategies that offer financiers a unique data-centric approach with vital information like daily operations data and vehicle location through a range of APIs. In the EV financing sector, opportunities abound, with a growing demand for EV loans and leases, emphasizing the importance of competitive financing options. Investments in EV charging infrastructure, fleet electrification financing, EV subscription services, green financing products, used EV financing, and customized EV insurance solutions all contribute to the ongoing shift towards electric mobility and sustainability.
"The pursuit of achieving 500 GW installed capacity by 2030 drives expansion in solar and wind assets. The Union Budget’s marked increase in funding for the Ministry of New and Renewable Energy further catalyzes sectoral development."
Q. What is your opinion on the renewable sector’s progress, which is on the verge of becoming a key source of energy in the coming times?
Globally, India holds the 4th position in terms of its total installed renewable energy capacity, which encompasses large hydro as well. The nation also ranks 4th in both Wind Power capacity and Solar Power capacity, as highlighted by the REN21 Renewables 2022 Global Status Report. Notably, India has elevated its ambitions, committing to a heightened target of achieving 500 GW of energy generated from non-fossil fuel sources by 2030, a significant undertaking articulated during COP26. This commitment underscores the importance of renewable energy and aligns with the transformative Panchamrit initiative. Remarkably, this aspiration represents the world’s most extensive expansion plan for renewable energy.
Q. Is increasing awareness regarding the environment and climate change leading solar energy customers to accept the need to transition to sustainable energy sources?
Undoubtedly, India’s solar energy industry experiences a marked change in customer attitude and strategy. Rising consciousness regarding the environment and climate change drives Indian customers to acknowledge the need for a shift to sustainable energy sources. The appeal of solar energy lies in its abundance, renewability, and eco-friendliness, garnering substantial favour among consumers. This transformation can be credited to factors like environmental awareness, cost-effectiveness, governmental incentives, energy autonomy, corporate social responsibility, technological progress, peer impact, education, urbanization, energy requirements, and reliability.
Q. What recent innovations have taken place in the field of renewable energy?
The latest innovation is of course solar 3.0. The Solar 3.0 features a dispatchable solar PV plant paired with battery storage for flexible grid contribution. Notably, Solar 3.0 introduces perovskites that use significantly less material than conventional silicon cells. Furthermore, to address energy distribution challenges, efficient grid technologies like GaN and SiC semiconductors are employed for controlled energy flow. This advancement also bolsters electric vehicle integration, supporting vehicle-togrid stability, grid optimization, and bi-directional charging capabilities.
Q. How much more growth and expansion can be done in this area?
Amid environmental concerns, India’s renewable energy sector gains momentum with government support and significant investments, drawing investors. Leading companies drive expansion to achieve the bold 500 GW capacity goal by 2030. The Union Budget 2023-2024 amplifies this with a notable 48% increase, reaching ?10,222 crore for the Ministry of New and Renewable Energy compared to the prior year’s ?7,033 crore. An enticing opportunity arises for investors to ride this wave, tapping into attractive returns from top Indian renewable energy stocks.
Q. What is the significant demand and progress that is likely to occur in this sector?
In India, the renewable energy landscape is fueled by pressing environmental concerns, spurring demand for sustainable solutions. Governmental impetus and substantial investments propel growth in pivotal sectors such as solar and wind power. The pursuit of achieving 500 GW installed capacity by 2030 drives expansion in solar and wind assets. The Union Budget’s marked increase in funding for the Ministry of New and Renewable Energy further catalyzes sectoral development. This synergy of demand, government support, and financial backing creates an attractive environment for investors, enticing them to engage with India’s burgeoning renewable energy sectors.
Q. What are your views on the policies of the Indian government, which are actively promoting projects of the renewable energy sector?
The Indian Government’s policies actively bolster the renewable sector through a multifaceted approach. Substantial financial incentives, tax breaks, and favorable regulations are extended to renewable energy projects, fostering a conducive investment climate. The introduction of competitive bidding mechanisms promotes costefficiency and innovation. Schemes like the National Solar Mission and Green Energy Corridors focus on enhancing grid infrastructure and facilitating renewable integration. The “One Sun, One World, One Grid” initiative aims to harness solar power across countries. Such progressive policies not only attract private investments but also drive the expansion of renewable capacities, advancing India’s sustainable energy transition.
Q. What are the upcoming projects in the renewable energy sector that can benefit electrification and thereby revolutionize power generation?
India’s renewable energy trajectory holds untapped potential in various unexplored domains. Floating solar farms present opportunities in water bodies, maximizing land use efficiency. Energy storage technologies, like advanced batteries, are vital for stabilizing intermittent renewable sources. Offshore wind energy remains largely untapped and could revolutionize coastal power generation. Rural electrification can benefit from decentralized renewable solutions. Additionally, green hydrogen production and electric vehicle integration offer avenues for renewable growth. Unlocking these opportunities can diversify India’s energy mix, enhance energy security, create jobs, and contribute to global sustainability goals while propelling the nation towards a cleaner and more resilient future.
Q. How is GenX PV striving for ‘Atmanirbhar Solar India’ as India’s first manufacturers of ‘Split Junction Box’?
GenX PV is focusing on new technologies and innovation. Our products are developed with strongly backed R&D and field data from Solar Power Plants. We want to provide quality and reliable product to Indian PV Module Manufacturers so that they can fully depend on local sourcing. Also we strive to increase our export.
Q. How do you see GenX PV expanding over the next five years or so?
Please enlighten our readers about the marvelous journey so far? We are continuously expanding our capacities as the market demand for our products is growing. Our target is to increase our capacities to minimum 50 GW by 2025 and we may increase the capacities more depending on the growth of solar industry in India and globally.
Q. What is your current manufacturing capacity? What are your expansion plans?
At present we are having 15 GW manufacturing capacity and by 2024 we shall add 15 to 20 GW more and another 20 to 30 GW in 2025.
Q. What is the extent of your Renewables Portfolio and what technologies does it cover?
In Renewable Energy Market our vision is to have single product excellence instead of diverting energies in multiple product portfolios. We are having strong technical competence in Junction Box manufacturing and we shall remain focused on the developing innovating products and expansions to match the market demand.
Q. How India’s Renewable Energy sector can unlock the era to net zero emissions?
There is a long and practically challenging way to go to achieve net zero emissions. But everyone is trying its bit to drive towards this vision. Renewable energy shall play a major role in the same.
Q. What are the roadblocks in the pathway of India’s Spilt Junction Box Manufacturing segment’s growth trajectory?
Availability of Raw materials at competitive rates is very important to deliver quality products at competitive rates to local PV module manufacturers. At GenX PV we are working towards overcoming this challenge.
Q. How can these challenges of the industry be addressed? How is your company contributing towards this transition?
We have a roadmap for backward integration and we shall pan out our plans in phased manner.
Q. Could you tell us about your major projects and clientele you are catering to?
All PV module manufacturers in India are appreciating our product performance we also developed few customers in Turkey, Europe markets and also few have progressed in USA market as well. As REI has celebrated its 16th edition with a bang.
Q. What kind of footfall have you witnessed at REI 2023?
REI 2023 was very positive event for us. We could meet many new customers and existing customers. Also our brand visibility in market has gone up due to this exhibition.
Q. What kind of circulation do you notice here and how was your experience at REI Expo 2023?
Renewable Energy India Expo, brought together industry leaders, experts, and enthusiasts to showcase the latest advancements in sustainable energy solutions and foster networking opportunities. The event witnessed a unique kind of circulation that reflected the future of the renewable energy sector. Its encouraged a seamless flow of attendees through booths highlighting cutting-edge technology and sustainable practices. This deliberate setup promoted interaction and knowledge sharing. The experience was enlightening, with experts presenting the latest advancements in renewable energy. The circulation of ideas and insights was most prominent during the visit and panel discussions. The event facilitated invaluable connections, not just with industry peers but also with potential partners and investors. The open circulation spaces allowed for spontaneous interactions and relationship building. REI Expo 2023 offered an enriching experience not only showcased the future of renewable energy but also exemplified a unique circulation of ideas, innovations, and connections.
Q. How does PV Blink want to grow its presence beyond of the Indian market and what is the company’s longterm ambition for its role in the global fight against climate change?
PV Blink’s Global Vision in the Fight against Climate Change. PV Blink, a renowned solar inverter manufacturer, has played a pivotal role in India’s sustainable energy journey. With a firm commitment to combat climate change on a global scale, PV Blink is charting a path to expand its presence worldwide. PV Blink’s decision to venture beyond India is a strategic move in alignment with its mission to catalyze global clean energy adoption. PV Blink’s approach to global expansion encompasses several key strategies is to do collaborations with partners, distributors, and industry stakeholders are integral to PV Blink’s strategy. These partnerships facilitate smoother market entry and promote sustainable growth. Complying with international standards and regulations is paramount. PV Blink’s long-term ambitions align with its role in the global fight against climate change. This commitment to reducing its carbon footprint is a fundamental part of its contribution to mitigating climate change. The goal is to make renewable energy more accessible and affordable worldwide. With innovation, strategic partnerships, and a commitment to sustainability, PV Blink is poised to make a meaningful impact on the global transition to clean energy and play a vital role in the collective effort to combat climate change.
Q. What is the key Features of the On Grid Inverter?
• 18Amp input current capacity in single phase inverter, compatible with latest high watt peak modules.
• 36Amp input current capacity in three phase inverter, compatible with latest high watt peak modules.
• 40v low startup voltage • Wide MPPT and AC voltage range
• Light weight and compact size for ease installation
• High efficiency output with efficient heat dissipation
Q. What is the key Features of the Off Grid Inverter
• 5 Modes of priority
• Optional Grid Charging
• Maximum Utilization of solar power
• No dependency on grid
• Large LCD Display
Q. What improvements has PV Blink made to keep ahead of the competition and satisfy clients at the REI Expo in a solar energy sector that is continually evolving?
Staying competitive and satisfying clients in the continually evolving solar energy sector requires continuous innovation and adaptation to maintain a competitive edge and meet the demands of clients. Our R&D team is working efficiently to create more efficient inverters and develop user-friendly, advanced monitoring and control systems that allow users to track and manage their solar systems remotely. As the demand for energy storage solutions grows, consider designing inverters that can seamlessly integrate with batteries, creating hybrid systems. This is a growing market with immense potential. Working to make inverters more compact and aesthetically pleasing to cater to residential clients who prioritize the visual appeal of their solar installations. Enhance the reliability and durability of inverters to ensure they can withstand various environmental conditions and have a longer operational lifespan. This includes surge protection, cooling systems, and robust designs. Continue to work on cost-effective manufacturing methods to lower the overall price of inverters, making solar power more accessible to a broader range of customers. We are trying to provide excellent customer support and training programs to assist clients in the selection, installation, and maintenance of their inverters. Regularly updating product lines, investing in research and development, and maintaining a commitment to quality and sustainability will help us to stay competitive and satisfy their clients.
