SQ- India(Intersolar Special)Oct-Nov Issue 2022

Empowering, Insightful, Engaging

Policy & Regulatory Updates

POLICY NEWS

Ministry of New and Renewable Energy Launches its Waste To Energy Programme

Under the National Bioenergy Programme umbrella, MNRE has launched its Waste to Energy Programme It will be in effect for the financial years 2021 22 to 2025 26. The Waste to Energy Programme has a budget of Rs 6 billion This program will be implemented by the Indian Renewable Energy Development Agency Limited (IREDA) The program’s objective is to help set up Waste to Energy projects to generate Biogas/ BioCNG/ Energy/Power/producers or syngas from industrial, urban, and agricultural wastes/residues The program provides Central Financial Assistance (CFA) to project developers and service charges to implementing/inspection agencies in respect of the successful commissioning of Waste to Energy plants for the generation of Biogas, Bio CNG/enriched Biogas/Compressed Biogas, Power/ generation of producer or syngas.

MNRE Amends Tender Clauses for Component B of the KUSUM Program

The MNRE published modifications to the tender provisions for the empanelment of vendors under Component B of the PM KUSUM program

MNRE Issues Amendment in the Guidelines for Tariff Based Competitive Bidding Process for Power Procurement from Grid-Connected Wind Solar Hybrid Projects

MNRE had vide office memorandum dated October 14, 2020, issued ‘Guidelines for tariff based competitive bidding process for procurement of power from grid connected wind solar hybrid projects, which was subsequently amended vide memorandums dated July 23, 2021, and March 09, 2022 MNRE has decided to further amend the aforementioned guidelines as below:

Delay in Commissioning on account of delay in LTA Operationalization: Long Term/Medium Term/ Short Term Access shall be required to be submitted by the Generator prior to commissioning of the Project However, for the sale of power to the procurer from SCD, the hybrid power generator shall have LTA Subject to adherence to this, subsequent to the grant of connectivity, in case there is a delay in the grant/operationalization of LTA by the CTU/STU and/or there is a delay in readiness of the ISTS/InSTS substation at the Delivery Point, including the readiness of the power evacuation and transmission infrastructure of the ISTS/InSTS network until SCD of the Project, and it is established that:

The Generator has complied with the complete application formalities as per the Connectivity Procedure; The delay in grant of connectivity/LTA by the CTU/STU and/or delay in readiness of the ISTS/InSTS substation at the Delivery Point, including the readiness of the power evacuation and transmission infrastructure of the ISTS/InSTS network, is a factor solely attributable to the STU/CTU/transmission licensee and is beyond the control of the Generator The above shall be treated as delays beyond the control of the Generator and such Projects shall be eligible for suitable time extension in their SCD ”

(Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan) The MNRE has launched the Pradhan Mantri Kisan Urja Suraksha and even Utthan Mahabhiyan (PM KUSUM) Scheme for farmers to the installation of solar pumps and grid connected solar and other renewable power plants in the country Component B aims to install 17 50 lakh standalone Solar Powered Agriculture Pumps of individual pump capacities up to 7 5 HP The new amendments stipulate that the rates found in the centralized tender will be the ceiling for all bids made by State Implementing Agencies (SIA)

MNRE Appoints REC GM to The Position of Director (Finance) at IREDA

According to an official notification, a Search cum Selection Committee constituted by the Ministry of New and Renewable Energy (MNRE), Bijay Kr Mohanty was selected for the post of Director (Finance) of IREDA. The notification stated that the Sc had recommended Sh Bijay Kr Mohanty, Sr GM(F&A), REC Ltd. Gurugram, for the post of Director (Finance), Indian Renewable Energy Development Agency (IREDA) After an interview, Mohanty was selected by the committee from a shortlist of four candidates

REC’s subsidiary RECPDCL Hands Over SPV ‘ER NER Transmission Limited’ to Power Grid

REC Power Development and Consultancy Limited (RECPDCL) a wholly owned subsidiary of REC Limited A Maharatna CPSE under the Ministry of Power, handed over the project specific SPV (Special Purpose Vehicle), formed for the construction of Transmission Project viz , ‘ER NER Transmission Limited’ to Power Grid Corporation of India Limited The Power Grid Corporation of India Limited has been the successful bidder of the Inter State Transmission Project of the Ministry of Power, Government of India, and RECPDCL was the Bid Process Coordinator

Safety, Quality, and Design Should Be The Key for Manufacturing Smart Meters: Secretary, MoP at Metering India 2022

“Safety, Quality, and Design should be the key to manufacturing Smart Meters I urge the manufacturers to think of innovative ways to reduce the price of the meters to half without compromising on quality We have improved the loss reduction aspect and are working on the expansion of the RDSS scheme and smart distribution. IEEMA should mainly focus on three areas, firstly focus on consumers and make smart meters affordable; secondly capacity building of the utilities; and lastly finding an opportunity to change conventional meters into smart meters with sustainable disposing of,” stated Mr Alok Kumar, Secretary, Ministry of Power during IEEMA’s flagship event Metering India 2022 Mr Rohit Pathak, President, IEEMA and CEO, Birla Copper Hindalco Industries Limited, articulated, “Smart Meter is a key enabler for India’s transition to an electrified, digital, sustainable and net zero economy We must focus on the ‘smart’ of smart meter to help enhance the consumer experience, drive analytics enabled efficient use of electricity, and help make the Grid more reliable as the share of Renewable Energy (RE) increases in accordance with Vision 2047 ”

MNRE Issues Clarification On ALMM Applicability For Open Access, Net-metering Projects

The MNRE issued key clarifications in an office memo on October 7 regarding its rules for the use of ALMM modules (Approved List of Module Manufacturers) across projects in India. The Ministry clarified that projects that are open access and net metering and have applied for approvals before 1st October 2022, will not fall under the jurisdiction of the Approved List of Manufacturers (ALMM) The Ministry also indicated that the ALMM would not apply to behind the meter solar energy projects for captive consumption by a consumer, or group of consumers MNRE decided to enlist the eligible models and manufacturers of Solar PV Cells & Modules complying with BIS standards and published the same under ‘Approved List of Models and Manufacturers’ (ALMM)

Centre Allows 26,000 MW Solar Capacity Bidded Before March 2021, Under Concessional Import Duty Scheme

Investments of Rs 1.3 lakh crore in solar projects which were bid out before March 2021 are now exempted from the revenue department’s order scrapping lower customs duty under the concessional project import scheme for the solar sector This will allow for 26,000 MW of capacity to be restored at various stages of implementation It also allows for equipment imports of Rs 60,000 crore at a 5% duty instead of the 40 % basic customs duty (BCD), which took effect on April 1, 2022

The ministry has granted a 12 month extension of concessional custom duty, for pre March 2021 projects in order to ensure capacity increase does not suffer. India implemented a basic customs duty (BCD) of 40% on solar cells and 25% on solar modules, effective 1 April 2022

Power Minister Emphasizes

on

Creating Enabling Framework to Enhance Domestic Manufacturing Capacity in RE Sector

It was said that Renewable energy deployment is central to achieving the target of net zero by 2070 and reaching 500 GW of non fossil installed capacity by 2030 as per the commitment of the nation towards achieving climate change goals Highlighting the achievements in the past few years in the Renewable energy sector, deliberations were made on the policy, regulatory and institutional interventions required for fast track implementation of renewable energy projects and states should support to achieve the non fossil installed capacity objectives of GoI Emphasis was also laid on creating an enabling framework to enhance domestic manufacturing capacity in the RE sector through various incentive measures States should endeavor to deploy solar rooftop systems expeditiously to ensure meeting the overall target of 40 GW, was said

CEA Brings Out Draft Resource Adequacy Framework for Reliable and Secured Power Supply

The Central Electricity Authority (CEA) has prepared a draft resource adequacy plan to maintain adequate generation capacity to meet future energy demands The objective of the workshop was to introduce the concept of Resource Adequacy in the power sector to various stakeholders. The workshop was attended by representatives from the Ministry of Power, State Electricity Regulatory Commissions, State Governments, Distribution utilities, CPSUs under the Ministry of Power, and various Government officials Shri Krishan Pal Gujar stressed the importance of 24X7 reliable and secured supply of power to consumers at an affordable rate He congratulated CEA for bringing out Draft guidelines for carrying out Resource Adequacy plans for various Distribution utilities

Storage Manufacturing Capacities

R K Singh Union Minister for New and Renewable Energy (MNRE) stated that renewable energy was not only a solution for climate change but also a viable alternative to fossil fuels This was said by the Minister at the inaugural session on new technologies for clean energy transition at the Fifth International Solar Alliance (ISA Assembly) Assembly in New Delhi He stated that renewable energy was the best option and that there are many ways to increase it He raised concerns about the storage capacity and said that although it is costly, the government is increasing its storage manufacturing capacities to meet these challenges The Minister also called on the world leader in storage capacity to increase and stated that energy prices will automatically fall if the storage capacity is increased He said that in order to address these challenges, we must increase the production of renewable energy The government is working to make this possible

Madhya Pradesh To Establish Power & Renewable Energy Equipment Manufacturing Zone

The Project Management Agency (PMA) has chosen the Madhya Pradesh Industrial Development Corporation (MPIDC) to establish manufacturing zones for power and renewable energy equipment on a trial basis. The proposal, a collaboration between the Ministries of New and Renewable Energy (MNRE) and the Ministry of Power (MoP), calls for the construction of two brownfield industrial zones and a greenfield manufacturing zone, with a total government funding commitment of Rs 10 billion The Scheme Steering Committee received the PMA recommendations based on the assessment criteria and formally approved them on October 22 After gaining its in principle approval, MPIDC will now have one month to establish a special purpose vehicle (SPV) in accordance with the specifications in the document It will be necessary for the SPV to have a separate Chief Executive Officer (CEO). The project will last until the fiscal year 2025 2026 With a cap of Rs 4 billion for one industrial zone, the projected budget for the three manufacturing zones has been kept flexible to enable a shared infrastructure and testing facility

At present, the installed capacity of the National Grid is 404 GW and the peak demand met is 216 GW The initiatives for integration of Non fossil Fuel Energy are the implementation of Green Energy Corridors, Transmission system for Ultra Mega solar power parks, Transmission system for 66 5 GW renewable energy zones by 2022, establishment of 13 RE Management centers (REMCs) to address variability and uncertainty of RE generation, planning of transmission system for integration of additional 52 GW potential REZ by 2026 27 have been carried out, transmission schemes for another 181 5 GW RES by 2030 have been planned and the same would be taken up for implementation in a progressive manner A transmission system for 7 solar parks (6500 MW) in 5 states has been implemented by POWERGRID comprising about 1870 km transmission lines and 5 sub stations with 1 3500 MVA transmission capacity The policy reforms to promote the integration of Renewable Energy are Waiver of inter State transmission charges on the transmission of electricity generated from solar and wind sources of energy, Bundling of Renewable Energy with Thermal /Hydro Energy under existing PPAs, Green Term Ahead Market (GTAM), Easier Access to RE Generation Project General Network Access

REGULATORY UPDATES

RERC

Members of Carbon Markets Association of India Pledge to Work Towards Empowering India’s Journey to Net zero

In a first of its kind development in the country, eminent stakeholders from the realm of climate change in India announced that they have joined hands with the Carbon Markets Association of India to form a strategic industry alliance. Established with an aim to transform the country’s carbon market and spearhead the evolution of the domestic market, the association will empower India’s journey to becoming net zero through climate positive initiatives Established at an opportune time as the market gears up for a revolution with the Energy Conservation Act 2022 likely to come into effect soon, the association will work across sectors to bring together an entire ecosystem that focuses on India’s net zero growth With climate change as its core focus, the association will also support the development of innovative interventions for climate action. The association has brought together the industry's best experts from the realm of climate change in India under a single platform

India is Setting Up More

to Meet Challenges, Says R K Singh

India Plans To Set Up New Transmission System for 66 5 GW Renewable Energy Zones by 2022

in

Report

According to a report, India’s growth in solar and wind power has resisted the expansion of fossil fuel electricity generation by 3 percentage points during the first half of 2022 A report by an energy think tank based in the UK stated that renewables met all the global electricity demand growth in the first half of 2022 This prevented any growth in gas and coal generation. “The rise in wind and solar has prevented an increase of 4 percentage points worldwide in fossil fuel electricity generation ” According to Ember, the report shows that India saw fossil fuel power rise by 9 percent, while it would have been 12% without the growth of wind and solar

Developing Economies Needs USD 1 Trillion in RE Sector to Achieve Net-zero Target: IMF

According to the International Monetary Fund (IMF), developing economies need to invest $1 trillion per year in renewable energy by 2030 to keep up with the goal of achieving net zero greenhouse gas emissions by 2050 The IMF stated that developing and emerging economies are responsible for two thirds of global greenhouse gas emissions These economies are also highly vulnerable to climate risks It said that these countries would require significant climate financing over the next few years in order to reduce their carbon emissions and adapt to climate change. These economies could invest USD 1 trillion annually in renewable energy if they want to remain on track to reduce greenhouse gas emissions to zero by 2050 It also stated that the investment needed by developing countries to adapt their agriculture, infrastructure, and water supply to combat climate change will exceed USD 300 billion per year

Corporate Funding in Global Solar Sector Falls 18 % to $18.7 Billion: Report

According to Mercom Capital Group, $18 7 billion was the total corporate funding for the solar sector during the third quarter of FY22 This is 18% less than the $22 8 billion reported last year The firm, released its report on the funding and merger and acquisition activity (M&A), for the solar sector during the third quarter (Q3) of 2022 Mercom Capital Group CEO Raj Prabhu stated that although corporate funding is slower than usual due to factors like inflation and high interest rates, it is still faster than the six previous years Since 2010, we have seen a revival in venture capital funding and private equity funding This has broken funding records The latest Mercom Capital Group report shows that deals have increased by 17 % year on year (YoY), to 131, compared with 112 deals last

Says Report

In its North American Nat Cat Update, GCube a member of the Tokio Marine HCC group of companies with US offices in Orange County, New York City, and Houston reports that market correction hasn’t gone far enough to address the growing severity of Nat Cat and Extreme Weather events A softening of rates could jeopardize the sustainable growth of US wind and solar faced with these evolving risks

India Can Accelerate Green Investments to USD 12.1 Trillion by 2050, Says Mckinsey

The supply of electricity from clean energy sources must double within the next eight years to limit global temperature increase Otherwise, there is a risk that climate change, more extreme weather, and water stress will undermine our energy security and even jeopardize renewable energy supplies, according to a new multi agency report from the World Meteorological Organization (WMO) WMO’s State of Climate Services annual report, which includes inputs from 26 different organizations, focuses on energy this year because it holds the key to international agreements on sustainable development and climate change and, indeed, to the planet’s health

