India Solar Inverter Market 2020-2026: Market Forecast by Types, System Type, Applications Power Rating, Regions, and Competitive Landscape

Solar Inverter

IndIA SolAR InVERtER mARkEt 2020-2026: mARkEt foRECASt by tyPES, SyStEm tyPE, APPlICAtIonS, PoWER RAtIng, REgIonS, And ComPEtItIVE lAndSCAPE

The India Solar Inverter Market size is projected to grow at a CAGR of 14.4% during 2020-2026F. The Indian solar inverter market grew at a considerable rate during the period 2016-2019 as a result of several government efforts to improve the share of solar power in the country's energy generation mix such as the National Solar Mission by the Government of India targeting 100 GW solar energy by the year 2022. Rising consumer awareness, the growing participation of residential and commercial segments towards solar system installations, supportive government policies & solar schemes, and increasing private sector involvement are the other major factors contributing to the growth of the solar inverter market in India. However, the ongoing pandemic COVID-19 slowed down the growth rate of market revenues during the year 2020 as a result of a decline in market demand in the lockdown phase across the country. Moreover, with the gradual opening of the economy and removal of lockdown measures, the market began to show signs of improvement during the second half of the year and is anticipated to return to a normal growth trajectory in the upcoming years. Increasing environmental awareness, financial support from the government in the form of subsidies, new initiatives and targets for renewable energy launched by the Ministry of New and Renewable Energy (MNRE) would further drive the solar inverter market revenues in India over the coming years. The market is dominated by the utility sector owing to its large-scale solar projects deploying a large number of solar inverters. Further, the commercial segment is estimated to exhibit the highest growth rate during the forecast period. The high growth is attributed to growing solar installations across educational institutes, offices, factories, hospitals, and warehouses. In addition, the residential segment is also exhibiting significant growth with a focus on sustainable development and overlaying the rising power cost in the country. Government initiatives such as the Smart City project, the development of solar parks, and the solar energy subsidy scheme would further accelerate

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the adoption of solar installations across residential and commercial segments. Moreover, among system types, on-grid systems dominated the market in 2019 owing to huge adoption across different applications, whereas, off-grid systems are majorly limited to rural electrification applications only however, growth is expected in coming years. The India solar inverter market report comprehensively covers the market by type, system type, power rating, application and region. The India solar inverter market outlook report provides an unbiased and detailed analysis of the India solar inverter market trends, opportunities, high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics. The choice of the right type of power converters to meet the different requirements for any application has a great influence on the optimum performance, especially in Solar Photovoltaic (PV) systems. In the last two decades, enormous developments have been taking place in PV systems in power electronics domain to meet the utility/load requirements from the low voltage, non-linear, and highly sensitive (to environmental conditions) power source (solar PV module/ array). In particular, many inverter topologies have been introduced to incorporate the several unique features to fulfil PV system requirements, such as (a) intrinsic boost capabilities, (b) isolation, (c) high efficiency, (d) good power decoupling, (e) dual grounding function, (f) single stage solar power conversion capabilities, (g) compact design and (h) good power quality, for both stand-alone and grid-connected applications. Since, inverter is an essential part in PV systems, a large number of research publications have been published with new topologies/modifications, which leads to this persuasion of a critical review. In this manuscript, a detailed analysis and classification about all the inverter attributes are presented for the 45 reviewed topologies, intended to serve as an expedient reference for selecting best power converter for a specific requirement in PV systems. Inverters play a crucial role in any solar energy system and are often considered to be the brains of a project, whether it’s a 2-kW residential system or a 5-MW utility power plant. An inverter’s basic function is to “invert” the direct current (DC) output into alternating current (AC). AC is the standard used by all commercial appliances, which is why many view inverters as the “gateway” between the photovoltaic (PV) system and the energy off-taker. Inverter technologies have advanced significantly, such that in addition to converting DC to AC, they provide a number of other capabilities and services to ensure that the inverter can operate at an optimal performance level, such as data monitoring, advanced utility controls, applications and system design engineering. Inverter manufacturers also provide post-installation services that are integral to maintaining energy production and a high level of performance for the project, including preventative maintenance, O&M services and a quick mean time to repair (MTTR). As the price of modules fall, inverters and additional system components have become a focus in price reduction for EPCs looking for a new competitive edge. As a result, inverter manufacturers are continually trying to drive down the cost curve of products. Some companies have been able to do that successfully with modifications to manufacturing strategies and building additional manufacturing facilities within emerging solar markets. Additionally, companies have taken the core concept of “design for manufacturability”—meaning they design a product with ease of manufacturing in mind—to design inverter products that are quicker and cheaper to produce, without sacrificing performance. Inverter manufacturers have also been able to achieve lower-cost success through well-maintained partnerships with vendors. The continued challenge of providing higher and higher value at lower cost is something the industry must work to overcome. Grid integration and inverters High PV penetration and the impact it will have on our aging electric grid is another challenge the entire solar industry faces. The challenge itself isn’t specific to inverters, but the solution may be entirely inverter-driven. Because inverters serve as a gateway to the system, advanced utility controls, such as low-voltage ride through, can help mitigate the issues that stem from higher PV penetration on the grid, such as predictability of output and distributed generation. These functions help ease the transition as more solar is built, without the need for major and expensive infrastructure upgrades. Utilities are keen to support the development and use of inverters with the most proven functionalities when it comes to grid interconnection. Design flexibility Given the growth in distributed generation projects along with continued development of utility-scale projects, solar project

