Q.Could you provide a brief overview of your company, including the markets it operates in and any developments in those areas over the last few years?
Power N Sun, a Subsidiary of Orange Overseas, is a One Stop Solar Solutions, Supplies & System Company, Head Quartered in Dubai, UAE. The Group was founded in 2013 by Mr. LK Verma, who is the Founder & MD. We are the Solar Product Distribution company associated with Tier-1 brands, providing 360 degree solutions for On Grid, Off Grid & Hybrid Solar. We have more than 10 years of experience in Renewable Energy and till now we have shipped 2GW+ shipments across the Middle East, Africa, India, South East Asia and Europe regions, through local presence in 13 countries and distribution networks spanning more than 50 countries, we effectively deliver solar products over the world.
Q.What are the main solar products your company provides, and how do they cater to the needs of various sectors, including residential, industrial, and commercial?
We offer a diverse range of solar products designed to meet the needs of residential, industrial, and commercial sectors. Our product range includes domestic and imported PV modules (JA Solar, Trina, Longi, Jakson, Jinko, Goldi Solar), String inverters (Solplanet, Sofar, INVT), we also provide PnS One, which is a game changer for any Installer/ Reseller, a mobile based solar application which consists of CRM, Design tools for designing of solar plants up to any capacity, solar management and monitoring app, Online buying of Solar products and another digital platform named Pv.market, a digital market place for Sellers (Manufacturers) & Buyers, and an Academy of Renewable Energy and Environmental Management (AREEM) that provides Renewable energy related courses for energy enthusiasts.
Q.What specific challenges do you face when addressing the needs of diverse markets across various sectors, and how do these challenges influence strategy and operations?
Powernsun addresses key challenges in the solar industry like sourcing of the solar material to everyone, timely availability of solar products to project developers, dealers and EPC service providers etc. We offer comprehensive 360-degree solar solutions, catering to all needs in the solar industry, from equipment supply to consultation and support.
Q.What are the key factors that made you partner with specific manufacturers such as Solplanet, Sofar, INVT, JA Solar, Longi, Jakson, Goldi and others, and how do you ensure strong, ongoing relationships with them?
We have developed a unique approach to solar energy solutions that are based on our core values of quality, reliability, and affordability. We strive to provide the best quality products and services from global manufacturers like Solplanet, Sofar, INVT, LONGi, JA Solar, Jakson, Goldi Solar and more. Regular collaboration, transparent communication, and mutual trust are the key factors that ensures a strong and ongoing relation with manufacturers.
Q.How does your company contribute sustainability and promote the use of renewable energy in its regions?
Powernsun is committed to sustainability and promotes renewable energy through several key initiatives like global solar equipment distribution, various community engagement activities such as educational programs and partnerships, technical seminars, webinars and other awareness activities to make clean energy accessible to a wider audience. Q.How do you envision the coming time of the solar industry, and what steps is your company taking to adapt to these changes? The future of the solar industry looks promising, with increasing demand for clean energy driven by climate change awareness, technological advancements, and supportive government policies. By staying and continuously adopting the key trends like technological advancements, decentralized energy systems, smart grid integration, customer education, we aim to lead in the evolving solar landscape and contribute to a sustainable energy future.
Q.What are your growth projections for the company in the near future, and how do you anticipate the solar industry to develop in your region?
Our growth projections for the near future are optimistic, driven by the increasing demand for renewable energy solutions and supportive regulatory frameworks. We anticipate significant expansion in the areas as below:
• We expect a surge in demand for solar installations across residential, commercial, and industrial sectors.
• Improved efficiency and energy storage solutions will open new opportunities.
• Supportive Govt. policies and incentives for renewable energy adoption are likely to accelerate the transition to solar business.
• We plan to forge partnerships with project developers, EPCs, local governments and businesses to expand our reach.
Q.Why should customers choose Rayzon Solar in today’s competitive renewable energy market? What distinguishes your brand and gives it a competitive edge?
Rayzon Solar stands out in the renewable energy market through its high-efficiency solar solutions, including N-Type TOPCon and 210R panels, powered by cutting-edge technology. Our focus on innovation, quality, and sustainability ensures superior performance and reliable products. Continuous investment in R&D keeps us at the forefront of industry trends, while our global reach and customer-centric approach allow us to provide tailored energy solutions. We are committed to carbon neutrality and social responsibility, offering products that contribute to a greener future and deliver long-term value to our customers.
Q.Can you provide more details about the ambitious collaboration between Rayzon Solar and L&T, and how do you see this partnership setting new benchmarks for the renewable energy sector?
The partnership between Rayzon Solar and L&T marks a pivotal moment in the renewable energy sector. By merging Rayzon Solar’s leadership in highefficiency solar module manufacturing with L&T’s expertise in engineering and infrastructure, we are setting new industry standards. This collaboration focuses on accelerating the transition to clean energy through the delivery of innovative, large-scale solar projects that prioritize sustainability, reliability, and performance. Together, we are dedicated to advancing India’s renewable energy goals, including the ambitious target of achieving 500 GW of renewable energy capacity by 2030. We are committed to driving the nation towards a greener future and setting new benchmarks for excellence in the solar industry.
Q.Could you elaborate on Rayzon Solar’s global presence and how it is expanding its footprint in the renewable energy market?
Rayzon Solar has established a strong global presence, expanding its footprint in the renewable energy market by serving over many countries worldwide. With a commitment to innovation, quality, and sustainability, the company has built a reputation for delivering high-performance solar solutions across diverse regions. Rayzon Solar’s strategic growth is supported by its cutting-edge N-Type TOPCon and 210R panels, which cater to the growing demand for efficient and reliable solar energy. As the company continues to expand, it is actively pursuing new markets, forging international partnerships, and increasing production capacity to meet the rising demand for clean energy, while contributing to the global transition toward sustainable power solutions.
Q.What are the top three technological advancements you expect from Rayzon Solar in 2025?
Additionally, what are your hopes and expectations for the Indian renewable energy market in the coming year? At Rayzon Solar, we anticipate significant technological advancements in 2025, with a focus on enhancing the efficiency and performance of our solar modules. Our top three innovations include the launch of advanced 210/210 square cells, further optimization of N-Type TOPCon technology for higher power output, and expanded backward integration with in-house manufacturing of key components like aluminium frames to ensure quality and cost-effectiveness. For the Indian renewable energy market, we expect accelerated growth driven by supportive policies, increased investments, and a strong focus on sustainability, positioning India as a global leader in clean energy adoption.
Q.How can India’s renewable energy sector play a pivotal role in achieving net-zero emissions, and what steps are being taken towards this goal?
At Rayzon Solar, we are proud to support India’s renewable energy journey towards achieving netzero emissions. With the government’s target of 500 GW of renewable energy by 2030, solar power, including our high-efficiency N-Type TOPCon panels, plays a key role. Through cutting-edge technologies, sustainable practices, and ongoing investments in solar infrastructure, we are contributing to India’s clean energy transition and helping decarbonize the economy for a sustainable future.
Q.What commitments has Rayzon Solar made towards environmental preservation, and how is the company promoting energy efficiency in its operations and projects?
At Rayzon Solar, we are dedicated to environmental preservation by focusing on clean energy solutions and sustainability. We use high-efficiency technologies like N-Type TOPCon and 210R panels to reduce carbon footprints and optimize energy output. Our eco-friendly manufacturing processes minimize waste, and we prioritize sustainable materials like in-house aluminum frames. Through these efforts, we support the global shift to renewable energy while ensuring a greener future for generations to come.
Q.Can you give us a brief summary of your company’s journey so far and also explain how it emerged as a leader in the renewable energy space?
Avaada began its journey in 2011 with a modest 15 MW project, driven by an early recognition of the urgent need for renewable energy and mitigating climate change. As a pioneering entrant, Avaada seized opportunities in this emerging sector, setting a new benchmark in 2014 with the launch of the world’s second-largest solar plant of 151 MW in Neemuch, Madhya Pradesh. This milestone event, inaugurated by the Hon’ble Prime Minister, was a significant moment when he shared his visionary outlook for India’s renewable energy future.
Building on this momentum, Avaada soon scaled up, becoming India’s largest Independent Power Producer (IPP) with a 1.2 GW capacity. This growth trajectory attracted key international investments from partners like the Asian Development Bank (ADB). In 2017, Avaada embarked on its second phase, ambitiously aggregating over 26 GW of renewable capacity in under a decade, including the world’s largest single-location solar project at Bikaner, a 1.2 GW installation that showcases the company’s industry leadership.
Avaada’s unique “sand to molecule” approach demonstrates its commitment to sustainability by harnessing the entire energy production lifecycle. With a diversified portfolio, Avaada excels in navigating complex regulatory landscapes while advancing national priorities and community empowerment. The company’s emphasis on nurturing a skilled talent pool , being employer of choice , relentless focus on innovation and fostering sustainable practices has cemented its position as a leader in India’s renewable energy journey.
Q.What key strategies is your company implementing to reach its ambitious target of 30 GW of installed renewable energy capacity by 2030?
To achieve our ambitious 30 GW renewable energy target by 2030, Avaada is pursuing several strategic initiatives which ensures that we are well-positioned to achieve its renewable energy goals while supporting India’s sustainable energy transition. We are fostering a holistic renewable energy ecosystem that integrates solar, wind, storage enhancing overall capacity and sustainability. Avaada is securing a robust land bank, ensuring smooth project deployment and scalability across multiple geographies. Our proactive endeavours are geared for securing power connectivity and grid evacuation infrastructure to efficiently deliver energy from our projects to the grid. Our in-house Engineering, Procurement, and Construction (EPC) team enables cost-effective and quality-controlled project execution which gives us an edge. At the same time, Avaada’s robust asset management capabilities optimize performance, maintain high uptime, and maximize output from each renewable asset. By leveraging AI, Avaada enhances predictive maintenance, operational efficiency, and data-driven decision-making across our projects, optimizing performance and scaling rapidly. A dedicated leadership team and skilled talent pool drive our vision and ensure consistent growth, innovation, and operational excellence. We cultivate a vibrant, employee-cantered culture that empowers individuals, promotes diversity, and enhances overall productivity and retention. Avaada is pioneering sustainable energy models, including roundthe-clock energy dispatch and advanced storage solutions, to meet the rising demand for reliable green power. We partner with leading corporates on their sustainability journeys, offering customized renewable power procurement solutions to help them meet environmental goals.
Q.Would you shed light on how the company’s initiatives aim to empower communities, and what specific actions are being taken to impact the lives of 1 million people?
Avaada Foundation is committed to fostering a world where every individual thrives. We focus on the core pillars of Education, Empowerment, Health and Environment (3E&H). Our mission is to create a nurturing environment where all individuals flourish and realize their full potential. Through our programs, we strive to empower communities, especially women, enable access to education, promote health and well-being and protect the environment. Education: Our comprehensive education program is enabling access to quality education. Our aim is to ensure that children in villages receive similar education standards as those prevalent in developed urban locations. Through infrastructural refurbishment, modernizing classrooms with latest technological facilities, upgrading sanitation facilities we are enabling learning in a conducive environment. Coaching Classes and Digital Centres are enabling students to be future ready. In addition sport facilities and equipment, in addition to various competitions and workshops are enabling holistic development of the children. Empowerment: We have been enabling women through skill-building courses for transforming opportunities into sustainable income sources. Navkiran Tailoring & Stitching Centres, located across India, offer free professional classes for women in the art of tailoring. Over the years, many of the graduated trainees are successfully earning an income. Numerous Awareness & Training sessions are enabling farmers get oriented with efficient agricultural practices. Livestock is an important component in rural economy. The veterinary camps have helped ensure good health of villagers’ cattle. Community members are being connected with potential job opportunities in their region. Health: We seek to improve access to quality healthcare services, raise awareness and address health disparities. Multiple specialized and general awareness camps are being organized to help villagers lead healthier lives. The Ambulance service is ensuring that patients in critical situation are able to access much needed health care. Access to clean drinking water and sanitation facilities for the children and communities have been ensured. Environment: Numerous tree plantations drives have resulted in creation of mini forests and increased green cover. By adopting best practices like the Miyawaki techniques we are developing forests in otherwise barren land. At all our project sites we have been promoting environmental awareness within the community. Nearly 1,00,000 trees have been planted across locations in the country.
Q.What role does innovation play in the company’s operations in green hydrogen and sustainable fuels, and how is it leveraging new technologies to boost efficiency and sustainability?
Innovation is pivotal in Avaada’s journey towards becoming a leader in green hydrogen and sustainable fuels. With green hydrogen and its derivatives representing a transformative sector, Avaada is closely aligned with the Government of India’s ambitious National Green Hydrogen Mission, which emphasizes strategic demand and supply-side initiatives to catalyze growth in this domain. To drive our “sand-to-molecule” vision, Avaada is setting up substantial renewable energy capacities specifically to power our electrolysers, ensuring a carbon-neutral hydrogen production process from start to finish. Our flagship 0.5 million tons per annum (MTPA) green ammonia project in Odisha is advancing, embodying our commitment to sustainable fuel alternatives at scale. Avaada’s innovation extends further into in-house electrolyser manufacturing, which strengthens India’s self-sufficiency while enabling highly efficient and cost-effective hydrogen production. We are leveraging AI-driven operational management for real-time monitoring and optimization, improving energy yields and minimizing waste. Furthermore, our R&D focus is towards actively exploring breakthrough electrolysis technologies that reduce energy requirements to boost overall efficiency. By combining these innovations with our renewable energy backbone, Avaada is not only enhancing operational efficiency but also contributing to a robust, green hydrogen ecosystem. Our approach is designed to set industry standards in sustainable fuels, supporting India’s transition to a self-reliant and carbon-neutral future.
Q.What actions is the company implementing to ensure that its projects contribute to reducing carbon emissions, which is a key objective for the company?
Avaada is deeply committed to sustainability, utilizing nature’s abundant resources—sun, wind, and water— as foundational inputs to minimize environmental impact and actively reduce carbon emissions. Every initiative we undertake aligns with our mission to drive a carbon-neutral future. Through these actions and our unwavering focus on sustainability, Avaada not only drives down carbon emissions but also sets an industry standard for responsible, eco-conscious renewable energy solutions. To ensure impactful carbon reduction, we are implementing multiple key actions. Avaada is rapidly scaling up solar and wind energy capacities, directly offsetting fossil fuel-based power generation and significantly lowering emissions on a large scale. By incorporating energy storage systems like battery storage and Pumped storage , we enhance grid stability and enable round-the-clock renewable energy supply, reducing the need for carbonintensive backup sources. Our green hydrogen initiatives, powered exclusively by renewable energy, provide zero-carbon alternatives for sectors like industrial manufacturing and transportation, helping them transition toward net-zero operations. Avaada emphasizes circular economy practices, including waste reduction, water recycling, and end-of-life solar panel recycling, to further minimize our environmental footprint. Each new project integrates sustainable designs, with low-impact land use, reforestation initiatives, and eco-friendly construction materials, ensuring minimal carbon footprint throughout the project lifecycle. Avaada collaborates with leading corporates to mitigate their carbon footprints through dedicated renewable energy projects and customized sustainability solutions, supporting their environmental goals and commitment to a greener future. We actively engage communities around our projects, promoting sustainable practices and environmental awareness, which fosters a broader positive environmental impact.
Q.What are the biggest challenges for the renewable energy sector in the country today and how is your company preparing itself to remain competitive?
India’s ambitious target of achieving 500 GW of renewable energy by 2030 presents tremendous opportunities but also poses several significant challenges. To realize this vision, key requirements such as robust grid connectivity, expanded substations, and extensive investment in transmission infrastructure are vital for effectively integrating large-scale renewable projects into the national grid. While India’s policy regime for renewable energy is stable and encouraging, the success of its ambitious targets hinges on a strong grid infrastructure. Investments in transmission lines and substations are essential to ensure that renewable energy reaches demand centres efficiently. Converting successful auctions into secured Power Purchase Agreements (PPAs) remains a priority, as it provides revenue assurance for renewable projects. Renewable energy projects demand substantial capital, and innovative financing models are crucial to sustaining growth. Avaada leverages green bonds, international investments, and partnerships with development/ banks to drive expansion, while also exploring green finance innovations to fund future projects. For India to meet its renewable targets, strengthening domestic manufacturing for modules and cells is essential. Avaada has committed to expanding its manufacturing capabilities, especially in key components like solar modules & cells , to reduce reliance on imports and ensure a steady & resilient supply chain including for the for the country. Land acquisition is a significant hurdle in renewable project development. Avaada proactively addresses this challenge by building a secure land bank and maintaining close coordination with state authorities to expedite land approvals, allowing for faster project deployment. To overcome the intermittent nature of renewables and provide consistent power, storage solutions like pumped storage projects and battery storage are essential. Avaada is investing in cutting-edge storage solutions to enable round-the-clock energy delivery, enhancing reliability for our clients and grid operators. Avaada also offers tailored solutions to corporates looking to mitigate their carbon footprints through customized renewable power procurement options thereby strengthening our competitive edge in the corporate segment. In addition, Avaada is deploying AI and advanced data analytics to optimize project operations, improve predictive maintenance, and enhance overall efficiency. This forward-looking approach enables us to swiftly adapt to the evolving landscape while reducing operational costs. By synergically aligning our organizational bandwidth with the rapidly evolving renewable sector, Avaada remains flexible and resilient. Our committed leadership, strong talent pool, and innovation-driven culture allow us to anticipate and respond effectively to changing regulations, market demands, and technological advancements. Through these strategic preparations, Avaada is well-positioned to meet the demands of India’s growing renewable energy sector, staying competitive while contributing meaningfully to the nation’s clean energy goals.
Q.Given the fast-paced advancements in renewable energy technologies, how do you envision the company’s future in the next few years?
As renewable energy technologies rapidly advance, Avaada is primed to play a pivotal role in India’s clean energy transformation over the coming years. India’s renewable energy program, targeting 500 GW by 2030, is driving unprecedented demand for innovative solutions, stronger supply chains, and local manufacturing capabilities. To support this vision, Avaada is proactively integrating cuttingedge advancements in technology, energy storage, smart infrastructure, and data-driven operations. The need for resilient supply chains and enhanced manufacturing capacities has never been greater. Avaada is expanding its local manufacturing capabilities, including modules, cells, and electrolysers, to secure reliable inputs for its projects while reducing reliance on imports. This focus on local production strengthens our position in a competitive market, supports job creation, adds to local economies and aligns with India’s goal of energy independence. Avaada is deeply invested in pioneering energy storage solutions, including Battery Energy Storage Systems (BESS) and pumped storage projects, to address the variability of renewable energy. These technologies enable round-the-clock power delivery, making renewable energy more reliable and supporting the grid during peak demand. Avaada’s commitment to scaling storage capacity ensures that we are ready for India’s growing demand for resilient and dependable green energy. As renewable penetration grows, integrating energy sources with advanced grid technologies is crucial. Avaada is actively exploring smart grid technologies, blockchain applications for distributed solar energy management, and virtual power plant solutions. These innovations enhance grid stability, improve energy distribution efficiency, and offer decentralized energy options, empowering both the grid and individual consumers. Similarly Avaada is at the forefront of adopting next-generation electrolyser technologies, such as, PEM which promise higher efficiency in hydrogen production. These advancements are critical to our “sand-tomolecule” vision and underpin our ambition to lead in green hydrogen production and e-fuels for industries aiming for decarbonization. Avaada’s future includes a substantial commitment to green hydrogen, green ammonia, and e-fuels. Our 0.5 MTPA green ammonia project in Odisha is a flagship initiative, positioning us to meet domestic and global demand for sustainable fuels. With a focus on these areas, Avaada is creating viable alternatives to fossil fuels for sectors like industry, marine shipping, transportation, and agriculture. Avaada is harnessing AI-driven data analytics to optimize performance, improve predictive maintenance, and reduce operational costs across our renewable portfolio. Leveraging AI allows us to make data-backed decisions, enhancing both our efficiency and responsiveness to shifting energy demands. With our sights set on 30 GW of installed renewable energy capacity, Avaada’s future is vibrant and aligned with India’s ambitious renewable goals. Our holistic approach—spanning technological innovation, local manufacturing, energy storage, data intelligence, and green fuels—ensures we are well-prepared to lead in the new energy landscape. Avaada is not only scaling up renewable projects but also setting the stage for a future where clean energy solutions are both sustainable and transformative for India and beyond.
Q.Could you briefly tell us about your company, and outline its core mission and vision within the solar energy sector?
We have started solar project EPC only TWO year back with new Enterprise name M/S B-Solar consultant & Engineer Pvt ltd. We are registered as RE Renewable Energy Company with MSME and Startup India with DP IPP114133.
Our company work pattern is as per 9001:2015. Company have wide experience in solar rooftop, Ground Mounted and have successful commissioning done under different category such as Residential Solar Rooftop 2500 KWp and Industrial and Commercial for 3000 KWp. Moreover Ground Mounted are also in pipeline. We also do liasioning & design of solar project in MW scale with statutory compliance. We do installation of DG sets for captive need, APFC panels, Servo Stabiliser SITC. We named some project with PV capacity as below.
1. Sona Pump-Ahmedabad-250KWp-Gujarat.
2. Watermen Industries -180KWp-ChangodarGujarat
3. Euphoria Packaging -550KWp-ChangodarGujarat 3
4. Oritech Solutions-Bavla-101kWp
5. Santoshi Industires-125Kwp-Bavla-Gujarat.
6. Fern Sattva Resort-Polo Forest-130KWpVijaynagar
7. Swaminarayn Mandir-Maninagar-115KW
8. J L Trust -90KWp -Maninagar-Ahmedabad
9. Jadeblue Apparels-52kWp-Khokhara-Ahmedabad.
10. Swaminaryan mandir-Ghodaser-52KWp
11. HCG Health care hospital-63KWp-SolaAhmedabad.
12. Kotyark Mandir -50kWp -Mahudi-Gujarat
13. AdhyaShakti Rubber-50kWp-Kadi -Gujarat
14. Vaishno Devi Mandir-Ahmedabad-40KWp-Gujarat.
15. Motabhai Electronics -50KWp -ViramgamGujarat
And many more project done below 50KWp in commercial as well as 215 project under Residential under Surya Gujarat Scheme and More than 200 project under PM Surya Ghar Yojana Residential and Group Housing.
Q.Could you shed some light on services such as EPC for solar rooftops, industrial solar rooftops, solar water heaters, servo stabilisers, and other related offerings?
Here at B-Solar we provide complete Turnkey project right from application with SNA up to installation of SGM. We also do maintenance of Solar plant, we are also installing Heat pump recently we have installed 500 LTD two HP at HCG Cancer Hospital Ahmedabad.We are also giving solution for voltage fluctuation by Servo Stabilizer and APFC panels.
Q. What are some common obstacles encountered in solar energy projects, and how does your company tackle these issues?
As such statutory requirement are some obstacles regarding solar policy ,in Gujarat Solar Policy 2023 was announced and yet it is not implemented due to which consumer are not getting full benefit of solar plant installed on their roof for commercial projects. In residential new portal is under development so statutory obstacles are challenge at present time and more vendor more price war is main challenge.
Q.What are the company’s shortterm and long-term objectives for advancing in the industry?
There is as such no short or long term, I thing small or big project all are to be handled with same passion. We do 2KWp also and there is no upper limit in MW scale.
Q.What trends or shifts in the solar energy market are impacting your business strategy?
Prices of solar modules are decreased, have given boost to commercial and industrial solar RTS as well as Ground Mounted projects. We are very keen in our technical work and always deliver one of best system to our clients. Marketing is not needed when you deliver right system at right time with right price, your clients work for you. This is only ethical strategy we use to expand our business and it gives right path and vision to grow which I have experience in last 8 years
Q.How is Floatex Solar making power more reliable, affordable, and environmentally friendly?