India To Add 35 40 GW of Renewable Energy Capacity Annually to FY2029/30, Says Report

India’s renewable energy installations are projected to grow rapidly with 35 40 gigawatts (GW) added annually through the fiscal year (FY) 2029/30, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and Climate Energy Finance (CEF) IEEFA and CEF estimate that renewable energy capacity will reach 405GW in FY 2029/30, putting India on track to surpass its target of 50% of its energy from non fossil fuel sources by 2030. Thermal power on the other hand is set to progressively lose market share, with the expanding use of domestically produced thermal energy in response to recent global erm hiccup”, the report says

According to Mckinsey & Co, India’s net Green House Gases (GHG) emissions will continue to rise at a steady rate of 11 8 gigatons of CO2 equivalent per year by 2070 This is up from 2 9 gigatons in 2019 The report stated that India could create 287 gigatons of carbon space for the globe if it intensifies its efforts to combat climate change. This amounts to nearly half of the global carbon budget, which is necessary to limit warming to 1 5 degrees Celsius It stated that India’s decarbonization will require USD 12 1 trillion (5 9% of GDP) in green investments to achieve the “accelerated” scenario

Growth

Renewables Slowing Down Rise in Fossil Fuel Power Generation in India:

Investments in Renewable Energy Need To Triple by 2050 To Put The World On a Net Zero Trajectory: Report

Market Correction Essential To Protect US Renewables Market Against Growing Extreme Weather Risk,

Think Tank

Global Energy

Crisis is Historic Turning Point Towards Cleaner and More Secure

Future: IEA

The global energy crisis triggered by Russia’s invasion of Ukraine is causing profound and long lasting changes that have the potential to hasten the transition to a more sustainable and secure energy system, according to the latest edition of the IEA’s World Energy Outlook Today’s energy crisis is delivering a shock of unprecedented breadth and complexity The biggest tremors have been felt in the markets for natural gas coal and electricity with significant turmoil in oil markets as well, necessitating two oil stock releases of unparalleled scale by IEA member countries to avoid even more severe disruptions With unrelenting geopolitical and economic concerns, energy markets remain extremely vulnerable, and the crisis is a reminder of the fragility and unsustainability of the current global energy system, the World Energy Outlook 2022 (WEO) warns

Clean Energy Finance and Investment Roadmap of India: OEDC Report

India has achieved major progress in its energy sector over the last two decades Still, investment needs to scale up considerably to meet the government’s ambitions to achieve 500 GW of renewable energy capacity and energy intensity reductions of 45% by 2030 Targeted application of public funds, alongside international climate and development finance, can crowd in investors and channel private capital to meet India’s clean energy goals The Clean Energy Finance and Investment Roadmap of India highlights key actions needed to accelerate the development of energy efficiency measures in micro, small and medium enterprises, offshore wind, and green hydrogen production

TENDER UPDATES

SECI Floats Tender For O&M Of 10 MW Solar Power Project In Jodhpur

SECI Tenders 1200 MW Wind Solar Hybrid Projects Installation With Energy Storage

ANERT Tenders 2 MW Solar Power Projects At MILMA Dairy In Kerala

BPCL Floats Tender For 9 6 MW Floating Solar Projects’ Consultancy In Kerala

Bundelkhand Saur Urja Limited Issues Consultancy Tender for 1200 MW Jalaun Solar Park

CIDCO Plans to Harness Solar Power on Railway Stations and on Office Buildings

GUVNL Invites Bids to Procure Power from 500 MW Solar Projects with Greenshoe Option of Additional 500 MW

HPCL Invites Bids From Consultants For O&M Of 1 2 MW Solar Plant In Karnataka

Jindal Power Requests Bids For Mono PERC Solar Modules For 150 MW Solar Projects

JREDA Issues 3 MW Grid Connected Rooftop Solar Tender

Maharashtra’s CIDCO Floats Tender To Install 4 18 MW Rooftop Solar Systems

MSEDCL Invites Bids To Procure Solar Wind Hybrid Power Of 500 MW Capacity

NCR Transport Corporation Invites Bids for Rooftop Solar Systems

NLC India Tenders 300 MW Solar Power Project Installation In

India Saves Over $4 Billion in Fuel Costs Through Solar Power in First Six Months of 2022: Report

According to a new report, India has saved USD 4 2 billion on fuel costs by using solar power in the first half of 2022 Also, 19 4 million tonnes of coal were avoided which would have added stress to already stretched domestic supplies. Ember the Centre for Research on Energy and Clean Air, and Institute for Energy Economics and Financial Analysis, both energy think tanks, analyzed the rise of solar power over the past decade and found that five out of the top ten countries with the most solar capacity are located in Asia This includes China, Japan, India, South Korea, and Vietnam According to the report, solar energy contributed by seven Asian countries China, India, Japan, South Korea, Vietnam, Thailand, and the Philippines avoided potential fossil fuel costs of USD 34 billion between January 2022 and June 2022 It added that this is 9 percent of the total cost of fossil fuels during this time.

COP27, G20

Need

To Make

Discourse on Energy Transition More Inclusive of Demand side Requirements: TERI

The need for the global clean energy transition mechanisms to be inclusive and just beyond the context of coal, and the lead role G20 countries the Presidency of which India is set to take over this year should play in furthering the focus on demand side perspectives in the energy transition of vital sectors such as agriculture, Micro, Small and Medium Enterprises (MSMEs) and the transport was underscored by a policy brief released by The Energy and Resources Institute (TERI)

NTPC Floats Tender For Installing 21 MW Solar Power Projects In Madhya Pradesh

OREDA Requests Bids For Installing 9 71 MW Rooftop Solar Systems Across State

Panvel Municipal Corporation Plans to Install Rooftop Solar Systems at 5 Major Sites in City

PEDA Tenders 4 5 MW Rooftop Solar Systems Installation Across Punjab

RRECL Floats Tender To Install 50 MW Rooftop Solar Plants Across State

SJVN Green Energy Floats BoS Tender For 100 MW Solar Projects In Punjab

SJVN Tenders For Inspection of PV Modules of 5 5 MW Charanka Solar Project Using Drone

TPCODL Tenders 180 MW Solar Projects, Solarizing 40K Pumps Under PM KUSUM

UPPCL Tenders Installation Of Five 10 MW/40MWh Battery Energy Storage Systems

Project Updates

AEROCOMPACT Launches Racking System for Bifacial PV Modules and Green Roofs

Apple Calls On Global Supply Chain to Decarbonise by 2030

Avaada Group Signs $2 Million Agreement with Airtouch Solar for Robotic Module Cleaning Coal India to Set Up 1190 MW Solar Power Plant in Rajasthan

Excel Realty N Infra to Enter into JV with Seven Greens Solar Systems to Explore Opportunities in Solar Power Segment

Friends Salt Works & Allied Industries Installs 4 MW Solar Power Plant in Bhavnagar

Gautam Freight Announces Commissioning of 4 MW Solar Plant in Bhavnagar

Goa Gets First Solar Powered Chiller System for Fishing Trawlers

Jindal Steel and Power Signs MoU with Greenko for Supply of 1000 MW of Green Power

Kandla Agro & Chemicals Pvt Ltd Boosts Sustainability by Installing Solar Power Plant in Bhavnagar

Navitas Solar Becomes One Of The First Solar Manufacturing Companies to Achieve Carbon neutral Status

NTPC and Siemens Limited Sign MoU for Demonstrating Hydrogen Co firing in Faridabad Gas Power Plant

ONGC Plans to Set Up 1 GW Solar Power Project in Rajasthan

Pennar Industries Bags 500 MW Solar PV Project from NTPC Renewable Energy

Ph D Chamber, Greenstat Sign MoU to Collaborate for Setting Up a Centre of Excellence in Green Energy

PTC India Receives 3,500 MW Renewable Energy Supply Offers Against 1,000 MW Sought

REC Group Signs a Major Solar Equipment Supply Agreement with Maxwell Technologies

SJVN Green Energy APDCL to Form JV to Set Up 1 000 MW Floating Solar Projects in Assam

SJVN Wins 105 MW Floating Solar Project Worth Rs 730 Crore in Maharashtra

Sunsure Energy Commissions 74 MWp Open Access Solar Project in Tamil Nadu

Tata Power Renewable Energy Limited Receives ‘Letter of Award’ to Set Up 150 MW Solar Project in Maharashtra

Tata Power Solar Systems Launches Off grid Solar Solutions in West Bengal, Bihar, Jharkhand

The Study of Floating Solar Power Project at Jayakwadi Dam Now Gets Green Signal

Trident Group Commissions 8 87 MW Solar Power Project at Budhni, Madhya Pradesh

Vibgyor Energy Sets Up 1 5 MW Solar Power Plant in Jammu

WAAREE Energies Offers the Biggest Freedom Sale Through Their First of its kind E commerce Store in Solar Sector

Waaree Energies Supplies Solar Modules to Terapanth Foods Ltd’s 4 MW Solar Plant

CESL Sets Up First Integrated Solar Charging Station to Support Ladakh’s Ambitions

Gujarat’s Modhera To Be India’s First Solar Powered Village

Hartek Solar To Build 2 MW Floating Solar Plant, Foundation Stone Laid by President of India

Redington Launches ‘Solar Rooftop Partner Program’ to Strengthen its Renewable Energy Portfolio

Sterling and Wilson Renewable Energy Bags 1,255 MW Solar Project Worth Rs 2,212 Cr from NTPC REL

Tata Power Plans To Develop Up to 8000 MW of Utility Scale Projects, 1000 MW of Solar Rooftops, And Install 1,50,000 Solar Pumps in the Next Five Years in Rajasthan

Tata Power to Develop Tata Motors’ 7 MW Solar Project at its Pantnagar Manufacturing Facility

Green Hydrogen Finance & Investment

ABC Cleantech Signs MoU with Govt of Karnataka to Set Up Green Hydrogen, Ammonia Plant in Karnataka

Climate focused Neev II Fund Invests GBP 22 Million in Green Hydrogen Company Hygenco

Hero Future Energies and Govt of Karnataka Sign MoU to Invest Rs 20,000 Crore for Hybrid RE, Green Hydrogen Projects Jakson Green to Develop US$ 2 8 Billion Green Ammonia and Green Hydrogen Project in Rajasthan Keppel, Greenko Partner to Explore Renewable Energy and Green Ammonia Opportunities

KKR to Invest $400 Million in Decarbonization Platform Serentica Renewables

Bank of America Lends Rs 800 Cr To ReNew Power’s Green Energy Project

Central Government Sanctions Around Rs 700 Cr for Power Infra and Smart Metering Projects

EDPR Increases its Gross Investment in Renewable Energy to More Than 4 Billion Euros

Karnataka Attracts Huge Investment in Renewable Energy at Invest Karnatak 2022

Orb Energy Raises $20 Million Follow on Loan from US DFC

ReNew Power to Invest Rs 30,000 Cr to Scale Up Green Capacities: Chairman Sumant Sinha

SolarSquare Raises Rs 100 Crore To Set Up NBFC To Help Finance Solar Projects in India

Sterlite Power Plans to Increasing Renewable Capacity by 10 fold; Invest Close to Rs 50,000 Cr

DIF Capital Partners Invests in Leading Global Renewable Energy Platform Qair

Completing 10 Years in 2022, we stand at the cusp of a transformation, from being one of India’s leading RE Players to becoming the Leading Energy transition partner for our clients across the globe.

Srivatsan Iyer

Global CEO, Hero Future Energies

CONVERSATION HIGHLIGHTS

Transformation of the C&I sector shall continue to remain the cornerstone of the country’s decarbonization efforts and we are working with some of the largest C&I players in India and other countries, helping them navigate their journey to Net Zero The GOI must come up with Clear national guidelines regarding Captive/Group Captive projects to maintain the pace and momentum we’ve seen build up over the last few years in the C&I green transition.

build up over the last few years in the C&I green transition

HFE currently has 1 6 GW of Operational Wind, Solar and Hybrid projects along with a strong pipeline of over 4 GW of shovel ready projects across India, the UK, Vietnam and Bangladesh With the recent addition of KKR as a strategic partner in HFE’s growth plans, we are now ready to start deploying projects on the Ground

Transformation of the C&I sector shall continue to remain the cornerstone of the country’s decarbonization efforts and we are working with some of the largest C&I players in India and other countries, helping them navigate their journey to Net Zero In our role as an energy transition partner, we are supporting our clients to create Roadmaps to convert Net Zero pledges to Net Zero roadmaps and provide Products, Solutions and Services to enable their Net Zero journey We are working with State and Private sector agencies in select High Growth geographies to develop and deliver projects on a Utility scale as well

On the India Utility front, we are increasingly looking at more advanced Hybrid, RTC and Peak power projects

India’s ambitious 500 GW Renewable target requires participation from all segments of the economy and especially the C&I segment, as one of the biggest consumers of electricity across the nation The MOP notification of Electricity (Promoting Renewable Energy Through Green Energy Open Access) Rules, 2022 comes at a time when the Indian C&I space is looking at Green Energy and Decarbonization as a means of accelerating their Net Zero Journey. While Virtual PPAs are still nascent and will become more relevant once the Exchange mechanisms mature, we’ve seen significant activity in the Corporate PPA space in the last 2 years with a lot of industry majors tying up green PPAs with major IPPs across the country

As more C&I consumers are now looking at Firm, dispatchable RTC Green Power, where the wind is expected to play a bigger role along with BESS and Green Hydrogen, the size of OA generations plants is also expected to get bigger considering scale efficiencies required for cost parity This will push customers to opt for a group captive kind of arrangement where demand across multiple customers is aggregated to be serviced through a larger generation facility

However, recent developments regarding clarity around Group Captive regulations, which at the time are not consistent and subject to variability depending on states and DISCOMS, can prove to be a dampener The GOI must come up with Clear national guidelines regarding Captive/Group Captive projects to maintain the pace and momentum we’ve seen

The reduction of the Open Access Transaction limit from 1 MW to 100 kW will open up RE to a multitude of MSMEs and other smaller players, who, when aggregated form a large chunk of the demand but were earlier missed out due to smaller quantum of their individual energy requirements.

These Rules also provide for streamlining the overall approval process for granting open access Time bound processing by bringing uniformity and transparency in the application as well as approval of open access through a national portal is a clear step in the right direction, as is the certainty on open access charges such as transmission wheeling cross subsidy surcharge and standby charges along with a cap on increasing of cross subsidy surcharge as well as the removal of additional surcharge

However, these rules, which are currently notified at the national level, are yet to be codified into state Open Access regulations which will affect the implementation of these provisions States like KA have already come out with draft Green Open access regulations and we are hopeful that other shall soon follow

Completing 10 Years in 2022, we stand at the cusp of a transformation, from being one of India’s leading RE

What are the strategies Hero Future adopted to achieve 5GW renewable capacity within 5 years?

