EQ Int'l Magazine September 2015 Edition

Volume # 7 | Issue # 9 | September 2015 |

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CONTEN T

VOLUME 7 Issue # 9

70 Solar Rooftop projects Challenges & Opportunities

30 Nuevosol and SmartTrak sign MoU, Tracker Technology Set to Become More Economical, More Robust

72 Exclusive Interview

With Krishnendu Mukherjee, SOVA Power

56 Exclusive Interview

With Vishvesh Bhatia, Apar Industries LTD. ( Unit: Uniflex Cables)

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 â&#x20AC;&#x201C;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.

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Powering The Energy And Resources Industry With The Internet Of Things

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Venturini:

India’s Adani In Talks With Softbank, Foxconn On $3 Bln Solar Plan

Huge Development Opportunities In India, Africa And Latin America

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Exclusive Interview

With Mr. Jianwei Lin, Chairman, Jolywood

66

Exclusive Interview With Rohit Dhar, C & S Electric

Exclusive Interview

With Shashidhara BV, Delta Power Solutions (I) Pvt. Ltd.

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14 Rise In Solar Cells Prod’n To Bring 30K-Cr Investment

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Exclusive Interview

With Jayaram U.K., RenewSys India Pvt Ltd.

India, United States To Hold Key Commercial Talks This Month

36 Major Airports Of Rajasthan To Have Solar Power

CON TE NT

Cover Harsha Abakus Solar is a solar energy solutions providing arm, from the Harsha Engineers Group. With a core philosophy of energizing the society with renewable resources of energy, we are committed to empowering the masses and thereby enlightening the nation.

At Harsha Abakus Solar, we understand the energy crisis situation. We understand that innovation holds the key to growing energy demands. Thereby we constantly innovate and bring to you solar energy solutions, which positively impact our society and environment.

With this innovation we dream of a day that will never witness energy deficit. We see each street being lit up with solar lampposts,

each house in a happy note with solar lanterns and many more cities that will never sleep. We see a world that’s fully equipped with all the necessary tools of solar energy that will combat the energy deficiency scenario.

Eq Business & Financial News 14-40

TESTING & CERTIFICATION 76 Testing One, Two, Three

PV MANUFACTURING 44 PERC is HOT.Think smart, Choose Spatial ALD now.

52 Considerations For Selection Of EVA Encapsulants

BALANCE OF SYSTEM 58 Effective Plant Monitoring Promotes Efficient PV

quater results

-by saumya bansal gupta “EQ International”

Page : 85-93

MOUNTING STRUCTURES 80 Journey Of A Giga Watt Of Mounting Structures

PRODUCTS 94-95

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BUSINESS FINANCIAL

& All these steps are meant to strengthen the economic and commercial ties between the two countries and create a stronger partnership.This commercial track would be a platform for both shortterm and long-term deliverables, he said, adding that S&CD would focus on not only securing near-term trade and investment outcome, but areas of long-term collaboration. “We see that the S&CD also serves as a road map, one that will display the next steps to define our partnership in the medium and long term.”

- Stefan M Selig also Said

India, United States To Hold Key Commercial Talks This Month India and the US will hold first-ever high-level strategic and commercial dialogue this month in Washington focusing on areas such as ease of doing business and smart cities with an aim to boost investment and raise bilateral trade fivefold to USD 500 billion annually.

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he Strategic and Commercial Dialogue (S&CD) will be held in Washington DC in 6-7 weeks, US Under Secretary of Commerce for International Trade Stefan M Selig told reporters here.He is in town to meet with Commerce Secretary Rita Teaotia for the preparatory talks.

These dialogues will revolve around four areas ease of doing business; innovation and entrepreneurship; smart cities with a specific focus on renewable energy, and harmonisation of standards to increase trade.” The S&CD will be the signature, annual dialogue between our two governments. It will serve as a high-level meeting between our senior government and Cabinet officials as well as an ongoing, sustainable forum for policy discussions”.

- Stefan M Selig, US Secretary of Commerce for International Trade

These steps can also be seen as four ambitious and important goals.

The first goal is perhaps the most ambitious: to increase bilateral trade five-fold from USD 100 billion today to USD 500 billion annually,” he added.On Intellectual Property Rights (IPR), he said compulsory licensing and IPR concerns are “obviously something that our two governments continue to talk about at all levels. We will continue to do so”.American companies, particularly from the pharmaceutical sector, have time and again alleged that Indian IPR structure discriminates them.

They had also raised concerns over issuance of a compulsory licence

by India. .

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BUSINESS FINANCIAL

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India’s Adani In Talks With Softbank, Foxconn On $3 Bln Solar Plan India’s Adani Group is in talks with Japan’s Softbank and Foxconn, maker of Apple’s iPhone, to secure investment in a $3 billion project to make solar cells and panels in the country, two sources with knowledge of the matter said.

Both sources said the deal was yet to be finalised. Under the current discussions, Softbank and Foxconn, which have a string of planned and executed in investments in India, could directly inject money into the project.

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rime Minister Narendra Modi’s government expects clean energy to yield business worth $160 billion in India in the next five years, based on the country’s power generation targets.

Softbank, Foxconn and Bharti Enterprises have already pledged to invest about $20 billion in solar projects in India. A new deal with Adani, one of the country’s largest conglomerates, would boost Modi’s efforts to promote manufacturing and create sorely needed jobs.One of the sources, who is involved in the negotiations, said that over the past few weeks, the billionaire founder of the mines-to-power Adani Group, Gautam Adani, had held talks with Softbank Chairman Masayoshi Son and Foxconn head Terry Gou. “(Adani) are talking to Softbank, they are talking to Foxconn. They may partner with both of them.

Something will be finalised in the coming few months,” the source said.

Foxconn Technology Group, Softbank and Adani all declined to comment.One of the sources said the talks had gathered pace after Adani and U.S. solar power company SunEdison two months ago ended a $4 billion agreement struck earlier this year, on a similar project.”That deal could not mature,” said the India-based source. “They were charging too much on the technology fee.”

Source: Reuters

GIC Plans To Buy Assets Of Greenko For Rs 1,650 Crore

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ingapore’s sovereign wealth fund GIC plans to acquire the trading activities and assets of Hyderabad-based clean energy producer Greenko for about Rs 1,650 crore in one of the largest transactions in the Indian reneweable energy space.The fund, previously known as the Government of Singapore Investment, has signed non-binding agreement with the London-listed company to buy shares in its affiliated, firm Greenko Mauritius.

September 2015

The deal if completed would result in the sale of Greenko Mauritius’ assets and trading activities such as the clean energy projects in India.

Greenko portfolio includes wind, hydroelectricity, biomass and natural gas assets, which are mostly located in north and south India.The deal is being advised by Investec Bank, a specialist bank and asset manager, and Arden Partners. GIC’s notice said that the discussions are at an advanced stage

and that the deal is subject to a legally binding sale and purchase agreement.

In addition, completion of the deal will be subject to a number of conditions, including the approval of shareholders, in accordance with the requirements of the AIM rules, and arrangements being agreed between GIC and the senior management.Greenko’s power generation capacity is about 838 Mw which is likely to rise to about 1,000 Mw. Source: ET

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BUSINESS FINANCIAL

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Adani Says Solar Pact With SunEdision Still In Force Adani Enterprises Ltd recently said that the memorandum of understanding (MoU), which it entered with the US-based SunEdision to set up a solar photovoltaic manufacturing facility in Gujarat, is still in force.

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ompany’s statement came in reply to the clarification sought by the leading exchange BSE on reports that Adani and SunEdison may drop joint venture plans. Adani Enterprises had earlier entered into a pact with the US-based SunEdison for setting up a solar photovoltaic manufacturing unit in Gujarat at an investment of around Rs 25,000 crore that will create 20,000 jobs.

“The MoU signed with SunEdision on December 30, 2014 is still subsisting,” Adani Enterprises said in a regulatory filing recently. Adani and SunEdison was to establish a joint venture for building the largest vertically integrated solar photovoltaic manufacturing facility in the country, a statement issued by the Adani Group had said earlier. The JV will build the solar facility with an investment of around USD 4 billion (around Rs 25,000 crore).

“The facility will create enough solar panels to fuel substantial solar growth in India, furthering India’s goals for clean, renewable energy independence.

“India has embarked on an ambitious programme to become a world leader in power generation from renewable technologies, and sees solar as a key part in realising that goal.”

-Vneet S Jaain , Adani Power CEO

This facility will vertically integrate all aspects of solar panel production on site, including Polysilicon refining, ingots, wafers, cells and panels production with a broader ecosystem involving extended supply chain for raw materials and consumables. The facility, to be set up Mundra in three years time, will “create ultralow cost” solar panels. “We are proud to partner with Adani Enterprises to build the largest solar photovoltaic manufacturing facility in India.

Source: moneycontrol

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India’s Modi Tells Coal Power Plants To Subsidize Solar Prime Minister Narendra Modi’s government has ordered some of India’s oldest coal-fired power plants to help make solar farms more competitive by bundling together electricity from both technologies for sale to the grid.

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The decision dated July 17 requires state-controlled NTPC Ltd. to sell cheaper coal power along with more expensive solar as a single unit. The effect of the order, which was released to industry officials and seen by Bloomberg News, is to reduce the price distribution companies pay for solar power and force them to take more of the cleaner form of energy.

“ The lower pr ic e ensures the competitiveness of this power in the wholesale market, thus easing the search for alternative buyers.”

-Bharat Bhushan Agrawal, a solar analyst for Bloomberg New Energy Finance in New Delhi.

The mechanism is unique to India, where the state-run distribution companies have been losing money because they’re unable to charge customers enough to cover the costs of electricity they buy in the market. The program will help persuade distributors to buy solar power and support Modi’s goal of having 100 gigawatts of solar capacity by 2022, up from less than 4 gigawatts now.The order from the Ministry of Power says plants “that complete 25 years shall be used for solar capacity being established by NTPC.” NTPC will set up 15 gigawatt solar plants by 2019 under the program, according to a transcript of an earnings conference call released on its website in the last week of August. An NTPC official declined to comment. Questions sent by text message to the power ministry’s spokesman and to the power minister weren’t immediately answered.

Power distribution companies may resist buying bundled power “because the average cost of procurement is already higher than the billing rate.Bundling will make it go higher.”

-Praveer Sinha, chief executive officer and executive director of Tata Power Delhi Distribution Ltd.

The plants covered by the program include coal-fired units named Singrauli, Korba, Rihand Stage I and Ramagundam, which will complete 25 years in service in 2016. Another, Vindhyachal Stage I, will pass that threshold in 2017. Together, the plants have a total capacity of 8,960 MW’s.

Singrauli in North India is the first coal plant to take part in the program. The 1,700-megawatt unit’s output will be sold along with power from 3 gigawatts of solar installations, the power ministry order said.“In case of Singrauli if the present tariff is 1.80 rupees, then the bundled tariff will be only 3.12 rupees or 3.15 rupees,” A.K. Jha, chairman and managing director of NTPC, said in the earnings call. He said it may be cheaper than the current price of power from thermal plants in the market.The price would be an improvement over the 5 rupees to 6 rupees that solar power costs in wholesale markets. The order prevents the aging plants from depressing wholesale prices by selling their power into the market without solar energy included.

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India’s clean energy sector is struggling with the reluctance of electricity distribution companies, saddled with over 2.5 trillion rupees of losses, to buy more expensive green power.There’s questions whether the coal plants involved will last long enough to be much use to the solar industry, said Rupesh Agarwal, a partner at BDO India LLP.“These plants are already 25 years old,” Agarwal said. “Will they function for that many more years? Do we need to extend the lives of these plants to bundle with solar energy when solar on a stand-alone basis is becoming competitive?”

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BUSINESS FINANCIAL

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SkyPower And Grupo Uribe Form Joint Venture For The Strategic Development Of Solar Energy In Mexico SkyPower, the largest developer of solar PV energy projects in the world, is pleased to announce the formation of a joint venture with Grupo Uribe, a leading energy company based in Mexico with over 50 years of experience serving households, businesses and industries.

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he joint venture will form the single largest solar development company in Mexico and will focus on the development of an integrated pipeline of utility-scale solar PV projects across the country.

Mexico has one of the fastest growing economies in the Americas and is committed to diversifying its energy supply mix in order to rapidly move forward with energy reform. SkyPower and Grupo Uribe are committed to providing renewable energy solutions that will support the Government of Mexico’s

ambitious goals to increase energy accessibility for Mexicans and feed its growing manufacturing sector. The combined strength of SkyPower’s wealth of global experience in developing utilityscale solar parks and Grupo Uribe’s long-standing credible presence in the Mexican energy sector enables the joint venture to rapidly deploy its capital and resources in order to immediately execute on large-scale solar development opportunities to align with Mexico’s demand for solar.

“SkyPower is truly excited to be a part of this historical change in the energy sector for Mexico, which will undoubtedly create new jobs and stimulate economic growth and development in both rural and urban communities around the country.”

- Kerry Adler, President and Chief Executive Officer, SkyPower.

“Grupo Uribe looks forward to this strategic partnership with SkyPower, a truly global company that is committed to deploying renewable energy solutions for Mexico. Our collective strengths will allow us to harness the vast solar energy potential in Mexico with agility and speed.”

- Fabian Uribe, Grupo Uribe “This is another remarkable moment in the history of SkyPower and it makes me proud to see this joint venture between two incredible companies who are committed to making a positive difference in addressing issues related to climate change and providing access to electricity for those who need it the most.”

- Charles Cohen, Executive Vice President and Global Head of Development

Waaree Launches ‘Sunbless’- Plug And Play Solar Park In Maharashtra

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aaree Energies Limited has announced the launch of its first plug and play solar park in India. The 150 acre ‘Sunbless Solar Park’ at Murtizapur, near Akola, Maharashtra has a capacity of up to 30 MW. This park provides land and evacuation facility to the nearest 132/33 kV GSS via double circuit transmission line.

It offers facilities such as approach road, fencing, water supply, common infrastructure support and resources. The area receives a GHI of 1881.8 kWh/ m2. The park location offers excellent connectivity by road/ rail and provides great economies of scale resulting in reduced total cost of ownership. Presently a 5 MW project is under construction and is set to be commissioned by September 2015.

“Commissioning a solar project within the deadline is critical for its profitability. At times our clients have faced challenges with land acquisition and securing evacuation facilities.

Waaree’s Sunbless Solar Park will mitigate such risks for our clients and significantly reduce the lead time from concept to commissioning.”

-Mr Hitesh Doshi , Chairman and Managing Director Waaree Energies

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BUSINESS FINANCIAL

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& JA Solar, Essel Set To Begin Building Solar Cell, Module Plants

Cochin International airport limited (CIAL) is all set to become the first airport in the country which would be operating on solar power, CIAL official said recently. Kerala Chief Minister Oommen Chandy inaugurateD CIAL’s green initiative--a 12MWp solar power project set up on the premises of the airport on August 18, Airport Managing Director V J Kurien told reporters here.

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hen the photovoltaics (PV) panels laid across 45 acres near cargo complex become functional, Cochin airport will have 50,000 to 60,000 units of electricity per day to be consumed for all its operational functions, which will technically make the airport “absolutely power neutral”.

CIAL, which has adorned many firsts in its cap, like being the pioneer in PPP model in building an airport to introducing a path-breaking rehabilitation package for evictees, has ventured into the Solar PV sector during March 2013, by installing a 100 kWp solar PV Plant on the roof top of the Arrival Terminal Block.

This was a trend setter in the field of grid-connected solar PV in the state of Kerala.After the successful commissioning of this plant, CIAL installed a 1 MWp solar PV power plant partly on the roof top and partly on the ground in the Aircraft Maintenance Hangar facility within the Airport premises.

Both these plants are equipped with a SCADA system, through which remote monitoring is carried out. After commissioning, these plants have so far saved more than 550MT of CO2 emission contributing to the efforts of CIAL towards minimizing environmental degradation.”After commissioning, this installation is expected to generate around 48000 units per day, which along with the electricity generated from the existing 1.10 MWp plants, would be sufficient to meet the power requirement of the Airport,” a CIAL official said.

JA Solar Holdings Co., a Chinese solar manufacturer, and Essel Infraprojects Ltd. plan to begin construction of a 500-megawatt solar-cell factory in the south Indian state of Andhra Pradesh in December, followed later by a module plant of a similar size.

Construction follows the signing of a memorandum of understanding between Essel Infraprojects, the infrastructure arm of Essel Group, and Shanghai-based JA Solar during Indian Prime Minister Narendra Modi’s trip to China in May.Applications for a parcel of land have been made, Essel Infraprojects Chief Executive Officer Ashok Agarwal said in an email. The company plans to set up the manufacturing plant at the Sri City Industrial Park in Andhra Pradesh. Construction of the $150 million cell-making facility is expected to take a year.A 500-megawatt modulemanufacturing plant will follow, with completion expected by the first half of 2017, Agarwal said. Additional investment will be made, the executive added, without providing details.India’s prime minister aims to install 100 gigawatts of solar capacity in India by 2022. The country has 4 gigawatts at the moment.

India has total installed capacity to make 1,328 megawatts of solar cells and 2,523 megawatts of modules annually, according to an Aug. 13 presentation to parliament.

Source: Bloomberg

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Sonali Solar To Expand 100MW PV Module Manufacturing Facility, Gujurat, India

The best part of Sonali is that we are keeping our integrity while remaining marketable by upholding an honest and reputable establishment that has gotten us to this point. We strive to continue to be successful while still making a difference in this world to conserve energy and do it the more affordable and natural way.

Sonali Solar Will be expanding its facility to 100MW by end of 2015 with Automatic Manufacturing Line from EcoPragati, Italy

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e at Sonali Solar based this decision on our growth and dedicated customers that have stuck by us and believed in what we have to offer. With our product line now approved up to 320w with higher efficiency Modules it has open lots of opportunities for more steady commercial and industrial projects. We have grown nation and world wide with more distributors and clients in the USA, Europe, India and now in South America all using the Sonali Solar Products.

With the fight to keep ITC and deadlines of projects for the end of 2015 there has been a higher demand of Modules. Sonali Solar is offering a higher efficiency Module for the bigger projects that are in need with very competitive pricing. While still offering our standard 250w/300w PV Modules at an affordable price and in stock here in the USA along with our 25MW ARRA Compliance facility in Copemish, Michigan.

