EQ International August 2013 Edition by EQ Int'l Solar Media Group

August - 2013

INTERNATIONAL 7th REI SPECIAL ISSUE

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refusol.com

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Concept to Commission Complete Solar PV Solu

Across the sprawling landscape of Bap, Rajasthan, we have succesfully installed a 40 MW Grid The project was completed in 6 months and commissioned in February,2013.

Vikram Solar is driven by passion for growth and has installed over 100 MW of solar pow plant capacity till date. As the most promising producer of solar panels with an existin capacity of 150 MW and the nationâ&#x20AC;&#x2122;s leading EPC solutions provider, Vikram Solar expanding its manufacturing capacity to a further 300 MW to cater to the growing deman We strongly believe in the immense potential that solar power holds for India.

EDITORIAL

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Victory in Gujarat !!! Gujarat Electricity Regulatory Commission (GERC) has dismissed Gujarat Urja Vikas Nigam Limited (GUVNL) petetion seeking a retrospective revision in tariffs offered to the Solar Projects in the state of Gujarat. This brings a major sigh of relief for the developers, investors and banks and reinforce confidence in Gujarat Government. GERC decided the GUVNL’s petition in favor of the Developers citing that the petition is not maintainable on the ground of delay. The order dismissing the petition can be found on our website www.EQMagLive.com.

Solar Tariffs HITS New Lows !!! Karnataka had floated the tender for installing 130 MW of Solar PV Power Projects, KERC declaring a tariff of Rs.14.5 per unit. The bidding results surprised the Solar Industry when Sun Pharma emerged the lowest bidder quoting Rs.5.51 / unit for a 10 MW Project. Another bidder quoting below Rs.6 was Alfa Infraprop. Further there were 4 bidders quoting in the range of Rs.6 to Rs.7. Majority of the 17 bidders, quoted in the range of Rs.7 to Rs.8, while 2 bidders Welspun & Heiderberg quoted the highest tariff at Rs.8.05 per unit.

Mandatory CSR Obligation : Another Expected Driver of Solar Installations in India !!! The Indian parliament has passed a new Companies Bill that requires companies above a certain size to ensure that they spend at least 2 percent of annual profits on corporate social responsibility (CSR) activities. Ernst & Young, the audit and advisory company, estimates that the law would cover about 3,000 companies in India and about $2 billion of expenditures on CSR activities.As per the Companies Bill 2011, companies with a profit of INR 5 billion or more, a turnover of INR 10 billion or more, or a net profit of INR 50m or more, in a fiscal year, are mandated to spend 2% of their net profit on CSR Solaractivities. PV Power plant. “Ensuring environment sustainability” is one of the nine activities that qualify as a CSR initiative, according to the bill’s directives. As a part of their overall CSR initiative, many companies are expected to look at environment sustainability to meet a part of their obligations.

Anand Gupta Editor & CEO

EDITORIAL

Mandatory CSR Obligation : Another Expected Driver of Solar Installations in India !!! The Indian parliament has passed a new Companies Bill that requires companies above a certain size to ensure that they spend at least 2 percent of annual profits on corporate social responsibility (CSR) activities. Ernst & Young, the audit and advisory company, estimates that the law would cover about 3,000 companies in India and about $2 billion of expenditures on CSR activities.As per the Companies Bill 2011, companies with a profit of INR 5 billion or more, a turnover of INR 10 billion or more, or a net profit of INR 50m or more, in a fiscal year, are mandated to spend 2% of their net profit on CSR activities. “Ensuring environment sustainability” is one of the nine activities that qualify as a CSR initiative, according to the bill’s directives. As a part of their overall CSR initiative, many companies are expected to look at environment sustainability to meet a part of their obligations.

Anand Gupta Editor & CEO

INTERNATIONAL

R.N.I. MPBIL/2013/50966

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TRENDS & ANALYSIS

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INTERVIEW

CONTENTS SOLAR PV MANUFACTURING

VOLUME 3

Dr. Friedhelm Hage

Nikhil Babu 32 Nuevosol Energy Pvt. Ltd.

22 MWT Upgrade For ASYS Metallization Lines

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ANAND GUPTA Disclaimer,Limitations of Liability While every efforts has been made to ensure the high quality and accuracy of EQ international and all our authors research articles with the greatest of care and attention ,we make no warranty concerning its content,and the magazine is provided on an>> as is <<basis.EQ international contains advertising and third –party contents.EQ International is not liable for any third- party content or error,omission or inaccuracy in any advertising material ,nor is it responsible for the availability of external web sites or their contents The data and information presented in this magazine is provided for informational purpose only.neither EQ INTERNATINAL ,Its affiliates,Information providers nor content providers shall have any liability for investment decisions based up on or the results obtained from the information provided. Nothing contained in this magazine should be construed as a recommendation to buy or sale any securities. The facts and opinions stated in this magazine do not constitute an offer on the part of EQ International for the sale or purchase of any securities, nor any such offer intended or implied Restriction on use The material in this magazine is protected by international copyright and trademark laws. You may not modify,copy,reproduce,republish,post,transmit,or distribute any part of the magazine in any way.you may only use material for your personall,Non-Commercial use, provided you keep intact all copyright and other proprietary notices.If you want to use material for any non-personel,non commercial purpose,you need written permission from EQ International.

refusol.com

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REFUsol is a leader in photovoltaic inverters technology with almost 50 years of experience. Recently acquired by Advanced Energy Industries, the company provides very economical, often distinguished inverters, from small roof top installation to large solar power plants. The product range comprises string and central inverters with output from 1.8kW to 1.3MW having peak efficiency of 98.7%.. REFUsol operates around the globe with staff in Germany and Europe, subsidiaries in Japan and India and many national Sales & Service partners. Refu Solar Electronics Pvt. ltd. is located in Pune India, where we offer sales, service, R&D, application support and product management.

SOLAR INVERTERS Kiran kumar Lingam

46 “SPO / RPO ENFORCEMENT – Key Driver For Industry & Power Crisis“

42 The New Measure Of All Things

BUSINESS & FINANCE

SOLAR ENERGY Pramod V. Hargude

38 Solutions For Mini-Grid Installations

SOLAR ENERGY

Rauf Javid

INTERVIEW

SOLAR INVERTERS

CONTENTS

Suhas Baxi

Tanmay Bishnoi

Sankalp Ved

48 Pennar Industries Limited

54 Solar Industry And Its Employment Potential

66 No Doomsday For Renewable Energy Sector

Eq Business & Financial News 6-21

SOLAR PV MANUFACTURING 24 PID –Free EVA Encapsulant For Your SOLAR CELLS 28 PV-Backsheets Based On Polyamide High Quality Protection For Sustained Energy Generation With Photovoltaic Modules

SOLAR INVERTERS 34 Inverters - Heart Of A Solar System: The Most Critical Element In Any Solar Power System 44 REFU Hybrid - Grid Tied Inverters

SOLAR ENERGY 50 Indian Solar PV Power Market – Miles Covered And Road Ahead

SOLAR BOS 58 Prevent Damage With Consistent PV Connections 60 More Than Just A Check 62 Balance of systems: An important factor in performance of Solar PV Installations

POST SHOW REPORT 64 Regulators & Policymakers Retreat 2013 By IPPAI

BUSINESS & FINANCE 68 Trina Solar- Strong Sequential Shipment Increases In Growth Markets, Including China, the U.S., India And Japan

72 JinkoSolar - Expanding presence in Emerging Markets, Such As China, Japan, the U.S., South Africa and India. 76 Advanced Energy Significant progress due to Aggressive Restructuring and Integration Plan 78 First Solar - Q2 2013 Results 80 ABB India Limited - Multiple Productivity And Operational Excellence Initiatives Are Yielding Results. 82 Canadian Solar - “Near term goal is clear: return Canadian Solar to profitability on a full year basis for 2013” - Dr. Shawn Qu 84 SMA Solar Technology AG Generates a Break-Even Result Before One-Time Items in Q2 2013

Product Report 86-87 Conference & Events 88

& EQBusiness Financial Exciting quarter ahead for Nuevosol; Prestigious Projects, Young Entrepreneurship Award and 200 MWs pipeline Carports to airports, Nuevosol a turnkey service provider for Solar Mounting Structures has been executing the most prestigious projects of the country. India’s first solar power plant inside an airport is being constructed in DIAL and Nuevosol won the contract to Design, Supply and Install seasonally adjustable mounting structures. A similar project is under execution at an Airport in South India, while many such are in the pipeline. While executing the Ground mount utility scale projects Nuevosol is also constructing India’s first MW scale Car Port power plant being constructed for a car manufacturer. This model of car port based power plants has been a very popular model in Europe and is slowly catching pace in India. Similarly

Power plants on metallic inclined roofs involve specialised mounting and Nuevosol is entrusted with installing some of the India’s first few industrial roof power plants.

with Country’s highly prestigious projects. We thank our clients for entrusting such a responsibility on us with complete confidence on our design and execution capabilities.”

Nuevosol also won the 5 MW BHEL Ranipet tender for Mounting Structures. This is a first of its kind museum like power plant with all types of solutions under display and observation. It is a mixture of various types of fixed structures with 1 MW of Seasonal Tilt and 1 MW of Single Axis Tracker structures. This will become India’s first power plant to corroborate results of efficiency increase via seasonal tilt vs tracking vs fixed structures.

Coming as a boost to their efforts, Nuevosol’s CEO and MD Mr Himamsu Popuri was awarded the Young Entrepreneurship Award 2013 by IIT Madras Alumni association for Nuevosol’s achievements in the last 2 years and becoming a market leader in such a short space of time. With 150 MWs of experience Nuevosol is market leader in providing turnkey mounting solutions. It is currently executing 50 MWs of orders and has already bagged 90 MWs of orders for the coming 2 months and observes a definite pipeline of more than 200 MWs for the next 5 months

Speaking on the same CEO & MD Mr. Himamsu says “ This quarter is quite exciting with not only the mega power plants, but also

Vikram Solar Module passes Potential Induced Degradation (PID) Test AtTüV Rheinland Germany Vikram Solar, a Kolkata based leading solar module manufacturing company, announced today thatthe solar modules produced by the Group are now certified as resistant toPID (Potential Induced Degradation). The Potential Induced Degradation (PID) testmeasures the resistanceof the solar modules to survive harshfield operationalconditions, which potentially affect the performance of individual modules as well as the overall power output and

efficiency of entire solar power plants. Commenting on the achievement Mr. GyaneshChaudhary, Managing Director, Vikram Solar said, “It is matter of immense pleasure for our modulesto becertifiedasPotential Induced Degradation free. The Group has constantly believed in investing in research and development initiatives as it furthers strengthens our production base with the latest offering from the world of PV technology.”

During the test conducted by TüV Rhineland at Germany, the representative sample polycrystalline silicon modules of Vikram Solar were exposed to a negative voltage of 1,000 volt, at 60 deg C and 85% humidity for 96 hrs in an environmental chamber as per ‘IEC 62804-Draft’ standard.The panel’s performed very well in the test, showing less than onepercent power degradation and demonstrating the high quality and reliability of Vikram Solarmodules.

Solea AG And Pinpoint To Build A 100Mw Plant In The Indian State Of Tamil Nadu Solea AG and PINPOINT VENTURES HOLDING, Heidelberg have reached an agreement to build a 100MW solar project in the South-Indian state of Tamil Nadu. SOLEA-PINPOINT in consortium with RAASI GREEN ENERGY, Bangalore has signed an agreement in this respect to build a 100MW project in one of RAASI’s Solar Park. RAASI laid the foundation stone of the 100MW project site on the 21st July, 2013 in presence of Tamil Nadu’s Industries Minister Mr. Thangamani. The Project is to be commissioned during the second quarter of 2014. RAASI is setting up Solar Parks in Tamil Nadu in a Public-Private-Partnership with Tamil Nadu Industrial Development Corporation, an Enterprise of the Government of the state of Tamil Nadu.The Government of Tamil 6

EQ INTERNATIONAL - August 2013

Nadu has released a Solar Energy Policy during 2012 with a target of building 3GW of Renewable Energy projects within the next 3 years.According to Mr. Georg Sterner, CFO of SOLEA “Our strategic partnership with PINPOINT with its strong presence in SouthIndia has given us a challenging opportunity to build a project of this size. A 100MW project with a “Made-in-Germany” tag will also be a milestone in the Renewable Energy cooperation between India and Germany”. According to Mr. Kishore Pinpati, Managing Director of PINPOINT “As being one of the first companies from Germany to focus on South-India’s Renewable energy sector, we are very happy to announce this cooperation with the RAASI GROUP and we plan to build more than 300MW of solar plants during the next 3-4 years. The bankable solar policy

of Tamil Nadu together with the support of RAASI/Government of Tamil Nadu provides a secure platform to for building many solar projects in this state”. According to Mr. C. Narasimhan, Chairman of RAASI GROUP “We are very happy to announce the partnership with 2 German companies PINPOINT AND SOLEA for setting up our first 100MW project on one of our project sites. The fact that Germany being a pioneer and leader in the Solar Industry gives us much confidence in fulfilling the Solar obligations of the State. The project will not only help reduce the CO2 emissions but also significantly enable the uplifting of the people’s lives of the surrounding areas”.

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& EQBusiness Financial Made In IBM Labs: IBM Drives The Future Of Renewable Energy With New Wind And Solar Forecasting System IBM recently announced an advanced power and weather modeling technology that will help utilities increase the reliability of renewable energy resources. The solution combines weather prediction and analytics to accurately forecast the availability of wind power and solar energy. This will enable utilities to integrate more renewable energy into the power grid, helping to reduce carbon emissions while significantly improving clean energy output for consumers and businesses. The solution, named “Hybrid Renewable Energy Forecasting” (HyRef) uses weather modeling capabilities, advanced cloud imaging technology and sky-facing cameras to track cloud movements, while sensors on the turbines monitor wind speed, temperature and direction. When combined with analytics technology, the data-assimilation based solution can produce accurate local weather forecasts within a wind farm as far as one month in advance, or in 15-minute increments. By utilizing local weather forecasts, HyRef can predict the performance of each individual wind turbine and estimate the amount of generated renewable energy. This level of insight will enable utilities to better manage the variable nature of wind and solar, and more accurately forecast the amount of power that can be redirected into the power grid or stored. It will also allow energy organizations to easily integrate other conventional sources such as coal and natural gas.”Utilities around the world are employing a host of strategies to integrate

new renewable energy resources into their operating systems in order to reach a baseline goal of a 25 percent renewable energy mix globally by 2025,” said Vice Admiral Dennis McGinn, President and CEO of the American Council On Renewable Energy (ACORE). “The weather modeling and forecasting data generated from HyRef will significantly improve this process and in turn, put us one step closer to maximizing the full potential of renewable resources.”State Grid Jibei Electricity Power Company Limited (SGJBEPC), a subsidiary company of the State Grid Corporation of China (SGCC), is using HyRef to integrate renewable energy into the grid. This initiative led by SG-JBEPC is phase one of the Zhangbei 670MW demonstration project, the world’s largest renewable energy initiative that combines wind and solar power, energy storage and transmission. This project contributes to China’s 5-year plan to reduce its reliance on fossil fuels. By using the IBM wind forecasting technology, phase one of the Zhangbei project aims to increase the integration of renewable power generation by 10 percent. This amount of additional energy can power roughly more than 14,000 homes. The efficient use of generated energy allows the utility to reduce wind and solar curtailment while analytics provides the needed intelligence to enhance grid operations.”Applying analytics and harnessing big data will allow utilities to tackle the intermittent nature of renewable energy and forecast power production from solar and wind, in a way that has never been

done before,” said Brad Gammons, General Manager IBM’s Global Energy and Utilities Industry. “We have developed an intelligent system that combines weather and power forecasting to increase system availability and optimize power grid performance.”This project builds upon another IBM smarter analytics initiative at Denmark’s Vestas Wind Systems, the world’s manufacturer of wind power turbines. Vestas, together with IBM’s big data analytics and supercomputing technology, is able to strategically place wind turbines based on petabytes of data from weather reporters, tidal phases, sensors, satellite images, deforestation maps, and weather modeling research. This insight cannot only deliver improvements in energy generation but also reduce maintenance and operational costs over the life of the project. The Hybrid Renewable Energy Forecaster represents advancements in weather modeling technology, stemming from other game-changing innovations such as Deep Thunder. Developed by IBM, Deep Thunder provides high-resolution, microforecasts for weather in a region - ranging from a metropolitan area up to an entire state - with calculations as fine as every square kilometer. When coupled with business data, it can help businesses and governments tailor services, change routes and deploy equipment-to minimize the effects of major weather events by reducing costs, improving service and even saving lives.

In an Initiative to promote Green Energy, CANARA BANK under its CSR Program donated 6 KW Solar System to “Aaramghar” a House for Disabled run by an NGO at Hyderabad. AKSHAYA SOLAR POWER (I) PVT LTD is proud to execute the project with “NO PROFIT”. 8

EQ INTERNATIONAL - August 2013

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Ganges Internationale Pvt Ltd

Market Leaders in MOUNTING STRUCTURE

200 MW Work Completed Till Date 36000 MT/PA Manufacturing Capacity For Mounting Structure 250 MW/PA Solar Farm Installation Capacity

Corporate office

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B - 36, Lawrence Road, Industrial Area, New Delhi - 110035, INDIA, Ph : +91 11 47090225, 47090228, 47090229, 9311811923 email : info@gangesintl.com, www.gangesintl.com

Delivery Of Complete Built

SOLAR FARMS On Turnkey Basis

& EQBusiness Financial FICCI’s Reports On Solar Financing, Securing The Solar Supply Chain And Handbook On Indian Solar Sector Released Mr. TarunKapoor, Joint Secretary, Ministry of New and Renewable Energy, Government of India yesterday released FICCI reports on ‘Financing Solar Energy’ and ,‘Securing the Supply Chain for Solar in India’ and Indian Solar Handbook and Directory in New Delhi. The reports by the industry come at a time when the solar sector in India is undergoing tough times due to lack of appropriate financial mechanisms, low cost financing alternatives, and regulatory certainty.

of the biggest challenges solar projects in India face is the availability of cheap finance. Due to the higher prevailing costs, these projects have longer payback period. Lenders are also wary about off-taker risks due to the financial health of SEBs. Additionally, banks in India face structural challenges due to their sectoral exposure limits. Given these challenges, the FICCI Report on Financing Solar Energy makes the following recommendations to improve the financing of solar energy projects:

Addressing the launch function, Mr. Kapoor said, “Lack of finance is the most critical issue faced by the National Solar Mission. The Ministry of New and Renewable Energy (MNRE) is actively engaging with the Ministry of Finance, financial institutions and banks to devise ways to attract investments in this sector. Banks do not feel secure in lending to renewable energy projects as they are not conversant with the sector. To overcome this lacuna, the MNRE is now conducting workshops to help them better understand the nuances of the sector.”He said that there are foreign financial institutions which are interested in investing in renewable energy but are discouraged by the policies. “We need to frame policies keeping in mind the interests of these investors and provide them an environment which makes them feel safe about their investments,” Mr. Kapoor added.

Making renewable energy as an independent sector (separate from Power sector) as many banks have reached their sectoral exposure limits

Mr. Kapoor informed that rooftops solar panels and many large projects are in the pipeline, details about which would be announced soon.Since the launch of the National Solar Mission in 2010, the total installed solar capacity in India has gone up to 1.7 GW. At the same time the cost of solar power has reduced significantly. However, the sector faces many challenges as it struggles to compete with conventional power projects to avail low cost finance and create sustainable demand. The FICCI reports provide key industry recommendations for the growth of the solar sector in India. Mr. V Saibaba, Chairman, FICCI Solar Energy Task Force, said that one 10

EQ INTERNATIONAL - August 2013

Putting solar energy under priority sector Improving liquidity through a solar energy fund, solar bonds, refinancing by pension/insurance funds, longer duration construction loans Lowering the Cost of Debt by eliminating the tax on interest received by banks and relaxing ECB norms Addressing the performance of state utilities and improving their fiscal health Speaking on the solar supply chain, Mr. Deepak Thakur, Chair, FICCI Subgroup on Securing the Solar Supply Chain, said that besides low cost financing, the other important factor for the growth of the solar sector in India is the need to build a domestic supply chain in the country. There is a strong need to incentivize investments in creating the domestic supply chain with

help from both domestic and global players, and to facilitate collaborative arrangements for enhancing R&D efforts. There is also a strong case for international companies with extensive technology and experience globally to participate in building a strong supply chain in India and be part of India’s solar growth story. The report recommends the following steps:

Capex support manufacturing

fo r

solar

Integrated solar manufacturing hubs

Power to energy intensive segments of solar manufacturing

Tax and duty rationalization/ exemption Promoting cluster R&D

FICCI also released the Indian Solar Handbook and Directory, a compendium for information on the policy and institutional framework for solar energy in India and the stakeholders involved in the Indian Solar Energy space. The Handbook consists of information on solar market, central and state government policies, regulatory overview, nodal agencies as well as case studies highlighting successful stories. The Directory portion provides information on Equipment Manufacturers, Project Developers, System Integrators, Sales and Marketing companies, and energy service companies in the field of solar energy. Dr. Arbind Prasad, Director General, FICCI, said that FICCI believes that solar energy can play a pivotal role in enhancing India’s energy security and creating greater energy access. Solar energy occupies a critical place in India’s power strategy due to its scalability, easy deployability and availability of abundant sunshine. However, harnessing solar for the country’s long term benefit can only happen if an ecosystem can be built and made to thrive in the country. Financing has been a critical bottleneck for the solar projects in India and the lack of low cost financing needs to be addressed urgently.

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PENNAR INDUSTRIES LIMITED

LEANER STRUCTURES FOR CLEANER ENERGY

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on Sep 12-14, 2013, at Stall no. 7.87, New Delhi, India

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& EQBusiness Financial Sungrow Supplies 5MW Of Inverters To India Sungrow Power Supply Co.Ltd.a leading supplier in PV industry, recently announced to supply over 150 pieces of its featured string inverter SG30KTL to a PV project in Rajastan, India. As the world’s 3rd largest and Asia’s largest PV inverter manufacturer, Sungrow has made its first move of entering Indian PV market by awarding a 5MW project. It’s well known that India not only has the ideal sunshine resources but also challenging high temperatures for PV plants. However, Sungrow’s SG 30KTL, the largest capacity of wall-mounted inverter in the PV market, was specially designed for harsh environmental

conditions with its protection class IP65 and full power-output up to 50 degrees Celsius ambient temperature. This 65kg inverter can be easily handled by two workers during installation without any lifting machines. Because of different advantages, it has been widely installed in Germany, Spain, Malaysia, Australia and many other countries. “It’s the top inverter all over the tested inverters,” as commented by Photon Lab, SG30KTL awarded a double “A” grade from this wellknown lab in 2013. “Besides Sungrow’s reliable factory warranty, the after-sales service covered by our local service partner and local inverter

exchange pool is also a key factor for the Indian customers’ decision. The Indian PV industry has huge growth potential; it’s the first step to India, a solid milestone for our international cooperation and expansion based on the proven performance of the product and mutual trust from partners for years,” Raymond Wong, VP of Sungrow, commented, “After 16 years of development, Sungrow now has successfully created its high reputation worldwide and we’re utterly confident in the future expansion of our business opportunities in India, and other developing PV markets as well.”