Q. Could you provide details about PV Blink’s approaches to integrating energy storage options with solar inverters and how this might improve grid dependability and energy selfsufficiency?
At PV Blink, we understand that energy storage has become an integral component of modern solar power systems, offering numerous benefits in terms of grid stability and energy independence. Our commitment to developing cutting-edge solutions is driven by our vision to empower clients with more efficient, reliable, and sustainable energy solutions. PVblink also have a range of offgrid product solution as per market requirement from 1kva to 250kva. Additionally, we understand the demand of the market and to comply the need of the market, our R&D team had successfully developed “Hybrid Switch” which will be game changer of Industry through which one can be use their existing ongrid system’s modules for charging batteries of off grid system. We are also developing our Hybrid Inverter models for the market.
Q. Is there any special message you want to convey to your customers and Clients?
We would like to express our deep gratitude for your unwavering support and trust in PV Blink. It’s you, our valued customers, who drive our passion for innovation and commitment to excellence. Your faith in our products and services inspires us to continually raise the bar, pushing boundaries, and pioneering new technologies that not only meet but exceed your expectations. Our commitment to you goes beyond just products; it extends to personalized service, reliable support, and a promise to be there when you need us. We are dedicated to your satisfaction, and we are constantly improving to serve you better. Thank you for being a part of our PV Blink family. We cherish your trust and partnership and look forward to the continued success we will achieve together
Q. How do you see Credence Solar expanding over the next five years or so? Please enlighten our readers about the marvelous journey so far?
Credence Solar Panels Pvt Ltd has already announced plans to expand its manufacturing capacity during the REI Expo 2023 from 200MW to 600MW. Over the next five years, this expansion could be a significant part of OUR growth strategy. Further Increasing production capacity will be depends on growing demand for high-efficiency solar panels, Technology shift and potentially explore new markets beyond India. When we have started in 2021 with unique offering in the industry in M12 Families, within a short period we have laid a remarkable presence in the market with unbeatable quality, higher-wattage and efficiency efficiency modules
Q. What is the scope for Half Cut Mono PERC Bifacial module in India and what is Credence’s focus and why?
Bifacial technology allows solar panels to capture reflected and diffused sunlight from the ground, further increasing energy generation. Bifacial modules contribute to sustainability goals by generating more energy from the same area of land, reducing the environmental footprint of solar installations. As India’s solar market continues to grow, there’s a demand for innovative and efficient solar solutions. Credence’s focus on Half Cut Mono PERC Bifacial modules positions them as a forwardthinking company, catering to the evolving needs of the market. Our 182MM and 210MM Topcon Bifacial upto 720W will be out soon to cater the need to achieve better LCOE.
Q. What policy changes would you like to see to help Solar PV Modules flourish?
Is there anything else that can boost the solar installations in India? Streamlining and simplifying the regulatory processes for obtaining permits, clearances, and grid connections can significantly reduce project development timelines and costs. Clear, consistent, and standardized regulations across states would be beneficial. Combining solar installations with EV charging stations can promote clean transportation and reduce greenhouse gas emissions. Incentivizing domestic manufacturing of solar panels and components can promote self-reliance and reduce dependence on imports. Tax benefits for individual in solar investments can boost. businesses to adopt solar power.
Q. What are the roadblocks in the pathway of India’s Solar Modules segment’s growth trajectory?
Frequent changes in solar policies regulations are creating uncertainty for investors and manufactures. A shortage of skilled labor and trained professionals in the solar industry. India relies on raw material imports, mainly from China. Need to reduce dependence on imports by self-reliance.
Q. What are the latest products that Credence Solar has launched at REI Expo 2023?
We have launched our Topcon modules in 182MM and 210MM. Modules upto 720W in Mono and Bifacial in Topcon will be available by first quarter 2024. Bifacial modules from credence are of G2G having POE as encapsulating material.
Q. How India’s Renewable Energy sector can unlock the era to net zero emissions?
Unlocking the era of net-zero emissions in India’s renewable energy sector requires a holistic and multi-faceted approach, with active involvement from government, industry, and civil society. It is an ambitious goal, but with concerted efforts and the right strategies, India can significantly reduce its carbon emissions and transition to a sustainable, low-carbon energy future.
Q. Can you briefly explain the LONGi Solar?
Founded in 2000, LONGi aspires to be the most compelling solar technology company by leading the world’s transition to green energy. Being committed to the mission of making the best of solar energy to build a green world and the brand image of the most trusted, reliable solar company that blazes the trail for green technology, LONGi focuses on technological innovation and endeavors to build its business in five areas—monocrystalline wafers, cells and modules, distributed generation solar solutions, power station solutions, and hydrogen energy systems. It has grown into a Green Electricity + Green Hydrogen product and solution provider that supports the global zero carbon drive. Its business has expanded to over 150 countries and regions worldwide, with manufacturing bases in such countries as China, Vietnam, Malaysia and branches in the US, Japan, Germany, India, Australia, the UAE, Thailand, etc. As an advocate of the RE100, EP100, and EV100 initiatives, LONGi sets its own SBTi targets to further its green, sustainable development efforts, and to advance the global energy reform, contributing its share to a Zero Carbon Planet and a Green Earth.
Q. What are the core objectives of your company?
We are committed to becoming a role model in providing sustainable solar technology service and enabling greater returns for our customers’ investments. We are committed to promoting the ecological restoration of the Earth and creating a green planet for future generations.
Q. Can you please tell us about the products you’re using in PV modules and Hydrogen?
For PV modules, LONGi released the new highpower module Hi-MO 7 based on HPDC technology this year, and formed a product portfolio of “Hi-MO 5+Hi-MO 7” applied in the large-scale utility power plant market and Hi-MO X6 product focused on the distributed market, achieving differentiated product development. Hi-MO 7 comes in standard M10 72c size, delivering power output up to 590W of the LR5-72HGD (2278mm*1134mm version) and up to 620W of the LR7-72HGD (2382mm*1134mm version), with the max module efficiencies of 22.8% and 23.0% for each, and a higher bifaciality of around 80%. Hi-MO 7 excels in power generation, reliability, bifaciality and power temperature coefficient, which make it ideal for use in challenging environments with limited land area, high albedo, and elevated temperatures. Hi-MO X6 module, designed for distributed scenarios, adopts advanced HPBC cell technology and is committed to delivering a superior experience for distributed customers. Built upon high-efficiency HPBC cell technology, featuring a frontal busbarfree design, the product’s design maximizes the utilization of incident light, reduces optical losses, enhances conversion efficiency and consequently optimizes LCOE. The standard version of the HPBC cell has achieved an efficiency breakthrough of 25.5%, while HPBC+ cell efficiency exceeds 25.8%. Equipped with this cutting-edge technology, HiMO X6 shows a 6%-10% improvement in power generation performance compared to traditional modules. With a maximum module efficiency of 23.3%, the product sets a new value benchmark for the global distributed market. For Hydrogen equipment, LONGi ALK Hi1 series was globally launched in February 2023 and offers significant advantages in terms of high energy efficiency, high reliability, and a high rate of return. LONGi Hydrogen continues to explore LCOH, with an industry-leading energy consumption as low as 4.0 kWh/Nm3. On September 12th, LONGi Hydrogen unveiled the ALK G series product, with hydrogen production capacities of 1200Nm³/h, 1500Nm³/h, 2000Nm³/h, the ALK G series product firmly leads in large electrolysis technology. This ultimately results in a roughly 20% reduction in CAPEX when calculated on a per-unit basis. The newly-released product is adaptable to renewable energy sources such as solar and wind worldwide, allowing for greater gas production at lower energy consumption and higher stability.
Q. Would you describe the technologies, like innovations and insights, being used by your company?
The current technological route reserve of photovoltaic solar cells is abundant, and a stepped iteration route has been formed, and future costs will be further reduced. The mainstream technology directions after PERC include TOPCon, HJT, BC cells, etc. Although TOPCon cells are in the stage of mass production and large-scale expansion, the industry generally believes that their transitional properties are strong, and back contact technology batteries are highly sought after as future technologies. From 2012 to the first half of 2023, LONGi has invested over CNY 20 billion in research and development, which is the highest in the industry. In this year, with authoritative certification from the European solar testing agency ESTI, LONGi achieved a conversion efficiency of 33.5% for crystalline silicon perovskite tandem solar cells on commercial CZ wafers, once again leading the industry. Following the principle of “mass production, development, and exploration”, The HPDC and HPBC are the mainstream technologies LONGi adopted in its PV modules. HPDC (High Performance and Hybrid Passivated Dual-Junction Cell) is the updated product of HPC, which is featured by bifacial and dual-junction cell structure. The front and back of the cell adopt different passivation technologies, which can more effectively reduce the recombination of carriers and improve the power generation capacity. In the front side of cell, low resistance contact layer is introduced to form better ohmic contact. High and low junctions are applied on the back side of cell, and process parameters are optimized to achieve full-area passivation on the back and further reduce surface recombination. Therefore, the cell has higher Voc and conversion efficiency, lower degradation characteristics, and better temperature coefficient. HPBC (Hybrid Passivated Back Contact) is LONGi’s self-developed and named composite passivated back contact cell technology, is one of BC cell technology. With gridline-free design of the front side of the cellas its core feature, HPBCis based on the BC technology platform, combined with LONGi’s self-developed and innovative composite passivation technology, optimizing and upgrading the cell’s light absorption, photoelectricity conversion, and current transmissioncapabilities, and ultimately significantly improving the conversion efficiency of the cell. LONGi stated that the company’s multiple highefficiency solar cell technologies and products are already in the development, reserve, and pilot stages, and is accelerating the commercialization and mass production of high-efficiency technology research and development results at low cost.
Q. How useful and satisfactory are the services provided by your company?
Over the past decade, LONGi had transformed the photovoltaic sector with its monocrystalline silicon technology, which significantly reduced global solar power generation costs by more than 90%, turning photovoltaics from an expensive emerging renewable energy to one of the cheapest and most affordable sources of electricity. LONGi has been the leading global manufacturer of monocrystalline silicon wafers for 9 consecutive years. In addition, LONGi has achieved the highest global market share and module shipment in 2020, 2021, and 2022. And planned to increase the wafer capacity to 190GW and module capacity to 130GW by the end of 2023. From 2012 to 2022, LONGi has produced 290 GW of photovoltaic products, resulting in a cumulative clean energy output of over 1.15 million GWh. Based on the average emission factor of the global power grid estimated by the IEA, this is equivalent to avoiding 536 million tons of carbon dioxide (CO2) emissions, accounting for 1.46% of the total global energy-related carbon emissions in 2022.
Q. What are your company’s future prospects and outlook?
Upholding its core values of “Reliability, Valueadd, Fulfillment”, LONGi will promote the Green Power + Green Hydrogen solutions throughout the world, benefiting more people with green energy, and advancing the green, low-carbon energy transformation. LONGi advocates international cooperation and global energy equity, and opposes all forms of politicized clean energy. It promotes the construction of a clean, low-carbon, safe and efficient energy system and the diversification of energy varieties and energy sources. As a leader in the photovoltaic industry, LONGi firmly believes that solar energy has become the world’s most economical energy source and the most powerful weapon against climate change. Benefiting from the technological progress of the entire photovoltaic industry, the cost of photovoltaic power generation will continue to fall, and it will become a green energy source that is affordable to everyone.