Hero Future Energies Commissions 10 MW Solar Plant In Karnataka

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ero Future Energies, one of the leading Independent Power Producers in the renewable energy sector in India announced commissioning of a 10 MW solar power project, spread over 50 acres of land in Chitradoorga district of Karnataka “We are happy to announce that we now have cumulatively commissioned 60 MW of renewable energy projects in this state. We believe Karnataka offers exciting opportunities for growth in renewable energy space.”

-Rahul Munjal, Managing Director, Hero Future Energies

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Lao Tzu Once said “A journey of a thousand miles begins with a single step”. We got here doing just that and we plan on staying in this industry for a long time to come.”

- Mr. Pankaj Desai, Owner and President, of Sonali Solar

“We have deployed the best-in-class technologies and once again demonstrated our ability to complete the project ahead of schedule. This project was executed by Clean Solar Power, Hiriyur team in India and is estimated to generate approximately 17 million units of electricity annually, which is sufficient to light twenty thousand households.”

-Mr Sunil Jain, CEO, Hero Future Energies

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National Solar Federation Welcomes Comprehensive New Gujarat Solar Policy Encouraging All Categories – Agricultural, Commercial, Industrial And Residential Users Much awaited New Gujarat Solar Policy has now seen the light of the day. I will describe this new policy as a “Pleasant surprise and indeed, excellent.”

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f the earlier 2009 Policy was a trail blazer for Utility Scale Solar Plants, this new Policy can be acclaimed for its emphasis on decentralized solar power generation and benefitting actual user.It takes care of what is really needed by the state and indeed the nation. Genuine consumers of electricity will clearly stand to benefit.

The policy has not lost sight of RPO fulfillment and the new provisions will facilitate RPO compliance.Distributed and Decentralized generation, another important area has also been very well addressed. Connectivity at all voltage levels is very well defined. Roof top solar installation is encouraged for all category of users, residential, commercial and industrial.Introduction of Net metering and addressing all possible scenarios, including for Open Access are some of the other welcome features of the new solar policy.Besides benefitting the consumers, this policy will help the local system integrators and MNRE Channel Partners, a welcome step indeed.The Policy also addresses the need for manufacturing of Solar Panels and lays a much needed emphasis and encouragement to Technology Demonstration Plants.We are getting encouraging and enthusiastic response and feedback from all solar energy stakeholders, not only from Gujarat, but from all over the country.

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I Squared Capital Partners With Amplus To Create A Leader In Distributed Rooftop Solar Power In India I Squared Capital, through its ISQ Global Infrastructure Fund, is pleased to announce an investment in Amplus Energy Solutions Private Limited (“Amplus”), an owner and operator of distributed rooftop solar power in India.

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mplus constructs and operates distributed rooftop solar projects for industrial and commercial customers under long-term power purchase agreements. Rooftop solar power eliminates the need for costly and inefficient transmission by generating and consuming electricity within the same area.

According to the Central Electricity Authority (CEA), power generation in India produced 0.82 metric tonnes of carbon dioxide for every megawatt hour of net electricity generated in 2014. In contrast, Amplus generates power with zero emissions, while at the same time enabling its customers to lower their long-term electricity costs. The current Amplus portfolio contains projects for diverse customers, including leading multinational companies. Amplus was

“Meeting such a goal requires substantial investment from both the public and private sectors.

We are proud to partner with Amplus to bring this efficient and sustainable technology to more customers in India and beyond. Amplus is setting up an office in Singapore to pursue opportunities there as well as in other Southeast Asian countries.”

- Gautam Bhandari, Partner, I Squared Capital

founded in 2012 and is run by veterans of the power industry with extensive experience in global companies like AES, NTPC, Mirant and SBI Capital Markets.

With the investment from I Squared Capital, Amplus seeks to expand its footprint and become a leader in rooftop solar in India and Southeast Asia. Amplus is setting up a state-of-the-art centralized monitoring facility in the outskirts of Delhi and growing its project and field teams across India.

Distributed or rooftop solar is a green technology that can provide significant economic and environmental benefits.

Under the Modi government, the Ministry of New and Renewable Energy has targeted the development of 40 gigawatts of rooftop solar by 2020.

“Rooftop solar installed by Amplus allows industrial and commercial customers to lower their electricity bills with no upfront capital costs.

We provide construction capital, guaranteed implementation timelines as well as ongoing operations and maintenance. Our power purchase agreements offer customized tariff options lower than grid tarif fs — the resulting savings can begin from day one of installation.

With sizeable backing from I Squared Capital, we now have the resources and capital to build a leading distributed solar company in India and Southeast Asia.”

- Sanjeev Aggarwal, CEO of Amplus

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AAP Govt Targeting 1,000 MW Of Solar Power Generation: Minister AAP government has set a target of generating 1,000 MW of solar power in next five years, Delhi Power Minister Satyendar Jain recently said.Addressing a conference organised by Assocham here.

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AP government has set a target of generating 1,000 MW of solar power in next five years, Delhi Power Minister Satyendar Jain recently said.Addressing a conference organised by Assocham here, Jain said that solar power will be the only option in future as the cost of conventional power is “drastically” increasing every year.”Our government has set a target of generating 1,000 MW of solar power in the next five years. In the first year, our target is of generating 20-40 MW of solar power and in second year, we will achieve a target of 100 MW and in next year, our target will be of 200 MW.”Similarly, government aims to generate 400 MW of solar power in fourth year and thereafter, we will then extend our target.” The power minister said that the rates of solar power have also been similar to conventional power and hoped that solar power will be much cheaper in coming years.

New Land Bill Will Create Hurdles For Solar Vision: Sanjiv Goenka The proposed Land Acquisition Bill by the government will make it difficult to acquire lands for large solar power projects, leading industrialist Sanjiv Goenka said recently.

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”With the new land acquisition bill, as proposed, its going to be difficult to get land or almost impossible,” R P Sanjiv Goenka Group Chairman Sanjiv Goenka said here.

He was interacting with Young Indian (Yi), a association of young entrepreneurs under CII. Goenka was speaking speaking about solar and wind power scenario.He said unless the government intervened it would not be possible for individuals to acquire large tracts of land which is required for large solar projects.India plans to quadruple its renewable power capacity to 175 GW by 2022.Of this, 100 GW is to consist of solar energy. The government has sought more than USD 100 billion in investment to achieve this solar energy target and ensure that the contribution of solar power to the country’s energy portfolio is raised to 10 per cent.Calcutta Electric Supply Corporation has also embarked a solar and wind energy portfolio of 500 MW in next few years.Goenka said gradually the solar cost is coming down but expressed apprehensions about land availability.

“Five or ten years ago, nobody would take interest in solar power... the reason was that rates of solar energy have almost been similar to the rates of conventional power.”Whatever we say about solar power and delay in implementation of power project today... but it is true that there will be only solar power in future and there will be no alternative,” Jain said during conference on ‘Solar Power’.”We hope that there will be decline in rates of solar power and in future.

The rates of solar power will be three times less compared to conventional power rates in terms of capital cost.” Jain added.

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Suntech And Adani Power Collaborate On 200 Megawatts Of Solar In India Suntech has announced recently that it will further collaborate with Adani Power Ltd., one of India’s largest private power producers, in developing solar energy in India.

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untech has agreed to supply approximately 200 MW of solar panels towards a project that will be developed, designed, built, and operated by Adani Power. The project, which is currently in predevelopment in the Tamil Nadu state in Southern India, is expected to be operational by 2016. This project will be the biggest, individual solar project across the globe.

“After recently completing a 9.3 MW project with Adani Power in Gujarat, India, we’re excited to be continuing our partnership with Adani Power, who has proven to be an important and strong partner to have in developing the solar industry in the region and in India. We first hosted Adani Power at Suntech’s manufacturing facility and testing lab in Wuxi this past April. They were impressed with the quality of Suntech’s technology and panels, along with Suntech’s esteemed value in R&D, which is aimed at upgrading its solar technology in order to ensure continual high performance yields and power outputs. We expect that this 200 MW project is the breaking point for Suntech’s presence in India as we continue to collaborate with Adani Power.”

- Haibo Xiong, President of Suntech

The 200 MW project will employ Suntech’s Vem PV series modules, which produce high-performance yields for utility-scale size power plant installations. The solar plant systems are expected to generate approximately 330 gigawatt-hours of electricity, which will power approximately 367,000 households and offset approximately 281,700 tons of carbon emissions annually.

“China has launched massive infrastructure investments in ‘One Belt and One Road’ countries. Clean energy infrastructure and solutions are definitely high priorities in China’s investment strategy, which will provide developing countries with energy alternatives that weren’t previously accessible. The Indian government has provided positive incentive policies for solar development as it looks to accelerate its 2020 100 GW solar mission. We believe this landmark project will help showcase solar energy’s capabilities in providing India with clean and sustainable energy. We are very pleased to be a part of the largest solar project in the world to date.”

- Eric Luo, CEO of Shunfeng International Clean Energy, Suntech’s parent company.

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BUSINESS FINANCIAL

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JinkoSolar (U.S.) INC. Enters Into An Agreement With Ygrene Energy Fund JinkoSolar Holding Co., Ltd., a global leader in the photovoltaic industry, recently announced that its wholly owned subsidiary, JinkoSolar INC., has entered into an agreement with Ygrene Energy Fund, Inc., to integrate JinkoSolar’s high quality solar modules into Ygrene’s PACE financing program, Ygrene WorksTM, for residential and commercial PV systems in the United States.

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he Jinko-Ygrene partnership offers zero-down, 100% project financing to homeowners and business owners who want to own solar systems. Eligibility is not based on credit score and property owners will receive full access to the 30% federal solar Investment Tax Credit.

Contractors benefit from Ygrene financing because they are paid immediately after property owner sign-off at project completion.

Waaree Energies Receives ‘Make In India Awards For Excellence Waaree Energies Limited was awarded the ‘Make In India Awards for Excellence – 2015’

by Krazy Mantra, a leading IT organization based out of Ahmedabad. This award is an effort to recognize the companies who are executing our Honorable Prime Minister Shri Narendra Modi’s vision of ‘Make in India’ with excellence in their own domain. Waaree has received this award for its manufacturing excellence in the renewable energy category.

Chief Guest for the event, Shri.

Kalraj Mishra Union Minister for MSME, and Shri Dhanraj Pillai the legendary hockey player, handed over the awards to the winners. Mr. Ketan Vora CEO Waaree Surya Power LLP received the award on behalf of Waaree Energies Limited.

“It’s an honour to be recognized for excellence in the field of solar energy.

Just as the powerful sun reaches the remotest corner of the world, Waaree is determined to widen the solar energy landscape in the best possible way.

These recognitions go a long way in keeping our morale high and motivate us to keep up our quest for excellence. I would like to congratulate Krazy Mantra and their entire team for conceptualising and executing this initiative successfully.”

- Hitesh Doshi, Chairman and Managing Director, at Waaree Energies

“We are pleased to select JinkoSolar as a Preferred Module Partner, combining Ygrene’s low cost financing with modules that have a reputation for the highest quality and reliability. Ygrene has approved over $400 million in energy efficiency upgrade projects, and this partnership will help us offer customers low-cost solar solutions while helping cities and counties increase levels of renewable energy.”

- Mike Cary, Chief Operating Officer of Ygrene. ”Innovative PACE financing is a major opportunity for growth in residential and commercial sales, so we are excited to offer this joint program with Ygrene, as we continue to expand our footprint in the US,” “We believe the Jinko-Ygrene program offers the customer an optimal path to ownership of solar systems.”

- Mr. Nigel Cockroft, General manager of JinkoSolar (U.S.) Inc.

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Nuevosol and SmartTrak sign MoU, Tracker Technology Set to Become More Economical, More Robust Nuevosol Energy Pvt Ltd has joined hands with SmartTrak. Nuevosol is reputed within the solar market for its superior design competence, wide span of its supply chain and its execution capabilities. Nuevosol has successfully executed projects across 18 states of the country, delivering over 1000MWs.

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martTrak is held in high repute within the industry for delivering economical tracker solutions. Their collaboration is aimed specifically at making tracker technology more affordable and accessible, while bolstering its robustness and ease of installation.

Dwindling tariff prices, increasing costs for successful project completion, and unstable raw material prices have continued to serve as major detractors, jeopardizing the financial viability of major power plants, and dissuading investors and EPC players alike from executing such ambitious projects.

The advent of tracker technology, with its ability to facilitate increased energy output production accompanied with only a fractional increment in initial investment, has presented a genuine way around the aforementioned detractions. Tracker technology, however, has traditionally been received with an eye of suspicion. The questionable reliability of the tracking mechanism, its need for repetitive maintenance and a seemingly high scope for errors – these have been genuine concerns of investors and EPC players alike. The Nuevosol-SmartTrak collaboration is aimed at not just demystifying these notions, but also at ramping up execution schedules in order to deliver projects of 100MW capacities and above.

“Falling power tariffs have impacted the ROI of investors in various states.

This can be addressed by economical and durable tracking solution.

Nuevosol has continuously lowered the fixed structure costs by optimizing designs and now coupled with SmartTrak’s expertise in tracking, we are determined to lower the costs of tracker systems and make trackers a much sought after product”. On similar lines MD of SmartTrak MrBhagavan with an experience of above 30 MWs of tracker installations expressed that “SmartTrak started out to deploy trackers in 2012, and was the first to create a market demand for the same. Our experience in tracking combined with Nuevosol’s expertise in structure we are aiming at addressing a demand for tracking structures in mega power projects.”

- MrSriram, Director Strategy, Nuevosol

Nuevosol’s future plans constitute of new in-house manufacturing facilities by year end, to facilitate rapid deployment of projects in line with the ambitious requirements of the solar sector. SmartTrak is already in possession of in-house tracker manufacturing unit and plans to ramp up production as well. With their core competencies firmly secure, their plans for the future viable, and a sector brimming to expand exponentially, the MoU should serve as a welcome sign for the sector.

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BUSINESS FINANCIAL

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DNV GL Demonstrates Proof Of Continued Quality By Receiving DAkkS Re-Accreditation For Renewable Energy Certification Services DNV GL, the leading global certification body for renewable energy services, has been reaccredited by the German accreditation body Deutsche Ak kreditierung sstelle GmbH (DAkkS).

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his allows DNV GL to conduct conformity assessment of wind turbines and their components, wind farm projects and their assets, small, medium and large wind turbines, on- and offshore technology, ocean energy converters and related services and technologies, generating units and plants in wind energy, photovoltaic, hydropower and biomass sector. The reaccreditation is testament to DNV GL’s continued commitment to deliver highquality certification services for global product manufacturers, developers- and operators of renewable energy projects, as well as banks, investors and insurers.

Following a thorough re-accreditation process, DNV GL’s offices in Hamburg, Copenhagen and Dresden are now fully qualified to make independent certification decisions. Previously, all certificates have been issued in one central location, the renewed accreditation enables a worldwide setup for the service lines component, type and project certification.

“With this re-accreditation DAkkS has affirmed DNV GL’s expertise as the leading cer tification body in renewable energy, which demonstrates the continued proof of quality of our certification services. DAkkS confirmed the outstanding technical competence of our global team of educated experts, which is vital to bring pioneering projects to the market and increase confidence in the quality and safety of our services.”

- Mike Wöbbeking, Head of Certification Body at DNV GL The accreditation covers a range of national and international guidelines and is in accordance to ISO/ IEC standard 17065, which came into force in 2012 and replaced the ISO/IEC Guide 65 as well as the corresponding European standard DIN EN 45011.

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Venturini: Huge Development Opportunities In India, Africa And Latin America Negotiations with India-based Bharat Light and Power for a first presence on the Asian market, an agreement with F2i for Italian PV plants and a disposal and purchase plan in Latin America.

Interview with Enel Green Power CEO on Il Sole24ore

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ver the last few years the energy world has deeply changed. Once the business consisted in the construction of large plants, while presently generation is focusing on smaller plants that are built faster, like those using renewable energy, and the value is shifting to distribution and customers».

This is the global scenario in which Enel Green Power is operating, CEO Francesco Venturini explainedin an interview with Il Sole24ore, which defines the company «a somewhat strange animal» whose business is not completely regulated by sales contracts or long-term tariffs. «60% of its turnover still comes from Spain and Italy, and our diversification includes five technologies and 16 countries. No

September 2015

other operator in the world is comparable to us. Additionally, over the last few years the price of energy has fallen dramatically: we have managed to survive, continuing our investments and generating large cash-flows thanks to diversification».

The three pillars on which Enel Green Power bases its strategy are:the development of new plants, their management - on which it is focusing at present - plus an active management of its asset portfolio, by means of a disposal and purchase plan. «Over time the market has changed, becoming more liquid than it was a few years ago. Our new strategy has somehow systematised the purchase of assets and we expect to go on generating value for our shareholders in this important way », stated EGP’s CEO. The operation in India objectively witnesses the Enel Group company’s value creation target; and in this case this goal is achieved strategically with the aim of entering a specific market faster, by means of an initial direct investment of around €50 million. «India is at the centre of the Asian market, it’s the country that right now is making the greatest efforts to support investments in renewables. Our presence in India will also be a base from which we’ll look toward the rest of south-eastern Asia», Venturini explained. Several months ago we began negotiating with Baharat Light and Power, which is developing some 170MW of wind power assets and has recently begun to look for a partner to accelerate its growth, a global operator that can invest capitals to support I expect investments in development. «By sharing Brazil will drop, following our management resources the consumption trend, and local management we and tenders will also can leap forward and skip slow down significantly. one or two generations of In Chile I hope we’ll knowledge of this market, keep on investing at the which is highly complex from present pace, just like in a cultural and bureaucratic Mexico, where EGP acts viewpoint», Venturini added. as a pathfinder that will EGP is also greatly be potentially followed focusing on solar

by Enel», Venturini photovoltaic tenders that explained. are beinglaunched by the Indian government: highly competitive, focusing on costs and not allowing a substantial differentiation from other players, with rules on long-term supply contracts that must be improved in order to attract considerable funds from international investors. «We’ll enter cautiously, without excessive risks and it’s not sure that EGP’s first plant will be solar», the CEO said.The future of the Enel Group company is based on a plan that is strongly balanced as regards geographical areas.