Floatex Solar revolutionizes the renewable energy sector by offering floating solar technology that delivers more reliable, affordable, and eco-friendly power solutions. By utilizing underutilized water bodies for solar panel deployment, Floatex Solar not only conserves valuable land resources but also capitalizes on the cooling effect of water to boost panel efficiency. This results in higher energy yields and extended panel lifespans. Additionally, floating solar installations help mitigate evaporation from reservoirs, conserve water resources, and can even improve the surrounding aquatic ecosystem by reducing water temperature. Floatex Solar’s use of robust, long-lasting materials further enhances the sustainability of its projects, making them both cost-effective and environmentally sound for the long term.
Q.How do you see Floatex Solar expanding over the next five years? Could you share some highlights from your journey so far?
Floatex Solar’s vision for the next five years is ambitious yet achievable, with plans to scale its operations both in India and globally. In the last five years alone, Floatex has commissioned more than 600 MW of floating solar projects and has another 300 MW in the pipeline, marking its rapid growth in a highly competitive industry. Looking ahead, Floatex aims to lead the market with innovative, next-generation solar technologies, focusing on expanding its manufacturing capabilities to meet the growing global demand for renewable energy. Floatex’s success can be attributed to its blend of superior product quality, rapid project execution, and continuous technological innovation, which have positioned the company as a frontrunner in floating solar technology. Its commitment to sustainability, customer satisfaction, and R&D will continue to drive its growth and impact in the years to come.
Q.What is your current manufacturing capacity, and what are your expansion plans?
Floatex Solar currently operates with an annual production capacity of 500 MW, and by 2025, this is set to increase by an additional 100 MW to meet growing market demands. As part of its expansion strategy, Floatex is not just focused on scaling up its production facilities but is also investing in cuttingedge technologies to enhance operational efficiency. Additionally, the company is exploring strategic partnerships to expand its footprint in international markets. This multi-pronged approach ensures that Floatex will not only meet the increasing demand for floating solar solutions but will also remain at the forefront of technological advancements, thereby reinforcing its position as an industry leader.
Q.What policy changes would you like to see to help solar PV modules flourish? Is there anything else that could boost solar installations in India?
For floating solar PV modules to truly flourish in India, several key policy changes are necessary. First and foremost, providing subsidized land and reducing electricity tariffs for solar manufacturing facilities would lower costs and create a more conducive environment for growth. Additionally, easing regulatory approvals for water-based solar installations and offering targeted financial incentives for such projects could accelerate adoption. Infrastructure development on water bodies, backed by strong public-private partnerships, is also critical for scaling these projects. Furthermore, a clear roadmap for grid integration and energy storage solutions would help ensure the reliability and stability of solar energy on a large scale, paving the way for wider adoption of floating solar technology in India.
Q.What does your renewables portfolio include, and what technologies are you focusing on?
Floatex Solar’s renewables portfolio is designed to drive innovation in floating solar technology. The company specializes in the manufacturing and installation of floating pontoons capable of supporting high-capacity solar modules, up to 610 Wp. This technology is bolstered by the addition of floating ferrocement barges that can house transformers weighing up to 30 metric tons, providing complete floating solar solutions from power generation to energy conversion. Looking forward, Floatex aims to expand its portfolio with cutting-edge energy storage solutions and hybrid systems that combine floating solar with other renewable technologies, such as wind and hydropower, to provide a more stable and consistent energy supply.
Q.How can India’s renewable energy sector unlock the path to net-zero emissions?
India’s renewable energy sector holds immense potential to lead the way in the global transition to net-zero emissions. To achieve this, the country must aggressively scale its adoption of renewables, with floating solar technology playing a crucial role. By maximizing the use of water bodies for solar installations, India can conserve land for other essential uses while benefiting from the enhanced efficiency of water-cooled solar panels. In combination with advancements in wind power, solar PV, and energy storage technologies, largescale floating solar projects can significantly increase India’s renewable energy capacity. To accelerate this transition, robust government policies, infrastructure investments, and crosssector partnerships are essential. Additionally, fostering innovation in grid integration and energy distribution will be key to ensuring that renewable energy can power the country’s growth sustainably, driving India closer to its net-zero emissions target.
Q.Could you tell us about your major projects and clientele you are catering to?
Floatex Solar has been at the forefront of several prestigious floating solar projects, demonstrating our cutting-edge expertise and capacity in this growing field. Some of our major projects include:
• 140 MW AMP Energy RUMSL Omkareshwar Project • 126 MW TATA Power RUMSL Omkareshwar Project
• 131 MW NTPC/BHEL Ramagundam
• 21.5 MW NTPC/BHEL Simhadri
• 21 MW NTPC/BHEL Kayamkulam
• 28.3 MW NTPC/L&T Auraiya
• 34 MW NTPC/Vikram Solar Kawas
These initiatives exemplify our ability to deliver high-quality, customized floating solar solutions for a variety of clients. From government bodies to prominent private corporations, we tailor our services to meet both their unique energy needs and environmental requirements, earning their continued trust and collaboration.
Q. Could you give us a brief overview of your company and its main areas of focus?
Statcon Energiaa has been an industry pioneer in Power Converter manufacturing for over 3.5 decades, with over 100K completed projects and 600+ MW Solar Inverter Installations across the globe. We offer a diversified range of energy solutions in five major divisions: Solar-PowerDefence-Railways-Hydrogen to over 25 countries. From R&D to manufacturing and after-sales – we are with our customers at every step. We have been recognised repeatedly for our innovative technology in providing solar solutions, most recently in 2022 for “Excellence in RE Storage Solutions”. Here’s a glimpse of what we offer:
1. Solar: We are, as of 2024, the largest solar inverter manufacturer in India. We are the only company in India offering a complete range of solar inverters, including Hybrid MPPT PCUs (Storage + Grid export), SEOG MPPT-based PCUs, IP55 Microgrid/ Minigrid Inverters, and Solar Container Solutions. We’re the only company to have designed and manufactured a 100% Indian-made solar on-grid inverter.
2. Defence: We specialise in designing and manufacturing maritime rectifiers, frequency converters, load banks and much more for Maritime Security. Our products have been running successfully across Naval Dockyards for over 13 years. We made the first MW Rectifier for the Indian Navy, and also now exporting the same to our friendly countries. India’s Largest Load Bank at 1.25MW capacity, installed at Naval Dockyard, Vishakhapatnam, was designed and manufactured for by us for the special application. Our Shore Supply Battery-cum-Rectifiers and Static/Rotary Frequency Converters up to 600KW for Ships and submarines are also serving the nation at Naval Dockyards of Vishakhapatnam and Mumbai. We have more than 250 GPUs (40KVA-100KVA) powering the Indian Air Force, Indian Navy, HAL, Private Civil aircraft, Government of Uganda, Nepal and Seychelles.
3. Power Utilities: Statcon Energiaa’s industrial battery chargers are spread across the length and breadth of India, with over 20,000 units currently functioning. We offer a range of products for power utilities that cover a wide spectrum with an aim to modernise India’s power grid. Our major clients include DMRC, Jaipur Metro, Indian Army, Air force, Navy, NTPC, NHPC, BHEL, NHDC, electricity boards of MP, HP, Tamil Nadu, Gujarat, Rajasthan, Odisha etc.
4. Railways: Statcon Energiaa designs and manufactures Integrated Power Supply (IPS) systems for Railway Signaling Installations, Solar Level Crossing Gate (LC Gate) for remote areas, 48V Telecom power supply for Railways Signaling
5. Green Hydrogen: Statcon Energiaa’s HighPower Rectifiers are designed for high-voltage and high-current industrial downstream applications like Electroplating and Hydrogen Production. Our Military-Grade power electronics assure long operability, minimal maintenance, and cutting-edge technology. We offer efficient and reliable DC Power Supplies for industrial water electrolysis. The company is certified as per ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, MSME, NSIC and SMERA. A select range of solar inverters is also certified as per IEC and BIS.
Q.What have been the major accomplishments of your company over the past few years?
The past few years have been monumental for us in terms of innovation in our products to make customised, scalable products for renewable energy industry. Our major accomplishments have been as follows:
1. Designing and manufacturing the first and only truly Made-in-India solar on-grid inverter (both hardware and software). This product is ideal for PM Surya Ghar and we’re already in the prestigious Class-1 supplier category for solar inverters - with more than 50% local content.
2. Being the only company in India to design and manufacture customised Solar Inverter systems for India’s biggest microgrid players. We are pleased to say that for each of our microgrid/Mini grid customer, we have offered a completely solution for their needs – keeping in mind their projects’ social, cultural, financial and, of course, energy needs.
Entering and capturing a major portion of the Green Hydrogen Rectifier market. In an industry which is very slow growing (green hydrogen), we managed to not just execute orders for rectifiers for electrolysers, but also to have successfully commissioned our product in difficult terrains of green hydrogen projects (eg recent 1.2MW Rectifier for Electrolyzer at LEH).
Q.What are the current trends in the energy and power industry, and how is the company adapting to these trends?
Technology shelf life has decreased greatly, owing to frequent changes of other supported products. For eg: As Efficiencies of Solar panels is improving each year, so now Inverter R&D has to keep up with new topologies, or components, which can accommodate higher current ratings. Also, as the threat of disruptions in supply chain can happen any moment, localisation of materials has become a necessity, hence our focus on enhancing make in India.
Q. How does the company intend to maintain its lead in the fiercely competitive energy market?
We develop best products for the application, not just for the bottom-line profits. In India, most companies’ R&D is basically cost cutting department, as it unfortunate now that innovation is now being dictated by Purchase managers or Marketing teams. At Statcon Energiaa, the management is full of electrical and electronics engineers, who have a very hands on approach to provide the best product for the application, not always the cheapest one, and that is where our customers recognise and reward our efforts. Manufacturing in India is difficult, but it leads to better value for the application.
Q. In what way will attending the REI Exhibition aid the company in achieving competitiveness based on business objectives?
The state of R&D in India is such that people are still in disbelief that STATCON ENERGIAA has actually managed to create a fully Indian Grid Tied Inverter. So we wish to focus on showing our efforts to the business community that yes, it is possible and anyone can achieve their R&D goals, if we really put our focus and finances towards it. We want to show, that a move away from pure trading is beneficial to India’s Energy Independence goals. We attend REI exhibition every year with the aim of understanding the new energy trends and to see how we can better cater to our customers. We have got several awards at the REI awards held each year for our innovative products such as our “Microgrid Energy Corridor” or our “Bi-Directional Hybrid Solutions”. REI has always brought us a very interesting mix of attendees – ranging from energy enthusiasts to global manufacturers who are interested in knowing what India is doing in terms of innovation and manufacturing.
Q. What are the company’s strategic goals for the coming years, and is it targeting any specific markets or regions for expansion?
Our company’s strategic goals for the coming years are currently manifold. We are focusing more on innovative solar solutions as well as expanding our green hydrogen business division. These two, whether individually seen or together as part of a single renewable solution, are the foreseeable future of the renewable energy industry. As for the regions, we aim to expand our business currently in India as well as similar nations which have huge requirements of energy for development
Q.How does your company distinguish itself from others in the solar energy sector, and what are its core vision and objectives?
ASOT SOLAR distinguishes itself through a commitment to innovation and the highest standards of quality in solar module manufacturing. With our extensive experience in the EPC space, we recognized a significant gap in the solar module supply chain, which prompted us to enter manufacturing. Our core vision is to ensure that solar energy becomes accessible and affordable while maintaining superior product quality. We aim to contribute to India’s sustainable energy goals by building a strong, reliable supply chain for solar modules and providing comprehensive energy solutions tailored to the needs of our clients.
Q.What are the recent technological advancements or innovations begun by the company that are leading to its success?
One of our key innovations has been the establishment of a state-of-the-art solar module manufacturing facility. we identified the supply chain issues of EPC Players and project developers and ASOT SOLAR will be address that, ensuring that we can offer 16BB TOPCon Modules with minimal lead times. Additionally, we are incorporating advanced automation and quality control processes to enhance the performance and reliability of our modules. This investment in cuttingedge technology positions us to meet growing demand while staying ahead of industry standards.
Q.Which markets or regions is your company primarily targeting, and what are the expected prospects in those areas?
ASOT SOLAR are primarily focused on India, particularly in solar-rich regions such as Gujarat, Maharashtra, and Rajasthan, which have a high demand for renewable energy solutions. These areas offer tremendous potential due to favorable policies and government support for renewable energy projects. Additionally, we are exploring opportunities in international markets such as Southeast Asia and Africa, where clean energy demand is increasing rapidly. The prospects in these regions are bright, with growing interest in sustainable energy solutions, and we see ourselves playing a pivotal role in fulfilling this demand.
Q.What challenges is the solar energy sector facing today, and what strategies is your company implementing to overcome them?
The solar sector faces several challenges, including fluctuating policies, supply chain disruptions, and the rising cost of raw materials. One of the main reasons we entered module manufacturing was to address the lack of a reliable supply chain, which had impacted to many EPC players and Project developers. By establishing manufacturing facility, we have greater control over the quality, pricing, and availability of modules to meet the demand of EPC. We are also actively working with policymakers to encourage stable regulations and providing financing options to help clients invest in solar energy more easily.
Q.What are your thoughts on the future developments in solar energy, and how do you see the company contributing to or shaping the future?
The future of solar energy looks incredibly promising, with continuous technological advancements making it more efficient and accessible. I believe that energy storage solutions, alongside solar, will play a crucial role in shaping the industry’s future. As a company, we are committed to investing in both high-efficiency solar modules and innovative energy storage systems. ASOT SOLAR is a significant step in this direction, and we plan to continue leading in technological innovation to ensure we remain at the forefront of the solar energy revolution.
Q.What will be the key benefit your company hopes to gain from participating in the REI Exhibition?
Participating in the REI Exhibition will provide us with a platform to showcase our latest TOPCon modules and demonstrate the advanced technology we are implementing in our manufacturing process. It also offers a valuable opportunity to engage with key industry players, forge new partnerships, and explore potential collaborations. We aim to strengthen our brand presence in the market and highlight our role in addressing the supply chain challenges faced by the solar industry.
Q.What key message would you like to share with both visitors and exhibitors attending the REI Exhibition?
The renewable energy industry is at a transformative stage, and collaboration is key to driving meaningful progress. At ASOT SOLAR, we are committed to solving the critical supply chain issues in solar module manufacturing and delivering high-quality solutions that meet the needs of diverse sectors. To the visitors and exhibitors, I would say that the future of solar energy lies in innovation, reliability, and partnership. Let’s work together to harness the full potential of solar energy and create a sustainable future for all.
Q. Please Hightlight the importance of Static VAR Generator (SVG) technology in modern power grids, particularly in the context of the APAC and MENA regions?
Certainly, TBEA SVG solution represents the most advanced power quality and reactive power compensation technology available today. As an IGBT-based, third-generation reactive power solution, it offers numerous advantages, including enhanced reactive power capability, faster response times, and low harmonic distortion.
1. Voltage Stabilization and Grid Efficiency: SVGs excel at stabilizing power grid voltage, reducing system losses, increasing transmission capacity, and enhancing the transient voltage limit of the grid.
2. Rapid Response: They offer faster response times compared to traditional solutions, ensuring timely compensation for reactive power fluctuations.
3. Harmonic Suppression: SVGs have robust harmonic suppression capabilities, improving overall power quality.
4. Wide Operating Voltage Range: This feature contributes to grid stability by accommodating a broad spectrum of voltage conditions.
5. Low Power Losses: SVGs are designed to operate efficiently, minimizing power losses during operation.
6. Power Quality Improvement: SVG offer harmonics & flicker suppression features that significantly enhance power quality.
7. Voltage Support during Transients: SVGs provide critical voltage support during grid transient conditions like Low Voltage Ride Through (LVRT) and High Voltage Ride Through (HVRT), aiding in grid stability.
8. Dedicated Reactive Power Resource: By reducing the reactive load on inverters and wind turbine generators (WTGs), SVGs help extend the lifespan of these equipment.
9. Adaptability to Harsh Environments: As an SVG manufacturer, TBEA offers water-cooled solutions capable of operating at rated power in ambient temperatures up to 55°C.
10. Flicker Suppression: They also provide options for flicker suppression, enhancing power quality further.
Q. What are the hits and misses associated with integrating SVG technology into the existing power infrastructure in these regions?
In fact, there are no significant challenges hindering the installation of SVGs in existing plants. TBEA leverages its extensive expertise in SVG technology, with over 50 GVAr installations worldwide. Our experience enables us to overcome challenges related to grid stability. We actively educate solar and wind developers, as well as grid authorities, about the benefits of implementing SVGs in renewable energy plants. Our product designs are tailored to meet or exceed grid code requirements. TBEA’s proactive approach, based on rich global experience, assists solar project developers in completing projects on time while maintaining high-quality standards. We offer training facilities for site teams and have a welldiversified service network. Additionally, we provide a complete range of products suitable for the utilityscale market.
Q. What is the focus area of your brand in Solar PV Inverter technology to highlight the unique energy needs of the APAC and MENA regions?
We are concentrating on several key areas:
1. Higher Capacity Inverters: Developing the largest capacity string and central inverters to reduce overall Balance of System (BOS) costs.
2. Modular and Reliable Products: Focusing on modular, redundant designs for enhanced reliability.
3. Compatibility with High-Capacity PV Modules: Upgrading fuse and switchgear sizes to match larger block sizes in high-capacity PV modules.
4. Universal Product Development: Ensuring compliance with the latest global grid code requirements, including LVRT, HVRT, FRT, and ZVRT for transient conditions.
5. Testing in Low SCR Ratios: Ensuring inverter compatibility with weak grid conditions by testing in low Short Circuit Ratio (SCR) scenarios.
6. Enhanced Thermal Handling: Our inverters have a maximum temperature limit of 62°C, which is higher than the industry standard, indicating better thermal stability.
7. Level IV Certification: Achieving Level IV certification for string inverters, placing us among the few to have passed this rigorous standard.
8. Use of Tier 1 Components: Utilizing top-quality components like Infineon IGBTs in the main conversion circuits of our inverters.
9. Optimized Auxiliary Consumption: Reducing losses through optimized auxiliary power consumption.
10. Plug-and-Play Solutions: Providing easy installation with reduced construction costs and a smaller footprint.
11. Superior Fault Current Rating: Our ACBs have better Ics and Icu ratings than other central inverters on the market, enhancing safety and protection.
12. Robust Component Sizing: Ensuring stable and reliable operation by allowing higher current and voltage margins in IGBTs, reducing stress and extending lifespan.
13. Support for Higher DC/AC Ratios: Accommodating higher DC to AC ratios for improved efficiency.
Q. According to you, what are the major factors that play a huge role in adopting of SVG Technology in the Renewable Energy sector, and how is TBEA evolving to meet the growing demand in the market?
Several factors are driving SVG adoption:
1. Dynamic Compensation Ability: TBEA’s SVGs can deliver up to 110% of their rated reactive power capacity.
2. Redundant Design: Ensuring uninterrupted operation and reliability.
3. Real-Time Monitoring: Individual IGBT temperature monitoring facilitates effective operation and maintenance.
4. Reduced Electromagnetic Interference: Optical coupling isolated driving techniques minimize network interference.
5. Environmental Adaptability: IP55 design enhances adaptability to various environmental conditions.
6. Temperature Control: Closed-loop temperature control ensures optimal system performance and reduces auxiliary consumption.
7. Frequency Modulation Technique: Controls harmonic output, reduces IGBT switching frequency, and lowers power losses.
8. Faster Response Time: Less than 5 milliseconds, providing immediate reactive power compensation.
9. Compliance with Market Requirements: Products are tested and compliant with new market guidelines and requirements. TBEA is positioning itself by continuously innovating and updating our products to meet these demands. Our global experience and comprehensive product range enable us to support the renewable energy sector effectively.
Q. What kind of future outlook do you see for SVG and Solar PV Inverter and how is TBEA going to march ahead in the game of the innovations?
We anticipate several key developments:
1. Continuous Product Development: Advancing product features and technologies in line with market and grid agency requirements.
2. Utility-Scale Solutions: Offering a complete range of products suitable for utility-scale markets.
3. Regulatory Compliance: Maintaining ongoing interactions with grid agencies and government operators to meet grid requirements and update product certifications.
4. Long-Term Reliability: Designing redundant and reliable products with a 25-year lifespan.
5. Adoption of Latest Technologies: Integrating the most recent technological advancements available in the market.
6. High-Capacity Products: Providing the highest capacity SVGs and inverters to help customers reduce BOS costs.
7. Strong Service Network: Developing a robust service network across regions and ensuring spare parts availability for 25 years.
8. Advanced Grid Studies Support: Supplying PSSE/ PSCAD models for grid studies, along with benchmarking reports and timely updates as needed.
9. Advanced Testing Platforms: Utilizing cuttingedge testing facilities to produce high-quality products and ensure customer trust.
By focusing on these areas, TBEA is well-prepared to remain at the forefront of technological advancements in SVG and solar PV inverter technologies, meeting the evolving needs of the market.
Q.Can you provide an overview of your company’s journey in the solar energy industry and highlight some of the key milestones you’ve achieved so far?
SUNORA SOLAR, is among the leading manufacturers of High-Performance and Premium quality Solar Panels. With more than 8 years of impeccable solar segment records & a current manufacturing capacity of 800MW (with plans of expansion up to 2 GW by 2024-25 end. SUNORA SOLAR has made it amongst the Top Solar Companies in India as per ALMM List w.e.f 24/02/2024. A rich history of successful operations in the industry, the company boasts an impressive record of more than 5000 clients, more than 300 completed projects, & a strong network of more than 200 Channel Partners across 70+ Districts. Our Products TOPCon PV Modules,, Mono H /C Faical/ Bifaical PV Modules, DCR Pv Modules SUNORA Solar brand ranging 630Wp will be available in the market. All the products of the company are ALMM-approved and are recognized by national and international standards like , BIS, IEC, etc. SUNORA SOLAR promotes the Make in India mission by participating in the country’s leading schemes like Jal Jeevan Mission, Pradhan Mantri Kusum Yojana, Surya Ghar Yojana, and Solar Park.right now we achieved 22.71% efficiency in Topcon technology.
Q. What are some of the latest innovations or technologies developed by your company, and how do they Enhance the efficiency and effectiveness of solar energy systems?
