MR. ASHVIN BODA

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 ).