Q. What are the challenges your company has faced while growing up?
Nowadays, the international trade environment is undergoing changes, with more localized supply chains and more complex trade barriers to China’s photovoltaic industry, resulting in uncertainty for imported photovoltaic products in international photovoltaic markets such as the United States, Europe, and India. The uncertainty in the overseas market has triggered the industry to enter an “elimination race”, with some integrated enterprises and second tier brands competing to gain customers and win orders. In the face of the current industrial cycle and future market uncertainty, during the reporting period, LONGi continued to promote efficient and stable operations to prevent operational risks. As of the end of June 2023, the company’s asset liability ratio was 55.99%. Compared to the industry’s asset liability ratio of 70% or even higher, LONGi has maintained good debt paying ability, and the number of inventory turnover days has decreased by 13 days compared to the first half of 2022. The product competitiveness continues to strengthen. As a technology and capital intensive industry, photovoltaic has a stronger demand for rapid transformation of technological achievements and equipment updates. With the further opening up of domestic and international financing channels, enterprises in new energy, semiconductor and other tracks have also joined the market, seizing market opportunities with the advantage of the industrial chain. Recently, PV-Tech released the PV ModuleTech bankability report for the second quarter 2023, and LONGi once again received the highest AAA ranking. This is the 14th consecutive quarter for the company to achieve this ranking, underlining its outstanding performance in terms of high-quality products and services, combined with financial strength and stability.
Q. What message do you want to convey to your customers?
LONGi upheld its core values of being “Reliability, Value-add, Fulfillment” and worked with all suppliers to provide reliable and efficient products and services to global customers. LONGi stressed the quality assurance and improved the quality management system, covering pre-sale, in-sale, and after-sale and its after-sale service system won a five-star rating in 2022. In the era of carbon neutrality, LONGi has seized the trend of the times and is striding forward by leveraging clean energy. Given the massive market scale, we are ready to collaborate with more partners and promote a just global energy transition and sustainable development based on common principles and values to ensure a livable and sustainable future for all.
Q. What led you to the solar energy sector, and what role has your business played in the development of renewable energy?
The solar energy sector has experienced significant growth and development over the years due to a many factors like:
1. Environmental Concerns: Growing awareness of environmental issues, such as climate change and air pollution, has driven interest in renewable energy sources like solar power. Solar energy is considered a clean and sustainable energy option
2. Technological Advancements: Advances in solar panel and inverter technology, efficiency improvements, and have made solar energy more accessible and cost-effective. This has played a pivotal role in the sector’s expansion.
3. Government Support: Many governments around the world have implemented subsidies, and policies to promote solar energy adoption. These initiatives have included tax credits, feedin tariffs, and renewable energy mandates, which have encouraged investment in solar projects.
4. Business Investments: Through Made In India campaign run by Indian Government, numerous companies have recognized the potential in the solar energy sector and have invested in research, development, and the deployment of solar technologies. These investments have led to innovative solutions and improved solar energy infrastructure.
5. Energy Transition: As the world transitions toward cleaner and more sustainable energy sources, the solar energy sector has grown as a key player in this transition. It has become an essential component of the broader renewable energy landscape.
Businesses in the solar energy sector have contributed to its development by:
1. Research and Development: Companies in this sector invest in research and development to improve solar product efficiency, reduce manufacturing costs, and develop new technologies.
2. Installation and Integration: Solar energy companies design, install, and maintain solar PV systems for residential, commercial, and industrial customers, making it easier for people to adopt solar power.
3. Energy Storage Solutions: Businesses have worked on developing energy storage solutions, such as batteries, to ensure consistent power availability from solar sources even when the sun isn’t shining.
4. Financing and Investment: Many companies provide financing options and investment opportunities for solar projects, enabling a wider range of customers to go solar.
5. Advocacy and Policy Influence: Solar energy businesses often play a role in advocating for policies that support renewable energy adoption and help shape the regulatory landscape.
The growth of the solar energy sector and the contributions of businesses have been instrumental in advancing renewable energy and reducing our reliance on fossil fuels.
Q. What sort of foot traffic do you observe here, and how was REI Expo 2023 for you?
REI Expo 2023 was an incredibly enlightening and engaging experience for us. We showcased the latest products and innovations in the renewable energy industry, bringing together experts, businesses, and enthusiasts passionate about sustainability. Also, we can featured a diverse array, with cuttingedge technologies, products, and services related solutions. It was truly inspiring to see how rapidly the industry is evolving and how innovative ideas are being put into practice. Most of the renewable players have visited REI expo and received good response from clients. One of the highlights of the expo was networking with like-minded professionals and engaging in discussions about the challenges and opportunities in the renewable energy field. Building connections and partnerships was an invaluable part of my experience.
Q. How has your company maintained its innovativeness and competitive edge?
Collaborate with other companies and technology providers, to deliver reliable, cutting-edge solar solutions. Regularly assess market trends, customer needs, and emerging technologies. Being responsive to changing market demands to adapt and innovate accordingly. Emphasize sustainability not only in products but also in business practices. Show a commitment to reducing the environmental impact of your operations. Stay informed about government policies and regulations related to renewable energy. Advocate for favorable policies which can help to expand the solar market. Ensure to supply highest quality and reliable solar products. Provide excellent customer support and after-sales service. Maintaining innovativeness and competitiveness in the solar product distribution industry requires a commitment to ongoing improvement, a focus on sustainability, and a proactive approach to market dynamics and customer needs.
Q. In what ways do Banga Solar’s collaborations with manufacturers support your dedication to corporate responsibility and sustainability in the solar industry?
Collaborating with manufacturers who adhere to sustainable and ethical practices in their supply chain can help ensure that the solar products you distribute have a most reliable, bankable and efficient . Manufacturers who prioritize quality control and meet industry standards can help ensure for service support and replacements. Manufacturers that use renewable energy sources in their production processes contribute to reducing the carbon footprint of solar products.
Q. Are there any intentions for Banga Solar to enter foreign markets?
Our company has been a leading player in the renewable energy industry for the past 12 years, and we believe that it is the right time to extend our reach and contribute to a sustainable future on an international level. We acknowledge that entering foreign markets is not without risks. These include economic, political, and cultural challenges. To mitigate these risks, we will regularly assess market conditions, maintain flexibility in our operations, and adapt our strategies as needed.
Q. Would you like to express anything in particular to your clients and customers?
We want to express our sincere gratitude for client’s continued support and trust in our products and services. Your loyalty is the foundation of our success, and we are committed to delivering the best to you each day. We are constantly striving to improve and innovate to meet your needs and exceed your expectations. We take pride in offering high-quality products and exceptional service that make a positive impact. We look forward to serving you and growing together in the future.
Q. Could you briefly describe the key products and services that Solar Easy provides? Also, how does Solar Easy ensure that its solar energy systems are reliable and of high quality?
Solar Easy’s range of services include-
• Sales tools for solar installers and manufacturers to generate & manage leads by connecting with residential & commercial buyers
• Live Bidding platform for Solar projects which are 50 KW or more
• Generating solar quotation to reduce the wait time from 10 days to 2 min while keeping quote negotiation with buyers an option
• Negotiation engine for solar buyers
• Visit scheduler for installation for full-proof understanding of an end-user’s requirements
• End-to-End order management to take care of a smooth process from order till execution
• Automated subsidy & net metering form generation to fasten up the process
To ensure our service does not lose quality, the installers on our platform are required to pass through strict KYC & quality checks to be certified as reliable sources. The endusers can also provide their feedback on each installer that they have interacted with which helps us generate a score to rate them by.
Q. What kind of servicing and support you are providing to your Customers and Clients?
Apart from our main suit of products, Solar Easy provides CRM support to the installer to take care of THEIR order and portfolio management through and through. Solar Easy is also proud to educate the end user with the otherwise confusing information on solar installation that enables them to make the right decision about their installation be it over panel type or capacity.
Q. Could you share any recent advancements or developments at Solar Easy that are fuelling business expansion?
We’re harnessing cutting-edge technology to enhance our operational efficiency and automation throughout the process. These recent advancements have helped us increase our reach 10x with more reliable suit of support.
Q. What initiatives or actions has Solar Easy taken to promote the adoption of sustainable and clean energy solutions within your local community or region?
"Solar Easy began with the sole purpose of educating the users and accelerating the adoption of renewable energy to meet the national solar mission. As the founder belongs to a construction business, he has been encouraging not just his clients but also his fellow builders to install solar system. We have been participating in local exhibitions to spread the importance of switching to green even before Solar Easy was fully shaped; a part of the reason how we could identify specific pain points of both the parties and create a solution that satisfies it.
Q. What defines Solar Easy from other solar solution providers in terms of pricing and affordability for customers?
Solar Easy believes in delivering quality and affordability at once by offering the end-user a choice of options such as most reliable, most affordable, and a mix of both. We understand that not every end-user’s preference would incline towards only quality or only price point hence we ensure to give them the choice with detailed distinguishing factors and empower them to make the best decision for themselves.
Q. How can individuals and businesses get in touch with Solar Easy to explore solar energy options for their needs?
It cannot get easier! One just needs to register either as a vendor or a buyer on our official website- https://www.thesolareasy.com/ You can also write to us at- support@thesolareasy.com Or dial to our support number in case of any queries- +91 9529555605
Q. Are there any notable awards or recognitions that your company has received for its work in the solar industry?
Despite being a young startup, Solar Easy powered by Bidprotrade Solutions, has been recognised by DPIIT & received INR 40 Lakh worth seed funding from the Startup India Seed Fund.
Q. Could you briefly describe the key products and services that Solar Easy provides? Also, how does Solar Easy ensure that its solar energy systems are reliable and of high quality?
Solar Easy’s range of services include-
• Sales tools for solar installers and manufacturers to generate & manage leads by connecting with residential & commercial buyers
• Live Bidding platform for Solar projects which are 50 KW or more
• Generating solar quotation to reduce the wait time from 10 days to 2 min while keeping quote negotiation with buyers an option
• Negotiation engine for solar buyers
• Visit scheduler for installation for full-proof understanding of an end-user’s requirements
• End-to-End order management to take care of a smooth process from order till execution
• Automated subsidy & net metering form generation to fasten up the process
To ensure our service does not lose quality, the installers on our platform are required to pass through strict KYC & quality checks to be certified as reliable sources. The endusers can also provide their feedback on each installer that they have interacted with which helps us generate a score to rate them by.
Q. What kind of servicing and support you are providing to your Customers and Clients?
Apart from our main suit of products, Solar Easy provides CRM support to the installer to take care of THEIR order and portfolio management through and through. Solar Easy is also proud to educate the end user with the otherwise confusing information on solar installation that enables them to make the right decision about their installation be it over panel type or capacity.