India’s Prominence in Solar Panel Manufacturing India has been steadily gaining prominence in solar photovoltaic (PV) manufacturing over the past few years. We are currently the world’s second-largest manufacturer of solar panels, right after China. Below are some key points that made this success story happen: Government Initiatives The Indian government has been actively promoting solar energy as part of its renewable energy strategy. Our Prime Minister Narendra Modi has a long & strong vision to make India carbon neutral and to achieve that, GOI is coming up with great initiatives such as PM Surya Ghar Muft Bijli Yojana, Jal Jeevan Mission, PM KUSUM to name a few. Domestic Manufacturing Policy To reduce dependency on imported solar equipment and boost domestic manufacturing, the Indian government has introduced various policies and incentives. ALMM has just been brought back to safeguard Indian module manufacturers from imported dumped solar modules. There are also schemes such as the Production-Linked Incentive (PLI) scheme for solar manufacturing, which aims to encourage domestic production of solar cells, modules, and ingots. Capacity Expansion Indian companies are ramping up their solar manufacturing capacities to meet the increasing demand for solar PV products. This includes the production of solar cells, modules, inverters, and other components. Several large-scale manufacturing facilities are being established across the country. Investment & Partnerships India has seen significant investments and collaborations in the solar manufacturing sector. Both domestic and international companies are investing in setting up manufacturing facilities in India, attracted by the growing demand for solar energy and supportive government policies. Technology Development Indian companies are also focusing on technology development and innovation in solar PV manufacturing. Research and development efforts are underway to improve the efficiency, durability, and cost-effectiveness of solar cells and modules. Export Opportunities With the expansion of its manufacturing base and improvements in quality, Indian solar PV manufacturers are exploring export opportunities. India has the potential to become a significant exporter of solar equipment to international markets. Overall, India’s rising prominence in solar photovoltaic manufacturing is driven by supportive government policies, investments, capacity expansion, technology development, and export opportunities. As SUNORA SOLAR continues to prioritize renewable energy and expand its manufacturing capabilities with new technologies,
Q. How does your company address the challenges of energy storage and grid integration within its solar Solutions?
Here are some challenges of integrating solar energy into the grid and using energy storage systems, and some potential solutions:Intermittent power. Solar power is dependent on weather conditions and fluctuates throughout the day. This makes it difficult for grid operators to balance electricity generation with demand. Grid reliability without energy storage, grid operators may need to take some generation offline to avoid over-generation and grid reliability issues. Energy storage systems can provide backup power during blackouts or grid failures. Battery degradation using batteries as storage devices for grid purposes reduces their lifetime. Cost, scalability, and technological limitationsThese remain barriers to widespread adoption of solar energy storage
Q. What current trends in the solar energy industry do you believe will significantly impact its future, and how is your company adapting to these trends?
India stands not as a mere spectator but as a prominent player in the global solar revolution. India currently stands 4th globally in solar power capacity. In the last five years, the country’s solar installed capacity has experienced a monumental transformation, increasing from 21,651 MW to 70,096 MW in 2023. With ambitious targets and policies like the Production Linked Incentive (PLI), India is propelling itself to achieve 500 GW of renewable energy capacity by 2030. The commitment is not just towards sustainable energy but towards securing a greener tomorrow for the entire planet. Government of India’s commitment to solar power is not just in words but in comprehensive policies and initiatives. The Production Linked Incentive Scheme (PLI) for the National Programme on High-Efficiency Solar PV Modules for achieving manufacturing capacity of Giga Watt (GW) scale in High-Efficiency Solar PV modules with an outlay of INR 24,000 Cr has been introduced to boost domestic manufacturing and solidify India’s position as a solar powerhouse. An integrated capacity of 8737 MW has been added under the PLI (Tranche-I), while 39,600 MW of domestic Solar PV module manufacturing capacity has been allocated to 11 companies under Tranche-II, bringing in an investment of INR 93041 Cr and generating over 1 Lakh direct and indirect jobs. SUNORA SOLAR- becoming the 1 Giga watt (GW) to 2 Gigwatt company in the field of renewable energy by providing solar energy Solutions, industrial & residential customers with latest Solar plant with the latest Technology & in Module Top-Con N type- Complete Made in India.
Q.Which markets or regions is your company currently focusing on, and are there any plans to expand into new regions?
Our Mission SUNORA SOLAR is to empower communities with sustainable energy solution ensuring a brighter, cleaner future.We are dedicated to delivering unappalled service at products that stands the test reflecting our care value of integrity, innovation and excellence SUNORA SOLAR are very aggressive in Gujarat where we started from scratch (2016 to 2024) & at Gujarat we hold the market approx. share of 30 % if the total market which includes Channel business & Project business. Further we are expanding our business aggressively in North India states & South India / East India.
Q.How do you envision the future of solar energy, and what role do you see your company playing in that future?
SUNORA SOLAR journey towards a sustainable future begins with the choices that we make today. Embracing solar energy not only benefits our pockets but also our “MOTHER EARTH”. It’s a testament to human innovation and a commitment to reducing our carbon footprint and eliminating the consumption of fossil fuels. As solar technology continues to evolve, we find ourselves on the cusp of a brighter and more sustainable energy landscape. So, why wait? Take that step towards sustainability and be a part of the solar revolution that’s shaping our future for the better.
SUNORA SOLAR has been delighted to be an integral part of renewable energy for quite a long time. We are a major producer of solar panel components in India. Our goal is to make the earth a sustainable space where everyone can breathe clean air by providing the materials needed to transform the sun’s rays into solar energy by providing the present and future generations with a pollution-free environment
Q. What are the best ways to analyze the growth trajectory of India’s solar energy industry?
The growth of the solar energy sector in India can be assessed through a combination of installed capacity, government policies, and technological advancements. As of 2024, India boasts an installed capacity of approximately 70 GW, with an ambitious target to reach 280 GW by 2030. Projects like the 30 GW Hybrid Renewable Energy Park at Khavda in Gujarat are excellent examples of the rapid expansion and capacity building currently underway. Furthermore, government initiatives such as the PM Surya ghar Yojana and PM-KUSUM play a crucial role in decentralizing solar energy and facilitating rural access to solar power. International partnerships, like the IndiaUS Climate and Clean Energy Agenda 2030, also contribute significantly to this growth. Investment trends show a rising interest in solar, particularly with innovative funding mechanisms like green bonds. To truly understand the growth curve, it’s essential to analyze these aspects together, considering both short-term gains and long-term sustainability goals.
Q.What approaches are being implemented to meet the emerging needs of the renewable energy market?
To meet the growing renewable energy demand, a multi-faceted approach is essential. Key strategies include robust policy and regulatory initiatives such as the Renewable Purchase Obligation (RPO) and Viability Gap Funding (VGF), which provide a strong framework for sustained growth. Additionally, hybrid renewable energy projects are vital, with the 30 GW Hybrid Renewable Energy Park at Khavda serving as a prime example of integrating solar, wind, and battery storage systems to ensure a stable energy supply. Decentralization is also a critical focus, as the PM Surya ghar Yojana aims for rooftop solar installations, targeting 40 GW of rooftop capacity by 2025. This approach not only meets residential and industrial energy needs dynamically but also positions India as a leader in renewable energy.
Q.How can we tackle cost concerns while helping customers realize the long-term advantages of solar energy?
Addressing cost concerns while demonstrating the long-term benefits of solar power requires innovative financing solutions and consumer education. Innovative financing models such as green loans and pay-as-you-go (PAYG) systems make solar energy more accessible to a broader audience. Programs like the PM Surya ghar Yojana offer subsidies that significantly reduce upfront costs for rural and residential users, making the transition to solar more feasible. Additionally, it is essential to educate customers on the long-term savings that solar energy can provide. Although the initial investment may seem high, solar energy often has a lower levelised cost of energy (LCOE) compared to fossil fuels, leading to significant savings over time. By focusing on educating customers about these long-term financial and environmental benefits while ensuring access to affordable financing options, we can address cost concerns effectively.
Q.What makes solar parks crucial for creating a smarter and more sustainable India?
Solar parks are crucial for creating a sustainable energy future for several reasons. First, they offer land efficiency, as demonstrated by the Khavda Hybrid Renewable Energy Park, which maximizes energy production in regions with high solar irradiance. By optimizing land use, these parks can generate substantial energy from smaller areas. Second, centralized energy production through solar parks ensures grid stability, particularly when combined with battery energy storage systems (BESS), which help manage the intermittency of solar energy. Furthermore, solar parks are significant economic drivers, creating jobs across installation, maintenance, and manufacturing sectors, contributing to regional economic growth. These parks also attract foreign investment, particularly through public-private partnerships and international collaborations, which is essential for meeting our renewable energy targets.
Q.What challenges does the solar energy sector face, and how can they be addressed?
The solar energy sector faces several challenges, but innovative solutions can address these issues. One significant challenge is land acquisition, particularly in densely populated areas. To overcome this, solutions like floating solar technology or utilizing barren lands for solar parks, such as Khavda, can be practical alternatives. Another challenge is grid integration, as solar power is inherently intermittent. Modernizing the grid and investing in energy storage solutions are critical steps to ensure steady energy availability. Additionally, maintenance can be a hurdle, especially in harsh environments. Innovations like robotic cleaning systems are emerging to reduce maintenance costs and improve panel efficiency. Through a combination of technology, policy support, and international partnerships, we can successfully navigate these challenges and enhance the role of solar energy in India.
Q.What growth strategies are planned to advance the solar industry further?
India is implementing several strategies to further advance the solar sector. A key component of this is boosting domestic manufacturing through initiatives like the Production-Linked Incentive (PLI) scheme, which encourages local production of highefficiency solar modules, thereby reducing import dependency and fostering innovation. Additionally, hybrid projects, exemplified by the 30 GW Khavda Hybrid Park, are pivotal in ensuring a steady energy supply while optimizing resource use. Furthermore, international collaboration plays a significant role, as partnerships with countries like the United States, Germany, and Japan help bring advanced technologies and attract foreign direct investment to the renewable energy sector. Together, these strategies will enable India to meet its ambitious renewable energy goals while promoting innovation and economic growth.
Q.Which markets are experiencing the greatest demand for solar energy solutions?
The demand for solar energy solutions is particularly strong in several markets. The commercial and industrial sectors lead the way, driven by their need for sustainable, cost-effective energy solutions that align with environmental, social, and governance (ESG) goals. Additionally, the agriculture and residential sectors are witnessing rapid growth in decentralized solar energy solutions, especially under programs like the PM Surya ghar Muft Bijli Yojana and PM-KUSUM, which promote rooftop installations and solar pumps. Furthermore, largescale public sector projects, such as the Khavda Hybrid Park, indicate significant government interest in renewable energy adoption across various states. These trends suggest a robust market demand for solar energy solutions in India.
Q.Are you participating in REI Expo 2024? What are your thoughts on the platforms and product innovations being introduced?
Yes, we are excited to participate in REI Expo 2024. This event provides an exceptional opportunity to showcase the latest innovations in solar technology, including high-efficiency solar modules, floating solar systems, and advanced battery storage solutions. At the Expo, we plan to focus on integrating BESS with solar installations, which is essential for stabilizing grid supply and enhancing energy reliability. Moreover, the Expo fosters meaningful dialogues among industry leaders, policymakers, and international partners, allowing us to collaborate and shape India’s renewable energy future. This platform is invaluable for driving innovation and expanding our network within the industry
Q.Can you share how INVT Solar has evolved since its inception, and what major milestones have defined its growth trajectory?
INVT (Shenzhen INVT Electric Co., Ltd) was founded in 2002. It is a product and service provider in the world’s leading and respected industrial automation and energy power field. In 2010, the A-share were listed on the Shenzhen Stock Exchange (Stock Code: 002334). INVT has been concentrating on industry automation and energy power and is committed to “Providing the best product and service to allow customers more competitiveness”. In indian market started solar business from Mid of 2015 & till date system running successfully in Indian market. Even though as per standard 5-Year’s warranty terms we have completed one cycles & ready to finish 2nd cycle for warranty in next years (2025). INVT’s group of company in multiple segment likewise, Automation, UPS,Solar, EV chargers, Motor drive controller etc..
Q.How do the core values of INVT Solar drive your innovation and product development, particularly in the field of renewable energy?
The Indian solar energy sector has been growing rapidly in the past few years, primarily due to Government’s intervention. Indian Government is adopting productive steps towards implementing large-scale solar power projects and is determined to position itself as one of the world’s leading solar producer. Through various initiatives such as incentive schemes, tax exemptions and subsidies, the government is trying to create demand and boost investments in the sector. The Government’s focus on achieving ‘Power for all’ has fast-tracked capacity addition in the country.
Solar power systems are currently available in various forms such as off-grid solar power system, grid inter-tied solar power system with battery backup, and grid inter-tied solar power system without battery backup. According to their requirements, the consumers can easily choose from these varieties and install the system in their houses or office buildings.
On a geographical front, Telangana represents the leading market for solar power inverters, followed by Tamil Nadu, Kerala, Rajasthan,Maharshtra Andhra Pradesh, Gujarat and Karnataka.
According to a new study, the market for Solar Hybrid Inverter is witnessing a noticeable surge across the world. It also takes the driving forces, challenges, prominent trends, opportunities, and various other factors that influence the growth of this market in consideration to discover the market’s scope in the years to come.
INVT SOLAR is currently focused on increasing its core technology R & D investment in Grid connected inverters, Energy storage inverters and it’s charging pile. With this in mind, they aim to improve the competitive advantages of their core product range and provide further valuable service to their customer base. INVT SOLAR HYBIRD inverter can work in auto or Time Of Use (TOU) mode, charge / discharge the battery when needed. In auto mode, the HYBRID Inverter will charge surplus PV energy into the battery & discharge battery to supply power to local load when PV energy is not enough.
In case of blackout, Hybrid inverter can work in Emergency Power Supply (EPS) mode. Hybrid inverter will utilize power from PV panels & energy stored in the battery to supply power to critical load. With many new functions, INVT SOLAR battery inverter were widely used in 60+ countries (e.g. Australia, the UK, Germany, Italy, Belgium, Spain, Netherland, France, China etc.), which enable residents’ supply to be secured even in the event of grid failure and decrease the electricity bill. While you have this storage power station and Hybrid inverter, you may have non-stop energy 24hours.
ZED ( Zero Export Device) : In some part of India it takes several months to get NET METERING done for their On-Grid Solar Power Plant. It will leads to a huge loss of power production due to delay in net metering. With Zero Export device you can run your PV plant without net metering.
with the adjustable set point of the controller. When the consumption from GRID is above this set point, the solar energy will be increased, when the consumption is below this set point, the solar energy will be reduced. INVT SOLAR introduces ARPC is abbreviation of the Anti-Reverse Power Controller as follows.
• Current sensor, CT is abbreviation of the current sensor as follows. Appropriate CT’s with rated with 1% accuracy or less AWG 12~18
• Voltage sampling cable cable section: AWG 12~18
• CT sampling cable?we recommend using network cable to extend the wires of CT.
• Loading limit cable we recommend using network cable .
Q.Could you provide a brief overview of PV Blink and the mission that drives your company?
PVblink Technology Pvt. Ltd. is a prominent manufacturer of solar inverters, with a mission to enhance renewable energy access across India. Founded by experts in renewable energy, PVblink is dedicated to revolutionizing the energy landscape by providing cutting-edge solar inverters for residential, commercial, and industrial applications. Our focus is on delivering Make in India innovative solar technology that empowers both individuals and businesses to effectively harness the power of the sun. Through continuous research and development, we expand our product range to ensure high performance and exceed customer expectations. By making solar energy more accessible and affordable, PVblink aims to accelerate the adoption of renewable technologies and contribute significantly to environmental sustainability.
Q. PV Blink is recognized for its innovations in solar inverter technology and advanced manufacturing methods. What distinguishes your technology from others in the industry, and what are its most unique features?
PVblink Technology Pvt. Ltd. excels in the solar inverter industry through its innovative approach and advanced manufacturing techniques. Our key features include cutting-edge innovation, with inverters incorporating the latest technology for exceptional efficiency and reliability, supported by significant R&D investment. We focus on high performance, ensuring optimal energy conversion and higher yields. Our adherence to ISO 9001:2015 standards in manufacturing guarantees durability and consistency. Smart monitoring and control systems allow for remote performance tracking and optimization, while our robust and reliable designs withstand harsh conditions. We ensure high performance with input capacities up to 18A/string and a low voltage startup of 40V for immediate, efficient power generation. User-friendly interfaces and easy installation make our technology accessible, and we continuously refine our products based on customer feedback to meet evolving needs. These attributes position PVblink as a leader in delivering efficient, reliable, and sustainable solar solutions.
Q.What current trends in the renewable energy sector are having the most significant impact on your business?
Current trends significantly impacting PVblink include the rapid increase in solar adoption, driving demand for efficient inverters; advancements in technology that enhance product performance and integration; and supportive government policies that boost market growth. The proliferation of smart technology and decreasing costs of solar technology also expand market opportunities and accessibility. These trends collectively influence our strategic direction and growth in the renewable energy sector.
Q.What is PV Blink’s immediate and future objectives to maintain a competitive edge in the industry?
PVblink, as a “Make in India” solar inverter manufacturing company, has set clear objectives to remain competitive in the growing solar market. These objectives align with the company’s focus on innovation, quality, and sustainability. Below are their immediate and long-term goals:
Immediate Objectives: PVblink aims to drive growth by continuously advancing solar inverter technology to enhance efficiency, expanding market presence through strategic partnerships and targeted marketing, improving customer support with superior service and prompt feedback resolution, and optimizing manufacturing processes for higher reliability and lower costs. Expand Domestic Market Reach Strengthen Partnerships with Distributors. Deliver High-Quality, Reliable Products Cost Optimization for Competitive Pricing Compliance with Government Policies and Incentives
Future Objectives:
Looking ahead, PVblink will invest in cutting-edge R&D to develop new technologies and solutions, expand its product portfolio to address evolving market needs, commit to green manufacturing practices, explore international markets for global growth. These objectives are designed to maintain PVblink’s leadership in the solar energy sector, fostering innovation and sustainability Investment in R&D and Technological Advancements. Expansion into Global Markets. Sustainability and Green Manufacturing Practices. Building a Comprehensive Service Network.
Q.Could you highlight the key products and services that PV Blink offers to its clients?
PVblink offers a comprehensive range of solar solutions to transform your energy future. Their lineup includes: On-Grid Solar Inverters: Engineered for high efficiency and ease of use, PVblink’s on-grid inverters feature high input capacities, instant activation with low voltage start up, and robust reliability. They are designed for seamless integration, advanced communication options (Wi-Fi, GPRS, Rs485), and versatile compatibility with various energy needs. Options include single-phase inverters (1-4 KW, 4.6- 6 KW) for residential use, and three-phase inverters (5-20 KW, 25-30 KW) for larger setups. Off-Grid Inverters: Ideal for locations without traditional grid access, PVblink’s off-grid inverters provide energy independence and are compatible with battery storage. They are built for durability in challenging environments and easy installation. Models like Shine 24, to 20KVA and customized offer efficient solar power utilization and robust performance for residential, remote, and rural electrification applications. Each inverter is designed with advanced technology to deliver optimal performance, reliability, and efficiency, ensuring tailored solutions for a range of energy needs.
Q.How does PV Blink ensure that its technologies align with and fulfil the needs and expectations of its customers?
PVblink ensures its technologies meet customer needs and expectations through a multi-faceted approach. They prioritize customer - centric design by incorporating feedback into product development, ensuring solutions cater to both residential and commercial applications. Market research keeps them updated on industry trends and customer preferences, ensuring relevance and competitiveness. Their focus on innovation through cutting-edge R&D enhances the efficiency and reliability of their solar solutions. Quality assurance is upheld with rigorous testing and ISO 9001:2015 certification. Comprehensive support services offer pre-sales consultation, installation help, and ongoing maintenance. Flexible solutions are designed to adapt to diverse needs, while feedback integration continually refines products and services. This holistic approach ensures PVblink’s technologies not only meet but exceed customer expectations.
Q. Are there any plans for PV Blink to explore new markets or expand into different regions in the near future?
Yes, PVblink plans to explore new markets and expand into different regions. The company is targeting international markets to leverage growing demand for renewable energy solutions, while also focusing on regional diversification within India to strengthen its local presence. PVblink is pursuing strategic partnerships and conducting market research to tailor their products and services for new regions, aiming to scale operations and enhance their global footprint.
Q.How does PV Blink view the impact of this year’s REI Exhibition on the growth of the renewable energy sector?
PVblink views this year’s REI Exhibition as a significant catalyst for the growth of the renewable energy sector. The event provides a platform for showcasing innovative technologies, fostering industry collaborations, and addressing emerging trends. PVblink sees it as an opportunity to engage with key stakeholders, gain insights into market developments, and enhance their strategic partnerships, all of which contribute to accelerating the adoption of renewable energy solutions and driving sector growth.
PVblink believes that this year’s Renewable Energy India (REI) Exhibition will have a profound impact on accelerating the growth of the renewable energy sector like :
1. Showcasing Innovation and Technology
2. Expanding Market Reach
3. Encouraging Collaboration and Partnerships
4. Promoting Sustainability and Awareness
5. Strengthening Domestic Manufacturing
6. Driving Long-Term Growth in the Sector
Q.What key milestones has PIXON Energy achieved since its inception, and how does the company differentiate itself from other solar panel manufacturers in India and globally?
PIXON was founded with a clear vision to contribute to global sustainability and environmental preservation. As the world increasingly embraced the solar revolution to combat climate change, we identified the need for efficient and high-quality solar modules. With extensive experience in the renewable energy industry, we recognized that this shift to solar was crucial for the future of our planet. Since our inception, we’ve achieved several significant milestones. One of the most notable is the establishment of our cutting-edge 1 GW manufacturing line, which enables us to produce solar modules that are not only efficient but also durable and adaptable to diverse climatic conditions. This advanced technology, combined with our commitment to quality, sets us apart in both the Indian and global markets.
At PIXON, we differentiate ourselves by prioritizing innovation, customization, and sustainability in our products. Our focus on innovation is complemented by a strong digital communication strategy, allowing us to engage effectively with our customers and stakeholders through social media, industry platforms, and targeted campaigns. This ensures that we not only showcase our technical capabilities but also emphasize our unique brand values and commitment to driving the global solar transition. I am proud to say that our commitment to delivering excellence, through both our state-ofthe-art manufacturing processes and our focus on sustainable, high-quality solutions, is what truly sets us apart in the solar PV module industry.
Q.Can you elaborate on the stateof-the-art European technologies used in your manufacturing process, and how they enhance the quality and performance of your products?
At PIXON, we are committed to leveraging cuttingedge European technologies to deliver high-quality solar solutions. A key highlight of our technological advancement is the introduction of Multibusbar Modules, produced in our state-of-the-art 1 GW manufacturing line. This innovation underscores PIXON’s dedication to leading the way in solar industry breakthroughs, offering our clients solar modules that ensure premium performance and optimal energy output. We also take pride in our monofacial M6, M10, and M12 bifacial series PV modules, which exemplify our engineering expertise. With output capacities ranging from 420 Wp to 600 Wp and an impressive efficiency rate of 21.29%, these modules are designed to meet the diverse needs of our clients. To ensure versatility and superior performance, we offer three variants within this series: Glass to Glass, Glass to Backsheet, and Glass to Transparent Backsheet. Each variant is engineered to withstand various environmental conditions and deliver maximum efficiency and longevity. The Glass to Glass model offers exceptional durability, making it ideal for harsh environments. The Glass to Backsheet variant combines efficiency with extended service life, and the Glass to Transparent Backsheet balances aesthetic appeal with functional performance, making it perfect for installations where both appearance and performance are crucial. Our use of advanced European technologies allows us to maintain the highest standards of quality, ensuring that PIXON’s products continue to deliver exceptional performance in all conditions.
Q.How do you ensure high standards of quality and efficiency in production at your cutting edge facility with a capacity of 1 GW?
At PIXON, we are deeply committed to maintaining the highest standards of quality and efficiency throughout our production processes. Our 1 GW state-of-the-art facility is equipped with advanced European technologies that enable us to deliver top-tier solar modules with consistent precision and reliability. To ensure these high standards, we have implemented stringent quality control measures at every stage of production. This includes comprehensive inspections, automated testing, and continuous monitoring of critical parameters, such as module efficiency, durability, and performance under various climatic conditions. Additionally,we source only the finest raw materials, ensuring that each component meets international quality benchmarks. Furthermore, our facility operates with a strong focus on innovation, leveraging our skilled engineering team and cutting-edge machinery to consistently optimize manufacturing processes. We also adhere to globally recognized certifications and testing protocols, which ensure that every module produced meets or exceeds industry standards for efficiency and reliability. Ultimately, our emphasis on advanced technology, thorough quality assurance, and a commitment to continuous improvement enables us to deliver high-performing, durable solar modules that stand out in the market.