Leading Solar PV Suppliers Reach Record Shipment Levels in Q2’13, According to NPD Solarbuzz Top PV Module Suppliers Grab Market Share Gains but Also Target Additional Cost Reductions Quarterly solar photovoltaic (PV) module shipments for the 20 leading PV manufacturers exceeded 5.8 gigawatts (GW) during the second quarter of 2013 (Q2’13). This record-high module shipment volume represents 21% growth from the Q2’12 level of 4.8 GW, according to findings in the new NPD Solarbuzz Module Tracker Quarterly.

When the final results become available over the next few weeks they are expected to show that Chinese tier-one manufacturers, including Yingli Green Energy, Trina Solar, Jinko Solar, Renesola, and Hanwha SolarOne broke their quarterly module shipment records in Q2’13. In particular, Yingli Green Energy’s quarterly shipments are expected to have reached 0.8 GW, which would represent a new world record for any single PV supplier. “Yingli Green Energy has been strongly

focused on market share gains over the past four quarters,” said Ray Lian, senior analyst at NPD Solarbuzz. “The company is rapidly approaching 10% global market share, and has now become the clear leader in megawatt shipments. The leading solar PV suppliers are now starting to pull away from the pack, which provides strong evidence that the anticipated industry consolidation is finally in progress.” Figure 1: Q2’13 Global PV Module Shipment However, setting new records in shipments is not the only tactic being employed. Some module suppliers are prioritizing profitability over market share, resulting in only moderate shipment increases for Q2’13. Priorities for this subset of suppliers include downstream project expansions or market share gains in only premium-price regions.

Source: NPD Solarbuzz Module Tracker Quarterly

EQ INTERNATIONAL - August 2013

In Japan, the highest growth PV endmarket today, Chinese tier-one manufacturers Canadian Solar and JA Solar have now become the leading overseas module suppliers. However, buyers in Japan remains strongly loyal to Sharp Solar, Kyocera, Solar Frontier, Panasonic, and other domestic brands. Over the past four quarters, these four suppliers have accounted for 54% of modules shipped by the 20 leading module suppliers to Japan.

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& EQBusiness Financial Solar Industry Capital Expenditures Set to Rebound as Emerging Economies Boost Production The sun is finally rising on the global solar business, with growing demand in developing regions helping to ignite the first increase in industrywide capital spending in three years in 2014, according to the PV Manufacturing & Capital Spending Tool from information and analytics provider IHS (NYSE: IHS).

the capital expenditure segment of the PV business out of its slump,” said Jon Campos, solar analyst at IHS. “The overcapacity in PV production mainly has been concentrated in the developed solar regions of the United States, European Union and China. But as demand expands in new areas, PV manufacturers are gaining interest in producing their wares in these regions, resulting in new factory openings and boosting local capital spending.”

Dawn arrives for solar spending in emerging economies

Global capital spending by producers of photovoltaic (PV) modules, cells, ingots, wafers and polysilicon is expected to rise by 30 percent in 2014 to reach $3.0 billion. This will mark the first time that expenditures have increased since 2011, when they grew 8 percent, as presented in Figure 1 attached. The projected growth will bring to an end a two-year period when spending dropped—by a stunning 72 percent in 2012, and by an anticipated 36 percent this year in 2013. During this period, PV industry capital spending will plunge by a gut-wrenching total of $10.6 billion, falling to $2.3 billion in 2013, down from $12.9 billion in 2011. Solar industry players engage in capital spending in order to purchase manufacturing equipment and facilities used to produce PV raw materials or products. Spending has fallen in recent years because of massive overcapacity and oversupply, which has sent prices down throughout the supply chain. However, a sustained increase in capacity from emerging economies is set to spur the 2014 recovery. “South America, Africa and the Middle East now are leading the world in solar capacity additions—and they also are leading 14

EQ INTERNATIONAL - August 2013

After going up 23 percent in 2013, solar capital spending in emerging economies is expected to rise in the low 40 percent range for every year through 2017. In contrast, following zero growth in 2013, the established markets are expected to shrink by 5 to 10 percent during every year through 2017, as presented in Figure 2 attached.

comes as a welcome and long-anticipated change from the dismal conditions that have plagued the market in recent years. The solar shakeout has peaked and an inevitable return to reinvestment in equipment and technology is due in the near term. “Our research is showing a return to market equilibrium with regard to supply and demand,” Campos said. “Overcapacity seems to be correcting itself, and from the last few financial announcements, a handful of solar companies have returned to profitability and widened margins. The last piece of the recovery puzzle is capital spending and investment in high-efficiency technology.”

Spending spree Beyond the rise in demand from emerging countries, other factors are contributing to the recovery in capital spending. PV suppliers are engaging in new technology upgrades in order to enable higher efficiency and lower dollar-per-watt production costs. Equipment is also critical in allowing PV manufacturers to differentiate their products. Such differentiation can

Among all the emerging economies, the largest percentage increase in capacity is occurring in South America, Africa and the Middle East. Emerging markets account for 7.9 gigawatts (GW) of the world’s total announced capacity for PV materials and products from ingots through modules, with the potential to climb to nearly 11GW by 2017. Capital investments for the foreseeable future will largely remain in the areas of crystalline wafer production, cell and module equipment.

Ending capital punishment The expected increase in capital spending

improve profitability and margins. Current and potential trade conflicts concerning Chinese PV products could drive production to other locations, such as South America, Southeast Asia, Africa and the United States. In particular, U.S. states like Mississippi and Michigan are attractive regions for PV production because they provide cheap electricity and affordable land to manufacturers.

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& EQBusiness Financial Solar Microinverter Shipments to Quadruple and Reach 2.1 Gigawatts in 2017 The global market for microinverters will expand by a factor of four from 2013 through 2017 as microinverters are adopted in greater numbers outside the United States while new markets also rush to take advantage of the devices’ improved efficiency and features compared to conventional inverters. Photovoltaic (PV) microinverter shipments worldwide are set to increase to 2.1 gigawatts (GW) in 2017, up from around 500 megawatts (MW) in 2013, according to a new report entitled “The World Market for PV Microinverters and Power Optimizers - 2013 Edition” from IHS (NYSE: IHS), a leading global source of critical information and insight. Shipments during the period are forecast to rise fourfold, expanding at a 306percent rate, as illustrated in the attached figure. Microinverters are devices that convert direct current (DC) electricity from a single solar module into alternating current (AC). Although they are more costly than conventional inverters, microinverters can increase the energy harvest of a system compared to conventional string or central inverter devices, which convert power from multiple solar panels.Until now, microinverter demand has largely been confined to the U.S. residential market. However, the emphasis is shifting to commercial solar systems and other regions.“Microinverters have reached very high adoption rates in the United States, particularly in the residential market, where penetration will reach more than 40 percent in 2013,” said Cormac Gilligan, PV market analyst at IHS. “However, in order to grow or maintain market share, microinverter suppliers now are striving to expand to new regions that at present don’t use the technology. Meanwhile, the advantages of microinverters—including their higher energy yields, enhanced safety and modulelevel monitoring capabilities—are making them more attractive in commercial systems, especially in smallscale projects.”

Micro prices for microinverters While 2013 is forecast to be the first year that microinverter shipments grow to more than 500 MW, it also will be a challenging year for suppliers in terms of competition and pricing.A number of new market entrants are releasing products, including the two largest PV inverter manufacturers, SMA and Power-One. This intensifying competition will result in microinverter prices dropping by 16 percent in 2013.Despite this double-digit price decrease, strong shipment growth will drive microinverter market revenue to increase to more than $250 million in 2013. And although prices will continue to fall in the coming years, IHS predicts that revenue will reach $700 million in 2017.

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EQ INTERNATIONAL - August 2013

& EQBusiness Financial Strictly commercial Enphase Energy retained its position as the world’s dominant microinverter supplier in 2012 with a large share of the residential PV market in the United States. However, as the number of microinverter suppliers has grown, the company has faced increasing competition. As a result, Enphase and all other suppliers have been targeting new markets for expansion and have been promoting the use of microinverters in commercial systems. In an early sign of success for this strategy, Enphase recently announced a 2 MW commercial installation in Canada.Almost one-third of global microinverter shipments in 2017 will be going to commercial systems compared to 9 percent in 2012. The majority of these shipments in 2017 will be for systems sized between 10 and 100 kilowatts. Macroeconomics for microinverters The United States in 2012 accounted for 72 percent of global microinverter shipments. However, the U.S. share will fall to 50 percent by 2017 as a result of

microinverters penetrating into new markets in Europe and Asia. Outside of the United States, microinverters are forecast to be most successful and achieve the highest penetration rates in the United Kingdom, France, Japan and Australia. Each of these markets presents excellent opportunities for microinverter suppliers if they can enter quickly and overcome the unique challenges of each country. “Japan has a very large residential market, but microinverter shipments have been very limited due to certification requirements and a strong preference for domestic suppliers,” Gilligan added. “PV markets such as Australia and the United Kingdom also offer great potential for microinverters because they are relatively new markets with installers that are not so entrenched in using string inverters, allowing microinverter suppliers to more easily educate them of the benefits of their solutions.”

Thoroughly modern modules A new trend for suppliers is to offer complete solar modules that integrate microinverters, products known as “AC modules.” Some microinverter makers are partnering with module suppliers to produce these devices.SolarBridge Technologies and Enecsys Ltd. are some of the major suppliers now offering AC modules, and these companies have entered into a number of partnerships with module suppliers.“AC modules allow module suppliers to differentiate themselves from the competition while allowing microinverter makers to take advantage of the module suppliers’ sales channels,” Gilligan noted. “They also allow faster installation time as the microinverter is installed at the module factory rather than on-site, which can be a compelling reason for the adoption of microinverters.”IHS predicts that AC module shipments will more than quadruple in 2013 and continue growing to account for 32 percent of total global shipments in 2017.

Two and a Half Gigawatts of Residential PV Energy Storage to be Installed by 2017 The market for residential photovoltaic (PV) energy storage systems is expected to boom in the coming years, with cumulative installations amounting to 2.5 gigawatts (GW) by 2017, equivalent to the solar power that could be generated by more than 600,000 homes. Kick-started by the introduction in May of the German Energy Storage subsidy, cumulative installations are forecast to grow to these heights from a trivial 12 megawatts in 2012, according to a new report entitled “The Role of Energy Storage in the PV Industry” from information and analytics provider IHS Inc. (NYSE: IHS). The number of PV residential energy storage installations will be greater than the total number of residential solar systems in Germany today. “Residential 16

customers are striving to maximize their own consumption of the energy they are generating,” said Abigail Ward, PV analyst at IHS. “This is because rising electricity prices and decreasing feed-in-tariffs (FiTs) are serving as a disincentive for consumers to export their power to the electricity grid. Such developments, combined with the introduction of the German Energy Storage Subsidy, are forecast to accelerate

the overall growth of the residential solar storage market.”

Disincentives Financial incentives and subsidies, such as FiTs, have made it monetarily attractive for end users to send their excess electricity to the grid. However, this is now rapidly changing in established markets. In many countries, incentives are subject to regular reductions following higher-than-anticipated growth in installations, and recent reductions in PV system prices. These reductions, coupled with continually increasing retail electricity prices, mean that self-consumption of energy on-site is a more desirable option for home owners.

Throwing the FiTs

EQ INTERNATIONAL - August 2013

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& EQBusiness Financial In Germany and the United Kingdom, the FiT is declining at a steady rate. For these countries, the current FiT rate paid for electricity exported to the electricity grid has already fallen below average retail electricity rates. As a result, PV system owners pay a greater amount for electricity imported from the grid than they receive for the energy they sell. Rather than export the energy generated in order to receive the FiT, it is now financially attractive to consume the energy generated by the system on-site. “An energy storage solution enables a PV system owner to shift energy from when it is generated to a later time for consumption,” Ward said. “As a result, demand for residential energy storage products will continue to accelerate as PV energy reaches grid-parity in a number of countries.” Nonetheless, at today’s prices, the financial gains to be obtained by growing self-consumption do not yet offset the increase in upfront costs associated with the addition of an energy storage solution in a residential PV system over the expected 20-year lifetime of the installation.

Residential PV storage prices to decrease by 45 percent The introduction of the German Energy Storage Subsidy represents a turning point by increasing the return-on-investment of a residential PV system installed with an energy storage solution. At today’s prices, the financial gains to be obtained by growing self-consumption do not yet offset the increase in upfront costs associated with the addition of an energy storage solution in a residential PV system over the expected 20-year lifetime of the installation. The German program, however, can help. “Not only will the incentive reduce the upfront cost of residential storage solutions deployed in Germany by up to 30 percent, it will also generate volume in this immature market— and price reductions achieved by mass production will also benefit installations in other countries,” said Sam Wilkinson, PV research manager and co-author of the report. “For batterybased residential PV energy storage systems, IHS predicts an average cost reduction of around 45 percent during the next five years, largely due to decreases in battery prices.”

Big growth for big systems Cost reductions also are projected for larger PV storage installations, spurring growth for commercial and utility-scale systems. “The market drivers for the installation of storage in large-scale systems differ significantly from those of residential systems,”Wilkinson noted. “Deployment in these massive systems is anticipated to shift from pilot demonstration projects to commercial installations during the next year, and annual installations for the total grid-connected market are forecast to reach nearly 6 GW in 2017.”

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& EQBusiness Financial Sun Pharma Emerges Lowest Bidder in Karnataka 130 MW Solar Tender Capacity to be allotted (MW)

130

Technology

SPV

KERC approved Tariff for SPV (Rs./Unit)

14.50

Results of Financial bid Sl.

Name

Capacity

Proposed Capacity

Discount in

Actual tariff

(MW)

for allotment(Mw)

(Rs/Unit)

(Rs./Unit)

Sun Pharma Medication Private Limited

8.99

5.51

Alfa Infraprop Private Limited

8.97

5.53

ACME Jaipur Solar Power Private Limited

8.47

6.03

Aditya Medisales Ltd

8.45

6.05

Lanco Solar Energy Private Limited

8.19

6.31

Sharda Construction and Corporation

7.57

6.93

Pvt. Ltd. 7

Astonfield Solar II Private Limited

7.37

7.13

Bhoruka Power Corporation Limited

7.34

7.16

Waa Solar Private Limited-Tumkur 1

7.30

7.20

Azure Power Karnataka Private Limited

7.03

7.47

Hero Future Energies Pvt Ltd

7.03

7.47

Waa Solar Private Limited-Tumkur 2

7.03

7.47

Raghu Infra Pvt Ltd

6.65

7.85

United Telecoms Ltd

6.58

7.92

ESD Builders and Developers Pvt. Ltd.

6.52

7.98

Welspun Solar Kannada Private Ltd.

10*

6.45

8.05

Heidelberg Solar Pvt Ltd

6.45

8.05

Simplex Infrastructures Limited

6.17

8.33

GKC Projects Limited

6.10

8.40

Energo Engineering Projects Ltd

5.00

9.50

Jain Irrigation Systems Ltd-Udupi

4.50

10.00

Jain Irrigation Systems Ltd-Mangalore

4.50

10.00

Jain Irrigation Systems Ltd-Gulbarga

4.50

10.00

NEPC Wins Energize Awards 2012-13 For Excellence In Solar Energy NEPC INDIA LIMITED has been awarded as the Best Company for Excellence in Solar Energy at the Energize Awards 2012-13, powered by CNBC TV18, Smart Grid partner ABB and process Validation partner Ernst & Young. The Awards were instituted to recognize those organizations and individuals, who have made a difference to Indiaâ&#x20AC;&#x2122;s energy sector. 18Â

EQ INTERNATIONAL - August 2013

The Award function was held on 25th July 2013 at The Leela Hotel, Mumbai.

leaders from the Indian power sector on the panel.

The Chief Guest for the evening was Shri Ajoy Mehta IAS, Managing Director of MSEDC. Besides award distribution ceremony, the evening also had a panel discussion on the OUTLOOK FOR INDIAN POWER SECTOR, with eminent thought

NEPC INDIA LIMITED received the Award for Innovation in developing new Solar Technology and providing growth in the use of Solar energy.

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September 12-14, 2013 Booth No. Hall

5 5.84

& EQBusiness Financial REC Mechanism Continue to Disappoint Investors, Constitutes less than 10% of the Total Grid Connected Solar Power Projects Update on the Solar REC Market (August 2013) Solar REC Inventory as per REC Registry

Month, Year

Opening REC REC Balance Issued Redeemed

May, 2012 0 June, 2012 239 July, 2012 221 August, 2012 370 Sep t ember, 181 2012 October, 2012 464 November, 2012 85 December, 2012 469 January, 2013 253 February, 2013 1,251 March, 2013 899 April, 2013 633 May, 2013 860 June, 2013 3,130 July, 2013 4,453 Aug, 2013 19,651

Solar REC Trading Statistics in 2012-13 on PXIL

20Â

EQ INTERNATIONAL - August 2013

249 324 328 190 1443

10 342 179 379 1160

239 221 370 181 464

1412 1603 992 3306 1882 2917 2444 3973 2802 17227 12890

1791 1219 1208 2308 2234 3183 2217 1703 1479 2029 0

85 469 253 1251 899 633 860 3130 4453 19651 32541

Buy Bid Sell Bid MCV (No. of (No. of (No. of certificate) certificates) certificates) Qty (MWH)

Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13

0 1007 3319 225 5 130 200 603 525 2100 1120 583 2107 2203 2372 1528 1137 682 46 605

Closing Balance

0 0 0 0 100 22 130 250 527 1012 930 484 203 310 624 1609 2720 3096 9194 6761

0 0 0 0 5 6 86 250 425 971 486 277 203 310 551 1212 1034 682 46 605

MCP (Rs. / Certificate)

0 0 0 0 13000 12506 12800 12850 12900 12500 12100 12100 12500 13000 13000 12000 10990 9300 9300 9300

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& EQBusiness Financial Solar REC Price Discovered in 2012-13 on PXIL May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13

Solar REC Trading Statistics in 2012-13 on IEX Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13

Forbearance Price

Floor Price

13,000 12,506 12,800 12,850 12,900 12,500 12,100 12,100 12,500 13,000 13,000 12,000 10,990 9,300 9,300 9,300

13400 13400 13400 13400 13400 13400 13400 13400 13400 13400 13400 13400 13400 13400 13400 13400

9300 9300 9300 9300 9300 9300 9300 9300 9300 9300 9300 9300 9300 9300 9300 9300

Buy Bids (REC)

Sell Bids (REC)

2,635 582 5,782 289 1,637 9,489 8,554 1,728 1,317 1,263 1,458 1,608 40,138 4,574 5,238 1,994 862 797 1,983 1,754

0 0 0 0 149 541 419 310 1,094 864 758 977 3,356 2,416 3,192 1,468 2,113 2,836 12,486 23,338

Solar REC Price Discovered in 2012-13 on IEX May-12

Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13

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MCP (Rs. / Certificate)

Cleared Cleared Volume (REC) Price(Rs/REC)

0 0 0 0 5 336 93 129 735 820 733 931 2,105 1,924 2,632 1,005 669 797 1,983 1,754

0 0 0 0 13,000 12,750 12,800 12,850 12,500 12,680 12,720 12,620 12,500 12,500 13,400 12,206 11,490 9,300 9,300 9,300

Cleared Price (Rs/REC)

FORBEARANCE PRICE

FLOOR PRICE

13,000 12,750 12,800 12,850 12,500 12,680 12,720 12,620 12,500 12,500 13,400 12,206 11,490 9,300 9,300 9,300

13400 13400 13400 13400 13400 13400 13400 13400 13400 13400 13400 13400 13400 13400 13400 13400

9300 9300 9300 9300 9300 9300 9300 9300 9300 9300 9300 9300 9300 9300 9300 9300

EQ INTERNATIONAL - August 2013

21Â

S O L A R P V M A N UF A CT URI N G

Dr. Friedhelm Hage (Manager Product Development Solar), ASYS Group

Katinka Eberl (Corporate Communications Solar) ASYS Group

MWT Upgrade For ASYS Metallization Lines Comprehensive Metallization Concept ASYS have developed a comprehensive metallization concept for “Metal Wrap Through” (MWT). The result is a finely tuned modular system consisting of numerous machines which can be easily configured for customer requirements. At the heart of the product palette are various screen printers, alignment and inspection systems as well as modules for front and backside isolation. For the ideal addition to a metallization line, ASYS also offers an island configuration for via drilling. All processes, from the positioning of the vias, through metallization alignment, to the positioning of the backside contacts are optimally coordinated with one another, thus guaranteeing MWT cell production of the highest quality. The modular design also ensures record breaking line changeover times from standard to MWT cells. Assuming all necessary machines are available in the metallization line, ASYS service can carry out the initial conversion within a day. Consequently, the customer only requires around another hour for changeover of the pre-prepared line.

Laser Drilling and Metallization from one Source 22

EQ INTERNATIONAL - August 2013

For more than 10 years, ASYS have been developing and producing high-end laser systems for many applications in various industry sectors. A team of ASYS application specialists are constantly testing and fine tuning new laser processes. ASYS not only offer the laser edge isolator but also many other laser applications for processing solar cells. All laser systems are based on a platform concept thus providing proven quality that is easy to upgrade. The SLD laser system for via drilling is suitable for processing any type of MWT cell design. The system is particularly flexible, since different laser sources can be integrated and various drilling methods as well as different spot sizes can be utilized. Not only the repeatability is market leading, but high-speed throughput rates of 1600cph can also be reached. In combination with an ASYS loader and unloader, the SLD is transformed into a laser platform suitable for use with single as well as dual lane applications. Laser drilling and metallization from a single source - a unique combination which only ASYS can offer. Since the viapattern is such an important reference point for positioning the screen-print, the advantages become obvious. Cells which have been processed by an SLD Laser-Drilling

SLS Laser System for backside contact isolation

Island can be handed over “blind” to the metallization line i.e. without any additional alignment. In the end the via-pattern is used to align the isolation grooves on the backside of the cell. During this complex positioning process, the backside prints are additionally taken into account. As a specialist for screen printing and laser technology, ASYS can offer both applications for a number of different processes. Choosing a laser system often reduces the required floorspace, since the system can be integrated directly into the line. A screen-print island configuration occasionally makes sense if you plan to reconfigure your line in the future. The print

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systems within the island can be upgraded for dual or double-print or even for dual or triple lane operation. For backside contact isolation, ASYS offers a laser system, the SLS, for scribing the laser grooves and a screen printer island configuration for printing etching paste.

Flexible Changeover Concept: ScreenPrinting and Alignment As with standard cells, the metallization of an MWT cell is carried out in 3 steps. In the first step, the contact pads are printed onto the backside and the vias are filled. This is followed by application of the Back Surface Field and finally with the printing of the gridlines onto the front side. For the backside print, ASYS have developed different applications and line configurations, dependent on the via diameter. For the

SPT Vacuum Suction Station

time and vacuum power can be adjusted independently and any paste particles are caught in an easy-to-change filter.

the first station in the turntable printer has an integrated inspection unit.