Q. Could you share any recent advancements or developments at Solar Easy that are fuelling business expansion?
We’re harnessing cutting-edge technology to enhance our operational efficiency and automation throughout the process. These recent advancements have helped us increase our reach 10x with more reliable suit of support.
Q. What initiatives or actions has Solar Easy taken to promote the adoption of sustainable and clean energy solutions within your local community or region?
"Solar Easy began with the sole purpose of educating the users and accelerating the adoption of renewable energy to meet the national solar mission. As the founder belongs to a construction business, he has been encouraging not just his clients but also his fellow builders to install solar system. We have been participating in local exhibitions to spread the importance of switching to green even before Solar Easy was fully shaped; a part of the reason how we could identify specific pain points of both the parties and create a solution that satisfies it.
Q. What defines Solar Easy from other solar solution providers in terms of pricing and affordability for customers?
Solar Easy believes in delivering quality and affordability at once by offering the end-user a choice of options such as most reliable, most affordable, and a mix of both. We understand that not every end-user’s preference would incline towards only quality or only price point hence we ensure to give them the choice with detailed distinguishing factors and empower them to make the best decision for themselves.
Q. How can individuals and businesses get in touch with Solar Easy to explore solar energy options for their needs?
It cannot get easier! One just needs to register either as a vendor or a buyer on our official website- https://www.thesolareasy.com/ You can also write to us at- support@thesolareasy.com Or dial to our support number in case of any queries- +91 9529555605
Q. Are there any notable awards or recognitions that your company has received for its work in the solar industry?
Despite being a young startup, Solar Easy powered by Bidprotrade Solutions, has been recognised by DPIIT & received INR 40 Lakh worth seed funding from the Startup India Seed Fund.
Q. How do you see Pahal Solar expanding over the next ten years or so? Please enlighten our readers about the marvelous journey so far?
Over the next ten years, Pahal Solar aims to further expand its production capacity and presence in the Indian solar market. With our aggressive expansion plans, we expect to increase our annual production capacity from 800 MW to 1600MW within short time. Throughout our journey so far, Pahal Solar has experienced significant growth and success. We started as one of the top solar companies in Gujarat and have now established ourselves as one of the best solar panel companies in India. Our commitment to innovation, quality, and reliability has been instrumental in our achievements. We have also formed partnerships with Japanese companies, further enhancing our capabilities and technological expertise. These collaborations have allowed us to bring cutting-edge solar technologies to India and contribute to the country’s energy transition and climate objectives. Pahal Solar’s marvelous journey has been driven by a strong focus on customer satisfaction and continuous improvement. We strive to meet the needs of commercial and industrial clients as well as residential customers looking to adopt solar energy. Our high-performance solar PV modules have consistently delivered reliable power and helped our clients reduce their carbon footprint. As we move forward, Pahal Solar will continue to play a crucial role in India’s solar energy sector. We will leverage our experience, expertise, and partnerships to contribute to the country’s sustainable development goals and drive the adoption of solar energy on a larger scale. With our unwavering commitment to quality and innovation, we aspire to be at the forefront of the solar industry in India and beyond.
Q. What is your current manufacturing capacity? What are your expansion plans?
Pahal solar started with 40MW/ annual in 2016 with 12 employees. As we got great response by supplied quality wise product we expanded our capacity year by year and now our capacity is 800MW/annum which is fully automatic with more than 400+ skilled employees with us. I am talking about expanding. Then, definitely say that I am happy to share that we will again add more 800Mw production soon neat our factory.
Q. What is the scope for MonoCrystalline and PolyCrystalline panels in India and what is Pahal’s focus and why?
In India, both mono crystalline and poly crystalline solar panels have a significant scope and market demand. However, there are certain factors that differentiate the two and influence their usage in different applications. Mono crystalline panels, made from a single crystal structure, generally have higher efficiency and better performance in low light conditions. They also have a sleek, black appearance that can be desirable for certain residential and commercial installations. However, they tend to be slightly more expensive compared to poly crystalline panels. Poly crystalline panels, made from multiple crystal structures, have lower efficiency but are more affordable. They are suitable for various applications, especially in large utility-scale projects where costeffectiveness is a priority. Pahal Solar’s focus is on manufacturing both mono crystalline and poly crystalline solar panels. This allows us to cater to a broader range of customer needs and applications. Our superior-quality mono crystalline panels are known for their high output and reliable power generation, making them suitable for customers looking for maximum efficiency and performance. Simultaneously, our polycrystalline panels provide a cost-effective solution without compromising significantly on quality and performance. By offering both types of panels, Pahal Solar aims to provide customers with a range of options to choose from based on their specific requirements and budget constraints. Our focus on manufacturing both mono crystalline and poly crystalline panels aligns with our commitment to meeting the diverse needs of C&I and residential clients adopting solar energy in India.
Q. What policy changes would you like to see to help Solar PV Modules flourish? Is there anything else that can boost the solar installations in India?
As a solar PV module manufacturer and solar EPC contractor in India, Pahal Solar believes that certain policy changes can help the solar industry flourish and boost solar installations in the country. Here are a few policy changes that could be beneficial. 1. Enhanced financial incentives 2. Streamlined regulatory processes 3. Robust net metering policies 4. Long-term power purchase agreements (PPAs) 5. Increased focus on R&D and technology innovation Apart from policy changes, there are other factors that can boost solar installations in India, such as: 1. Awareness campaigns and educational programs: Conducting awareness campaigns and educational programs to educate individuals and businesses about the benefits of solar energy can create a more informed customer base and promote the adoption of solar PV modules. 2. Infrastructure development: Developing robust solar infrastructure, such as efficient distribution networks and grid integration mechanisms, can facilitate a smooth integration of solar power into the existing energy grid. This would enable increased solar installations and maximize the utilization of solar energy. 3. Industry collaborations and partnerships: Encouraging collaborations and partnerships between different stakeholders, including solar manufacturers, EPC contractors, government agencies, financial institutions, and research organizations, can foster innovation, knowledge sharing, and the development of a strong solar ecosystem in India. By implementing these policy changes and focusing on other factors that boost solar installations, India can create a conductive environment for the flourishing of the solar PV module industry and accelerate the country’s transition towards clean and sustainable energy.
Q. What is the extent of your Renewables Portfolio and what technologies does it cover?
We offers the following technologies and corresponding power output ranges:
1. Poly crystalline modules - DCR/NDCR: 330 to 345 Wp
2. MONO PERC modules - DCR/NDCR: 540 to 550 Wp
3. Bifacial modules - DCR/NDCR: 540/545 Wp
4. Topcon modules: 580 to 640 Wp
These technologies cover a range of solar PV module options with varying power outputs, catering to the diverse needs of utility scale, commercial, industrial, and residential clients adopting solar energy. While the extent of Pahal Solar’s renewable portfolio, we are in the top 10 emerging module manufacturers in India as per JMK Research reports. We focused mostly in the western and south markets. Now we have more than 35 No. of experience marketing person in various areas of India so we will be available all over India. We are also focused on the African and American markets with helping our known partners from USA and Spain after starting our new factory.
Q. What are the roadblocks in the pathway of India’s EPC segment’s growth trajectory?
The EPC segment plays a vital role in the growth of the solar industry in India. While the sector has experienced significant growth, there are several roadblocks that can hinder its further trajectory. Some of the challenges faced by India’s EPC segment include:
1. Policy instability and regulatory challenges
2. Land acquisition and project Approvals
3. Financing barriers
4. Infrastructure challenges
5. Skilled labor shortage
6. Quality control and project performance
7. Payment delays Addressing these roadblocks requires concerted efforts from various stakeholders, including the government, financial institutions, industry associations, and EPC players.
Continued policy support, streamlined processes, improved infrastructure, better access to financing, and skill development initiatives can help overcome these challenges and foster the growth of India’s EPC segment.
Q. How can these challenges of the industry be addressed? How is your company contributing towards this transition?
The EPC segment plays a vital role in the growth of the solar industry in India. While the sector has experienced significant address the challenges faced by the solar EPC industry in India, several measures can be taken, and Pahal Solar, as a leading player in the sector, can contribute in the following ways:
1. Policy advocacy: Pahal Solar can actively engage with industry associations and policymakers to advocate for stable and favorable policies. This includes lobbying for predictable regulations, transparent tender processes, tax incentives, and supportive measures that encourage investment and growth in the EPC segment.
2. Collaborations and partnerships: Pahal Solar can collaborate with financial institutions and industry partners to develop innovative financing solutions that address the funding barriers. This can include exploring options like low-interest loans, long-term project financing, and collaborations with banks to provide easier access to capital.
3. Skill development initiatives: Pahal Solar can contribute to addressing the skilled labor shortage by investing in training and capacity-building programs. This can involve partnerships with vocational training institutes, conducting skill development workshops, and providing on-the-job training to enhance the skillset of workers in the solar EPC field.
4. Quality control and performance standards: Pahal Solar can maintain stringent quality control measures in its manufacturing processes and project execution. By adhering to international quality standards and certifications, Pahal Solar can ensure the delivery of high-quality solar PV modules and installations, contributing to increased project performance and longevity.
5. Technology innovation: Pahal Solar can invest in research and development (R&D) activities to drive technology innovation in the solar EPC sector. This can include developing advanced solar PV technologies, energy storage solutions, and developing smart grid integration capabilities. Such innovations can help overcome infrastructure challenges and enhance the efficiency and reliability of solar installations.
6. Financial stability: Pahal Solar can maintain a strong financial position and ensure timely payments to subcontractors and suppliers. By establishing a reputation for financial stability and timely payments, Pahal Solar can contribute to improving the financial health of the EPC industry and build trust among stakeholders. By actively contributing in these ways, Pahal Solar can help address the challenges faced by the industry and contribute to the overall transition towards a sustainable and thriving solar EPC segment in India.
Q. Could you tell us about your major projects and clientele you are catering to?
About us, we have more than 2000 EPC partners in india and those regular deals with us. But I special talk about special clients than Mr. Bhavesh Patel from B K Renewable, who brought 9MW solar panels from us for SSDSP (like the KUSUM C) project. He visited every solar module manufacturer and met all, but he finally came to pahal Solar and chose our product because of Japanese partnership and quality manners. After Commissioning phase 1, we visited there and talked about our panels. He was fully satisfied with quality, and he talked about well experienced with pahal solar team.
Q. REI celebrated its glorious 15 years and now it’s coming up with a bang in 2023. Would you like to invite your customers with any special message through our platform?
