MR. PIYUSH VARIYA

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