Q.What factors contribute to the high-performance metrics of your solar panels, offering up to 600 Wp of power output and an efficiency rate of up to 21.20%?
The high-performance metrics of our solar panels are driven by several key factors. First, we use advanced Multibusbar technology, which enhances the energy capture and overall efficiency of our modules. Second, our monofacial and bifacial series are designed with top-tier materials, ensuring durability and performance across various climatic conditions. Additionally, our precision-engineered manufacturing processes and stringent quality controls ensure consistent power output, while our focus on innovation allows us to continuously optimize for higher efficiency. These factors together enable our panels to achieve up to 600 Wp of power output and an efficiency rate of up to 21.20%.
Q.How does Pixon Energy view the evolving regulatory landscape for green energy solutions?
At PIXON, we see the evolving regulatory landscape for green energy as a positive and necessary development to accelerate the global shift towards sustainable energy solutions. These regulations not only create opportunities for innovation and growth but also ensure higher standards of efficiency, safety, and environmental responsibility. We actively align our operations with these evolving policies, which motivates us to continue driving technological advancements and deliver high-quality, compliant solar energy solutions that support a greener future
Q. Please tell us why one should choose SMA India in this competitive landscape of renewables, what gives an edge to your brand!
Choosing SMA India in the competitive landscape of renewables means partnering with a brand that combines global expertise with deep local understanding. Here’s why SMA India stands out:
Proven Track Record: SMA has over 40 years of global experience in solar technology, and SMA India leverages this vast knowledge to deliver reliable and innovative solutions tailored to the Indian market.
Advanced Technology: SMA is known for its cuttingedge technology, including high-efficiency inverters, intelligent energy management systems, and robust energy storage solutions. These innovations ensure optimal performance, longevity, and return on investment for customers.
Local Expertise and Support: SMA India offers unparalleled local support, with a dedicated team of experts who understand the unique challenges and opportunities of the Indian renewable energy market. This ensures faster response times and solutions that are perfectly suited to local conditions.
Sustainability Commitment: SMA is deeply committed to sustainability, both in its operations and in the solutions it provides. Choosing SMA means contributing to a cleaner, greener future, aligning with global and national goals for reducing carbon emissions.
Comprehensive Service Portfolio: Beyond providing world-class products, SMA India offers a comprehensive range of services, including system design, technical support, and after-sales service. This end-to-end approach ensures that customers receive the best possible experience and outcomes.
Strong Partnerships: SMA India has established strong relationships with key stakeholders, including government bodies, IPPs, and EPC contractors. These partnerships enhance the company’s ability to deliver large-scale projects efficiently and effectively. In essence, SMA India offers a unique blend of global innovation, local expertise, and unwavering commitment to sustainability, making it the preferred choice for anyone looking to invest in the future of renewable energy.
Q. What is the current manufacturing capacity of and how is it going to expand in the upcoming five years?
As of 2023, SMA Solar Technology AG has an annual manufacturing capacity of 21 GW at its production site in Niestetal, Germany. To support the growing global demand for renewable energy solutions, SMA is actively expanding its manufacturing capacity. In the next five years, SMA plans to significantly enhance its production capabilities. The most notable expansion is the construction of the new GIGAWATT FACTORY, which is expected to double the company’s production capacity to 40 GW. This factory, which began construction in April 2023, is set to become operational by 2025 and will serve as a key hub for producing innovative system solutions for large-scale PV power plants. These expansions reflect SMA’s commitment to scaling up its operations to meet the increasing demand for renewable energy solutions and to support the global energy transition.
Q. Please take us through the unique specifications and innovative services of your brand like - The New Sunny Tripower CORE2, Sunny High Power PEAK3, & SMA SafeSolar!
Here’s an overview of the unique specifications and innovative services of some of SMA’s flagship products:
1.Sunny Tripower CORE2 The Sunny Tripower CORE2 is a powerful, flexible, and easy-to-install string inverter designed for large commercial and industrial PV systems.
Unique Specifications:
High Efficiency: The CORE2 delivers up to 110 kW of output power with maximum efficiency, making it one of the most powerful inverters in its class.
24 Strings for Maximum Flexibility: It features24 string inputs, allowing for a high degree of flexibility in system design and ensuring optimal energy yields even in challenging conditions.
Integrated System Solutions: The CORE2 is equipped with an integrated System Manager and supports advanced grid management services. It’s also compatible with SMA’s ennexOS, a crosssector energy management platform.
Enhanced Safety: The inverter includes comprehensive safety features such as Arc Fault Circuit Interrupters (AFCI) ensuring high safety standards.
Innovative Services: SMA ShadeFix: This intelligent inverter software optimizes power output in partially shaded systems without the need for additional hardware.
SMA Smart Connected: A proactive monitoring service that automatically detects and diagnoses faults, minimizing downtime and ensuring maximum system availability.
2.Sunny Highpower PEAK The Sunny Highpower PEAK3 is a high-performance inverter designed for large-scale PV power plants, offering maximum energy yields and flexibility in system design.
Unique Specifications: Scalable Design: The PEAK3 inverter is highly scalable, with a modular design that allows for easy expansion of PV power plants.
High Power Density: It delivers up to 150 kW of power in a compact design, making it ideal for largescale projects where space efficiency is crucial.
Integrated DC Combiner: The PEAK3 comes with an integrated DC combiner, reducing the need for external combiner boxes and simplifying system design and installation.
Grid Support Capabilities: It offers advanced grid support functions such as reactive power control, voltage support, and grid-forming capabilities, ensuring reliable operation in diverse grid environments.
Innovative Services:
SMA Power Plant Manager: This service provides centralized monitoring, control, and data analysis for large-scale PV plants, optimizing performance and ensuring compliance with grid requirements.
SMA Repowering Solutions: The PEAK3 is part of SMA’s comprehensive repowering solutions, enabling the modernization of existing PV systems to increase efficiency and extend their lifespan.
These SMA Energy Solutions and services demonstrate SMA’s commitment to innovation, safety, and efficiency, ensuring that customers receive the highest quality and most reliable solutions in the renewable energy industry.
Q. Can you please shed some light on some of the major milestones of SMA India in the last 5 years?
Expansion of Local Operations and Support Establishment of a Dedicated Service Center:
SMA India expanded its local operations by establishing a dedicated service center to provide faster and more efficient support to its customers. This move enhanced the company’s ability to offer comprehensive after-sales service and technical support, solidifying its presence in the Indian market.
Strengthening of Human Resources and Talent Development Establishment of the Global Competence Center:
In 2023, SMA established the Global Competence Center in Bangalore, focusing on engineering services, particularly in grid stability solutions. This center has become a hub for global expertise and knowledge sharing, supporting the development of innovative solutions for renewable energy challenges.
Enhanced Training Programs: SMA India launched several training and development programs aimed at upskilling its workforce and partners, ensuring that they are equipped with the latest knowledge and expertise in solar technology and energy management from the SMA Solar Academy based out in Thane.
Sustainability Initiatives: Commitment to Sustainability: Over the past five years, SMA India has deepened its commitment to sustainability, both in its operations and through its products. The company has actively contributed to reducing carbon emissions and promoting clean energy solutions, aligning with India’s renewable energy goals.
Deployment of the Commercial and LargeScale Solution: SMA India successfully launched the Sunny Tripower CORE2 inverters, catering to the commercial and industrial segments. These solutions have been widely adopted across various sectors, contributing to the rapid growth of solar energy adoption in India.
Q. How India’s Renewable Energy sector can unlock the era to net zero emissions?
India’s renewable energy sector can unlock the era of net zero emissions by rapidly scaling up solar power, investing in energy storage, modernizing the grid, and enhancing energy efficiency. Supportive policies, financial incentives, and green financing will attract investments, while promoting clean energy technologies will decarbonize key sectors. Public awareness, skill development, and international collaboration are also crucial in driving the transition to a low-carbon economy and achieving net zero emissions.
Q. What is the core philosophy of SMA group and please tell us more about the ‘’Sharing Knowledge. Creating the future” theme of SMA’s solar portfolio?
The core philosophy of the SMA Group is centered around sustainability, innovation, and customercentricity. SMA is committed to pioneering renewable energy solutions that empower people and businesses to generate, manage, and use energy sustainably. The company believes in driving the global energy transition through cuttingedge technology, reliable products, and a deep commitment to environmental responsibility. SMA’s approach is rooted in creating long-term value for its customers, partners, and the planet, ensuring a cleaner and more sustainable energy future. “Sharing Knowledge. Creating the Future.” Theme The theme “Sharing Knowledge. Creating the Future.” reflects SMA’s commitment to fostering collaboration, innovation, and education within the renewable energy sector. SMA believes that by sharing expertise and knowledge, it can help drive the development of more advanced, efficient, and sustainable solar solutions. This theme emphasizes the importance of collective efforts in overcoming challenges in the energy industry and shaping a future where renewable energy is the primary source of power.
Collaborative Innovation: SMA works closely with its partners, customers, and stakeholders to develop innovative solutions that meet the evolving needs of the energy market. This collaboration ensures that the latest technological advancements are shared and implemented across the industry.
Education and Empowerment: SMA is dedicated to educating its customers and partners about the benefits and best practices of renewable energy. Through training programs, workshops, and knowledge-sharing initiatives, SMA empowers others to contribute to the global energy transition.
Future-Oriented Solutions: The focus on creating the future highlights SMA’s commitment to developing forward-looking technologies that not only meet today’s energy needs but also anticipate and address the challenges of tomorrow. SMA’s solar portfolio is designed to be flexible, scalable, and sustainable, ensuring that it remains relevant and valuable as the energy landscape evolves. In essence, the theme “Sharing Knowledge. Creating the Future.” encapsulates SMA’s vision of leading the way in the renewable energy sector through collaboration, education, and innovation, with the ultimate goal of creating a sustainable energy future for all
Q.Could you briefly explain to us about your company and its mission within the renewable energy industry?
GoodWe is a company that specializes in renewable energy solutions, particularly in the field of solar energy. Our products are essential for converting the DC power generated by solar panels into AC power that can be used by homes and businesses, as well as for storing excess energy for later use. Our mission is to provide highquality, reliable, and innovative solar inverters and energy storage systems. We aim to promote sustainability and accelerate the global transition to renewable energy. We focus on enhancing the efficiency and reliability of solar power systems, to make solar energy more accessible and practical for a wide range of users. By doing so, GoodWe contributes to reducing reliance on fossil fuels and lowering carbon emissions, aligning with broader environmental goals.
Q. In the past few years, what significant accomplishments or milestones has GoodWe company achieved?
In recent years, GoodWe has achieved several significant milestones and accomplishments that reflect its growth and impact in the renewable energy sector:
1. Global Expansion: Over the past few years GoodWe has expanded its presence in international markets, establishing a strong global footprint. We now have 11 subsidiaries and 27 sales and service centres across the globe which has helped broaden our customer base and enhance brand recognition worldwide.
2. Awards and Recognition: We have received multiple industry awards for our product excellence and technological advancements. GoodWe has been ranked as one of the Top 10 inverter suppliers by IHS Markit and has achieved 7 consecutive TUV Rheinland ‘All Quality Matters’ Awards (Sole inverter brand to have won 7 awards).
3. Increased Manufacturing Capacity: The company has significantly expanded its manufacturing capabilities to meet growing demand. We’ve recently added a production facility in Vietnam. Our annual Inverter production capacity is 35 GW along with 2.1 GWH of Battery production capacity.
4. Strong Financial Performance: GoodWe has shown exponential financial growth. We have increased our global sales revenue by approximately 5 times in past 4 years. We were recently awarded as “Most Financially Stable Inverter Company” by BloombergNEF.
These accomplishments underscore GoodWe’s role as a leading player in the renewable energy industry and its ongoing commitment to advancing solar technology and sustainability.
Q.Could you provide an overview of the company’s range of solutions and products, including residential solutions, energy storage systems, utility-scale PV solutions, residential and commercial grid-tied inverters, utility products, PV building materials, and any other offerings?
GoodWe offers a comprehensive range of solutions and products designed to address various needs in the renewable energy sector. Here’s a quick overview of our product Portfolio:
1. Residential Solutions
• Residential Solar Inverters: GoodWe provides a range of inverters for residential solar systems, including single-phase and threephase models. Our residential Inverter ranges from 0.7 kW to 30 kW.
• Hybrid Inverters: These inverters combine solar power generation with energy storage capabilities, allowing homeowners to store excess energy in batteries for later use. This enhances self-consumption and energy independence.
2. Energy Storage Systems • Battery Storage Solutions: GoodWe’s energy storage systems include various types of batteries. These systems are designed to store excess solar energy for use when sunlight is not available, improving energy reliability and efficiency.
3. Commercial & Industrial Solutions GoodWe offers wide range of Inverters and energy storage options for Commercial & Industrial applications such as Commercial Spaces, Industries, School and Colleges etc. Our C&I Inverter range starts from 25 kW to 125 kW. We also provide a wide range of C&I energy storage options with hybrid inverters and batteries up-to 156 kWh.
4. Utility Products GoodWe’s utility product line, including string inverters (ranges from 225-350 kW) and Mediumvoltage (MV) Station, which is a compact, plug and play step-up power centre and is capable of withstanding various types of environments. These products showcase advanced and high-performance solutions for large-scale solar installations.
5. PV Building Materials We also offer a versatile and aesthetically pleasing way to incorporate solar energy generation into buildings though our BIPV modules from 110 Wp to 525 Wp. Skylights, Facades, Greenhouse and Apartment balconies are ideal for such installations.
6. Other Offerings
• EV Charging Solutions: As part of their commitment to sustainable energy, GoodWe is also exploring and offering solutions related to electric vehicle (EV) charging, integrating these with solar energy systems for enhanced energy efficiency.
• Microinverter: Microinverter solution offers Module level monitoring and rapid shutdown safety features for residential systems. Overall, GoodWe has a diverse product range which is designed to support various applications from residential to large-scale utility projects.
Q. What are the typical challenges users encounters with your products, and what strategies does your company use to tackle those issues?
Grid instability in India presents several challenges for the operation of solar energy systems and the broader electrical grid. Issues with existing grid infrastructure such as frequent grid outage, Voltage fluctuations, surge and Harmonics in the existing system impacts adversely on Inverter component life. We continuously focus on our R&D efforts improving product design and functionality, addressing common issues at site. GoodWe also provides a range of online resources, including FAQs, instructional videos on our YouTube channel “GoodWe Solar Academy”, and user manuals, to help users better understand the product.
Q. What emerging trends are your company witnessing that could shape the future of the PV inverter market?
Renewable is a dynamic and evolving market which is driven by advancements in technology, changing user needs, and a growing focus on sustainability and efficiency. A few emerging trends in the PV Inverter Market are: • Increased adoption of hybrid Inverter especially in the matured markets such as US and Europe, where maximizing self-consumption and ensuring energy availability round-the-clock are gaining popularity. • Smart Energy Management Systems (SEMS)- There is a growing emphasis on integrated energy management systems that combine solar inverters with other technologies such as battery storage, EV charging, and smart home systems such as water heaters, smart plugs etc. Q. What diplomacy does the company have to meet the changing needs of the solar energy market? Continuous investment in R&D to stay at the forefront of technology and adapt to market trends to develop innovative products with superior quality and keeping a customer centric approach helps our company to stay on track with the changing demands of the market. As a multi-national Firm, it’s also important that we keep up with the market trends and have a global market strategy by tailoring products and strategies to regional needs.
Q. What key message do you want to convey to industry professionals and potential customers via REI Expo 2024?
At REI 2024, We would want to position ourselves as a leading, innovative, and customer-centric partner in the solar energy sector. Our products are robust, future-ready and priced very competitive in the market. We are a customer-driven company with global presence. We invite industry professionals and our potential customers to explore strategic partnerships and collaborative opportunities by leveraging our global expertise to drive innovation and expand market reach together.
Q. Are there any upcoming products or technologies you can share with us that will be launched in the near future?
GoodWe is constantly innovating and working on new technologies to enhance its product lineup. While specific details about upcoming products might be confidential until their official launch, we’re continuously working on next-gen inverters with higher efficiency and compatibility. Enhanced Energy storage solutions, EV charging integration and smart home connectivity are the key focus areas. I request interested readers to keep an eye on official announcements and product launches for the most accurate and detailed information
Q. Could you briefly introduce Credence Solar Panels Private Limited and elaborate on its core mission in the solar industry?
Credence Solar Panels Private Limited is a leading manufacturer of high-efficiency photovoltaic (PV) modules based in Rajkot, Gujarat, India. With a fully automated manufacturing facility of 600MW, the company specializes in producing both monofacial and bifacial solar modules, offering capacities up to 670W and 685W, respectively. Recently launched it Topcon G 12 model first time in india with exiting wattage of 730W. Credence Solar is distinguished by its innovative design, including modules with ribbed backs for enhanced structural support and longevity. The company’s products are BIS and ALMM certified, ensuring top-tier quality and reliability.
Core Mission: Credence Solar’s core mission is to deliver high-quality, innovative solar solutions that maximize energy output and sustainability. The company is committed to advancing solar technology, ensuring that its products contribute to global renewable energy goals by improving efficiency, durability, and performance. By offering cutting-edge solutions, Credence Solar aims to empower businesses, governments, and individuals to adopt clean energy alternatives and reduce their carbon footprint.
Q. As a longstanding player in the solar industry, what major challenges has Credence Solar faced, and how have you successfully navigated them?
As a longstanding player in the solar industry, Credence Solar has faced several major challenges, including: Technological Advancements: The rapidly evolving solar technology landscape demands constant innovation. To stay competitive, Credence Solar invested in R&D and developed cutting-edge products like ribbed monofacial and bifacial modules, offering higher efficiency and durability.Supply Chain Disruptions: Like many companies in the solar sector, Credence Solar experienced disruptions in the supply chain, particularly during the global pandemic. To mitigate this, the company worked closely with suppliers, developed alternate sourcing strategies, and built buffer stock for critical materials to ensure timely deliveries.Customer Trust and Adoption: Building trust in a highly competitive market with many players is always a challenge. Credence Solar overcame this by delivering consistent performance, building long-term relationships with customers, and offering warranties backed by corporate bonds.
Q. What innovative technologies or advancements in solar panel design will Credence Solar be showcasing at the REI Expo 2024?
At the REI Expo 2024, Credence Solar will be showcasing several innovative technologies and advancements in solar panel design, including: Ribbed Bifacial Modules (685W): Credence Solar will display its world-first ribbed bifacial modules, designed to enhance the structural rigidity of the panel. The ribbed back increases strength, prevents glass sagging, and improves durability, all while maintaining high efficiency.
High-Efficiency Monofacial Modules (670W): These modules, featuring advanced cell technology, offer higher power output per square meter. Credence will highlight its modules, ensuring optimal energy generation even in limited space.
Topcon Technology Integration: Credence will also present its latest Topcon cell technology integration, which improves overall module efficiency, reducing energy losses and enhancing performance under real-world conditions like partial shading and high temperatures. The ranges are outstanding with Wattage rangeing from 600W to 730Wp first time in India.
Q.How does Credence Solar address and adapt to the current market trends in renewable energy?
Adoption of Advanced Solar Technologies: Credence Solar stays at the forefront of solar technology by continually upgrading its product line with high-efficiency modules such as Topcon and bifacial panels, reflecting the industry’s shift toward more efficient, space-saving solutions. The introduction of ribbed modules for better durability is one such innovation that aligns with the market’s demand for long-lasting products.
Focus on Large-Scale Installations: As utility-scale solar projects become more prevalent, Credence Solar is well-positioned with its high-wattage modules (up to 685W) that cater to large solar farms and infrastructure projects. By offering products suited for industrial and large-scale applications, they align with the market’s growing demand for high-output, utility-scale solar installations.
Diversification in Solar Applications: The rise of diverse solar applications, such as rooftop solar, floating solar, and solar in transportation (metros, airports), has prompted Credence Solar to develop products for multiple applications. Their panels are designed for various conditions, from urban rooftops to large-scale metro projects, ensuring they cater to a broad range of market needs.
Compliance with Regulatory Changes: Credence Solar remains compliant with evolving regulations, such as India’s ALMM and BIS standards, ensuring their products are market-ready. Additionally, longevity and performance guarantees.
Q.What future strategies does Credence Solar have in place for expanding market reach or developing new products?
International Market Expansion: Credence Solar is focusing on expanding its presence in international markets, particularly in regions like Southeast Asia, the Middle East, and Africa, where solar energy demand is rapidly increasing. By leveraging its competitive pricing and high-efficiency modules, the company aims to capture new opportunities in these emerging markets. Development of Next-Generation Solar Modules: Credence is investing in R&D to develop nextgeneration solar modules, such as Topcon and heterojunction technology (HJT), which offer even higher efficiency and lower degradation rates. These advanced technologies are part of the company’s strategy to lead the market with innovative and high-performance products.Strategic Partnerships and Collaborations: To accelerate its growth, Credence Solar is seeking strategic partnerships with EPC contractors, technology providers, and governments for large-scale solar projects. By forming alliances with key players, Credence can expand its network, gain access to larger projects, and boost brand visibility. Expanding the Capacity: Credence is expandig the capacity to another 800MW hence will be at capacit of l .4GW by March 2025sector through a combination of forwardthinking strategies and a commitment to continuous improvement. Key approaches include:
Q. How does Credence Solar stay ahead of industry trends and continue to innovate in the ever-evolving renewable energy sector?
Investment in Research & Development: Credence Solar prioritizes R&D to stay at the cutting edge of solar technology. By continually exploring and adopting advanced technologies such as Topcon, heterojunction (HJT), and bifacial modules, Credence ensures its products deliver higher efficiency, better durability, and improved performance under various environmental conditions. This proactive approach allows them to anticipate market demands and introduce innovative solutions.
Advanced Manufacturing Technologies: With a fully automated production line, Credence Solar enhances operational efficiency, ensures product quality, and reduces production costs. The automation also allows the company to adapt quickly to new manufacturing technologies, keeping them competitive in terms of both quality and pncmg.
Monitoring Global Market Trends: Credence Solar actively monitors both domestic and international market trends to stay informed of changes in customer preferences, government policies, and emerging solar technologies. This insight helps the company adjust its product offerings and strategies to meet shifting market dynamics, such as the rising demand for energy storage, floating solar, and BIPV (Building-Integrated Photovoltaics ).
Q.What distinguishes BHASU ENERGY in the highly competitive landscape of the renewable energy sector? Could you elaborate on the key factors that give your brand a competitive edge?
Bhasu Energy is a premier solar product distribution company, established in 2024 with a steadfast commitment to delivering exceptional quality, unparalleled service, and competitive pricing. Leveraging over 15 years of expertise in the solar industry and trading of solar products, our team has cultivated a profound understanding of the market dynamics, enabling us to bridge the gap between manufacturers and customers.
Q.Can you share the core mission and vision of BHASU ENERGY with our readers? Additionally, we would appreciate it if you could outline the key offerings and services that define your brand.
At Bhasu Energy, our mission is to empower a sustainable future by providing premium solar products, timely delivery, and outstanding customer experiences. We strive to build longlasting relationships with our clients, partners, and stakeholders, founded on trust, transparency, and integrity.
KEY STRENGTHS:
Strategic Partnerships: We have fostered robust collaborations with esteemed manufacturers of solar modules, inverters, and other Solar BOS components, ensuring access to cutting-edge technology and innovative solutions.