The watchword is acting as both potential buyers and sellers, especially in Latin America. «The USA is still an important risk balancing element in our portfolio.

The latest developments include a number of important experiments that EGP is carrying out. «Our organisation involves small structures that analyse the emerging technologies and we invest a limited amount of money also in small companies that test new technologies. Other departments are developing new business models, including distributed generation and micro-grids, which work very well in countries whose distribution network will take long to develop and where millions of people still have a limited access to electricity», the CEO remarked.

The country that has been chosen for the development of these business models is South Africa, where a project that is about to be launched involves selling PV plants and batteries to consumers who don’t want to depend on diesel generators.

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BUSINESS FINANCIAL

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Hareon Solar Announces Partnership With Nereus Capital And Treasury Group Hareon Solar Technology Company Limited, one of China’s largest solar energy companies announced recently that it has entered into a joint venture with Nereus Capital and Treasury Group.

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he JV company, Nereus Capital Investments Singapore Pte Ltd, will be majority owned by Hareon Solar, and will invest in solar projects in India.Solar power has reached grid-parity in many states in India today without government incentives. This dynamic enables solar project developers to enter into economic power purchase agreements such that private offtakers can reduce their electricity costs over the duration of the PPA. To meet India’s rapidly growing energy demand, the Indian government has set an aggressive target to install 100 GW of solar power by 2022.

The JV company will develop, build and operate approximately 32 MW of PV projects through wholly owned project companies in India. The project companies will primarily sell electricity to creditworthy, public-listed companies in India. The projects are expected to begin commercial operations by the end of 2015. Upon completion, the projects will generate approximately 52 Million units of electricity per year, enough to power more than 13,000 homes. Hareon Solar will supply its high efficiency crystalline silicon solar modules to these projects.

“This is Hareon Solar’s third Indian investment this year, following announcements last month about our partnership with ReNew Power for a 72 MW project, and our partnership with Keshav Power Limited for a strategic investment in solar cell manufacturing unit in India. Hareon Solar has been serving India market since 2011, and we are committed to investing more in India.”

- Dr. Jie Zhang, VP of Global Business Development at Hareon Solar

“Hareon Solar is expanding our global footprint through strong partnerships. We believe that bringing together the strengths of a global asset management company like Treasury Group with the local Indian expertise of Nereus Capital and solar energy experience of Hareon Solar is a winning combination.”

- Dr. Rubin Sidhu, Director of Hareon Solar India

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BUSINESS FINANCIAL

& Growing Focus on Technology Investments There is evidence of wide ranging technological innovation in the E&R sector, previously considered a conservative and slow-moving industry. The investment and focus is now on new areas such as Big Data, cloud computing, mobility and sensor technologies with the objective of ensuring system reliability, reducing costs, and driving efficiencies.

Leveraging the Internet of Things to Improve Efficiencies

Powering The Energy And Resources Industry With The Internet Of Things In a dynamic global economy, the energy and resources (E&R) industry must constantly strive to overcome the challenges of low productivity, high logistics costs, continuous monitoring of assets, and an inefficient supply chain. In this complex landscape, leveraging the Internet of Things (IoT), powered by smart and intelligent sensors, can help E&R industry players mitigate these challenges.

I

n this paper, we discuss these avenues as well as explore opportunities for operating IoT on an IP network to enhance operational efficiencies and improve processes.

Top Challenges in the E&R Industry » »

»

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The global energy sector is characterized by complex and geographically dispersed operations, as well as an arduous work environment.

Companies need to focus on ensuring higher operational efficiencies to reduce uncertainty and risk in the future. There is also a growing need to further develop and transform the energy system due to unsustainable pressure on natural resources and high energy prices.

Companies are increasingly trying to control production costs as these further burden the endusers, making internal efficiency even more vital.

Also, strict health and safety regulations have made ensuring worker safety and health a top priority.

September 2015

Recent trends indicate that E&R companies are addressing these challenges by leveraging the Internet of Things (IoT). The IoT operates through IP-connected sensors powered by a Big Data based analytics framework and wireless networks and is hosted on a cost effective cloud solution.

It offers completely new ways to enhance productivity. » » » »

Managing ownership transfers Ensuring road transport efficiency and safety Monitoring asset performance and usage Detecting gas leaks

Lot has the potential to improve the productivity of the E&R organization. Its ability to support remote operations and real time vigilance enhances efficiency, operational safety, and environmental responsiveness.

Real time information exchange and on-sensor or device analytics promise to deliver tremendous business value. Factors such as decreasing sensor cost and low cost cloud hosting solutions serve as further impetus for the E&R industry. They allow industry players to go beyond M2M systems and leverage IoT to devise cost effective and efficient solutions to their biggest challenges.

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Cemtrex To Venture Into Renewable Energy Projects Cemtrex, Inc. recently announced that the company plans to venture into the emerging renewable energy sector in India to participate in a market that is expected to grow from 1,500 Megawatts in 2014 to 100,000 Megawatts in 2022.

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he Company is in preliminary discussions with several state agencies in India who are giving incentives to independent developers for procurement of energy in phased manner over a 25 year period. The Company plans to set up a wholly owned subsidiary in India to setup and operate a 100 MW solar power plant and thus carry out its objectives of expansion into the renewable energy sector. The wider energy goal of the Indian government is to reinforce the country’s energy security, and Prime Minister Narendra Modi has targeted renewable energy as the most likely route to energy independence. The goal is to hit 175 GW of solar PV, wind, and biomass generation by 2022, and the country has earmarked around $200 billion in investment required.Saagar Govil, Chairman and CEO of Cemtrex said that “The ‘Make in India’ initiative of the Indian government provides a perfect incentive for us to take advantage of lucrative opportunities in this emerging market.” According to Mercom Capital, India is on course to grow its solar capacity by 2.5 GW in 2015 and is certainly poised to become a leading player in the global solar landscape.

“India is replicating Germany’s and China’s systematic electricity sector transformation, with the added advantage that the cost effectiveness of this is accentuated by the fact that the price of solar electricity has dropped by 80% in five years.”

- Tim Buckley, Institute for Energy Economics & Financial Analysis director of energy finance studies

Major Airports Of Rajasthan To Have Solar Power Major airports of Rajasthan will go green soon with solar power catering to most of their electricity needs, a senior official of Airports Authority of India (AAI) said recently.

AAI is also actively working on the airport at Kishagarh, the official said.Similar solar photo-voltaic power plants are proposed for Amritsar, Chandigarh, Lucknow, Varanasi and other regional airports, he said.Kalra said thrust is being given to nonconventional sources of energy to meet the growing needs and reduce the cost of power generation. AAI would meet solar plants’ expenditure from its own budget and if required, it could go to private developers for setting up the solar plants with a probable contract of 25 years.

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t Jaipur airport in the state’s capital, a solar plant with the capacity of 100 kws was intially set up on the rooftop and another plant with the capacity of 1800 kws would come up on the ground, beyond safety area and close to boundary wall, AAI’s Regional Executive DirectorNorth Rakesh Kalra told PTI over phone.AAI has got a plan of Rs 13-14 crore to run Jaipur airport’s internal power requirement on solar energy by the end of this fiscal year, Kalra said. Jaipur Airport requires nearly 2000 kws of electricity for lighting, air-conditioning, runway lights and navigational aid and this would be met by solar energy, he said.Conventional source of power would be there for a balance with solar energy, he said, adding there would be devices to keep the balance of power generation from solar and conventional electricity source.

There would be pool of electricity and solar energy for consumption at airport, he said.Similarly, a 100-kw solar plant has been set up at Jodhpur airport and efforts are underway to provide solar power facility in Jaisalmer and Bikaner, Kalra said.

- Rakesh Kalra, AAI’s Regional Executive Director-North

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Zhongli Talesun Supply 222 MW Of Solar Module To ACME India Zhongli Talesun recently announced it has signed an agreement to supply 222MW of solar modules to ACME Cleantech Solutions Ltd.The time of delivery is from September 2015 to February 2016.

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CME founded a joint venture with Electricite De France (EDF) which is committed to project development construction and operation in Indian market .It has plannedto complete total7.5GW projects beforethe end of 2019, which hasalready completed about 1.5GW project now. Also ZhongliTalesunhas passed the factory inspection by EDF .thus becomes one of the few module manufacturers whichachieve endorsement of quality

by EDF in China.

“We are seeing a significant pick up in the adoption of solar power in India this year and we are delighted to be taking part in the growth with our efficient and high-quality modules. India is no doubt a robust and growing emerging market for solar energy. We believe this agreement not only demonstrates our growing brand awareness in India, but also sets a solid foundation for our expanding business in the region in 2015. We look forward to capturing more market opportunities in India with ACME.”

- Mr. William Sheng, Marketing & Sales VP of Zhongli Talesun “This is the first year we cooperate with ZhongliTalesun.

We are delighted to further deepen our relationship with ZhongliTalesunon these projects in India. ACME had delivered many successful projects in the past. Looking into the future, we are also very optimistic about India’s solar prospect and are expediting our paces to expand our projects portfolio. We have strong faith in ZhongliTalesun’s dedicated team, comprehensive products and superior product quality and look forward to have 500MW of the follow-up order in year 2016.”

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Kohli Ventures Invests In Renewable Energy Kohli Ventures, a company focused on investing in pioneering advances that help transform people’s lives,recently announces that it has invested in a leading renewable energy company called Zynergy.

he multi-million dollar consideration is undisclosed.

Zynergy is a Singapore headquartered group offering end-to-end solar solutions; it currently operates across the emerging markets with a particular focus on India and has participated in various public-private partnership (PPP) initiatives and has within its portfolio solar energy generation plants with power purchase agreements in place. Furthermore, Zynergy has executed large distributed generation projects in India and has strong commercial ties with a number of African states to build Solar energy projects catering to the growing demand in the region.

Zynergy has a high calibre engineering team, offering Engineering, Procurement and Construction (EPC) turnkey solutions and an exceptional Research & Development division specializing in creating innovative and affordable energy solutions. Its significant intellectual property has the ability to disrupt prohibitive cost barriers and democratise solar energy by making the products more affordable to the mass market.

Compared to standard water pumps, Zynergy Solar Water Pumps cost significantly less, solving a big problem for farmers throughout the emerging markets and beyond. Zynergy has an innovative line of products not only in solar lighting but also in water filtration, water pumps, and refrigeration, at a fraction of the cost.

“Zynergy is a high tech, renewable energy business that has the ability to transform lives by increasing access to powerful technology through innovation and engineering excellence. It is our intention to use our extensive experience and financial resources to exploit the full commercial potential of this business globally whilst making a major social impact as part of our growing portfolio of investments in this sector.” The Company has targeted a revenue stream in excess of $400m by 2017, and is confident to achieve this given the forward purchases on its order book.

- Tej Kohli, the visionary entrepreneur and Chairman of Kohli Ventures

“This alliance is a huge leap forward for Zynergy in realising its strategic goals to become a leading player in the renewable energy sector. Our objective is to directly impact the lives of the masses through integrating the latest technology in the market and reducing harm to the environment, whilst at the same time help create additional income for ordinary people.

Kohli Ventures’ philosophy is the perfect fit for Zynergy, as the Group prides itself on real social enterprise. The fit could not be better for us under the leadership of the Chairman, Tej Kohli.”

- Rohit Nath, The founder and Managing Director of Zynergy 40

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Time-Table Fixed For World’s Largest Ultra Mega Solar Power Project This ultra mega solar power project of 750 MW capacity to be set up in Rewa district. The decision taken at a meeting of Board of Directors of Joint Venture company constituted for the purpose.

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he meeting was chaired

by M D of En e r g y Development Corporation Shri Manu Shrivastava. A joint venture company for the project has been constituted by Energy Corporation of India of Central Government and Madhya Pradesh Energy Development Corporation. The company has been named as Rewa Ultra Mega Solar Limited.

The meeting decided that notification for inviting tenders for the project will be issued in current month. Investors will be motivated by giving them information about the project. For this, road shows will be held in country’s mega cities and other countries. It was decided to invite tenders by October 2015. It was decided to allot work to successful bidders of tender by January 2016.

International Financial Corporation of World Bank will undertake process to set up project. The corporation will assist in executing tender process and select bidders. Officers of International Financial Corporation and Shri K. Ramesh Kumar of Solar Power Corporation, New Delhi were also present.

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Rise In Solar Cells Prod’n To Bring 30K-Cr Investment The increase in manufacturing facility for solar cells and modules will bring in an investment of about Rs 30,000 crore and create 25,000 jobs in the country.

“It is expected that the manufacturing capacity for cells and modules will increase roughly by 2,500 MW and 5,000 MW per annum, respectively.”

“This is expected to create 25,000 jobs in manufacturing sector and bring in investment of about Rs 30,000 crore.”

- said an official , From New and Renewable Energy Ministry

At present, manufacturing capacity of cells and modules in India is 1,386 MW and 2,756 MW, respectively.Besides modules, solar power plants require inver ters, cables, support structures, transformers and switch gears.The official said that the target announced

by India has generated a lot of interest amongst the manufacturers and several large companies from various countries like the US, China, Japan, Germany, Canada etc. and they have shown interest in setting up manufacturing facilities in the country.

Besides, the Indian manufacturers are expanding their manufacturing capacity, he added.India has announced an ambitious target of 100 GW of grid connected solar power project by 2022. It will help to provide clean power to the country and boost manufacturing in a big way.

The official said that some capacity, which was non-operational due to lack of orders, will also be revived.India is not imposing restrictions on import of solar equipments in order to keep price of solar power low and keep competition alive.”It is important to keep the price of power low because the burden on high tariff is not sustainable in the long run and consumers should not be burdened with expensive power.With scale, the domestic manufacturing is also expected to be competitive,” the official said.

While India is looking at manufacturing capacities to feed the domestic demand, the country also looks forward to the export market.Some Indian companies are already exporting cells and modules, though with high competition in the market, it is difficult for them to sell at full capacities.However, it is expected that the market will continue to expand all over the world and Indian products will have a good market.In order to encourage domestic manufacturing, a provision of domestic content requirements has been introduced in procurement of solar power under government scheme for grid connected solar power.

Source: PTI

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Q.

Please make a brief introduction of Jolywood

Lin: Jolywood (Suzhou) Sunwatt Co.,Ltd was founded in March 2008 as a professional manufacturer of solar backsheet and was fuccessfully listed in Shenzhen Stock Exchange GEM (stock code: 300393) in September 2014. As a leading high-tech enterprise which focus on R&D and manufacturing of advanced materials in photovoltaic field, Jolywood’s products and solutions hae been used in more than 8GW of PV power plants, serving in more than 20 countries and regions,obtaining wide recognition in the industry.

Currently, on the basis of reinforcing backsheet business, Joly wood has layout in the field of PV power plants. Taking finance, construction , operation and maintenance as the starting point, Jolywood is committed to building ecosystem of investment and financing of PV power plant and value-added serivces , actively promote the company’s strategic transformation and upgrades.

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Q.

Jolywood has been one of he most leading backsheet manufacuter in the world and you are suppliying to almost all top module manufacuturers in China. What is your plan and target in India market and what is your opinion about India’s PV industry.

Lin: We believe India is going to be the next hotland for solar industry , in terms of solar installations and solar manufacturing. The new goverment is promoting “MAKE IN INDIA” idea and policy, in such way I think the manucaturing capacity of modules will increase sharply in the coming years. Also India is one of the best place to install solar power plants,even distributed energy, no matter on grid system or off grid, so we can see huge demand here.

Jolywood has been suppliying high tech and high quality backsheet to module manufacturers since 2008, especially to those tier 1 makers, our products and solutions have been approved under all kinds of harsh enviroment and conditions. In fact,Jolywood’s backsheet has been applied among part of the modules exported from China to India in past years.

Our next plan is to supply our products and solutions directly to Inida markets and even develop some products or solutions only for Indian market.

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PV MANUFACTURING

Q.

Kindly enlighten our readers with the Technology, Processes and Production Capacity of your Products

Lin: A novel PV backsheet design, coined “glue-membrance integrated backsheet” has been presented. This backsheet was fabricated by utilizing a flow-tangent cast roll-to-roll coating process combined with a plasma technique, and, unlike a conventional layer-by-layer lamination process, no glue(adhesive) was used in the fabrication, In this new approach, a special coating formulation containing reactive fluoropolymers was adopted as a coating material and appplied to a PET substrate. This was followed by thermal curing to create the glue-membrance integrated backsheet.

The fluoropolymer contriuted all the necessary properties -weatherrability, UV resistance, moisture barrier,durability and electrical insulation- required by a PV backsheet.

The novel backsheet was extensively characterized and tested using different techniques, namely SEM, AFM,contactangle measurement and XPS, and compared with other commercially available PV backsheets. A PCT experiment demonstrated that it was superior to most of the commercially available PV backsheets in terms of adhesion to EVA and delamination. The novel backsheet promises to be a suitable candidate as replacement for the conventional layer-bylayer laminated backsheets currently used for PV module encapsulation.

The use of a plasma technique dramatically improves the surface properties of the PET substrate, resulting in better wettability and compatibility with coating materials, and eventurally stronger adhesion between the coating layer and he substrate. After coating the PET substrate,the monolayer of silane molecules was grafted onto the surface via plasmaenhanced deposition in order to increase the adhesion between the backsheet and EVA.

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September 2015

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PERC is HOT. Think smart, Choose Spatial ALD now.

Author: Roger Görtzen Co-founder of SoLayTec Marketing and Sales manager

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In recent years the p-type standard Al-BSF cells have improved signi f icantly, especially with new front-end technologies such as new pastes for high ohmic emitters, double print and 4 busbars technology.

With all these new developments for the front end, the time is ripe for the next generation of high-efficiency cells. It will be clear to everybody that following all these improvements for the front of the cell, it is the back of the p-type solar cell where the next efficiency gains can be achieved.