How will the recent 'Green Open Access Rule 2022' open up the open access solar energy market in India? What is your view on the potential market outlook of India's Virtual PPA and Corporate PPA market?

Players to becoming the Leading Energy transition partner for our clients across the globe.

Implementation of BCD and ALMM compliance, especially in the wake of the global supply chain crisis has impacted almost the entire 40GW projects currently under execution today both in terms of cost escalations and schedule delays

While a competitive domestic supply chain may prove to be essential for sustained long term growth, the short term disruptions may have cascading effects on the ability to achieve the 40 GW annual capacity addition required for the 500 GW goal Till the time the announced domestic manufacturing capacity under the Manufacturing linked Tender and PLI schemes become operational, the GOI must find a reasonable path forward to meet the ambitious RE targets and not lose the momentum that India gained in the last couple of years in RE deployment

In line with our goal of becoming the Industry’s leading Energy Transition Partner, HFE has an ambition of being a leading provider of Green Hydrogen and its derivatives

Founded by electrochemical industry veterans, Ohmium brings extensive experience from the fuel cell & power electronics industries into the design, development & system integration of state of the art PEM hydrogen electrolyzers

With the Strategic Partnership, we aim to provide the most scalable, flexible & cost effective green hydrogen solutions for our C&I clients and work to deploy green Hydrogen solutions at the Utility Scale

Completing 10 Years in 2022, we stand at the cusp of a transformation, from being one of India’s leading RE Players to becoming the Leading Energy transition partner for our clients across the globe. In line with our goal of being climate positive by 2030, we continuously strive to reduce the ecological footprint of our activities by maximizing energy and water efficiency, reducing emissions, minimizing waste, and protecting biodiversity while also fulfilling regulatory compliance requirements

As part of our Sustainability journey, we have set the following goals for ourselves

Net Zero: We plan to be carbon neutral and achieve Net Zero carbon Emissions by 2030 We remain committed to operating and expanding responsibly and as of date, completely offset or Scope 1 & 2 Emissions

Water Positive: We aspire to become water positive by 2030 by adopting water harvesting and increasing water use efficiency by using technology such as robotic cleaning

To enable the move towards self sufficiency energy security and transition to a Greener, more sustainable planet, we at HFE have embarked on a journey to grow our Renewable Asset Base 5x over the next 5 Years This growth shall be inclusive and we will endeavor to ensure all stakeholders (Customers, Employees, Vendors, Policy makers, Regulators, Investors, and especially local communities) benefit from this growth.

People Positive: Our People are our biggest asset and we continue to invest and develop strong and capable leaders of the future, through our culture of Trust, Respect, Transparency, and Delegation

Biodiversity Preservation: We have a strategic and focused biodiversity management plan which tracks the impact our business or projects has on biodiversity with clear mitigation plans

What are your future solar module procurement strategies for Indian projects in the wake of ALMM compliance?

Can you please give us a brief insight into the collaboration between Hero Future Energy and Ohmium to produce 1GW green H2 facilities in India?

What are the different initiatives taken by Hero Future Energy to achieve its sustainability targets?

With the Strategic Partnership, we aim to provide the most scalable, flexible & cost-effective green hydrogen solutions for our C&I clients and work to deploy green Hydrogen solutions at the Utility Scale.

CONVERSATION HIGHLIGHTS

Trina broke the world record for the 25th time setting N type module aperture efficiency at 24 24% Trina Solar is committed to supporting the government in its endeavors to meet its ambitious energy goals and empowering its journey to a greener future

The advanced technology incorporated in the Vanguard equips the tracker with exceptional reliability, excellent O&M efficiency, lower BOS cost, and high energy yield

Gaurav Mathur

India Director, Trina Solar

The year 2022 marks Trina Solar’s 25th year of experience and expertise as a leading solar company in the solar industry and we are delighted that Trina saw many milestones achieved as we celebrate this silver anniversary.

One of the many notable developments is Trina’s cumulative total module shipments of over 100GW by end of April this year, with customers across more than 100 countries and regions worldwide Trina Solar has shipped more than 30GW of 210 modules worldwide, with the industry as a whole shipping more than 50GW by June; as for the India market Trina Solar surpassed more than 8GW shipment supplying to PV projects in all three segments of residential, commercial and industrial and utility With a strong emphasis on innovation and a focus on 210R technology, Trina continues to bring the latest modules and technology to the industry This is evident in the recent launch of the first 210 N type modules NEG21C 20 and the upgraded Vertex 19R series which features the latest 210R rectangular silicon technology at the recent REI Expo India

Trina also saw the building of our own PV factory Trina Solar (Xining) New Energy Industrial Park, to further improve industrialization of next generation N type cell technology, guide the industry towards switching to N type, and create greater value for customers Furthermore, to demonstrate Trina’s efforts in the N type technology, Trina broke the world record for the 25th time setting N type module aperture efficiency at 24 24% In other areas such as financial health, Trina has also been financially resilient as we are widely recognized by global financial markets, authorities, and the solar industry for its bankability, high reliability, and solid performance Trina maintains an ‘AAA’ Ranking in PV Tech Q3’22 Bankability Report and 12 products in the Vertex series demonstrated superior performance in UL’s bankability report

In essence, Trina is at steady expansion, creating a market dominating position while committed to renewable energy goals and providing quality solar solutions

market, which will encourage innovation and promote wider adoption, helping the country to meet its goals Trina Solar is committed to supporting the government in its endeavors to meet its ambitious energy goals and empowering its journey to a greener future

India is among the countries which are the most supportive of solar and renewable energy in the world It is believed that the demand is expected to increase in the near future due to its great potential for growth and development and increased support from the government At a recent conference, Union Science and Technology Minister Dr Jitendra Singh expressed confidence in India’s ability to reach the 500GW non fossil fuel energy capacity by 2030 Since Trina Solar arrived in India, the company has shipped more than 8GW of solar modules to the country, contributing significantly to the total installed solar capacity in the country so far Trina Solar welcomes the recent lifting of import restrictions on central public sector enterprises (CPSEs), which will help boost the development of solar energy in the sector We believe in the merits of the open

Could

brief

readers about the Cutting Edge N Type Modules you recently showcased at

REI 2022?

The N type module showcased at the REI Expo is the NEG21C 20, the first 210 N type solutions designed for utility scenarios in India. The dual glass bi facial 210mm solar module offers 685W maximum power output and up to 22 1 percent module efficiency to deliver high customer value, reliability, and energy yield at lower levelized costs of energy (LCOE) and balance of system (BOS) costs Trina Solar strategically develops n type products and continues to lead the next generation of high efficiency n type technology to create greater value for customers Since taking the lead in realizing the mass production of n type modules in 2018, Trina Solar’s high efficiency and high power n type modules have been well recognized by the market

In order to meet the growing demand for 210+ n type solar modules, in 2022, Trina Solar plans an 8 GW production capacity of n type modules, which are all based on Trina Solar’s 210+ N technology, best combining the high efficiency of n type cells and high reliability of 210 Vertex module, bringing premium green technology and perfect aesthetic experience to residential customers

What have been the key developments at Trina Solar this year?

"With a strong emphasis on innovation and a focus on 210R technology, Trina continues to bring the latest modules and technology to the industry. "

What is your opinion about India’s solar industry? How can it become internationally cost competitive?

you

our

Trina tracker Vanguard 1P is a revolutionary product. Please highlight what makes it so special.

The TrinaTracker Vanguard 1P is a 1 in portrait independent tracker with high flexibility for various complex terrains Vanguard 1P adopts the 1P single row design and includes technology advantages that guarantee higher reliability, more significant power generation, the optimized balance of system (BOS) cost, and enhanced adaptability The advanced technology incorporated in the Vanguard equips the tracker with exceptional reliability, excellent O&M efficiency, lower BOS cost, and high energy yield.

The Vanguard 1P attributes its exceptional reliability to these features: a bi damper system for unequivocal assurance of suitability in high winds; optimized torque tube design for tremendous torsional stiffness under wind induced dynamic phenomena; patented spherical bearing which improves terrain adaptability with three dimensional articulation; advanced stow strategies and integrated alarm strategies for completely autonomous protection of the plant in adverse weather conditions such as high wind, snow, flood and hail storms

With excellent O&M efficiency, the Vanguard 1P is equipped with a range of fully qualified cleaning robot solutions from trusted partners for expedient and cost effective module cleaning to ensure optimal plant performance The inclusion of Trina Smart Cloud provides smart O&M with remote monitoring and control, component performance reporting, and remote triage and diagnostic functionality

In addition, the Vanguard 1P also brings about a high energy yield. It is the solar industry’s only fully integrated tracker and module solution, providing the very highest assurance in terms of compatibility and long term performance With SuperTrack Smart Tracking Technology, it results in up to 8% energy increase in heavy cloud conditions and during backtracking on sites with uneven terrain with SuperTrack Smart Tracker Control integration

The N type module showcased at the REI Expo is the NEG21C.20, the first 210 N type solutions designed for utility scenarios in India The dual glass bi facial 210mm solar module offers 685W maximum power output and up to 22 1 percent module efficiency to deliver high customer value, reliability, and energy yield at lower levelized costs of energy (LCOE) and balance of system (BOS) costs "

With regards to the tracker segment, TrinaTracker (Tracker business by Trina Solar) has installed our first trackers in India, Malaysia, and Myanmar in the first half of 2022 We have also signed large module and tracker deals from 160 to 200MW for modules and trackers in New Zealand and Israel We will ship our 650W DEG21 Vertex modules and 1P tracker to a 39MW project in Australia in the first quarter of 2023.

We have qualified multiple local vendors in India for the supply of posts, tubes, and purlins as we begin to execute our decentralization strategy Heavy investment is done to build the team in R&D to take a leadership position in terms of technology and innovation so that our customers can know how TrinaTracker can effectively help them achieve their energy goals such as increasing energy yield and lowering LCOE

Trina Solar is a leader in the 210 technology. The production capacity of solar cells and modules is expected to reach 50GW and 65GW by the end of this year, 90% of that being 210 products Trina Solar has also shipped more than 30GW of 210 modules

Being a world leading PV and smart energy total solutions provider, Trina Solar continues to strengthen its business system centers on core products, such as PV modules, trackers, and batteries, and is expanding solutions for the entire PV system. Trina Solar can offer the industry’s only truly integrative solution of modules, trackers, energy storage, and smart controls to reduce EPC cost and risk, while at the same time unlocking the highest and most assured long term energy outcome for IPPs and long term asset owners in India

How is Trina Solar gearing up for the coming year 2023? What can we look forward to?

Gopal Singh Negi

Service Head, Sungrow India

We have increased our local presence with every new installation and hired the local

Our customized service support will become an icebreaker in the year 2023

We also provide some critical parts along with the supply based on the location and service criticality.

Till now 2022 has been great, almost supplied 3 5 GW in India and been a leader in the PV business Despite of global crunch in silicon chip supply our service team had worked hard to keep up with customer satisfaction We had the biggest and strongest team in India with more than 40+ technical staff We have increased our local presence with every new installation and hired the local team for immediate support We had a local warehouse with engineers to keep customer generation up every time With our hotline service, we had focused on C&I customers where operation related queries need to be addressed and we had well trained customer representatives for it We have focused more on educating customers about products and their related benefits, Sungrow is a customer centric company and to maintain our leadership in the market we focus on customer needs In the RE section, the major pain area is a loss in generation due to malfunction To address this problem Sungrow uses the ESA method, first educating customers which helps to understand the basic operation and troubleshooting We have a hotline service for basic product information and troubleshooting Our humble and polite customer representative can guide you regarding the product and its operations Secondly, for spares, we have local warehouse where we keep critical spares for customer support Thirdly, for attention, we have local engineers who are highly qualified and energetic and available for support 24X7 on site engineers Our team is increasing day by day

In 2023 we are planning to go digital and make our presence more strong in the market For easy connection with customers, we will be available on Whatsapp where customer can register their complaints, collect knowledge and get basic support and for extended support, our executive will connect with customers We won’t make our customers wait in queue We are planning to improve our repair facility with the increased number of the install base We will focus more on customer training about products Our customized service support will become an icebreaker in the year 2023

For the utility, we have products from 200kW to 8.8MW for the C&I market we have from 33kW to 100kW, and for the residential ranges from 3kW to 20kW

To provide high quality services we have 2 bonded warehouses in Chennai and Mumbai which are equipped with ready inverters Along with this we also have 8 warehouses across India equipped with ready inverters and a complete set of spare parts. Adding to this onsite service engineer also have equipped with some critical spare parts so that we can ensure uptime as much as possible

Customer feedback is the most important for us We have an online platform where for every registered complaint we are sharing email links for customer feedback, to make it easier we had QR which will be scanned by customers for feedback Recently, our CSAT score is 95% and we are focusing to achieve 99% of the CSAT in the future

Thirdly, for attention, we have local engineers who are highly qualified and energetic and available for support 24X7 on site engineers.

We also provide some critical parts along with the supply based on the location and service criticality

What are some of the types of Sungrow's inverter solutions? And what are some service facilities provided by them?

How has the year 2022 been so far from Sungrow's services side?

What are the ways Sungrow maintains its leadership in providing efficient services?

What are some new ways and methods you will be adopting in the coming year 2023?

How important is feedback from the client's side? What are the ways you incorporate the same?