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developers are seeking inverter manufacturers that can provide a robust suite of commercial products and technology topologies. A flexible inverter manufacturer can offer a centralized and decentralized inverter design, referring to an architecture that uses multiple inverters throughout a project to achieve the lowest levelized cost of energy (LCOE) possible. Although there’s still growing demand for a common system architecture using a centralized inverter, designing in three-phase string inverters for a decentralized PV system design is gaining in popularity. This is particularly true in commercial applications where space is at a premium or in an odd form. Inverters have evolved from much more than simply inverting the electrical currents of a solar energy system. Inverters must continue to innovate and bring down cost, while maintaining key attributes for a solar energy system (reliability, efficiency and features such as data monitoring), in order to drive more PV penetration. The government’s promise to deliver ‘24x 7 powers for all’ would reap edges for the ability back-up trade. The inverterbattery phase expects additive growth of near to ten per cent annually within the returning years as additional households, urban and rural, get electricity connections. The trade estimates the market size at 5 million inverters and twelve mn batteries annually. “The market grows between 5 and ten per cent each year,” aforementioned Associate in Nursing govt. Others say as grid electricity reaches tier-2 and tier-3 cities, and rural households, it spurs demand for back-up. “We mostly expect growth to still be in line with the past 5 years in inverters and batteries and of over twenty five per cent (annually) in star,” aforementioned Vipul Sabharwal, administrator (MD), aglow Power Technologies. Aforementioned tier-3 and tier-4 cities and interior markets would grow quicker than the larger cities and top-tier cities. Aglow has full-grown by fifteen per cent annually in recent years. “Power generation isn't a problem within the country; accessibility is. There square measure infrastructural problems in reliable power offer. Power storage would emerge as a significant business and also the demand for inverters-batteries goes to simply grow. With renewable energy returning, storage is required quite ever, whether or not domestic or business,” aforementioned Kunwer Sachdev, MD at Su-Kam. One major addition within the back-up phase is solar-based solutions. Sabharwal aforementioned within the past 3 years, the expansion of such systems had hyperbolic by thirty per cent annually. Sachdev says star storage would see the best growth among all segments. For Su-Kam over the past 3 years, it's been a one hundred per cent combined annual growth. With increasing whole consciousness, the unregulated market of native batteries has fallen considerably. The share of the unregulated phase is near to forty per cent of the market, largely in tier-3 cities and rural areas. At a similar, it's phased out diesel gensets, that accustomed be major