Competitive Pricing:Our pricing strategy is designed to offer the best value to our customers without compromising on quality, ensuring a seamless and cost-effective transition to solar energy.
Timely Delivery: Our logistics and supply chain management expertise guarantees efficient and prompt delivery of products, minimizing lead times and ensuring projects stay on schedule.
Industry Expertise: Our team’s extensive experience in the solar sector enables us to provide insightful guidance, tailored solutions, and exceptional support throughout the customer journey.
Q.Could you take us through the product portfolio of BHASU ENERGY in the renewable energy sector? How do you foresee this portfolio expanding in the coming years?
As a leading distributor in India’s solar industry, we are proud to announce several exciting new partnerships and product expansions that further solidify our commitment to delivering comprehensive solar solutions across the country. Our recent collaborations with GoodWe Inverters and Saatvik Solar, combined with our expanded range of Balance of System (BOS) components, are set to revolutionize how solar power is harnessed, managed, and maintained in India.
A Strategic Collaboration with GoodWe Inverters
We have recently partnered with GoodWe, a global leader in PV inverters and energy storage solutions, to offer their full range of inverters across India. GoodWe’s inverters, ranging from 2 kW to 350 kW, are designed to cater to various solar system sizes and applications—from small residential installations to large-scale industrial setups. This partnership allows us to provide our customers with inverters that are not only highly efficient but also versatile, ensuring compatibility with diverse solar power projects. With features such as remote monitoring, intelligent energy management, and robust safety mechanisms, GoodWe inverters are a valuable addition to our product portfolio, enhancing both performance and reliability for our clients.
Boosting Local Solar Production with Saatvik Solar In line with our commitment to supporting domestic manufacturing, we have teamed up with Saatvik Solar, one of India’s premier PV module manufacturers. Focused on the Andhra Pradesh and Telangana markets, this partnership brings high-quality, high-efficiency solar modules to our clients, tailored for the unique climatic and geographical conditions of these regions.
Expanding into Industrial and Commercial BOS (Balance of System) components, we now offer walkways, handrails, and horizontal safety lines in various materials, enhancing safety and durability for solar installations. Our new products include automated module cleaning robots, ESE lightning arresters, ballast structures, and ground mount systems, catering to diverse project needs.For small-scale projects, our Residential BOS package ensures comprehensive support, including ACDB, DCDB, earthing materials, and connectors.These expansions underscore our commitment to quality, safety, and innovation, empowering customers across India with advanced, reliable solar solutions tailored to their specific needs.
Q.Could you discuss BHASU ENERGY’s commitments to environmental preservation and how your company is promoting energy efficiency?
At BHASU Energy Systems LLP, we are deeply committed to environmental preservation and sustainability. Our focus is on creating innovative energy solutions that reduce carbon footprints and promote long-term ecological balance. Here are a few ways we are contributing to environmental preservation and energy efficiency.
Promoting Renewable Energy Adoption: We advocate for the widespread use of renewable energy by providing state-of-the-art solar photovoltaic (PV) systems. Our solutions are designed to harness solar energy efficiently, reducing reliance on fossil fuels and lowering greenhouse gas emissions.
Advanced PV System Design: We specialize in designing PV systems optimized for maximum energy yield with minimal environmental impact. By incorporating cutting-edge technology and best practices, we ensure that our systems are efficient, reliable, and sustainable l
Sustainable Practices and Materials: Our commitment to sustainability extends beyond just the products we offer. We focus on using environmentally friendly materials, sustainable supply chains, and recycling practices wherever possible to minimize waste and reduce our ecological footprint.
Education and Advocacy: We actively engage in educating our customers and partners about the benefits of renewable energy and energy-efficient practices. By conducting training sessions, workshops, and awareness campaigns, we strive to empower communities to make informed choices that align with sustainability goals
Q. Could you provide a summary of Banga Solar and highlight the core values that drive your operations and innovations?
Banga Solar Pvt. Ltd., established in 2018, is a leading solar product distributor operating across India (PAN India). The company is dedicated to promoting sustainable energy solutions by providing high-quality solar products to all residential, commercial and Industrials markets. With a focus on clean energy, Banga Solar plays a vital role in India’s transition to renewable energy, helping customers reduce their carbon footprint while improving energy efficiency
Core Values:
• Sustainability: Committed to reducing environmental impact by advancing renewable energy adoption.
• Innovation: Continuously innovating to offer the latest and most efficient solar products.
• Customer-Centricity: Focused on delivering value-driven solutions that meet the unique needs of customers across India.
• Integrity: Operating with transparency, honesty, and a commitment to ethical practices.
• Nationwide Reach: Ensuring accessibility of solar solutions throughout India, contributing to the country’s energy transformation goals
Q.Can you elaborate on the key technologies behind your solar products, such as solar modules, PV inverters, and other related offerings?
Key Technologies Behind Banga Solar’s Product Offerings:
a. Solar Modules: Solar modules, or photovoltaic (PV) panels, are the cornerstone of any solar power system. Banga Solar distributes highefficiency solar modules from leading brands such as Saatvik, Longi, and Trina. These toptier modules are designed to efficiently convert sunlight into electricity, ensuring optimal energy generation for both residential and commercial applications.
b. PV Inverters: PV inverters play a crucial role in converting the direct current (DC) generated by solar panels into alternating current (AC), which powers homes and businesses. Banga Solar offers state-of-the-art inverters from top brands like “Solis” that maximize energy conversion efficiency, leading to enhanced system performance. We are also proud to collaborate with PVblink, a Make in India initiative, to provide locally manufactured, high-quality inverters.
c. ACDB/DCDB Units: Banga Solar manufactures customized ACDB (AC Distribution Box) and DCDB (DC Distribution Box) units tailored to meet specific client requirements. These units are designed to protect solar systems from internal surges, ensuring the longevity and safety of the system.
d. Connectors: To ensure seamless connections within the solar system, Banga Solar offers premium connectors, including MC4 connectors and Staubli connectors, known for their reliability and durability in solar installations.
e. Balance of System (BOS) Components: Banga Solar provides all essential Balance of System (BOS) components required for the installation and efficient operation of solar power systems, ensuring a comprehensive solution for customers.
Q. What trends and developments does Banga Solar anticipate in the solar energy market over the next few years.
Banga Solar anticipates several key trends and developments in the solar energy market over the coming years:
1. Increased Adoption of Renewable Energy: As India accelerates its push towards renewable energy, solar power will continue to see rapid growth. Government initiatives like the National Solar Mission and a rising focus on sustainability will drive further adoption of solar energy, both for residential and commercial use.
2. Technological Advancements in Solar Modules: Solar module technology is expected to evolve with higher-efficiency panels, including the use of bifacial and half-cut cell technologies. These advancements will allow for more energy generation even in limited space, improving the overall return on investment for solar installations.
3. Smart Inverters : PV inverters will evolve with more smart functionalities, including enabled monitoring systems that allow for real-time performance tracking, predictive maintenance, and enhanced grid integration. This will empower users to optimize their energy use and improve system performance.
4. Domestic Manufacturing Initiatives: The push for Make in India initiatives will increase the production of domestically manufactured solar equipment, including modules and inverters. Banga Solar’s collaboration with PVblink for Make in India inverters aligns with this trend, supporting local manufacturing and reducing dependency on imports.
5. Focus on Sustainable and Green Technologies: With growing environmental awareness, the demand for eco-friendly and sustainable products will increase. Solar systems with reduced carbon footprints in production and recycling will become more popular, alongside government policies incentivizing green technologies.
6. Reduced Costs and Improved Affordability: As solar technology matures, the cost of solar systems, including balance of system (BOS) components, will continue to decrease, making solar installations more affordable for a larger segment of the population. Banga Solar is poised to stay ahead of these trends by offering cuttingedge products and solutions, contributing to the continued growth of solar energy in India.
Q.What are the most significant challenges Banga Solar has faced in the solar energy sector, and how have you addressed them?
Some significant challenges Banga Solar has likely faced in the solar energy sector, along with potential strategies for addressing them are:
• Intense Competition and Price Pressure Challenge: With numerous solar distributors and manufacturers entering the market, maintaining competitive pricing without compromising quality can be tough.
• Technological Advancements and Changing Standards : The solar industry is fast-paced, with constant innovations in technology and evolving regulatory standards.
• Logistics and Nationwide Distribution: Distributing solar products across a large country like India presents logistical challenges. By establishing a PAN India operation, Banga Solar has optimized its supply chain, ensuring that products reach customers efficiently, regardless of location.
Q. What types of support and services does Banga Solar offer to customers after their purchase?
Support and Services Banga Solar Offers After Purchase At Banga Solar, customer satisfaction and longterm system performance are top priorities. After the purchase, we provide a comprehensive range of support and services to ensure that our clients receive the full support include:
• After-Sales Technical Assistance Our dedicated support team is available to assist with any technical issues or questions that may arise regarding solar system, modules, inverters, or BOS components. We strive to provide prompt solutions to ensure minimal disruption.
• Installation Support Although we don’t handle installations directly, we offer expert guidance to ensure the proper installation of solar systems, including customized ACDB/DCDB units and connectors like MC4 and Staubli. This ensures that the system is installed correctly for optimal performance.
• Warranty Support We assist our customers in managing warranties for products such as solar panels, inverters, and BOS components. Whether it’s coordinating with manufacturers for warranty claims or helping troubleshoot issues, we ensure that customers receive the coverage they’re entitled to.
• Continuous Customer Engagement Our team maintains regular contact with clients to ensure they are satisfied with their solar installations. We also offer consultations for potential system upgrades or enhancements as new technologies and innovations become available.
Q. What strategies does Banga Solar have in place to remain competitive in the rapidly evolving solar energy market?
To remain competitive in the dynamic solar energy market, Banga Solar has implemented several key strategies aimed at innovation, quality, and customercentricity:
Strong Partnerships with Top-Tier Brands: Banga Solar has established partnerships with leading solar brands. These collaborations enable us to provide high-quality solar products that are both efficient and reliable, ensuring that our customers receive top-tier products.
• Customization and Flexibility: Recognizing that each customer’s needs are unique, Banga Solar offers customized solutions such as tailored ACDB/DCDB units and various brands in modules and inverters. This allows us to provide flexible options that are designed to meet specific project requirements, helping us stand out from competitors that may only offer standardized products.
• Commitment to Quality and Performance: In an industry where pricing can be competitive, Banga Solar distinguishes itself through a commitment to sale quality products. We source material that deliver long-term performance and reliability. This focus on quality ensures customer satisfaction and helps us build a reputation for trust and reliability.
• Nationwide Distribution Network: With a PAN India presence, Banga Solar has optimized its supply chain to ensure the timely and efficient distribution of solar products across the country. Our ability to serve clients from diverse locations provides a competitive advantage by reducing lead times and ensuring smooth logistics for large and small-scale projects.
• Comprehensive After-Sales Support: Offering strong after-sales services, including technical support, warranty management, and product replacement, has helped Banga Solar build longterm relationships with clients. Our dedication to customer satisfaction through ongoing support distinguishes us from competitors who may not offer the same level of service.
Q. What benefits does Banga Solar gain from participating in the REI exhibition, and how do you believe it will influence the industry?
Participating in the Renewable Energy India (REI) exhibition brings several strategic benefits to Banga Solar, helping the company strengthen its market position and influence the solar industry:
Industry Exposure and Brand Visibility: The REI exhibition is one of the largest platforms for renewable energy in India, attracting key stakeholders from across the industry. By showcasing our products and solutions at such a prestigious event, Banga Solar enhances its brand visibility, reaching potential customers, partners, and investors on a large scale. This exposure helps solidify our reputation as a trusted solar distributor and manufacturer. This direct engagement with decision-makers and influencers can lead to long-term collaborations and growth.
Showcasing Product range : Banga Solar can use the REI exhibition as a platform to showcase our latest innovations, such as highefficiency solar modules, and PV inverters, customized ACDB/DCDB units, cable tie, connectors, BOS. Demonstrating these advanced solutions to an engaged audience positions us as a leader in offering cutting-edge products tailored to customer needs, which in turn attracts clients seeking state-of-the-art solutions.
Staying Ahead of Market Trends: The REI exhibition is a hub for new technologies, regulatory updates, and market trends in the renewable energy sector. By participating, Banga Solar can gain insights into emerging technologies, policy shifts, and future market demands. This knowledge enables us to adapt our strategies and offerings to stay ahead of the competition in a rapidly evolving industry.
Enhancing Credibility and Trust: Being part of a high-profile event like REI adds to Banga Solar’s credibility in the solar energy market. Our presence at the exhibition signals to customers and partners that we are a serious, established player committed to the growth and success of the renewable energy sector.
Lead Generation and Business Growth: REI provides an excellent platform for generating leads. The face-to-face engagement with potential buyers helps us build trust and convert inquiries into sales, leading to business growth and increased market share
Q. Could you share the success story of DhaSh PV with our readers and explain how your company is innovating for the future?
DhaSh PV Technologies specializes in the manufacturing of photovoltaic junction boxes and connectors, critical components for solar modules. The company manufactures all the components needed for its product range in-house. The stateof-the-art production facility, with a capacity of 32GW, is well-equipped with the latest technology, globally benchmarked equipment, an in-house lab, top-quality materials, and skilled manpower.
Since the beginning of our journey, the “Quality of the Product” has always spoken in favor of the organization, driving us forward to become the most preferred and reliable choice among clients. DhaSh not only stands for high reliability but also for our tireless proximity to the market and unrivaled customer-oriented service.
Q.How is DhaSh PV distinguishing itself in the competitive renewable energy landscape, and what steps are being taken to build a sustainable future?
Since our establishment in 2017, DhaSh has been driven by innovation and development. We continuously upgrade our product range and offer solutions for various applications like Agri PV, Flexible Solar Panels, BIPV, Floating Solar, and recently started providing complete connection solutions on the DC side—from solar panel to inverter. We have developed Y Connectors, Branch Connectors, Inline Fuse Connectors, Panel Mount Connectors, and Wire Harnesses, which give a complete solution for DC connections and eliminate fire and safety risks that arise due to cross-mating. These solutions also increase system performance by keeping contact resistance to a minimum. We have greatly benefited from relying on our core technologies and high-quality manufacturing processes, improving product performance, conversion efficiency, product reliability, production yield rates, and reducing technology-related costs.
Q. With DhaSh PV’s ambitious goal of reaching 50 GW production by 2025, could you update us on the current status of this project?
What is your brand’s current manufacturing capacity, and how do you plan to expand it in the upcoming years? With a deep commitment to scaling renewable energy infrastructure, DhaSh PV is in the process of expanding its PV Junction Box production capacity to an impressive 50GW by 2025, up from the existing 32GW per annum. This expansion positions us as a key player in supporting India’s vision of becoming a global solar manufacturing hub. Our large-scale operations enable us to cater to the growing global demand for high-quality solar components while fostering sustainable energy solutions for the future.
Q.Can you provide insights into the unique specifications of your brand’s solar cables?
Cables in photovoltaic systems are of great importance since they link the main components of the system. The reliability, efficiency, and lifespan of these systems are greatly affected by the functionality of these cables. DhaSh is gearing up for further backward integration steps by manufacturing e-beam cross-linked XLPO Solar DC cables, which feature low contact resistance,superior conductivity, and enhanced weatherability properties. These cables will not only boost the performance of solar PV systems but also extend their operational life. They are expected to set new industry standards for durability and efficiency.
Q.What commitments has DhaSh PV made towards environmental preservation, and how is your company promoting energy efficiency?
Sustainability is embedded in every aspect of DhaSh PV’s operations. We strive to not only meet the needs of today but to lay the foundation for a greener and more sustainable future. Through our comprehensive research and development (R&D) initiatives, we continuously explore innovative solutions that enhance energy efficiency and reduce environmental impact, contributing to India’s ambitious renewable energy goals.
Q.Could you elaborate on the unique specifications of the PV Junction Boxes offered by your brand?
PV Junction Boxes play a particularly critical role in ensuring the service life of solar photovoltaic modules meets their 25-year promise. Despite its small and compact design, a PV Junction Box acts as an enclosure on the solar module where PV strings are electrically connected. It is one of the most crucial components for reliability, and its importance cannot be overlooked. Our flagship product, the “DhaSh Trio” Junction Box, steals the show with its compact and robust design, increased efficiency, and optimized cost, accommodating the latest technology demands. The DhaSh Trio Junction Box comes with an “Integrated Module” diode, providing superior heat dissipation and maintaining a controlled junction temperature (below 200?C) under multiple JB-rated current applications (up to 35A). The premiumgrade plastic material used for the enclosure has thermal endurance of up to 125?C, a flame class of 5VA (under UL-94, V0), and an ingress protection rating of IP68, making the product more robust for harsh conditions and superior to any similar product in the market.
Q.As the renewable energy market continues to grow, how is DhaSh PV leveraging technological advancements to stay ahead of industry trends?
Building on the success of its flagship product, DhaSh is set to introduce an enhanced version of the TRIO Junction Box integrated with an advanced version of PV Connectors. These are designed to offer greater resilience in extreme environmental conditions while improving overall efficiency and longevity. The next-generation Trio Junction Box will be designed for a system voltage of 2000V and a rated current of 35A. Meanwhile, the advanced connector version will be rated for 2000V and 45A, optimizing both LCOE and BOS costs.
Q.In what ways is DhaSh PV collaborating with other industry leaders or stakeholders to accelerate the adoption of renewable energy solutions in India and beyond?
At the ongoing Re-Invest 2024 Summit in Gandhinagar, Gujarat, major renewable energy developers are gathered and have committed under the “Shapath Pathra” agreements to deploy 480GW of renewable energy over the next five years. India is at the forefront of the global renewable energy revolution, and the solar manufacturing industry is playing a crucial role in driving this growth. We are witnessing vibrant growth in solar adoption and expanding our manufacturing capacity to provide the utmost support in achieving this goal.
Q.Could you give us a brief overview of your company, and its trajectory in the cable manufacturing industry?
WAA Cables Pvt Ltd, founded in 2019, has quickly established a strong reputation in the cable manufacturing industry by delivering reliable and high-performance cable solutions. Our growth has been fueled by a steadfast commitment to technological advancement and uncompromising quality, enabling us to expand our product range and refine our manufacturing processes. With a robust presence in regional markets, we are now focused on leveraging our expertise to explore new opportunities, address emerging industry needs, and drive innovations in smart technology and sustainable practices.
Q.In what way does your company differ from other cable manufacturers in the Market?
WAACAB differentiates itself from other cable manufacturers through our unwavering commitment to innovation, quality, and sustainability. We prioritize substantial investment in research and development, allowing us to pioneer cuttingedge technologies and utilize advanced materials. Our products undergo rigorous quality assurance processes, ensuring they consistently meet the highest industry standards. Moreover, our dedication to sustainability is evident in our incorporation of eco-friendly practices and materials, which sets us apart in a competitive market.
Q.How do WAACAB’s approvals from NTPC and SJVN impact the company’s standing in the industry?
The approvals from NTPC and SJVN significantly boost WAACAB’s reputation in the energy sector. Both NTPC, a leading thermal power generator, and SJVN, a major hydropower producer, are known for their strict quality standards. Having WAACAB’s solar cables approved by these industry giants underscores the high performance and durability of our products. This not only reaffirms the trust in our solutions but also opens doors to larger projects, reinforcing our role as a key player in the renewable energy market. These endorsements highlight our dedication to quality and innovation, positioning WAACAB as a reliable partner in driving the transition to sustainable energy.
Q.Would you elaborate on some of the recent trends or demands seen in the cable and wire industry, especially in the realm of solar applications?
Recent trends in the cable and wire industry, especially within solar applications, highlight a growing demand for cables and connectors that offer higher efficiency and enhanced durability. As solar installations increasingly operate in extreme environmental conditions, there is a strong emphasis on developing components that can reliably withstand these challenges while maintaining peak performance. Another significant trend is the integration of smart technologies, with a rising demand for cables that support real-time monitoring and diagnostics, ensuring seamless operation within modern, tech-driven solar systems. Additionally, sustainability continues to be a driving force, with the industry moving toward the use of eco-friendly materials and processes to reduce environmental impact while meeting stringent performance standards.
Q.What is your approach to testing and quality assurance, especially for critical items like solar connectors?
Our approach to testing and quality assurance is comprehensive and multi-layered, designed to uphold the highest standards of performance and safety. For critical items like solar connectors, we implement rigorous testing protocols that encompass electrical, mechanical, and environmental assessments. This includes highvoltage testing, thermal cycling, and exposure to extreme environmental conditions to ensure that our products are reliable and durable. Our quality assurance processes are meticulously designed to identify and resolve any potential issues before our products reach the market, ensuring their consistent performance and safety in even the most demanding applications.
Q.What are the biggest obstacles currently facing the cable manufacturing industry and how is your company going to tackle them?
The cable manufacturing industry is currently grappling with several significant challenges, including rising raw material costs, supply chain disruptions, and increasingly stringent regulatory requirements. At WAACAB, we are tackling these obstacles by focusing on enhancing operational efficiency and investing in advanced manufacturing technologies. To mitigate the impact of cost fluctuations, we are strengthening our supply chain relationships and diversifying our material sources. Additionally, we are committed to staying ahead of regulatory changes by implementing proactive compliance measures, ensuring that our operations not only meet but exceed industry standards.
Q.What have been the driving forces behind the rapid expansion of the company?
The rapid expansion of WAACAB has been driven by several key factors. Our unwavering focus on innovation and customer-centric solutions has allowed us to stay ahead of market demands. Strategic investments in technology and infrastructure have further supported our growth, enabling us to enhance our product offerings and operational capabilities. Our commitment to quality and sustainability has resonated with clients, helping us capture new opportunities and enter diverse markets. Additionally, strong partnerships and an expanding global presence have played a crucial role in accelerating our growth trajectory.
Q.Where do you see the industry heading in the next five to ten years, and what role will the company play in the future?
In the next five to ten years, the cable manufacturing industry is expected to advance towards greater integration of smart technologies, heightened focus on sustainability, and the development of advanced materials to meet evolving needs. WAACAB aims to be at the forefront of this transformation by driving innovation in cable solutions and investing in sustainable practices. We plan to expand our product offerings to align with future market demands and continue leveraging our technological expertise to contribute to the industry’s growth and development. Our goal is to play a pivotal role in shaping the future of the industry, supporting both technological progress and environmental sustainability
Q.Could you give us the company’s mission and its significant role in the industry?
At Rayzon Solar, our mission is to drive the global transition to sustainable energy through innovative, high-efficiency solar solutions. As a pioneering force in the solar industry, we are dedicated to producing top-tier photovoltaic modules. Our advanced technologies, such as N-Topcon cells with over 22.65% efficiency, set us apart in the market. By consistently delivering superior quality and performance, we play a significant role in advancing renewable energy adoption worldwide, empowering communities, and contributing to a greener future.
Q.Over the next five years, what will be the primary objectives and strategic priorities of your company?
Over the next five years, Rayzon Solar aims to drive the global transition to sustainable energy by focusing on innovation, expansion, and customer satisfaction. Our primary objectives include advancing photovoltaic technology to further enhance panel efficiency, scaling our operations to meet the growing demand for clean energy solutions, and strengthening our international market presence. We are committed to delivering cutting-edge solar solutions, maintaining the highest quality standards, and forging strategic partnerships to support our mission of a greener future. By prioritizing research and development, expanding our global footprint, and fostering a culture of excellence, we strive to lead the way in solar energy advancements and contribute significantly to a sustainable world.
Q.What technological advancements have your company recently implemented or is preparing to implement?