"In 2023, we are planning to go digital and make our presence more strong in the market."

team for immediate support

Rahul Morde

Head - Business Development LONGi

CONVERSATION HIGHLIGHTS

We are optimistic that we will reach up to 2 Gigawatts of global supply by the end of this year

For us, innovation is constant and we are proud to say that our dedication and commitment to R&D are unmatched in the PV industry

We invested USD 689Millon in R&D which was close to 5.6% of our operating profit, this is the benchmark for the solar industry

we have managed to supply close to 40 Gigawatts till the H1 of 2022 globally

LONGi’s registered manufactured capacity till the end of 2021 was 50 Gigawatts and it is expected to expand to 65 Gigawatts by the end of this year Apart from module manufacturing, LONGi is the largest manufacturer of wafers LONGi’s wafer capacity stands at 105 Gigawatts presently

Talking about the pricing, I would say the industry has seen a lot of dynamic changes in prices in the last two years because of the drastic increase in polysilicon prices in the last two years along with policy and tariff charges

Gigawatts of the same product and in India, we have already crossed a supply of close to 5 Gigawatts with this product till now

Frankly Speaking, 2022 was very difficult considering the Indian market, however, we managed to supply close to 1 8 Gigawatts as of today We are optimistic that we will reach up to 2 Gigawatts by the end of this year. For the coming year, we are hopeful that some policy relaxation might come and most of the IPPs are also working on different possible ways wherein they can procure the modules overseas So, we are targeting at least a minimum of 2 5 to 3 Gigawatts in 2023

Even though the Indian market was very challenging, LONGi has achieved close to 1 8 Gigawatts in the first half of 2022, and in wafer,

LONGi foresees that there would be some sort of relaxation in the prices, once the polysilicon new manufacturing capacities stabilize and come into operation from Q4 2022 We are hopeful that from Q1 onwards till the end of next year, prices will soften gradually and certainly be available for the Global Market The global demand has increased multifold and that is also during the price up in the Indian market

Talking about new technology at this moment LONGi being a torch bearer with the Mono technology is gradually working on different technologies, be it HJT or N type Our R&D team is working on evaluating other technologies We have recently launched the Hi MO 6 for the global Distributed segment and it is based on LONGi’s high efficiency HPBC cell technology, Hi MO 6 achieves maximum efficiency of 22 8% in mass production

For us, innovation is constant and we are proud to say that our dedication and commitment to R&D is unmatched in the PV industry, last year, we invested USD 689Millon in R&D which was close to 5 6% of our operating profit, this is benchmark for the solar industry

At this moment LONGi is proposing Hi MO 5 module with an M10 wafer size of 182 mm and this is a kind of established product for us in India Globally we have supplied over 41

What kind of new products and technology will LONGi launch this year or next year?

What has been the Module Manufacturing Capacity of LONGi?

What is the quantity supplied in India this year and expectations for the upcoming year?

How is your Pricing and Technology Roadmap?

"LONGi has supplied close to 20 Gigawatts in the first half of 2022, and in wafer, we have managed to supply close to 40 Gigawatts till the H1 of 2022."

We are optimistic that we will reach up to 2 Gigawatts by the end of this year.

Idrish Khan

Chief Technical Officer, Ginlong Solis

"Solis has supplied 2GW+ of cumulative inverter capacity including all (Residential + C&I + Utility) projects across the country. "

CONVERSATION HIGHLIGHTS

The S6 EH1P(3 6)K L low voltage energy storage hybrid inverter is designed perfectly for residential rooftop installations with multiple array orientations and is compatible with high power and bifacial solar panels Solis has been catering to the Indian market for the past 6 years and has developed a stronger partnership with our customers, EPC, and developers which helps us if any new compliances are there to follow Better service and shorter response times have been key drivers for our growth story here in India.

Since the inception of Solis India back in 2016, Solis has supplied 2GW+ of cumulative inverter capacity including all (Residential + C&I + Utility) projects across the country As the Indian market for the last 1 decade has shown a great focus on On Grid products, that was the primary product Solis has supplied for the Indian market now, as policies are being introduced for storage, Hybrid & off grid projects, Solis has also worked on the same and developed the same and introduced Hybrid & off grid inverters for the Indian market

These newly updated inverters are the result of Solis’s in depth analysis of market and customer demands

Solis has a clear focus to do continuous product development and improvement based on market trends and requirements At the REI expo, we displayed our new S6 single phase and S5 in Three phase models, which come with great compatibility with High watt peak PV modules like (500watt to 650watt) PV modules As global PV module manufacturing is shifting from 185mm wafer size to 210mm wafer, the industry has seen great advantages to optimize the project LCOE. Solis S6 & S5 models are now capable to handle higher DC current from PV string And some other features like DC Arc fault detection, identify any DC Arc fault which happens during new solar plant installation and commissioning Below are some of the key features for better understanding

Compatible with High watt Peak & bi facial PV module technologies.

DC Arc fault detection functions

String level monitoring

Type II DC and AC over voltage protections

DC reserve polarity protection

DC: AC ratio up to 150%

Energy storage is an ideal solution to help compensate for an unstable power grid and protect from ever increasing energy prices The S6 EH1P(3 6)K L low voltage energy storage hybrid inverter is designed perfectly for residential rooftop installations with multiple array orientations and is compatible with high power and bifacial solar panels Compatibility with multiple globally recognized battery brands gives customers optimum choice and installers flexibility around the supply of compatible products It’s integrated with multiple protection and fault finding systems to ensure the safe running of the system and gives ultimate peace of mind to homeowners

Solis off grid inverter S5 EO1P(4 5)K 48 is designed for areas without power grids or areas with frequent power outages It supports the parallel operation of up to 10 units, and a system of up to 50kW Exquisite appearance and compact structure make installation more convenient Integrated with multiple protections and fault monitoring to ensure the safety of batteries and equipment

Solis has always kept a focus on continuous product development by focusing on the product in terms of Quality, Reliability, and Performance These three factors are the major ones, where we improved Solis’s product to the 6th Generation, with below mentioned key features which are very useful for any solar project

Enhance DC input current for high watt peak module

DC Arc fault detection functions

String level monitoring improves quick decisions on O&M activities

Type II DC and AC over voltage protections

DC reserve polarity protection

DC: AC ratio up to 150%

Instance control on output total Harmonic distortion to 1 5%

Enhance inverter conversion efficiency by up to 99%

Smart cooling control concept

Flexible in designing the solar system by being compatible with a Y type DC connection

What are the latest product offerings that Solis brought to its Indian customers during the REI and what are their key specialties?

With the expansion of its product portfolio, Solis has established a strong foothold in the Indian market

What has been Solis’s journey of growth in India? What kind of technological shift have you seen since the start?

What is Solis’s current installed capacity, both on grid and off grid?

With the expansion of its product portfolio, Solis has bli h d ng foothold in market."

Solis is regarded as the best product in Indian Market, we comply with all the rules and regulations listed by MNRE the Government of India as well as a few more required by different State Governments Keeping the quality at the top we are able to get the certifications like BIS very easily and were the first to get all portfolio products covered under this notification Hence, we didn’t face any major hurdles even being a foreign player

Solis has been catering to the Indian market for the past 6 years and has developed a stronger partnership with our customers, EPC, and developers which helps us if any new compliances are there to follow This is because of our long term commitment towards our customers and they indeed cooperate very well with their support

Another important aspect of the acceptability of our products is Innovating and developing solutions for the customized needs of the Indian market Residential and Utility not only require standard and advance features but also sometimes require specific product basis the geographical location or grid Solis Inverters R&D team handles these requirements very proficiently and hence we see great results in terms of better acceptability for our brand here in India

Better service and shorter response times have been key drivers for our growth story here in India We have the best trained personnel with vast experience to handle any situation in an optimized manner.

Solis has not only been recognized for championing sustainable and responsible business practices but also for its immense contribution to the welfare of society

organizations and its website to raise awareness about environmental issues and concerns Solis will continue to fulfill its corporate social responsibility commitments even in the future by actively contributing to society and devoting itself to public welfare

In the last few years 2020, 2021, & 2022 we have seen COVID hit the world and saw various challenges and difficulties in terms of supply chain and country lockdown In fact globally IC chips and Semiconductor, IGBT have still not come back on track in terms of fulfilling the industry demand, due to which we have seen an increase in PV module prices Due to these reasons big projects are on hold or waiting for some GOI support or waiting for some reduction in costs In spite of all these factors, Solis has managed to make good sales and has touched satisfactory numbers And, if things keep getting improved in the raw material supply chain then probably most of the projects which were on hold in the year 2022, will be back on track where we feel Solis would be able to grab a good amount of share based on past supply history

Some of the initiatives undertaken by Solis include helping the less fortunate, fighting COVID 19, and participating in photovoltaic poverty alleviation programs The company donated $155,000 in early 2020 to combat COVID 19 It also donated large quantities of medical supplies to the frontline medical staff. Solis has donated $465,000 in scholarships to universities and colleges, as well as donated inverters for several non profit photovoltaic projects

Solis is committed to its success and continues to live up to its Corporate Social Responsibility commitments as well Solis’s cumulative shipment of 30GW+ is equivalent to the annual contribution of more than 36 billion degrees of green electricity, reducing carbon dioxide emissions by nearly 35 88 million tons, which is equivalent to planting nearly 19 56 million green plants on earth

Solis has been at the forefront when it comes to meeting its Corporate Social Responsibility commitments. It uses public media, professional

Since its inception back in 2017, Solis is now well structured in India for supporting Indian customers and their projects. This is the 6th year for Solis in India as we have HQ in Mumbai and regional offices in Delhi, Bangalore, and service stations at Jaipur, Bhopal, Assam, Ahmedabad, Pune, and Cochin In the coming year, we will be expanding our service station in the eastern part of the country in states like West Bengal Odisha, Jharkhand & Andhra Pradesh We are having 7 service warehouses across the country as of now and plan to establish 2 more service warehouses to keep service stock for providing quicker service support to our customers Solis has always focused on giving the best in class after sales support With regard to the same, to support the customer after the warranty period we are also coming up with Repair centre where we can offer inverter repair service for products that have exhausted the standard factory warranty period

What is Solis’s market share target for the Indian market in FY 23?

projects

Kindly shed some light on the significance of the Green Leadership Award 2022 that Solis recently won.

Is there any investment/expansion plan for the Indian market in the near future?

What are some challenges you face in the Indian solar industry being a foreign player?

Divyesh Parmar

Sales Manager India, Elum Energy

CONVERSATION HIGHLIGHTS

Having completed 50+ storage projects with major BESS providers globally, we plan to make use of our experience in BESS projects in South Asia. With the shift from solar only to solar + storage solutions, we offer a fully compact and competitive product to establish the behind the meter storage market

In 2023 we are expecting to go even further Our distributor network will expand to North India, South India, and East India by Q1 2023.

2022 has seen tremendous growth for the company With 60 employees worldwide, Elum Energy has already equipped over 1000 sites in more than 50 countries Our company covers more and more countries in South Asia, including India, Pakistan, Sri Lanka, and Bangladesh, where we observe steady growth for Solar Diesel Integration controllers due to the rise in fuel prices and anticipate strong interest in BESS projects Thus, we have successfully established ourselves in the market with great projects such as a solar diesel integrated rainforest resort, goods factory, and washing plant to name a few Additionally, we are working on several utility scale solar projects following CEA regulations in 2023 We will provide our PowerPlant Controllers with SCADA, our monitoring and control system for large scale power plants, designed to meet the needs of the Indian market and comply with network codes

ultimately lead to an increase in EMS and SCADA demand Having completed 50+ storage projects with major BESS providers globally, we plan to make use of our experience in BESS projects in South Asia

An example of this is a project we completed earlier this year at a bottling facility in Cambodia We added ePowerControl MC to a hybrid system of solar energy and battery storage The battery is used for grid forming, while the diesel generators in the grid follow Our control solution eases solar battery integration while maximizing PV penetration

Our controllers are plug and play and brand agnostic. They can adapt to various applications from self consumption to grid tied utility scale projects Since most projects in India are grid tied, our controllers are pre installed with standard requirements such as Peak Shaving, Time of Use Management, DG Mitigation, Voltage and Frequency Regulations to facilitate smooth installation

Additionally, users can configure their parameters remotely with our e configuring tool Which brings autonomy to the client and allows ease of implementation We are also deploying a large network of partners to ensure strong local support

In 2023 we are expecting to go even further. Our distributor network will expand to North India, South India, and East India by Q1 2023. Our products will be more available in the local markets covering a large number of applications

For more information, feel free to visit our website at www.elum energy.com

We anticipate that the government target of 500GW by 2030 in renewable energy will boost different market segments of solar, especially for C&I and utility scale projects Besides, the Indian market is poised for steep growth in the Battery Storage sector The PLI (Production Linked Incentives) schemes and the government's interest in "Make in India" storage will attract many new customers to replace or minimize the use of diesel generators Made in India storage will also reduce the cost of batteries, which make up a significant portion of the project's cost

ndia is expected to ects, which will

In 2022, we launched ePowerControl ES, enabling us to successfully handle small and medium scale storage projects ranging from 100 KWh to 300 KWh in India, where energy storage systems are expected to be of interest With the shift from solar only to solar + storage solutions, we offer a fully compact and competitive product to establish the behind the meter storage market

In addition, the new version of our monitoring platform ePowerMonitor will help the O&M and Asset management teams to keep their plant performance and KPI in check Our data visualization platform can monitor the performance of power plants with multiple energies giving users a comprehensive understanding of their site

Our control solution eases solar battery integration while maximizing PV penetration.

How are your customers going to benefit from your product?

How has the year 2022 been for your company overall?

What is your outlook on the Indian solar market in the next couple of years?

What products have you recently launched?

"With 60 employees worldwide, Elum Energy has already equipped over 1000 sites in more than 50 countries."

Venkata Ambati NK

Service Director, FIMER

CONVERSATION HIGHLIGHTS

Our

FIMER takes pride in its service staff, who are available round the clock to assist the customers Our dedicated team of professionals is well trained and can provide the best service through the toll free number FIMER has a network of service engineers that are distributed across India and around the world Customers can get customized support from our flexible support team, according to their needs

Each issue is assigned a number to ensure effective tracking and resolution Along with this, a monitoring portal is available for string inverters We also have local repair centers that provide fast service

FIMER is known for its ability to support clients in difficult weather conditions, such as deserts, low level seas and high altitudes. Our team conducts extensive field failure analysis for every project FIMER’s engineers have an average of 12+ years of field experience

We have recently commissioned more than 200 MW of multiple sites in less than a week Multiple Battery Energy Storage System (BESS) areas were also built in India

After sales support is an integral part of FIMER’s work culture We have expanded our after sales service portfolio to offer better customer value

Our upgraded service offering includes

Customer service that’s faster than ever Rapid shipment. Latest training programs Complete support for upgrades and retrofits

And much more

FIMER’s service executives are self motivated and offer solutions based on their extensive experience in this industry For customer support, our dedicated regional managers/engineers are available at all times TAT and RT are both up to date, thus meeting customer requirements For the fastest support, spare hubs are readily available We are proud to say that we have not had any claim in the past 10 years under our uptime warranty!

FIMER’s local training program ensures that staff are well trained and develop their skills Our inverters are designed such that they can be used by any engineer with basic training We also have a dedicated Product Development e global technical e in India

FIMER has supported a large market installed base for the past 10 years FIMER will continue this trend The solar industry is dynamic and constantly changing Over the past 10 years, we have seen many changes in the inverter range It started out with 250 KW Now it is 5 MW and there are many variations to suit different plant sizes Because of generation availability and guarantee, customer satisfaction is the most important aspect of the solar industry. FIMER has ensured the availability of all products to customers for the past 10 years, despite the fact that there is not a lot of support for older products and parts maintenance

FIMER provides fast support and service to meet generation guarantees We will continue this process FIMER will continue to support all traditional products by converting them into next generation platforms We are the best alternative in the market to replace any kind of competitor products. Customers will continue to have confidence in our products because of our best in class service We will strive to be the best choice for any type of product requirement

What can we look forward to from FIMER?