competition until fairly recently. Experts say that with the exception of business units like medium towers and little manufactory units, the inverter-battery has tired the diesel genset market from the domestic phase. A start of Solar Inverter in India: A star electrical converter or PV electrical converter could be a kind of convertor that converts the variable DC (DC) output of an electrical phenomenon (PV) solar battery into utility frequency electricity (AC) which will be fed into an advertisement electrical grid or employed by an area, off-grid electrical network. It’s an essential balance of system & 40; BOS & 41:- component in an exceedingly electrical phenomenon system, permitting the employment of normal AC-powered instrumentality. Solar energy inverters have special functions tailored to be used with electrical phenomenon arrays, together with most wall plug trailing and anti-islanding protection. Classification Solar inverters are also classified into 3 broad types: Stand-alone inverters, employed in isolated systems wherever the electrical converter attracts its DC energy from batteries charged by electrical phenomenon arrays. Several complete inverters conjointly incorporate integral battery chargers to make full the battery from AN AC supply, once accessible. Commonly these don't interface in any means with the utility grid, and in and of it, aren't needed to possess anti-islanding protection. Grid-tie inverters, that match section with a utility-supplied wave. Grid-tie inverters are designed to close up mechanically upon loss of utility offer, for safety reasons. They are doing not offer backup power throughout utility outages. Battery backup inverters, are special inverters that are designed to draw energy from A battery, manage the battery charge via AN aboard charger, and export excess energy to the utility grid. These inverters are capable of supply AC energy to choose masses throughout a utility outage, and are needed to possess anti-islanding protection. Maximum wall plug trailing Solar inverters use most wall plug trailing (MPPT) to urge the most attainable power from the PV array. Star cells have a fancy relationship between star irradiation, temperature and total resistance that produces a non-linear output potency called the I-V curve. It’s the aim of the MPPT system to sample the output of the cells and verify a resistance (load) to get most power for any given environmental conditions. The fill issue, additional normally identified by its abbreviation FF, could be a parameter that, in conjunction with the circuit voltage (Voc) and short current (Isc) of the panel, determines the most power from a electric cell. Fill issue is outlined because the magnitude relation of the most power from the electric cell to the merchandise of Voc and Isc. There are 3 main sorts of MPPT algorithms: perturb-andobserve, progressive electrical phenomenon and constant voltage. The primary 2 ways are usually noted as hill rise methods; they consider the curve of power planned against voltage rising to the left of the most wall plug, and falling on the correct. Solar micro-inverters Solar micro-inverter is an electrical converter designed to control with one PV module. The micro-inverter converts the DC output from every panel into electricity. Its style permits parallel association of multiple, freelance units in an exceedingly standard means. Micro-inverter blessings embrace single panel power optimization, freelance operation of every panel, plug-and play installation, improved installation and fireplace safety, decreased prices with system style and stock reduction. A 2011 study at geographic area State University reports that individual integrated electrical converter setup yielded concerning two hundredth additional power in unshaped conditions and twenty seventh additional power in shaded conditions compared to string connected setup mistreatment one electrical converter. Each setup used identical star panels. Grid tied star inverters Solar grid-tie inverters square measure designed to quickly disconnect from the grid if the utility grid goes down. this is often associate degree NEC demand that ensures that within the event of a blackout, the grid tie electrical converter can clean up to stop the energy it produces from harming any line employees World Health Organization square measure