If the MWT holes were not drilled using the ASYS Laser-System, then an SAS alignment station is used to align the

Special Upgrades

XSR1 Rotary Table Screen Printer

“via plug process”, ASYS offer the XSR1 roundtable printer which utilizes the necessary paper transport system. For the “Via-Fill & Plug” process, either the XSR1 or XS2 can be used. The ASYS MWT-concept has been developed so that only a few machines require an upgrade for changeover from standard to MWT cells. Apart from the backside isolation systems already described, the „Via Fill & Plug“ and „Via Fill Paste” processes also require an additional throughcontacting station. For this purpose, ASYS have developed the SPT vacuum suction station which utilizes a vacuum to suck the print paste through the via-holes. Both suction

XS2 Screen Printer

via pattern before printing and backside isolation. The SAS is a high-resolution system for pattern or structure recognition and ensures that the metallization prints are accurately aligned with the „prestructuring“. The alignment is carried out using either the pre-structuring pattern or pre-applied fiducials. Additional fiducials must be printed, since the MWT holes cannot be used as markers. To determine the position of the via-pattern, the position of the fiducials in relation to the wafer coordinate system is calculated. This result is sent to the downstream screen-printer for subsequent and exact application of the metallization. If an XSR1 screen printer is used, then the SAS alignment system is not required since

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Only a few machines require an upgrade when changing from standard to MWT cells. For the „Via Fill & Plug“ and the „Via Fill Paste“ process, the print nest in the screen printer must be exchanged. The handling in all systems must also be adapted to the specific MWT cell layout. Depending on the design, the conveyors are positioned accordingly to prevent paste contamination. To ensure minimal contact at the cell edge, specially designed stand-offs are integrated into the dryer. The cell tester retrofit for backside inspection is more of a challenge. Special spring loaded coaxial pins for measuring voltage and current are required and these must first undergo a shake test to ensure they have no mechanical play. A hard wearing and abrasion resistant nest must also be used. An advantage of MWT-cells is the minimizing of shadowing caused by the front side print. Normal methods for clamping bent cells arriving from the oven cells, generally lead to shadowing. Consequently, the efficiency of the MWT cells cannot be properly tested. ASYS have developed a special solution for the STH cell tester in which the cell is straightened without pressing it against a glass plate. This and the addition of overall-lighting are used to ensure stress and shadow-free testing. ASYS offer a special machine from Botest for testing MWT cells. Thanks to an A++/ A+ match rating in the red and infra-red areas, the tester is particularly suited for cells with backside contacts.

EQ INTERNATIONAL - August 2013

S O L A R P V M A N UF A CT URI N G

PID –Free EVA Encapsulant For Your SOLAR CELLS Betty Zhu, SVECK ---The leader and Expert of PID-free EVA encapsulant

s long as the efficiency of the solar cells is increasing, the quality of the raw materials used in making the solar module more efficient is also to be taken care of. Right from Silicone Sealants used to the EVA used for making an efficient long lasting solar module has to be taken care of. Recently more and more attention has been given to the PID (Potential Induced Degradation) problem that the Power Station and Module manufacturer have met, PID Free EVA as an encapsulant for the solar module is the only Best solution and In order to research a better solution, SVECK R&D team after long term Comparison Tests and lots of Analysis, have been successful in researching an EVA FILM which can solve the solar module PID phenomenon.

WHAT’S PID

successfully passed the : 850 temperature and 85% relevant humidity, -1000V voltage ,continuous 96 hours harsh testing condition, the PID result of SVECK EVA FILM is <5%. Changing the PE CVD process, 

Making the Si-N layer more compact,



Making refractive index of solar cell ≥2.15%



+ SVECK high resistivity EVA film .

The Solar Module Power PID results <2%, (85°C tempreture,85% humidity ,96 hours test condition) Below pictures show some tests conducted using 3 companies EVA of which one was PID Free EVA.

PID EL Picture of Company A

POTENTIAL INDUCED DEGRADATION ION MIGRATION MAIN MECHANISM FOR FRONT CONTACTED C-SI PV MODULE (P-type and N-type)

PID Depend on the target of high reliable EVA encapsulant, SVECK R&D has done many PID test with many strong technical module manufacturer and relevant Authorized Testing Institution, finally SVECK EVA 24

EQ INTERNATIONAL - August 2013

EL Picture Before PID testing

EL Picture after PID testing (T:85°C,H:85%, 96hours)

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Above picture shows the EL testing done using A Companies EVA, the power reduces more than 20%.

PID EL Picture of Company B

EL Picture Before PID testing

Now SVECK PID free EVA is the best solution as it has passed the approval of large quality big module manufacturers like: SUNTECH, CANADIAN SOLAR, EGING…, It also marked that the properties of SVECK EVA FILM has reached the leading levels within the same industry.

EL Picture after PID testing (T:85°C,H:85%, 96hours)

Above picture shows the EL testing done using B Companies EVA, the power can reduce more than 40%.

PID EL Picture using SVECK EVA

EL Picture Before PID testing

EL Picture after PID testing (T:85°C,H:85%, 96hours)

Above picture shows the EL testing done using SVECK EVA, the power reduced only less than 2%. It is said that PID phenomenon refers to the modules when they come under longterm action of high voltage, which lead to generate current leakage between glasses and encapsulating materials. As the using time of module is 25 years, it is very likely to go through different Inclement climate conditions and this serious PID phenomenon can lead to substantial power lost, (highest can reach 90%power lost), which can heavily damage the operators and power project investors’’ beneficiary. So next time make a right choice about the EVA and know your solar cell Encapsulant.

EQ INTERNATIONAL - August 2013

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Innovative backsheets. Proven experience. backsheet

ICOSOLAR® APA 3G

The new ICOSOLAR® APA 3G backsheet with optimised polyamide for the outer layers has first-class product characteristics with outstanding cost-effectiveness. ISOVOLTAIC is the global market and technology leader in the development and production of backsheets for photovoltaic modules – with warehouse facilities in India.

www.isovoltaic.com

1st in backsheets.

S O L A R P V M A N UF A CT URI N G

PV-Backsheets Based On Polyamide

High Quality Protection For Sustained Energy Generation With Photovoltaic Modules ISOVOLTAIC AG PV-backsheets based on polyamide from ISOVOLTAIC have already proven their reliability. In 2012 the new ICOSOLAR® APA 3G backsheet has been launched to the market. It promises the full range of features for the protection of solar cells in photovoltaic modules and has an outstanding price/performance ratio. The quality of backsheets –multi-film laminates - determines the service life of a photovoltaic module. Backsheets ensure sustained loss-free energy generation by protecting the active elements from environmental influence, especially from moisture, direct irradiation, chemical substances and mechanical damage. At the same time they protect the environment from the active electrical elements by providing insulation. For several years the backsheet market has been dominated by composite filmsbased on Tedlar®.

introduced to the market by the market leader for backsheets is polyamide. Polyamide has already proved to be reliable for a long time under toughest conditions. It has for example to endure highest temperatures and aggressive chemical compounds in the automotive industry, where it is amongst others used for fuel or brake lines because of its convincing features and long term stability. ISOVOLTAIC built on this for the development of its new backsheets.

ICOSOLAR® APA 3552 - it was a resounding success.

When the first backsheets on the basis of polyamide were brought on to the market in 2009 – ICOSOLAR®AAA 3554 and

These PV-backsheets are unique, patented and cheaper than Tedlar®. Requirements are met or even surpassed.

Proven quality in the use for PV-backsheets Polyamide has been engineered especially for the requirements of photovoltaic modules – which means that the material has been additionally stabilized against UV radiation, oxidation and chemicals.

Lamination of backsheets

During the strong market growth of photovoltaics the limited availability of Tedlar® meant a constraint to the market. Therefore producers of PV-backsheets made efforts to develop an alternative still meeting the requirements of PV-modules.

Polyamide –well-known for its long term stability The alternative that has been successfully 28

EQ INTERNATIONAL - August 2013

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XLAM 21/34E LAMINATORS

s Highest Process Quality s Attractive Cost/Performance Ratio s High Reliability

XINSPECT X2800I TESTERS

s EL testers from cost effective high throughput to laboratory process development solutions s Reinforce EL with IV Curve measurement or Thermography imaging s Automatic defect detection, Defect tracking system & Data analyzer software

THE WAY TO MAKE IT | TO GRID PARITY

www.komaxsolar.com

XCELL X2

STRINGERS

s 1500 cells per hour s Optional 4 Busbar s Optional Light Harvesting String (LHS)

20 Innovation Drive, York, PA 17402 (USA) +1 717.755.6800 | info.yok@komaxsolar.com

Even after 10.000 hours of damp heat ICOSOLAR® AAA 3554 has shown no delamination,bubbles, wrinkles, significant discolouration or tearing. Reflectivity of all polyamide products is 15-20 % higher than TPTTM, which is clearly significant (absolute values within the relevant wavelength range).

efficiency of the main components of the solar modules has to be increased. With ICOSOLAR® APA 3G a new solar backsheet based on polyamide is available on the market that offers first-class product characteristicsat a very attractive price level. This new backsheet will strongly contribute to optimizing the bill of material of the module

Attractive price level Very high adhesion values to encapsulant High resistance against wheathering Outstanding water vapour barrier Proven PET layer for electrical insulation Environmentally friendly – fluorine free

In tests reflectivity of backsheets based on polyamide was compared to those based on Tedlar®.

Just as all PV-backsheets ICOSOLAR® backsheets with polyamide are subject to intensive industrial testing – proven by recognized certificates like TÜV.com and UL.

producers. It has the potential to become a new standard for c-Si module technology.

Features of ICOSOLAR® APA 3G:

ICOSOLAR®AAA 3554 has an exceptional RTI of 130°C. This was the first RTI of a PV-backsheet that UL measured on the backsheet itself and not derived from its single components of the multilayer structure. In early 2011 the photovoltaic experts at TÜV Rheinland have for the first time certified a reverse-side film for photovoltaic modules with a new type approval certificate. The first films to pass the comprehensive testing procedures were the types ICOSOLAR®AAA 3554, APA 3552, TPA 3570 and FPA 3572 - PV backsheets with polyamide.

ICOSOLAR® APA 3G – Contribution to an optimized BOM The 3rd generation of backsheets based on polyamide will help to solve thechallenges the photovoltaic business is currently dealing with. Reaching grid parity and liberating from funding will be vital for the future viability of the solar industry. This means that cost 30

EQ INTERNATIONAL - August 2013

Composition of ICOSOLAR® APA 3G: The PET core provides mechanical stability and electric insulation. The optimized polyamide outer layers, specially developed for this product, ensure protection against weathering.

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I NT ERV I EW

Nikhil Babu CTO Nuevosol Energy Pvt. Ltd. EQ : Please enlighten us on the history of your Group, Group Strengths, Vision, Strategy for India etc NB : Nuevosol has been founded by 5 young entrepreneurs, to provide turnkey solutions (Design, Manufacture and Install) for Solar Mounting Systems right from the very first solar projects in India. Nuevosol executed 25 MW of installation in first 6 months after inception and within a short span of 20 months after inception we have finished 180 MWs of installations. Now we are a 65-employee firm with 8IITians heading various departments. Mounting structures in India were looked at as a routine off the shelf product while in Europe, US the structures are designed with the same rigor and tenacity as the other electrical components. Team Nuevosol has brought in the same tenacity in Indian Mounting Systems market and introduced the concept of optimization of mounting structures to innovate scientifically and develop durable yet cost competitive designs. Our key strength and motivation lies in the belief that mounting systems can lead the way forward to achieve grid parity. Innovation in cells, modules and the electrical components is at the sources and not in the purview of the integrators, but mounting structures require, customization, innovation which is site-specific and is completely under our control. This makes mounting systems the key to optimizing the plant for best output and high returns. This motivates Nuevosol to strive to continuous optimization and innovation making us the market leader in India and one of the Top 5 in Asia.

EQ : Your Group has made significant footstep by winning several contracts in India. What is the role of your group in India and the roadmap, challenges in executing these 32

EQ INTERNATIONAL - August 2013

project. What was the differentiating factor which led the your co win this project. NB : Mounting systems developed by Nuevosol standout in many different ways: • Firstly, our structures are developed with totality in consideration. Not many design structures to optimize layouts or with a thought to increase IRRs. What we offer is not just a structure, but it is a solution, which is linked with the entire power plant, its energy output, economic viability of the plant, IRR and many such parameters, which are of interest to the EPC Contractor as well as the Developer. • Secondly, we treat design of structures to be as scientific as any other component of the power plant. The tool of optimization used to design structures incorporates multiple parameters like cost, strength, ease of manufacturing, ease of installation to bring our structures, which act like a system than a stand- alone entities. • Thirdly, our products accompany services, which are targeted towards making execution simpler and better. A package of turnkey services ensures there is single point responsibility and hassle free execution. We aim at reducing our client’s efforts, the manpower deployed by them, meet their super-track schedules and ensure complete peace of mind throughout the period of execution. • Finally our products are built out of passion and respect towards mounting structures. There needs to be an attitudinal

shift where most people believe that Lean is weak and Heavy is durable or many such notions. This is a layman approach to design and highly unscientific and not our way of design

EQ : Every Project is unique when it comes to mounting structures in terms of kind of land, different modules, different climatic conditions etc…Could you share your experiences of working in such diverse environment NB : We have worked on more than 40 Projects and already installed 180 MWs. In the next 2 months we will be executing another 90 MW. Every project is unique and special for us. We have worked in more than 10 states encompassing almost all types of soils. Numerous types of foundations and continuously evolving structure designs have left us with immense experience. Apart from just the structure design, execution on site is a whole new game , where we have dealt with a lot of local problems from labor union cartelization etc. We have received repeat orders from every client that we worked with, this has been possible only because we treat every client as a key client and every project with the same importance. In terms of size, the major projects that Nuevosol executed include those delivered

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for Juwi, Azure, Waaree, Refex, Solairedirect and EMMVEE. Most of these mega power plants have been installed in exceptional pace and each project is novel and unique in its own way. Supplying at the rate of 50 MW per month and installing at the pace of 1MW per day has been our greatest achievement so far. There are many more projects, which have their own challenges like rocky terrains, collapsible soils, black clayey soils etc which are all special to us. In terms of innovation and challenges Nuevosol has achieved major milestones recently when we deployed the highest number of flat roof mounting structures, the first of its kind carport and large scale inclined roof structures.

EQ : Please enlighten us on the projects executed and in pipeline worldwide, and India. NB : As mentioned earlier we have executed 180 MWs so far in more than 40 projects. Right now we are executing more than 100 MWs. All the projects under execution are unique and special in their own way. We are designing for airports, we are installing on metallic roofs, we are implementing tracking systems and seasonally adjustable systems and many more novel projects. We are constructing India’s first MW scale carport structure. This quarter is very exciting and we are gearing up to execute more than 300 MWs in coming 5 months. Most importantly we will be exporting structures. Internationally,Aluminium structures have been in use for many years now. The scope of optimization in Aluminium structures to reduce costs has saturated and globally the requirement is shifting towards steel structures. The level of optimization achieved by Nuevosol in steel structures is much above the global standards and thereby they find a niche for themselves. Through optimization and good supply chain planning, export of structures seems to be a viable alternative with lower costs than those being manufactured locally in Europe and US. Some countries like SA have local content requirement and require local manufacturing, but most other markets are feasible to export.

EQ : What goes behind the Materials technology, Installation Techniques for Mounting

Structures across various projects NB : Nuevosol has been executing at the rate of 30MW per month and is expecting to execute at the rate of more than 50 MW per month in the coming quarters. This calls for two main capabilities. One, a chain of manufacturers located all over India and Two, designs which are easy to manufacture and optimizing the manufacturing layouts to produce faster. Nuevosol has a network of more than 30 contract manufacturers. The relationship with these units is not like that of a buyer and a seller, but is highly integrated. Nuevosol goes into the details of tool design for faster manufacturing and also has quality product personnel deployed who look at optimizing the floor layouts to higher throughput.

EQ : Please tell us about the team strengths and resources developed in order to offer your TurnkeyServices. Please describe in detail the project engineering, project management, planning etc… adopted to deliver the best solution NB : Executing 1MW a day and supplying at the rate of 50MW per month has a huge project management set up enabling it at the back end. We have department for systems optimization, which concentrates mainly on optimizing all the systems. Increasingly, organizations are moving towards specialization tending towards compartmentalization or differentiation, which is key for innovation and excellence. But without proper integration, specialization does not lead to desired results. A which process achieves the right level of integration in all fronts of research, personnel, communication, and procurement and execution. This is possible through an organically linked organizational structure where every team has a link to another. Importing this model to a mounting systems design and installation firm has been achieved at Nuevosol. Each team has a resource person who is a coordinator, liaison to other teams gathering inputs from and giving outputs to other teams. This ensures a live design team creating dynamic mounting systems, which are a class apart from the routine off the shelf mounting structures.

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EQ : Could you enlighten us on the importance and nitty-gritties of mounting solutions? NB : Mounting solutions have been treated as an off the shelf product. Weight of the structure was given more importance than the whole question of structural integrity. Heavy is durable and lean is weak has been the notion and is still prevalent. We have worked hard to change this notion in the industry. There has been an attitudinal shift and clients are ready to accept sleeker yet robust structures. Also when structures are looked at as a commodity, they are not designed with a goal to optimize the whole power plant and sometimes the project itself. While most costs involved in a solar power plant are controlled at the source, like the modules, inverters and electricals, the mounting systems have the capacity to optimize for reducing costs at the point of execution. As mentioned earlier, mounting structures have to be developed with totality in consideration. Not many design the structures to optimize layouts or with a thought to increase IRRs. The structure is linked with the entire power plant, its energy output, economic viability of the plant, IRR and many such parameters, which are of interest to the EPC Contractor as well as the Developer, which should be addressed with care.

EQ : Kindly enlighten us on the ongoing R&D within the company and the way forward for its technology, products and services.Whats your annual R&D budget NB : Design optimization, Material research, manufacturing optimization, foundation research and supply chain and operations improvement, are the focus of our R&D efforts. Every product we develop should not just address a particular need but should have the features of economic viability, ease of manufacturing and quicker installation, and this drives our research. We innovate in every project and you would find that none of our structures are similar in two different projects. We have a separate team for manufacturing optimization who are always on the shop floor identifying bottlenecks and similarly we have operations team giving design feedback. As we have every feedback reach the design department we have continuous innovation at work. EQ INTERNATIONAL - August 2013

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Inverters - Heart Of A Solar System: The Most Critical Element In Any Solar Power System Darfon Electronics Corp.

ICRO INVERTERS came in the picture to address the challenges associated with the traditional solar energy model. Central / String inverter architecture shortcomings had given them space in the market place, creating opportunities for a range of new technologies, with a growing number of companies developing products and technology to fetch more power from the PV panels, which in result can shorten returnon-investment time period.

for each PV-Panel in the Solar System. Itâ&#x20AC;&#x2122;s like, instead of having a common shared computer by whole system (string / central inverter), each PV-Panel in the system has its own computer with MPPT. They simply optimize the function of the each single PVPanel in the system.

In other words, unlike a central, or string inverter, that aggregates and converts the power generated by an entire array of solar modules (fig.2), a micro-inverter converts the DC power from a single solar module to AC. When connected to a central or string inverter, modules are typically

One of them is DARFON (A Benq-AUO Group Company) which claims to be one of the early entrants in the micro inverter industry to develop a commercially viable micro-inverter in terms of economy and power generation. The company has recently installed 26.5kW of micro inverters under MNRE project and working on 50kW of project in Gujarat and some other commercial projects of double the size. Micro-inverters are like mini computers 34Â

EQ INTERNATIONAL - August 2013

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The right solution for Photovoltaic Power Systems. More than 500 MW PV projects already equipped with Bonfiglioli Inverters in India.

Courtesy Welspun Energy Limited, 30 MW Solar Plant, Gujarat

As one of the world’s leading players in clean energy today, Bonfiglioli has an innovative know-how and technical capability to bring utility and large-scale PV power plants to life. w} Ê6iVÌÀ Ê i ÌiÀÊ Ê iÀ > ÞÊìÃ } ÃÊEÊ > Õv>VÌÕÀiÃÊ>ÊÜ ìÊ À> }iÊ vÊ } ivwV i VÞÊ«À `ÕVÌÃÊv ÀÊi iÀ}ÞÊV ÛiÀÃ ÊvÀ ÊÎäÊ 7Ê Ì ÊÎÊ 7°Ê/ ÃÊ i ÌÀiÊ vÊ ÝVi i ViÊv ÀÊ* Ì Û Ì> VÊ iÀ}Þ]Êi ÃÕÀiÃÊ > Ê «Ì > ÊÀiÌÕÀ Ê vÊ ÛiÃÌ i Ì°Ê7 Ì Ê ÛiÀÊ£ÓÊÞi>ÀÃÊiÝ«iÀ i ViÊ ÊÌ iÊ India and its 17 branches spread across the country catering to sales > `Ê >vÌiÀ Ã> iÃÊ ÃiÀÛ Vi]Ê w} Ê ÃÊ iÊ vÊ Ì iÊ i>ìÀÃÊ `À Û }Ê Ì iÊ green revolution in India. / iÊvÕÌÕÀiÊ ÃÊLÀ } ÌÊÜ Ì Ê w} t

For details please contact:

Bonfiglioli Transmissions (Pvt) Ltd, Business unit-RePV, Survey No. 528/1, Perambakkam High Road, Mannur Village, Sriperambudur Taluk, Chennai - 602 105, India * \Ê³ £Ê{{ÊÈÇ£äÎnääÊUÊ >Ý\Ê³ £Ê{{ÊÈÇ£äÎ ÊUÊ«Û° ` >JL w} °V www.bonfiglioli.com

connected in series; when they have microinverters, the modules are all connected in parallel, resulting up to 25% of extra power generation.

rating of IP65. In simple words, Darfon Micro Inverters match the lifetime of PV-Panels.

For example, we have a solar system with 10 units of PV-Panel each having its micro-inverter; any panel that is underperforming has no effect on panels around it (because parallel connected) (Fig.3). In that case, the array as a whole produces as much as 5% more power than it would with a string inverter. When shadowing is factored in, if present, these gains can become considerable, generally 5% better output at a minimum, and up to 25% better in some cases (Fig.4). Furthermore, as a single Darfon Micro inverter can be used with a wide variety of panels, new panels can be added to an array at any time, and do not have to have the same rating as existing panels. Giving flexibility to start small and then slap more PV-Panels whenever required and feasible.

To sum up: String / Central Inverter vs. Micro Inverter

A further advantage of Micro Inverters is: Enhanced fire safety. “Traditional string / central inverter systems deal with highvoltage DC, which is very prone to arc fault. And arc faults start fires. In the case of the micro inverters DC is completely eliminated. That means, only dealing with very lowvoltage DC and all the AC is in a protected circuit. So one could argue that microinverters are inherently safer compared to central inverter systems. Now, the question arises is “How much reliable these Micro Inverters are as compared to String / Central Inverters which has been in market from decades”? The reliability of the micro-inverter is eye-popping for an intricate electronic device constantly subjected to heat and moisture. DARFON claims a mean time between failures of 250 years and has protection

EQ INTERNATIONAL - August 2013

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Get more. The new Powador 60.0 TL3. More Quality. Made in Germany.

More Flexibility. 3 MPP Trackers for any system design.

More Service. With galileo Solar Family and KACO new energy.

KACO new energy. We turn passion into power.