Celebrating 15 years of REI is indeed a significant milestone in the renewable energy industry. Pahal Solar appreciates the opportunity to be a part of this journey and would like to extend a special message to our valuable customers through your platform: “We would like to express our heartfelt gratitude to our esteemed customers for their unwavering trust and support over the years. We are immensely proud to be a part of your transition towards sustainable and clean energy solutions. Together, we have been working towards a solar-driven future, promoting environmental stewardship, and contributing to India’s energy transition. As we celebrate REI’s glorious 15 years and eagerly look forward to the upcoming event in 2023, we want to assure you that Pahal Solar remains committed to delivering exceptional quality, performance, and service. Our team of dedicated professionals and the strong partnerships we have cultivated with industry leaders enable us to continuously provide innovative solar PV solutions tailored to meet your specific needs. We invite our valued customers to join us in this celebration, to connect, share insights, and explore new avenues for collaboration at the REI event in 2023. It will be an excellent opportunity to exchange knowledge, showcase achievements, and collectively drive the solar industry forward. Thank you once again for choosing Pahal Solar as your trusted partner. We stand ready to serve you with our quality solar PV modules, expertise, and unwavering commitment to your success. Let’s continue our journey together towards a greener and brighter future.” Pahal Solar looks forward to creating meaningful connections with customers at the REI event and collaborating to accelerate the growth of the solar industry in India.
Q. Please enlighten our readers about the marvelous journey of INA so far?
It has been a phenomenal journey for INA in last 6 years while being with my partner and promoter Mr Vikas Jain. We started with 60 MW line & the capacity has increased more than ten times within a short span. Our products & services have been well accepted & appreciated by our clients across various segments. INA has a consistent track record of profitable and sustainable operations over last six years. Company’s growth over last few years has been multi fold both in terms of building manufacturing capacity, product diversifications and geographical reach. Last year the maiden public issue launched by the company on the BSE SME was a resounding success with a record oversubscription. YoY manufacturing capacity, product range, geographical reach and stake holders’ confidence has progressed very well with more than double digit growth. The company is well positioned to be one of the most prominent leaders in the solar manufacturing sector.
Q. What is your current manufacturing capacity? What are your expansion plans?
Our current manufacturing capacity stands at 700 MW. We have recently commissioned 500 MW of fully automatic modules line and launched M 10 cells based 545 W+ modules along with bifacial modules. In the coming months we plan to launch 600W+ range of solar modules based on demand & commercial terms. We have another module line in pipeline for launching Topcon based modules. We have ambitious plans of adding a cell manufacturing unit in the near future as well.
Q. What are the roadblocks in the pathway of India’s Renewable Energy growth trajectory?
India’s plan to install 500 GW (gigawatt) of renewable energy capacity by 2030. Of this about 300 GW is planned from solar. Currently our installed capacity is to the tune of 65 GW. This means to meet this ambitious target we need to add appr 30 GW of solar capacity every year. Apart from this since the world is looking at China +1 policy, we should gear ourself for export opportunities as well. However, there are several bottlenecks on this journey. Various factors like lack of interest on the part of discoms, lack of availability of cheap funds, Centre- states relations, lack of uniformity in policies across states and insufficient transmission system are some of the roadblocks.
Q. How can these challenges of the industry be addressed? How is your company contributing towards this transition?
Long-term policy vision backed up by the time bound execution is the need of the hour. Uniformity in policies across the country is the key to achieving the renewable energy goals. In addition, creating awareness for solar, making funds easily available, boosting transmission infrastructure etc are some of the measures to give a fillip to the renewable sector. Indian manufacturers have been working cohesively with Government & regulators for achieving 300 GW by 2030. The Govt has taken major initiatives in terms of PLI, BCD etc to give a boost to domestic manufacturing capacity. The manufacturers understand the importance of quality and have appreciated the measures like introduction of BIS. We expect the Govt to announce additional incentives for the SME sectors since they are the biggest job creators.
Q. What are the latest products that INA has launched across sectors recently in India?
We are prominently a State of art Solar Module Manufacturing company covering entire range and technology being commercially deployed globally such as Mono / Multi / Bifacial / modules 40 Watt to 590 Watt. Product range also covers Combo Solutions for small or critical power needs such Solar PCU, Batteries and Charge controllers. We do offer turnkey solar solution services for MW Scale projects & rooftop solar across the country. As mentioned above we are planning to launch ‘ n ‘ type based Topcon modules in the near future
Q. Please enlighten our readers about the marvelous journey of INA so far?
It has been a phenomenal journey for INA in last 6 years while being with my partner and promoter Mr Vikas Jain. We started with 60 MW line & the capacity has increased more than ten times within a short span. Our products & services have been well accepted & appreciated by our clients across various segments. INA has a consistent track record of profitable and sustainable operations over last six years. Company’s growth over last few years has been multi fold both in terms of building manufacturing capacity, product diversifications and geographical reach. Last year the maiden public issue launched by the company on the BSE SME was a resounding success with a record oversubscription. YoY manufacturing capacity, product range, geographical reach and stake holders’ confidence has progressed very well with more than double digit growth. The company is well positioned to be one of the most prominent leaders in the solar manufacturing sector.
Q. What is your current manufacturing capacity? What are your expansion plans?
Our current manufacturing capacity stands at 700 MW. We have recently commissioned 500 MW of fully automatic modules line and launched M 10 cells based 545 W+ modules along with bifacial modules. In the coming months we plan to launch 600W+ range of solar modules based on demand & commercial terms. We have another module line in pipeline for launching Topcon based modules. We have ambitious plans of adding a cell manufacturing unit in the near future as well.
Q. What are the roadblocks in the pathway of India’s Renewable Energy growth trajectory?
India’s plan to install 500 GW (gigawatt) of renewable energy capacity by 2030. Of this about 300 GW is planned from solar. Currently our installed capacity is to the tune of 65 GW. This means to meet this ambitious target we need to add appr 30 GW of solar capacity every year. Apart from this since the world is looking at China +1 policy, we should gear ourself for export opportunities as well. However, there are several bottlenecks on this journey. Various factors like lack of interest on the part of discoms, lack of availability of cheap funds, Centre- states relations, lack of uniformity in policies across states and insufficient transmission system are some of the roadblocks.
Q. How can these challenges of the industry be addressed? How is your company contributing towards this transition?
Long-term policy vision backed up by the time bound execution is the need of the hour. Uniformity in policies across the country is the key to achieving the renewable energy goals. In addition, creating awareness for solar, making funds easily available, boosting transmission infrastructure etc are some of the measures to give a fillip to the renewable sector. Indian manufacturers have been working cohesively with Government & regulators for achieving 300 GW by 2030. The Govt has taken major initiatives in terms of PLI, BCD etc to give a boost to domestic manufacturing capacity. The manufacturers understand the importance of quality and have appreciated the measures like introduction of BIS. We expect the Govt to announce additional incentives for the SME sectors since they are the biggest job creators.
Q. What are the latest products that INA has launched across sectors recently in India?
We are prominently a State of art Solar Module Manufacturing company covering entire range and technology being commercially deployed globally such as Mono / Multi / Bifacial / modules 40 Watt to 590 Watt. Product range also covers Combo Solutions for small or critical power needs such Solar PCU, Batteries and Charge controllers. We do offer turnkey solar solution services for MW Scale projects & rooftop solar across the country. As mentioned above we are planning to launch ‘ n ‘ type based Topcon modules in the near future
Q. What will be your mission and beliefs that will lead to economic and environmentally friendly benefits?
Our mission at Novasys Greenergy is to harness solar energy and provide clean, green energy solutions to our customers. We believe that solar power offers economic and environmentally friendly benefits. Our vision is to be a leading corporate entity that promotes clean and green energy, contributing to a sustainable future in the years to come.
Q. What is your expertise and focus that provides a wide range of industrial projects?
We specialize in manufacturing high-efficiency solar PV modules using advanced Mono PERC and Bifacial technology. Our focus is on providing a full range of photovoltaic solar products, applications, solutions, and services, catering to both small domestic systems and large industrial projects.
Q. Can you please tell us about your various projects that aim to promote sustainable energy?
We are involved in various projects aimed at promoting sustainable energy, although specific recent or ongoing projects are not mentioned in the given data. Our 300 MW solar photovoltaic module manufacturing unit in Nagpur, India, serves as the center for our solar assets management services across the country. These projects help us in our commitment to generating high-quality solar modules and products.
Q. What are your business operations and projects that will reduce your carbon footprint through solarization?
Environmental sustainability and social responsibility are integral to our business operations and projects. We prioritize reducing reliance on non-renewable energy sources and decreasing carbon footprint through solarization. Our products contribute to zero emissions and water conservation. We also emphasize reliability and quality, ensuring that our products are defect-free and meet the highest standards.
Q. What is your technological progress in the renewable energy sector received from major producers?
We stay at the forefront of technological advancements in the renewable energy sector by investing in cutting-edge technology, state-of-theart machines, and equipment sourced from leading producers. Our research and development efforts are focused on manufacturing high-quality solar modules and products, allowing us to generate energy for the future.
Q. What are your aspirations for a future of affordable, clean, and green energy for people?
Our aspirations for the future include reaching out to people and providing accessible and affordable cleaner and greener energy. We strive to be known for our ambition, speed of execution, and quality of operation, positioning ourselves as a leading corporate entity in promoting clean and green energy
Q. Please brief our readers about your solar journey.
In 2017, Adani Solar became the first company in the world to start a Greenfield Project of GW scale at Mundra, with its platinum-rated manufacturing facility of 1.2 GW of Solar PV cells & Modules. This setup was enhanced to 1.5 GW in 2019. This facility has been successfully catering primarily to the Domestic Markets – Residential Rooftop projects, Ground-based IPP projects, Solar Parks, and even the Agricultural Solar Pump projects under the KUSUM scheme. Adani Solar has been a consistent performer not only in terms of volumes in manufacturing but also in terms of Market Share – consistently being the largest and the most prominent Indian Player against the onslaught of Chinese manufacturers.Adani Solar prides itself in having created a very robust Retail Distribution Network across all states of India that ensures Adani Solar Modules reach every nook & corner. We pride ourselves in holding a 50% market share in residential retail and KUSUM markets.In 2022, Adani Solar expanded its capacity by adding a 2 GW line. With this capacity addition, Adani Solar has brought to India the state-of-the-art, contemporary MonoPERC technology that is capable of delivering high-efficiency modules thereby making Solar projects more viable. With these, Modules Adani Solar is now serving the domestic and international markets very efficiently and effectively.Adani Solar is the only Indian manufacturer to be awarded Top Performer by DNV-GL PVEL Global Reliability Testing for five consecutive years (2018 to 2022).
Q. Which are the advanced technologies that have been adopted in your products and processes? / What kind of products and new technologies you are going to launch in this or next year?
The capacity expansion of 2 GW that is already done is with the latest MonoPERC Technology that is capable of giving us high-efficiency Modules. The manufacturing set-up is flexible and can work with both 182 mm and 210 mm cells thereby offering Modules in the bin range of 535 -660 Wp. We are also setting up the associated Cell line which will again be flexible and capable of manufacturing cells of 182 mm and 210 mm.Interestingly our MonoPERC lines are also capable of being upgraded to n-type TOPCon technology thereby further enhancing the efficiency of modules we can offer to the market.Adani Solar has also set off an expanding capacity by another 2 GW by bringing to India, the N-type TOPCon technology with its futuristic technology and is capable of further enhancing the Module efficiencies.