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S

o, after years of development, since 2009, it cannot have slipped your attention that PERC is now hotter than ever. From 2008 until 2010, AlOx / PERC was dominated by R&D institutes at all major conferences around the globe. Since 2011 there have been only a few companies – Q CELLS, Gintech and Sunrise, among others – that started up PERC in pilot production (about ~1,200 wph). These companies were the pioneers and achieved efficiencies of about 18.3% on multi cSi. After that Taiwanese and some European solar manufacturers started real mass production from 2013 as it seemed that market introduction was getting more and more successful. It was one of the ways for Taiwanese manufacturers especially to distinguish themselves from Chinese manufactures. However, since last year Chinese solar manufacturers have also begun investing more effort in this technology and are expanding rapidly. Different Chinese solar manufacturers have already demonstrated great results with PERC. For instance, JA Solar announced 20.4% average on mono cSi PERC and Trina Solar achieved record efficiency of about 21.4% for PERC mono cSi material.

It has become an undeniable fact: PERC is extremely hot these days.

This year in total about 5 ~ 7 GW of PERC equipment installation will be finished and the total PERC installation for the complete market is about 7 ~ 9 GW. The ITRPV roadmap expects that the PERC market will double its current capacity in 2017, which means that PV PERC production capacity will reach about 16GW. The question is what kind of equipment can be used for PERC. To date, PECVD Roth Rau has been the largest player, and the prediction is that it will install about 70 – 80 PERC machines in the coming months. The lead time for Roth Rau is already about 9 months, if you are not a key customer. For key customers some exceptions can be made but, in general, the lead time counter is ticking further.

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PV MANUFACTURING Other PECVD players are trailing behind, with the deposition equipment of Manz not attracting much interest so far. On the other hand, the most aggressive player, Applied Materials, still didn’t achieve a successful implementation of its first two PECVD machines in Asia. The main problem seems to be that the process is unstable and the maintenance is a large headache, which results in a very low uptime.

Before this, news from the market revealed that Schmid doesn’t sell its APCVD business for AlOx PERC. So who can compete with Roth Rau in this field?

There are already some customers from SoLayTec that mentioned, “Spatial ALD technology is the only technology that can beat the MAiA for PERC and its clear advantage is that it can be also of use for new ntype cells structures, which have also been gaining market share more recently.” For n-type cSi a very thin AlOx is required for either bi-facial or IBC structures, and this cannot be done

by PECVD deposition equipment in general. The third advantage for spa-

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tial ALD compared to PECVD AlOx, is the use of much less TMA precursor material, which results in about €100k less material annually as well as fewer TMA vessel exchanges. This automatically reduces the risks of a potential TMA fire.

Having spoken to dozens of MAiA users, it is evident that the last drawback is that the periodic maintenance of the MAiA is so long that a 89% uptime is hard to achieve, also for the latest MAiA 2.1 version. Not only are many local cleaners needed to do this terrible job but from a customer perspective this means a lower net annual capacity of the PERC production line. If you combine ALD plus direct PECVD, an uptime of 95% can be achieved. This means a 6% higher uptime of the complete production line, and this is about 7.5MW more PERC cellson an annual basis, corresponding to €2.6M more revenue, compared with MAiA. Of course, the biggest advantage of the PECVD MAiA 2.1 version is the easy two layers (AlOxplus SiNx) in one machine approach for the complete

PERC back side. But the disadvantages are there to see in this article. In essence, then, theSolaytec ALD plus Tempressdirect PECVD combination gives the solar manufacturer a €3.3M annual benefit for its PERC line.

The philosophy of SoLayTec is clear:

“Think smart and choose Spatial ALD now.”

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Interview With

Jayaram U.K.

Q. EQ : Including Renewable Projects under Priority Sector Lending by RBI Kindly comment and express your views ?

JUK : The renewable energy companies have been facing funding issue since long. The bankability of the projects has been the dire need of the sector for its survival. We all know how many small to big size companies have declared their insolvency in last year or so. Inclusion of Renewable energy sector under priority sector is a commendable move of RBI.

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What is your view on the performance of Hon’ble PM Shri Narender Modi, Hon’ble Minister Shri Piyush Goyal & New BJP Government in the last 1 year JUK : The new government at the center led by Mr. Narendra Modi started with a positive note from day one . Though they abolished the antidumping duty proposal, they increased the quota for DCR to support domestic manufacturers. It is really admirable to note the raising the NSM target from 20 GW to 100 GW. This gave enormous confidence to the domestic and overseas investors. The Power minister Mr. Piyush Goyal personally addressed industry representatives many times and attended long pending issues quickly, which gave further confidence to the industry. The Finance Ministry, MNRE and the Department of Electronics and Information Technology ( DEITY) have provided admirable support. We also responded favorably. We doubled the capacity of our Encapsulant production at Bengaluru and acquired Solar Semiconductor at Hyderabad. The new government at the center is addressing the issues systematically and fixing ambitious targets to create demand. Once demand is created, positive growth starts. The changes are already visible since the last one year.

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PV MANUFACTURING

Executive Director At RenewSys India Pvt Ltd.

Q.

Do you foresee the Anti-Dumping might come back anytime in future

JUK : Instead of anti-dumping duty, we feel the need of the hour is an import duty structure that supports domestic manufacturers with the duty increasing in steps as one goes up the value chain.

Q.

Do you think the target of 100GW Solar by 2022 is achievable What are the challenges and roadblocks.

JUK : We say nothing is impossible. This is a massive doable work provided all participating parties including the Authorities, Manufacturers, Financial institutions and Developers remain committed and work in synergy.

The concerned authorities should play a leading catalytic role especially in land acquisition and in the T &D sector, which most people feel are the weak links.

Q.

Q.

Any other topic on Government, Policy, Regulation, Finance, Technology, etc.

JUK : We feel three things are very important to support Indian companies.

1

Continuation of DCR scheme till the Indian manufacturing companies become self-supporting and competitive in overseas markets.

2

Bench-Marking for Quality of components, modules and installed projects. This will give clarity and a fair playing field for quality manufacturers, suppliers and installers.

3

A graded import duty structure so that each step in the manufacturing value chain has duty protection to compensate for the high interest rate and other high overhead costs in India.

Is the Government taking right steps in achieving the targets?

JUK : Government looks fully committed and putting its sincere efforts to achieve the target. MAKE IN INDIA, NEW LAND BILL, SKILLED INDIA are few of the many ground works the central government is putting in place to maximize the activities to accelerate overall national growth. We are hopeful that if not fully, a major portion of the target should be achieved by the target date.

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Q.

Government of India is trying to further lower the lost of Solar Power by having a dollar denominated PPA and thus avoiding the forex fluctuation risk and reduce the solar power costs, hedging costs etc Please comment on the same.

JUK : In general, the interest rates are very low outside India. This fact is attracting foreign financiers/institutions to come forward for funding solar projects in India. One of the models that is being adopted so far is funding coming from outside India on ECB for repayment period of more than 5 years. Then issue is exchange fluctuation while repayment of loan to the funder. For this reason, hedging is the solution and many institutions insist for that.

The solar developer is incurring a major portion of costs in dollars, but is shielding the consumer from rupee depreciation risk by designating the tariff in rupees. Solar investments’ dollar economic internal rate of return to the Indian economy is in the high teens while the borrowing of debt could be only at 5-6%.

The economic surplus from each project

is transferred to and aggregated in the larger Indian economy. Hence, the role of the RBI and government is perfectly justified and is crucial in achieving this grand vision.

If developers can avail of the debt in rupee at 5-6% — i.e. at the same interest as that of international dollar denominated debt, they can provide solar power at less than Rs 5/kWh, and that too with no escalation in future. They also don’t strain the domestic banks and can raise all the debt abroad.

The government can easily raise about $15-20 billion per annum over the next five years from external sources including NRIs, multilateral agencies, development banks, sovereign wealth funds and lend directly to projects once the PPA is signed up. This will also accelerate development of solar projects

Q.

since raising debt financing for individual projects can consume a lot of resources.

The Centre should provide a guarantee that if states/SEBs do not pay their solar developer in time, they will step up and take it out of allocation to the states.

Only those states that sign up for this program should be entitled to the foreign exchange risk covered by the central government/RBI and avail of cheap solar power.

However, if we get regular foreign exchange earnings in terms of dollar PPA, this exchange fluctuation issue can be addressed and no further cost on account of hedging for the solar developer.

Then cost of solar projects would be less expensive and encourage developers to come forward for more projects which will help easily to achieve the goals set by the state and central governments.

You acquired Solar Semiconductor recently. What synergy do you expect from this acquisition which strengthens your position in solar energy sector?

JUK : In a short span of time, we could make a good name in Encapsulant and Backsheet markets. We were new in cell manufacturing. Setting up a new cell factory and building-up a new team was a time taking process, and the time was running out. Acquisition of Solar Semiconductor (now named as” RenewSys India Pvt. Ltd, Division Hyderabad”) assets gave us ready-made infrastructure, production facility and experienced people to come to cell market quickly.

As most of the Indian module makers are using our Encapsulant and Backsheets, buying cells also from the same source shall give them unmatched advantages in administrative and purchase activities. Encapsulants, Backsheets & Cells are the three most critical components of a pv module. The quality reliability and the availability of post sales services from a single source is a rarely available opportunity in the PV business. The same will be case with overseas buyers.

Module manufacturing facility at Hyderabad division offered to contract manufacturers shall boost our innovative R&D capabilities in all the areas, especially on long term reliability tests on real field modules.

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SINGULUS TECHNOLOGIES PV Technology Powers the World INNOVATIONS for PERC, HJT, CIGS, CdTe

SINGULUS TECHNOLOGIES provides technology solutions for both crystalline and thin-film high-performance solar cell platforms.

Our production equipment improves efficiencies and reduces manufacturing costs.

SINGULUS TECHNOLOGIES is an established machine supplier with customers producing PERC, Heterojunction and CIGS & CdTe solar products.

SINGULUS TECHNOLOGIES’ expertise includes vacuum thin-film coating (PECVD, sputtering, evaporation), surface engineering, wet-chemical processes and thermal processing.

Inline Sputtering System

Wet Processing

Com e&s ee us

at Rene w ab Ener gy In le dia Expo 2015

Boot h No . 5.14 6 Call SINGULUS TECHNOLOGIES _ tel: +49-6188-4400 _ mail: sales@singulus.de_ www.singulus.de EQ September 2015 www.EQMagLive.com India: SOLAR TECH GROUP _ Gopal Kapoor _ tel: +91-2266-923-263 _ gopal.kapoor@solartechgroup.com

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Considerations For Selection Of EVA Encapsulants Nitin Nampalli, Advisor â&#x20AC;&#x201C; Research &amp; Development

H

- Sishir Goyal, VP-Technology &amp; Marketing, Brij | Crosslinked EVA Sheets However apart from just long term protection, encapsulants serve multiple other purposes also. They physically hold module components in place, provide electrical insulation, reduce moisture ingress, optically couple superstrate materials (e.g., glass) to PV cells, protect components from mechanical stress and protect materials from corrosion.

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Since decades, photovoltaic modules have been encapsulated with crosslinked Ethylene Vinyl Acetate (EVA) sheets as they still provide the most optimal solution for packaging solar cells with the required degree of environmental protection.

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Figure 1: Why Brij Encapsulants are better for your solar modules To achieve this, encapsulants must adhere well to all surfaces, remain compliant, and transmit light after exposure to temperature, humidity, and UV radiation histories. All these and many others are discussed below in detail:

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1

2

Optical Coupling: Front side EVA forms the mid layer between Glass and solar cells. Thus every lumen of incident light passes this layer before reaching the solar cells. EVA thus requires optimal refractive index in order to direct maximum light from the glass into the solar cells.

Also since any light absorption would lead to reduced cell efficiencies and hence module performance, an encapsulant should also maximise light transmission to ensure better module efficiency.

3

Mechanical Strength: Encapsulants apart from providing electrical and optical benefits, also give cushioning effect to the solar cells. This prevents them from breaking & deforming during lamination (discussed in Brij whitepaper on ‘Lamination: Key to module durability’), transportation, installation and also in the field while undergoing daily natural expansion and contraction cycles.

Tensile strength along with hardness of EVA, play an important role in determining the suitability of EVA to such conditions.

5

Electrical Isolation: Solar modules require good electrical isolation between the cell and other components to avoid leakage currents which can cause a variety of defects such as Potential Induced Degradation (PID), snail trails, corrosion of interconnects etc. (discussed in Brij whitepaper on ‘Field issues in crystalline solar PV modules’). Encapsulants with high electrical resistivity, dielectric strength as well as lower water absorption rate keep leakage currents to a minimum and prove advantageous for long life of modules.

4

Thermal Conduction: PV modules can reach high operating temperatures (80°C-100°C) during operation. Without sufficient heat dissipation, the encapsulated solar cell can run at temperatures that are significantly higher than the ambient temperature reducing its performance and efficiency. By ensuring high thermal conduction, a quality encapsulant not only ensures low temperature operation of modules but also gives better efficiency and long-term performance.

Physical Insulation & Protection:

A solar module comprises of electrically connected series of solar cells, all working in tandem to produce the desired output. By lowering movement of cells during processing and strongly adhering to cells and other components in field, EVA ensures both physical and electrical isolation between adjoining cells and busbars, preventing short circuits, localised heating and hot spots.

It is important to note that in the process of performing the functions as discussed above, it is important for EVA enacapsulants to remain unaffected and keep away from self degradation, which can be seen in the form of yellowing or delaminations. Using low quality encapsulants can not only reduce the performance of a module, but can also increase the risk of module failure in the field and even present a safety risk.

Encapsulant property

Functional Purpose

Impact on Module

Measured By*

Optical coupling

To ensure better absorption of Increases efficiency and out- Optical transmission and reincident solar radiation. put fractive index

Electrical Isolation

To provide resistance to leak- Reduces Hot spots, PID and Volume resistivity and dielecage currents snail trails tric strength

Mechanical strength

To help provide better support Minimises Cell breakage, Tensile strength, elongation & fixation of solar cells and al- micro cracks and deforma- at break, hardness, shrinkage lied components tions

Thermal conduction

To ensure better heat dissipa- Increases module efficiency Specific heat and thermal tion and thermal integrity in & output, lower device deg- conductivity hot environments radation

Physical isolation & protection

To insulate solar cells from Reduces short circuits, mod- Crosslinking degree, thermal cells and strings and ensure ule yellowing, field delami- shrinkage, adhesion, expolong-term integrity of module nations & hot spots effects sure to UV and ageing tests in harsh environmental conditions.

In the current Indian price sensitive scenario, it is important for manufacturers to carefully choose a bill of material (BOM) that not only meets the required expectations but also is price competitive. With constant R&D, product improvements and industry experience, Brij offers quality encapsulation solutions that reduce failure rates, increasing productivity and lowering overall investments.

‘Switch today and experience the Brij Advantage’ 56

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L pr ig ot ht IS a e c in /IE s t g C pe ion 62 r 30 5

DEHN PROVIDES PROTECTION COMBINED WITH SAFETY

Surge Protection, Lightning Protection & Earthing

Solutions

DEHN INDIA Pvt. Ltd.: Plot No. 213, Sector - 7, IMT Manesar, Gurgaon-122050 (Haryana), India Tel : +91 124 4007680 l Fax : +91 124 4007684 l Email: info@dehn.in For more information about our products and services in India, please visit: www.dehn.in 100% subsidiary of DEHN + SOHNE, Germany

Renewable Energy India Expo- 23-25 September, 2015 PLEASE VISIT OUR BOOTH (3.146) TO MEET OUR REPRESENTATIVES

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BALANCE OF SYSTEM

Senior General Manager/Marketing Apar Industries LTD. ( Unit: Uniflex Cables)

Interview with Vishvesh Bhatia EQ : Do you see for your company potential in solar sector market?

VB : Renewable Energy has a lot of potential in India as we receive 330 days sunlight. Solar Power generation opens up a big business opportunities with Govt plan to commission 100 Giga watts (GW) of energy in 5-7 years.

We have entire range of cables required in this sector and almost 25% of our sales is planned from this sector. So you can well imagine the attention it is receiving from us. Our products have been appreciated by the Industry and we are now a leading suppliers to majority of the projects. We have already increased our production capacity for DC cables from 1000 Kms to 5000 Kms and we have target to produce atleast 10000 kms of DC cables duly Electron Beam Irradiated to Solar Projects. Today, everybody is interested to have good quality of material and at competitive prices. We have Solar Cables which are different than our competitors like Electron Beam processed.

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1

Tell us about the Product you supply to the Solar Industry.

VB : Apar (Unit: Uniflex cables) has positioned itself as a major player in the Renewable energy sector by developing application based cables.

We have developed specialty compounds supported by Electron Beam Irradiation technology to offer cable long life and to meet harsh environmental conditions that the cables are subjected to in the application. We supply DC Cables with TuV certification requirements to Solar Industry with flexible electro-tinned copper conductor, XLPO insulated and XLPO sheathed with Electron Beam Irradiation cross-linking. We have also developed Rodent proof Solar DC cables. We are also in a position to supply cables with EN specification or any other international specification.

We also supply Armoured/Unarmoured LT Power Cables with Copper/Aluminium Conductor , Electron Beam irradiated XLPE (continuous operating temperature 120 Deg. C) insulation. We also supply Medium Voltage cables up to 33 KV for Grid connectivity.

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BALANCE OF SYSTEM

2

How do you differentiate your products from the other available products in the market?

VB : There is no comparison to our product in the competition. We manufacture material with E Beam Irradiation system and quality of our product is much superior to the competition.

We may like to share with you that we have the state of Art Electron Beam Accelators (1.5 MeV and 3Mev) in Western India at Khatalwada located about 20 kms away from VAPI Dist., Gujrat. We have complete handling system for irradiation of various types of Electrical and Automotive cables & Wires. E Beam Irradiated cables offers superior performance in demanding application and in extreme environment conditions. We offer cables with improved properties like Electrical, Mechanical, Tensile Strength, Abrasion Resistance, Thermal Resistance, Stress Cracking Resistance, Flame Propogation Resistance, etc. Therefore, our Cables with E Beam Irradiation are different than other manufacturers. We do E Beam Irradiation on the room temperature whereas our competitors are doing the curing for Solar Cables on high temperature which detoriate properties of the insulation/sheathing material.

It is not out of place to add here that 90% of Solar Cables being used in the world over are Electron Beam Irradiated. We are in collaboration with some of the RE developers have offered some solutions so that cost of the project goes down since this is the requirement of the industry.

3

How do you ensure the quality of the products you offer for the solar industry?