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Solutions For Mini-Grid Installations Rauf Javid - AGM-BDM Solar PV Ingeteam Power TechnologyÂ India Pvt.Ltd

n a world in which technology is becoming increasingly more advanced and is gaining in importance in our society, it is surprising to learn that much of the worldâ&#x20AC;&#x2122;s population has no access to the electricity grid and that there appears to be no solution to this situation in the immediate future. We are referring to a large number of remote villages and even towns, which are obliged to resort to alternative energy generation solutions to supply their needs.

any kind of installation, Ingeteam has developed its new line of single-phase hybrid inverters rating powers between 2.4 kW and 5 kW. This new technology improves our already settled PV inverters giving them the possibility to combine batteries with other on-grid inverters. It will work as an energy manager as well, controlling whether the energy should go directly to the loads or should be used to charge the batteries if the energy generated by the PV array is bigger than the energy demanded by the loads. The design of the new INGECON HYBRID AC Link has also been based on the needs to fulfill targets of self-consumption.

Due to economic factors, pollution and, of course, dependence, the power generation systems based solely on fossil fuels, and much used up to now, no longer appear to be the best option. Ingeteam has applied all its experience in the electrical engineering sector to developing solutions for these alternative energy generation systems. As a result, Ingeteam is proud to offer a wide range of products capable of meeting all types of needs and requirements. Based on the premise of making an uninterrupted energy supply available, Ingeteam has designed some robust, easy-toinstall equipment, with priority given to the generation of electricity through renewable energy sources. The sun and the wind are resources that are as old as they are plentiful in our environment and, as such, they form the base that supports our systems. We are referring to converters capable of generating energy by

38Â

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means of these resources, and supported by a system of batteries in order to ensure that power is delivered to the mini-grid whenever the photovoltaic and wind power systems are unable to power the loads. Within our range of products for off-grid systems we include single-phase and threephase solutions being able to fit in all type of load demands. In order to be able to offer solutions to

This new equipment features a highly advanced battery control technology that ensures the maximum life of the storage system. The battery temperature is controlled at all times ensuring an enhanced lifespan of the accumulator. A control system, requiring no communications, manages the power generated by the power converters, based on the consumption and the battery charge level. Furthermore, INGECON HYBRID AC Link permits the connection of a back-up generator if necessary. INGECON HYBRID 10 is the solution for medium sized stand-alone grids. The inverter generates a single-phase voltage grid for consumption of up to 10 kVA, based on renewable energy sources and accumulators. The inverter acts as an energy manager,

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Reliable technology based on rigorously tested, proven hardware

Flexible design due to comprehensive grid-management features

Easy-to-service with full suite of alarms and troubleshooting tools

High efficiency and proven reliability, from a bankable supplier Introducing Conext Core XC central inverters for PV power plants and large buildings Available in three models ranging from 540 to 680 kVA, Conext™ Core XC inverters are the smart choice for PV power-plant or commercial-building applications. Here are a few reasons why. Best-in-class efficiency resulting in higher CUF To help maximise your solar harvest, Conext Core XC provides best-in-class efficiency and an innovative fast-sweep maximum power point tracking (MPPT) algorithm.

More than just an inverter With Conext Core XC you get the core of a high-quality balance-of-system solution and the support of a trusted supplier. Our large-scale solar solutions include:

Reliability baked in Designed for long-term performance and tested in harsh environments, Conext Core XC offers increased uptime and a great total cost of ownership. Flexibility to fit your needs Conext Core XC inverters are compliant with most local standards and evolutive to meet future standards. On top of all that, Schneider Electric™ has a local presence in over 100 countries and a global service network, meaning we offer professional support for solar investments practically anywhere in the world.

Bankable solar solutions Best-in-class products and reliable support from a partner you can trust

1. PV Box 2. Array Box 3. Transformer 4. Conext Control

Discover how to optimise your total cost of ownership.

Download “Bankable Solar Solutions” for FREE today and enter to win an iPhone 5! Visit www.SEreply.com Key Code 50893y © 2013 Schneider Electric Industries SAS. Schneider Electric and Conext are trademarks owned by Schneider Electric Industries SAS or its affiliated companies. All other trademarks are property of their respective owners. www.schneider-electric.com 998-1191830_IN

the charging and discharging of the battery bank, up to 30 kW per module, protecting it from overcharges and from deep discharges. The main energy manager module is essential in any installation, given the fact that it controls communications with the other modules, supervises the status of all the inputs and manages the permissions to operate. The main energy manager module is also equipped with a 15 kW photovoltaic input with MPPT and the user interface display, which serves to modify the configuration and to monitor the key data for the installation. When the modules are connected in parallel, up to a maximum of four, the power and current limits are multiplied by the number of modules, however the voltage range does not vary. guaranteeing a balance between power generation, accumulation and consumption, connecting the back-up generator whenever necessary. The system has been designed with an advanced algorithm for maximum power point tracking (MPPT) in order to maximize the PV array output. The INGECON HYBRID 10 can also be used to assure continuous electricity supply in areas with a weak public grid, as it has a special input for the grid in addition to the PV input and the backup generator input. Taking into account that most of the big three phase mini grid systems might be located in remote areas, Ingeteam has designed an efficient modular solution that simplifies transport and that shortens the manufacturing and assembly times. This units have been designed for the off-grid generation of pure sine- wave three phase electrical power based on renewable energy sources, using batteries as a means of accumulation. Furthermore, the INGECON HYBRID MS units can be connected to a backup generator for a guaranteed electricity supply at all times. As a modular system, it can be adapted to suit the requirements of each particular installation, and as it is easy to install, extensions might be done in the system to adjust to new specifications. Four different power converter modules are available and can be combined to suit the specific installation requirements. The energy manager module: It is responsible of the management of all the power that flows into the system. It controls 40Â

EQ INTERNATIONAL - August 2013

The inverter module: The inverter module is a two-way high efficiency converter that will function as an inverter, generating a pure sine wave three phase voltage with a constant amplitude and frequency, when operating without the backup generator. When the backup generator is functioning and powering the loads, the inverter module works as a rectifier, taking power into the system to charge the batteries. Apart from the main module inverter and the secondary one, up to four inverter modules can be paralleled offering a power of 120 kVA to the loads. This module is also essential in any mini grid for the correct functioning of the system. The photovoltaic modules: The module contains three photovoltaic inputs of 15 kW. Each PV input incorporates an algorithm for tracking the maximum power (MPPT) and another for adjusting the power to demand when the batteries are full. The algorithm in use will depend on the system conditions at each particular time, providing the maximum efficiency. The three inputs can be configured as three independent inputs or three inputs in parallel, performing like a single input with a maximum power of 45 kW. Wind turbine module: This module comprises three independent wind power inputs, with a maximum power of 15 kW per input. Each input incorporates an algorithm for tracking the maximum power (MPPT) and another to adjust the power to the demand. The algorithm in use

will depend on the system conditions at each particular time. The dump load system is an accessory included on the wind power module, designed to brake the wind turbines in order to adjust the power generated to the one demanded by the installation, ensuring the extraction of the maximum amount of energy at any time. The INGECON HYBRID MS is based on the modules that had just been explained, and it is basically designed to generate AC voltage mini-grids from renewable energy sources. The battery charge or discharge status and the backup generator connection or disconnection will depend on the energy generated by the renewable sources and the demand made by the installation loads. Priority shall always be given to energy extraction from the renewable sources through the use of maximum power point tracking methods. When the energy available is greater than demand, the surplus energy shall be stored in the batteries. Once the battery bank is fully charged, it shall be maintained in float status and the power generated shall be adjusted to meet the demand. On the contrary, when the connected load requires more energy than the one generated by the renewable power source, then the system shall absorb the required energy from the battery bank. The time for which this status can be maintained shall depend on the battery charging status and capacity. For this reason, when dimensioning the battery bank capacity, account should be taken of the required autonomy of the installation during those periods in which the renewable sources are not operating. If the installation needs to provide an uninterrupted power supply, then a backup power source will be necessary, such as a diesel generator or even the grid if needed. Between the advantages of the Ingeteam mini-grid systems, we find the possibility to communicate in any moment with the inputs and outputs of our system, having complete control of the operation in a remote way. Orders and commands might be sent with no need of being in the installation itself. Monitoring and control of the system might be done using RS-485, fiber optics, Bluetooth, wireless or Ethernet. Modem GSM/GPRS are also available for remote communication.

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INTRODUCING A WHOLE NEW KIND OF INVERSION

ADVANCED ENGINEERING IN: MORE POWER OUT

Engineered for maximum yield and reliability, the new Protect PV.880 inverter delivers efﬁciency greater than 98 %. This 880 kW inverter supports DC input voltages up to 1000 volts and ﬂexible grid management features including reactive power, fault ride-through and power control. Scaled up from the globally successful Protect PV.250, the Protect PV.880 is ideal for utility-scale deployment. More power to you. Protect PV.880, exactly what you would expect from AEG Power Solutions, a company that has manufactured reliable power systems for industrial applications for more than 60 years.

More information: www.aegps.com sales.india@aegps.com

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The New Measure Of All Things Kiran kumar Lingam - Sales Photovoltaics India, LTi REEnergy GmbH

Ti REEnergy has been successfully developing and producing inverters for a wide variety of application fields for more than 40 years. LTi REEnergy is a part of Körber Group since April 2013 The Körber Group brings together more than 40 leading international technology companies active in the fields of tobacco, tissue, automation, intralogistics, mailing, machine tools and pharmaceutical packaging systems. As Part of continuous research activities, experts of LTi have succeeded in achieving 99.2% peak efficiency and 99.1% European efficiency with the latest PVmaster lll inverter, confirmed by the Fraunhofer Institute for Solar Energy Systems (ISE) in Freiburg following extensive testing.

Integrated web server guarantees “real time monitoring” independent of remote servers, VPN access from any place in the world is always assured. A variety of analog and digital inputs are available via wide area network, all outputs are easily programmable. LTi PowerPlantMaster is the best solution to control and regulate the solar parks, for the stable operation of photovoltaic power plant. A centralized control system like the PowerPlantMaster ensures the respective energy is utilized and fed into the grid optimally and guarantees the stable

operation by fulfilling the demands of grid operators. LTi REEnergy is in a position to respond strongly to the growing demands of the renewable energy sector in India and started manufacturing in India together with Prima Automation. Prima Automation Pvt. Ltd. is a leading manufacturer of quality panels and automation solution provider in the state of Gujarat, India. Apart from LTi REEnergy, Prima Automation will also provide Sales and Services throughout India. LTi REEnergy is fully responsible for the technology and engineering.

Five advantages of PVmaster lll

PVmaster lll is compact, lightweight and easy to maintain. The most heat dissipating components of the inverter are liquid cooled, therefore LTi inverter not only can sustain toughest ambient conditions but also will have a longer life.

PVmaster lll efficiency charts

EQ INTERNATIONAL - August 2013

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+91-22-66632222

IT TAKES MORE THAN ONE INVERTER TO POWER INDIA.

BROADEST RANGE OF INVERTERS To meet the energy needs of a growing nation, solar power will need to be tapped at every scale. And no manufacturer is better prepared for that than Power-One. From 250W single-panel MICRO inverters to commercial-grade string to utility-scale 1400kW central inverters, we offer one of the broadest and most innovative lines of inverters anywhere. And with the highest yields and most responsive service in the industry, itâ&#x20AC;&#x2122;s no surprise we have been trusted with over 11GW of installations worldwide. So whether your job is big or small, we are here to help you do it right. For technical information email sales.india@power-one.com or call +91-22-66632222

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REFU Hybrid - Grid Tied Inverters Jayashri Phalke & Nitin Bhosale ( REFU Solar Electronics Pvt Ltd )

he main challenges in the developing countries like India for Grid tied inverter is the failure of grid. It is common for large roof top facilities like data centre, workshop,factory& schools to have back-up generators at site. So the question of grid tied PV inverter interaction with backup generators is an interesting one.

4. Different engines have different efficiencies but as a very rough rule of thumb a modern engine uses around 21 litres per hour per 100kVA.

In grid tied solar PV system, the excess energy is export to the grid, when there is no load on the solar PV plant. So there is very good potential for grid tied inverter in India.

The following conditions occur when Grid Tied inverter & DG are running in parallel:

In case of grid failure we can synchronise the REFU string inverter with DG set with some considerations. All the string inverters, load & DG set are usually connected to a common distribution bus-bar. When there is grid failure in the system, inverter goes in the stand-by mode simultaneously DG set will start with AMF panels, after that When it senses the voltage & frequency, inverter will get the reference & it will start feeding power to the load.

2. Connected Load is equal to PV generator

Let us understand first what the considerations to operate the DG set efficiently & what will happen with DG set if some load will be shared by solar plant? 1. DG must be running on 75 to 80 % of its rated capacity for best efficiency and less losses. Below 25% loading not allowed from losses point of view. 2. DG nominal power factor is 0.8 lagging. 3. 10 % of overload allowed for one hour after running of every 12 hours. 44Â

EQ INTERNATIONAL - August 2013

Now with the help of above consideration, if solar plant shares some power in the plant ultimately we will reduce the fuel consumption in the plant.

1. Connected Load is more than PV generator

3. Connected Load is less than PV generator In condition 1 or 2 there will not be a problem for running the system. But for the third condition if load is less than the solar generation, then inverter will try to feed power to DG set & this situation can damage the DG set. This situation can be handled By PLC controller or dummy load or providing the reverse power protection to the DG set. REFUsol has a lot of installation in India with DG set synchronization &is working fine. There is one common question regarding the selection of DG size. The sizing of DG set in PV plant is totally dependent on the requirement of the customer like: 1. What will be the emergency load,

the day when there is failure of load in the morning hours or in the peak hours condition, 3. Power consumption pattern throughout the day Normally DG set rating will be 125% of your installed PV plant or your emergency load. So that when there is a failure of grid,by default 30% load will be handled by DG set& other remaining load will be handled by solar PV generator. We are in the phase of implementing such a controller which controls the power of an inverter according to load requirement, so the situation 3 will not occur in the scheme & it will save the diesel as well as optimize the power according to the requirement. Thus gensets operate in a reliable and stable state even with high levels of photo-voltaic plant. Grid tied Inverter is also compatible with the UPS & also we can run it with the Biomass plant& wind power plants. Application of such systems depends on case to case basis. Like what is the power consumption of the plant thought out the day & what is the requirement of emergency load? With the help of Master & slave operation philosophy we can reduce the fuel consumption in the hybrid power plant. Only issue is with the investment cost, which is more but we can reduce the running cost very much with operating each equipment efficiently in the plant.

2. DG running in peak hours or throughout

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SO L A R ENERGY

Pramod V. Hargude, Business head PIRE, Godrej Electricals & Electronics , Godrej & Boyce Mfg. Co.Ltd

“SPO / RPO ENFORCEMENT – Key Driver For Industry & Power Crisis“

he solar photovoltaic industry is passing through a phase of consolidation. Enforcement of SPOs, financial re-structuring, policies enabling RECs for small scale projects, net metering to support roof top PV, incentives for small scale users are some of the major driver for the industry in coming days. Solar Renewable Purchase Obligations (RPOs) are the minimum amount of solar energy that obligated entities – distribution licensees, open access and captive consumers – have to deliver or consume as a percentage of their total available electricity. Currently, these are set at around 0.25 percent of the total consumption of state utilities and vary across states. They can meet this obligation by purchasing the required quantity of solar power directly from producers. Alternatively, they can buy solar Renewable Energy Certificates (RECs) to fulfil RPO’s. Obligated entities that fail to buy the required quantum of solar power or RECs as prescribed by their respective RPOs do attract a penalty. Central Electricity Regulatory Commission (CERC) has determined that 46

EQ INTERNATIONAL - August 2013

the penalty for non-compliance, measured in terms of kilowatt-hour (kWh) of shortfall of solar power or RECs, is equivalent to the upper ceiling price of a REC (INR17 or €0.28 per kWh, up to the year 2012). Industrial units with captive renewable energy generation capacities are concerned over the Tamil Nadu Electricity Regulatory Commission’s order making it mandatory for them to meet the 6 % SPO ( Solar Purchase Obligation. ) Tamil Nadu is the first state to enforce SPO as per the Solar Energy Policy of 2012, approved by the Regulatory Commission, where all the High Tension (HT) consumers of power (>33KV) are obligated to purchase a certain percentage of their total power from Solar. The SPO is fixed at 3% of total energy consumption until December 2013 and 6% from January 2014 uptil Mar’15. They can do this either from a captive solar power source, purchase from a third party, including the utility or simply pay the solar tariff to the utility. Question is how SPO is key driver for the market as even after 10 months from

the release of policy, still the enforcement of SPO is so far undecided. Until there is clarity on how those who don’t fulfill the 6 % solar power requirement will be penalized no industry will go ahead and begin planning of meeting their SPO target. If it is not enforced, what will it (the SPO) be worth to the Nation? Without SPO Enforcement, it would seriously risk the entire national REC market. India’s Renewable Energy Certificate (REC) trading fell by 87 % in May’13, according to the Indian Energy Exchange (IEX), with sellers outnumbering buyers for the first time. Total trading volume fell to 19,212 compared to 153,130 in May 2012. The major reason for the lack of demand is the fact that none of the State-owned electricity distribution companies have come forward to buy any RECs, ever since the monthly REC trading started in February 2011, even though they are ‘obligated’ by law to buy . This makes RECs not-bankable. The crash is due to a supply glut that is expected to continue as the number of RECs injected into the market keeps pace with or outpaces the number purchased.

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The lack-luster performance in the REC market, according to IEX, is due to wait and watch attitude towards renewable power obligation compliance by the obligated entities. Among the obligated entities, open access consumers have been steadily fulfilling their RPO compliance through purchase of REC while distribution companies and captive consumers who are the key obligated entities have failed to meet their RPO obligation either through renewable energy deployment or through purchase of RECs.

reenergy.lt-i.com

In the case of a genuine absence of supply of solar power or RECs, the obligated entities may be allowed to carry their RPOs to the next year or can be allowed to miss the compliance for that year. This provision is expected to be reviewed on a case tocase basis. “REC market cannot take off without active enforcement of SPO/ RPO. The regulators should ensure that they meet their RPO. The introduction ;of SPOs could potentially be a strategy to offload the RPO burden onto consumers of power that constitute to the maximum power demand Introduction of a penalty is expected to trigger a demand-side pull for solar power on the Indian grid. The nation-wide demand created by RPOs is worth, for the years 201011, 2011-12 and 2012-13 respectively, 750 megawatts (MW), 1042MW and 2042 MW. To realize this potential, a lot depends upon the extent to which the State electricity regulators enforce the renewable purchase obligations (RPO). RPO enforcements should be more stringent so that the DISCOMs will implement and enforce them. SPOs will also see more distributed power in form of captive/roof-top systems, which will reduce the power deficit scenario. If there are not very strict and heavy penal provisions for not fulfilling the obligations it would not be easy for growing the Solar Industry in holistic manner & contributing significantly for making cleaner & better India.

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REI 2013 Expo India Hall Number 2 Booth Number 2.48

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low costs with high power range

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high proportion of local content achievable for target markets

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low losses with optimized cooling concept – liquid cooled PVmaster

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I NT ERV I EW

Suhas Baxi CEO PENNAR INDUSTRIES LIMITED

EQ : Please enlighten us on the history of your Group, Group Strengths, Vision, Strategy for India etcâ&#x20AC;Ś SB : Pennar Industries is a multi-product and multi-location engineering company started in 1988. Our core business has been value added steel products for various segments of the economy. Our products find applications in sectors such as Infrastructure, Automobile, Power, General Engineering, Railways and several others. Our strengths include diverse product portfolio, skilled man power and six manufacturing facilities which are strategically located in the industrial hubs of AP, TN and Maharashtra. We are in the process of expanding our portfolio of value added products and solutions and also undertaking geographical expansion within and outside India. The company has aggressive plans to expand its product portfolio organically and inorganically and achieve the target of $ 1 Billion by 2018.

EQ : Your Group has made significant footstep by winning several contracts in India. What is the role of your group in India and the roadmap, challenges in executing these projects. What was the differentiating factor which led your co win this project. 48Â

EQ INTERNATIONAL - August 2013

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SB : Pennar Industries Limited has been

SB : While the debate on cost versus

the leader in Solar Mounting Structures

efficiency still continues for C-Si and Thin

and has till date supplied structures for 450

Film, as mounting structure supplier we remain agnostic. The only difference that is observed is in the total tonnage per MW. For Thin Film, the tonnage is on the higher side compared to the C-Si.

MW generation capacity, which translates into a 30 % market share. In Solar every project is unique, with customized designs and structural requirements. We have in house tooling facilities to address theseneeds. But the challenge in such a scenario would be to evaluate possibilities of standardizing these structures for various requirements.

EQ : Every Project is unique when it comes to mounting structures in terms of kind of land, different modules, different climatic conditions etcâ&#x20AC;ŚCould you share your experiences of working in such diverse environment SB : Due to availability of a wide range of PV modules and significant geographical differences in terms of terrain and climate conditions, each solar project is unique.

EQ : What goes behind the Materials technology, Installation Techniques for Mounting Structures across various projects SB : Steel is the raw material that we use for building our mounting structures. We use Steel grades having various yield strengths and dimensions. For longer life cycle of the project we use the process of Hot Dip Galvanization using Zinc. This process enables us to make structures which are rust free and durable. Today the project developers and EPC players are experimenting with various types of foundations and Column designs and Pennar is able to cater to these multitudinous requirements.

Pennar has built mounting structures for projects across entire country. Most solar projects work on tight timelines and a relative lack of standardization makes it challenging. Pennar has overcome these hurdles with support from an in-house and state of the art tool-room, a large manufacturing capacity that allows it to deliver large orders in short lead times and a strong order management process that permits close control on logistics and after sales processes.

EQ : Please enlighten us on the projects executed and in pipeline worldwide, and India. SB : With a market share of >30%, Pennar is the source of every third solar structure in India. Pennar structures form the core of more than 400 MW of installed capacity of solar projects in India. Our current pipeline is diverse as we are catering to projects with unique requirements such as Single Axis tracking, Seasonal Tilt apart from the conventional fixed systems. We

SB : We have executed projects as and when there have been requirements. We have executed projects in the hotspots for Solar like Rajasthan and Gujarat. Currently our focus is on regions like Andhra Pradesh, Tamil Nadu, Karnataka, Madhya Pradesh, Maharashtra, Orissa and others as we witness the keenness of the project developers and some traction from the State Governments.

EQ : Could you enlighten the Developers, EPC Companies, Investors & Banks the importance and nitty-gritties of mounting solutions. SB : Solar Module Mounting Structures are important aspect of a Solar Power Plant. This we say primarily because the modules which form close to 50 % of the entire project cost are being supported by them. Any compromise on the quality of the structures could have an effect on the performance of the system, its life cycle and eventually on the

EQ : Please tell us about the team strengths and resources developed in order to offer yourServices.

investments. Moreover with projects having

SB : Pennar has close to 3 decades of track record in producing steel products. While solar structures is one of the exciting opportunities today, we derive our strength from a stable supply chain across locations, an experienced structural engineering team, proven manufacturing and quality assurance processes and effective project management systems that allow us to meet the quick turnaround needs of Solar mounting projects.

on the quality.

EQ : What are the future plans in India and other Countries ? SB : Pennar is targeting new products in the solar category. It has ventured into Solar Single Axis Tracking Solutions, rooftop structures, canal mounted solar projects,

aggressive timelines, developers should look at reputed companies that can support large scale requirements without compromising

EQ : Kindly enlighten us on the ongoing R&D within the company and the way forward for its technology, products and services.Whats your annual R&D budget SB : At Pennar we envision to reduce lead times and increase the life time of the structures. Our endeavor is to bring in an element of standardization that could help in crunching the timelines that can help the project developers to a great extent. We have initiated this especially for the rooftop projects focusing in specific regions like Kerala and other metros.

solar pumps and solar street lamps.

are currently executing structural projects for close to 30 MW

EQ : Which states are most interesting for you and why

In overseas markets, Pennar is entering the MENA (Middle-East & North Africa) markets and exploring the North American

EQ : What is your opinion on working with c-Si, Thin Film modules

market for some niche categories like car parking solar structures.