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sent to repair the ability grid. Grid-tie inverters that square measure offered on the market nowadays use variety of various technologies. The inverters might use the newer high-frequency transformers, standard low-frequency transformers, or no electrical device. Rather than changing DC on to one hundred twenty or 240 volts AC, high-frequency transformers use a processed multi-step method that involves changing the ability to high-frequency AC then back to DC then to the ultimate AC output voltage. Historically, there are issues concerning having transformerless electrical systems feed into the general public utility grid. The issues stem from the very fact that there's a scarcity of galvanic isolation between the DC and AC circuits that may permit the passage of dangerous DC faults to the AC aspect. Since 2005, the NFPA's NEC permits transformer-less (or non-galvanically) inverters. The VDE 0126-1-1 and IEC 6210 even have been amended to permit and outline the security mechanisms required for such systems. Primarily, residual or ground current sightion is employed to detect potential fault conditions. conjointly isolation tests square measure performed to make sure DC to AC separation. Many star inverters square measure designed to be connected to a utility grid, and can not operate once they don't sight the presence of the grid. They contain special electronic equipment to exactly match the voltage, frequency and part of the grid. Solar pumping inverters Advanced star pumping inverters convert DC voltage from the solar panel into AC voltage to drive submersible pumps directly while not the necessity for batteries or alternative energy storage devices. By utilizing MPPT (maximum outlet tracking), star pumping inverters regulate output frequency to manage the speed of the pumps so as to avoid wasting the pump motor from harm. Solar pumping inverters sometimes have multiple ports to permit the input of DC current generated by PV arrays, one port to permit the output of AC voltage, and an additional port for input from a water-level detector. Market As of 2014, conversion potency for progressive star converters reached over ninety eight p.c. whereas string inverters square measure utilized in residential to medium-sized industrial PV systems, central inverters cowl the massive industrial and utility-scale market. Market-share for central and string inverters square measure concerning 50 p.c and 48 p.c, severally, effort but two p.c to micro-inverters. Top 10 Solar Inverter Manufacturers 2019 in India Currently, client needs to search with an area dealer or they connect with company, however most of the time they don’t get their item as AN item is out of stock or company don’t provide one amount product to a client (maybe system Integrator/end users). Getting to install and obtain a star electrical converter for utilityscale, industrial and residential comes, however obtaining confused among prime ten star electrical converter brands (manufacturers) in India 2019? We’ve got researched concerning the star electrical converter market from completely different sources, like system integrators, electrical device installers, distributors and dealers. We have a tendency to found the subsequent star electrical converter brands that employment in utility-scale, industrial and residential comes. Top 10 Solar Inverter Manufacturers in India – Grid Tied (On Grid) 1. Delta: Delta India is the first to cross the milestone of 1 GW+ rooftop installations. The global leader in solar inverters brings you the inverter range: Delta RPI-Home & Commercial Series, Utility Series, and Hybrid Series. Experience the power of industries leading efficiency levels, delivering Delta’s promise of greener energy and durable quality. 2. SMA: SMA India is a subsidiary of global solar leader SMA Solar Technology AG located in Kassel, Germany. Being a global market leader for PV inverters, SMA showcases itself as an energy management group offering innovative key technologies for all plant sizes, both grid-tied and off-grid. SMA India provides solar PV solutions for residential, commercial and utility sectors in the Indian & Southeast Asian markets. With its sales & service headquarters in Mumbai- India, SMA’s presence strategically spans across India according to its established installation base. 3. GoodWe: GoodWe is a leading, strategically-thinking enterprise which focuses on research and manufacturing of PV inverters and energy storage solutions. GoodWe is a leading, strategically-thinking enterprise which focuses on research and manufacturing of PV inverters and energy storage solutions. With an average monthly sales volume of 30,000 pieces in 2017 and 20 GW installed in more than 100 countries, GoodWe solar inverters have been largely used in residential rooftops, commercial systems, and energy storage systems, ranging from 1.0 to 80kW. They offer reliable operation and excellent performance and are highly spoken of by its customers worldwide. GoodWe benchmarks its success on the success achieved by its customers by identifying and integrating the most advanced components and techniques available while offering an unparalleled after-sales service. 4. ABB: ABB is a large scale producer of solar inverters in the industry, manufacturing micro, three-phase string and central inverters. It serves all residential, commercial and industrial segments. The string inverters are most suited for residential purposes and ABB offers both single phase and three phase solar inverters in this regard. The company also has a manufacturing base in India.