VB : It is for your information that APAR is a company which believes in quality of our products. We are presently in the market for Oils, ACSR/AAAC Conductor and cables and we are known for our quality and enjoying premium in the market. We are a company who is serious about the quality of our cables. We have complete Quality Assurance System right from the procurement of raw materials till finished cables are dispatched duly inspected.

First of all we select raw material suppliers, Testing of Incoming Raw Materials, In process checking and Finished Cables Inspection. We check raw materials and thereafter final cables before despatch.

We also send our cables to Third Party laboratory to validate that the cables being manufactured by us would meet the requirement of our clients in the Solar Industry. We are the 5th largest producer of oil in the world and this is because of the Quality of Oil we produce

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Q.

What are the challenges you have to face while manufacturing wires for solar industry?

VB : There are certain companies offering conventional cables for Solar Plants but now most of the developers have understood advantages of E Beam Irradiated Cables over the conventional cables as such we don’t find much difficulties in convincing the customers in fact customers are now asking for E Beam Irradiated Cables and Wires for their Solar Projects. Most of our customers like Railways, DRDO, NPCIL knows the advantages of E Beam Irradiated Cables as such we don’t find much resistance with the customer when asking for E Beam Irradiated Cables. Sometimes, we have to take up with clients making demonstration of our product over the conventional cables than they are able to understand the difference between the E Beam Irradiated and conventional cables. Since Solar Power Project requires cables to meet life of 25 years as such customer does not take much chance for using cables other than E Beam.

4

Your future plans which you would like to share with our readers.

VB : First of all we would inform you that we have already doubled our capacity to manufacture DC cables and our plans are to increase the capacity to 10,000 kms per month. APAR INDUSTRIES have a plan to go in for one more E Beam Accelerators because acceptability of E Beam Irradiated cables are very high because of its advantages over the conventional Chemical cured cables.

These E Beam Accelerators are working all over the world whereas in India people were not aware of this technology much. Once Railways, NPCIL, RDSO had adopted this technology for cables to used in Railways and we find that there would be a good scope for installations of E Beam Irradiation facility. We have already completed expansion of Elastomeric cable project but our efforts are on to make take care of all specialized requirements in the sector of Elastomeric Cables.

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Effective Plant Monitoring Promotes Efficient PV

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- Gantner Instruments Environment Solutions GmbH

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The PV market is growing, with an expected 58.3 GW to be installed in 2015. However, the installed assets and investments require constant, solid and traceable PV plant data monitoring in order to determine actual performance and fulfil owner/in- vestor expectations. Juergen Sutterlueti of Gantner Instruments Environment Solutions GmbH, takes us through the issues.

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P

Photovoltaic (PV) project investments require continuous, accurate and trace- able plant monitoring data in order to determine the actual versus design per- formance and to fulfil owner/investor expectations.

Operators are interested in identifying errors and losses in a reliable way to trigger appropriate actions for maximizing energy harvest during the total system lifetime.

That’s why investors are seeking products and solutions to: • • • • • • •

Reduce the risk for owner/investors and operators Provide comprehensive financial KPIs for investors Have one unified platform for effective and automated PV plant management Deliver vendor-independent PV Plant monitoring Provide interfaces for energy prediction (day ahead) and energy trading Comply with upcoming international standards like IEC 61724 Ed.2: ”Photovoltaic System Performance Monitoring Guidelines for Measurement, Data Exchange and Analysis“ Ensure optimised PV production, which leads to increased asset value

These functions and services are expected from monitoring solutions and the price of the service will be defined based on the added value. Monitoring solutions have to be able to collect a huge amount of data (up to 5,000 channels per 10MWp) and generate reliable and repeatable information for the user.

It cannot be left to the asset owner to do their own interpretation of the data, and this is why we have seen an increased demand for a) simplification of what is relevant in terms of $ (money) and kWh (energy) and b) its potential short, midterm impact, as well as c) preventive maintenance

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BALANCE OF SYSTEM With regards to the above, the following is mandatory for the industry itself and also the clear strategy from Gantner Instruments. So our product development is focused on: • • • •

Risk reduction for Investors & Independent Power Producers (IPPs) Providing investors with reliable information about O&M, track record, plant performance, and control Reduced LCoE based on advanced monitoring designs (characteristic trends, Loss Factors) Support grid integration concepts (smart grids, reactive power, etc.)

String Level Considerations With the monitoring of PV module strings, design and production errors will be recognised at high resolution down to module level. Using DC shunts (vs. Hall Effect sensors) the string.bloxx provides current measurements that are typically 10 times more accurate and not susceptible to temperature variance. This equates to higher accuracy measurements and a better understan- ding of true system performance.

In addition, string voltage (up to 1500V) and DC power on every string can be continuously monitored ensuring maximum system productivity.

To comply with local content requirements and still have 100% tested and calibrated string measurements, the string.bloxx ‘All-In-One’ solutions are available.

These solutions offer a cost reduction of up to 30% when compared to standard concepts; a format factor reduced by 35% with up to 312kWp DC power per Unit; and furthermore, the significant reduction of interfaces leads to reduced risk and faster plant installation time which is also key for local contend requirements.

Data Level The “Q.reader” is a data logger which can make the logging and control of all required PV plant information: string level (current, voltage), inverter, grid measurements and weather stations. At the same time, it also acts as the power controller for the grid operator.

Gantner Instruments designed the data logger ‘Q.reader’ for this specific purpose, so there will be one single point in the whole plant for data logging and control requirements like require- ments like reactive power, limitations, ramps, etc. at no extra cost.

The intelligent data loggers record all measurement parameters from string level. Furthermore, meteorological data, inverter data and other state variables (switch gear, transformer status) are collected as well, based on the modular concept. Protocols from all leading inverter manufacturers are implemented.

Signal conditioning, data storage and transfer, compressing, and communication in many ways are the strengths of this flexible data solution.

Data transfer is possible by cable (Ethernet/ LAN) or wireless (GPRS/3G or 4G, WiFi) the loggers meet all standard security requirements (SSL) with lowest power consumption.

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The Linux based platform can control 100MW plants with just one controller and fulfils all international requirements as the IEC 60870 (communication protocol for supervisory control and data acquisition) for reactive power, ramp rates, etc. or Germany’s BDEW (‘Erzeugungsanlagen im Mittelspannungsnetz’). Data collection can be down to one second or more, which is often required by utilities to zoom for grid impacts tests.

The data acquisition system grows with the requirements and distributed Q.series measurement modules can be integrated at any time. For faster data acquisition, we offer separate systems which can be installed based on customer requirements.

Above all, data communication has to be reliable and based on robust, industrial networks and protocols, which other components can also interact with.

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BALANCE OF SYSTEM

SCADA Level / Webportal The SCADA level/webportal offers the following functions: • Reflect Financial KPIs (performance guarantees, allowed maintenance, integrated simulations) • Automated performance analysis and characterisation (weather types, sensitivity to irradiation, temperature and long term trends) • Implement preventive maintenance strategies • Supports O&M strategy; providing data for validation and improvements (for example: soiling alerts), and integration into the energy providers’ concept.

Independent monitoring also helps plant owners to be more efficient in O&M activities in combination with preventive maintenance. It also eliminates the need for many different resources (including experts) for different locations, while ensuring that monitoring is unbiased and independent. When it comes to data analysis, data consistency is key. So it is recommended to execute the following: • Perform real-time sanity checks for physical meaningful values • Make uptime tracking / availability audits • Provide overall sensor reviews for measurement validity • Monitor irradiation sensor drift Furthermore, all incoming data should be tested for measurement-, data con- sistency or data transfer issues. Sensors should also have regular calibration intervals.

Also, all executed O&M activities should be considered when doing data interpretation; an integrated O&M log is one of the most efficient ways of doing this.

The Webportal has to provide the following functions: • • • • •

Real-time analysis platform with direct changes in the live system Database cluster with highest availability (fail over) Data storage: automated, decentralised backup Hosted according to EU regulations including state-of-the-art data security Accessible from mobile devices with HTML5, W3C and interactive communication For data comparison you have to be able to make data normalisation, compare data based on similar weather types and separate the losses (irradiation, temperature, soiling/ dust, angle of incidence, etc.) based on the available input data.The parameters are analysed vs their behaviour over time, temperature, irradiation and season. All this calculations have to be executed in a fast and reproducible way. Then you can check performance over the long term and start to extrapolate to Standard Test Conditions (STC, at 1000W/m2, AM1.5 spectrum, 25°C). It is worth to note that STC is a lab value and hardly never seen in tv he field but still part of the contracts. When you have a solid data base, you can use this data for prediction and fits and include external data sources for day ahead forecasting, which is a typical requirement for large scale PV power plants. Also, the performance guarantees target versus actual performance can be reflected and the responsible losses can be identified.

You just have one control centre worldwide or maybe just two or three hubs where you have experts who know what’s going on. This is state-of-the-art in other energy sectors, whereas PV

will be added to an existing dispatching centre where Gantner Instruments has already deployed its other product lines and knows the industrial requirements for over two decades.

How To Execute Effective O&M Activities These have to be adapted to the project boundary conditions and should be based on the financial compensation, local climate and availability of resources to clean (water, labour, frequency of rain, weather changes and weather forecast).

The new IEC (as mentioned before) reflects the need for standardised monitoring for effective O&M with definitions 62

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on data quality, data consistency, regular calibration and basic reporting parameters for investors. This allows us to establish also ‘certified O&M activities’ where Gantner Instruments is working together with international partners.

So a ticket system with O&M logging is helpful as well. This also includes document handling, tractability, sensor

calibration, and cleaning. And overall, a platform is required to harmonise the incoming data and information from all components in the PV plant. With advanced platforms and algorithms as they are incorporated in the gantner. webportal, the ultimate target of preventive maintenance for lowest Levelized cost of Electricity (LCoE) is possible.

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INTERVIEW

Director TechnicalSolar Inverters Delta Power Solutions (I) Pvt. Ltd.

Interview with Shashidhara BV

EQ : How many MW’s of Solar Inverters have been supplied by your co in India and how does the future look like.

SBV : We are happy to share that Delta recently reached another milestone by supplying more than 100 MW of string inverters in India. Delta’s Solar Inverter installation base includes Railway Stations, Metro Stations (Delhi Metro), Educational Institutions, Hospitals, Airports (Mumbai, Cochin, Lucknow), Large Scale Solar Farms, Government Buildings, and Industries. Delta continues to play an active role in strengthening the solar infrastructure in India. We are optimistic that Delta will see expanded business growth in near future.

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Q.

Please enlighten our readers on the unique technology aspect of these inverters installed in India and its performance.

SBV : Delta recently introduced the new RPIM50A string inverter which is a 50kw grid tied string inverter. The inverter features a unique design which incorporates DC fuse for individual strings and Surge Protection Device (SPD) for each Maximum Power Point Tracker (MPPT) as well as the AC grid connection all housed within the inverter. The inverter is also rated for outdoor (IP65) installations, which means the inverter can be accommodated below the solar panel both in ground mount and rooftop applications. This helps plant designers and EPC companies offset the cost of the DC junction box thereby bringing down project costs. The inverter was introduced at the Renewable Energy India Expo – 2014 and has received a good response from consultants and customers alike. This is also reflects on the market trend towards decentralized plant topology in utility (MW) scale plants.

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Q.

Please enlighten our readers on the debate of “Central vs. String Inverters Design” Which concept is best suited for India and why

SBV : The Central vs String inverter debate has always been an interesting one for us, as we supply both central and string inverters. There are many factors favoring both the string and central inverter topologies. Central inverters have been the technology of choice with increasing plant size mainly because of the price advantage. Although this has been the trend till date, there is a gradual shift towards the decentralized topology.

One has to consider all the parameters like MPPT voltage range, start up voltage, ease of installation, reduced downtime, and reduced DC cable losses. There is no rule of thumb but one has to carefully weigh in all the factors and also consider availability of skilled manpower, site conditions, uptime guarantee when choosing the right inverter technology for any PV plant.

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What are the other products and solutions for Solar pv plant provided by your co and what are its technological features.

SBV : Delta also provides remote monitoring solutions and weather sensors for a PV plant. The DelREMO – Delta Remote Monitoring Solution was launched earlier this year keeping in mind customers’ requirements and challenges at most installations. The DelREMO acts as the interface between your RPI Solar Inverter and the DelREMO Web Portal. The DelREMO can connect up to a maximum of 30 Delta RPI Inverters and has provision for GSM sim card integration, which is a major advantage in semi-urban installations where the availability of LAN networks is a major challenge. One can also integrate weather sensors such as irradiance and module temperature sensor, ambient temperature sensor and wind speed sensors to the device. Delta can provide complete monitoring solution for a PV plant, including SCADA and reverse power flow controllers.

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INTERVIEW

Q.

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.

SBV : We invest 5% to 6% of our annual sales revenues in R&D and have worldwide R&D facilities in Taiwan, China, Europe, India, Japan, Singapore, Thailand, and the U.S. We are working on a 1MW central inverter for the Indian market which will very soon be launched.

Q.

Q.

Please tell us in detail about your company (Company structure, Sales, Employees, Products & Solutions etc…)

SBV : Delta was founded in 1971 and has been the global leader in switching power supply solutions since 2002 and DC brushless fans since 2006. Delta has a presence of more than a decade in India. Delta India has become the country’s largest local telecommunications power systems provider. Delta offers a wide range of products and solutions such as Industrial Automation, Building Automation, Datacenter Solutions, Telecom Power, Renewable Energy, Display and Monitoring Solutions and EV Charging Solutions. Delta Group has 153 sales offices, 38 plant sites, and 60 R&D centers, with over 7000 R&D engineers throughout the world.

What are the resources in terms of manpower for sales, O&M and other aspects developed and present in the Indian market.

SBV : We operate from our office in Bangalore which is the operations center for the Solar Inverter business vertical, we also have a sales office in Gurgaon. The applications engineering team is well versed with all aspects of PV plant design and was involved in end to end project execution worldwide as part of the DelSolar EPC company.

Our role is not limited to that of a product supplier alone, we are proactively involved with EPC companies in the design phase of projects, and provide our inputs which help optimize the PV plant design and offer the right solution to our customers. We are rapidly expanding our team to keep pace with industry growth and provide timely support our customers.

Our service engineers and warehouses are available in various cities across India enabling us to provide timely support to our customers. We also have a repair center in Bangalore which handles inverter servicing. With a strong and focused team we are able to continuously satisfy our customer’s application and service requirements.

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SOLAR ROOFTOP & OFF GRID

Chief Executive Officer Solar PV Power C & S Electric

Interview with Rohit Dhar

Q. EQ : What are the challenges in executing RoofTops Solar Projects ?

RD : In India RoofTops are available in different types and sizes and often have many shadow causing objects located at the RoofTops. RoofTops solar power plants therefore require customized engineering taking into account shadow profile as also other structural aspects into account.

Moreover, interconnection with the grid requires the permission of DISCOM and all the protections have to be in place.

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What are the other Aspects of RoofTops Solar Market ?

RD : There are two models prevailing in the market for undertaking RoofTops solar PV power projects. One model is the CAPEX model, wherein the customer spends money upfront, and orders out the solar RoofTops to an EPC player for turnkey Design, supply, installation and commissioning.

The other model is RESCO model wherein the customer leases out the RoofTops to a developer who in-turn makes the investment and constructs the RoofTops Solar PV power projects and sells the Solar PV Power to the customer under a long duration Power Purchase Agreement.

In U.S.A the RESCO model is a dominant model for the RoofTops solar. In India too RESCO model for RoofTop solar has gained in popularity. However, owing to issues related to enforceability of contracts in India, RESCO Modelâ&#x20AC;&#x2122;s wide spread acceptance for private customers remains questionable.

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USA

Joined Forces to Bring Best Rooftop Ballast Mounting Solutions in India s at Visit u o p REI Ex p. 2015

- 25 Se 3 2 e t Da 9 o. 5.2 N l l a t S

Ganges Internationale Pvt. Ltd B - 36, Lawrence Road, Industrial Area, New Delhi - 110035, INDIA, Ph.: +91 11 47090225, 47090228, 47090229, 9311811923 EQ September 2015 www.EQMagLive.com email : info@gangesintl.com, Web Site: www.gangesintl.com

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Q.

What are the advantages of RoofTops of Solar Projects in India ?

RD : There are many advantages of installing RoofTops solar PV projects in India. Solar PV Power today is cheaper than the commercial and industrial tariff of grid power in most parts of the India. In addition, it is beneficial to DISCOM also as it facilitates and aids in the management of the peak demand during day time.

RoofTops which are idling get converted into clean energy generating assets thereby mitigating the carbon emissions.

Q.

What is the market size of RoofTop Solar in India and what are its segments ?

RD : Govt. of India has embarked on a wise and ambitious path promoting RoofTops in India by setting a target of 40 GW . This coupled with the fall in PV module prices provides the growth stimulus for the solar RoofTops in India. As of now market segments such as commercial RoofTops and industrial RoofTops are the target segments where high growth is likely to be witnessed. In case of residential RoofTops segments for urban areas, the capacity of individual system is much smaller, the price points higher due to which the advantage of solar in this segment is still debatable.

Q.

What are Hybrid solar RoofTops Installations?

RD : Solar Hybrid installation is the ones where solar Roof Tops PV power synchronizes with an additional power source other than the grid.

For example, Roof Top Solar plant feeding into the grid in tandem with the wind generator is a hybrid solar installation. Another example, more common in our country is that of solar PV Roof Top power installation tied to the Grid while having DG set as a stand- by power source. In the event of grid not being available, solar PV power synchronizes with the DG power source and feeds the loads. In such cases of Solar DG Hybrid, the payback period is much shorter as savings are much higher.

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Q.

What is Net Meteringâ&#x20AC;ŚWhat is the status of Net Metering Laws & Regulations in different states ?

RD : Net metering has already been notified in 21 states in India by different State Regulators. It is a great enabler for RoofTops Solar PV power as it provides the customer with the facility of offsetting the solar PV power exported to the grid during its non-working hours from the total power imported by it during its working hours. In many states the net exported surplus power is liable to be paid for by the DISCOM at the average prevailing power tariff.

Q.

Is there any RoofTops where Solar is not Suitable?

RD : Yes, there are certain Roof Tops where solar is not suitable. Roof Tops where there is shadow during day time are not suitable for installation of solar PV panels. Also structurally weak Roof Tops may not be compatible with solar PV power installation due to inadequate load bearing capacity of the roof.