Q. What makes your product the best fit for any kind of requirement?
At Adani Solar, our attempt has been to have better control on the supply chain – which gives us the ability to ensure the best quality of the product. We have and continue to build out integrated Cell and Module capacities. We have also set up an ancillary eco-system to ensure supply chain independence for other critical components of the Module – like Aluminum Frame, Back-sheet, POE, Glass, etc.Adani Solar Modules are ALMM approved and have all the requisite national and International Certifications for them to be accepted for any type of deployment – Retail, Commercial, Industrial, and IPP.
Q. What are your growth and expansion plans for the next couple of years?
Adani Solar will be expanding capacities with the latest Technologies. With MonoPERC technology we have 2 GW of Cell and Module capacities. We are already underway with an expansion of another 2 GW which will be based on the n-type TOPCon technology. This facility will be operational by Mid-2023.As a vision, Adani Solar intends to have, over the next few years, a fully integrated capacity of 10 GW starting from Polysilicon up to Modules. The ancillary eco-system will also be appropriately expanded to support the 10 GW capacities. Once completed, these facilities will maybe the worlds only fully integrated 10 GW Solar PV manufacturing capacity with the entire ancillary eco-system co-located.
Q. How do you see India’s solar sector progressing in the next 5 years? How do you see Adani Solar contributing to the sector during this time?
We at Adani Solar, believe that the Solar industry in India is poised for an orbital change. The Government, regulators, manufacturers, the developers are working in tandem to ensure India meets its ambitious (but achievable) targets for Renewable Power.The solar industry is capable of taking India to Energy Security while helping decarbonize the Power Generation industry in India. India is currently the 3rd largest market for Solar Industry behind China and USA, and we will continue to hold our position in near future too. The solar installations in the country are expected to grow exponentially in the next 5 years and Adani Solar is geared to support this massive growth. Adani Solar will continue to hold a dominant market share going forward too.
Q. What kind of pricing and technology roadmap do you see coming through in the industry?
The industry has seen unprecedented price increases last year on the back of an all-time increase in Polysilicon prices. With a lot of new polysilicon capacities coming on stream now, it is widely expected that there would be pressure on prices, and we may soon see a downward trend in prices for the industry. This will augur well and help boost the growth in the industry. In terms of technology, the industry is gravitating towards higher and higher module efficiency. The current favorite, MonoPERC technology will likely rule the roost over the near future. TOPCon and HJT are the technologies that are maturing very fast and will be the technologies that the world and India will work with in times to come.
Q. How has the rupee devaluation affected the solar industry and your business?
The Indian solar industry is reeling under pressure created by rising raw material prices primarily driven by the Polysilicon price spurt and commodity prices surge. The World’s geo-political situation triggered rises in Crude prices and that has led to an impact on our Rupee.This devaluation has resulted in a further impact on Module prices since a lot of the raw materials are imported and lead to a very strong linkage to dollar Rupee movements.To the extent a company exports its products, there could be a natural hedge against dollar Rupee fluctuations. However, for domestic sales, the impact of the dollar Rupee movement is Challenging.
Q. What kind of growth do you see coming in the residential sector demand?
The Indian Government has been very proactive in creating a very positive environment for the Residential Rooftop Solar market. The schemes announced and implemented and also under implementation are very generous and should ensure good participation by the Residential sector. MNRE’s grid-connected rooftop solar program is aiming for residential installation of 4 GW and offers a 40% subsidy for the first 3 kW of generation capacity in residential rooftop systems. Estimates suggest that Residential Rooftop installations are only 17% of total rooftop solar capacity and just 2.9% of the nation’s total solar capacity. Only around 0.5% of independent urban homes have installed rooftop solar which clearly shows the potential for Rooftop Solar in the residential sector. The major deterrents till now have been consumer inhibition and low awareness about the technical, financial, and operational aspects of installations, and the industry and Government are addressing this appropriately.
Q. What are the cost and raw material challenges for solar modules and solar cells?
China’s share in the entire supply chain – all stages from Polysilicon to Modules is in excess of 80% and for wafers is as high as 95% plus. Economies of scale, supply chain integration, innovation, and significant government support for the last 2 decades have made China a formidable force in the Solar Supply Chain. As a result, India like most other countries around the world is dependent on Chinese imports (wafers, cells, etc.) for Solar Module Manufacturing. This dependence does not augur well for the industry – always susceptible to disruption in availability and prices.Our governments intentions through the PLI scheme is clearly to slowly and steadily move away from this dependence on Chinese imports by encouraging the Indian Industry to create a domestic fully integrated supply chain that is capable of effectively meeting the Domestic Demand.
Q. Adani solar has expanded its business from manufacturing to retail distribution. What is the company’s strategy for the domestic market? Please explain.
Adani Solar PV modules should be available to every individual customer across the country. In keeping with this objective, Adani Solar has built out a very robust Retail Distribution network comprising over 20 Authorized Channel Partners, over 50 Resellers, and through these partners, a reach of over 2500 Integrators across the country. Adani Solar is committed to serving the domestic market holeheartedly.
Q. Shed some light on Adani’s plans of developing domestic supply chain/backward integration including timeframe, investment etc.
The major setback faced by the Indian solar industry is the supply side constraints like the shortage of polysilicon, and glass, basically, the supply of raw materials required for the manufacture of cells and modules, increase in steel prices, aluminum, copper, silver, shortage of containers, freight spiral. India has no option but backward integrate and build capacity for manufacturing the whole spectrum of Solar PV supply chain domestically to mitigate the risks arising from the supply chain constraints.Adani Solar has ambitious plans for the same. The backward integration at Adani solar will start with starting with 2GW Ingot, 2GW Wafer along with cumulative 4GW cell and 4GW module by January 2024. And by January 2026, we look forward to becoming a 10GW Fully integrated Solar PV manufacturer from Polysilicon to Module. To support this massive upscaling and integration, we shall also develop a comprehensive ecosystem of ancillary units like Glass, EVA, Backsheet, etc. to reduce our import dependency and ensure a seamless supply of all the key raw materials
1.What kind of changes do you see in the Industry after the BCD Implementation on Solar Panels?
The industry is gearing up to invest more in Local Manufacturing. Also, some of the players are finding loopholes in the system to bring Duty free products from other routes. Overall, a reduced demand due to heavy Duty imposition.
2. How does the Dynamics of Price - Demand - Supply Looks Like for this and the next year?
It looks like that due to global disturbances, the prices are going to stay on a higher side briefly before it settles down. Demand-supply situation will improve after seeing many new manufacturing capacities getting commissioned. Next year, if no further disturbance is there, the prices shall stay lower than what it is this year.
3. What Kind of Products and New Technologies you are going to launch in this or next year?
Several Global Manufacturers are launching their new technologies. At Jinko Solar, we’ve already launched the Tiger Neo Solar Modules, which are based on N Type Technology. These products have been accepted very well by the Industry due to its High Efficiency, Low Degradation as well as High Bi-facility. All these advantages make this product a low LCOE product, which makes Investors happy as this means better ROIs on their projects.
4. What kind of Pricing and Technology RoadMap do you see coming through in the industry?
Pricing and Technology go hand in hand. We’re making all efforts to support the industry by offering our Latest Technology products to reduce overall lifetime investment by Solar Power Developers. At present, as you see, the price trend of Solar Modules is stable, only the landed price is higher due to BCD. It is likely to go down as we see more Manufacturing capacity getting commissioned across the Globe. Also due to high demand during certain peak times, say Q4, we may see a spike in the prices.
5. What is the total quantity you supplied to India in Last 1 Year and what is the Expectation from coming one year?
We did great business in India last year. We were leading all charts every quarter across all analysis from Bridge to India, JMK, etc. From Q1 2021 to Q1 2022, we supplied almost 5 GW capacity to India. We also completed a 8GW cumulative shipment milestone this year.
6. What are your views on the ALMM / BIS etc…?
It’s a must for any country to get its own Quality Standards and other regulations. However, these standards and regulations should be constantly upgraded to match with Global Standards. At present, as we understand, these standards are not up to the mark and need improvements. Another key factor is that such standards should act as enablers for Industry’s growth rather than act as hurdles. We strongly believe that MNRE will find ways to help Industry and allow level playing field for all global players till the times sufficient capacity is not developed in India.
7. What is the Opportunity in India Currently,in Terms of Projects in Tender, Pipeline Etc…Opportunities in Manufacturing etc…?
India is a booming market. 3rd largest in the Globe. Its one of the most preferred investment destinations as well. The present Projects demand is also great. However, if we see the expected installation targets going up to 2030, this annual demand could be made higher. In terms of manufacturing, we see a big demand due to PLI scheme and push for local manufacturing. However, let’s not rely on domestic manufacturing only due to its very limited supply chain control within the country.
8. How has the rupee devaluation affected the Solar Industry and your business?
Not major implications our business as such.
9. What kind of Solar Tariff Trends do you see coming?
If all factors are considered, the tariffs should remain range bound.
10. Visible Changes in RE Industry w.r.t. Energy Storage, RTC, Hybrid RE Projects, Floating, etc and their likely impact.
These types of installations could be key supporters of plain Vanilla Solar Installations that country has witnessed till date. However, India which has always been a price sensitive market, may not have total reliance on such high-cost installations. At present India needs to complete its main RE target at reasonable tariff. Energy Storage and other kind of projects will only make the installation targets slower and costlier at the same time. Let’s stick to the base load from Conventional Energy while adding more RE power within the country. In all, such additional installations may be there in low percentage in order to find its own way towards several new Technologies.
11. India couldn’t achieve the RE Capacity Targets Set for 2022 and now has set up another ambitious target for 2030….What are your views on the same. Key Learnings, Expectations?
We should allow level playing field to meet the high demand first. Later we may develop local industry to sustain the growth. If we get influenced by just one segment, it is likely to create stress on overall economy of RE installations.
12. What is your expectations from the Government, Policy Makers and Regulators?
We expect Govt to support all Industry segments towards meeting RE goals of the country. The key stakeholders, Solar Power Developers, who invest for 25-30 years in a project, needs to be heard first before anyone else.
13. Rise of Role of PSU’s in the RE Sector and your views on the same?
It is great to see all major PSUs in India being so enthusiastic about RE with the likes of NTPC leading the way. We believe these companies have huge potential and can contribute significantly to solar capacity addition by way of tenders and self-consumption. They are serious competitors with private player in all solar auctions. We hope that the new policies will allow Jinko and other foreign brands to cater to the huge demand of PSUs directly which hasn’t been the case till now.
Q. Please shed some light on the Solis growth journey within the country, and what sort of technological shift you have seen since the commencement?
Solis has always kept focus on continuous product development by keeping a focus in-terms of product (Quality, Reliabilities, Performances) this three factors are the major one, where we improved solis product to 6th Generation, where product key features which are very useful for any solar project, refer below.
• Enhance DC input current for high watt peak module.
• DC Arc fault detection functions
• String level monitoring improve quick decision on O&M activities.