5. TMEIC: TMEIC or Toshiba Mitsubishi-Electric Industrial Systems Corporation was formed as a result of the integration of Toshiba and Mitsubishi Electric Corporation’s industrial systems divisions in 2003. The company supplies Solar Ware inverters in 1000V and 1500V capacities for a wide range of industrial applications in India. 6. Fronious: A passion for new technologies, intensive research and revolutionary solutions has been shaping the Fronius brand since 1945. As the technology leader, we find, develop and implement innovative methods to monitor and control energy for welding technology, photovoltaic’s and battery charging. We forge new paths, try something difficult and succeed where others have failed in achieving what seems to be impossible. But these are not the only reasons why Fronius is the global leader in innovation and technology. 7. Sofar: SOFARSOLAR (EST 2012) is one of the subsidiaries of SOFAR Group in China and specializes in R&D, production, sales and service of grid-tied inverters ranging from 1kW to 7.5kW (residential), 10kW to 70kW (commercial) and other related renewable products. 8. Sungrow: Sungrow manufactures both central and string solar inverters rated at 1500 Vdc and has a presence across utility-scale, commercial, and residential sectors. The company has a more than 15% global market share and is known for its 99% efficient solar inverters. Sungrow has deployed more than 60 GW worth of solar inverters worldwide. Founded in 1997, today the company has become a global R&D leader in solar inverters with a hug patent portfolio. 9. Huawei: Huawei shipped over 2GW of inverters in 2017. The company is known for its string inverters with smart management technology. It manufactures smart PV string inverters in 1000V, 1100V and 1500V capacities for commercial and utility-scale solar. The inverters come with a minimum efficiency of 98.5%. 10. Solis: Solis is a Spanish name derived from the Latin sol solis, literally meaning “SUN”. Solis Australasia is very proud to be delivering the very latest in solar inverter technology from Solis Technologies in the form of the new Solis range of inverters. The Solis inverter product range has the benefit of more than 20 years of technical development and improvement resulting from the experience and determination of the Solis engineers to produce the very best product available. They have strived to combine the very best in efficiency with the robust and reliable attributes that are demanded in the Australian market. Reliability is foremost in the design and production of the Solis inverter. Top Solar Inverter Manufacturers in India – For 3KW to 50KW Projects

In off-grid Luminous, Su-Kam, Microtek and Tata Power Solar are some of the top solar inverter companies in India. 1. Luminous: Luminous sells both grid-tied inverters as well as inverters for off-grid solar applications. Luminous is a Gurgaon based maker of inverters and industrial batteries with seven manufacturing units, more than 28 sales offices in India and presence in over 36 countries. It manufactures a wide range of home inverter UPS systems and batteries conveniently divided into smart range, essential range, and power range. 2. Sukam: SuKam remains the largest domestic manufacturer of solar inverters in India. It manufactures PV grid-connected inverters and solar Sine wave inverters. It has now become one of India's largest power solutions company and has an international presence in over 90 countries worldwide. The company has an impressive product portfolio consisting of more than 200 products including various solar products, UPS, batteries and customized solar solutions. Su-Kam’s Brainy Eco Inverter is a hybrid solar inverter that is perfect for every home, as it can charge both through grid and solar. 3. Microtek: Microtek is another manufacturer of power products and solutions in India. Some of the company’s best selling products are line interactive UPS, online UPS, digital & intelli pure sinewave UPS and hybrid UPS. Conclusion Loom Solar is planning to an onboard top manufacturer for on grid inverter on its platform. This platform will help to provide all technical and warranty details of top selling on grid inverter. Loom Solar has understood this problem and now we will offer on grid inverter from all leading brands globally and will provide at your doorstep at a very competitive price. If any buyer has an inquiry about on grid solar inverter from 3KW to 50KW and 50KW to 500KW, they can easily find it on this platform. RM

mR. kRIShnA kAdARIyA

direCtor PAtAnJAlI REnEWAblE EnERgy PVt. ltd.