Service is the backbone of FIMER

What are the key service highlights of FIMER?

How important is service for FIMER? How is it different from others?

Tell us about your experience in this field.

How has service evolved over the years in the solar industry?

"We have recently commissioned more than 200 MW of multiple sites in less than a week."

We are proud to say that we have not had any claim in the past 10 years under our uptime warranty

inverters are designed such that they can be used by any engineer with basic training

FIMER is known for its ability to support clients in difficult weather conditions, such as deserts, low level seas and high altitudes

We are proud to say that we have not had any claim in the past 10 years under our uptime warranty!

Juhi Marwadi

CONVERSATION HIGHLIGHTS

The organization additionally intends to provide energy to both domestic and international power producers in order to align the energy ambitions with supply goals.

PIXON also has a 1 GW manufacturing line for EVA Film and other materials to meet the needs for quality.

We plan to introduce Topcon, Mono Perc/N type, Multi Busbar high Wp, and BiB modules in the future, in addition to a 2 GW expansion of our production line

The technology for solar energy has advanced more in recent years The development has been triggered by growing awareness of a potential environmental collapse, energy insecurity, and rising living costs It is projected to continue over the next few years At the core of the world’s quick shift away from resilient fossil fuels and toward clean, renewable energy sources is a reduction in carbon dioxide (CO2) emissions

As a result of this global energy transition, the generation of solar photovoltaic (PV) power has been constantly rising As the world adheres to the solar energy revolution, PIXON envisions:

To globally provide efficient solar energy products and solutions.

Contribute to and enhance Global Climate Sustainability

Due to the company’s forthcoming Multi Busbar and Topcon production lines, it expects further developments in its supply chain across all of India PIXON also has a 1 GW manufacturing line for EVA Film and other materials to meet the needs for quality

We plan to introduce Topcon, Mono Perc/N type, Multi Busbar high Wp, and BiB modules in the future, in addition to a 2 GW expansion of our production line

Obstacles and risks are part of any organization. As an organization, PIXON believes that the lack of a unified policy and issues with implementation is one of the biggest challenges we face as an Indian manufacturer of PV There are also a plethora of problems that need to be fixed, including eliminating delays in land acquisition, inadequate R&D spending, and many others The Indian government is steadily making progress toward meeting its objective of 450 GW of clean energy power generation in the coming years while suffering significant setbacks as a result of the country’s solar energy challenges

Incredible technology has emerged as a result of the solar industry’s rapid expansion Consumers today can choose from a wide range of systems, from an ever expanding list of technologies that gets bigger every year

Solar energy is expected to play a major role in expanding renewable energy sources during the next few years In comparison to now, solar energy’s capability would practically treble Future estimates for renewable energy are likely to rise, and solar energy will also experience significant growth.

PIXON products stand through their performance and quality. PIXON solar modules are robust and tested to withstand extremes of weather conditions PIXON provides a wide range of modules under different categories PIXON has a turnkey manufacturing line of 1 GW for EVA Film The PIXON’s PID free EVA films provide higher productivity and lower shrinkage.

PIXON’s industrial entity is well spread and equipped with smart tech to enhance processes and security

Backward Integration High quality raw material production for quality control

Ready for delivery & dispatch Smart and spacious warehousing stacking 20+ MW of modules & raw materials

Minimum Human Intervention from glass loading to packing, decreasing the risk of microcracks in manual handling and extending module life and efficiency

Controlled Environment Production Facility for Module and EVA films which result in good quality of the product Automation First in India to have 400 MW of turnkey manufacturing line.

Quality In house advanced technology to provide certifications for quality tests

PIXON believes in advancing with the latest technological developments in the market. PIXON has an exclusive array of Multi Busbar Modules with 1 GW capacity manufactured with the latest European technology

Solar energy is expected to play a major role in expanding renewable energy sources during the next few years In comparison to now, solar energy’s potential would practically treble Future estimates for renewable energy are likely to rise, and solar energy will also experience significant growth The organization additionally intends to provide energy to both domestic and international power producers in order to align the energy ambitions with supply goals

Director, PIXON Energy Ltd.

"PIXON has an exclusive array of Multi Busbar Modules with 1 GW capacity manufactured with the latest European technology."

What are some recent company updates at Pixon Energy?

As an Indian PV manufacturer, what challenges do you face?

What are some upcoming solar technology trends we are likely to witness in the coming year?

How is Pixon Energy gearing up for 2023?

Tell us about the USPs of your PV modules?

PIXON also has a 1 GW manufacturing line for EVA Fil d th materials to or quality."

CONVERSATION HIGHLIGHTS

We have been able to detect panel degradation along with its root cause at a very early stage for a plant in Rajasthan We have successfully provided long term forecasting for solar & wind assets with over 99.5% accuracy to a client in India

We will be releasing 2 new products in the first quarter itself that will enable an AI based ticketing system and intervention assessment to provide even more peace of mind to our clients.

Shankaransh Srivastava

VP Marketing and Customer Success, SmartHelio

Different markets have different needs and at times the requirements within the same segment of the market differ Therefore, at SmartHelio we built an extremely modular solution, ensuring that our customers can pick and choose from a wide range of our analytics modules. For example, in India, we see our Dynamic Cleaning Scheduler, module level real time analytics, etc in more demand, whereas in Europe and USA there is a popular demand for our maintenance resource optimization module Currently, we offer SaaS and licensing of our software solutions to our worldwide clientele

Solar energy largely has 2 innate limitations: module efficiency and the ability to produce stable round the clock power. The global scientific community is acting to solve these issues by testing different materials to build panels and efficient energy storage solutions But an exponential surge in technologies will be seen in Asset Performance Management (APM) solutions The innovation and speed in solar asset construction are far higher than the innovations and proactiveness with which we can currently manage the health of these assets. We need to catch up and we must do it fast

We have improved cleaning efficiency by 80% for a plant in Maharashtra This also included studying the effectiveness of cleaning by their 3rd party vendor and the effectiveness of different cleaning methods

We have successfully provided long term forecasting for solar & wind assets with over 99 5% accuracy to a client in India

The basic function of a digital twin is to create a benchmark that is to measure the expected performance of a plant For an Asset Manager, it's important to know the maximum expected performance of their solar assets at a particular location, given its age, considering all non recoverable losses (including design issues), climatic factors, etc This expected performance keeps changing and our digital twin adapts dynamically to give a clear picture of the plant's health to Asset Managers. This benchmark and anomaly detection ultimately makes sure that asset managers are acting proactively to maximize the uptime of their assets

Primarily we focus on providing peace of mind to asset owners. We are immensely proud of some use cases which I can share:

We have been able to detect panel degradation along with its root cause at a very early stage for a plant in Rajasthan This helped our client proactively claim a panel

We predicted inverter failures in 11 plants across 4 different counties Collectively, inverter based predictions saved $78’000/day loss

The solar industry will experience a very different SmartHelio in 2023 We will be releasing 2 new products in the first quarter itself that will enable an AI based ticketing system and intervention assessment to provide even more peace of mind to our clients One of the products would be mainly for the North American market to support the construction of new and resilient PV plants. We will expand to 5 more countries by mid 2023 and expand our team by 50%

What solutions and offerings does SmartHelio have for different market segments?

How will SmartHelio's Digital Twin better assist asset managers?

"At SmartHelio, we built an extremely modular solution ensuring that our customers can pick and choose from a wide range of predictive analytics modules to empower their existing infrastructure"

warranty

What are some upcoming technologies that will play a significant role in the solar field?

What have been some noteworthy projects for you that have showcased outstanding performance?

How is SmartHelio gearing up for 2023?

CONVERSATION HIGHLIGHTS

We announced a host of strategic plans in preparation for COP27 and this included our commitment to become a net zero company by 2030 in addition to defining a target to mobilize up to 1 billion offsets within the next 5 years (by 2027)

India has a long way to go to establish concrete steps for climate action and sustainability. The growth of the carbon market can enable greater emission offset in the country

The increased focus of the Govt to establish a well structured National ETS is expected to enable the market to flourish further

Manish Dabkara

Chairman & MD, EKI Energy Services Ltd.

A successful COP27 will ensure that all aspects of climate change initiatives are progressively discussed and agreed upon, which will increase the focus to bring together the entire world as one team to rehabilitate the planet The meeting has been the best platform for the launch of imperative measures for successful climate projects.

On the carbon market front, this year has been a step up from last year There have been many carbon market centric announcements like the US lead ‘ETA’ The progressive detailing of implementation modalities of the Paris Agreement especially Article 6 is expected to further internalize the measures towards social and economic improvements along with climate action; and make environmental and social attributes a part of regular business decision making, which was lacking inherently from the earlier developmental model

We geared up our journey to COP 27 starting in April of this year as we imbibed a new brand identity that focuses on our vision to steer the planet to a net zero future We also announced a host of strategic plans in preparation for COP27 and this included our commitment to become a net zero company by 2030 in addition to defining a target to mobilize up to 1 billion offsets within the next 5 years (by 2027).

As climate action continues to witness increasing attention globally, and countries worldwide come together for climate action, a carbon credit is witnessing increased demand and as a popular offset mechanism This growth can be seen in India as well

India’s pledge to achieve net zero emissions by 2070 has also provided an impetus to significant climate action within the country and the momentum is now set to accelerate further as more and more businesses and organizations become active in cutting emissions using offsets

The topic of climate change has been gaining momentum in India, with major corporates actively considering the environmental impact while doing business The creation of a robust carbon credit market in India would imply an increased demand for credits amongst India Inc. The renewed focus on controlling GHG emissions and moving towards carbon neutrality, with specific milestones/ targets is expected to encourage increased private sector participation in combating climate change These commitments of India Inc towards carbon neutrality would drive the demand for voluntary carbon credits in India in the years to come The annual demand for voluntary carbon credit in India is expected to touch 500+ million units by 2030

India has a long way to go to establish concrete steps for climate action and sustainability The growth of the carbon market can enable greater emission offset in the country Govt has been instrumental in the growth of the market in India The Bureau of Energy Efficiency (BEE), which is a part of the Power Ministry in India, is developing a new cap & trade mechanism that has the potential to get converted into a mandatory program soon in India as well The increased focus of the Govt to establish a well structured National ETS is expected to enable the market to flourish further

Govt can implement some important measures to establish a transparent and vibrant carbon market, which will help provide an indexing facility that can be leveraged for green/ carbon finance instruments, facilitating India’s carbon neutral growth path and helping in attaining its NDC goal

A national legislation by Parliament to pave the path for the formation of requisite market systems and legitimization of the National Carbon Registry & National Carbon Market to meet the country’s commitments under Nationally Determined Contribution (NDC)

Respective line ministries, which may include MOEFCC, MoP, MoF, Ministry of Commerce and Industry etc to effectively form the national policy for the formation of the National carbon market

Regulation to be brought in on an urgent basis to formulate the rules for the operation of a such carbon market The market should be effectively sunk with the National Carbon Registry & international Centralized Accounting & Reporting Platform (CARP) of UNFCCC

According to you, what are the important factors that need to come together to deliver a successful COP27?

"We are a market leader with our differentiated offerings and one stop destination for all things related to carbon markets that enable significant carbon offset. "

What are the main priorities and challenges you perceive in India with respect to climate action?

According to you, what are the major steps that India needs to take in the next five to eight years toward sustainability?

Effective level playing field to support private sector participation in the origination of carbon emission reductions (projects) and country endorsement to participate in International Voluntary Carbon trading, bringing the requisite FDIs in India to fun quick adoption of novel carbon neutral technologies and processes

In recent future, with the advent of operational modalities under Article 6 Supervisory Body of UNFCCC and its administered International Carbon Registry (CARP), the Indian National Carbon Registry should effectively be linked on a real time basis with International Carbon Registry

The rehabilitation of the planet is at the core of team EKI We are a market leader with our differentiated offerings and one stop destination for all things related to carbon markets that enable significant carbon offset With our net zero commitment, we will now take climate action in India to newer heights by enabling the country to fast track the stride to its net zero commitment by the year 2070 With 3000+ customers across 40+ countries, we champion carbon offset solutions and offer an exhaustive bouquet of end to end sustainable solutions for climate change and carbon offsets We are growing stronger each day even as we continue aligning economic recovery with long term sustainability through our offerings to help develop a climate resilient global economy.

As of date, we have supplied 180+ million credits globally This year has been phenomenal for us as we achieved some amazing milestones:

We became the first ever company to list a Plastic Project from India with Verra a global accreditation standard located in Washington, USA

We partnered with Singapore based ICAM (Impact Capital Asset Management Pte Ltd ) to launch an Rs 1000 crores (USD 125 Mn) Climate Impact Fund to develop GHG mitigation projects with a deep focus on community development across the globe Our subsidiary GHG Reduction Technologies Pvt. Ltd., has completed the capacity expansion to achieve one of the highest production capacities in the world

Our manufacturing plant, located in Nashik, now, has the capacity to manufacture 5 million improved cookstoves per year, the highest ever in the biomass category Our green cooking initiative continues to drive community upliftment while also helping in the generation of high quality carbon credits We have distributed 500,000+ cookstoves to date within India

We are now geared up to contribute more significantly to the planet’s journey to a net zero future

With a torch held high to steer the planet to a greener & safer tomorrow, EKI has been aggressively promoting advancements in the climate sector to help fasten the pace to net zero We are a one stop solution for carbon management starting from the registration of projects to their verification, global accreditations, and monetization of credits and other environmental derivatives We plan to continue steering the planet to net zero even as we continue to enable community development and biodiversity conservation and inspire more & more companies to implement green initiatives to reduce their carbon footprint As industry challenges ease, the sector will witness massive growth and we are all geared up to make the most of its potential In the next years, team EKI will continue to achieve newer heights in the climate sector even as we continue to stride the planet to a greener future.

With our net zero commitment, we will now take climate action in India to newer heights by enabling the country to fast track the stride to its net zero commitment by the year 2070 "

How is EKI focusing on contributing towards the climate goals?

What can we expect from EKI in the next 5 years?

We geared up our journey to COP 27 starting in April of this year as we imbibed a new brand identity that focuses on our vision to steer the planet to a net zero future."

Ji Dehai

R＆D Director, Ningbo Deye Inverter Technology Co Ltd

CONVERSATION HIGHLIGHTS

In 2022, Deye’s shipments of its Micro Inverter are expected to exceed 750,000 units.

NINGBO DEYE INVERTER TECHNOLOGY CO LTD will optimize the existing grid connected machine’s functions, and make the optimized machine version more compact and lightweight

In 2021, the revenue growth rate of Deye’s optical storage business reached 262%, and the profit accounted for 50%+.