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EQ INTERNATIONAL - August 2013

49Â

SO L A R ENERGY

Indian Solar PV Power Market â&#x20AC;&#x201C; Miles Covered And Road Ahead Mr. Alok Tripathi (Co-founder IndianPowerSector and Director Power Plus Consultants) What is the difference between Indian solar PV market w.r.t solar markets in E.U and U.S.? The answer is simple for E.U. and U.S. solar or renewable power is a green and safe alternate option to Coal and Nuclear based production. However, for India it is utmost necessity for fuelling the sustainable growth.

Why solar make Sense in India: Electricity Mix in India: India primarily and vulnerably depends on fossil fuels to meet its energy needs and with increased volatility in prices in fuel market, India must focus on RE sources to maintain our energy security India has an installed power capacity of almost 225 GW of which only 12.7% (over 28 GW) is based on renewable energy sources Among renewable energy sources, nearly 68% of the capacity is contributed by wind power alone. The solar with is unique capability of omnipresence presents a solution to these vulnerabilities and necessities which makes it a sensible choice for India.

Growth of Indian Solar Market The Indian solar market has grown from 2.12 MW in 2008-09 to 1800 MW till July 2013, with around 2 GW projects under implementation currently.

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EQ INTERNATIONAL - August 2013

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Sr. No. States

Installed Capacity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Total

(MW) 43.15 0.025 4 2.525 1.685 852.09 7.8 30 14 0.025 11.75 184.5 13 9.325 584.75 17.055 10.05 12.375 2 1800.105 MW

Andhra Pradesh Arunachal Pradesh Chhattisgarh Delhi Goa & UT Gujarat Haryana Jharkhand Karnataka Kerala Madhya Pradesh Maharashtra Odisha Punjab Rajasthan Tamil Nadu Uttarakhand Uttar Pradesh West Bengal

Till now the market is driven by the projects under preferential tariff projects awarded under different national and state level policy. The other markets like REC and third party sale are still in very nascent stage due to one or other region.

Future Potential: With a current deficit of peak power

required at 13% and continuously increasing price of fossil fuel based power, the future potential for abundantly available solar power is unlimited in both grid and off-grid space. If India only fulfill its NAPPC targets of 3% share of solar energy by 2022 it will require a installed capacity of more than 34 GW.

Brief Profiling of developers for Indian Solar sector: The Indian Solar PV power market is currently highly diversified with investor

profile including pure solar project developers like Kiran Energy to diversified business groups like Malpani Group. The following chart provides information regarding the different projects done by major developers.

Module Supplier and Inverter Supplier Snap Shot: Our analysis and market research shows that out of around 1200 MW capacity installed under Gujarat Solar Policy and under different phases of NSM, 65% modules are of thin film technology.

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ϭϬϬϬн DtƉ ^ŽůĂƌ WŽǁĞƌ ŝŶƐƚĂůůĞĚ ϱϬϬн ŽŶƐƚƌƵĐƟŽŶ tŽƌŬĞƌƐ ǁŽƌůĚǁŝĚĞ ϭϬϬн WĂƚĞŶƚƐ ŝŶ Ws ƚĞĐŚŶŽůŽŐǇ dŚĞ ŶĞǆƚ ŐĞŶĞƌĂƟŽŶ ŽĨ ƉŚŽƚŽǀŽůƚĂŝĐ ƐǇƐƚĞŵƐ ŐĞŶĞƌĂƚĞƐ ƉŽǁĞƌ ĐŽŵŵĞƌĐŝĂůůǇ ǀŝĂďůĞ ĐŽŵƉĂƌĞĚ ƚŽ ƚƌĂĚŝƟŽŶĂů ĞŶĞƌŐǇ ƐŽƵƌĐĞƐ͘ > dZ/ ŽŶůǇ ƵƐĞƐ ƐƚĂƚĞ ŽĨ ƚŚĞ Ăƌƚ ƉŽǁĞƌ ƉůĂŶƚ ĐŽŵƉŽŶĞŶƚƐ ƚŽ ĐŽŶƐƚƌƵĐƚ ŚŝŐŚ ƉĞƌĨŽƌŵĂŶĐĞ ƐŽůĂƌ ĨĂƌŵƐ͕ ǁŚŝĐŚ ŽīĞƌ ůŽǁ ƌŝƐŬ͕ ŚŝŐŚůǇ ƉƌĞĚŝĐƚĂďůĞ ĐĂƐŚ ŇŽǁ ďƵƐŝŶĞƐƐ ŽƉƉŽƌƚƵŶŝƟĞƐ͘ dŚĞ ŐƌŝĚͲƐƵƉƉŽƌƟǀĞ WŽǁĞƌ ŽŶĚŝƟŽŶŝŶŐ hŶŝƚ ŽĨ > dZ/ ͛Ɛ DĞŐĂtĂƩ ůŽĐŬ ƐƚĂďŝůŝǌĞƐ ǇŽƵƌ ƌĞŐŝŽŶĂů ĞůĞĐƚƌŝĐŝƚǇ ŶĞƚǁŽƌŬ͘ DĂǆŝŵŝǌŝŶŐ ǇŽƵƌ ƉŽǁĞƌ ĨĞĞĚͲŝŶ ƚŽ ĨƵůůͲĐĂƉĂĐŝƚǇ ŐƌŝĚƐ͘ /ŶŶŽǀĂƟŽŶ͕ ƚŚĂƚ ĞŶƐƵƌĞƐ ǇŽƵƌ ƐŽůĂƌ ŝŶǀĞƐƚŵĞŶƚ͘ &Žƌ ŵŽƌĞ ŝŶĨŽƌŵĂƟŽŶ ƉůĞĂƐĞ ǀŝƐŝƚ ǁǁǁ͘ďĞůĞĐƚƌŝĐ͘ĐŽŵ Žƌ ĐŽŶƚĂĐƚ ƵƐ ĚŝƌĞĐƚůǇ ŵĂŝů͗ ŝŶĨŽΛďĞůĞĐƚƌŝĐͲŝŶĚŝĂ͘ĐŽŵ Žƌ WŚŽŶĞ͗ нϵϭ ϮϮ ϲϲϵϳϱϯϴϮ

Developers Lanco Solar

Policies State Policy

States Gujarat

MWs installed 35 MW

EPC player Lanco

RPSSGP JNNSM JNNSM State Policy JNNSM Open Access

Rajasthan Rajasthan Rajasthan Gujarat Rajasthan Maharashtra

1 MW 20 MW 20 MW 20.6 MW 20 MW 125 MW

Lanco Vikram Solar L&T

REC State Policy State Policy JNNSM JNNSM(I,II) JNNSM State Policy State Policy Open Access

Rajasthan Gujarat Gujarat Rajasthan Rajasthan Punjab Gujarat Gujarat Rajasthan

5 MW 10 MW 10 MW 25 MW 40 MW 2 MW 10 MW 5 MW 40 MW

Module C-Sun (30 MW)

Inverter make Bonfiglioli Vectron, Refusol, Eltek

Jakson Kiran Energy Fonroche Mahagenco Sunborne Green Infra Azure

Reliance

Vikram Solar First Solar Sharp Mahindra First Solar 75 MW - Lanco & Juwi, 75 MW crystalline, 50 50 MW- ME&AIS In house In house JUWI JUWI Azure Azure Sun Edison Azure L&T

Schneider SMA SMA Schneider

MW thin film SMA Suntech First Solar First Solar First Solar Sun Tech First Solar, CHINT First Solar

SMA SMA SMA SMA SMA SMA, Power One Power One

Coming to the ext most important part of solar power plants the Inverters, our market research suggest that as of January 2013, central inverters accounted for 95% of the installed capacity in the country. A brief break-up of the inverter manufactures is as shown below,

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EQ INTERNATIONAL - August 2013

SO L A R ENERGY

Solar Industry And Its Employment Potential Tanmay Bishnoi - CEO ADS Projects & Systems Private Limited

he job opportunities are unlimited as the potential of solar power generation is also unlimited. While solar energy production has the potential to end the power woes of a country, the added advantage is that it also creates a plethora of new job opportunities for its citizens. In 2009, a little over three million people worldwide were estimated to work directly in the renewable energy sector, with additional indirect jobs well beyond this figure. Because of a growing interest in renewable energy and the increasingly competitive prices of alternative energy sources, solar power has received a lot of attention. According to a report, India faces a power deficit of about 11 per cent in the overall demand and 12 per cent in peak demand. Also, with an expanding economy, the demand for power is growing at the rate of approximately 6 per cent every year. Meeting the increasing demand for electricity and expanding electricity access to remote villages are the two major challenges before India. To compensate the electricity shortage in India, as part of the national initiative – Jawahar Lal Nehru National Solar Mission (JNNSM) the Indian solar industry is expanding rapidly. This growth is helping to generate many new, well-paid jobs in solar power for Indian citizens. As per official statistics, in order to fulfill the 20,000MW installed capacity targets 54

EQ INTERNATIONAL - August 2013

under the Jawaharlal Nehru National Solar Mission, the Indian solar energy industry will need an estimated 300,000 people by 2022 across all domains, profiles and levels.The advancement of the solar power industry has led to job creation in a number of other occupations. Many of these jobs do not concentrate on solar power, but they provide support to solar energy production and contribute to the industry as a whole. Solar Value Chain : Building a solar power plant is complex and site selection requires proper research and planning. The solar industry includes workforce from management, science, engineering, manufacturing, construction, and installation backgrounds.Real estate brokers are instrumental in procuring land for which they must have specialized knowledge of land specifications for solar power plants. Once a site has been selected, civil engineers are responsible for the design of the power plant and related structures. Construction managers oversee the construction of solar power plants, from site selection to the final construction of the plant. They supervise a team of diverse occupations, including engineers, scientists, construction workers, and heavy-equipment operators. Civil engineers design and supervise the construction of power plants. They are also responsible for designing necessary infrastructure, including roadways, support

structures, foundations, and plumbing systems..Electrical engineers are responsible for designing the electrical circuitry of solar panels and supporting devices for panels, such as inverters and wiring systems. Engineering technicians assist engineers with solving technical problems in research, development, manufacturing, construction, inspection, and maintenance. Mechanical engineers research, design, develop, manufacture, and test tools, engines, machines, and other mechanical devices used in the solar power industry. Computer software developers are used in forecasting weather and sunlight patterns to assess the feasibility and cost of generating solar power in a particular area. Solar photovoltaic installers are key to the process of solar panel installation and maintenance. They use specialized skills to install residential and commercial solar projects. Solar photovoltaic installers are often self-employed and typically have training &experience with installing solar power systems. Solar manufacturers need trained salespeople to sell their products to customers. Sales representatives, sales engineers, and sales managers are instrumental in matching a company’s products to consumers’ needs. Shortage of skilled technical workforce - There is a widespread skill shortage of engineers and technicians in all parts of

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the renewable energy industry, which comes from a broader trend by students moving away from engineering studies. Qualified design engineers (civil, mechanical and electrical) with specific knowledge of particular renewable energy technologies are especially needed. For technician and skilled workers, workplace-based initial training will benefit at national or sector level. At higher skilled levels, universities will benefit who work closely with social partners to determine course content and forge links with solar industry. Those already working in renewable energy require appropriate education and training to fill gaps in their existing skills. Ideally, the workshops / training programs organized by ADS Global Knowledge Academy strike a good balance between providing a sound education, developing knowledge to work with current technology from all suppliers, and developing detailed knowledge to work with one or more specific suppliers. The right career move: Green careers are becoming more popular as the interest in solar energy grows particularly amongst

people who have experience within the construction industry.Solar sector offers many varied roles, including solar energy system installer or designer, sales consultant, installation electrician, engineering technician, photovoltaic design engineer, fabrication technician and installation foreman. Extensive training is important to help you reach an acceptable level of competency and is therefore advisable to discuss with an expert.This will ensure that you enroll on the correct and most cost-effective course for you.Before undergoing training it is necessary to decide which area of the career you wish to enter. Training courses are available for anyone who wants to enter the Solar Industry as well as for professionals working in the solar industry. The skill set required in solar manufacturing units tends to be slightly different from the ones in other departments like marketing, sales and administration. For marketing and sales in the solar sector, an aspirant can focus on getting an MBA from a reputed college combined with the relevant business development experience in executing

large projects and having specialized training in Solar Marketing. For solar power plants, a B.Tech or M.Tech graduate can get a good job in the solar industry with a specialized Solar System Design, Installation & Maintenance training. According to The Green Jobs Report, with strong policy support, up to 6.3 million people could be employed in solar PV. It is estimated that globally there are about 1.5 million direct jobs. To sum up, the Solar PV industry consists of the various market players involved in the R&D, manufacturing, installation, and sale of PV systems and components and can be classified in the following categories– a) PV research and production technologists’  are typically involved in research and development (R&D) of PV panels and of the balance-of-system components b) PV researchers typically require a university education in technical areas such as physics and engineering. Electrical, mechanical, chemical, materials, system design, and process engineers often fill the positions.

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c) Solar system designers are involved in designing and integrating the various components of a PV system. d) Solar system installers posses similar knowledge to system designers; however, their skills should be more in the area of hands-on and working knowledge rather than theoretical. e) Maintenance personnel are involved in post-sales or post-installation technical support and should posses troubleshooting capabilities. f) Technical sales specialists require a detailed knowledge of the equipment they are selling and should be very familiar with the various components of the PV. g) Human resources and administration staff generally require some general knowledge on Solar Systems for better management. h) Inspectors do not necessarily require a particular certification, but they should have an intimate knowledge of codes and standards to ensure that installations are compliant.

Thereare certain challenges faced by the Solar Industry a) As more programs are being offered by a variety of educational providers, there are a number of issues that have to be addressed in order to make these programs useful for the renewable energy job market. b) There is growing concern that the lack of availability of skilled labor may cause a bottleneck for the industry if the latter continues to grow as rapidly as it has and a focused recruitment strategy is not in place. c) Disconnection between the training offered and the actual needs of the industry d) Lack of qualified trainersfor quality design &installations

To ensure that these workforce development efforts are successful, ADS Global Knowledge

Academy has taken the following steps a) Focus on recruitment into existing training programs and following best practices for quality solar installations to take place. b) Implement new courses and continual improvement of the existing ones. c) Industry specific training courses, which would help avoid negative perception in the marketplace resulting from bad installations and ensure that public investments create lasting public value, quality economic development, and good wages and benefits. The training programs developed by ADS Global Knowledge Academy have inputs and feedback from industry stakeholders,which helps to bridge the gap between the theoretical studies and the practical applications. Another area, which is being looked into, is the creation of public/ private workforce training partnerships with community-based organizations, industries, companies and educational establishments like schools, colleges & universities to fill the gap for the Solar boom to come.

ƒ ƒ ƒ ƒ ƒ ƒ

SO L A R BO S

Prevent Damage With Consistent PV Connections Chandan SINGH - Business Unit Manager Connectors & Robotics Division STÄUBLI TEC SYSTEMS INDIA PVT LTD

xperts affirm that seemingly small components such as PV connectors have great impact on the functionality of the entire system – and may cause serious damage in case of improper use or faulty installation. Allegedly “compatible” PV connectors of different origin bear a high risk of overheating when combined, which may result in failure or even fire. MultiContact, market leader in PV connection systems, therefore warns against copies and counterfeits, but also against the loss of certification when products from different manufacturers are mixed.

Compatibility is a myth Everybody should be aware that TÜV certifications and UL recognition are only valid if the cable systems fitted are consistently from one certified manufacturer. Both institutions reject combining connectors of different makes. When connectors are claimed to be ‘fully compatible’, this is mostly advertising speak without any real backing. TÜV Rheinland, for example, guarantees the ‘compatibility’ of PV connectors only for products in the same range from the same manufacturer, or products from contract partners using the same materials and keep one another informed of any changes. Their test of “crossover connections” with PV cables came to some disillusioning results: The connector temperatures in the mixed connections were significantly higher than maximum level. Further, while the contact resistance of these connections was low at first, it increased significantly over time, while that of combinations with connectors from the same range remained virtually consistent.

Small parts – big impact The Fraunhofer Institute for Solar Energy Systems ISE has been investigating the fire risk of PV systems and reports that 58

EQ INTERNATIONAL - August 2013

Cross section through MC4 connector with Multilam – Only consistent matings of connectors of the same type guarantee a safe and stable connection.

in the 1.3 million PV systems in Germany 350 fires occurred over the past 20 years. In almost half of the cases the fire was caused by the solar systems; major damage was done in 75 cases, and in 10 cases the building burned down completely.

Beware of false standards and forgers The Swiss company Multi-Contact is market leader in PV connectors, and one of the pioneers in the field. Their PV connectors have been used millions of times all around the world. The MC3 and MC4 connectors provide safe and efficient electrical connections, based on the MC Multilam Technology. Today, these connector systems are considered by many as a “would-be standard” – in reality, such a standard does not exist.

Faulty installation or the use of noncertified connector systems can lead to long-term damage, even if at first everything seems to be working smoothly. In some cases the connectors get so hot they catch fire. Allegedly “compatible” connectors or copies are usually lower in cost than the But, of course, where there is success, original, which, of course, is tempting. there are imitators. Particularly the MC4 Competition among PV installers is tough, connectors are constant target of product and the price often determines who wins forgers. the contract. However, this means saving at the wrong end, and may result in severe legal consequences. If connectors from different manufacturers are combined, the warranty becomes void, as such combinations are considered faulty, and manufacturers accept no liability. Even if the connectors appear to fit, these combinations do not comply with standards and would be objected in a thorough inspection. Over time, exposed to external influences such as sun, rain, pollution or mechanical tension, the connection is likely to deteriorate. In the best case this results in lower yields for the operator. However, there is also the risk oft the connectors melting and catching fire due to Faulty installation, mismating or combining connectors from different manufacturers can lead to overheating, overheating, or safety hazards if system failure or even fire. Fortunately, in this case it did not spread… live wires are exposed.

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safety. With the aim of making quick money, forgers put the installation, and even the lives of installers and operators, at risk. Multi-Contact takes severe action against such companies, and has filed a number of successful lawsuits in the past. For safety reasons, MultiContact warns against the use of forgeries. Customers who Images taken with a thermographic camera show unknowingly received illegal the temperature increase in various connector combinations. Cross connections with products from copies when purchasing MC3 different manufacturers reach critical level. or MC4 connectors have the Multi-Contact distinguishes between right to replace the connectors illegal copies or forgeries on the one hand, at the expense of the installer or retailer and authorized copies or imitations on the responsible for the fraud. other hand. It is more difficult to take steps Forgeries are sold using the original against imitations, which can look very name or logo, leading the unsuspecting similar to the originals, but never exactly customer to believe he has the original alike. Such imitations are often advertised product in his hands. as “compatible”. Multi-Contact, however, These low-quality copies are usually categorically refuses to accept any liability hard to tell from the original just by if these third-party products are used. looking at the outside. But on a technical level, the forgeries often show considerable shortcomings when it comes to quality and

Markus Müller, Key Account Manager at Multi-Contact Germany, notes: “If you consider the importance of the quality

of the connectors for the safety of a PV system and its yield, I believe our position is understandable.”

Where reliability is key While in industrialized countries and urban areas the failure of a PV system is mostly a matter of money, in rural areas all over the world it can become a matter of life and death. In such areas the solar systems are often the only source of power. They enable better medical care and improve communication. If the population is expected to rely on these systems and recognize the added value they provide, current installations need to be exemplary in terms of reliability and safety, and operate flawlessly. Quality connectors can thus largely contribute to the success of photovoltaics even in the most remote corners of the earth.

SO L A R BO S

More Than Just A Check Shivendra Singh Yadav - Manager Sales & Business Development, Solar-Log™ Asia Pacific Holger Morneweg - General Manager, Solar-Log™ Asia Pacific

alfunctions in a solar power plant are more than just annoying: they cost hard cash — especially if they go unnoticed for a long time. Modern monitoring equipment helps to prevent drops in yields, and offers a wide range of useful additional functions which make operating a solar power plant even more cost-effective. Typical case: A PV installer was recently called to a plant that was offline due to a technical fault after operating three years. The customer did not notice the breakdown until two months later and had to call the installer to repair the PV plant so that the plant could generate power fault-free again. Due to the fault, the customer lost out on payments during the prime summer months. To prevent this from happening again, the customer followed the installer’s advice and installed a monitoring system so that he is immediately notified about any malfunctions with his PV plant. The system is also set up so that the installer is also informed about any malfunctions in his additional role as supervisor. “In this way, I can offer my customers comprehensive service, so that when problems arise, I can immediately analyze them and carry out any necessary repairs or other measures,” he explained.

Ensuring PV yields and avoiding CO2 emissions Nowadays, numerous plant operators use the monitoring system for more than just detecting disturbances; they use monitoring devices, so-called data loggers, to calculate the current solar power yield, the total yield for a particular day, month or year, as well as the total yield for the plant’s entire operating time. The reporting programs show how high the yields are in the currency for the country (euro, pounds, dollars etc.) and how much CO2 emissions have been avoided with solar energy in comparison to 60

EQ INTERNATIONAL - August 2013

Image 1: Illustrating how solar log fits into a domestic installation enabling the consumer more control over their energy usage.

conventionally produced electricity. “Most of my customers operate a PV plant not only for the potential returns, but particularly because in doing so they can also make a contribution in reducing climate change,” Schneider explains. For example, a PV plant can reduce C02 emissions by more than 6 tons per year. There are various ways of viewing an analysis of yield values. A few data loggers have an on-board display that depicts all the key indicators in the form of simple graphics and tables. More convenience and a more detailed graphic analysis do, however, make it possible to connect the monitoring device to the internet via the DSL connection, a modem or via an optional wireless card, and to view the analysis in large-screen format in the comfort of your own home. Needless to say, data can also be incorporated on your own homepage, or on the website of the installer, meaning that the information can be accessed around the clock from anywhere in the world - even when on vacation.

Applications for mobile devices such as iPhones are even available now. In addition to the yield in kilowatt hours and euro (or in dollars, pounds etc.), the savings in terms of CO2 and the prevailing efficiency level of the inverter, the online view can also show the inverter temperature characteristics. These are fundamental to the efficiency rating of the plant. The characteristics curves of individual inverters can also be read out from plants with several inverters.

Numerous causes – from shadowing to rodent damage How does a data logger actually function? Where does this information come from, and how does the device know that there is a fault in the system? Jörg Karwath, CTO at the Data Logger manufacturer Solare Datensysteme, explains: “The data logger is connected to the inverter by a data interface, from which it receives up-to-the-minute data such as the amount of electricity fed in, inverter error

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messages or the temperature of the inverter. And that goes on continuously throughout the day.” The data logger compares the outputs between the inverters or individual strings. A separate irradiation sensor can also determine deviations between the potential and actual output. If those values differ over an extended period, Solar-Log™ reports a fault and sends an e-mail or text message (SMS) to the operator or to the solar power support specialist. Unlike the monitoring devices that the inverter manufacturers offer to complement their inverters, the appliances from the German high-tech company are able to work with all of the commonly available brands and types of inverter. “The underlying causes of faults can be many and varied,” states Karwath from experience. “From shading caused by a fallen tree to rodent damage to cables, and even the complete failure of an inverter - we have seen it all.”