Q.

What are the Various Geographies/ Applications where Solar PV Roof Tops are Suitable in India ?

RD : India is blessed with 40% more irradiation than a country like Germany making Solar PV an attractive option. Though solar PV power can be generated anywhere in India, the generation is definitely higher in certain geographies, such as Rajasthan , Gujarat, Madhya Pradesh, Andhra Pradesh and Tamil Nadu. This is due to the variation in the level of irradiation across different regions of the country. In urban India, the most viable solution is grid-tied Roof Top solar PV power for industrial Roof Tops as well as commercial Roof Tops for captive power consumption with partial export to the grid. Solar PV Carport is also an interesting solution for urban India. Industrial Rooftops, Commercial Roof Tops , Warehouse Roof Tops, School and College Roof Tops, Govt building Roof Tops, Large Residence Rooftops and Farmhouses are all examples where Solar PV Roof Tops are happening.

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SOLAR ROOFTOP & OFF GRID

Q.

What are the hurdles in development of this market and the road map visible along with challenges etc ?

RD : Victor Hugo once said “No one can stop an idea whose time has come”. We believe the same applies to Roof Top solar PV power in India. The market forces as well as our climate change obligations are converging towards promoting Roof Tops Solar PV power in India.

We need following steps to be taken to accelerate the development of Roof Tops Solar PV power:• •

Govt of India should abolish subsidy for all solar PV Power projects except those for Govt. Buildings and village Panchayats; Single window clearance in a time bound manner through DISCOM should be available to customer opting for Roof Tops PV power solar projects. The practice of seeking CEIG approval in addition to DISCOM approval for interconnection of solar PV power projects at 415V should be eliminated. Only DISCOM approval should be required and this should be available within 15 days of a customer approaching DISCOM.

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Q.

Enlighten with the projects you have completed, in hand and its relevant details?

RD : C&S Electric Solar PV Power SBU has a consistent and proven record of successfully completing complex solar PV power projects ahead of time and to world class standards. Today we have 60 Solar PV Power plants in different capacities and different locations all remotely monitored by us. The turnkey EPC of solar PV power projects comprising of design, supply, installation, testing commissioning and O&M is undertaken by us achieving high energy yields. We have solarized Roof Tops of Research Institutes, Medial colleges, Colleges, Schools, Govt.

Buildings, Police HQs, Bus Depots, Corporate Offices, Warehouses, IT Companies, Hospitals, Private Residences, Farm Houses and Defence establishments. Moreover our utility scale solar PV power plant in District Bhiwani, Haryana currently in its fifth year of successful operation continues to feed into the tail end of the grid at Nandha Village Sub-station aiding the cause of rural electrification.

Also, we have constructed one of the largest Solar PV Carports in the country which can park 72 luxury cars and generate clean carbon free Solar PV Power from the panels at the top.

Our rooftop Solar PV Power installations are growing with each passing day..

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Solar Rooftop projects

T

CHALLENGES & OPPORTUNITIES In India, policy incentives have been the primary drivers of the large-scale grid connected to the solar projects, which have also been the main focus of the solar capacity addition in the country.

However, as the parity based projects gain momentum, the India solar market is changing fast and solar rooftops are increasingly being seen as the future of this market.

Recently, the government gave state wise targets for the installation of grid-connected solar rooftop systems as a part of its plan to achieve 40 GW of rooftop solar power by 2022.

States with the highest targets include: Maharashtra (4.7GW), Uttar Pradesh (4.3GW), Tamil Nadu (3.5GW), Gujarat (3.2GW), Karnataka (2.3GW), Rajasthan (2.3GW), Madhya Pradesh (2.2GW), West Bengal (2.1GW).

Additionally, there are a few elements which can be utilised to foster India’s rooftop solar growth and can be viewed as opportunities in the sector. The foremost is the commercial offices and industries typically using diesel generators as a back-up to the grid-connected power. The blended cost of power for such entities comes to around Rs.9- Rs.10 per unit. Another great opportunity presented by the Ministry of Power is creating an ‘Integrated Power Development Scheme’ (IPDS), with a provision for promoting rooftop solar with net metering on government buildings. The considerable rise in tariff for commercial and industry consumers has increased the return on investment(ROI) from solar rooftop installation. There are indicators that demonstrate a positive growth in solar rooftop projects.

•

• •

•

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he responsibility of the implementation of the rooftop solar programmes has been vested upon the State Nodal agencies, RECI (Renewable Energy Corporation of India) and the State power distribution companies.

The total opportunity will be 40 GW by 2022 out of which we can presume that almost a quarter (10 GW) would be on government rooftops. The target is quite ambitious but quite interesting & achievable provided proper planning & necessary policies are in place.

The rooftop programme coincides with the ‘Make in India’ vision and is expected to create a large number of opportunities in the solar industry. It will also attract system integrators for installation, sales and service.

Industrial power consumers, ministries & public departments are fast adopting and implementing solar roof top programs Net metering policies have already been announced in several states Solar cell & module prices have come down by more than 50% in the past three years, almost reaching grid parity for certain end consumers Using decentralised generation from solar PV, power can be generated and consumed in the vicinity; hence, various charges and losses can be eliminated.

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SOLAR ROOFTOP & OFF GRID

KEY CHALLENGES

In view of this, Shri Piyush Goyal, Hon’ble Minister of New & Renewable Energy commented “Commercial offices and industries are low-hanging fruits which can be targetted early as part of the country’s rooftop solar power mission”. Power tariffs in commercial offices, government buildings, schools and industries are much higher than individual tariffs as they pay at market rate.

Despite these opportunities, there are certain challenges that the sector is facing. The main challenge lies in arranging cheaper finance for the rooftop projects which would make the investments in them more attractive. This can come from interest rate subvention by the MNRE to the banks/NBFCs for financing solar projects. However, the solarisation capacity needs some stricter mandates in terms of percentage. The amount of allocation in the individual state budgets are still very less.

Additionally, in order to achieve the rooftop targets, the Renewable Purchase Obligation or RPO compliance has to be enforced properly. In a bid to promote the generation of clean energy, the Central Government has recently proposed to introduce Renewable Generation Obligation. Also, there are proposals to appropriately alter the tariff policy, besides introduction of stringent penalties for violations.

United Kingdom practices a system of renewables obligation wherein utilities are supposed to obtain a fixed quantum of renewable obligation certificates (ROCs) from clean energy

producers. Defaulting utilities are required to pay hefty fines depending on the shortfall in ROCs. MNRE needs to implement something like this in India to streamline the whole process.

Another challenge being faced in the industry is the financing of rooftop projects, which is the need of the hour.

The financial institutions might take interest in solar rooftop projects and invest in the project. If there is a system where returns are assured & protected from inflation, with a predictable ROI over 20-25 years, then it shall surely attract more funding.

Implementation of smart grids is another challenge the industry is tackling, which is still absent in the rooftop segment. This is deemed to minimise the losses. With the smart grid, smart meters and other mechanisms, a consumer can have a clear and timely picture of how much electricity is being used, when it is used and its cost. Combined with real-time pricing, this allows for savings. While the potential benefits of the smart grid are usually discussed in terms of economics and renewable energy goals, the smart grid has the potential to help the rooftop

solar consumer save money by helping to manage the usage of electricity.

The benefits associated with the smart grid thus include: more efficient T&D of electricity, reduced operations and management costs for utilities, ultimately lower power tariff for consumers, shaving peak demand, better integration between consumer & investor and improved energy security.

Last but not the least is the lack of standardisation of solar solutions and functional net metering policies for rooftop projects across states. This challenge can be overcome by framing a uniform net metering policy across all states.

India surely has immense potential for solar rooftop projects, which has not been exploited fully to date. The government’s plan to generate 100 GW solar power by 2020, out which 40 GW will be achieved through solar rooftop, is not only commendable but also an ambitious step towards bringing in the green energy revolution. If the country has to achieve these targets, it can only happen with robust government policy in place and a close dialogue and partnership between the government and the private sector.

Author:

Saugata Datta President-Business Development Vikram Solar Pvt. Ltd.

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Chief Operating Officer ‘COO’ At SOVA Power

Interview with

Krishnendu Mukherjee

EQ : What is your thought about the impact of implementation of NET METERING in the Indian Solar Indusrties?

KM : Net Metering is a very forward looking and progressive step in the direction of inclusive growth, where we can have wide sections of society benefiting from clean and green energy. Even for the Industry this is very good news as the industry as a whole stands to benefit with increase of demand and expansions of the market frontiers. This will provide the scope to many small businesses to grow and also promote the development of skill and new entrepreneurship amongst the service providers and resellers who stand to benefit the most from the opening up of the markets.

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Q.

MNRE has reduced the percentage of Capital Subsidy from 30% to 15% and also applicable for some specific institutes or agencies. How the market would be affected?

KM : SOVA as a company is principally against Subsidy regime, and we believe that the priority should be on investing in sustainable and tangible assets which will provide future opportunities and support the growth story of the nation. In this case what I believe is that reduction in capital subsidy was due, looking at the declining costs of the solar energy generation and its equipments. This step by the government strongly backs the effort to commercialize the solar energy and achieve grid parity in the medium term and we are confident that this will promote the use of solar energy more extensively where the grid parity has already been achieved. In the long term, solar will become one of the major alternative sources to conventional coal powered electricity.

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SOLAR ROOFTOP & OFF GRID

Q.

What are the aspects , in your opinion as a next generation promoter of a company Like Sova Power Ltd.,to be taken care of by the Government and Nodal agencies as well?

KM : In my view what the nodal agencies and government authorities should focus is on the aspect of quality. Today we have embarked on a journey to achieve 100 GW of solar energy capacity by 2022, and this is a huge investment both in terms of money and in terms of expectation of the people. The success of the Renewable Revolution will be pivotal in the way the future governments will look at solar and renewable as a whole. It is what this generation of ours will leave as our legacy for the future. We may be remembered as “The people who ushered in a new era of clean green sustainable environment friendly development” or we can be relegated to the dark abyss as those who wasted a lot of money time and energy to build junk and push the country and civilization back to the the era of indiscriminate natural exploitation. I hope and I sincerely believe that the government will take care of this issue and we shall be seeing a new dawn of better tomorrow.

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Q.

Quality of module plays the most important part in a Solar Power Plant. How is your company is protecting that quality part and working on it?

KM : We at SOVA are continuously working on our processes and quality assurance and testing parameters to ensure the best in class product quality for our customers. We are using world best quality of manufacturing and testing equipments. Our team is committed to providing the best quality products to our customers, and are working around the clock to ensure standardization and running checks and controls to maintain the quality which will satisfy our customers’ requirement. SOVA POWER is having IEC 61215, IEC 61730, IEC 61701 certification from agencies like TUV Rhineland which is one of the toughest testing laboratory in the world. We are listed in CEC California and CEC Australia. All these have been done to improve and maintain our quality standards and provide our customers with the best quality material.

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Q.

Is there any necessity of fixation of price band tagging with quality parameters?

KM : Since the market is very fragmented this price fixation mechanism needs to be worked out. We believe that “CUSTOMER is GOD” and SOVA has carved out a niche market segment for itself and we enjoy the support of our customers who have faith in the SOVA quality product and are happy. We are grateful for their continued patronage and we are striving to achieve even higher levels of excellence and support our partners and associates more in the future. In today’s market SOVA offers the best proposition in the price vs quality curve and we are being appreciated by our customers for this, world over.

Q.

What are the commercial threats which Indian module manufacturers are facing?

KM : The major commercial threats faced by the Indian module manufacturer are from the Chinese in terms of pricing, where they have a competitive advantage over us. But still the gap is manageable if we have a few supports from the government like infrastructure facilities and financial competitiveness as per global standards.

Q.

Q.

It is observed that there is a continuous fall or reduction in the Module Price.

What do you feel would it help the industry or it is threat in disguise?

KM : Solar energy costs have historically shown to go down and that was essential at that time. In the nascent stages of development usually all technologies were hugely overpriced. To draw a comparison, I believe, that for solar we are in the age of “Ford Model T”. We are just about to achieve grid parity and that too only at regional scale. In the next few years as the markets develop and as new horizons open up for this technology we will be achieving grid parity at a Global scale. As we approach global level grid parity the demand in the markets will increase and so this continuous downward cycle will be reversed. As of now this looks to be beneficial to the industry as a whole as this will help us achieve our goal of maximum efficiency, and help us reach the wider swathes of the society and benefit everyone.

We at SOVA POWER are committed to maintain quality and at the same time bring to our customers the benefits of clean energies at affordable costs. We have put in place rigorous process audits and quality assurance measures. We have put in processes to standardize the product quality to give seamless product experience to all our customers. We believe that maintaining quality should be the primary concern, and under no circumstance should quality be compromised for the sake of price. This would be the biggest threat to the industry as a whole.

Despite the national or international, threats your company is expanding the production capacity, what is the vision behind it?

KM : As I have already stated that we are achieving grid parity on a regional scale and we are at the verge of achieving global grid parity. Moreover India is looking at a figure of 100 GW of Solar so I believe that there is enough for everyone and still something will be left over. As I have said previously, the Solar Industry is in its nascent stage and this has a huge potential in the coming century and beyond. Solar is going to be one of the primary sources of energy in the coming years. Sun is the one and only primary source of energy and we at SOVA are committed to bring this huge quantity of energy to the benefit of the country society and the humankind as a whole.

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Q.

Your over view on the Indian Solar business, specifically standing on the plat form of a Solar Module Manufacturing Company .

KM : India has a huge potential for solar business. We are a country of 1.2 billion people and counting and half the population of ours is below the age of 25 years and 65% below 35 years of age. By 2020 the average age of the population will be just 29years !! Just imagine the untapped potential that is in our country!! India being a young country has huge expectations and this will in turn be expressed by the aspirations of the people to get a better life and better tomorrow, a thought that is resonating with our Vision & Mission. So in the coming years there will be huge growth to be witnessed in India and that will in turn increase the energy consumption many fold. And as already discussed with commercialization of solar it will become one of the major sources of energy and I believe a young dynamic and progressive India will prefer clean energy over the conventional energy sources.

Q.

Q.

Any planning for business diversification in the field of Renewable energy?

KM : We are committed to the cause of bringing clean green sustainable and most importantly affordable energy to the masses. We have therefore undertaken expansion and modernization program of our production facility. We are also providing end to end solutions for our customers in setting up power plants and for that we have brought in the best qualified and highly experienced team of experts and skilled engineers in both the production and project implementation verticals. We have undertaken to expand our capacity up to 1 GW by the next 2 years. We are also scaling up our ability to execute Ultra Mega scale power plants so that we can offer the best quality services and products to our customers, and make the Renewable Revolution a success.

Do you feel Government needs to give some protection to the module manufacturers? If yes , then what are those?

KM : What I feel regarding your question is that Government should focus on quality, and it is the government who is in the best position to educate the population about the the quality aspects of the products. Awareness amongst the consumers have risen significantly with the proliferation of solar, and I believe this awareness of the consumer is very essential for the long term sustainability and development of the industry as a whole.

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TESTING & CERTIFICATION

TESTING ONE, TWO, THREE - DNV GL - Energy

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Quality control Module quality is a priority for PV investors and the industry as a whole.

DNV GL’s Jenya Meydbray sets out how its Product Qualif i cation Program is attracting downstream partners.

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In the 1980s, expectations of module quality were much lower. The warranties and service life expectations clearly reflected this fact as five year warranty for cells and modules were considered standard. However today warranties for cells and modules often stretch for a quarter of a century reflecting the evolution of the PV industry.

It did not take long for DNV GL to plug the gap in the market for a standardized third-party testing scheme.

The Product Qualification Program (PQP) has been entered into more than 120 downstream partners since it was launched two years ago.

These downstream partners include Borrego Solar, CIT, Hancock, SunCity, SunEdison and Sunrun. But while the industry as a whole may have changed, there are still those whose products may not meet these expectations.

The number of module and inverter manufacturers stands well in excess of a hundred. Multiplying this by the numerous factories across numerous locations around the world, it becomes clear how different practices of product design, manufacturing, and quality control can easily occur.

In addition to that, the recent dive in module prices reflects the increase in competition to make modules faster, cheaper and in larger quantities.

The lack of standardization for success, or even a definition for what counts as a failure, has the potential to hurt the industry. Typical projections to support project finance assume an annual system degradation rate of 0.7% with zero catastrophic failure events. But while this is attainable, it is not something that should be accepted in its entirety. Research from NREL showed that a small percentage of systems exhibit annual degradation rates of 1.5% or more.

This is where the PQP’s goal in-

tersects with the industry’s needs.

Understanding the aging behaviour of modules available on the open market is often the key to mitigating the technology risk buyers face when purchasing modules. Having access to reliable and comprehensive data allows an investor or developer to make a more intelligent and well informed decision about their suppliers. Of course, a two decade long test is unrealistic when evaluating suppliers. But DNV GL’s experienced PV module and inverter testing lab is able to identify defective and underperforming equipment in a time frame that is consistent with tight project development schedules.

The PQP tests modules and inverters to a much higher level than that which is called for by the IEC. It can be used to manage an approved vendor list of products that demonstrate that they can meet very specific long-term performance requirements.

There are strict and separate outlines for the testing of modules and inverters. The former goes through a process that includes reliability and performance (PAN files, IAM coefficients, LID, NOCT) per Bill of Materials (BOM).

Inverters go through a similarly robust process, beginning with reliability testing, and followed by envelope characterization; transient response; low light performance; efficiency in multiple conditions; and arc or ground fault testing. Testing programs have been developed for micro, string, and utility-scale inverters. Once a product and BOM have been qualified, DNV GL tests for consistency in manufacturing through random sampling

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Total Sites of Installation > 1700 No.1 Off Grid\Roof top solar PV power solution provider of the year 2012 - 14 * Winner of Largest Roof top installation company for the year 2012 -14 * No.2 SPCU Manufacturer of the year 2012 - 2014 * No.2 Hybrid\Grid Sharing\Grid Tie Solar PV Power Solution provider of the year 2014* IMS accredited company (ISO 9001, ISO 14001 and ISO 18000) A Team of Expert Engineers with more than 30 years of experience in Power Electronics and Power Systems

PROJECTS & SERVICES Industrial Rooftop

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TESTING & CERTIFICATION

Figure: Thermal cycling degradation testing can reveal very different degradation rates (Internal DNV GL data) and testing. Confidence in the quality of a batch of modules and inverters is adjusted by increasing or reducing the size of the sample.