In 2021, the revenue growth rate of Deye’s optical storage business reached 262%, and the profit accounted for 50%+, of which hybrid/grid tied/micro inverter accounted for 45.2%/45.7%/9.1% respectively. In 2022 inverter products are expected to achieve a revenue scale of 565 million dollars

SUN 50K SG01 three phase hybrid inverter series

In case of the device is compatible with a diesel generator, and can be equipped with Twenty sets of batteries at most The inverter can charge from the grid during off peak and discharging at peak can be profitable

SUN 50K SG01 three phase hybrid inverter series. With the unique “Smart load” and AC Couple features, the Deye hybrid inverter can use the diesel generator port as the “Smart load” output port and “AC couple” connection port, which significantly improves the machine’s intelligence and application scenarios

In 2022, Deye’s shipments of its Micro Inverter are expected to exceed 750,000 units, the shipments of its grid tied to exceed 250,000 units, and the shipments of its hybrid inverter to exceed 330,000 units, with a year on year increase of 242 6% in total annual shipments

Deye has started to promote its own brand and aims to become a market leading company in India NINGBO DEYE INVERTER TECHNOLOGY CO. LTD will optimize the existing grid connected machine’s functions, and make the optimized machine version more compact and lightweight And Deye will improve sales and pre sales and after sales teams, providing better service for our users

The inverter can charge from the grid during off peak and discharging at peak can be profitable."

What is your outlook on India’s inverter market for 2023 and how are you gearing up for the same?

Please highlight some of the recent developments and updates at Deye.

What are the unique features of your recently launched 50kW Hybrid Inverter?

Do you plan to launch more products in the coming year?

Would you like to highlight anything about your company’s performance and financial results for this year?

"In 2022, inverter products are expected to achieve a revenue scale of 565 million dollars."

Chinese solar giant LONGi breaks world record for silicon solar cell efficiency

China’s solar giant LONGi Green Energy Technology Co , Ltd (LONGi) announces in Xi’an, Shaanxi, that the company has achieved a new breakthrough efficiency of its silicon solar cells According to the latest certification report of Institut für Solarenergieforschung in Hameln (ISFH), the company has set a new world record efficiency at 26.81% for its HJT silicon solar cells on full size silicon wafers through mass production

At the ceremony, Martin Green, a professor at the University of New South Wales in Australia, who is known as the ‘Father of photovoltaics’, announced via video that 26 81% is currently the world's highest silicon solar cells efficiency record to date. “This outstanding achievement will be include in the next version of efficiency tables that published in the progress in photovoltaics ” He said, via the video As far we know, this is the latest world record since a Japanese company set the efficiency at 26 7% in 2017 This is the first time in the history of photovoltaic industry that a Chinese solar technology company has set the world record for silicon solar cell efficiency

“Improving the efficiency and reducing the LCOE (levelized cost of energy) is the eternal theme of the development of photovoltaic industry Solar cell efficiency is the beacon of photovoltaic technology innovation Every 0 01% improvement in solar cell conversion efficiency requires enormous efforts In particular, crystalline silicon solar cells account for nearly 95% of the current photovoltaic market, so the ultimate efficiency of crystalline silicon solar cells also shows the development potential and direction of the photovoltaic industry, which is of great significance in the entire photovoltaic industry,” said Li Zhenguo, Founder and President of LONGi, while speaking at the event

Dr.Xu Xixiang, Vice President of LONGi Central R&D Institute, said that breaking the world record was a milestone in the history of China's photovoltaic industry, which not only fully demonstrated the scientific and technological strength of China's photovoltaic enterprises in silicon solar cell manufacturing, but also strongly boosted China's confidence and determination to become a major player in the world in more scientific and technological fields.

Since June 2021, LONGi’s R&D team has continuously broken the world record of HJT solar cell conversion efficiency, increasing it from 25 26% to 26 81%, realizing the miracle of 1 55% increase in one year and four months In particular, in just over a month, LONGi broke a new world record for silicon solar cell conversion efficiency with 26 74%, 26 78% and 26 81% respectively, which further affirmed LONGi's determination to continuously focus on R&D investment and promote industrial progress This world record of large size rare in the entire history of

About LONGi

Founded in 2000, LONGi is committed to being the world’s leading solar technology company, focusing on customer driven value creation for full scenario energy transformation

Under its mission of 'making the best of solar energy to build a green world', LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modules, commercial & industrial distributed solar solutions, green energy solutions and hydrogen equipment The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development www.longi.com

LONGi's new world record in silicon solar cell conversion efficiency has received attention from the International Energy Agency (IEA), the Energy Transformation Commission (ETC), World Business Council for Sustainable Development (WBCSD), and industry associations like Smart Energy Council (SEC) in Australia, Renewables in Africa and Association of Chile Energy Solar The approach and enthusiasm of LONGi and Chinese solar enterprises to continuously focus on and push the boundaries have also been completely acknowledged by the world stage

At 26.81%, LONGi sets a new world record efficiency for silicon solar cells

Solis Boosts India’s Target of Renewable Energy Development

The Renewable Energy India Expo 2022 (REI 2022) concluded its three day run in Greater Noida, Uttar Pradesh from September 28 to 30, 2022 Solis used the platform to highlight its technical strength by showcasing its hybrid inverter portfolio and intelligent PV solutions aimed at supporting India's goal of developing renewable energy

Catering to India’s Energy Needs

India, as the second most populous country in the world, has an unprecedented demand for electricity, and currently, coal is the main source of energy for the country However, the challenges of insufficient power supply and environmental pollution are relatively serious, and the development of renewable energy is the optimal solution to address problem

Going ahead India is expected to install about 20 GW of new solar capacity in 2022, including 16 5 GW of utility scale capacity and 3 5 GW of rooftop PV, according to JMK Research Additionally, India will invest $223 billion to reach its goal of installing 280 GW of photovoltaic and 140 GW of wind power by 2030

For India's domestic PV investment target, the intelligent photovoltaic solutions brought by Solis, one of the most seasoned and significant producers of string inverters in the world, can well satisfy the needs of the Indian market. Because the products on offer boast of high efficiency, intelligent operation and other promising characteristics, the exhibitors were attracted to stop by and learn

Innovative Products on Offer

This time, Solis brought its single phase and three phase PV products for inverter and energy storage solutions to the exhibition The products covered a variety of scenarios, from single phase household inverters S6 GR1P(0 7 3 6)K M and S6 GR1P(2 5 6)K to commercial and industrial three phase inverters S5 GC(50 70)K and S5 GC(100 125)K, and the utility scale Solis (215 255)K EHV 5G, etc

Attracting the attention of exhibitors, in addition, was also the energy storage inverters S5 EO1P(4 5)K 48 P. The intelligent inverters with high reliability, low loss, fast response time and grid friendly products displayed by Solis provide product support for the Indian market and supplement the power needs of the customer

The world economy is placing a greater premium on sustainability, green markets With this view, Solis will continue to adhere to its mission of ‘Developing technology to power the world with clean energy’, while also continuing to provide better solutions for customers and the market as far as photovoltaic power generation is concerned. It has pledged to build on its momentum of innovation driven development, and make sustained efforts in the international new energy market to help curb carbon emissions worldwide

About Ginlong (Solis) Technologies

Established in 2005, Ginlong (Solis) Technology Corporation (Stock Code: 300763 SZ) is one of the world’s largest and most experienced solar inverter manufacturers. The company provides cost effective solutions for homes, businesses, and large scale power plants delivering value at every level of the solar supply chain that appeal to both homeowners and businesses, as well as electricity producers and renewable energy investors globally Combining a global supply chain with world class R&D and manufacturing capabilities, Ginlong optimizes Solis inverters for each regional market, serving and supporting its customers with a team of local experts. The company aims to work with stakeholders to accelerate the world's journey towards a more sustainable future

more information visit www solisinverters com

The company aims to work with stakeholders to accelerate the world's journey towards a ustainable future.

Low carbon development has become a global megatrend The International Renewable Energy Agency forecasts that solar PV capacity will reach a total of more than 14,000GW by 2050 in a 1 5°C scenario Solar energy’s key advantage over conventional sources of energy is its ability to reduce LCOE According to BloombergNEF, solar LCOE has fallen 84% over the past 10 years

Trina Solar, adopting a user centered approach, has steadfastly advocated the LCOE oriented principle, that of reducing LCOE in PV power stations with high power, high efficiency, high reliability and high energy yield Dr Franck Zhang, Trina Solar’s head of product strategy and marketing, says the Vertex 600W+ module is a product that fully meets the four keys to unlocking low LCOE

Almost all top solar companies have developed 600W+ products, as evidenced in recent events such as Intersolar South America and Intersolar Europe, with about 30 companies exhibiting more than 40 600W+ modules With various products on the market, the solar sector has entered the 600W+ era

In a recent interview, Franck Zhang talked in detail about 600W+, the significance of the LCOE oriented principle, new technology trends and responding strategies, and Trina Solar’s strategic positioning and planning

: Trina Solar is the first solar company to elaborate on the LCOE oriented principle from a systemic perspective. What is the strategic significance of this principle to Trina Solar?

Franck Zhang : The LCOE oriented principle is the result of our real world experience The development of the solar industry proves that what we call the four keys are essential for reducing LCOE By putting forward the LCOE oriented principle we hope to boost R&D and commercialization of products that meet the LCOE oriented principle, for high quality and sustainable development of the PV industry.

: What are the advantages of 600W+ modules in energy yield from a full life cycle perspective, and could you tell us about some empirical test data regarding this?

Franck Zhang : The energy yield advantage of 600W+ modules comes from excellent low irradiation performance We consider an irradiance range lower than 1,000W/m 2 as low irradiation because STC is taken under an irradiance range of 1,000W/m 2 Globally we selected outdoor test sites from high, middle, and low latitudes Results show that the energy yield of 600W+ modules is superior to that of reference modules, with an increase of 1 4 2 24% at 800W/m 2, and about 0 8% under 800 1,000W/m 2 If the irradiation range is above 1,000W/m 2 there is no obvious gap in energy yield between 600W+ modules and reference modules As in typical regions of the world, the irradiation range is less than 1,000W/m 2 about 90% to 99% of the time, and 600W+ modules have the edge in energy yield in most areas

Comprehensive analysis shows that 600W+ modules have a gain of 1.5% to 1.8% in energy yield over regular 500W+ modules.

: Could you talk about what efforts and new attempts Trina Solar have made to meet the LCOEoriented principle?

Franck Zhang : In terms of module reliability, we conducted a static mechanical load test and five rigorous tests to verify the mechanical performance of 600W+ modules under extreme conditions Modules are expected to be in service reliably for 25 or even 30 years which guarantees continuous power generation

In terms of energy yield, we have conducted empirical tests at different latitudes, covering different irradiation ranges and climates worldwide

In terms of ecosystem, as an initiator of the 600W+ Photovoltaic Open Innovation Ecological Alliance, we have been implementing the concept of open innovation and collaborative development, connecting core links from R&D, manufacturing to application, overcoming numerous challenges in the industry and accelerating the industrialization of 600W+ modules We have about 100 partners with 600W+ The LCOE oriented principle will not only drive Trina Solar to develop products and technologies but also facilitate the development of industry partners

: What cell technology does Trina Solar use in 600W+ products? You mentioned several times that the 210 is a “ technology platform”, how to understand this concept?

Franck Zhang : We are using PERC technology, and the module power can reach 660W 670W. With the mass production of N type TOPCon modules, power can increase to 680W 690W Combined with HJT in the future it could reach 700W+

We call it the 210 technology platform because it is compatible with most cutting edge cell technologies, including HJT Almost 90% of HJT companies choose our 210 technology platform We believe that it will also be compatible with perovskite and other tandem solar cells in the future

Trina Solar has shipped more than 30GW of 210 modules worldwide, with the industry as a whole shipping more than 50GW by June Total shipments of 210 modules are expected to reach 80GW by the end of this year

Adhere to the LCOE-oriented principle, Trina Solar driving the solar industry into the 600W+ era

Franck Zhang : According to third party forecasts, the market share of 600W+ modules will exceed 50% in the second half of 2024 or 2025

In China, 600W+ products are used in all aspects, both utility scale and distributed; in overseas markets, 600W+ modules are used in almost all utility scale projects Trina Solar has supplied 600W+ modules to a number of GW level utility power stations, with a presence throughout Latin America, Europe, and elsewhere in settings including deserts and fisheries, in commercial and industrial markets helping many industries to attain low carbon goals

: Many companies have 700W+ modules using HJT technology. How does Trina Solar see the competition with new technology products, and what is Trina Solar’s strategy?

Franck Zhang : Trina Solar is ready with a large supply capacity in terms of TOPCon and PERC technologies

With the 210 technology platform, we are not in competition with HJT but rather in a complementary relationship We also have new technologies in the pipeline The schedule of industrialization will be determined by company strategy market demand and future investment plans

: Some manufacturers have made modules with power output above 700W. Do you think power output will increase further and further? Or is there an “optimal solution”?

Franck Zhang : As technology advances, module power will continue to increase, which is an inevitable trend We believe that 600W will be an important phase 700W+ modules may become mainstream three years from now

The 210 technology platform is compatible with a variety of leading cell technologies. Most companies can adapt it to reduce iteration costs and open up new tracks for industry development

Trina Solar has N type products, which are also created upon 210 technology platforms, and mass production power will reach 680W 690W, which is more competitive

We would like to take this opportunity to share our LCOE oriented principle with the industry We look forward to working with our partners, especially PV module manufacturers, to further reduce LCOE and make contributions to the goal of carbon neutrality

Trina Solar has N-type products, which are also created upon 210 technology platforms, and mass production power will reach 680W-690W, which is more competitive.

: When do you expect 600W+ modules to become a mainstream product in the market?

Growatt receives ‘All Quality Matters’ award for its high power C&I inverter

As an internationally renowned independent third party testing, inspection and certification organization, TÜV Rheinland has been deeply engaged in the PV field for 40 years so far. Its “All Quality Matters” Solar Congress has become a platform that brings together leading PV industry players with the purpose of standardizing product quality and establishing quality benchmarks It is also the highest competition stage for PV inverters with objective and credible evaluation process and authoritative and neutral selection organization

With first rate performance in terms of product reliability, efficiency, power quality, input and output capability, Growatt’s MAX 125KTL3 X LV model stands out from the rest in the test program. “We are honored that our MAX 125KTL3 X LV inverter is recognized by TÜV Rheinland as the best high power PV inverter of the 100 150kW group for commercial and industrial use,” commented Mr Woody Wu, the company’s vice president of research and development

The 125kW MAX inverter achieves a European efficiency of 98 26% the highest in the group Its input and output capability surpass the others with an MPPT voltage range from 180V to 1,000V and 1 1 times the rated output power reaching a maximum of 137.5kW, enabling it to work with high power modules and realize higher energy yield for solar investors

On the aspect of reliability and environmental adaptability, the inverter also achieves the best performance in long period tests at switching extreme temperatures between 30°C/ 22°F and 60°C/ 140°F. Moreover it delivers a lower total harmonic distortion (THDi) of 1 08%, which is far better than an industry standard requirement of 3%, making it the top performer in the test program

“At Growatt, our team is dedicated to bringing product and technology innovations to change the way homes and businesses are powered Striving for excellence, we’ll continue to develop advanced products of high quality and reliability for global customers,” Wu concluded

With first-rate performance in terms of product reliability, efficiency, power quality, input and output capability, Growatt’s MAX 125KTL3 X LV model stands out from the rest in the test program.