Effectively managing and utilising selfproduced power “A data logger must do much more than just saving, evaluating and processing data,” Jörg Karwath points out. It should also be able to optimise the consumption of self-produced power. This is not only worthwhile for environmental reasons, but it also increases the returns in some countries and makes it possible to install larger plants. The German monitoring system not only monitors but also controls power consumption in regard to the management of self-produced power. The only requirement for the measurements is an additional power meter that transmits the power consumption to the data logger. The current power production and consumption are subsequently displayed in a clear graphic. With just a quick glance at this graphic, you can determine if enough power is being generated to start additional electrical appliances. In addition to recording the amount of power generated and consumed, Solar-Log™ additionally offers the possibility to automatically turn on and off electrical appliances depending on the amount of energy being produced. For example, water heaters can be turned on when power is being produced and remains active throughout the day. If power production increases further, additional appliances such as air conditioners can also be turned on automatically. The customer can determine if

appliances are turned on for a minimum period of operation or off again once a certain power production threshold is reached. It is also possible to configure the latest time by which the appliance is to be turned on even if there is no sufficient production. New remote control technology offers additional functionality in regards to privately owned PV plants

Image 2: Easy to access and read is a key component of data logging tools to increase the ability to react to information

In some countries such as Germany, new feed-in management technology has already been introduced for utility companies to have direct access to privately generated PV energy. They are able to establish how much energy is allowed to be delivered from decentralised power generation sources to the grid. To enforce these regulations, special control technology is usually employed. Solar-Log™ now offers extensive functions to manage power generated by privately owned PV plants - even to control and adjust reactive power, which is especially important for long-term grid stability; more and more inverter manufacturers have already revised their technologies in order to react to this power management system. Many utility companies will further require a feedback of the actual power and reactive power of all PV plants connected via their grids. Specifically designed power management packages not only allow a universal connectivity of the data logging equipment to the utility companies, but also support these by helping to stabilise the grid.

Portioning the amount PV energy that is used self-consumption and fed into the grid Data loggers especially designed for feedin power management can also be configured so that a certain pre-set percentage of power is fed into the grid and the rest is available for industrial or household self-consumption. The option is particularly attractive in regions where only a certain amount of PV power is allowed to be fed into the grid. Jörg Karwath explains the function in regards to 70 % fixed regulation for feed-in power: If the amount of DC power from a PV plant should be limited e.g. to 70 %, it is

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possible to use the rest of the power for selfconsumption. The 70 % throttle only applies to the ‘feeding point.’ As a consequence, it is possible to generate more AC power at the inverter when it is warranted that the surplus power in used for residential or commercial self-consumption. A plant with 10 kWp then has to be limited to a maximum of 7 kWp with the 70 % throttle. If a 600-watt appliance, such as a stove, is turned on, the inverter can convert 7.6 kWp to A.C. power. At the feed-in point, then only 7 kWp is delivered. For this practical form of utilising selfproduced power, the only requirement in addition to an appropriate monitoring system is a digital power meter.

Further developments in feed-in power management Depending on the target market, regulations for feed-in power management are still rather complex. PV plants may be divided into various categories, each with its own set of regulations. However, feed-in management is also becoming relevant in other countries as the amount of PV power installed continues to increase. For example, standardised communication, according to IEC Norm 61850, between grid operators and decentralised generating plants will be regulated by law in the future some countries. The norm specifies a general transmission protocol for electrical switching systems. Today, it is already possible for the monitoring system to communicate directly with the grid operator’s control centre. This standardised communication between PV power generator and the respective grid company shall also become more attractive for India’s PV market in the near future.

EQ INTERNATIONAL - August 2013

SO L A R BO S

Balance Of Systems: An Important Factor In Performance Of Solar PV Installations Mr Brinder Gandhi - Business Development Manager, LEONI Cable Solutions India Pvt Ltd

nergy delivered from a Solar PV

Solar PV installations are subject to

by the Arrhenius equation is that the reaction

system is not only dependent on

harsh conditions such ashigh temperatures,

rate doubles for every 10 degree Celsius

the efficiency of the module but

UV radiation, water, moisture, dust,etc

increase in temperature.To determine

also on other system components like DC Cables, Connectors and Junction Boxes. While designing the solar farm, engineers have to factor the losses from modules to the inverters to calculate the over-all performance ratio of the farm. Low quality solar cables and connectors will lead to small increases in resistance and result in higher losses of energy (I2Rt).The loss of energy already harvested, when calculated over a twenty five year life represents a substantial loss and would affect the profitability of the project.

resulting in the accelerated ageing of the

the long-term temperature stability of an

Solar DC cables in the field. Ageing of cable

insulation material, the different ageing times

insulation and jacket material is nothing but

corresponding to different temperatures are

a chemical process which is dependent on

measured and recorded in the Arrhenius-

Thermal Degradation (high temperature)

Diagram (shown below). A straight line

and Photo Degradation (UV).

is drawn to connect the various recorded

To determine the thermal ageing effect, the Arrhenius equation is a simple and accurate formula for the temperature dependence of reaction rates. It is used to model many thermally-induced processes/ reactions. A useful generalization supported

points. By extending the straight line until it intersects the 20,000 hours axis, it is possible to determine the service life or the temperature index. A 10° C shift in temperature will increase or decrease the process by a factor of two.The temperature index as per IEC 60216 defines the ageing

A high quality Solar DC Cable is expected to perform for the complete lifetime of the installation which is about twenty five years. The cost of replacing a defective installed cable is very high. The replacement costs increase when factoring in manpower used for removal, reinstallation and testing of the system. In addition, there are losses in power output and revenue generation. The cost of these cables and connectors is very small in the total cost. Since the differential cost of the high quality cables is insignificant, it makes sense to invest with higher initial cost and reduce the “total cost of ownership”of a PV plant. 62

EQ INTERNATIONAL - August 2013

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temperature (in °C), at which the material

sunlight and heat up. Some materials become

irradiated cables for solar application in the

still has elongation at break of 50% after

hot but others, like plastics, degrade. The

90’s. These are still performing in installations

20,000 hours. TUV rates cable at 120°C

UV component of sunlight breaks the bonds

in Europe.LEONI produces and develops

@ 20000hrs with working temperature of

of the polymer chains. The broken chains

compounds for insulation and jacket materials

-40°C to 90°C for solar DC cables resulting

make the material brittle. The material loses

in-house.With capacity improvements over a

inthe life expectancy of cables at 90°C to

mechanical properties, color etc. To prevent,

period of time, it today has the world’s largest

be >25 years.

this carbon black is added. It absorbs the

beta beam cross linking facility contributing

UV rays and converts it into heat and this

to the highest production of solar DC cables.

is dissipated. Research and experimental

LEONI first launched UL/TUV dual approved

data on some materials has shown that the

cables in 2005 and invented 1,000VAC UL

natural material (no color added) falls below

and 1,500VDC TUV cables which will be

50% in less than 6 months exposure. This

used for solar installations in the future.

can be compared to carbon black which

LEONI can supply the complete system from

shows that even after 30 months exposure,

junction boxes for module manufacturing to

the product is still well above the 90%

cable systems and connectors for Solar PV

retention value. Solar DC cable must be

installations from its production facilities

incorporated with finely dispersed carbon

all over the world. To support our customers

black in jacket materials,resulting in black

for fast installations of PV power plants

color outer jacket, for their prolonged outdoor

LEONI has stocks available in India, Europe

service life.

and USA.

To reach this rating, solar DC cables are normally treated with irradiation through an electron beam cross linking process resulting in high temperature resistance of the insulation and cable jacket material. Ageing stability primarily depends on the polymer itself and the additives. The dosage of energy given to a compound in the electron beam crosslinking process determines the degree of crosslinking of the polymer. LEONI’s cross linked BETAhigh-performance compounds fulfill high requirements of solar PV applications. Solar DC Cables are exposed to direct sunlight and the effect of this on cables has to be kept in mind. The materials absorb

The LEONI group is a leading PV cable supplier. LEONI started electron beam crosslinking in 1984 and supplied beta beam

PASSION FOR POWER.

Clear as the light of day: Energy and More! ENYSUN harnesses the power of the sun for your photovoltaic plant. Professional and smart through prefabrication. Safe thanks to the highest quality material. Conforming to standards with Hensel expertise. n Generator junction boxes and solar inverter collectors for PV plants up to DC 1000 V for every type of system: Grid, On Grid and Off Grid n Degree of protection IP 65, protection class II, n Comply already with the requirements of the new IEC 60 364-7 Part 712 Draft Hensel Electric India Pvt. Ltd. www.hensel.in

P O ST SH O W REP O RT

Regulators & Policymakers Retreat 2013 By IPPAI

he Independent Power Producers Association of India (IPPAI) with the support of Ministry of Power & Ministry of New & Renewable Energy, Govt of India has organised the Conference – The 14th Regulators & Policymakers Retreat 2013” at the Marriott Resort & Spa, Goa from 1-4th August 2013.

sector such as the National Power Beltway (NPB) is a meshed transmission network consisting of large number of high capacity National, regional and State Transmission corridors connecting load centers and

politicised the police, administrators, to the extent some of them are more loyal to the party in power than the party workers” Mr. Ajoy Mehta (IAS), MD, MSEDCL pointed out, “we started with a crisis and we

The four day residential retreat had received participation from over 35 state and central regulators, and policymakers from states across India, Ministry of Power, Ministry of New & Renewable Energy, Energy Secretaries, Central Electricity Authority, PSUs, Utilities, Transcos, Discoms, IPPs, CPPs, Industry Stake holders, Investors, Consumers and Experts. There was international participation from the Governments of Pakistan, Bangladesh, United Kingdom and United States. The issues of national and international significance that were deliberated at the Conference include: Development versus Democracy; Why will the Electricity Act continue to fail to deliver?; Fuel Supply Issues: A big risk to Indian Power Sector; Regulatory Uncertainty; Issues in Hydro; Geopolitics of Energy and Security of Critical Infrastructure; Failure of Competitive Bidding; Lack of Sanctity of Contract; Issues in Distribution & Open Access; Issues in Transmission: Grid Failure & Grid Constraints; Opportunities in Energy Efficiency – White Certificates & Waste heat to power; Smart Grid Vision and Roadmap for India; Transnational Trade of Electricity; The Water - Power Nexus; Issues in Renewable Energy. Mr Harry Dhaul, Director General, IPPAI in his opening speech said“Economic development gives rise to increasing disparities between the haves and have-nots. How can we have development in a socially inclusive and environmentally sustainable way?” he asked. In the session on power transmission which was chaired by Mr. Devendra Chaudhry, Additional Secretary, Ministry of Power, Government of India, Mr. Dhaul discussed new ideas for development of the power 64

EQ INTERNATIONAL - August 2013

generating stations which shall enable a nation-wide plug and play flexibility to power generators and consumers. It can connect generation locations in energy resource rich Middle East, Central Asia, India and China to load centers across the region, thereby ensuring the energy security of the entire region; hence it is of significant strategic value for the country. Also it can serve as a source of forex income for India through international power flows. Mr. Dinesh Trivedi, MP, Lok Sabha in his opening speech spoke about economic might -“whosoever has the gold, makes the rule” “We all listen to what America has to say” When China tells us that this is their territory not ours, and we don’t protest this with their ambassador, it shows that we acknowledge China’s might. He also talked about the base or pillar of Democracy-Parliament does not function on as well it should, the truth is administration has failed the people. Today if parliament functions properly, it becomes a news item”. He also talked about 200 districts of India where democracy does not interest people – red corridor – which is controlled by naxalites. He also said, we have

ended in disaster, the problem is that we act like government although we are primarily set up to act like a company, by example of the nature of the regulator being set up in the sector” He said, “ The Act has given enough a roadmap, you said so; but why not implement it? There is surplus power, yet there are power shortages for the consumer” Mr. Sunil Wadhwa, CEO, IL&FS discussing coal issues suggested that domestic coal linkage/ allocations may be directly to Discom as end retail prices are fully regulated. Will also avoid allegations of misuse of mines by private allottees. This would create steady market for large MDOs. Price advantage in collective bargaining by Discoms through an aggregator for coal imports. This will completely resolve the issue of risk allocation of fuel between Generators, Procurers/ Discoms Mr. PR Ray, Chairman, West Bengal State Regulatory Commission said that, “we have not been capable of delivering the points laid down in the Electricity Act because the Act indicates more about the Centre and not the States. Therefore the State level

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regulatory commission are not come in terms with the Laws laid down in the Act”

give back to the people what they wanted this government to.

Mr. PC Pankaj, CMD, NEEPCO identified issues in Hydro power development by saying that the State policies on Hydro are not always intertwined with those of the Central Govt. The project developers could not fulfil their projects due to lack of support from the Govt.

How do we ensure that coalition that come three years stability at least in order to take a policy for development where they are not afraid that their decision will tomorrow make the government fall or where the entire functioning of government is held hostage to one constituent of their coalition. The problem is how do you make such coalition work when they come together posting election as part of a government. All of us need to think because unless we resolve that it very difficult to ensure that the two concepts don’t become opposed to each other - governance and development. There are instrumental ways in trying to pursue reforms so that democracy and its functioning ceases to be such a barrier in development.”

Jayant Kawale, MD, Hydro & Renewable, Jindal Power referred to the recent catastrophe in Uttarakhand as an extreme weather that caused the disaster not the hydro projects” He said India is totally dependent on imported Coal and not on Hydro resources. Regulatory Commission should mandate procurement of hydro power ” Mr. Raghvendra Mehta, President, Reliance Infrastructure Limited, said”When CERC decide for an Intra-State, the effect it has on multiple states and the consequence of that is not addressed at that particular point of time as to how to handle that situation. What are the consequences and why does it happen? – At a State level, if you look at the Private Sector Utilities, they are pre-dominated in the cities, whereas, the State utilities are extended in cities and rural areas. To protect the rural areas, the State Government comes forward and says ‘Okay, here is the subsidy for them but don’t expect that in the cities. Now what does the regulators do? Is it a bias created by the regulator? Is it the uncertainty created by the regulator? One has to analyze and look at it.

The highlights of the Retreat included the IPPAI Power Awards 2013 with Deloitte & Crisil as its knowledge partner were presented by Mr. Devendra Chaudhry, Additional Secretary, Ministry of Power,

Government of India, at a glittering ceremony to award winners across 16 categories. The Lifetime Achievement Award and the 21st Century Power Visionary Award were given to former Chairpersons of the Central Electricity Regulatory Commission: Prof. SL Rao and Dr. Pramod Deo respectively for their distinguished services to the Indian power sector. Distinguished members of the Jury were 1. Prof. S L Rao- Former Chairman, CERC 2. Mr. Anil Razdan- Former Secretary, Ministry of Power 3. Mr. Ajay Shankar- Former Secretary – DIPP, Ministry of Commerce & Industry, & Member secretary National Mfg Competitiveness Council(NMCC) 4. Mr. V Subramanian-Former Secretary, Ministry of New & Renewable Energy

Solar Panels From 10W-300W – Mono & Poly Crystalline with 10 years warranty with OEM and Plant Capacity 12MW per Annum

Socio economic issues cannot be overlooked, again urban areas versus rural area you can’t eliminate that fundamental. One can say yes but let the regulator fix the tariff, let somebody manage it. We had a situation where, when there is expectation of tariff increase there is a lot of hue and cry. So, is the Regulatory totally to be looked upon as uncertain?

AKSHAYA SOLAR POWER (INDIA) PVT. LTD.

Amb. Pavan K. Varma, Author, Fmr. Ambassador of India to Bhutan, said,”There are problems in our democratic functioning which need serious cause correction in reforms. When governments are unstable and precarious, all energy goes to political management in survival and not to the primary task of the government.

Solar Street Lighting Systems SOLAR OPERATED 3/5 Phase AC PUMPS.

The opposition is meant to be a construction pillar which provides that degree of critic to government which enables the government to improves upon each policies and adopt those policies which are best to

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Our company has the following certificates: • Solar Panels are IEC 61215, 61730-1 + IEC 61730-2 Certified by UL • ISO 9001: 2008 Certified Company • MNRE Channel Partner • NREDCAP Registered Supplier.

Head Office:

AKSHAYA SOLAR POWER (INDIA) PVT LTD, Plot No.60/C/E, Phase – I, IDA Jeedimetla, Hyderabad - 500 055, AP, India Phone : +91 98480 37227 E-mail : raju@akshayasolar.com URL : www.akshayasolar.com Our Branches Offices New Delhi : Mr. Mukesh Kaushik, 15-3rd Floor, Jangpura Road, Bhogal, New Delhi- 110014 Contact : +91 99103 83424 Pune : Mr. Kalyan Desai, 580/2,Telco Colony, Bhekrainagar, Phursangi, Pune – 412308, Maharastra Contact: +91 94218 72170 Kolkata : Mr. Prasenjit Sarkar, MAILING 197, Anandpur, Hossenpur, Kolkata-700078, West Bengal Contact : +91 98744 811106

BUSI N ESS & F I NA N CE

Sankalp Ved - Head – Renewable Energy Business Ruchi Soya Industries Ltd.

No Doomsday For Renewable Energy Sector here has been a lot of talk on delay of

Enforcement of REC: There has been

energy installation as % of total installation

next phase of National Solar Mission

conclusive development in the enforcement

is almost doubled. By tying up wind power

(NSM), withdrawal of Accelerated

of REC by various Regulators. Forerunner

for captive purpose the power cost of the

depreciation in Wind sector & perennial

being the MERC which in its recent order has

factory / Production is frozen for 20 years.

financial crunch in various utilities. This

directed all distribution firms to meet their

Wind Project becomes integral part of the

year Wind Energy is expected to barely

obligation for buying renewable energy in

production process and safeguards plant form

cross 1200MW which is less than half of

the past four years, and said they will have

the annual increment in the tariff to the

last year’s numbers (down by 20% over

to pay a stiff penalty if the backlog of their

tune of total generation. For instance, In

previous year & 55% over a year before).

“renewable purchase obligation (RPO)” is

Tamil Nadu the in 2007-08 the captive and

Even announcement of GBI brought some

not cleared by March 2014. A case is also

preferential tariff were almost matching at

relief but with a lot of skepticism about

being heard in Appellate tribunal in regard

Rs.3.3-3.5/unit. Today captive Tariff in TN

basis of allotment & actual disbursement.

of same. Other Regulators are also expected

is Rs. 5.2-5.4/unit.

There is no big size live tender for solar

to follow in some or other form to enforce

project either.

RPO. There has been a significant growth

With all the above facts it is widely & logically concluded that golden era of Renewable Energy Sector is over. However the there is other side of this

seen the NON Solar REC purchase in July 13 REC trading section.

Recently most of Discoms are given permission to load ‘Fuel Charge’ as variable fuel Energy charge in addition to routine Energy charge. Both Electricity Duty & Fuel

Growth in Captive Market: In last 5

Charge are exempted when wind units are

years share of captive/Group captive wind

wheeled. An investor can get duel benefit as

story which indicates a bounce back & even broader coverage in coming years. Of course

State

Geo political situation, Rs./$ instability might defer but might not be able to suppress the expected boom. There are various factors which suggest and indicate the revival of the sector:

EQ INTERNATIONAL - August 2013

Wind Project Cost / MW (Rs. Lakh)

Tariff (Rs. /KWh)

2010-11

2013-14

2010-11

2013-14

590

610

4.35

5.92

% 36%

GUJ

600

615

3.56

4.15

17%

KAR

595

610

3.7

4.2

14%

MAH

600

615

5.67

5.81

*Source: Public web site of utilities, Average approximate tariff taken

www.EQMagLive.com

with increase in Energy charge the effective

The hike in prices per MW is not

an edge to solar in regard of stability due to

Duty also increase and so the saving per

increased exactly in line of hike in preferential

nil dependency on the currency fluctuation,

unit.

tariff.

Export / import policy, Fuel prices etc.

Solar Roof top is also gaining ground,

Industry indicators : There has been

Even with several indicative challenges

with AD still available it is expected to

2-3 fold rise in the resale deals of Renewable

like withdrawal of AD in wind, Delay in GBI

compliment & not supplement the wind

energy projects in last 1-2 years. This clearly

& pilling up of REC, 12th Plan target of

captive market as both are very different

indicates the demand in the market. The

15000 MW is expected to meet or cross

from application point of view.

installed capacity is declined in last 6-7

the numbers. The industry has to now look

quarters however the investment in the sector

for very innovative & untapped potential in

as a whole (new + old) is actually increased.

the sector.

Increased Return with higher Preferential Tariff & Lower Cost : There has been a significant increment in the preferential tariff in several potential states for wind while the cost remained the same or rather reduced in some cases. Similarly the drastic cut the solar module prices are well known.

It signifies good demand in the market for which the available supply is not able to meet the demand. Coal and Gas supply issues : in a recent solar power bid L1 price touched Rs. 5.51/ unit. This is lowest ever price quoted for a solar project for 20 years. At time when

These changes have improved the

UMPPs are seeking a hike in tariff, Gas price

viability of the investor especially for an

hike is on cards the gap between the coal/Gas

IPP.

Vs Solar is not only reduced but also it gives

BUSI N ESS & F I NA N CE

Trina Solar-

Strong Sequential Shipment Increases In Growth Markets, Including China, the U.S., India And Japan Saumya Bansal Gupta - EQ International compared to negative 15.4% in the first quarter of 2013

Second Quarter 2013 Financial and Operating Highlights •

•

Solar module shipments were approximately 647 MW during the second quarter of 2013, representing a sequential increase of 64.6% from the first quarter of 2013 Net revenues were $440.7 million, an increase of 69.4% from the first quarter of 2013

•

Gross profit was $51.2 million, compared to $4.4 million in the first quarter of 2013

•

Gross margin was 11.6%, compared to 1.7% in the first quarter of 2013

•

The Company recorded an additional accounts receivables provision of $8.7 million in the second quarter of 2013

•

The Company had a charge of $9.1 million for certain assets that it ceased using during the second quarter of 2013

•

Operating loss was $23.9 million, compared to $40.1 million in the first quarter of 2013

•

Operating margin was negative 5.4%,

EQ INTERNATIONAL - August 2013

•

Net loss was $33.7 million, compared to a net loss of $63.7 million in the first quarter of 2013

•

Loss per fully diluted American Depositary Share (“ADS” and each ADS represents 50 of the Company’s ordinary shares) was $0.47, compared to $0.90 in the first quarter of 2013

“With robust global demand, we took full advantage of our global sales network and strong brand to seize available commercial opportunities. In terms of pricing, the average

selling price (“ASP”) of modules has stabilized, reversing the falling trend seen in previous quarters. As a result of our on-going efforts to improve operational efficiency and control manufacturing costs, we achieved continuing reductions in non-silicon costs, which contributed to quarter-on-quarter margin improvement,”said Mr. JifanGao, chairman and CEO of Trina Solar “In the second quarter, there was regulatory uncertainty surrounding the E.U.’s anti-dumping case against PV imports from China. Geographic diversification of revenue helped to mitigate such regulatory risks.

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We achieved strong sequential shipment increases in growth markets, including China, the U.S., India and Japan, which added to our stable shipments to Europe. We continue to monitor the latest developments in the trade case and are encouraged by the recent solution negotiated between the E.U. and China. We remain committed to continuing to serve our customers and business partners in Europe, with whom we have built strong relationships.