At Rayzon Solar, we are leading the way in technological advancements in the solar industry. We have recently implemented cutting-edge N-Topcon technology in our solar panels, achieving superior efficiency of over 22.65%. We are also preparing to expand our production capacity beyond 4 GW, having secured ALMM approval.To enhance our testing capabilities, we have acquired a DML tester, expanded our Environmental chamber capacity, and introduced a Full-size module UV-cum-Damp Heat testing chamber in our lab. Furthermore, we plan to obtain NABL accreditation for our reliability lab in 2024, ensuring our commitment to quality and innovation.
Q.Would you shed light on the products of the company that are being offered to the clients?
At Rayzon Solar, we offer a diverse range of highefficiency solar products tailored to meet the unique needs of our clients. Our portfolio includes advanced N-TOPCon with more than 580WP + and Mono PERC solar modules, designed to deliver exceptional performance and reliability. These modules are available in various configurations, including bifacial and half-cut cell designs, ensuring optimal energy generation even in challenging conditions. Our commitment to innovation and sustainability drives us to deliver cutting-edge solar technology that empowers our clients to harness the full potential of renewable energy.
Q.How does the company intend to expand its market presence in the upcoming years?
Rayzon Solar intends to expand its market presence in the upcoming years by significantly increasing production capacity and establishing a robust international footprint. By end of 2024, we aim to boost our capacity to 10 GW in India. Additionally, we plan to launch a 1.0 GW TOPCon cell manufacturing plant by 2025. These expansions will be complemented by obtaining NABL accreditation for our reliability lab, enhancing our technological capabilities and credibility. Our strategic investments in advanced testing equipment and cutting-edge technologies, such as the N-Topcon panels with over 22.65% efficiency, will further solidify our reputation for quality and innovation, positioning us as a leader in the global solar market.
Q.What are the key challenges the company is encountering in the current economic scenario?
At Rayzon Solar, we are navigating several key challenges in the current economic scenario. The volatility in global supply chains has led to fluctuations in the availability and cost of raw materials, impacting our production schedules and pricing strategies. Additionally, fluctuating currency exchange rates have introduced financial unpredictability, complicating our international trade and expansion plans. Freight rate instability has further exacerbated these issues, affecting our logistics and delivery timelines. The evolving regulatory landscape, particularly in emerging markets, requires continuous adaptation to new policies and standards, which demands additional resources and strategic planning. Furthermore, some nations are facing economic strain due to a combination of regulatory and policy challenges, adding complexity to our international operations. Despite these hurdles, we remain committed to innovation and growth, leveraging our technological advancements and robust testing capabilities to sustain our leadership in the solar industry.
Q.In what way does your company foster a collaborative and innovative work environment?
At Rayzon Solar, we foster a collaborative and innovative work environment by encouraging open communication and cross-functional teamwork. Our culture is built on the principle of mutual respect and shared goals, where diverse perspectives are valued and integrated into our decision-making processes. We provide our team with opportunities for continuous learning and professional growth through regular training sessions, workshops, and access to the latest industry technologies. By promoting a supportive and dynamic atmosphere, we empower our employees to contribute creative solutions and drive forward-thinking initiatives, ensuring that we remain at the cutting edge of the solar industry.
Q.What will be the primary factors that will determine the company’s success in the future?
At Rayzon Solar, our future success will be primarily determined by our ability to continue innovating with advanced technologies, such as our cuttingedge N-Topcon panels and expanding production capabilities. Key factors include maintaining high efficiency and performance standards, securing necessary certifications and approvals, and enhancing our testing and quality assurance processes. Additionally, our strategic focus on increasing production capacity, both domestically and internationally, will be crucial. By staying at the forefront of technological advancements and adapting to market demands, we aim to solidify our position as a leader in the solar industry and drive sustainable growth.
Q.Can you share the vision and mission of Purshotam Profiles?How is the company pioneering excellence through its innovations?
At PURSHOTAM PROFILES, innovation is not merely a buzzword; it is the very essence of our identity. It flows through our priorities, shapes our products, refines our processes, and drives our performance. This intrinsic strength sets us apart in an ever-evolving industry. We are not just reacting to market trends; we are proactively shaping them.
Our commitment to staying at the cutting-edge of technology is unwavering. This determination fuels our ability to develop and deliver solutions that meet the complex demands of today’s marketplace. By embracing advanced technologies and innovative practices, we ensure that every product we create reflects quality and forward-thinking design.
At Purshotam, innovation isn’t a deliberate strategy—it’s a fundamental part of who we are. We invite you to join us on this journey as we continue to push boundaries and redefine excellence in everything we do.
Q.How does Purshotam Profiles create solutions that are shaping the future of the industry?
In a world that is constantly evolving, Purshotam stands ready to embrace challenges and adapt to changes in the market. We understand that our customers’ needs are dynamic, and we are committed to providing solutions that keep pace with these shifts. By focusing on direct marketing technologies, we ensure that our clients have the tools they need to thrive in a competitive environment.
Join us on this journey as we work towards building a platform that not only meets but exceeds expectations—where transparency and accessibility redefine how manufacturers engage with their pricing strategies. Together, we can navigate the future of direct marketing with confidence and clarity.
Q.What is the current annual manufacturing capacity of Purshotam Profiles, and how do you plan to expand this in the next five years?
Our current manufacturing capacity stands at an impressive 35,000 metric tons per month, distributed across 16 world-class facilities in India. This robust infrastructure not only underscores our commitment to quality but also positions us as a leader in the solar energy sector. As the demand for sustainable energy solutions continues to surge, we recognize the need to scale our operations significantly over the next five years.
Our expansion plans are strategically designed to meet both domestic and international market needs. By investing in advanced technologies and enhancing our production capabilities, we aim to ensure that we are at the forefront of providing innovative solar energy solutions. This is not just about keeping pace with demand; it’s about setting new benchmarks in efficiency and sustainability.
Q.Could you highlight the unique offerings of your brand in solar module mounting structures, specifically in terms of column types, rafter types, bracing types, and purlin types?
Purshotam Profiles offers a diverse range of solar module mounting solutions designed to optimize performance, durability, and ease of installation.
Our offerings include:
C-Sections: These are widely used in columns, rafters, and bracings. C-sections provide a high strength-to-weight ratio, making them ideal for structural applications where support and stability are crucial. They enhance the overall rigidity of the structure, ensuring it can withstand various environmental factors like wind loads and seismic activity.
Hat Sections (Purlins): Our Hat Sections are designed with a flat top and vertical sides, offering increased resistance to warping and twisting. This makes them perfect for applications where precise alignment and long-term durability are needed. These sections provide excellent support for solar panels, ensuring the integrity of the installation over time.
Bracing Types: We offer multiple bracing options that provide additional support and stability to solar mounting structures. These bracings help in distributing loads evenly across the structure, preventing deformation and enhancing overall safety.
Each of these components is designed with precision and sustainability in mind. We use advanced materials like ZAM, Galvalume, and HDG (Hot-Dip Galvanized) to ensure that our mounting structures are not only strong but also corrosionresistant, allowing them to last longer in diverse environmental conditions. Our focus on quality and innovative design ensures that our solutions meet the specific needs of each solar project, delivering optimal performance and reliability.
Q.Can you walk us through some of the major milestones that Purshotam Profiles has achieved over the past five years?
Over the past five years, Purshotam Profiles has achieved several key milestones, reinforcing our leadership in the solar module mounting structure (MMS) industry.
Capacity Expansion: We now have a manufacturing capacity of over 35,000 metric tons per month across 16 advanced facilities, enabling us to meet increasing demand both in India and globally.
Supply Milestone: We’ve supplied over 35 GW of MMS, including 7.4 GW in 2023-24, supporting India’s renewable energy goals.
Key Projects and Partnerships: Notable contributions include the Ram Mandir solar project in Ayodhya, alongside strong partnerships with major developers.
Global Reach: Our market presence has expanded internationally, completing several global solar projects
Q.Please provide insights into your 12 world-class manufacturing units across India.
Our 16 manufacturing units across India exemplify excellence, showcasing cutting-edge technology and adhering to international quality standards. Strategically positioned throughout the country, these facilities are designed to optimize supply chains, ensuring that we can efficiently serve both domestic and global markets with unparalleled precision.
Each unit is equipped with advanced machinery that not only enhances production capabilities but also aligns with sustainable practices. By prioritizing eco-friendly methods, we minimize our environmental footprint while maximizing output. This commitment to innovation and sustainability sets us apart in the industry and reinforces our dedication to delivering superior products. .
In a world where quality and efficiency are paramount, our manufacturing units stand as a testament to our relentless pursuit of excellence. Whether you’re looking for reliable domestic solutions or seeking to expand into international markets, our state-of-the-art facilities are poised to meet your needs with confidence and reliability.
Q.Could you elaborate on the main goals and objectives of your company?
At Sunkind, our vision is to be at the forefront of India’s renewable energy revolution. We are committed to setting new industry standards through a continuous focus on three key pillars: timely project delivery, uncompromising quality, and paramount safety. We have developed robust in-house capabilities for Manufacturing Mounting Structures (MMS), and we are on the verge of launching our own module manufacturing facility. This end-to-end control over our supply chain ensures both reliability and efficiency, uniquely positioning us in the market.
In addition to our strengths in manufacturing, we are expanding our Engineering, Procurement, and Construction (EPC) business by increasing our footprints across various regions and focusing on the development of large-scale solar parks. These initiatives reflect our ambition to offer integrated solutions that cater to the growing demand for clean energy in India.
Looking ahead, we’re not just content with domestic leadership. Our ambition is to leverage these strengths to establish Sunkind as a significant global player in the renewable energy sector within the next three years. We believe that our commitment to innovation, quality, and sustainability will resonate not only in India but on the world stage. At Sunkind, we’re not just building solar projects; we’re paving the way for a sustainable future with Net Zero emissions at the core of our mission.
Q.What innovations or technological advances has your company recently introduced?
At Sunkind, innovation is at the heart of our operations. We’ve recently made significant strides in two key areas--Firstly, in solar module technology, we’re now offering cutting-edge Top Con modules. These modules boast efficiencies ranging from 580 to 665 watts, a substantial leap from the previous industry standard of around 550 watts. This advancement allows us to significantly increase project capacities, offering our clients more power output within the same physical footprint. Secondly, we’ve developed a comprehensive project lifecycle management platform. This innovative tool allows real-time monitoring of every aspect of our projects, from initial lead generation to final completion. It provides: detailed tracking of individual function deliverables, automated alerts to relevant team members, real-time cost control, comparing budgeted versus actual expenses, and instant project status updates
What sets this platform apart is its transparency. We’ve extended access to our clients, allowing them to monitor project progress in real-time. This fosters trust and ensures all stakeholders are always on the same page. These innovations underscore our commitment to pushing the boundaries of what’s possible in renewable energy, both in terms of hardware efficiency and project management sophistication.
Q.What have been the most significant challenges your company has encountered in the energy sector?
In the rapidly evolving renewable energy sector, Sunkind faces several significant challenges. We’re competing intense competition on two fronts - against established corporate giants and regional players. While we match larger corporations in quality and technical parameters, regional players often undercut prices by compromising on quality, creating a challenging market dynamic. Another challenge is thin profit margins. The industry operates on narrow margins. At times, to secure prestigious clients and build relationships, we’ve had to work with very tight margins, which can strain our financial stability. We also face the hurdle of supply chain volatility. As many components, especially solar modules, are import-dependent, global supply chain disruptions can lead to delays and increased costs. This apart, policy variations across states pose challenges. Some states offer favorable conditions, while others have regulatory hurdles that impact project implementation.
However, we’re also seeing positive developments. For instance, the Rajasthan State Industrial Development and Investment Corporation (RIICO) recently facilitated our establishment of a stateof-the-art solar module manufacturing plant. Their efficient process, completing land allocation and documentation in just three months, demonstrates the growing governmental support for sustainability initiatives. At Sunkind, we view these challenges as opportunities for innovation and improvement. We’re constantly adapting our strategies to navigate these hurdles while maintaining our commitment to quality and sustainability.
Q.In the coming years, how does your company intend to contribute to global sustainability goals?
Sunkind Energy is deeply committed to contributing to global sustainability goals, and our plans for the coming years are ambitious and far-reaching. First and foremost, we’re proud to play a key role in advancing India’s renewable energy agenda. Our efforts are closely aligned with the government’s target of achieving 500 GW of non-fossil energy capacity by 2030. This isn’t just a national goal; it’s a significant contribution to global sustainability efforts. For the past five years, Sunkind has been at the forefront of the renewable energy sector. We’ve built a strong reputation for providing exceptional services in Engineering, Procurement, and Construction (EPC), as well as manufacturing robust solar structures. This foundation gives us a unique position to drive sustainable change.
Our organization is committed to leaving an indelible imprint on the renewable energy sector through our focus on achieving ‘Net Zero’ emissions. This involves not just our own operations, but our entire value chain of solar energy production. We’re continually investing in research and development to improve the efficiency and sustainability of our solar energy solutions. This includes enhancing our manufacturing processes, improving solar panel efficiency, and developing more durable and eco-friendly solar structures.
Furthermore, we believe that achieving global sustainability goals requires not just technological solutions, but also a shift in societal awareness and behavior. By sharing our knowledge and promoting the benefits of renewable energy, we aim to inspire broader adoption of sustainable practices. In essence, Sunkind’s contribution to global sustainability goals goes beyond just producing clean energy. Our goal is not just to meet current sustainability targets, but to push the boundaries of what’s possible in creating a cleaner, more sustainable future for all.
Q.What long-term objectives does the company have, and what will these entail over the next five to ten years?
Our long-term objectives are firmly rooted in our commitment to global sustainability goals. Over the next five years, we aim to significantly expand our role in the renewable energy sector. This includes scaling up our solar farm initiatives to provide wider access to clean energy for industries and small players alike, thereby reducing reliance on fossil fuels and lowering carbon emissions.
A key focus will be our upcoming PV module manufacturing setup. This facility will not only employ sustainable production practices but also generate over 500 jobs, contributing to local community development. We are also planning to enhance our collaborations with like-minded organizations to leverage solar and wind power more effectively.
Our objectives extend beyond business growth. We’re committed to being a catalyst for change, encouraging businesses and communities to embrace renewable energy. This matches with our broader goal of contributing to poverty reduction, environmental protection, and fostering prosperity for all.”
Q.What is going to be the future vision and prospects of your company that will help in its progress?
Sunkind’s future vision is centered on becoming a leading force in the global transition to sustainable energy. We see immense prospects in expanding our renewable energy solutions, particularly in solar power. Our upcoming state-of-the-art PV module manufacturing facility is a cornerstone of this vision, enabling us to produce high-quality, sustainable solar products while creating significant local employment opportunities.
We envision Sunkind as not just an energy provider but a comprehensive sustainability partner. This includes expanding our solar farm initiatives to make clean energy more accessible and affordable. We’re also focusing on innovative solutions that integrate renewable energy into various sectors, from residential to industrial applications. Additionally, we are expanding our O&M (Operations and Maintenance) capabilities to offer comprehensive third-party O&M services, ensuring optimal performance and longevity for solar installations across different sectors.
Moreover, we aim to be at the forefront of green technology advancements, continuously improving the efficiency and cost-effectiveness of our solutions. As part of our growth strategy, we plan to enter the global market, positioning ourselves to compete on an international scale. By aligning our growth with global sustainability goals, we are setting Sunkind on a path to flourish in the rapidly evolving renewable energy landscape, driving both business success and positive environmental impact.
Q. Navitas Solar has been a prominent player in the solar industry for some time now. Could you tell us about the most recent advancements or developments at your company?
At Navitas Solar, we are thrilled to announce the launch of our next-generation N-Type TOPCon modules. These modules, introduced at Intersolar India 2024, feature advanced Tunnel Oxide Passivated Contacts (TOPCon) technology, which significantly enhances energy yield and reduces temperature coefficients. This innovation not only improves the efficiency and lifespan of our solar panels but also positions us at the forefront of solar technology advancements.
Q. How does Navitas Solar address common challenges in solar technology, such as improving panel efficiency and enhancing durability?
We tackle these challenges through continuous innovation and rigorous testing. Our N-Type TOPCon modules, for instance, offer over 22% efficiency and are designed to perform reliably under extreme weather conditions. By incorporating bifacial technology, these panels can capture sunlight from both sides, further boosting energy output. Additionally, our panels have a low degradation rate, ensuring long-term durability and consistent performance.
Q. What trends in the solar energy sector excite you the most, and how is Navitas Solar positioning itself to take advantage of these trends?
The rapid advancements in solar technology and the increasing adoption of renewable energy globally are particularly exciting. We are positioning ourselves to capitalize on these trends by expanding our manufacturing capacity and entering new markets. Our recent partnership with Colby Solar in the U.S. is a testament to our commitment to global expansion and innovation. This partnership will establish a 1.2 GW solar manufacturing facility in the American Midwest, with plans to scale up to 10 GW within a few years. This facility, named “Navitas USA by Colby,” will be the first majority Black-owned solar manufacturing facility in the U.S., aligning with our values of promoting clean energy and environmental equity.
Q. . Could you elaborate on the key products and services that Navitas Solar offers to its clients?
Navitas Solar offers a comprehensive range of solar solutions, including high-efficiency mono and polycrystalline PV modules, ranging from 500 to 630 watts per panel. We also provide turnkey EPC (Engineering, Procurement, and Construction) services, ensuring seamless project execution from start to finish. Our products are designed to meet diverse energy needs, from residential to large-scale commercial installations.
Q. What initiatives has Navitas Solar undertaken to reduce its carbon footprint and promote environmental responsibility?
We are deeply committed to sustainability and have implemented several initiatives to reduce our carbon footprint. Our manufacturing processes are optimized for energy efficiency, and we use ecofriendly materials wherever possible. Additionally, we have set ambitious targets to further reduce emissions and promote renewable energy adoption through our products and partnerships.
Q. What strategies will Navitas Solar adopt to maintain its competitive edge over the next few years, given the rapidly evolving solar industry?
To stay ahead in the competitive solar industry, we are focusing on continuous innovation, strategic partnerships, and market expansion. Our collaboration with Sustainable Equity and Colby Solar to establish a manufacturing facility in the U.S. is a key part of this strategy. We are also investing in R&D to develop next-generation solar technologies and enhance our product offerings.
Q. Lastly, what message would you like to convey to potential customers and partners visiting the REI Exhibition through our platform?
We invite all potential customers and partners to explore the innovative solutions Navitas Solar has to offer. Our commitment to quality, sustainability, and customer satisfaction sets us apart in the solar industry. We look forward to collaborating with you to create a greener, more sustainable future. Visit our booth at the REI Exhibition, Hall No. 9 to 12, Stall Number R476, to learn more about our latest products and initiatives.
Certifications:
Navitas Solar holds several prestigious certifications that underscore our commitment to quality and safety. These include:
• IEC Certifications: IEC 61215, IEC 61730-1 & 2, IEC 61701 (Salt Mist), IEC PID 62804.
• ISO Certifications: EMS-ISO 14001-2015, OHSAS-ISO 45001, QMS-ISO 9001-2015.
• BIS Certification: BY UL.
• Other Certifications: IS-14286, PID Certificate of 3 Cycles, UL 1703.
Q. EKI Energy is a global leader in Carbon Credit Development and Supply. Could you walk us through the remarkable journey of your brand and how you have achieved this leadership position?
EKI’s journey to becoming a global leader in Carbon Credit Development and Supply is a story of dedication, innovation, and vision. Founded in 2008, EKI started with a deep focus on climate change and carbon offset solutions, and over the years, expanded its operations to 17 countries, serving 3,500+ clients across 40+ nations. The company’s expertise spans sustainability services, net-zero strategies, and carbon asset management, with global standards such as CDM, VCS, and Gold Standard guiding its projects.
In 2022, EKI committed to achieving net-zero by 2030 and aims to mobilize 1 billion credits by 2027. EKI’s clean cooking initiative, recognized globally, and its partnerships, including a joint venture with Shell, have further strengthened its impact. Notable milestones like listing the first plastic project from India with Verra and launching a Rs. 1000 crores Climate Impact Fund underscore its innovative approach. The company’s consistent focus on community-driven projects, naturebased solutions, and maintaining the highest industry standards have propelled it to the forefront of the global carbon market.
EKI also has a number of subsidiaries and associations that take care of other operations along the lines. These include:
GHG Reduction Technologies: It is a subsidiary of EKI that takes care of the research and manufacturing operations for our innovative climate friendly products, like Oorja Improved Cookstove, Oorja Biogas, indoor solar cooking device - Surya Nutan, gravity-based water filter, Eco Neer, bio briquettes, and more.
EKI Power Trading: It is a dynamic and innovative company dedicated to revolutionizing the energy trading sector. With a focus on trading in electricity, renewable energy certificates, carbon credits, and other related products, EPTPL is committed to driving sustainable energy solutions and contributing to a greener future. The company has an inter-state power trading license granted by Central Electricity Regulatory Commission (CERC) under the Indian Ministry of Power under Section 14 of the Electricity Act, 2003 (36 of 2003), with CERC license no. - 107/Trading Licence/2023/ CERC.
WOCE Solutions: Founded in May 2022, the company offers a blend of consulting (WOCE Consulting) and technology (WOCE LABS) solutions that include defining sustainability strategy and roadmaps and regulatory compliance solutions, sustainability education and training, as well as a platform and product suite for sustainability measurement (scope 1, 2, and 3 emissions reporting), analytics, and performance tracking.
Amrut Nature Solutions: This subsidiary of EKI focuses on implementing Nature-based Solutions (NBS) across India. The joint venture with Netherlandsbased Shell Group, supports biodiversity conservation through sustainable farming, forestation, wetland, and grassland restoration. It also offers consultancy services to develop NBS projects that generate carbon credits for global markets.
Galaxy Certifications Services: At Galaxy Certification Services Private Limited, we are the driving force behind businesses’ pursuit of excellence, sustainability, and compliance. With a legacy of unwavering dedication, we have established ourselves as industry leaders in the realms of certification, inspection, and sustainability solutions.
Q.Can you elaborate on EKI Energy’s offerings in sustainability and Net Zero services, and how they support businesses in their environmental goals?
Sustainability and Net Zero Services:
AA1000 AS assurance providers by Accountability
Globally best provider of verification and assurance services for environmental risk accounting and appropriate management – GHG inventory, Sustainability reports, CDP Disclosure, Neutrality statements.
Climate Change Services
We offer a world-class bouquet of comprehensive solutions that are climate positive. This includes strategic consultations and end-to-end offerings that can empower businesses in their climate ambition(s) and net-zero goals.
• Climate change mitigation & adaptation
• Climate Policy development & target setting
• GHG Accounting / Carbon Foot printing for Corporates, Companies, Projects, Products, Events
• GHG Scope 3 emission inventory services
• GHG Portfolio emissions inventory for Financial Institutions
• Carbon Neutrality Services • Carbon-neutral product offerings
• Net zero Services
• Decarbonization roadmap for energy intensive sectors
• Technical support for CDP Disclosure
• Technical support for TCFD disclosure
• Climate risk assessment with scenario mapping (Qualitative & Quantitative)
• Technical support for Science Based Target setting (SBTi) & Target validation
• SBTi Net Zero standard & Target validation
• ISO 14064 implementation
Sustainability and ESG services
We offer strategic solutions for sustainability and ESG mandates with a step-by-step guide to enable businesses to future-proof their climate action roadmap.