Patanjali is one of the largest and most trusted, privately-owned renewable energy service providers in india. We harness the sun’s energy to provide affordable, clean, and green renewable energy sources. By integrating environment-friendly business practices and diversifying our product range with efficient renewable energy solutions, we aim to bring the “Green revolution” to india.

Q. What are the current opportunities and challenges for the solar PV & inverter manufacturers in Indian market?

Our honorable Prime Minister, Shri Narendra Modi has drawn an ambitious path for India not only in the renewable energy sector but also in the make in Bharat movement. India has already embraced solar energy in a big way. In the renewable energy segment, solar power today is the cheapest option. The only problem is the generation can happen for a few hours a day. The next focus segment would be in energy storage area by which this energy can be utilized day & night. At the same time, India is looking forward to achieve an ambitious target of 450 GW by 2030, this will require a lot of localization of components as well as scaling up the existing capacities for component manufacturing. As Patanjali, our core focus is on helping large parts of the Indian population in getting energy at affordable prices. You will surely hear a few announcements in the near future covering these areas.

Q. What are the products and services you offer for the renewable industry? Is there any plan to launch any new product?

Today, our product basket consists of all the major components required in setting up a solar power plant. Apart from this we also have a long list of products that are solar energy-based. We are constantly improving our existing product range as well as launching new products. We are commencing production of solar panels based on cut cell technology. A new range of inverters are also being launched. Apart from this our basket of solar energybased products will also see quiet a few new launches. We sincerely are of the belief that if we want to shift to green energy faster its important that the use of solar energy-based products has to go up in our day-to-day life.

Q. What are your views of proposed BCD on import of modules and cells in India?

BCD is a small step in achieving India’s aim of “Atmanirbhar Bharat”. But we cannot fully be dependent on it. At the end we have to achieve global standards and volumes on our own so that we can compete globally and not only in India. We intend to push hard for indigenous manufacturing of not only the final product but also the raw materials required, this will help us on being dependent on a 3rd country for everything.

Q. How the second wave of Covid-19 is affecting the market and the company?

No family or business has remained unaffected by this pandemic. I want to take this opportunity to thank our employees, customers and vendors whose relentless efforts helped us overcome these challenges. The government too is doing a thankless job to help all of all of us during this unprecedented situation. The challenges will continue, but so will our efforts in overcoming the same.

Q. How Patanjali Renewable is transforming itself to cater to the emerging needs of the power solution industry? Please tell us about the key smart features of your products.

the whole world more or less is dependent on a single country for all its needs in the solar field. As I mentioned earlier, India requires to build technology and volumes to fight at a global level. We at Patanjali are truly moving in these directions. One of the initiatives taken by us recently was to sign an MOU with NISE (National Institute of Solar Energy) for technology transfer in this arena. This will help us get the latest technology and implement it in India.

Q. What are your views on inverters – Make in India?

Today, most of the inverters sold in India are fully or partly made outside India and re-branded before being marketed in India. As mentioned earlier our aim is to get the best global technology and then manufacture in India. We are working with other partners in Germany and Sweden on the same lines with what we achieved with NISE in India. This will help us provide better quality products at affordable rates in India.

Q. How you provide flexible maintenance services and the price structures for the customers?

In the near future you will see more and more URJA KENDRAS opening in small villages & towns. This is our outreach to the least accessible Indian population. The URJA KENDRAS will help us in providing direct access to the least accessible population both in terms of sales & service. The dependency on going to the large towns or metros has to come down. This will also help the rural population in generating employment locally.

Q. How do you distinguish yourself from others as far as your offered power solutions are concerned?

At Patanjali, we do not believe in competing with our competition, our focus is on making sure that our customer is happy. At the same time, we want to help generate employment locally in rural areas. If you study our product basket you will clearly realize our focus. This is what makes us different from others in terms of what we offer.

Q. Are you participating in the Renewable Energy Expo? If yes, what are your expectations from the expo?

Patanjali is constantly innovating and growing. We look forward to Renewable Energy Expo to show the world the pace at which Patanjali is moving both in terms of innovation and reach. This is the first major exhibition we are participating post the pandemic, the organizers & the exhibitors will have a lot of challenges, but we have to collectively move ON.