DNV GL believes that random sampling is required to achieve an unbiased and accurate picture of batch quality.

For the last half century, producers and customers have negotiated acceptable quality level (AQL) sampling plans. Developed originally by the U.S. military,

these plans provide a guide for the number of units to randomly test and a confidence level that the total population will have minimal exposure to serial defects. If a defect is found through batch testing, the entire batch of incoming panels can be rejected, further testing can be required, or enhanced O&M strategies can be implemented to address the exposure to risk that is discovered.

The testing at project level aims to reduce exposure to serial defects within products. DNV GL recently looked at the data on several hundred PV modules from varying manufacturers that had been tested at DNV GLâ&#x20AC;&#x2122;s PV laboratory. In testing, DNV GL found that 6% of the modules failed to meet the IEC thermal cycling requirements and would be considered defective.

Quality management of PV equipment supply can be accomplished in two stages: first qualification testing to manage an Approved Vendor List followed by batch testing to verify quality on a project level. The first of these two stages is the PQP, which includes extensive evaluation of modules or inverters and is used to benchmark manufacturers. Increasingly, the solar industry is developing robust requirements to qualify and verify system component performance and reliability. Equipment underperformance can take a very significant amount of time to identify in the field and can potentially decimate financial returns.

The second step, batch testing, is to ensure minimal exposure to defects caused by manufacturing issues. If performed well this process can catch product issues before they impact the plantâ&#x20AC;&#x2122;s technical and financial performance.

Quality deviations are inevitable in every industry. However, not acknowledging that there is indeed a technology risk in procuring and installing PV modules and inverters, leaves the entire investment at risk. Instead of avoiding the risk, a properly implemented quality assurance program allows buyers to manage the risk associated with a solar investment. Defining clear quality expectations with component suppliers and using measurable and quantifiable metrics is critical to a low risk and successful project implementation process.

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MOUNTING STRUCTURES

Journey Of A Giga Watt Of MOUNTING STRUCTURES - Team Nuevosol

In August 2015, Nuevosol celebrated a truly unique achievement – a much deserved entry into the 1000MW club. In a short span of 4 years, Nuevosol has successfully executed over a GigaWatt of turnkey mounting structure projects, for more than 50 EPC companies and developers, in over 120 projects, spanning across 18 states of the Indian landscape.

The achievement merits additional attention because it is the first of its kind in India and perhaps the world – the 1GigaWatt turnaround has been achieved in the shortest amount of time. Along this Gigawatt journey Nuevosol has innovated passionately, optimized endlessly, and delivered tirelessly at unprecedented rates. Day after day, week after week, mindsets have been altered, more efficient techniques introduced, and in the process helped establish an industry of solar manufacturers, and laid the founding stones for numerous independent ventures.

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n FY 2014-2015, Nuevosol executed 450 MW of Mounting Structures Turnkey projects which involve some of the industry’s biggest projects. 300MW of the aforementioned 450MW were achieved in the closing quarter of the year - a never before achieved milestone indeed. Starting from its inception in 2011 to the year 2015, Nuevosol executed 20 MW, 130 MW, 250 MW, 450 MW, effectively doubling its order-book year on year. This article elucidates Nuevosol’s journey to the historic 1GW milestone - the challenges faced, the learnings achieved, and the achievements celebrated.

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MOUNTING STRUCTURES

Where It All Began; 2011 May 2011, a small group of like-minded rebellious young individuals, high on enthusiasm and eager to achieve something of their own founded Nuevosol.

Having worked in several solar companies, they realized that the Indian solar market was overly dependent on imports even for the most basic components.

The fact that not only the designs, but also entire structures were being imported at hefty prices, irked them. The young and emerging Indian solar industry required innovators, and it found them in Nuevosol. Nuevosol’s alternate offering to the hefty, overly-priced foreign structures was to provide customised designs manufactured indigenously and installed by local structural engineering experts.

Their approach was to treat structures with scientific rigour, to eliminate redundancy, and to set the standards for the solar industry, which until then was

blindly aping building standards from the construction sector.

Nuevosol resorted to science and reasoning to garner trust and patronage.

Entrusted by their first client to deliver turnkey services for a 1 MW plant in Orissa, Nuevosol strived and strived hard to deliver. New terrain, a galore of vendors entirely unaware of the manufacturing requirements of the solar sector, and a wafer-thin budget – challenges that seemed daunting, but ended up galvanising the young team and strengthening their spirit. The project was a spectacular success, and set the bar for the industry on how to successfully design, supply and install mounting structures with the best of the quality. Consequently, Nuevosol was awarded the best supplier award for the KSK Surya project, a true vindication of the team’s beliefs, a shot in the arm, and a huge source of inspiration for the

long journey to follow.

The roaring success of their 1 MW venture still fresh in their minds, Nuevosol sought to execute bigger, more challenging projects. Lying in wait and well within reach was a 5MW project for one of the biggest EPC Companies in the country. Successful execution would open doors to the higher practitioners in the industry for the upcoming years, and hence the team fought tooth and nail to execute the project to its very best. The project exposed the team to some invaluable ground realities - the challenges of dealing with large corporates and their structured hierarchies, unreliable manufacturers, and a first major brush with local issues. Nuevosol emerged stronger completing the project thanks to the unexpected and unscheduled challenges.

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Formative Years 2012- 2013; Strong Foundation With the confidence gained through a 20 MW journey in the maiden year, Nuevosol set its sights higher. Now readily recognized within the industry for its young and dynamic team that was ever-ready to take up new challenges, Nuevosol was embraced with much warmth and entrusted some of the biggest projects of the year amounting. An overwhelming volume of 100 MWs was required to be executed in just 3 months. For a one year old company with a core strength of design, and execution capabilities limited by industry bottlenecks, it was a

herculean task for Nuevosol to execute at a pace of over 40 MWs per month. Yet it was achieved with great ease owing to innovative designs that successfully challenged every existing norm in the industry and ensured ease of manufacturing and faster installation.

This achievement, in addition, marked a paradigm shift in industry standards of material usage, foundation designs and overall structural design for solar mounting. Solar-structures-specific standards began to emerge, most of which were earlier tested and established by Nuevo-

sol, over a wide range of projects. This instilled enormous confidence in Nuevosol which was essential for the company to pioneer many more innovations in the coming years.

These formative years provided Nuevosol the confidence to meet industry demands to achieve grid parity and to reduce the time for commissioning large scale projects, confidence which was crucial to consolidate and fortify the promising beginning in preparation for the challenging times that lay ahead.

Years Of Consolidation; 2013-2014 The solar industry needed tariffs to reduce to further propagate grid parity and make projects lucrative. Meanwhile, costs to mounting structure contributors were increasing exponentially, their margins began bordering on the non-existent. The lone solution was - the holistic optimization of the power plant through optimization of structures, to reduce the cost of complete BOS. Innovation coupled with streamlined processes for timely and quality execution led to satisfied clientele. For most clients Nuevosol was no longer a mere vendor or contractor, Nuevosol was now their trusted business partner. The company’s vision, its expansive knowledge base, its innovative solutions and services added value to the businesses of many EPC Firms and Developers alike.

Nuevosol provides solutions, not mere off-the-shelf products. Its solutions stand out in many different ways: Firstly, Nuevosol’s structures are de-

veloped with totality in consideration. Not many design structures to optimize layouts or with a thought to increase IRRs. Team Nuevosol takes specific interest in ensuring that the structures are designed in a manner that would hit the client’s target price point, without compromising on the structural integrity.

Secondly, the process of design ensures that ease of manufacturing and speed of execution are kept in consideration to suit the location and timeline requirements of projects.

Thirdly, Nuevosol always offers services in tandem with supply, accepting end-to-end ownership for delivery of the product.

With all the defining characteristics of a prospective mega power plant partner firmly in place, Nuevosol was deservingly chosen to execute the first few Mega power projects in Madhya Pradesh and Punjab of net capacity 50 MW and above. One of these projects also bore

witness to an ambitious exercise viz. installation of seasonal-tilt structures that followed the natural contour of the land, a project that received immense plaudits for daring to think beyond the ordinary. More challenging assignments ensued and were summarily executed to perfection: Nuevosol installed the first MW scale car port system, the first MW scale inclined roof mounting, and the first MW scale installations inside an international airport. Apart from being the leader in ground mount, Nuevosol also established a strong hold in the rooftop segment as well, delivering innovative, highly economical solutions by executing over 4 MWs of roof mounting.

With over 250 MWs installations over the year 2013-2014, 200 MWs of which was installed in the closing quarter, Nuevosol was truly ready to graduate to the next challenge viz. ultra-mega power projects, UMPPs.

vosol and who have emerged as trusted partners ever since. The holistic design approach that is applied by Nuevosol requires seamless integration with its manufacturing and installation partners.

Nuevosol deep dives into the details of tool design for faster manufacturing and also has quality, product personnel deployed who look at optimizing the floor layouts to produce higher throughput.

Along similar lines Nuevosol developed dedicated manpower clusters in various parts of the country who understand the nuances of quality installations of solar structures. With the widespread manufacturing network and skilled manpower resources trained and ready to deploy,

Nuevosol was geared up to take up the industry demands for ultra-mega power projects.

In Dec 2014, Nuevosol was entrusted with over 300 MWs of orders to be completed in a timeline of three months as per policy requirements. These were some of the industry’s biggest mega power projects that were of 50 MW and above scale. The challenge here was to execute the projects with the limited manufacturing facilities that the country had in a limited timeframe. The best of the manufacturing units were put to use and operations were streamlined to ensure the productivity of the units were utilized to the maximum extent.

The Big Year; 2014-15 By the beginning of 2014, with an experience of over 500 MWs, Nuevosol had been executing at the rate of over 50MW per month and consciously aimed at executing at a rate of more than 100 MW per month in the coming quarters. This called for three main capabilities. One, a chain of manufacturers located all over India; two, designs that are easy to manufacture to produce faster, and three, a network of skilled manpower who can be mobilized to install at a pace of 2 MW per day.

Nuevosol explored and developed a network of more than 50 contract manufacturers, most of them introduced to solar structures-manufacturing by Nue-

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International Symposium

Conference Speakers (excerpt)

India's Largest Exhibition and Conference for the Solar Industry Bombay Exhibition Centre, Hall 1, Mumbai

Prof. Dr. Eicke R. Weber, Director, Fraunhofer Institute for Solar Energy Systems (ISE), Germany

Krishna Pallasana, Executive Director, The Climate Group, India

Dr. S.N. Srinivas, Programme Officer, United Nations Development Programme (UNDP), India

Douglas Wicks, Product Manager Off Grid and Battery Based Inverter Products, Schneider Electric, Canada

Rajaram Pai, Business Leader, DuPont Electronics & Communications, India

Tanveer Mohammad, Chief Operating Officer, Uninor, India

Ivan Saha, President & Chief Technology Officer, Vikram Solar Pvt. Ltd., India

Harshita S. Kumar, Cluster Operations Head-Solar Business, L&T Construction, India

Brian O'Hanlon, Director BD, RE and Sustainable Dev.; Overseas Private Investment Corp., U.S.

Basant Jain, Chief Executive Officer, Mahindra EPC Services Pvt. Ltd., India

with special exhibition

Join us now!

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International Contacts

Supporters

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MOUNTING STRUCTURES

Machinery and manpower required for achieving more than 2 MW per day installations in each project were deployed to ensure the timelines were met. Nuevosol managed to execute all the projects in a timeline of 4 months, in spite of huge manufacturing constraints and sloppy project drawdowns impacting the raw material procurement process.

Steel procurement is a capital intensive

process and any delays in project drawdown would impact the project timelines adversely. Nuevosol while executing the 300 MWs, amounting to 15000 MT of steel, was confronted with a major blockade in the form of raw material unavailability, a hurdle that could’ve complete thrown the project timeline off the course, but with its immense installation experience and network of manpower

the organization rallied hard and ramped up the on-field installation to complete the projects on time. FY 2014-2015 saw Nuevosol emerge successfully from its most immense target yet, executing 450 MWs of the 1000MWs up for offer in the market while overcoming some of the biggest challenges that the industry had hitherto never experienced.

The Year Ahead; 2015-16 With a gigawatt of mounting structures turnkey services provided in India, Nuevosol is poised to achieve even bigger targets leveraging the experience gained over the 4 years. Nuevosol has always been trusted for achieving anything new and anything big in the industry, and has gradually cemented its reputation as the backbone of the solar industry, providing structural solutions that have time and time again defined the economic viability of projects.

Nuevosol works adhering to their core objective of “making things better”, focusing year-on-year at increasing the deliverables while reducing the costs much further. Currently, Nuevosol is readying it-

self to invest in manufacturing lines and a full scale manufacturing set up, to be fully operational from Dec 2015. A deliberate strategic development, this initiative will give the organization better control of its supply chain, and empower its project management teams to comfortably meet the ambitious targets of the sales teams.

Tariff prices and project costs in the ground mount market have hit critical mass, with operators now completely bereft of margins. Tracker technology provides the only way forward, with its ability to facilitate increased energy output production accompanied with only a fractional increment in initial investment. Tracker technology, however, has

traditionally been received with an eye of suspicion. The questionable reliability of the tracking mechanism, its need for repetitive maintenance and a seemingly high scope for errors – these have been genuine concerns of investors and EPC players alike. In an ingenious move, Nuevosol has collaborated with trackers giant SmartTrac, and is all set to release highly durable and economical tracker solutions, The Nuevosol-SmartTrac collaboration is aimed at not just demystifying the aforementioned myths associated with tracker technology, but also at ramping up execution schedules in order to deliver projects of 100MW capacities and above.

Trust. Innovation. Optimization. Nuevosol’s core values have served it well in its journey till date, successfully going past the 1000MW milestone. The organization has always taken immense pride in supporting the solar industry irrespective of the hurdles and challenges.

Clients willing, Nuevosol will continue to support them, will continue to treat their investments with utmost care and consideration, and will ensure that the global solar energy sector continues to prosper unchallenged.

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QUARTER RESULTS

Jinko Solar

“Seek new opportunities as we diversify our customer portfolio and geographic presence” - Saumya Bansal Gupta

a global leader in the PV industry,today announced its unaudited financial results for the second quarterended June 30, 2015.

Second Quarter 2015 Financial Highlights »

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Total solar module shipments were 913.4MW, which includes 90.4 MW earmarked for use in the Company’s downstream projects.Total solar product shipments to the third parties amounted to915.0megawatts (“MW”), consisting of 823.0MW of solar modules, 59.5 MW of silicon wafers and32.5MW of solar cells.

This represents anincrease of 15.9% from 789.2 MW in the first quarter of 2015 and an increase of 38.7% from 659.5MW in the second quarter of 2014..

As of June 30, 2015, the Company had connected 725MW worth of solar projects.

Total revenues were RMB3.2billion (US$516.2million), representing anincrease of 16.4% from the first quarter of 2015 and an increase of 31.6% from the second quarter of 2014.

Solar power projects generated electricity of 203 GWh, a 75.8% increase from the first quarter of 2015 and an increase of 201.9% from the second quarter of 2014. Revenues generated from solar power projects were RMB177.9million (US$28.7million), representing an increase of 74.2% from the first quarter of 2015 and an increase of 191.6% from the second quarter of 2014.

Gross margin was 20.7%, compared with 20.3% in the first quarter of 2015 and 22.6% in the second quarter of 2014.

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, “We had an overall strong quarter as we continue to build a diversified foundation for long-term sustainable growth. We are efficiently executing our strategy across all segments of our business as we benefit from the strong growth momentum gained by expanding our module and downstream businesses.Total revenues during the second quarter reached US$516.2 million, representing an increase of 31.6% over the same period in 2014 and 16.4% sequentially. Module shipments to third parties reached 823 MW, exceeding the high-end of our third party shipment guidance for the second quarter in a row.” “Solar power output during the second quarter also exceeded our expectations by reaching 203GWh, up approximately 75.8% sequentially while generating RMB177.9 million in revenue. With the seasonal effects of Chinese New Year behind us and new projects ramping up to full capacity, we expect this higher-margin business to generate an increasing share of the profits during the second half of 2015.” “We connected 108 MW of solar projects to the grid during the quarter which brings the total capacity of connected projects to 725 MW, and are on track to hit our target of 600 MW – 800 MW of connected capacity in 2015.”

- Mr. Kangping Chen, Chief Executive Officer JinkoSolar’s

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QUARTER RESULTS »

I n c o m e from operations was RMB237.0million (US$38.2million), compared with RMB230.0 million in the first quarter of 2015 and RMB251.6 million in the second quarter of 2014.

Net income attributable to JinkoSolar Holding Co., Ltd.’s ordinary shareholders was RMB76.4million (US$12.3million), compared with RMB51.0 million in the first quarter of 2015 and RMB138.2 million in the second quarter of 2014.

Diluted earnings per American depositary share (“ADS”) was RMB2.40(US$0.40), compared with RMB1.60 in the first quarter of 2015 and RMB4.04 in the second quarter of 2014.

Non-GAAP net income attributable to JinkoSolar Holding Co., Ltd.’s ordinary shareholders in the second quarter of 2015 was RMB206.8million (US$33.4million), compared with RMB171.2 million in the first quarter of 2015 and RMB177.4 million in the second quarter of 2014.

Non-GAAP basic and diluted earnings per ADS were RMB6.64(US$1.08) and RMB6.44(US$1.04), respectively, in the second quarter of 2015.

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Operations and Business Outlook

Mr. Kangping Chen added “Global solar demand remains robust, allowing us to build upon our leadership position in a number of key and new emerging markets. We are well positioned in China as the market leader to benefit from the expected strong demand during the second half of 2015.We also made substantial progress in the U.S. where shipments increased by 115% sequentially, In the Asia Pacific region, we increased our market share substantially in Thailand.