• Sustainability strategy and road map development
• Policy development & target setting
• Stakeholder engagement and materiality assessment
• ESG rating improvements
• Sustainability Reporting (Advisory on corporate reporting based GRI framework, Business Responsibility & Sustainability reporting (BRSR), Integrated Reporting (IR) based on framework, Carbon Disclosure Project (CDP), UN Sustainable Development Goals (UN SDGs)/ Integrated reporting, TCFD & SASB)
• Verification and assurance services
Sustainable supply chain services
No climate initiative can be complete without the successful implementation of sustainable practices across operations. We enable organizations in an efficient management of their supply chain for emission reduction.
• Sustainable Sourcing
• Green Vendor evaluation, management & engagement
• Supply chain emission reductions
• Customer engagement
• Green Logistics & Packaging
Green certification & resource efficiency services
We champion International standards of green credentials and certifications through customized green rating programs and guidelines for enhanced resource efficiency.
• Green Company ratings
• Green Product ratings
• Green Building ratings
• Net Zero certifications
• Water foot printing & Waste audit
• Life Cycle assessment
• Airport Carbon accreditation (ACA)
• ISO 14001 & 50001 implementation
How will it help businesses in their environment goals:
• Tailored Solutions: EKI works closely with businesses to understand their unique needs and develop customized solutions.
• Global Expertise: EKI’s team of experts has extensive knowledge of sustainability and climate change regulations, standards, and best practices.
• Comprehensive Approach: EKI offers a holistic approach to sustainability, addressing both carbon emissions reduction and positive environmental impact.
• Measurable Results: They provide businesses with clear metrics and reporting to track progress towards their environmental goals.
Q.Please provide insights into the unique aspects of EKI’s Offsets Portfolio Management Services and how these services contribute to achieving carbon neutrality for your clients.
EKI’s Offsets Portfolio Management Services has a comprehensive approach to achieving carbon neutrality. It includes end-to-end management of carbon projects, from development and accreditation to carbon credit investment and trading. EKI’s portfolio includes a diverse range of project types, ensuring flexibility for clients.
By offering tailored solutions and supporting sustainable development, EKI helps businesses effectively offset their emissions. EKI’s expertise in project development, accreditation, and portfolio management makes it a valuable partner for organizations seeking to reduce their environmental impact.
Whether a company is looking to offset its emissions, support sustainable development, or enhance your environmental reputation, EKI Energy’s Offsets Portfolio Management Services has 360 degrees solutions you need.
Q.What have been some of the major milestones EKI Energy has achieved over the past five years?
1. We have consistently been, by volume, among the top 3 carbon credit companies globally
2. We are one of the largest promoters of clean cooking integrated with carbon finance globally
3. The first-ever improved biomass cookstove project registered and verified in Asia under VERRA’s SD VISta
4. MoUs with Europe and Azerbaijan-based FARI Solutions, Ghana-based conglomerate Jospong Group of Companies, expanding our footprints globally
5. Started clean cooking initiative, manufacturing and deploying our own improved cookstoves, IOCLdeveloped indoor solar cooking device, ‘Surya Nutan’, gravity-based water filter - Eco Neer, started biogas projects for promoting sustainable agriculture, bio briquettes manufacturing plant for the production of environment-friendly alternative to wood as a fuel.
6. Listed among Fortune Next 500 Companies, 2 years in a row
7. Partnered with Bursa Malaysia
8. 3000+ Clients in 40+ Nations
9. 1000+ projects executed and counting
10. 500+ employees and growing
11. 180+million credits monetized as on date
Q. Looking ahead to 2024, what are the top three technological advancements we can expect from EKI Energy?
EKI is not a technology developer. Its expertise lies in carbon project development, carbon project procedures, and monetization of environmental derivatives/carbon derivatives. It is in line with helping state-of-theart technologies that contribute to climate action, in getting green finance.
EKI is looking forward to hold hands with novel technology developers in the space of carbon removal, bio engineering carbon capture and storage (BECCS), Hydrogen and its derivatives, and sustainable aviation fuel, etc. to help them in acquiring green finance through carbon market participation/ESG-based green bonds. We are also making strides in the clean cooking sector by making the distribution of improved cookstoves commercially viable and a self-sustained initiative. This was done with development and production of improved cookstoves and also state-of-the-art indoor solar cooking device, called Surya Nutan, in association with IOCL.
Q.Could you tell us more about your key projects and the prominent clients you are currently serving?
Royal Dutch Shell PLC, Vitol, Macquarie Group Ltd, Zomato, Nestle, Indian Oil Corporation Ltd, KEC International Ltd, SIDBI, Indraprastha Gas Ltd, International Water Management Institute ,Adani Group, SembCorp, Shapoorji Pallonji Group
Q.EKI Energy is contributing to India’s ambitious target of achieving 280 GW solar energy capacity by 2030. Can you share how your company is supporting this mission?
EKI has played a big role in India’s renewable energy growth by enabling a significant portion of the country’s renewable energy projects through carbon finance. As one of the largest contributors to renewable energy (RE) projects, EKI has facilitated RE development by providing essential carbon finance. The company continues to support India’s ambitious 280 GW solar energy target by backing emerging technologies such as green hydrogen and electric vehicles (EVs), helping them develop carbon projects and access green finance, further driving the transition to sustainable energy solutions.
Q.What is the core philosophy behind EKI Group, and could you explain the meaning and vision behind your tagline, “Steering the Planet to Net Zero”?
The core philosophy of EKI Group is centered around sustainability and global leadership in carbon management solutions. With our largest chunk of services focused on carbon offsets, project development related to that, and its overall management, we understand that sudden decarbonization is not practical and eventually there will be some level of emissions. This is why our goal, our vision, our mission all is focused on making our planet’s emissions net zero. Along with this, we do not just participate in the journey to a net-zero planet, but we are leading from the front and steering the planet to this crucial, nonoptional goal.
EKI’s focus is on helping organizations reduce their carbon footprints and transition towards a more climate-resilient future. The tagline “Steering the Planet to Net Zero” reflects EKI’s commitment to driving the world toward achieving net-zero carbon emissions. It signifies the company’s vision to lead efforts in reducing greenhouse gas emissions, promoting clean energy solutions, and fostering environmental responsibility. Through innovative carbon management strategies, EKI aims to contribute to a sustainable, carbon-neutral global economy
NOVASYS has expanded its manufacturing capacity by 100% year-on-year, and today, in 6 years, it has reached 600 MW. Opacity from 100 MW and further expanding it to 5 times from current capacity.
Q.What sets Novasys apart in the competitive renewables landscape? What unique advantages does your brand offer?
NOVASYS Greenergy Pvt. Ltd. is very much focused on providing best quality product and services. Our manufacturing automation level is of world class that makes us world class and edge us over other manufacturers.
Q.How does Novasys innovate to shape the future while sustaining both the environment and cultural values?
Our approach towards keeping environment clean and green, keep us engaged in innovating and producing highest efficiency solar panels for India as well as entire world. Being Indian makes us service oriented and committed to keep our cultural value above earnings.
Q.What is Novasys’ current manufacturing capacity, and how do you plan to expand it over the next five years?
Our current manufacturing capacity is 600MW and very soon we are expanding to 3GW.
Q.Can you highlight the unique features of your Rigel Plus and Alpha Plus series?
NOVASYS Alpha plus and Rigel have set a unique standard or record of generating 6.5 & 6.9units/ kw on a particular day which proves our product quality and commitment.
Q.What are some of the significant milestones Novasys has achieved in the last five years?
NOVASYS has expanded its manufacturing capacity by 100% year on year and today in 6 years. It has reached 600MW and further expanding it by 5 times to make it 3GW by 25-26.
Q.What innovations or developments can we expect from Novasys in 2024?
In 2024, we are launching TopCon Glass to Transparent as well as Glass to Glass Solar Panels with singe size of panel wattage upto 650Wp.
Q.In your opinion, how can India’s renewable energy sector unlock the path to net zero emissions?
Our govt is committed to achieve net zero by 2050 and NOVASYS is very much part of it. We are adopting latest technology to produce highest efficiency panels and expanding our capacity by 4 folds.
Q.What commitments does Novasys have toward environmental preservation and promoting energy efficiency?
As said earlier, we are committed to provide latest and highest efficiency Solar panels to India market and increase our network through out the country, with our best product at very competitive price.
Q. What are Microtek’s key goals in the solar energy sector, and how does the company differentiate itself from its competitors?
Microtek is a leading player in power back up industry since 1986 and has its sales and service operations PAN India.
It has been almost a decade now when we entered into solar products and solutions to cater to market growing needs.
Today we are among leading market players in solar energy sector PAN India and offer a wide range of solar products and solutions in off grid , on grid and Battery energy storage solutions.
We have a strong and wide spread network of distributors and retailers to reach every nook and corner of the country.
we have our own after sales service centres and team to ensure faster response and quality service to our consumers.
Our products are BIS certified .Our key objective is to promote solar energy and gain sizable market share in Solar Rooftop segment.
Q.How does Microtek ensure that its products remain at the forefront of solar technology?
We have our own Global RnD Centre to design and develop most innovative, energy efficient and cost effective products using most advanced state of the art technology.
We have highly professional and well qualified and experienced team of Engineers in our RnD department.
We have multiple state of the art manufacturing plants having very high level of backward integration to ensure quality and reliability of our products at optimized cost.
World class inhouse test lab make sure our products are highly reliable and safe .
Q. What are the primary factors that influence the design and development of your solar products?
Being Market leader it is our imperative to always focus on futuristic design, Features, economical and user friendly design and development of our products.
Q. Could you provide a detailed overview of the solar products that Microtek offers to both retail and commercial customers?
We offer complete range of off grid and on grid products for use of residential, commercial and industrial segments.
Our off grid range offers Solar PCU from 0.9 KVA up to 10KVA and customers have a choice to select MPPT or PWM technology Solar Batteries (C10) range is from 20AH up to 200AH. We have wide range of Solar panels rating from 40 Watt up to 550 Watt .
Our 540 Watts onwards solar panels are based on latest technology of half cut mono perc and bi-facial solar cell giving fast pay back period to consumers.
Our MPPT Solar PCUs are True MPPT based Technology to ensure maximum extraction of solar energy from Solar Panels.
We have wide range of on grid inverters starting from 1 Kw up to 250 Kw covering needs of all kinds of consumers ( Residential , commercial , industrial etc.
We also have a very innovative product range called solar conversion kits. These are designed and developed for those consumers who want to convert their existing non solar inverters and battery into solar system.
We are into complete rooftop solutions for consumers in on grid as well as off grid marker.
Our on grid rooftop solutions have been a big hit among residential consumers under PM Surya Ghar Bijli Yojana where consumers are getting subsidy from Govt. We have large base of On grid rooftop solution in Commercial and industrial segments.
Our on grid inverters are having 10 years onsite warranty giving complete peace of mind to consumers.
Q.What specific initiatives has Microtek implemented to reduce its carbon footprint?
Efficiency of solar products play a very important role in ensuring optimum use of green energy and hence Reduction carbon footprints.
Our focus is always to design and develop high efficiency products . Many of our offices are running on solar power.
Q.What are Microtek’s objectives and strategies for expanding its product offerings and entering new markets in the future?
Our key objective is to gain sizable market share in the Solar energy segment . We are leveraging our wide spread distribution network and strong in house infrastructure of the Sales and service team.
We are growing in both segments of off grid as well as on grid rooftop solutions.
We will keep on launching the latest technology solar panels, on grid inverters and off grid PCUs.
We regularly review market needs to design and develop futuristic products
Q.Could you please provide an overview of your company and highlight significant milestones achieved over the past year?
At Insolation Energy Limited (INA Solar), we’re at the cutting edge of solar innovation. As a BSE SMElisted leader, we manufacture high-performance solar panels, batteries, and PCUs. With over 7 years of excellence, our Jaipur units currently produce 950 MW, expanding to 4000 MW by 2024-25, and we plan new units for 1400 MW solar cells and 12,000 metric tons of aluminum frames by 2025-26.
We will be introducing N-Type TOPCon modules with our new expansion of capacities and have been named among the Top 10 Solar Companies in India. INA Solar ranks 1st among BSE SME and NSE Emerge listed companies, and 757th among India’s top 1000 companies by market cap (Rs 3412.07 Cr). Globally, we lead with the #1 Financial Stability ranking by SINOVOLTAICS.
Our impact includes over 10,000 clients, 600 projects, and 700+ channel partners. We’re committed to India’s Net-Zero vision, having supplied over 700 MW through major government schemes. Recognized with prestigious awards, our motto, “Together We Shine,” reflects our dedication to innovation and sustainability.
Q.In what ways does your company differentiate itself from other players in the energy sector?
Insolation Energy Limited (INA Solar) distinguishes itself from other players in the energy sector through several key factors:
1. Innovative Technology: We lead with advanced solar technology, including our upcoming N-Type TOPCon panels, which set new standards for efficiency and performance in the industry.
2. Impressive Manufacturing Scale: With over 7 years of expertise, we operate two highcapacity manufacturing units in Jaipur, currently producing 950 MW, with plans to expand to 4000 MW by 2024-25. We are also adding new facilities for solar cells and aluminum frames, underscoring our commitment to scaling production and meeting market demand.
3. Global and National Recognition: INA Solar ranks among the Top 10 Solar Companies in India and leads in market capitalization and financial stability, holding the 1st position among BSE SME and NSE Emerge listed companies and the 757th spot among India’s top 1000 companies. Internationally, we are recognized as #1 in financial stability by SINOVOLTAICS.
4. Extensive Client and Project Network: Our robust network includes over 10,000 clients and 600 completed projects, supported by more than 700 channel partners across 100+ districts, reflecting our broad industry reach and successful project execution.
5. Commitment to Sustainability: We align with India’s Net-Zero vision by 2070, having supplied over 700 MW through key government schemes. Our products adhere to international standards (ISO, UL, ALMM, CE, BIS), and we emphasize eco-friendly manufacturing practices.
6. Award-Winning Excellence: We have been honored with numerous awards, including the ET Leadership Excellence Award 2023 and Dubai’s Radio City Business Titans Award, reflecting our industry leadership and commitment to innovation. These differentiators position INA Solar as a forward-thinking leader in the renewable energy sector, committed to technological advancement, sustainability, and broad industry impact.
Q.What innovative technologies or products will your company be showcasing at the REI Expo 2024?
At the REI Expo 2024, Insolation Energy Limited (INA Solar) is excited to showcase our groundbreaking Glass-to-Glass (G2G) solar module featuring advanced N-Type technology. This innovative module boasts an impressive 630Wp power output, setting new benchmarks in efficiency and durability.
Key Features of Our Glass-to-Glass N-Type Module:
• High Power Output: The 630Wp capacity ensures superior energy generation and efficiency, optimizing performance for both residential and commercial applications.
• Enhanced Durability: The G2G design provides robust protection and longevity, enhancing the module’s resistance to environmental factors and extending its operational life.
• Advanced N-Type Technology: Leveraging the latest in N-Type technology, this module offers improved energy conversion rates and greater overall efficiency compared to traditional designs. We look forward to demonstrating how this cuttingedge product can advance the renewable energy landscape and meet the growing demands for highperformance solar solutions.
Q.How is your company addressing the current challenges faced by the renewable energy sector?
Insolation Energy Limited (INA Solar) is actively addressing the current challenges faced by the renewable energy sector through several strategic initiatives:
1.Innovative Technology Deployment:
• We are leading the way with our advanced Glassto-Glass (G2G) solar modules featuring N-Type technology. These high-efficiency modules, with a power output of 630Wp, address the need for improved performance and durability in solar energy solutions.
2. Scaling Production Capacity:
• To meet the growing demand and ensure reliability, we are expanding our manufacturing capabilities. Our Jaipur facilities, with a current capacity of 950 MW, will increase to 4000 MW by 2024-25. Additionally, we are planning new units for solar cells and aluminum frames, aiming for 1400 MW and 12,000 metric tons respectively by 2025-26.
3. Sustainability and Eco-Friendly Practices:
• We are committed to reducing our environmental impact through eco-friendly manufacturing practices. Our products adhere to international standards (ISO, UL, ALMM, CE, BIS), and we focus on minimizing waste and optimizing resource use.
4. Financial Stability and Market Leadership:
• We are addressing market volatility and financial uncertainty by maintaining strong financial health. INA Solar ranks 1st among BSE SME and NSE Emerge listed companies and has been recognized globally for financial stability, reflecting our robust business model and resilience.
5. Government Collaboration and Policy Alignment:
• By actively participating in key government schemes such as JJM, SECI, and PM Kusum Yojana, we are contributing to large-scale renewable energy projects and supporting India’s Net-Zero vision by 2070.
6. Expanding Industry Reach and Strategic Partnerships:
• Our strategic partnership with the Lucknow Super Giants for IPL Season 17-2024 highlights our commitment to promoting solar energy in prominent platforms, broadening our outreach, and increasing public awareness.
7. Enhanced Customer Support and Network:
• We have built a strong network of over 10,000 clients, 600 completed projects, and 700+ channel partners. This extensive network ensures efficient delivery, customer support, and effective project execution. Through these measures, INA Solar is tackling the challenges of efficiency, production scalability, sustainability, financial stability, and market outreach, driving progress in the renewable energy sector.
Q.What are the key goals and prospects for your company in the coming year?
In the coming year, Insolation Energy Limited (INA Solar) has set several key goals and prospects to drive growth and innovation in the renewable energy sector:
1. Expand Production Capacity:
• Increase Manufacturing Output: We aim to boost our production capacity from 950 MW to 4000 MW by the end of 2024-25. Additionally, we plan to set up new units for solar cells with a 1400 MW capacity and aluminum frames with a 12,000 metric ton annual capacity by 2025-26.
2. Launch Advanced Technologies:
• Showcase New Products: We will introduce our pioneering Glass-to-Glass (G2G) solar modules featuring N-Type technology with a power output of 630Wp. This launch will highlight our commitment to technological advancement and improved efficiency
3. Enhance Sustainability Efforts:
• Commit to Eco-Friendly Practices: We will continue to focus on sustainability by refining our eco-friendly manufacturing processes and adhering to international standards. Our goal is to further align with India’s Net-Zero emissions target by 2070 and contribute to large-scale renewable energy projects.
4. Strengthen Market Position:
• Solidify Industry Leadership: Building on our current position as a top solar company in India and globally, we aim to maintain and enhance our rankings. We will also leverage our financial stability and industry awards to reinforce our leadership and market presence.
5. Expand Strategic Partnerships:
• Broaden Industry Reach: We will seek new strategic partnerships and collaborations to expand our influence and promote solar energy adoption. Our partnership with the Lucknow Super Giants for IPL Season 17-2024 is just one example of our approach to increasing visibility and engagement.
6. Drive Customer Satisfaction and Network Growth:
• Enhance Service and Support: We will continue to build on our extensive network of over 10,000 clients, 600 completed projects, and 700+ channel partners. Our focus will be on improving customer support and expanding our project execution capabilities.
7. Innovate and Diversify Offerings:
• Introduce New Solutions: We will explore and develop additional innovative products and solutions to meet emerging market needs and address evolving challenges in the renewable energy sector.
By pursuing these goals, INA Solar aims to advance its position as a leader in the renewable energy industry, drive sustainable growth, and contribute significantly to the global transition towards clean energy.
Q.How is your company preparing to adapt to future technological advancements and market changes?
Insolation Energy Limited (INA Solar) is proactively preparing to adapt to future technological advancements and market changes through several strategic approaches:
1. Investment in Research and Development:
• Continuous Innovation: We are heavily investing in R&D to stay ahead of technological trends and develop next-generation solar technologies. Our focus on innovations such as the Glass-toGlass (G2G) modules with N-Type technology demonstrates our commitment to integrating cutting-edge solutions.
2. Scaling Production Capabilities:
• Expansion Plans: By significantly increasing our manufacturing capacity to 4000 MW by 2024- 25 and adding new units for solar cells and aluminum frames, we are positioning ourselves to meet growing market demands and adapt to technological shifts.
3. Adoption of Emerging Technologies:
• Advanced Technologies: We are preparing to incorporate the latest advancements in solar technology, including high-efficiency modules and energy storage solutions. This ensures that we remain competitive and offer state-of-theart products to our customers.
4. Focus on Sustainability:
• Eco-Friendly Practices: We are committed to enhancing our sustainability efforts by refining our manufacturing processes and adhering to international standards. Our alignment with India’s Net-Zero emissions target by 2070 reflects our long-term vision for environmental responsibility.
5. Agile Market Response:
• Adaptive Strategies: We continuously monitor market trends and technological advancements to adjust our strategies and product offerings accordingly. This agility allows us to respond effectively to changes in the market and emerging opportunities.
6. Enhancing Customer Experience:
• Improved Support and Services: We are investing in customer support and service enhancements to better meet the evolving needs of our clients. Our extensive network of clients and partners will benefit from our focus on delivering highquality and reliable solutions. By focusing on these areas, INA Solar is wellpositioned to navigate future technological advancements and market changes, ensuring sustained growth and leadership in the renewable energy sector.
Q.What challenges and visions do your company foresee for the future?
Challenges and Visions for Insolation Energy Limited (INA Solar)
Challenges:
1. Technological Evolution:
• Staying Ahead: Rapid advancements in solar technology and the need for continuous innovation pose a challenge. Maintaining competitiveness requires ongoing investment in R&D and the ability to integrate new technologies effectively.
2. Market Volatility:
• Economic Fluctuations: Fluctuations in raw material costs and market demand can impact profitability. Adapting to these changes while managing supply chain and production costs is crucial.
3. Regulatory Changes:
• Compliance and Adaptation: Navigating evolving regulations and policies related to renewable energy can be complex. Staying compliant while adapting to new standards and government schemes requires agility and foresight.
4. Sustainability Pressure:
• Environmental Responsibility: Meeting growing demands for sustainability and reducing carbon footprints in manufacturing processes requires continuous improvements and innovations in eco-friendly practices.
5. Global Competition:
• Intense Competition: The global solar market is highly competitive, with numerous players entering the space. Differentiating our products and maintaining market leadership amid intense competition is a significant challenge.
Visions:
1. Technological Leadership:
• Innovative Solutions: Our vision is to be at the forefront of solar technology, introducing advanced products like the Glass-to-Glass (G2G) modules with N-Type technology. We aim to drive the industry forward with cuttingedge innovations and high-efficiency solutions.
2. Sustainable Growth:
• Environmental Impact: We are committed to contributing to a sustainable future by aligning with India’s Net-Zero emissions target by 2070. Our focus on eco-friendly manufacturing and energy solutions underscores our commitment to environmental stewardship.
3. Global Expansion:
• Market Reach: Expanding our global footprint is a key vision. By enhancing our international presence and forging strategic partnerships, we aim to tap into new markets and strengthen our global position.
4. Operational Excellence:
• Enhanced Capacity: We plan to increase our production capacity significantly, aiming for 4000 MW by 2024-25 and establishing new facilities for solar cells and aluminum frames. This expansion supports our vision of scaling operations to meet growing demand.
5. Customer-Centric Approach:
•Enhanced Support: Our vision includes improving customer support and satisfaction. We aim to provide exceptional service and build long-term relationships with clients through reliable products and effective solutions.
6. Industry Leadership:
• Recognition and Awards: We strive to maintain our position as a leading solar company in India and globally, continuing to achieve recognition through industry awards and maintaining high financial stability.
By addressing these challenges and pursuing these visions, INA Solar is positioned to navigate the evolving landscape of the renewable energy sector, ensuring sustained growth and a significant impact on the global energy transition.
Q.Dr. Patel, could you provide us with an overview of your current renewable energy projects?