Analysis (TGA)” (SEMI PV45-0513). Trina Solar is the first PV company in China to lead the establishment of an international SEMI standard.

“In terms of project development, we made good progress on the 50 MW power plant project in Wuwei, Gansu Province, China in the second quarter. Construction has been completed and we expect the facility to be grid connected and commence initial electricity generation by the end of the third quarter of 2013. For our downstream systems business, we remain focused on research and development and committed to delivering innovative products and solutions to lower installation costs, while enhancing the efficiencies and ease-of-use of solar energy.

Announced that it has received the new International Electrotechnical Commission (IEC) 61730-2 standard certification with Class A Fire Safety from TUV Rheinland for its new frameless PDG5 module. Trina Solar is the first manufacturer in Asia to achieve this certification. TUV Rheinland’s testing rated the PDG5 dual glass module to the highest level of fire resistance.

“Following the end of the second quarter, we completed the redemption of all remaining outstanding convertible senior notes when they became due in July 2013. We continue to manage our balance sheet and liquidity position carefully, which will ensure that we have the necessary resources to develop downstream opportunities.”

Subsequent Events Subsequent to the second quarter of 2013, the Company:

Announced the commercial availability of an enhanced version of its industry-leading Trinasmart modules, embedded with Smart Curve technology. Trinasmart is a moduleintegrated solution that optimizes the energy output of PV systems, enhances the safety

Recent Business HighlightsDuring the second quarter of 2013: Filed its annual report on Form 20-F for the fiscal year ended December 31, 2012 with the Securities and Exchange Commission on April 2, 2013. Announced that Jodie Roussell, Head of Public Affairs Europe at TrinaSolar, had been elected Vice-President of the Board of the European Photovoltaic Industry Association (EPIA) at the EPIA’s annual general meeting in Brussels in March 2013. Announced that Semiconductor Equipment and Materials International (“SEMI”) has approved two standards submitted by Trina Solar: the “Specification for Packaging Protection Technology for PV Modules” (SEMI PV44-0513) and the “Test Method for the Content of Vinyl Acetate (VA) in Ethylene-vinyl Acetate (EVA) Applied in PV Modules Using Thermal Gravimetric

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of solar arrays, improves the installation speed of an array and reduces balance of system costs. The technology allows roof sections that are prone to shading to be utilized without causing power loss to the entire system, increasing output within one string by up to 20 percent. Announced that it has supplied 7 MW of photovoltaic modules to Ikaros Solar, a leading company dedicated to the installation of green solar energy systems, for an agricultural project at Goose Willow Farm in the town of Abington in the U.K. Announced that it had redeemed, together with all accrued but unpaid interest, all remaining outstanding convertible senior notes due 2013 on July 15, 2013. With the completion of this redemption, Trina Solar has no outstanding convertible debt. Announced that it will provide 1.1 million of its 72-cell PV multi-crystalline modules (a total of 345 MW in DC power; equivalent to approximately 250 MW AC) to the Copper Mountain Solar 3 project in Boulder City, Nevada, USA. The project is

owned and operated by Sempra U.S. Gas & Power and will be constructed by AMEC. The modules will start being shipped from Q4 2013 and the project is expected to be completed in Q1 2015.

Second Quarter 2013 Results Net Revenues

Operations and Business Outlook

Gross Profit and Margin

In a decision dated August 2, 2013, with an effective date of August 6, 2013, the European Commission (“EC”) accepted a price undertaking offered by Chinese suppliers and their importers pursuant to which they agreed to sell an established maximum amount of solar panels or certain related components into the European Union (“EU”) at a minimum price. In exchange, the EC will forgo the imposition of antidumping duties on imports covered by the agreement. The agreement also imposes various reporting, verification

dumping duties is December 5, 2013. If the EU concludes that definitive anti-dumping duties on solar panels imported from China are not warranted, then the price undertaking agreement will terminate. If the EC decides that definitive anti-dumping duties are warranted, solar panels or other covered merchandise imported into the EU from China above the annual quota amounts, or any imports determined not to conform to the agreement’s requirements, will be subject to the anti-dumping duties established by the EC’s definitive anti-dumping duty decision. This agreement also could be used to resolve a parallel anti-subsidy investigation, which was commenced by the EU on November 8, 2012. The EC decided not to impose provisional measures in that case, but a definitive antisubsidy decision is also due by December 5, 2013. Trina Solar is a party to the antidumping price undertaking agreement and has been involved in promoting dialogue and consultation as a way to resolve the

Foreign Currency Exchange Loss The Company had a foreign currency exchange loss of $2.2 million in the second quarter of 2013, which included changes in fair value of derivative instruments, compared to a net loss of $19.0 million in the first quarter of 2013 and $22.5 million in the second quarter of 2012. This net loss was primarily due to the exchange rate fluctuation of certain foreign currencies against the functional currencies of the Company’s subsidiaries during the second quarter of 2013, offset by gains from foreign currency hedging contracts involving the Euro, Renminbi, British Pound, and U.S. Dollar used by the Company to mitigate its foreign currency risk exposure.

Financial Condition 70

EQ INTERNATIONAL - August 2013

and other requirements related to the covered imports. This past June, the EC had imposed provisional anti-dumping duties on the covered imports. The EC’s deadline to decide whether to impose definitive anti-

solar panel trade dispute between China and the E.U.

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Manufacturing Costs In the second quarter of 2013, the Company continued its efforts to reduce manufacturing costs, achieving a reduction of high single digit in percentage terms from a quarter ago. The sequential decrease in nonsilicon manufacturing costs were primarily due to improved supply chain cost control, increased utilization of the Companyâ&#x20AC;&#x2122;s inhouse manufacturing capacities, as well as increases in the Companyâ&#x20AC;&#x2122;s module efficiencies and improvements in its manufacturing processes.

diversified range of short, medium and longterm supply agreements, the Company will continue to maintain competitive silicon costs relative to current market prices.

Third Quarter and Fiscal Year 2013 Guidance During the third quarter of 2013, the Company expects to ship between 650 MW to 680 MW of PV modules. The Company believes its overall gross

margin for the third quarter, taking into account wafer and cell quantities outsourced from third party suppliers to meet demand in excess of its internal capacity and other needs, will be in the low double digits in percentage terms. Such guidance is based on the exchange rate between the Euro and U.S. dollar as of Aug 20, 2013. For the full year 2013, the Company revises its previous PV module shipment guidance of between 2.0 GW and 2.1 GW to 2.3 GW and 2.4 GW.

As a result of relatively stable average poly-silicon spot prices in the second quarter of 2013 compared to the first quarter of 2013, the Company experienced similar silicon costs in its module manufacturing business quarter-on-quarter. Through its

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Jinko Solar -

Expanding Presence In Emerging Markets, Such As China, Japan, The U.S., South Africa And India. Saumya Bansal Gupta - EQ International Second Quarter 2013 Highlights •

•

Total solar product shipments were 489.2 megawatts (“MW”), consisting of 460.0 MW of solar modules, 11.1 MW of silicon wafers and 18.1 MW of solar cells. This represents an increase of 44.5% from 338.6 MW in the first quarter of 2013 and an increase of 61.9% from 302.1 MW in the second quarter of 2012.

Gross margin was 17.7%, compared with 12.7% in the first quarter of 2013 and 8.4% in the second quarter of 2012. In-house gross margin was 18.3%, compared with 13.1% in the first quarter of 2013 and 11.2% in the second quarter of 2012.

•

Income from operations was RMB155.8 million (US$25.4 million), compared with a loss from operations of RMB16.8 million in the first quarter of 2013 and a loss from operations of RMB82.5 million in the second quarter of 2012.

•

Total revenues were RMB1.76 billion (US$287.6 million), representing an increase of 51.7% from the first quarter of 2013 and an increase of 42.6% from the second quarter of 2012.

•

was RMB49.0 million (US$8.0 million), compared with a net loss attributable to JinkoSolar Holding Co., Ltd.’s ordinary shareholders of RMB128.7 million in the first quarter of 2013 and a net loss attributable to JinkoSolar Holding Co., Ltd.’s ordinary shareholders of RMB310.5 million in the second quarter of 2012.

Net income attributable to JinkoSolar Holding Co., Ltd.’s ordinary shareholders

EQ INTERNATIONAL - August 2013

Diluted earnings per American depositary share (“ADS”) was RMB2.20 (US$0.36), compared with a diluted loss per ADS of RMB5.80 in the first quarter of 2013 and a diluted loss per ADS of RMB14.00 in the second quarter of 2012. Each ADS represents four ordinary shares.

•

Cash flow from operating activities was RMB459.3 million (US$74.8 million).

•

Three utility-scale projects in China, consisting of 55 MW, were completed, which are currently operating and earning feed-in tariffs. Six utility-scale projects, totaling 146 MW, are currently under construction.

•

Non-GAAP net income attributable to JinkoSolar Holding Co., Ltd.’s ordinary shareholders in the second quarter of 2013 was RMB74.3 million (US$12.1 million), compared with a non-GAAP net loss attributable to JinkoSolar Holding

Co., Ltd.’s ordinary shareholders of RMB75.3 million in the first quarter of 2013 and a non-GAAP net loss attributable to JinkoSolar Holding Co., Ltd.’s ordinary shareholders of RMB297.6 million in the second quarter of 2012. •

Non-GAAP basic and diluted earnings per ADS were RMB3.36 (US$0.56) and RMB3.32 (UD$0.56), respectively in the second quarter of 2013.

“During the second quarter of 2013, increasing demand from regions where we have made strategic investments and our ability to efficiently execute our strategy further solidified our leading position in the global PV market. We increased shipment volumes and expanded our gross margin to 17.7%, making JinkoSolar among the first Chinese module producers to return to net profitability since the downturn. We recently increased our integrated production capacity from 1.2 GW to 1.5 GW as a result of technological improvements and the upgrading of production lines. By persevering through our strategy, we have successfully navigated the rapidly changing solar power environment to emerge a stronger, profitable, more nimble company. Most importantly, we expect to realize net profitability for the entire year as we are confident that this quarter’s strong operational and financial

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performance is indicative of our future performance. Module shipments for 2013 have been revised upwards and are expected to be in the range of 1.5 GW to 1.7 GW, compared to our previous outlook of 1.2 GW to 1.5 GW,” commented Mr. Kangping Chen, JinkoSolar’s Chief Executive Officer. “Over the past few quarters, JinkoSolar has rapidly adapted to a number of fundamental shifts in the market and we now believe we are fully prepared to take advantage of the more favorable industry conditions. While ASPs continue to stabilize, the solar industry has begun to consolidate with demand gradually aligning with supply. These fundamental industry shifts are further supported by a series of positive developments domestically and internationally. The EU and China have reached a settlement agreement for the export of solar panels that has improved our visibility on the European market. The guidelines recently issued by China’s State Council emphasized the strategic importance of the PV industry and set a clear target of 35 GW by 2015.” “We believe we are ready to demonstrate and further improve upon the state-of-theart technology, reliability and quality of our solar products. In just the past quarter, JinkoSolar received Dynamic Mechanical Load test certification - a first in the PV industry - and Dust and Sand verification from TUV Nord, as well as Fire Resistance certification from Italy’s Istituto Giordano. We have increased our ability to customize our modules for real world conditions and other customers demands. With increasing demands and a solid portfolio of products, we are poised to leverage our leading brand, strong relationships and technological leadership as the market recovers.” “As a direct result of our decision to increase our exposure globally, we have reduced our reliance on Europe, and expanded our presence in emerging markets, such as China, Japan, the United States, South Africa and India. Having seen China’s potential early on, we made a significant push to capture a first mover advantage, further securing our leading position with our strong brand name ahead of our home market’s rapid growth. Following the establishment of our sales office in Tokyo earlier this year, Japan continues to show promise as we push deeper into the market, making it a more significant part of our shipment portfolio. We have developed multiple meaningful

relationships with customers there and look forward to future opportunities. We remain dedicated to serving our customers in the US, which has already become a strategically important market for us following the recently announced 39 MW contract to supply three utility-scale projects in the Midwestern United States. Orders from South Africa and India also continue to grow as we build our brand there. Meanwhile, we have continued our effort to penetrate new emerging markets in the Middle East and Latin America.” “We continue our transformation from a traditional manufacturer to a one-stop energy solution provider. By the end of this year, we expect to complete solar power projects with total capacity in the range of 200-300 MW and our project pipeline is now rapidly approaching 700 MW. Our financing, project development, EPC, and system operations and maintenance teams are well positioned to take full advantage of these new opportunities. The State Council’s development guidelines established a clear 35 GW target by 2015 and guaranteed subsidies for the next 20 years, which will be settled monthly. With the largest project development pipeline and scale domestically among US-listed Chinese solar manufacturers, we expect our downstream business to benefit greatly as we continue our strategic transformation.” “Having turned the corner both financially and operationally, we are optimistic about the future. We are proud of what we have accomplished this quarter on the foundation of our management’s vision and strategic execution. We believe that it speaks to our perseverance and determination during difficult times. We have successfully navigated the global downturn by prudently managing our business and diligently improving our industry leading technology, cost structure and brand equity. With our strong client relationships and respected reputation, we believe that we are now in a solid position to drive future growth and shareholder value.”

Second Quarter 2013 Financial Results Total Revenues Total Revenues and Total Shipments

Gross Profit and Gross Margin Gross Profit and Gross Margin

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EQ INTERNATIONAL - August 2013

Income/(Loss) from Operations and Operating Margin

As of June 30, 2013, the Company had RMB694.6 million (US$113.2 million) in cash and cash equivalents and restricted cash, compared with RMB790.7 million of cash and cash equivalents and restricted cash as of March 31, 2013.

Operating Profit and Operating Margin

As of June 30, 2013, total short-term bank borrowings, including the current portion of long-term bank borrowings were RMB2.37 billion (US$386.2 million), compared with RMB2.47 billion as of March 31, 2013, and total long-term borrowings were RMB383.0 million (US$62.4 million), compared with RMB344.0 million as of March 31, 2013. As of June 30, 2013, the Company’s working capital balance was negative RMB2.07 billion (US$337.4 million), compared with negative RMB1.39 billion as of March 31, 2013.

Net Income/loss, Net Margin and Diluted EPS

Solar Product Shipments

Exchange Loss Due to the depreciation of the Euro against the RMB during the second quarter of 2013, the Company recorded an exchange loss of RMB5.8 million (US$0.9 million) in the second quarter of 2013, which was primarily due to a foreign currency exchange loss of RMB19.0 million (US$3.1 million) and gain in fair value of forward contracts of RMB13.3 million (US$2.2 million).The Company had net exchange loss of RMB18.7 million in the first quarter of 2013 and net exchange loss of RMB178.2 million in the second quarter of 2012.

Financial Position

Total solar product shipments in the second quarter of 2013 were 489.2 MW, consisting of 460.0 MW of solar modules, 11.1 MW of silicon wafers and 18.1 MW of solar cells. In comparison, total shipments for the first quarter of 2013 were 338.6 MW, consisting of 282.4 MW of solar modules, 25.4 MW of silicon wafers and 30.8 MW of solar cells, and total solar product shipments in the second quarter of 2012 were 302.1 MW, consisting of 223.0 MW of solar modules, 63.3 MW of silicon wafers and 15.8 MW of solar cells.

Module Shipments (MW)

Solar Products Production Capacity As of June 30, 2013, the Company’s inhouse annual silicon wafer and ingot, solar cell, and solar module production capacity was approximately 1,500 MW each.

EQ INTERNATIONAL - August 2013

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Capacity (MW)

to the first private solar park in India. Located in Mandrup, India, the project was developed on a turnkey basis by Enrich Energy Pvt Ltd., a pioneer in India focused on developing large-scale private solar parks. •

In July 2013, JinkoSolar supplied 39 MW of high-efficiency solar PV modules to AMEC for three utility scale projects in the US.

Third Quarter and Full Year 2013 Guidance

Recent Business Developments •

In June 2013, JinkoSolar modules were awarded Dust & Sand certification by TUV Nord.

•

In June 2013, JinkoSolar modules received Class 1 fire resistance certification, the highest performance level, from Italy’s Istituto Giordano.

•

In June 2013, JinkoSolar supplied 25 MW of high-efficient solar PV modules

For the third quarter of 2013, total solar module shipments are expected to be between 460 MW and 500 MW. For the full year 2013, total solar module shipments have been revised upwards and are now expected to be between 1.5 GW and 1.7 GW, with total project development scale expected to remain between 200 MW and 300 MW.

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Advanced Energy -

Significant Progress Due To Aggressive Restructuring and Integration Plan Saumya Bansal Gupta - EQ International •

Revenue of $140 million

•

GAAP loss of $0.24 per diluted share

•

Non-GAAP earnings of $0.35 per diluted share

•

Ended first quarter with $99 million in cash

Advanced Energy Industries, announced financial results for the second quarter ended June 30, 2013. The company reported second quarter sales of $139.7 million compared to $111.8 million in the first quarter of 2013 and $115.7 million in the second quarter of 2012. Loss from continuing operations was $9.8 million or $0.24 per diluted share. On a non-GAAP basis, income from continuing operations was $13.9 million or $0.35 per diluted share. The non-GAAP measures exclude, on an after tax basis, $19.6 million in restructuring charges, $2.5 million of stock-based compensation and $1.6 million of intangible amortization. A reconciliation of non-GAAP income from continuing operations and earnings per share is provided in the tables below. The company ended the quarter with $99.1 million in cash and marketable securities, a decline of $83.2 million due to the recent acquisition of the three-phase string product line. “We are pleased with our performance in the second quarter, having made significant progress on our aggressive restructuring and integration plan,” said Garry Rogerson, CEO. “Improved profitability returned to our Thin Films business this quarter as we expanded into new applications, our markets recovered and we continued to reduce our costs. In our Solar Energy business we are already seeing initial demand and a growing pipeline for our newly acquired three-phase string product line and recently released one

EQ INTERNATIONAL - August 2013

megawatt inverter offering. With a strong and building backlog in both business units we anticipate an acceleration of earnings per share for 2013. Our focus on successfully delivering on our strategic objectives remains our primary focus. With an efficient companywide cost structure in place, an expanded product line and cost-effective worldwide distribution, we are laying the foundation for a successful 2014.”

Solar Energy Solar Energy sales reached $68.0 million in the second quarter of 2013, an increase of 35.9% from $50.0 million in the first quarter of 2013, and an increase of 33.8% from $50.8 million in the second quarter of 2012. The upside was largely due to the contribution of the newly acquired three-phase string product line.

Income from Continuing Operations Loss from continuing operation1s for the second quarter was $9.8 million or $0.24 per diluted share, compared to income from continuing operations of $6.8 million or $0.17 per diluted share in the first quarter of 2013, and income from continuing operations of $8.8 million or $0.22 per diluted share in the same period last year. On a non-GAAP basis, excluding the impact of the items mentioned above, income from continuing operations was $13.9 million or $0.35 per diluted share, up from $11.7 million or $0.29 per diluted share in the first quarter of 2013.

Restructuring Activities

string product line in April 2013, the company undertook a major restructuring to take advantage of additional ongoing future cost saving opportunities. These activities include the consolidation of certain facilities, product rationalization and further centralization of manufacturing. During the second quarter, the company recorded a pre-tax restructuring charge of $24.2 million, $17.7 million of which was non-cash. The company anticipates a third quarter restructuring charge of approximately $12.0 million. Having completed roughly three quarters of the planned restructuring and integration, the company now expects to finish the majority of these actions by the end of the third quarter. The total planned charges for this initiative is expected to be in the range of $35 to $37 million, of which $25 to $29 million is expected to be non-cash in nature. We expect this restructuring to provide additional cost savings in the range of $18 to $20 million annually, including approximately $14 million of cash savings. The cost savings activities, along with those previously announced are expected to deliver annual savings of approximately $70 to $75 million by 2014. Completion of these activities should position the company well for 2014.

Third Quarter 2013 Guidance The company anticipates third quarter 2013 results from continuing operations to be within the following ranges: •

Sales of $140 million to $150 million

•

Earnings per share of $0.28 to $0.32, excluding restructuring charges

•

Non-GAAP earnings per share of $0.36 to $0.40

After the acquisition of the three-phase

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BUSI N ESS & F I NA N CE

First Solar -

Q2 2013 Results Saumya Bansal Gupta - EQ International •

Net sales of $520 million

•

GAAP EPS of $0.37 per fully diluted share, Non-GAAP EPS of $0.39 per fully diluted share

•

Cash and Marketable Securities of $1.3 billion, Net Cash of $1 billion

•

GE CdTe Intellectual Property Acquisition and Technology Partnership Announced

•

1.5GW Element U.S. and Mexico Pipeline Acquisition Announced

First Solar, Inc. announced financial results for the second quarter of 2013. Net sales were $520 million in the quarter, a decrease of $235 million from the prior quarter and a decrease of $438 million from the second quarter of 2012. The sequential decrease in net sales is primarily attributable to lower systems business project revenues as well as lower module-only sales volume to third parties. Compared to the second quarter of 2012, the decrease in net sales is primarily attributable to lower systems business project revenue as initial revenue recognition for AVSR and the sale of Silver State North were both achieved in the second quarter of 2012, partially offset by higher sales volume to third-party module-only customers in the second quarter of 2013. As a previously highlighted possibility, the Company did not complete the sale of the ABW projects in the second quarter of 2013 and such sale is expected to occur in the second half of this year. The Company reported second quarter net income per fully diluted share of $0.37, compared to $0.66 in the first quarter of 2013 and $1.27 in the second quarter of 2012. The second quarter of 2013 was impacted by pre-tax restructuring charges of $2.4 million (reducing EPS by $0.02), compared to $2.3 million (reducing EPS by $0.03) in the first quarter. In both cases the pre-tax charges related to 78

EQ INTERNATIONAL - August 2013

previously announced restructuring actions. The sequential decrease in earnings was primarily due to lower revenue recognition for AVSR and lower sales volumes to thirdparty module-only customers in the second quarter compared to the first quarter. The year over year decrease in earnings was primarily due to lower systems business revenue recognition, partially offset by higher manufacturing utilization and higher module sales to third-party customers in the second quarter of 2013 compared to the second quarter of 2012.

•

A reduction in expected net sales associated with the decision to hold two system projects through construction and selling such projects after construction is completed, which action is expected to result in improved project economics,

•

Incremental cost at AVSR due to delays related to the county approval process for materials used in construction, partially offset by an improvement in gross margin due to better than expected project economics for ABW, Campo Verde and Imperial Valley,

Cash and Marketable Securities at the end of the second quarter were approximately $1.3 billion, an increase of approximately $273 million compared to the end of the first quarter of 2013. The Company’s Net Cash grew to approximately $1.0 billion, an increase of approximately $580 million from the first quarter of 2013. Cash flows from operations were $222 million in the second quarter, compared to $66 million for the first quarter of 2013.

•

The impact of expected higher operating expenses associated with the newly announced GE technology partnership

•

The per-share impact associated with the June 18, 2013 closing of the equity offering of 9,747,000 common shares and the impact of the issuance of 1,750,000 common shares to GE as part of the aforementioned IP acquisition.