• Type II DC and AC over-voltage protections.
• DC reserve polarity protection
• DC:AC ratio upto 150%
• Instance control on output total Harmonic distortion to 1.5%
• Enhance inverter conversion efficiency upto 99%
• Smart cooling control concept
• Flexible in design the solar system by compatible with Y-type DC connection
Q. Being an exotic player, do you encounter any difficulties while working in the Indian solar industry?
Solis is regarded as best product in Indian Market, we comply with all the rules and regulation listed by MNRE, Government of India as well as few more required by different State Governments. Keeping the quality at its top we are able to get the certifications like BIS very easily and were the first to get for all portfolio products covered under this notification. Hence, we didn’t face any major hurdles even being the foreign player.Solis has been catering to India market for past 6 years and have developed a stronger partnership with our customers, EPC and developers helps us if any new compliances are there to follow. This is because of our long term commitment towards our customers and those indeed regards very well for this support.Another important aspect for acceptability of our products is Innovating and developing solutions for customized needs of India market. Residential and Utility not only require the standard and advance features but also some time requires the specific need of the geographical location or grid. Solis Inverters R&D team handles these requirements very proficiently and so are the results in terms of the better acceptability for our brand here in India. Better service and shorter response time has been a key driver for our growth story here in India. We have the best trained personnel with vast experience to handle any situation in optimized manner.
Q. What are the newest products Solis is bringing to the REI and what are their main specialties for Indian customers?
Solis has kept the clear focus to do continuous product develop and improvement based on market trend and requirements, at REI expo we are displaying our new S6 single phase and S5 in Three phase models, Where it come with great compatibility with High watt peak PV modules like (500watt to 650watt) PV modules. As globally PV module manufacturing are shifting from 185mm wafer size to 210mm wafer. Which industry has seen great advantage to optimize the project LCOE. Solis S6 & S5 model has now capable to handle higher DC current from PV string. And some more other feature like DC Arc fault detection, to identify any DC Arc fault which happen during new solar plant installation and commissioning. Below are some of the key features for better understanding.
• Compatible with High watt Peak & bi-facial PV module technologies.
• DC Arc fault detection functions
• String level monitoring
• Type II DC and AC over-voltage protections.
• DC reserve polarity protection
• DC:AC ratio upto 150%
Q. Does Solis have any immediate intentions to invest in or expand in the Indian market?
Since the Inception back in 2017 solis has now well structured in India for supporting Indian customers and there project, this is our 6th year which is running for solis in India as we got India HQ in Mumbai and region office in Delhi, Bangalore, and service station at Jaipur, Bhopal, Assam, Ahmedabad, Pune, Cochin and in coming year we will expanding our service station at eastern part of country state like West-Bengal, Odisha, Jharkhand & Andhra. And having 7 service warehouses across country as of now and plant to establish 2 more service warehouse for to keep service stock for catering quicker service support to our customers, solis always kept focus to giving best in class after sales support, on the same to support customer after warranty period we are also coming up with Repair-centre where we can offer inverter repair service for the product which finish standard factory warranty period.
Solis recently received the 2022 Green Leadership Award. Please elaborate on its significance to Solis.
Q. Solis has not only been recognized for championing sustainable and responsible business practices but also for its immense contribution to the welfare of the society.
Some of the initiatives undertaken by Solis include helping the less fortunate, fighting COVID-19, and participating in photovoltaic poverty alleviation programs. The company donated $155,000 in early 2020 to combat COVID-19. It also donated large quantities of medical supplies to the frontline medical staff. Solis has donated $465,000 in scholarships to universities and colleges, as well as donated inverters for several non-profit photovoltaic projects.Solis is committed to its success and continues to live up to its Corporate Social Responsibility commitments as well. With the cumulative shipment of 30GW+, which is equivalent to the annual contribution of more than 36 billion degrees of green electricity, reducing carbon dioxide emissions by nearly 35.88 million tons, which is equivalent to planting nearly 19.56 million green plants on the earth.Solis has been at the forefront when it comes to meeting its Corporate Social Responsibility commitments. It uses public media, professional organizations, and its website to raise awareness about environmental issues and concerns. Solis will continue to fulfill its corporate social responsibility commitments even in the future by actively contributing to society and devoting itself to public welfare projects.
Q. How much capacity Solis has installed both on-grid and off-grid in India?
Since the inception of solis India back in 2016, solis have supplied 2GW+ of cumulative inverter capacity including all (Residential + C&I + Utility) project across country. As India market from last 1 decade has shown great focus on ON-Grid product that was the prime focus solis has supplied for India market. As now policies are being introduce for storage, Hybrid & off-grid project on the same solis has also develop and introduce Hybrid & off-grid inverter for India market.Energy storage is an ideal solution to help compensate for an unstable power grid as well as protection from ever increasing energy prices. The S6-EH1P(3-6)K-L low-voltage energy storage hybrid inverter is designed perfectly for residential rooftop installations with multiple array orientations and is compatible with high-power and bifacial solar panels. Compatible with multiple globally recognized battery brands gives customers optimum choice and installer’s flexibility around supply of compatible products. It's integrated with multiple protection and fault finding systems to ensure the safe running of the system and give ultimate peace of mind to homeowners.Solis off-grid inverter-S5-EO1P (4-5) K-48 is designed for areas without power grids or areas with frequent power outages. It supports parallel operation up to 10 units, system up to 50kW. Exquisite appearance and compact structure make installation more convenient. Integrate multiple protections and fault monitoring to ensure the safety of batteries and equipment.These newly updated inverters are the result of Solis' in-depth analysis of market and customer demands. With the expansion of its product portfolio, Solis has established a strong foothold in the India market.
Q. What percentage of the Indian market does Solis intend to capture by FY23?
Last few year 2020, 2021, & 2022 we have seen globally COVID hit and seen various challenges and difficulties in terms of supply chain and country lock down, and globally IC chips and Semi-conductor, IGBT are still not come back on track in terms of full-filling the industry demand, due to that we have seen increase in PV module prices, where big project are on hold or waiting for some GOI support or waiting for some reduction in prices, considering all those factors solis has manage to do good sales and has touch a satisfactory numbers, and if the things getting improve in RAW material supply chain then probably most of the project we are on hold in year 2022, those project will be back on track where we feel we solis would able to grab good amount of share based on past supply history.
Q. Kindly brief us about Growatt?
Growatt was established in 2010 by a group of pioneers in the global PV industry with a vision to build a green and sustainable future. Specializing in sustainable energy generation, storage and consumption, as well as energy digitalization, the company designs, develops and manufactures PV inverters, energy storage products, EV chargers, smart energy management system and others.Favored by global customers, Growatt ranks among the global top three PV inverter suppliers. In particular, the company is ranked the number one residential inverter supplier globally as well as the world's largest supplier of user-side energy storage inverters in terms of shipment volume.
Q. Can you shed some light on your current inverters and solutions in India and global?
India has been being Growatt’s strategic developing market since 2012 and being leading in rooftop segment. Growatt continuously brings product and technology innovations to Indian market. Currently we provide the full range of PV inverters with capacity from 1kW to 253kW and with BIS certificates covering residential, C&I, and utility-scale diverse scenarios. Featuring AFCI and Type II SPD on both AC and DC sides, Growatt’s residential PV inverters arm the solar system with ultra-protections, reassuring a reliable and safe operation. As for utility-scale solutions, outstanding features such as 15 MPP trackers and compatibility with 15A high power modules are made available in order to maximize the system yields, thus helping realize a better transformation to a de-carbonized business model.Towards global emerging energy storage markets, as the world's No.1 user-side storage inverter supplier, Growatt offers a whole set of solar energy storage solutions, including storage inverters, battery energy storage systems (BESS) and monitoring solutions, and it also provides one-stop technical support services and whole system warranty, delivering excellent customer experience.
Q. What are Growatt's preparation and plans for REI-2022?
REI is one of the best platforms for us to interact with the EPCs, distributors and end users directly. Apart from last two years (due to COVID-19 pandemic), Growatt participated mostly in all edition of REI. Basically every year Growatt has a huge and classy booth to showcase our upcoming and presently available products, where all the visitors can interact with our pre-sales, sales and after- sales team for technical clarification or requirement of product. We are expecting to have a record breaking visitors this year and make “Growatt” be a household name in coming years.At this REI, Growatt will bring the new product WIT 50-100KTL3-H/A, the commercial hybrid inverter to cover India’s energy storage market for commercial and industrial applications. This new product features scalable system configuration up to 300kW, EPS function and black start, 100% unbalanced load when backup and 110% continuous AC overloading capacity, remote control of DG, multiple MPPTs input and grid-support.
Q. How do you think the key factors which support Growatt's success in India market?
Localization is always one of our core strategies to expand our business. To date, we have deployed local team of more than 25 employees with two service centers, one is in Hyderabad and another one is in Ahmedabad, providing dedicated fast and effective support for local customers. We are also seriously scrutinizing various options for manufacturing in India.Another reason behind Growatt success is our products’ safety and reliability. Quality is the lifeline of Growatt. Thanks to Growatt’s strong R&D capabilities and stringent quality control system, we are able to ensure product quality and provide advanced and reliable products for customers, through which Growatt has earned widespread popularity across India even in the world.
Q. Please enlighten our readers about the journey of the Company since its incorporation?
I started my business as a trader and distributor of pipes and fitting segments. During this journey I saw rising demand for solar components not only in Rajasthan but across India. In 2015, I had set up a solar power plant of 1 MW which gradually increased to 3 MW. Jawaharlal Nehru National Solar Mission introduced in January 2010 to promote solar power in India, gave us the major boost to enter into solar panel manufacturing business. In 2015, we decided to diversify our business model and enter into a solar panel manufacturing segment. Isolation Energy was promoted by me with Mr. Manish Gupta in October 2015 to manufacture high efficiency solar modules of various sizes in Jaipur. The Company commenced its production with60 MW capacity in 2017 which was gradually increased to 200 MW in 2021. Today solar panels contribute 90% of our total revenues while the remaining 10% is contributed by trading in other solar power components as well as contract manufacturing for other big players. We are the largest manufacturer in Jaipur and second largest in North India.
Q. What kind of Products and New Technologies you are going to launch in this or next year?
As discussed we are expanding our capacity by additional 500 MW. The new facility will have setup to manufacture 500+ W, 600 + w modules. We are also coming up with glass to glass modules in a big way. Recently we have introduced hybrid PCU’s. Plans are also afoot to explore grid tied inverter market. The strategy is to have presence in major solar system components like modules, inverter& battery etc.
Q. How Insolation Energy is going to participate in REI- 2022 and what are your expectations from this big event?
Insolation Energy has always been participating in all the major Renewable Energy shows. Our association with REI started in 2016 even before our commercial production started. We always look forward to meeting our vendors, clients & industry peers at such events. In fact, these events are learning platforms also. New technologies, products are showcased. After Covid-19 uncertainty over preceding two years we expect REI-22 to be mega successful. We expect to see lot of promising new clients this year.