Q. What are the future plans of Patanjali Renewable Energy? What will be the outlook of Indian Renewable industry in coming quarters?

We will be launching quite a few products immediately, including larger capacity solar panels. As mentioned earlier, our MOU with NISE and other initiatives in Germany & Sweden will see technology transfer and joint venture manufacturing in India in both solar components as well as raw material required to manufacture these components . This will be our key contribution to India’s NDC’s (Nationally Determined Contributions) . On the sales front the Patanjali URJA KENDRA’s will help us get the rural reach which is our main aim of getting into the renewable energy market. RM

www.patanjalirenewable.com

mR. VIkAS JAIn

direCtor InSolAtIon EnERgy PVt. ltd.

insolation energy, a state of the art solar manufacturing company specializing in high efficiency PV Module, located in Jaipur, rajasthan. We develop india’s best utility scale solar PV Module. We strive to provide the best solutions for sustainable solar products in india. our aim is to provide clean and green electricity at an affordable price to one and all.

Q. Does it foray in driving sustainable energy business in India? with big players foray into green energy business India’s renewable energy ambitions will get a boost. Our market is still dominated by import in this sector and there is lot of scope for new big players who will drive the pace and India will be a exporter rather an importer of solar components. At INA we are committed to provide maximum to renewable energy sector. Q. What are the top 3 markets for your company in the past, present and future? As of now we are catering largely to domestic market PAN India comprising of SGPS, rooftop sector and EPC Projects. Very soon we are going for exports to Asia/Africa and Europe through our overseas arm.

Q. What’s your commitment towards the solar sector in India? INA is committed to provide green and clean energy to society. Already millions of lamps are energized with INA solar panels. We are providing skill training to hundreds of rural boys so that they can have career in solar sector its our duty to provide top notch quality products to our customers. Q. Expectations from Indian government policy makers and regulators? There is lot of expectations from policy makers foremost is immediate implementation of proposed BCD on solar panels. Almost all of our raw materials are taxed but the finished good i.e panel is duty free!. Which eventually makes domestic panel expensive. There is sort of policy paralysis for this sector, we need strong long term policy so that sector can flourish. Q. Tell us about your opinion of the market? What are the opportunities and challenges for the company and industry? With immense potential in the solar energy sector there will be huge inflow of investments coming in and market will grow exponentially. The biggest challenge I see is over dependency on imports for the components we need a strong end to end manufacturing base to achieve target of "ATMANIRBHAR” bharat mission”.

Q. How has this year been for INSOLATION ENERGY? What are the differences that you see in the market in pre & post lockdown period? This year has been exceptionally good for us we have done almost double the sales of preceeding year and we see similar growth in future also .We would like to convey to our EPC friends to have faith and confidence in Indian Manufacturers so that our industry can flourish and we can save our valued foreign currency Q. Kindly tell Renewable Mirror readers about Insolation Energy’s manufacturing facility and its current production capacity? Our current installed capacity is 200 MW. Ours is a fully automatic line with least manual intervention. We will have 300 MW capacity by the end of this fiscal. By 2024 our aim is to have 500 MW. We are also upgrading and incorporating new equipments for technology up gradation to expand the market presence. We have one of the best testing equipments for quality assurance and product up-gradation. In the last Financial Year (2020-21) we have supplied approx 100+ MW of modules. This year our target is to supply 150 MW and further 250 MW in the next year. Q. In your view, up to what extent Government’s productionlinked incentive scheme is helpful for solar manufacturers in India? TheProduction Linked Incentive announced by the Govt is a welcome step in the right direction. However the minimum eligibility criteria is 1000MW of manufacturing capacity. This means that only the big corporate can take advantage of it. We request Govt of India to reduce this cap so that MSME sector can also participate in this scheme and become a part of Atmanirbhar Bharat. RM www.insolationenergy.in