State Bank of India & Mahindra Solarize tie up to accelerate the adoption of distributed solar in the SME sector

India’s largest bank State Bank of India and one of the leading companies in Distributed Solar space, Mahindra Solarize Private Limited have joined hands to offer a complete solar solution at competitive rates and provide an end to end platform for a hassle free digital journey for financing Solar projects for the SME sector As a part of this partnership, an MOU was signed on 3rd Nov 2022 between the State Bank of India and Mahindra Solarize under a dedicated scheme ‘Surya Shakti’ launched by the State bank of India to support solar adoption for the SME Sector

Mahindra Solarize, one of the leading companies providing integrated solar solutions in the distributed energy space through rooftop and ground mounted solar plants for the Commercial & Industrial segment shall strengthen its value proposition to the customer by offering customized financing solutions through SBI. India is a hub when it comes to Small and Medium Scale Enterprises (SMEs) & through Surya Shakti, these industries will be able to get much needed access to Solar powered units, while also enabling them to optimize their utility costs Collaborating with the State Bank of India which has a vast branch network across the country will help Mahindra Solarize penetrate into untapped territories of the nation

Mr. Pravin Raghavendra, Deputy MD (Retail) of SBI said, “We are delighted to associate with Mahindra Solarize, one of the leading brands in Distributed solar scape to support SME & Business enterprises through our Surya Sakthi program We,

at SBI, are strong proponents of renewable energy and are committed to reducing the carbon footprint in the country Initiatives like these will also help build local economies and enable the country to move towards a secure energy future ”

Rakesh Singh, CEO & Executive director of Mahindra Solarize said, “At Solarize, our vision is to accelerate the adoption of disturbed renewable energy Partnering with SBI in their Surya Shakti initiative is another step in the direction towards the same. We are glad that SMEs, which are the heart of the Indian economy, will now have access to solar powered units through affordable solar financing and we look forward to a long term partnership with the bank ”

India has set an ambitious goal of 280 GW of installed solar capacity by 2030 Penetration of distributed solar across the SME segment shall play a key role in achieving the goal

SOFARSOLAR hits a new shipment record of 1.8

in India

SOFARSOLAR’s cumulative shipments to India surpassed 1 8 GW at the end of September 2022, supplying to PV projects across residential, commercial and industrial (C&I), and utility segments

SOFARSOLAR has been active in India for nearly five years and its annual sales in the nation were boosted by an increasing demand from the C&I segment, with businesses opting for rooftop solar to save on their electricity bills

Technological innovation has played one of the key roles in the company’s significant achievement SOFARSOLAR has launched its latest G3 60 kW to 80 kW inverter series that tailor to India’s booming C&I market The new inverter can start working at a relatively low voltage, and operate with a wide MPPT operating voltage range Through ensuring longer operation duration, the new series enable higher yields. Other features include IV curve scanning Type II SPD protection, and an 150% DC overload capacity These allow for safe and stable operation.

As the world's top 5 global hybrid inverter supplier, with a global market share of over 7%, SOFARSOLAR’s sales continued to grow at a high speed in the first half of 2022 This momentum is projected to continue in the second half of the year as well

The 1 8 GW shipment record symbolizes more than just the premium quality, reliability, and excellent field performance of SOFARSOLAR’s products To further expand its market share in India, SOFARSOLAR has focused on strengthening the company’s local organization by establishing four major sales regions in the north, west, south & east of India, setting up a comprehensive local team offering technical support, sales and after sale service in Kerala, Tamil Nadu, Maharashtra, Noida and Punjab “We will further improve the service force according to the business development and customer’s requirements, and appoint authorized service partners in India,” said David Dong, Head of APAC at SOFARSOLAR

“Through building an extensive sales and service network, we are more confident than ever to bring our high quality products and services to more customers in the future as we always strive for 100% customer satisfaction,” Dong added

About SOFARSOLAR

SOFARSOLAR has always insisted on independent innovation, and has established a global R&D network with three R&D centers.

SOFARSOLAR is a global leading supplier of solar PV and energy storage solutions and committed to be the leader of digital energy solutions with a comprehensive portfolio including PV inverters range from 1 kW to 255 kW, hybrid inverters range from 3 kW to 20 kW, battery storage system and smart energy management solutions for residential, commercial & industrial, and utility scale applications SOFARSOLAR has always insisted on independent innovation, and has established a global R&D network with three R&D centers As the world's fastest growing solar energy brand, SOFARSOLAR has reached a compound annual growth rate of 86% and an annual production capacity of 10 GW for PV & storage inverters and 1 GWh for batteries. By the end of 2021, SOFARSOLAR had shipped over 1 million inverters to more than 90 countries, entering the TOP5 Global Hybrid Inverter Suppliers

Learn more about SOFARSOLAR by visiting: https://www.sofarsolar.com/

GW

Contendre Solar has always believed in providing a seamless and hassle free buying experience to its customers For Contendre quality is not just the quantitative measure of perfection, it includes customer satisfaction too In the current scenario of unprecedented uncertainty, safeguarding developer's investment, and future proofing it has emerged as a top priority for investments in solar Contendre's product quality and services address an important gap by securing customer value and providing a safety net. Based on the company's customer centric approach, the ‘Contendre Cares’ program was established to guarantee that its products perform reliably and efficiently throughout their lifespan and to support and provide some cushion to its customers against some of the major pain points of the industry allowing clients to achieve a high return on investment against their installations

Contendre offers dispatch schedule against each co customers could prompt executions. Being in this industry we all know that, problems with even a single module in the power plant may lead to quite a lot of revenue loss for the developer Addressing this, Contendre provides an out of the box solution to its customers Along with the purchase of each MW of Contendre Solar modules, the company provides its customers 5 additional modules free of cost. So if there’s any problem with even a single module it could be replaced on an immediate basis maintaining a better uptime of the plant avoiding generation loss and in turn avoiding the loss of revenue

Being a technical product manufacturer there may be a small probability of some product related queries or challenges being faced by a few customers for whatsoever reason Overcoming these challenges plays a crucial role in this industry where the uptime of the plant is directly linked to the revenue being generated Contendre Solar commits to 72 hours of resolution assistance for any product related queries to the customer

Contendre provides prompt technical assistance along with documentation support for accurate and hassle free project development and execution planning Contendre is the only company across the industry to provide this unique service to its customers Contendre allows its MW scale customers to pick any random module from their ordered lot and send it to any third party laboratory of its choice in the country for performance testing free of cost This shows the confidence that the company has in its products

Transit damage is one more grey area of this industry where customers struggle a lot giving in the replacement timeline of the companies Contendre addresses the same under its 72 hour resolution commitment policy Contendre being a flat organization, the resolution timelines of these issues are cut down drastically providing quick response time to its customers

With Contendre Solar, a Robust Service Support is Complementary along with its Best in Class Product Range. Contendre Solar with this fresh and unique customer centric approach and its quality product line has been able to make itself quite visible amongst the industry giants present in the country, within its small three year lifespan

Kehua Ranked as the No.5 Energy Storage Inverter Suppliers Globally in 2021

International authoritative research institution IHS Markit (now a part of S&P Global) announced the top 10 energy storage inverter suppliers in 2021 Kehua, with remarkable energy storage inverter shipments, becomes the No 5 energy storage inverter supplier globally This ranking is a testament to the rapid growth of Kehua's presence in the energy storage inverter market and affirms its achievements in the renewable energy industry

IHS Markit now part of S&P Global estimates that Kehua was ranked NO 5 energy storage inverter supplier globally in shipment terms in 2021

Despite labor shortages and supply chain issues associated with COVID 19 in the global marketplace, Kehua never lets difficulties and challenges stop its commitment to global sustainable development The company has 200,000m2 manufacturing area of 4 manufacturing bases, over 4000 employees and 40GW annual solar production capacity With the remarkable production capacity, the company continues the implementation of its overseas projects, ensuring the uninterrupted growth of revenue from the projects while contributing significantly to the rise of the company's ranking on the list.

The current global new round of energy revolution is being promoted, the business model of energy storage application scenarios is gradually maturing, and energy storage will become one of the key influencing factors of global energy transformation In response to this development trend, Kehua attaches great importance to the energy storage market and advances its strategic layout, aiming to grasp the growth opportunities and will continue to escort the global energy transition

In recent years, Kehua has been forging ahead in the field of energy storage, providing all scenario ESS solutions, including residential ESS, C&I ESS and large scale power plant solutions, leaving its excellent reputation all over the world

As the energy storage market rises rapidly, Kehua has also made its response to the fast growing residential energy storage needs iStoragE series all in one residential ESS launched by Kehua in August this year has harvested over 20,000 sets of supply agreements with a total of 390MWh in less than three months after its release

"PV+ESS for the future " This is the concept proposed by Kehua for the renewable energy segment, expressing the company's determination to make PV and ESS integrated solutions its long term main business and thus help the world's sustainable development. This honor is a recognition of the past work, and in the future, Kehua will continue to provide safe and reliable renewable energy solutions and devote to building a greener world together with global users

About Kehua

Founded in 1988, Kehua is a world leading renewable energy solutions provider, offering PV inverters and energy storage systems solutions for utilities, C&I and residential applications Up to now, Kehua has 21GW of PV installations and 2 6GW of energy storage installations globally. With 34 years of experience in the renewable energy industry, Kehua's products have served more than 100 countries worldwide For now, Kehua has ranked TOP 10 solar inverter brands used in term loan financed projects (Bloomberg) and No 5 world storage inverter supplier (IHS Markit) Kehua will continue to create green energy with R&D strength and devote to let the world enjoy a zero carbon life safely

720MWh power plant project in Gansu, China

Spinkraft Ventures and Wattpower Join Hands To Better Serve Indian Market With Top Class Solar Products

Spinkraft Ventures is a company that offers some of the most innovative and fastest growing products in the Indian solar market. With a strong belief in constantly developing new technologies, we are vying to be the torch bearer of the future of the Indian solar industry.

What differentiates us from the others in this space are our Quality Products and the rich experience of our team members At Spinkraft, we don’t sell products, instead, we sell experiences by establishing a personal connection with each stakeholder Our own warehouse and in house logistics help us in achieving excellent sales and establishing a strong support network.

With a deep focus on customer satisfaction and prompt delivery, Spinkraft Ventures has become India's largest solar distributor in just one year! We have attained significant numbers which indicate our strong performance in the past year A total of 40MW+ inverters and modules have been supplied generating a revenue of 100 Cr, thus satisfying a 100+ client base!

We relentlessly strive to stay true to our core values of providing exceptional support and service to all our clients Our aim is to carve a niche in the solar market with the motto, “Growth For Everyone” To achieve the same, we serve our clients with the best products and help them choose the right solution

In order to better serve the Indian market, Spinkraft recently entered into a partnership with Wattpower and has become its value added partner With this partnership, Spinkraft will distribute the top class products of Wattpower and thus establish a deeper reach and build a stronger distribution network

Wattpower is part of a German group that is more than a decade old and is active in the field of renewable energy with more than a cumulative experience of 10 GW in the Solar PV industry As a group, they had been prevailing and leading the space of solar string inverters in technological partnership with global leaders. With Fusion at its core they have expanded in Europe and South East Asian countries

growth with the evolving requirement of the wer has committed itself to supporting the

market requirement with utmost agility recently The state of the art facility is backed by one of the global leaders Solar Inverter Industry. As a global product strategy, they cater to both the C&I Market segment as well as Utility Market segment.

Wattpower’s key technical strengths and the strong German culture have been amalgamated to produce these inverters Staying true to the vision of ‘Powered by Fusion, Driven by Nation’ ’ and building the confidence of customers, these inverters are being manufactured at the Chennai plant that is equipped with the latest technology & premium setup.

The product strategy has always revolved around achieving minimum failure rates through system learning and technological advancement The new launch product has increased the level of safety features inbuilt i e Smart Automatic Disconnector and Temperature sensing at sting level

With this partnership, both Wattpower and Spinkraft will leverage the synergy and strive to deliver the best to customers, the nation, and nature as a whole

For more information: visit https://spinkraft com/ or contact acharan@spinkraftventure.com / pravesh@spinkraftventure com

In order to better serve the Indian market, Spinkraft recently entered into a partnership with Wattpower and has become its value added partner With this partnership, Spinkraft will distribute the top class products of Wattpower and thus establish a deeper reach and build a stronger distribution network

In China, Kehua won a number of large energy storage projects in succession, winning over RMB 500 million in the month:

State Power Investment Corporation's Ningdong Base 100MW/200MWh Shared Energy Storage Power Station Demonstration Project in Ningxia

Gansu Linze 100MW/400MWh Shared Energy Storage Power Station Project Tibet Changdu Jiangda County 8MW/40MWh PV Power Station Supporting Energy Storage Project

The iStoragE series has gained widespread attention in overseas markets since its release During the design process of the iStoragE series, Kehua's engineers adhered to the 3S concept of Simple, Smart and Safe, taking into account the actual usage experience in residential scenarios and providing efficient and reliable energy management solutions for home users.

The integrated look and modular design makes the machine easy to install and suitable for a wide range of scenarios Of particular interest is our large rate LFP battery, which features dual physical and chemical isolation and a built in fire protection module, reducing the risk and extending the life of the battery We have also implemented monitoring of the battery modules and individual charge and discharge management, which effectively increases the usable capacity of the batteries

At the same time, Kehua's overseas division also recorded excellent results, with iStoragE series all in one residential storage system signing cooperation of over 20,000 sets, nearly 400MWh

Framework agreement for the annual supply of 260MWh of residential energy storage systems in the US

Framework agreement for the annual supply of 30MWh of residential energy storage systems in Europe

Framework agreement for the annual supply of 100MWh of residential energy storage systems in Australia

Kehua's excellent performance in both domestic and international markets is due to our technical strength 34 years of experience in the power electronics industry has given Kehua a wealth of technical accumulation and experience in multi scene solutions At the same time, our good market reputation and high quality services have also gained us a lot of recognition and affirmation in the domestic and international markets

The positive feedback from the market has greatly encouraged Kehua, and we will bring more professional services and better products to our customers in the future, contributing Kehua solutions to the world's energy transformation

About Kehua

Founded in 1988, Kehua is a world leading renewable energy solutions provider, offering PV inverters and energy storage systems solutions for utilities, C&I and residential applications. Up to now, Kehua has 21GW of PV installations and 2 6GW of energy storage installations globally With 34 years of experience in the renewable energy industry, Kehua's products have served more than 100 countries worldwide For now, Kehua has ranked TOP 10 solar inverter brands used in term loan financed projects (Bloomberg) and No 5 world storage inverter supplier (IHS Markit) Kehua will continue to create green energy with R&D strength and devote to let the world enjoy a zero carbon life safely

Kehua received a lot of good news in September from China and overseas

Of particular interest is our large-rate LFP battery, which features dual physical and chemical isolation and a built-in fire protection module, reducing the risk and extending the life of the battery.