Q. What does Insolation offer unique to its investors than other competitors?
We are grateful to our investors and confident that our investors would be beneficial by being a part of an emerging sector. As I mentioned, this industry is growing at a much faster pace and will attract impressive valuation as far as the equity market is concerned. In my opinion, the solar panel and modules industry is an emerging industry and can mirror the growth trajectory of the telecommunication industry which has seen a robust growth from its emergence in 1995 till date. What would differentiate us from our competitors are our USPs. First and foremost is the quality of our solar panel. Our solar panel has a guarantee of 25 years. Additionally, we have a wide product portfolio from 40Wp to 545Wp. We are competent in supplying any order at any point of time due to raw material inventory maintained by us. Our products are already well accepted in market & our team has a strong market presence and are well poised to tap the robust demand in the coming years.
Q. According to you, how is the competition environment in the market for your company?
There are few big players who are in the business of power generation and manufacturing solar panels. The industry also has a presence of few medium level manufacturers and many small time players. The healthy competition is good for the industry & we are sitting at an advantageous position having earned a good name in the market by virtue of offering quality products at a competitive price.
Further as discussed above the country aim is to achieve 280 GW of solar capacity by 2030. Our current installed capacity stands at approx. 58 GW which means we need to install about 27+GW of solar capacity every year to land up at 280 GW by 2030. Hence I can see enough space for every manufacturer to cater to this demand.Further as far as my knowledge goes, we would be the only listed entity manufacturing solar panels post our listing on BSE SME. We are growing at a much higher rate and will have a first mover advantage in the listed space.
Q. Insolation Energy is focusing on solar module, solar PCU, Solar battery and solar charge controller etc. Can you shed some light on how do you see the threat to our business from imported solar panels from China or Taiwan?
It is true that most of the solar panels and solar cells are imported from these countries. But with government support and its niche initiative of "Atmanirbhar Bharat", things are changing drastically. Many domestic companies are given incentives to produce solar panels in our Country. In the Union Budget 2022-23, the government allocated Rs. 19,500 crores (US$ 2.57 billion) for a PLI scheme to boost manufacturing of high-efficiency solar modules.Further, MNRE has approved the list of models and manufacturers (ALMM) which are eligible for use in government and government assisted projects or government schemes widening scope for domestic products. Our modules are manufactured under stringent quality standards & thus are approved under BIS, ALMM & other quality standards. To decrease reliance on imports& to give fillip to the domestic industry, the government of India imposed a basic custom duty of 40% on solar panels and 25% on solar cells on imports i.e. April 1st, 2022, which makes solar panels manufactured in India much cheaper as compared to imported materials.
Q. What is your future outlook for the company?
I am very confident about our company’s growth perspective as explained earlier. We would grow in tandem with industry, may be at a much higher rate.
The company is equipped with a state-of-the-art turnkey manufacturing facility of 400 MW capacity and houses a clean room environment facility to 1GW manufacturing line for EVA films. The company is also backed with a strong financial background of its parent company – the Marwadi Shares & Finance Limited. The blend of a young team, under the guidance of experienced players, makes PIXON versatile for creative operations and futuristic innovations.
PIXON envisions to globally providing efficient solar energy products and solutions. Thus, contributing and enhancing Global Climate Sustainability. We are expanding our manufacturing to 1 GW with Multi-Busbar modules by early 2023.
Mission
• To contribute and enhance the Global Climate Sustainability, by promoting and providing solar energy solutions.
• To promote the transition towards solar energy and thus reduce carbon footprint globally, fostering the betterment of our Earth’s ecosystem.
• To constantly improvise and explore new technologies and their economical deployment to harness solar energy.
Vision
To be a global leader in Solar Industry by providing efficient Solar Energy Solutions.
Our Values
• Quality and Integrity
• Consistency
• Innovation
• Accountability
• Transparency
Advanced Manufacturing System: -
Automation- Manufacturing facility of 400 MW along with minimal human interference.
Computation- Very well-equipped data analysis for forward integration and Reverse engineering tracking.
Artificial Intelligence- Advanced MES that provides production, quality and stringent quality control systems.
Infrastructure Highlights
PIXON’s industrial entity is well spread and equipped with smart tech to enhance processes and security.
• The industry spread on 65,000 sq. m of land.
• Fully automated Machinery with minimum human intervention.
• In-house Raw Material Production for quality control.
• In-house skilled R&D team.
• Spacious warehousing stacking 20+ MW of modules & raw materials.
• Smart warehousing ready for delivery & dispatch
Q. What is the purpose of participating in REI and what are your expectations from this mega event?
We at PIXON believe that these types of events and exhibitions provide an excellent opportunity to network with industry leaders. By providing possibilities for sustainable development to companies in this field, this yearly event seeks to hasten the expansion of India’s renewable energy industry. REI is the venue for showcasing cutting-edge technological solutions to any fundamental problems our industry faces. The event brings together influential individuals, technical experts, and professionals from top businesses engaged in the production, transmission, and distribution of renewable energy in India and around the world.
Q. Going forward, what role do you see your organization playing in the future development of solar modules?
PIXON believes in advancing with the latest technological developments in the market. We are going to launch an exclusive range of Multi-Busbar Modules with 600 MW capacity manufactured with latest European technology.Solar energy is expected to play a major role in the expansion of renewable energy sources during the next few years. In comparison to now, solar energy’s potential would practically treble. Future estimates for renewable energy are likely to rise, and solar energy will also experience significant growth. In order to reach new heights, PIXON has previously established milestones and consistently provides effective solar energy solutions.
Q. How does the company help in improving the quality and reliability of solar PV projects?
PIXON symbolizes integrity and quality. We generally uphold the formality of many administrative and policy issues connected to the quality of goods like BIS and ALMM. Every one of our products is created with international standards. The ALMM is most likely not going to directly benefit production segments, but it will indirectly benefit solar power facilities in India by managing the quality of the modules that are installed.
Q. Tell us about your commitment towards Solar Sector in India & your strengths to achieve your targets.
The opportunity to incorporate solar modules into people’s daily lives increased as the world embraced the solar revolution. PIXON materializes into solar products by providing specialized solutions of the highest standard and calibre. Sustainable energy may be able to re-empower India’s economy by creating a sizable number of new jobs, making it possible for India to become energy independent.
Q. What is your purpose participating in REI and what are your expectations from this mega event?
REI is Asia’s leading b2b expo offers an all-inclusive platform to domestic and international manufacturers, traders, buyers and professionals from across the renewable energy domain. This is a great opportunity for En-icon to showcase our highly efficient products made with cutting edge technology and research for domestic , commercial and industrial applications.
Q. Going forward, what role do you see your organisation playing in the future development of solar modules?
En-icon's vision is to become the greatest contributor towards making India a Green Energy Powered Country as well as to find a pollution free globe to save the next and next generations. To achieve it, we are continuously providing end to end solar solutions- manufacturing highly efficient products at the most competitive prices.
Q. The company is focusing on renewable energy; can you shed some light on the current renewable energy market both in Indian as well as in the global context?
Over the past decade, the cost of solar has fallen dramatically. New technologies promise to increase efficiency and lower costs further. Solar energy will soon be unbeatable compared to fossil fuels. Also, the country will meet 50 per cent of its energy requirements from renewable energy by 2030 which is huge.
Q. The recent cost rise has put pressure on module markers, what is your company’s response?
Supply demand mismatch is the most crucial factor which is directly or indirectly leading to an increase in module prices. Hope soon there will be a balance between the supply and demand as it is essential for stabilisation of solar module prices.
Q. Please highlight some interesting facts about your uniquely named products RIG, SAAM, YAJUR, ATHARVA.
The Vedas consider the sun as the soul of the world, it has been considered as a life nurturer. The names of our products - RIG, SAAM, YAJUR, ATHARVA have been taken from the vedas to honour its role in combating climate change and being the guiding light to increase solar power.
Q. Tell us about your commitment towards the solar sector in India & your strengths to achieve your targets?
We believe to empower by offering sustainable, affordable & innovative energy solutions with 100% quality assurance to our customers. We’ve adopted a fully automated robotic factory system with 130 MW solar module manufacturing capacity.
Q. What are Icon Solar’s highlights in 2021 & 2022? What are the company’s hopes in 2023?
Like other industries, post-pandemic was a bit difficult and the growth was slow but still we achieved 31% growth in 2021 and again 20% in 2022. For us, 2023 is full of hopes and we are expecting at least 35% growth as we are also going with the expansion and coming up with new products in MONO Perc Solar Modules.
Q. To begin with can you give our readers a brief overview of KehanSri Solar including your company’s offerings and presence in India?
Founded in 2016 KehanSri has come a long way from being a B2B Technology Solution provider to a Solar Solutioning Company. Our team brings a vast experience in Marketing and Solutioning of Consumer and Technology products of National and International repute across Indian market.
We now serve customers all over India and are thrilled to be a part of the Government’s mission of India’s Sustainable Energy Future. Our experience across the solar value chain reduces risk while delivering more reliable, dependable and cost-effective solutions for our customers.
Q. Tell us about your commitment towards Solar Sector in India & your strengths to achieve your targets.
Our mission is “A World without darkness” with sustainable development as the key virtue. We look forward to maintain our mother Earth in her pristine form with progressive, innovative development and tendering it over to our future generations. Our passion, focused approach towards contributing something worth to the world topped up with sincerity in our actions, great teamwork leaves us with only optimism for the best.
Q. What are your thoughts on the future of Rooftop Solar, Solar Street Light, Solar Water Heater, and Solar Fencing?
The development of solar energy in all ways and technologies is making our world a cleaner, safer, and less dependent nation. When all of our natural fossil fuels are low or gone, solar energy will be one of the leading sources of energy that we will need in the future.
Q. KehanSri Solar offers a broad range of solar solutions; could you highlight your products for our readers.
KehanSri solar offers one stop solution for all your Solar needs. We’re dedicated in giving you the very best of Solar Power products, with a focus on best of Quality, Solutioning, Dependability, and long-lasting Customer Satisfaction. Some of our products are Solar rooftops, solar lights, solar water heating systems and solar fencing.
Q. Quality, Costs, and Performance are key concerns for Indian consumers and EPC companies. How would you like to address these issues for your offerings in India?
I feel best quality and High performance is the key and indeed it has an added cost attached to it. The KehanSri team is making the consumer aware of best quality products and also facilitating the appropriate products reaching to the end consumer.
Q. How do you envision the future for solar in India and what role KehanSri Solar do you expect to?
The solar industry in India has a great future. We are blessed to have the energy of Sun available to us in abundance and our country developing towards self-reliance!
We at KehanSri are looking forward to this great future with the same enthusiasm, fervour and zeal!
Q. What do you want the company to accomplish in the next couple of years and how would you define?
In next 2-3 Years we would like to see ourself as one of the most reliable Solar Solution Partner in South India. We want to offer a platform to all the leading Global players to set up their R&D centre for developing innovative products to meet Indian Solar needs and make this world free from darkness.
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