Certainly! KP Group has grown to become one of India’s leading renewable power generating companies. We have 35 companies under our umbrella, with three major ones dedicated to renewables. Our flagship, KPI Green Energy Limited, operates in both solar and hybrid projects as an Independent Power Producer (IPP) and a Captive Power Producer (CPP). We’re also proud to run Gujarat’s largest private solar park. Additionally, KP Energy is involved in wind projects, while KP Green Engineering supports both companies by providing essential infrastructure and key equipment to GETCO.
We are on a mission to install 10 GW of renewable energy projects by 2030. Right now, we’re Gujarat’s top BOP wind solution provider, with a portfolio exceeding 1.8 GW. Our current project portfolio spans more than 38 sites with a total capacity of 4.6 GW, which includes solar and hybrid (solar + wind) projects, as of August 14, 2024. We are also working on additional projects that bring our total to over 2.6 GW.
Q.How does KP Group ensure efficiency and sustainability in your energy generation processes?
Since KP Group’s inception, efficiency and sustainability have been at the heart of our operations. To stay ahead of the curve, we’ve adopted advanced technologies like bifacial solar panels, single-axis sun trackers, and robotic cleaning systems. These technologies significantly optimize energy generation, ensuring our clients see tangible benefits.
In wind projects, we were the first to install wind turbines in South Gujarat, demonstrating our commitment to innovation. Moreover, we focus on optimizing resources and reducing losses throughout the lifecycle of our renewable projects. Whether it’s solar or wind, we manage a wide range of renewable projects, including solar projects in the C&I segment, EPC, wind projects, and hybrid project development.
Our professional team also runs comprehensive operations and maintenance (O&M) activities, supported by state-of-the-art digital technologies such as SCADA. We ensure continuous 24/7 monitoring through our Network Operating Centre (NOC), preventive maintenance, and fast fault restoration. We’re also proud of the environmental impact assessments and stakeholder engagements that are critical to the long-term success and sustainability of our projects. Our robotic cleaning systems, in particular, have drastically increased efficiency while saving water and reducing overall O&M costs.
Q.What are KP Group’s future expansion plans or upcoming projects?
Just like in the past, we plan to continue expanding aggressively. We are currently working on several exciting projects, including hybrid projects from major players like Aditya Birla, NTPC, INGEL, Ayana, and Apraava. Our C&I portfolio alone has over 100 projects in simultaneous execution.
We have recently secured a 917 MWp IPP solar project and a 100 MW IPP hybrid project from GUVNL. While the work on 240MWp solar project for GUVNL at Khavda, Gujarat is in advanced stages of execution. We also have won 100MW solar project from MAHAGenco, Maharashtra. Hybrid projects are a strategic focus for us as they allow us to leverage our expertise in both solar and wind energy. Our ambitious goal is to achieve a cumulative capacity of 10 GW by 2030. To fuel this growth, we recently raised ?1,300 crore through a Qualified Institutional Placement (QIP), including ?300 crore in the first round and ?1,000 crore in the second.
In addition to solar, wind, and hybrid projects, we are diversifying into green hydrogen. We’re setting up a 1 MW green hydrogen project in Gujarat, which we expect to be operational within this financial year. Also, we are coming up with a new factory at Matar, Bharuch which is going to house Asia’s largest kettle for galvanization and this factory will greatly support our renewable energy engineering requirements.
Q.Are there any upcoming initiatives or partnerships in the renewable energy space?
Absolutely! We are actively working on new initiatives and partnerships. Recently, we signed Memorandums of Understanding (MoUs) with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MahaPreit), the Uttarakhand Government, and the Government of Gujarat through Vibrant Gujarat. These partnerships will not only help us expand geographically but also contribute to the renewable energy targets of various states. On the green hydrogen front, KPI Green Hydrogen & Ammonia recently signed an MoU to advance our work in green hydrogen solutions. This is part of our broader commitment to helping meet global netzero targets.
Q.How does corporate social responsibility (CSR) align with KP Group’s business strategy?
CSR is an integral part of our business strategy. At KP Group, we believe in giving back to society, and our efforts consistently exceed what is mandated by regulations. Through the KP Human Development Foundation, we’ve impacted over 1.25 crore beneficiaries across more than 300 initiatives, spending over ?5.5 crore on humanitarian activities in FY 2023-24. Education is the most focused area that we look forward to by allocating almost 47% of our spending in this sector. Four government and two other adopted schools along with a graduation college for specially abled, is a fine example of the same. KP Human is also building World’s First Old Age Home for specially abled at Bharuch district of Gujarat and will be handing over the project to Disable Welfare Trust of India’s Padmashri Dr. Kanubhai Tailor.
Our CSR initiatives are aligned with sustainable development goals and focus on key areas like education, healthcare, environmental sustainability, and community development. By integrating CSR with our business, we aim to create a lasting social impact while continuing our business growth
Q.What distinguishes Icon Solar in the competitive renewable market? How does your brand maintain its edge?
Icon Solar-En Power Technologies Pvt. Ltd. stands out in the competitive renewable market through its unwavering commitment to sustainability, groundbreaking innovations, and the ability to adapt to changing market demands. We are recognized for setting industry standards and consistently delivering high-value solar panel solutions that benefit both customers and the environment. Our brand maintains its edge by focusing on continuous innovation, investing heavily in research and development, and adhering to the highest quality standards. Additionally, we prioritize customer satisfaction through reliable aftersales service and by staying ahead of industry trends.
Q.How does Icon Solar contribute to a sustainable future for its customers?
Icon Solar contributes to a sustainable future by providing advanced solar Module that significantly reduce carbon footprints and promote energy efficiency. Through the integration of cutting-edge technology and eco-friendly practices, we help customers lower their energy costs while contributing to a cleaner, greener planet.
Q.What is your current manufacturing capacity, and how do you plan to expand over the next five years?
Our current manufacturing capacity is 600 MW. By the end of the financial year 2024, we expect this to increase to 2 GW. Looking ahead, we have ambitious plans to further expand our capacity to 10 GW within the next five years.
Q.Can you elaborate on the unique features and innovative services your solar panels offer?
Icon Solar distinguishes itself in the solar panel manufacturing industry with several unique features:
1. Advanced Panel Technology: We utilize cuttingedge technology in our solar panels, including high-efficiency photovoltaic cells and antireflective coatings, ensuring maximum energy capture and performance, even in low-light conditions.
2. Comprehensive Support: We take pride in offering unparalleled after-sales service to our customers. Our dedicated team is always available to address any inquiries and promptly resolve issues. We are committed to ensuring that your solar panels continue to perform at their best long after installation, providing ongoing support and maintenance to guarantee your complete satisfaction.
Q.How do your SPV products and R&D offerings add value for your customers?
1. High-Performance SPV Products:
• Advanced Technology and Efficiency: Our product lineup includes cutting-edge Mono PERC, Bifacial, and N-type TOPCon solar panels, all engineered to deliver superior efficiency and reliability. These technologies ensure higher energy yield and longterm performance, leading to significant cost savings and enhanced energy independence for our customers.
• Durability: Our Mono PERC, Bifacial, and N-type TOPCon panels are designed to withstand harsh environmental conditions, ensuring long-lasting performance with minimal maintenance, making them a reliable choice for diverse climates and applications.
2. Innovative Research and Development (R&D):
• Next-Generation Solar Technologies: Our dedicated R&D team continually pushes the boundaries of solar technology, focusing on improving the efficiency of our Mono PERC, Bifacial, and N-type TOPCon panels and integrating smart features that enhance overall system performance.
• Customization and Adaptation: Through our advanced R&D efforts, we offer customized solar panel solutions tailored to specific customer needs and environmental conditions, ensuring optimal performance and fit for every application.
3. Sustainability and Environmental Impact:
• Eco-Friendly Innovations: Our commitment to sustainability drives the development of ecofriendly materials and processes, minimizing environmental impact while aligning with our customers’ environmental goals.
• Energy Savings: By continuously enhancing our solar panel technology, we help customers achieve significant energy savings and reduce their carbon footprint, supporting a greener future
4. Support and Innovation:
Continuous Product Evolution: Our ongoing R&D ensures that our Mono PERC, Bifacial, and N-type TOPCon panels evolve with the latest advancements in solar technology, providing customers with state-ofthe-art solutions.
Technical Expertise: Our R&D team offers deep technical expertise, providing valuable insights and ensuring prompt resolution of any technical issues, further enhancing the value of our products.
Q.What are some key milestones Icon Solar has achieved in the past five years?
Over the past five years, Icon Solar-En Power Technologies Pvt. Ltd. has experienced exponential growth, expanding our reach across India with a robust sales and distribution network. Notably, we have established strong distributor partnerships in South India and Western India, significantly enhancing our market presence in these regions. Additionally, we have supplied over 100 MW of solar panels nationwide, secured key government contracts, and formed strategic joint ventures, solidifying our position as a leading player in the solar energy sector.
Q.How can India’s renewable energy sector help achieve net-zero emissions?
India’s renewable energy sector can help achieve netzero emissions by rapidly scaling up solar projects, enhancing energy storage solutions, and fostering green innovations. This will reduce reliance on fossil fuels and lower the national carbon footprint.
Q.What are Icon Solar’s commitments to environmental preservation and energy efficiency?
Icon Solar-En Power Technologies Pvt. Ltd. is committed to environmental preservation by prioritizing sustainable practices, reducing carbon emissions, and promoting energy efficiency. We focus on developing high-efficiency solar panels and implementing ecofriendly initiatives across all our operations.
Q.What is the core philosophy of Icon Solar, and can you tell us more about your Values?
Icon Solar-En Power Technologies Pvt. Ltd. stands firmly on the foundation of sustainable energy innovation. Our “Harvesting the Sun” theme embodies our commitment to converting sunlight into clean, renewable energy, contributing to a greener future. At the heart of EN-ICON, we prioritize Empathy by deeply understanding and addressing our customers’ needs, ensuring we deliver with care and precision. We remain Nimble by quickly adapting to market changes and customer demands, always staying ahead of the curve. Inspire reflects our dedication to fostering innovation and creativity within our team and the industry. Our unwavering Commitment drives us to consistently provide high-quality products and exceptional customer satisfaction. We operate in an Orderly manner, maintaining structure and efficiency in all aspects of our business. Finally, our Nifty approach ensures we deliver smart and effective solutions, making solar energy accessible and efficient for everyone.
Q.How does Icon Solar ensure continuous engagement with existing customers while also attracting new ones?
Icon Solar consistently adds value by delivering innovative solar panel solutions, maintaining strong customer relationships, and offering exceptional post-installation support. Our commitment to quality and sustainability helps attract new customers who seek reliable and eco-friendly energy options.
Q.Which international locations have your panels been installed in?
Our panels have been installed in Sri Lanka, Vietnam and African countries. We are planning for US market distribution, in near future. Q.In which locations across India are your solar panels supplied, and where are your warehouses situated? Our solar panels are supplied across India. Our warehouses are located in 7states, which include South, West, North and East area of India.
Q.What is the new product launched by your company?
Our latest product is the N-type TOPCon solar panel, with a power range of 560 to 620 Wp. It is designed to deliver high efficiency even in lowlight conditions, offering a long lifespan and reliable performance.
Q. In a highly competitive renewable energy market, what makes Gautam Solar stand out?
What unique advantages does your brand offer to customers? Gautam Solar stands out in the competitive renewable energy market by leveraging cuttingedge technology and innovation. We use state-ofthe-art machinery from leading global suppliers and fully automated manufacturing setup with advanced robotics to ensure precision and efficiency. Our commitment to innovation is reflected in our numerous patents and IPs, such as a patent design registration for a solar panel frame design that halves installation time and costs. We are also working in the indigenization of solar production technology in India, aligning with the country’s vision of becoming a solar manufacturing powerhouse. With strict quality control, A+ grade raw materials, and use of AI technology, Gautam Solar ensures the highest standards of performance and reliability.
Q.Can you highlight Gautam Solar’s key focus areas and elaborate on the core philosophy that drives your brand?
Gautam Solar focuses on manufacturing highquality solar panels tailored for large-scale projects, leveraging advanced technology like round ribbon, integrated non-destructive cutting and a fully automated manufacturing setup to deliver reliable and efficient solutions. We have more than 27 years of experience, surpassing the typical 25- year lifetime of a solar PV plant and have been constantly innovating to meet the growing energy demands. Our strong financial foundation ensures long-term sustainability and trust, positioning us as a key player in the Indian solar energy sector. Our core philosophy is driven by a commitment to quality, technological excellence, and empowering a greener future.
Q.Could you walk us through the unique features and innovative services Gautam Solar provides, particularly in the N-Type TopCon Solar Modules segment?
Gautam Solar stands out with its advanced N-Type TopCon Solar Modules, offering higher efficiencies up to 22.84% (590 Wp), lower degradation rates of 1% in first year and 0.4% annually from years 2-30, and better performance in low-light conditions. These modules have a longer lifespan of 30 years and better temperature coefficient of -0.30%/°C, ensuring temperature-resistance, making them ideal for diverse climates. These panels are ALMM & BIS approved and are also certified as per UL & IEC standards. Additionally, these panels also provide BOS Cost Savings of 3.26% and LCOE reduction of 1.56%, providing better ROI on your investment over the lifetime of the plant. Their focus on innovation and reliability sets them apart in the solar industry.
Q. Could you share insights into some of the major projects where Gautam Solar Modules have been successfully deployed?
Gautam Solar modules have been successfully deployed in some major projects. For instance, our high-efficiency solar panels are deployed at Raja Bhoj International Airport in Bhopal. We also supplied 5 MW panels over 2 phases for a 10 MW solar plant in Uttarkashi, Uttarakhand where installation was difficult but our panels generated approximately 16-17% more power than solar plants in surrounding areas, despite experiencing 25% more power cuts. Apart from this, we recently supplied our panels to an EPC company for a 12 MW Utility scale project in Vadodara District, Gujarat. Our panels have also been installed in government buildings like NABARD and FCI in Thiruvananthapuram, Safdarjung Hospital in Delhi, CDTI in Jaipur and NHSRCL’s Building in Ahmedabad. We have also supplied panels for projects by government agencies like Coal India, National Highways Authority of India (NHAI) etc.
Q. What are some of the significant milestones Gautam Solar has achieved over the past five years?
Some of the significant milestones that Gautam Solar has achieved over the past five years include:
• Patents & IPs: Gautam Solar, thoroughly focused on research and innovation, has been granted multiple patents & IPs, including design registrations for a solar panel frame design that halves the number of fasteners used in installation, thus saving both installation time and costs and a tool for bussing process in solar panel manufacturing which reduces the manual labor significantly, and at a fraction of a cost of an Auto Bussing machine.
• Capacity Expansion: Over the last five years, we have greatly expanded our solar module manufacturing capacity and now we are working on adding solar cell manufacturing into the mix, apart from our upcoming module capacity expansion in Bhiwani.
• Launch of multiple products: Gautam Solar has always been pioneers in embracing cuttingedge technology and over the last 5 years, we launched multiple products including Mono PERC full cell panels, Mono PERC Half-Cut cell panels, Mono PERC Bifacial Panels and now we recently launched our latest offering: N-type TOPCon Panels.
Q.What are the top three innovations or advancements we can expect from Gautam Solar in the second half of 2024?
The top three advancements Gautam Solar will deliver in the second half of 2024 include:
1. Expansion of our solar panel manufacturing capacity with our new Bhiwani plant to meet the increasing demand of ALMM-enlisted solar panels. We are expanding to 4 GW cumulative capacity by March 2025.
2. Progress on the development of our solar cell manufacturing facility, set to be operational by April 2026. Although we have a 60 acre land parcel in Bhiwani where our module manufacturing capacity expansion will take place, we are open to considering other locations based on the overall ecosystem. We aim to finalize the location by the year-end.
3. Our efforts to secure a patent design registration for an innovative packaging pallet design, aimed at preventing micro-cracks during transit by securely holding panels in place, even on bumpy roads.
Q.What are the key advantages Gautam Solar offers, and how does the company serve as an energy transition partner for its customers?
Gautam Solar stands out with over 27 years of experience, surpassing the typical power plant lifetime, and a stable, family-owned management structure that allows for long-term decision-making. We leverage the latest technology and fullyautomated manufacturing setup for producing highefficiency panels. Our strong financial background enables us to honor warranty provisions. With a Pan-India presence and certified, high-quality products, we are a reliable partner in driving the energy transition for our customers.
Q.How do you envision India’s renewable energy sector unlocking the path to net-zero emissions, and what role does Gautam Solar play in promoting sustainability?
India’s renewable energy sector is key to achieving net-zero emissions by transitioning to clean, sustainable energy sources. At Gautam Solar, we contribute to this vision by leveraging the latest technology to manufacture high-quality, indigenous solar panels. Our commitment to innovation and local production helps power the future with renewable energy, reducing dependency on fossil fuels and promoting sustainability across the country
Q1: What is the current market presence of DhaSh PV, and how do you plan to expand over the next five years?
DhaSh PV Technologies Limited is strategically positioning itself as a dominant player in the solar PV manufacturing industry with an ambitious plan to reach a 50GW manufacturing capacity of PV junction boxes in India. The construction of a new, state-of-the-art facility in SIRA, Tumkur, is already underway. This unit is not just about scaling PV junction box production; it will also house the manufacturing of 1000km of Solar DC cables and a fully indigenous production line for Made in India diodes. While many companies outline five-year plans, DhaSh is committed to realizing this goal by the end of 2025. This expansion will have a significant impact on the local economy, generating over 2500 new jobs in Karnataka. This bold initiative reflects DhaSh’s unwavering commitment to enhancing India’s solar manufacturing capabilities and contributing to the nation’s renewable energy goals.
Q2: How is DhaSh PV contributing to the creation of green infrastructure for the decarbonization of India's power sector?
DhaSh PV is playing a crucial role in driving the decarbonization of India’s power sector by building robust green infrastructure that aligns with the nation’s commitment to achieving net-zero carbon emissions. The company’s products are designed with sustainability at their core, ensuring that every aspect of their manufacturing process adheres to environmentally friendly practices. DhaSh’s contributions go beyond just providing clean energy solutions; they are actively involved in reducing the carbon footprint of their operations, promoting the use of renewable energy across various sectors. By delivering high-quality, energy-efficient photovoltaic solutions, DhaSh is enabling industries and communities to transition to cleaner energy sources, thereby accelerating India’s journey towards a sustainable and carbon-neutral future.
Q3: Can you share insights on how DhaSh PV has grown over the years and what expansion plans you foresee in the next five years? Please enlighten our readers about your remarkable journey so far.
Since its establishment in 2017, DhaSh PV has experienced exponential growth, evolving from a modest production capacity of a 3GW to a staggering 23GW. The journey began with the production of conventional junction boxes, and the company quickly set itself apart by introducing its flagship product, the TRIO junction box, commonly known as the split junction box. This innovation has been instrumental in positioning DhaSh as a key player in the global solar industry. Today, DhaSh serves over 200 clients across more than 20 countries, solidifying its status as one of the largest non-Chinese solar PV Junction box manufacturing companies in the world. With a rapidly growing team of over 500 employees, DhaSh is aggressively working towards expanding its production capacity to 50GW by the end of 2025. The company’s vision extends beyond just manufacturing;
Q4: What is your current manufacturing capacity, and what are your plans for expansion?
DhaSh PV is currently operating at an impressive manufacturing capacity of around 23GW. However, the company’s ambitions are far from static. With the construction of a new facility in SIRA, Tumkur, DhaSh is poised to significantly ramp up its production capabilities, aiming to achieve a 50GW manufacturing capacity by the end of 2025. This expansion is not just about scaling production; it’s about meeting the growing global demand for high-quality, reliable solar PV products. DhaSh’s commitment to expansion reflects its vision of becoming a leader in the renewable energy sector, offering cutting-edge solutions that drive the global shift towards sustainable energy.
Q5: Could you provide an overview of DhaSh PV's unique offerings, particularly your innovative photovoltaic solutions?
DhaSh PV is renowned for its customer-centric approach, which drives the development of innovative photovoltaic solutions that are both practical and adhere to the highest international standards. The company’s intense focus on research and development has led to the creation of the TRIO Junction box, a product designed to endure the most challenging environments while ensuring long-term durability. DhaSh’s commitment to quality is evident in its products, which are dual certified by IEC and UL, holding the ROHS compliance and system certification like ISO 9001 compliance, with the scope which is inclusive of “Design & Development” of products. These certifications not only underscore the reliability and safety of DhaSh’s offerings but also highlight the company’s dedication to environmental responsibility. By consistently delivering superior products that surpass the quality of Chinese counterparts, DhaSh PV is setting new benchmarks in the solar energy industry and reinforcing its reputation as a global leader in photovoltaic innovation.
Q6: Can you highlight some of the major milestones DhaSh PV has achieved in the last five years?
In the last five years, DhaSh PV has achieved several significant milestones that underscore its position as a leader in the global solar industry. One of the most notable achievements is becoming the world’s largest non-Chinese solar PV company, a remarkable feat that speaks to the company’s relentless pursuit of excellence. We have supplied more than 20GW PV Junction box and exporting over 20+ Countries, a testament to the company’s commitment to supporting the nation’s Make in India initiative. This achievement not only strengthens India’s manufacturing capabilities but also positions DhaSh as a key player in the global renewable energy landscape. These milestones are a reflection of DhaSh’s dedication to innovation, quality, and sustainability, and they pave the way for even greater accomplishments in the years to come.
Q7: What are the top three technological advancements to watch out for from DhaSh PV in 2024?
As DhaSh PV continues to innovate and push the boundaries of solar technology, there are three key technological advancements to watch out for in 2024:
1. Next-Generation TRIO Junction Box & Connectors: Building on the success of its flagship product, DhaSh is set to introduce an enhanced version of the TRIO Junction Box integrated with the advanced version of PV Connectors, designed to offer even greater resilience in extreme environmental conditions while improving overall efficiency and longevity.The next generation Trio Junction Box will be designed for a system voltage of 2000V and a rated current of 35A, while the advanced version of the connector will be rated for 2000V & 45A, helping to optimise the LCOE & BOS costs.
2. Advanced Solar DC Cables: DhaSh is gearing up for further backward integration steps through the onset in manufacturing of e-beam cross-linked xlpo Solar DC cables having low contact resistance, superior conductivity and weatherability properties, which will not only boost the performance of Solar PV systems but also extend their operational life. These cables are expected to set new industry standards when it comes to durability and efficiency.
3.Diode Manufacturing in India: DhaSh is taking a significant step towards self-reliance by catering to the diode manufacturing needs within India. This move not only supports the Make in India initiative but also ensures that DhaSh has complete control over the quality and supply chain of critical components, further enhancing the reliability and performance of its Junction Boxes & accessories.
These advancements are poised to strengthen DhaSh PV’s position as a leader in the solar industry and offer customers cutting-edge solutions that meet the evolving demands of the renewable energy sector.
Q8: How can India's renewable energy sector unlock the era of net-zero emissions?
India is already achieved the decent manufacturing capacity building in solar modules and also in line of increasing its solar cell capacity. However, there is a concerted effort required to build the complete ecosystem including ancillary development wherein ALAM (Approved list of Ancillary Manufactures) and BIS is the need of the hour for all the components required for the solar manufacturing. Further streamlining and putting of duty barriers and bringing ancillary manufacturing also under DCR arena would give a boost to domestic manufacturing.
The country has immense potential in the renewable energy sector, with abundant natural resources and a rapidly growing infrastructure to harness them. However, realizing this potential requires a concerted effort to educate and train the next generation of renewable energy professionals. By investing in education and skills development, India can build a workforce capable of driving innovation and implementing the technologies needed to achieve net-zero emissions. With the right combination of talent, technology, and policy, India can lead the world in the transition to a sustainable and carbon-neutral future.
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. 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.
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