The Company also announced the acquisition of all of GE’s cadmium telluride (CdTe) solar intellectual property and entered into a technology collaboration agreement with GE, with the intent to advance thinfilm solar cells and modules. Under the agreement, First Solar acquired GE’s CdTe solar intellectual property, setting a course for advancement of photovoltaic (PV) thinfilm solar technology and GE received 1.75 million shares of First Solar stock. Also announced was the acquisition of a pipeline of U.S. and Mexico development assets from Element Power. The 1.5 GW portfolio includes geographically diverse projects in various stages of development. The terms of the deal were not disclosed. Additionally, the Company provided updated full year 2013 financial guidance ranges to reflect the following:

“Although we worked diligently in the quarter to close the sale of the ABW projects, the sale was delayed and consequently, as we highlighted on our first quarter of 2013 earnings call, such delay caused a decline in our net sales and earnings for the second quarter from expectations. We still expect the closing of the ABW sale to occur in the current year, resulting in a corresponding increase in net sales and earnings in the second half of 2013,” said Jim Hughes, CEO of First Solar. “The acquisition of GE’s CdTe intellectual property and the formation of the new strategic collaboration partnership with GE, coupled with the growing pipeline of potential booking opportunities and continued improvements we are making on our module technology provide incremental value and confidence for our shareholders and demonstrate the progress we are making in achieving our strategic goals of delivering industry-leading PV power solutions to sustainable markets globally.”

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ABB India Limited -

Multiple Productivity And Operational Excellence Initiatives Are Yielding Results. Saumya Bansal Gupta - EQ International ABB India Limited, reported results for the second quarter ended June 30, 2013. •

Strong project execution in a subdued market

•

In Country For Country program on track for Power Products

•

Continued growth in exports and new sectors

The company’s thrust on exports and new business streams yielded results with export orders demonstrating clear growth over successive quarters. Orders from sectors such as renewable energy continued on their growth trajectory.

corresponding period in 2012. ABB India continues to follow a policy of cash over revenue in its businesses to mitigate the credit risk in the market. Localized offerings also enabled the company to stay competitive in a tough economic environment.

Order backlog

Profit The company posted a profit before tax (PBT) of Rs. 61 crores and a profit after tax (PAT) of Rs. 40 crores for the quarter. Savings from operational excellence initiatives and cost take out programs helped offset the impact of price pressures and the higher cost of working capital.

Orders The company received orders worth Rs.1,731 crores during the quarter ended June 30, 2013, compared to an order intake of Rs. 2,045 crores for the same period last year. This reflects a challenging business environment as customers continue to exercise caution on large investments. The company continues to focus on balancing its risk and returns. 80

EQ INTERNATIONAL - August 2013

The company’s order backlog stood at Rs. 8,235 crores at the end of the quarter as compared to Rs.9,175 crores during the same period last year.

Revenue and operations The revenue for the second quarter ended June 30, 2013 was Rs.1,720 crores compared to Rs.1,858 crores for the

“The economic environment is now increasingly depressed. Our multiple productivity and operational excellence initiatives are yielding results. We are confident that our broad portfolio, cost take out programs, localization initiatives and the ability to find new opportunities will give us pole position as the market eventually revives” said Bazmi Husain, Managing Director, ABB India Limited. ABB is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 145,000 people.

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BUSI N ESS & F I NA N CE

Canadian Solar -

“Near Term Goal Is Clear: Return Canadian Solar To Profitability On A Full Year Basis For 2013” - Dr. Shawn Qu Saumya Bansal Gupta - EQ International Second Quarter 2013 Highlights •

Solar module shipments were 455 MW, compared to 340 MW in the first quarter of 2013.

•

Net revenue was $380.4 million, compared to $263.6 million in the first quarter of 2013.

•

Net revenue from total solutions was 25.7% of total revenue, compared to 19.2% in the first quarter of 2013.

•

Gross margin was 12.8%, compared to 9.7% in the first quarter of 2013.

•

Diluted loss per share was $0.29, compared to diluted loss per share of $0.10 in the first quarter of 2013.

•

Cash, cash equivalents and restricted cash balances at the end of the quarter were $540.6 million, compared to $606.1 million at the end of the first quarter of 2013.

•

Cash flow from operations totaled $40.7 million.

•

Solar module shipments to Japan were 35.7% of total module shipments, up 95.0% from the first quarter of 2013.

•

Completed the sale of the Company’s second utility-scale project in Ontario, Canada valued at over $53.2 million.

•

Signed a landmark engineering,

EQ INTERNATIONAL - August 2013

procurement and construction (“EPC”) agreement valued at over $300.0 million to build a 130 MWdc solar power plant in Ontario, Canada.

to better and more efficient management of the product development activities.

By geography, in the second quarter of 2013, sales to European markets represented 10.6% of net revenue, sales to America represented 37.8% of net revenue, and sales to Asia and all other markets represented 51.6% of net revenue, compared to 24.7%, 17.9% and 57.4%, respectively, in the first quarter of 2013 and 69.4%, 15.7% and 14.9%, respectively, in the second quarter of 2012.

second quarter of 2013, compared to 6.8% in the first quarter of 2013 and negative 0.9% in the second quarter of 2012. The sequential decline in operating margin was primarily due to the increase in operating expenses. The year-over-year increase in operating margin was primarily attributable to higher gross profit, and lower operating expenses in the second quarter of 2013.

Research and development expenses were $3.0 million in the second quarter of 2013, up 24.5% from $2.4 million in the first quarter of 2013 and down 12.1% from $3.5 million in the second quarter of 2012. The sequential increase in research and development expenses was primarily due to increases in headcount, and yearly salary adjustments. The year-over-year decline in research and development expenses was due

Operating margin was 3.2% in the

The Company recorded a gain on change in fair value of derivatives of $1.8 million in the second quarter of 2013, compared to a gain of $1.7 million in the first quarter of 2013 and a loss of $1.1 million in the second quarter of 2012. Net foreign exchange loss in the second quarter of 2013 was $20.5 million compared to a net foreign exchange loss of $14.8 million in the first quarter of 2013 and a net foreign exchange loss of $7.2 million in the second quarter of 2012.

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Income tax benefit in the second quarter of 2013 was $5.1 million, compared to income tax benefit of $3.4 million in the first quarter of 2013 and income tax expense of $2.1 million in the second quarter of 2012. Net loss attributable to Canadian Solar in the second quarter of 2013 was $12.6 million, or $0.29 per diluted share, compared to net loss of $4.4 million, or $0.10 per diluted share, in the first quarter of 2013,and net loss of $25.5 million, or $0.59 per diluted share, in the second quarter of 2012.

Financial Condition As of June 30, 2013, the Company had $540.6 million of cash, cash equivalents and restricted cash, compared to $606.1 million as of March 31, 2013. Accounts receivable balance, net of allowance for doubtful accounts, at the end of the second quarter of 2013 was $262.9 million compared to $225.7 million at the end of the first quarter of 2013. Accounts receivable turnover was 73 days in the second quarter of 2013 compared to 102 days in the first quarter of 2013. Inventories at the end of the second quarter of 2013 were $218.5 million, compared to $291.3 million at the end of the first quarter of 2013. Inventory turnover was 75 days in the second quarter of 2013 compared to 117 days in the first quarter of 2013. Accounts and notes payable at the end of the second quarter of 2013 were $463.1 million, compared to $483.7 million at the end of the first quarter of 2013. Accounts payable turnover in the second quarter of 2013 was 136 days compared to 180 days in the first quarter of 2013. Michael G. Potter, Senior Vice President and Chief Financial Officer of Canadian Solar commented: “We continue to successfully manage our rapidly expanding business, while containing costs wherever possible. We are encouraged by our strong margin improvement to 12.8% in the second quarter and focused on driving further gross margin improvements in the second half of the year. We are also pleased with our operating cash performance in the second quarter of approximately $40.7 million. We benefitted from the sequential increase in revenue in the second quarter, stable average selling price, and reduced costs resulting from refocusing

our marketing activities and tighter control of credit and collections. We are making progress on right sizing our balance sheet and continue to estimate that the resale value of our Ontario project pipeline alone, once built into grid-connected solar power plants and sold to investors, will exceed C$1.50 billion ($1.45 billion, based on the exchange rate as at June 30, 2013). We continue to expand and execute on our pipeline outside of Canada and believe that this will lead to further success for years to come.”

Business Outlook The Company’s business outlook is based on management’s current views with respect to operating and market conditions, its current order book, and the challenging global financing environment, which continues to result in customer demand uncertainty. For the third quarter of 2013, module shipments are expected to be in the range of approximately 410 MW to 430 MW. Gross margin for the quarter is expected to be between 10% and 12%. For the full year 2013, the Company expects module shipments to be in the range of approximately 1.6 GW to 1.8 GW. The Company expects module shipments to Japan to account for approximately 35%40% of total module shipments in the third quarter of 2013. In addition, it also expects to continue to make further inroads into other key emerging markets in the Americas, Asia and the Middle East. The Company expects its module shipments to Europe will remain at the same level as in the second quarter of 2013, as it continues to adopt a conservative approach in response to the uncertainty in trade and solar energy feedin-tariff policy in that region. The Company views the recent resolution of the trade dispute between the European Union (EU) and China as positive. The Company is in the process of concluding its own undertaking agreement with the EU and is reviewing its business strategy in that region. Canadian Solar has an extensive sales network and a strong brand reputation in Europe and it expects to maintain its leadership position in this market once the execution details are clarified. Canadian Solar’s diversified global sales channels allow it to take such a conservative approach in Europe without reducing the Company’s overall shipment volume and profit margin.

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Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, remarked: “We are pleased with our progress to date in the execution of our strategy, and have no intention of letting up. Clearly, the industry is emerging from a very challenging period, with improved pricing power and growing demand. As we move forward our strategic direction remains the same. We will maintain our focus on preserving our cost leadership while ensuring the high quality of our solar products and solutions. We will also continue to work hard to differentiate our business model, expand our customer base and global footprint. These efforts have enabled Canadian Solar to emerge in a strong position with exciting prospects for future profitable growth. Our near term goal is clear: return Canadian Solar to profitability on a full year basis for 2013. Based on our existing pipeline and planned project sales we are confident in our ability to achieve this goal.”

Recent Developments On August 5, 2013, - Canadian Solar announced it entered into a sales agreement with Concord, whereby Concord will acquire from Canadian Solar five utility-scale solar power plants totaling 49MWac valued at over C$290million ($277 million). On July 25, 2013, Canadian Solar announced the successful completion of a 30 MW rooftop PV installation in the City of Suzhou, China under the country’s Golden Sun program. The project was historic in its size, complexity and scale. The project spanned 129 buildings, with a total surface area of approximately 500,000 square meters. The rooftops were mixed surfaces, with 200,000 square meters of steel structured rooftops and 300,000 square meters of concrete rooftops. Canadian Solar’s CS6P-245P’s modules were used. On July 17, 2013, Canadian Solar announced that its subsidiary, Canadian Solar Manufacturing Ontario Inc., has received the OHSAS 18001: 2007 health and safety management system and ISO 14001: 2004 environmental management system, certifications of conformance. The internationally recognized certifications were authorized by TUV Rheinland, a premier global provider of systems certification to a number of management system standards.

EQ INTERNATIONAL - August 2013

BUSI N ESS & F I NA N CE

SMA Solar Technology AG Generates a Break-Even Result Before One-Time Items in Q2 2013 Saumya Bansal Gupta - EQ International Overview of H1 2013: l

2.5 gigawatts of inverter output sold (Q1–Q2 2012: 4.0 GW)

Sales in line with forecast at €461.5 million (Q1–Q2 2012: €833.7 million)

International share rose to 67.4% (Q1–Q2 2012: 53.7%)

Positive earnings before interest, taxes, depreciation and amortization (EBITDA) of €14.2 million (Q1–Q2 2012: €114.2 million) affected by onetime items from personnel adjustments of €15.0 million

Net cash of €348.2 million (Dec. 31, 2012: €446.3 million) and equity ratio of 58.3% (Dec. 31, 2012: 61.8%)

Managing Board confirms sales and earnings forecast for fiscal year 2013

In the first half of 2013, SMA Solar Technology AG (SMA/FWB: S92) sold PV inverters with an output of 2.5 gigawatts (Q1–Q2 2012: 4.0 GW) in a market environment characterized by increasing competitive pressure and a considerable price slump. Sales decreased by 45% compared with the same period of the previous year to €461.5 million (Q1–Q2 2012: €833.7 million). The international share of total sales, which increased to 67.4% from 53.7% (Q1–Q2 2012), reflects SMA’s outstanding international position with excellent sales and service structures and a full range of products. The most important foreign markets in the first half of the year included the U.S., Japan, Australia and Thailand. In Europe, the Eastern European markets, Benelux and Great Britain offered positive stimuli. However, overall demand continued to lag substantially in Europe due to dramatic 84

EQ INTERNATIONAL - August 2013

changes to the subsidy conditions, in particular in Germany and Italy, the unresolved financial crisis and the possible introduction of punitive duties on Chinese PV modules. Despite the sharp decline in sales, SMA succeeded in generating positive earnings before interest, taxes, depreciation and amortization (EBITDA) of €14.2 million in

the reporting period (Q1–Q2 2012: €114.2 million). EBIT was at €-23.3 million in the first half of 2013 (Q1–Q2 2012: €83.7 million). EBIT includes expenses for personnel adjustments of €15.0 million. This corresponds to an EBIT margin of -5% (Q1–Q2 2012: 10%). The ongoing efforts to reduce costs and increase productivity made a

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positive impact in the second quarter of 2013. EBIT adjusted for expenses for personnel adjustments increased in comparison to the first three months of the fiscal year to €0.2 million. However, this was not sufficient to compensate for the earnings slump in the first quarter of 2013 and the one-time items of the planned personnel changes. The group earnings amounted to €-16.2 million in the reporting period (Q1–Q2 2012: €59.4 million). The considerable decline in operating profit compared with the same reporting period of the previous year is attributable in particular to the sharp drop in sales, the decline in prices and one-time items of the planned personnel adjustments. With net cash of €348.2 million (Dec. 31, 2012: €446.3 million) and an equity ratio of 58.3% (Dec. 31, 2012: 61.8%), SMA continues to have a solid financial position. “SMA will continue to invest in technology development to further lower manufacturing costs with entirely new product platforms. We will also pursue our globalization strategy to benefit from demand

stimuli in photovoltaic markets outside Europe through a strong local presence. The slump in demand in Europe forces additional cost cutting measures and an adjustment to the personnel structures. By implementing the different measures, we will sustainably improve our competitiveness. In the mediumterm, as a specialist for system technology SMA is set to benefit from the trend toward energy management, construction of PV power plants and the supplementation of stationary diesel gensets with PV systems,” explains SMA Chief Executive Officer PierrePascal Urbon.

The SMA Managing Board is adhering to its sales and earnings forecast for 2013. This forecast calls for sales of €0.9 billion to €1.3 billion for the SMA Group. With regard to the operating result adjusted for one-time items of the planned staff reduction, the SMA Managing Board expects to break even, at best, but cannot rule out making a loss.

PRODUCTS Mondragon Assembly Is Working On 7 Different Module Assembly Lines To Be Delivered In 2013. Mondragon Assembly accumulates

Certification, specification of raw materials

decades of experience in the solar industry,

and process know how transfer. Individual

which has delivered projects around the

machines such as tabber & stringer,

world, for instance, in Asia, Africa, Europe

Automated Bussing or Interconnections, Cell

and America. “Increasingly more facilities

Tester / Sorter, Flash Tester, Laminator, and

are made in the solar energy; from the 16GW

EL, are supplied.

of 2008 was passed to 40GW in 2010 and is expected to 250Gw installed by 2020. Solar future energy is positive and is booming, says Iñaki Legarda, Mondragon Assembly´s Solar Business Director. It provides turnkey lines ranging from 10Mw to over 100 Mw, and from semiautomatic to full auto mode, including complete machinery settlement and with services ranging from module design to

Mondragon Assembly Group Mondragon Assembly is a solid international group specialized in the development of integrated automation solutions. The Mother Company in Spain was

He affirms “has been greatly improved

founded in 1977,and is one of the pioneers in

the efficiency of photovoltaic panels. They are

the use of high technology processes such as

of better quality and the life-time is about

robotics, vision, dispensing, gluing, soldering

30 and 35 years. Therefore, they are more

or test machines. Today it has become an

profitable and reliable”.

International Group with manufacturing

Mondragon Assembly is introducing into new markets, it benefits from an attractive local market to Middle Eastern and South Western Asian markets.

plants in Spain, France, Germany and Mexico; Subsidiaries in China and India. In addition, the group has a strategic network of different subsidiaries and partners worldwide.

Solar Powered Pumps For Agriculture And Green Buildings By KB Electronics To make Solar Power a viable proposition

mornings and late evenings, when panel

A standard solar charge controller cannot

in India, we have to overcome the barriers

voltage drops considerably, this controller

be used for this purpose due to many reasons

of high PV panel and battery costs. Though

still ensures that the pump works, although

and has to be customized for this application.

we have seen considerable drop in PV prices

pumping less water. In this manner, the solar

Most Solar Pumps have an intrinsic problem

which will slide further in the coming years,

photovoltaic panel is maximized for this

that they would operate only for a few hours

the battery costs and life of around 3 years

application, using whatever power that is

in a day when the voltage of panel is high.

hinder the use of solar power, especially in

extracting from the panel. Without the need

Through months of testing and tweaking, KB

the rural areas.

of a battery, the cost of this system reduces

Electronics, Mumbai proved this product in

drastically and this system now becomes

Gujarat, where it is operating for 14 hours a

affordable for Hotels, Residential homes,

day and now there areover 300 installations

factories and even for farms where cannot

all over India. The pumps can be of .5HP,

rely on a consistent power source.

1Hp, 1.5HP, 2HP onwards even upto 30HP

This new product, a Solar Pump Controller MPPT works without the need of a battery and can pump water from around 8am to 6pm all throughout the day. In early

EQ INTERNATIONAL - August 2013

www.EQMagLive.com

PRODUCTS and can be of any type and there is no need

Manufacturing company in Mumbai, has

to change the existing pump.

dust. To know more, you could visit www.

entered the renewable energy sector after

kbelectronics.co.in .They also arrange free

25 years in the Power industry with products

demonstrations of their products.

Features such as preferential solar + grid input ensures that your pump can remain on full flow 24 hours a day automatically. If lights need to be operated with the same solar PV panels, there is arrangement of battery charging as well. Dry Run protection as well as tank level control is inbuilt. The payback period for places where they are using Diesel generators is less than 2 years. KB Electronics, a Power Electronics

such as Solar Charge Controller MPPT, Solar Charge Controllers On/Off, Wind Charge Controller and Grid Battery Chargers with 3 stage charging. They also make Switch Mode Power Supplies (SMPS) and DC-DC Converters. With a focus towards designing for Indian conditions, KB’s products are built

India’s growth story will be catalyzed by such products targeted to critical product categories such as water and energy, to help bring about change and independence to the people in all locations however remote. With the recent massive Power failure

to withstand the extreme conditions found

in north and India’s coal problems we have

in India such as input surges, moisture and

to be prepared to keep our basic amenities like water supply in our control.

SEMICON Taiwan 2013

Date: 4-6 Sep-2013 Place: Taipei, Taiwan Organiser: SEMI Tel.: +886 3 5601777 Email: ali@semi.org Web.: www.semicontaiwan.org

6th Renewable Energy Finance Forum West Date: 16-17Sep-2013 Place: San Francisco, California, USA Organiser: Euromoney Tel.: +1 212 9013828 Email: energyevents@euromoneyplc.com Web.: www.reffwest.com

Solar Asia 2013 13th China Photovoltaic Conference and International Photovoltaic Exhibition

Co.Ltd. Tel.: +86 10 65262861616 Email: jamesli@annexhibition.com Web.: www.annexhibition.com

5th Annual Renewable Energy Technology Conference & Exhibition

Intersolar South America

Date: 9-11Sep-2013 Place: Washington, D.C., USA Organiser: accessintel Tel.: +1 301 3541798 Email: DBrodney@accessintel.com Web.: www.retech2013.com

2013 Asia Pacific Clean Energy Summit and Expo Date: 9-11Sep-2013 Place: Honolulu, Hawaii, USA Organiser: techconnect.org Tel.: +1 978 5611908 Email: cerb@techconnect.org Web.: www.ct-si.org/events/APCE2013

Renewable Energy India Expo 2013 Date: 12-14Sep-2013 Place: Delhi, India Organiser: UBM Tel.: Email: jamesli@annexhibition.com Web.: - www.renewableenergyindiaexpo.com

Date: 25-27Sep-2013 Place: New Delhi, India Organiser: EE-foundation Tel.: +91 92 13901510 Email: punit.nagi@ee-foundation.org Web.: www.wretc.in

Date: 18-20Sep-2013 Place: São Paulo, Brazil Organiser: Solar Pramotion Tel.: +49 7231 58598-25 Email: boesl@solarpromotion.com Web.: www.intersolar.net.br/en/intersolar.html

The Green EXPO 2013

Date: 25-27Sep-2013 Place: Mexico City, Mexico Organiser: E.J. Krause & Associates Tel.: +1 301 4935500 Email: tessler@ejkrause.com Web.: www.thegreenexpo.com.mx

2nd Annual Egypt Power and Electricity Summit Date: 22-25Sep-2013 Place: Cairo, Egypt Organiser: IQPC Tel.: +971 4 364 2975 Email: enquiry@iqpc.ae Web.: www.egyptelectricity.com

3rd Annual Solar Arabia Summit Date: 29-30Sep-2013 Place: Riyadh, Saudi Arabia Organiser: solarenergyseries Tel.: +971 44 557956 Email: register@solararabiasummit.com Web.: ksa.solarenergyseries.com

5th Concentrated Photovoltaics Summit USA 2013 Date: 23-24Sep-2013 Place: San Jose, California, USA Organiser : pv-insider Tel.: +44 207 3757248 Email: matt@pv-insider.com Web.: www.pv-insider.com/cpv/index.php

Date: 25-27Sep-2013 Place: Bangkok, Thailand Organiser: koelnmesse Tel.: +65 6500 6718 Email: sl.khoo@koelnmesse.com.sg Web.: www.cleanenergyexpoasia.com

4th World Renewable Energy Technology Congress & Expo

Date: 17-19Sep-2013 Place: Kuala Lumpur, Malaysia Organiser: Beijing Anns International Exibition

Date: 5-7Sep-2013 Place: Beijng, China Organiser: Chinese Renewable Energy Society Tel.: +86 21 34280006 Email: service@newgrace.net Web.: www.ch-solar.com

Clean Energy Expo Asia 2013

28th European Photovoltaic Solar Energy Conference and Exhibition Date: 30Sep-4oct-2013 Place: Paris, France Organiser: Tel.: +49 89 72012735 Email: pv.conference@wip-munich.de Web.: www.photovoltaic-conference.com

For Listing of your Event : Conference and events are listed free-of-charge, so please feel free to get in touch to tell us about your event. We would also be happy to provide you with free copies of magazine for distribution at your events.(while stock last). Please send your conference information to : Mr. Gourav Garg at gourav.garg@EQmag.net

EQ INTERNATIONAL - August 2013

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India’s Largest Exhibition and Conference for the Solar Industry Bombay Exhibition Centre, Mumbai The meeting point for 300 international exhibitors and 8,500 potential business contacts from 45 countries Establish new business partners in one of the fastest growing solar markets Network and meet the people who are shaping India’s solar market Benefit from taking part in the world’s leading exhibition series for the solar industry Network and expand your business at home!

Exhibit now!

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