Shipments to Japan and the UK returned to normal levels following the year-end rush last quarter but still remain very active and show promising signs of growth. Turkey and Switzerland in the non-EU region as well as emerging I am pleased with market such as Brazil and Chile all show great the progress we potential. We continue to seek new opportunimade across the ties as we diversify our customer portfolio and entire business. The geographic presence” support we are “Our rapid business growth is supported receiving at both by diversified financing channels at both the corporate and projcorporate and project levels. At the corporate ect levels from our level, in addition to our existing close relationdiversified financing ships with domestic commercial banks, we channels will continue to serve as the secured loans from The Export-Import Bank of China for our Malaysian production facility and foundation for our doubled JinkoSolar US’s credit limit with Wells sustainable longFargo. On the project level, we secured large term growth. project credit lines from Mingsheng Bank and Ping An Bank as we strengthen our financing capabilities with additional financial institutions. Such strong support from financial institutions demonstrates their confidence in our ability to execute our growth strategies across different businesses and geographies.”

“In conclusion, I am pleased with the progress we made across the entire business. The support we are receiving at both corporate and project levels from our diversified financing channels will continue to serve as the foundation for our sustainable long-term growth.

Combined with the steady expansion of our downstream business, industry-leading technology and diversified geographic presence, we believe that our growth prospects look increasingly promising.”

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Third Quarter and Full Year 2015 Guidance -

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For the third quarter of 2015, the Company estimates total solar module shipments to be in the range of 1 GW to 1.1 GW, which includes 900 MW to 950 MW module shipments to third parties and 100 MW to 150 MW for its own downstream projects. Revenues will not be recognized for the modules shipped to its own downstream projects as required by U.S. GAAP. For the full year 2015, the Company raises the guidance of total solar module shipments to 4.0 GW to 4.5 GW which includes 3.4 GW to 3.7 GW module shipments to third parties. The Company expects to grid-connect solar power projects with a total capacity of 600 MW – 800 MW in 2015.

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QUARTER RESULTS

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QUARTER RESULTS

Trina Solar

“Demand in the global solar markets continues to trend upwards, led by China, the U.S. and India in the second quarter” - Saumya Bansal Gupta

Second Quarter 2015 Financial and Operating Highlights »

Total module shipments from the Company’s manufacturing facilities were 1,231.6 MW, consisting of 1,000.7 MW of external shipments and 230.9 MW of shipments to the Company’s own downstream PV power projects, an increase of 20.0% sequentially and 30.6% yearover-year. This compares to the Company’s guidance of 1,100 MW to 1,140 MW of total module shipments.

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Total 121.3 MW of PV power projects connected to the grid in the second quarter, compared with the Company’s guidance of 65 MW to 70 MW.

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Net revenues were $722.9 million, an increase of 29.5% from the first quarter of 2015 and 39.2% from the second quarter of 2014.

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Gross margin was 20.0%, compared with 18.0% in the first quarter of 2015 and 15.4% in the second quarter of 2014.

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Operating income was $60.7 million, an increase of 108.1% from the first quarter of 2015 and 286.5% from the second quarter of 2014.

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Net income was $43.1 million, an increase of 174.8% from the first quarter of 2015 and 317.8% from the second quarter of 2014.

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Earnings per fully diluted American Depositary Share (“ADS” and each ADS represents 50 of the Company’s ordinary shares) were $0.42, compared with $0.16 in the first quarter of 2015 and $0.14 in the second quarter of 2014.

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“We achieved our second straight quarter of record results and our strongest quarter ever for both upstream and downstream in almost all financial and operating metrics . We not only beat the high end of our guidance with record module shipments of 1.23 GW and project connections of 121.3 MW, we also experienced strong top-line and bottom-line growth and improved fundamentals while focusing on profitable growth. We achieved this result with a combination of cost reductions through continued improvements in supply chain management, technological development, and strategic deployment of our resources in promising and fastgrowing markets.”

- Mr. Jifan Gao, Chairman & CEO , Trina Solar

The Company raised its guidance for 2015 total PV module shipments to 4.9 GW to 5.1 GW from its original guidance of 4.4 GW to 4.6 GW, of which 700 MW to 800 MW of PV modules will be shipped to the Company’s PV power projects. The total shipment volume represents an increase of 33.9% to 39.3% from 2014.

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QUARTER RESULTS

Third Quarter and Fiscal Year 2015 Guidance - Mr. Jifan Gao Added,“Demand in the global solar markets continues to trend upwards, led by China, the U.S. and India in the second quarter. Our assetlight capacity expansion, cooperation with diverse partners in China and overseas, and efficient supply chain management have enabled us to maintain flexibility on the manufacturing side and capture both upstream and downstream growth opportunities while maintaining a strong balance sheet. We believe these strategic measures, along with our industryleading production scale and cost leadership, have positioned us well during a period of industry consolidation.” “Our dedication to technological development continues to generate exciting results, including the early trials of highly efficient cells using advanced interdigitated back contact (IBC) technology. The scientists and researchers at our State Key Laboratory of PV Science and Technology have built a pilot-line of the first low-cost industrial versions of IBC cells, which have reached a market-leading efficiency of 23.1% and have an average efficiency of greater than 22%. We will continue to develop new technology for particular climates and specific applications, as well as smarter PV products, as we work to reduce the levelized cost of electricity.” “In our downstream business, we far exceeded our goal for the quarter by connecting 121.3 MW of projects to the grid, including 31.3 MW of distributed generation (“DG”). We were able to do this by quickly responding to changing market trends, providing superior project execution capabilities, and leveraging diversified funding channels. With our first mover advantage among Chinese module players in the DG sector, and our prominence in the upstream business, we are well positioned to be a leading player in the DG segment, which has the potential to become the fastestgrowing segment in the Chinese solar market in the coming years.” “Looking ahead, we are expecting a historically strong year in the global solar market.

China is poised to generate even greater demand as the Chinese government made renewable energy a top priority and is strongly committed to achieving its 2015 grid connection target. I am confident that with our leading technology, strong brand name and superior products, we will further solidify our market leading position. We are well positioned to capitalize on strong global demand, outpace growth in the sector, and become a first class project operator and developer while remaining a leading module manufacturer. Given our solid visibility for the second half, we are confident that we will meet our revised full year module shipment guidance of 4.9 GW to 5.1 GW, which will be over 10% greater than our previous forecast of 4.4 GW to 4.6 GW.”

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Third Quarter of 2015 Guidance The Company expects to ship between 1,450 MW and 1,500 MW of PV modules, of which 170 MW to 190 MW will be shipped to the Company’s downstream PV projects, for which revenues will not be recognized. In addition, the Company might purchase modules from third party suppliers to meet the module requirement for the downstream projects. The Company expects to connect 180 MW to 200 MW of PV projects to the grid in the third quarter of 2015.

Fiscal Year 2015 Guidance 2015 Manufacturing Capacity The Company expects to achieve the following in-house annualized capacities by the end of 2015: »

ingot production capacity of approximately 2.5 GW, from original guidance of 2.2 GW;

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wafer capacity of approximately 1.8 GW, from original guidance of 1.7 GW;

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PV cell capacity of approximately 3.5 GW; and

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PV module capacity of approximately 4.8 GW.

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The capacity increase for ingots and wafers are largely driven by upgrades of our existing equipment and technology advancements.

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The Company raises its full-year guidance of total PV module shipments to between 4.9 GW to 5.1 GW, from original guidance of 4.4 GW to 4.6 GW, of which 700 MW to 800MW will be shipped to the Company’s downstream projects. The total shipment volume represents an increase of 33.9% to 39.3% from 2014.

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The Company reiterates its full-year guidance to connect to the grid between 700 MW and 750 MW of downstream PV power projects across the world, including 30% to 40% of all DG projects in China.

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QUARTER RESULTS

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QUARTER RESULTS

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QUARTER RESULTS

JA Solar First Quarter 2015 Results

“Solid shipment growth was largely driven by demand in China, which represented 45% of the total shipments” - Saumya Bansal Gupta

Second Quarter 2015 Highlights » »

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Total shipments were 790.8 megawatts (“MW”), an increase of 16.0% y/y and 16.0% sequentially Shipments of modules and module tolling were 717.4 MW, an increase of 60.9% y/y and 22.8% sequentially Shipments of cells and cell tolling were 73.4 MW, a decrease of 68.9% y/y and 24.7%sequentially Net revenue was RMB 2.7 billion ($436.8 million), an increase of 11.8% y/y and 12.7% sequentially Gross margin was 16.4%, an increase of 120 basis points y/y and 30 basis points sequentially Operating profit was RMB 156.1 million ($25.2 million), compared to RMB 89.7 million ($14.5 million) in the second quarter of 2014, and RMB 149.6 million ($24.1 million) in the first quarter of 2015 Net income was RMB 136.0 million ($21.9 million), compared to RMB 40.1 million ($6.5 million) in the second quarter of 2014, and RMB 35.0 million ($5.6 million) in the first quarter of 2015 Earnings per diluted ADS were RMB 2.26 ($0.36), compared to RMB 0.59 ($0.10) in the second quarter of 2014, and RMB 0.59 ($0.10) in the first quarter of 2015 Cash and cash equivalents were RMB 1.7 billion ($282.0 million), a decrease of RMB 149.6million ($24.1 million) during the quarter Non-GAAP earnings1 per diluted ADS were RMB 1.67 ($0.27), compared to RMB 0.87 ($0.14)in the second quarter of 2014, and RMB 0.82 ($0.13) in the first quarter of 2015

September 2015

“We were pleased to close out the first half of the year with shipments higher than previous expectations due to strong demand in several key markets. Solid shipment growth was largely driven by demand in China, which represented 45% of our total shipments during the second quarter. Additionally, we continue to make progress on the establishment of our new cell manufacturing plant in Malaysia. As we continue into the second half of the year, we expect industry demand to remain relatively strong, especially in China. We are focused on capturing greater market share in emerging markets, particularly in India and the Americas. Our growing market share and continued development of our downstream project portfolio, supported by the expansion of our manufacturing capacity, will be our key growth drivers for the next several quarters.”

- Mr. Baofang Jin, Chairman and CEO of JA Solar,

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QUARTER RESULTS

Business Outlook For the third quarter of 2015, the Company expects total cell and module shipments to be in the range of 900 MW to 950 MW. Based on the latest project development and permitting status, the Company now expects to ship 150 MW of modules to its downstream projects in 2015

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PR DUCTS J

JinkoSolar Announces New PV Module Series with Integrated Single-Chip Electronic Optimization inkoSolar Holding Co., Ltd a global leader in the photovoltaic (PV) industry, announced the official launch of the JinkoMX module series, incorporating a single chip optimizer from Maxim Integrated Products, Inc. (“Maxim”). JinkoSolar has completed UL certification for this module series, which will generate more electricity than standard modules under most non-ideal real world conditions. JinkoSolar is the first PV module manufacturer offering mass production of this technology for the US solar market. JinkoSolar integrated optimizers into the module’s junction box, thereby performing maximum power point tracking (MPPT) separately on each cell string. The distributed MPPT architecture affords improved tolerance to soiling and shading, enabling denser system designs in rooftop and ground-mount systems. Because the optimizers are embedded in the junction box and use no additional hardware, there is no operational or installation labor impact, making the cost lower than previous electronically optimized solutions. “We are proud to debut this product with JinkoSolar as our two companies strongly believe in a bright future for solar energy anchored by technology innovation, performance and reliability,” said Mr. Seth Kahn, Executive Director, Solar Products, Maxim.

“We pride ourselves in giving customers the best tools to compete in the solar market,” said Nigel Cockroft, Mr. General Manager of JinkoSolar (U.S.) Inc. “JinkoSolar has earned a reputation as a solutionoriented PV manufacturer in the US market. We believe that the JinkoMX module is another example of the company’s commitment to bringing beneficial solutions to US customers and enables higher yield, longer lasting PV systems.”

JA Solar Announces Availability of Easy-To-Install Solar Modules JA Solar one of the world’s largest manufacturers of high-performance solar power products, announced the availability of a new line of easy-toinstall Spice frame solar modules.

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A Solar modules with Spice frames install faster than ordinary modules with fewer parts, saving rooftop installers time and money on every job.

The Spice version of JA Solar modules utilize 60 cell laminates and a heavy-duty, extruded, aluminum frame.

This special, Spice frame is strong enough to allow the modules to be attached directly to the roof, eliminating racking. JA-Spice Solar modules snap together in rows and columns, can handle up to 72” attachment spans, and need only one grounding point for each array.

“We are delighted to offer JA Solar modules with Spice frames to residential installers in the U.S. By eliminating rails and complicated fasteners, residential installers in the U.S. can dramatically reduce their parts and labor costs on every job.

Installers only need to stock one system on their trucks that works on all residential roof types, both portrait and landscape orientations, and all typical wind and snow conditions in the U.S.”

“An ordinary rack-mounted system requires over 300 individual parts and fasteners – with a Spice system only 50 parts are required. As a result, our residential solar installers have reduced their costs by $0.30/watt or more. Spice Solar systems also meet the latest U.S. safety requirements, including UL-1703, UL-2703 and Class A Fire Codes.”

- Wei Shan, Chief Technology Officer JA Solar

- Barry Cinnamon, CEO of Spice Solar

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PR DUCTS ACME : EcoGrid : India’s First Lithium-Ion Based Energy Storage System

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he world’s first Made-In-India product will revolutionise the way Energy Storage is being used world-wide.EcoGrid is the most technologically advanced energy storage system Made-In-India by ACME at its 27 Acre plant at Rudrapur, Uttarakhand.The solution was developed primarily for European Grid-tie markets, in conjunction with Solar. ACME has just entered into an MoU with European Utility wherein it aims to commissioning of 100 MWh of Lithium-Ion energy storage by year 2017 starting this year.ACME has also developed an off-grid version of this product for Indian market. Standard product offering for market in India comes with 6.6kWh of storage.A green technology product . EcoGrid has no health hazards.ACME aims to sell 5MWh EcoGrid in India this year.This solution is a step ahead of the recently launched Tesla’s PowerWall where EcoGrid is a complete Plug-and-Play solution with in-built DC-DC and DC-AC conversion.This will revolutionise the way energy storage industry will function. ACME EcoGrid also integrates with Solar.

This is in line with Make-In-India program.ACME is an innovation-driven firm and this solution is one of such products.

Key Features of this technologically advanced solution : » » » »

EcoGrid charges fast from 0-100% in 2-3 hours and becomes quickly re available for next need.

Round Trip Efficiency of 95% It occupies 1/5 th of the space and 1/7th of weight of a normal conventional battery Current conventional solutions continue to consume power when there is no load, whereas EcoGrid goes into sleep mode in such conditions saving

» » » » »

energy EcoGrid ‘s 90% DOD allows longer back-up power 10-year lifespan; 4000 cycle life.

EcoGrid has large temperature variance of -10 deg C to + 55 deg C Standard offering is 6.6kWh storage and can be scaled up It can sustain a load of 5KVA for one hour and more than that if not used in full capacity.

EcoGrid can also be used in places for PeakShaving application – Supporting the peak demand.ACME has also developed a range of high capacity Lithiumion based solutions for industrial application to save production and productivity losses as well wastage of raw material. Industries are keen on deploying this technology. similar solution is also applicable for large buildings as an alternate source of back-up power.

ACME corporate office at Gurgaon is India’s only BOB - Battery Operated Building today with 294 kWh of storage.

Hardly any maintenance required

Zeversolar Releases A New Online Monitoring Portal And Presents Its Inverters On Trade Fairs In Europe And Australia

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eversolar will release the new online monitoring portal Zevercloud on September 23 in English and German free-of-charge.It enables users to save time and money by reducing PV plant downtime: The portal allows to compare the current performance with past performances and sends event and yield reports rapidly by email.The power per day, per month and per year is displayed in easy to read graphs. In addition, the software calculates and shows the amount of carbon dioxide that has been avoided and the total income that has been earned. Users find all relevant data at a glance.In the United Kingdom, Zeversolar presents the software and its new Zeverlution string inverters at the Heating & Renewables Roadshow, which is UK´s only regional event for heating and renewable energy professionals.

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“Poland is a very promising market and our new string inverters with nominal powers from 1 to 33 kilowatts perfectly meet the requirements. Besides its new generation of lightweight, highly efficient PV string inverters for residential applications, the Chinese manufacturer will also show the new inverter Zeverlution Pro 33 K. It has a nominal power of 33 kilowatts, has been developed for commercial applications and is available worldwide from now on.The show will go on in October, when Zeversolar will present its products at the trade fair All Energy, which is Australia´s most anticipated event in the clean energy sector´s annual calendar.

- Andreas König, Zeversolar´s sales director EQ

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K Subramanyam Former CEO Tata BP Solar

Hitesh Doshi CMD - Waaree Energies Ltd.

Rabindra Kumar Satpathy - CEO-Renewable Power Emami Power Ltd

Shaji John Chief Solar Initiatives, L&T

Shivanand Nimbargi MD & CEO Green Infra Limited Ravi Khanna - CEO Solar Power Business Aditya Birla Group

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Sunil Jaini Chief Exe. Off. & Exe. Director Hero Future Energies Pvt Ltd.

Editorial Advisory Board

Rajesh Bhat Managing Director juwi India Renewable Energies Pvt Ltd

Gaurav Sood Managing Director Solairedirect Energy India Pvt Ltd Pashupathy Gopalan Managing Director MEMCSunEdison

Himamsu Popuri CEO Nuevosol Energy Pvt. Ltd. Inderpreet Wadhwa CEO Azure Power Gyanesh Chaudhary Managing Director Vikram Solar Private Limited

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Arturo Herrero CSO Jinko Solar

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Delta Solar Inverters Heart of your PV System

Home Series

Commercial Series

RPI - H3/H5 & M6A

RPI - M10A/M15A/M20A/M30A & M50A

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Utility Series RPI - C500

String and Central Inverters for Rooftop and Solar Farm Applications.

Industry leading efficiency of 98.5% and complete with all the necessary certifications. With more than 100 MW of string inverter installations, Delta is India's most preferred string inverter. We also provide remote monitoring solution for a PV plant, including SCADA and reverse power flow controllers.

For more information on our products, drop us an e mail at solarsales@delta.co.in.

www.deltaelectronicsindia.com

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R.N.I. NO. MPBIL/2013/50966 | DT OF PUBLICATION: SEMPTEMBER 20 | POSTAL REGD.NO. MP/IDC/1435/2013-2015

104 EQ September 2015

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