Purshotam Profile: Spearheading India’s Solar Sector With State of The Art Mounting Structures

Purshotam Profiles Pvt Ltd has been spearheading the renewable energy sector in India Established in 2013, the company specializes in manufacturing and developing Solar Module Mounting structures India's largest manufacturer of solar products, we also offer optimized solutions to floating solar design related to solar structures With a 70% market share in India, we are the current leaders in RE INDUSTRY

Purshotam Profiles has a manufacturing capacity of over 25,000 (Million Tones) MT per month for Module Mounting Structures, while for tubing it is at 7200 MT per month. Our company is a registered/recognized vendor for many reputed Solar EPC players/ developers that supply Solar Module Mounting Structures, Tracker Structures, cable trays, and walkways

Purshotam Profiles Pvt Ltd's Managing Director, Mr Sachin Agarwal, is the company's leader He has driven the company’s growth over the past decade while keeping its core values at the center There are currently a dozen state of the art manufacturing units located in strategic locations across India Each unit has a monthly capacity of almost 25,000 MT and is equipped with fully automated, high speed (with online punching and offline punching), roll forming lines

At Purshotam Profiles, the main motivation has been to make a difference in society and the world This is what we have done over the years in the RE industry As a company, we believe this is the moment when world leaders can find the answers to the burning questions The Renewable energy sector can solve all of our social problems, including climate change, pollution, and sustainability, as well as job creation Along with solving these issues it can also promote new inventions and help us achieve the SDGs that can improve our world and our future

VISION FOR THE RE INDUSTRY IN THE NEXT TWO YEARS

This platform has been at the heart of India's renewable energy sector's growth for over a decade The RE industry is one of the most important sectors to have contributed to the development of new entrepreneurs, scientists, technicians, and businessmen It has helped solve the greatest challenges facing mankind Indian and foreign RE industry players will continue to seek technological advances and develop better products and technology that will shape and advance the global RE future Purshotam Profiles wants to continue being a part of the RE journey. We will continue to offer our products innovations and solutions for PV, Floating, and hybrid RE projects so that India can achieve its ambitious 175 GW renewable energy capacity by 2022

FY21-22 ACHIEVEMENTS

Purshotam Profiles was able to complete 8 2 GW of solar projects in 2021 22 The company's manufacturing capability stood at 1,89,011 87 MT The company's total turnover amounted to Rs 2000 crores

Our company is able to keep stock of ZAM, Galvalume, and HR We have a well equipped infrastructure and Poka yoke Mechanism which eliminates manual dependency on quality control This has allowed us to maintain market standards and timely delivery of products and solutions It also makes our clients happy We recently completed a 250W Tracker project in India and overseas

Over the years, our company has been honored with numerous awards and accolades, including Module Mounting Structure Company Of The year by Suryacon Maharashtra and State Market Leader Award Module Mounting Structures for Rajasthan by SolarQuarter in 2018

Purshotam Profiles was also awarded the Renewable Energy India Awards 2018 as the Leading RE Manufacturer under the category of Component Manufacturer and many other awards

Our company has 12 manufacturing plants spread across India that offer state of the art solutions to various types of solar module mounting structures We are the nation's leading manufacturer of Solar Module Mounting Structures thanks to our perseverance and clever capacity creation

MOTIVATION TO PURSUE A PATH IN THE RENEWABLE ENERGY INDUSTRY

Deye inverter creates a green future with India

NINGBO DEYE INVERTER TECHNOLOGY CO , LTD was established in 2007 It’s the only one which includes a grid tied inverter, hybrid inverter and micro inverter business enterprise In 2021, the revenue growth rate of the optical storage business reached 262%, and the profit accounted for 50%+, of which hybrid/grid tied/micro inverter accounted for 45 2%/45 7%/9 1% respectively From the perspective of brand and market distribution, Deye Inverter is mainly deployed in the United States, Brazil, South Africa, and India In 2021, Deye’s annual shipments of grid tied inverters reached 215,000 units; hybrid inverters shipments reached 70,300 units, and micro inverters shipments reached 102,900 units In 2022, Deye’s shipments of its Micro Inverter is expected to exceed 750,000 units, the shipments of its grid tied exceed 250,000 units, and the shipments of its hybrid inverter exceed 330,000 units, with a year on year increase of 242 6% in total annual shipments In 2022, inverter products are expected to achieve a revenue scale of 565 million dollars which make DEYE INVERTER become a new star of solar inverter manufacturer enterprises with a market value of over 14.6 billion dollars.

Deye started its inverter business in India in 2018 As one of the biggest solar markets, with abundant light conditions, the Indian market has a huge potential By 2021, India's market shipment shared 4% of Deye’s annual total shipments From 2020 to 2021, Deye entered the Indian market by deepening cooperation with local well known enterprises in India. By 2021 Deye seized the opportunity created by the boomed market, start to promote Deye’s own brand and aim at becoming a market leading company

In the last four years, Deye has brought a wide power range of grid tied inverter products to the Indian market SUN 3 6/4/5K G03 grid tied inverter series and SUN 6/10/15K G03 hybrid inverter series are the most popular for residential application scenarios owing to their cost effective, wide power range, stability, and high quality

In 2022, Deye inverter launched the latest SUN 50K SG01 three phase hybrid inverter series With the unique “Smart load” and AC Couple features, the Deye hybrid inverter can use the diesel generator port as the “Smart load” output port and “AC couple” connection port, which significantly improves the machine’s intelligence and application scenarios

Deye is dedicated to becoming a World leading Energy Storage System Provider helping people enjoy green solar energy and promote sustainable human development

In 2022, inverter products are expected to achieve a revenue scale of 4 billion, which make DEYE INVERTER become a new star of solar inverter manufacturer enterprises with a market value of over 14.6 billion dollars.

PRODUCT LAUNCH

Deye Launched 50kW Hybrid Inverter

Deye launched a high voltage three phase hybrid inverter for light commercial applications As one of the major hybrid inverter suppliers Deye has been selling new products in Europe and South Africa The hybrid inverter has an efficiency of up to 97% The allowed battery voltage range of 160 800V

“The combination of the hybrid inverter with the battery is initially being launched in Europe and South Africa,” a company sale told PV magazine The product features Max 10 PCS parallel, used for unstable grid areas such as islands and South Africa

The hybrid three phase inverter, called SUN 25K/30K/40K/50K SG01HP3 is available in four versions with nominal AC power output ranging from 25kW to 50Kw And SUN series three phase hybrid inverter has 2/3/4/4 MPPT routes for SUN 25K/30K/40K/50K SG01HP3 respectively The device’s Max Efficiency is 97 6%, and European efficiency is 97% This series inverter is specially designed with two independent battery connection terminal ports, which support different brand batteries at the same time

The product comes with four maximum power point tracking (MPPT) inputs while its MPPT voltage range is 150 850V. Its PV input current is 36A (Per MPPT) It is equipped with IP65 protection, Fan cooling, RS485 ＆ CAN communication port, and in temperatures ranging from 40 degrees Celsius to 60 degrees Celsius It is compatible with lithium ion batteries and a battery voltage of 160 800V

The device has a Rated DC Input Voltage of 600V, and Max DC Input Voltage of 1000V, and DC power between 32 5kW and 65kW It measures 527W*894H*294D, Weights 75kg, and features a 5 years performance guarantee. The hybrid inverter system uses intelligent air cooling as a cooling system

Referring to the Europe rooftop PV market, Deye said that the proposed solution can help optimize self consumption by being compatible with a diesel generator and storing excess energy in the battery and performing as backup power, offering continuous power supply in case of a grid outage “In case of the device is compatible with a diesel generator, and can be equipped with Twenty sets of batteries at most The inverter can charge from the grid during off peak and discharging at peak can be profitable ” The R ＆ D engineer explained With The Smart Load＆AC Coupling features, the hybrid inverter can connect to the grid tie inverter, upgrading the system to be a microgrid It provides multiple energy resources for household loads which avoids the wasting of energy generated by the original grid tie inverter

As a technology oriented company, Deye has always been committed to researching and developing new cutting edge technologies to provide efficient and reliable products For example, Deye adopts a T type three level topology and enhanced SVPWM algorithm to further improve the conversion efficiency by 0 7% compared with common SPWM With frequency droop control technology, the Deye string inverter is able to work with a diesel generator which greatly expands the scope of the product application

#DidYouKnow

The device has a Rated DC Input Voltage of 600V, and Max. DC Input Voltage of 1000V, and DC power between 32.5kW and 65kW. It measures 527W*894H*294D, Weights 75kg, and features a 5 years performance guarantee. The hybrid inverter system uses intelligent air cooling as a cooling system.

As a technology-oriented company, Deye has always been committed to researching and developing new cutting edge technologies to provide efficient and reliable products.

Vertex 19R (P-type DE/DEG19R) INTRODUCING

Vertex 19R series, features the latest 210R rectangular silicon wafer technology to boost single module power by up to 30W. It comes in horizontal packing and is compatible with most inverter models in the market and able to achieve higher DC/AC ratio at system level, making it an ideal choice for commercial and industrial rooftop projects. The module has maximum power output up to 580W and maximum efficiency of 21.5%. It uses 210mm cells and is different to the earlier generation DE19 module, because it incorporates rectangle rather than square shaped solar cells

FIMER supplied its 1MVA inverters for the BESS system and successfully executed the Integrated Solar Energy Project at Sun Temple Town of Modhera District Mehsana Gujarat. This is India’s first integrated state of art Solar Project The battery energy storage system (BESS) is one of the largest to date under operation in India The project was supplied through one of India’s biggest EPC players, Mahindra Susten

Additionally, the town is solar powered by a 100kW rooftop system on govt buildings, 50kW Solar parking infrastructure, 271 nos X 1Kwp solar systems on residential buildings and 150kWh Battery storage for the solar charging systems This small town in the state of Gujarat is self reliant on energy consumption now

The project which is a remarkable project features a 6MW grid connect system with a 6MVA BESS system with an 18MWh Battery energy storage system

FIMER supplied PCS of rating 1MVA x 6 nos for BESS application, During Solar hours, the Solar inverter powers the load and excess power charges the batteries, PCS can also support load demand during solar deficit conditions FIMER PCS is also equipped with Black Start mode / Grid forming mode, during grid failure conditions FIMER PCS can form the Grid in V/F mode and other sources ( inverters) can synchronize to AC bus and start supporting load or charge batteries If the grid comes back, PCS can operate in the grid following mode and act as backup whenever required This is the first time the Bi directional converter 1MW was supplied to Indian market

FIMER’s inverters contribute to India’s first solar-powered village Modhera’s BESS system, One of the largest battery energy storage systems (BESS) under operation in India

Prime Minister Shri Narendra Modi recently declared the village of Modhera in Gujarat as India’s first 24 x7 solar powered village

This is India’s first integrated state of art Solar Project. The battery energy storage system (BESS) is one of the largest to date under operation in India.

SOFARSOLAR bolsters competitiveness in India with new C&I and utility PV solutions

SOFARSOLAR, the global leading supplier of solar PV and energy storage solutions recently unveiled its brand new utility and C&I PV solutions in India, aiming to further strengthen the company’s competitive advantage country’s rapidly expanding solar market

Driven by the India’s booming solar market, whose PV inverter annual installation size is projected to reach 13 9 GW in 2022 with a YOY growth of 23 4%, SOFARSOLAR’s latest 255 kW PV solution is specially designed for the country’s dominant utility solar sector With a maximum efficiency of 99 02% and 12 MPP trackers, this solution is tailored for a utility solar projects Its built in PID recovery function offers 24/7 protection to the modules, and the IP66 rated and C5 rated corrosion protection guarantee safe and stable operation outdoors Additionally, through its IV curve scan feature, faulty modules are easily detected and nearly 80% of O&M work is saved, preventing any concerns and extra costs, and delivering the most optimal ROI for the customers

This trend goes together with a growing demand for lighter and more efficient and secure inverters. To meet this demand, SOFARSOLAR has launched its latest C&I inverter series: the SOFAR 60K~80KTLX G3.

As India has set to achieve a net zero society, rooftop C&I solar projects are taking on quickly with more businesses turning to solar for sustainable production This trend goes together with a growing demand for lighter and more efficient and secure inverters To meet this demand, SOFARSOLAR has launched its latest C&I inverter series: the SOFAR 60K~80KTLX G3

Weighing only 50kg, the SOFAR 60K 80KTLX G3 can easily transported during installation, saving labor costs for the customers With up to 6 MPPTs and a maximum input current per string of 20 A, the inverters are fully compatible with large PV modules and significantly enhancing the DC generating capacity Other features, including Type II SPD for both AC and DC sides, IP66 rated protection, and a string monitoring function, all ensure safe and stable operation

To learn more about these excellent solutions, you can now contact SOFARSOLAR’s Country Manager India, Mr Sunil Tiku via email at sunil.tiku@sofarsolar.com or phone number at +91 9999274748 .

layer for better passivation and improved performance. WEL is the first Indian company to manufacture M12 and M10 TOPCon N type PV modules in India

Waaree’s Elite series (N type TOPCon) Glass to Glass and Glass to Transparent backsheet 610 630 Wp (120 cells based) and 670 690 Wp (132 cells based) M12 210 mm cell size based MBB Bifacial PV modules offer the highest reliability, enhanced crack tolerance, high power output, best in class thermal coefficient of 0 31 %/⁰C, low resistive losses, PID resistant, certified with advanced mechanical load testing and durability testing in extreme climatic conditions.

TOPCon N type solar cell based modules have certain advantages over conventional P typeMonoPERCmoduleslistedasunder:

High efficiency and high wattage modules with better performance and reliability.

Lower temperature coefficient 0 31 %/°C as compared to Mono PERC modules 0 34%/°C thereby lower temperature losses and higher energy yield Excellent anti PID performance

Lower first year degradation rate around 1% as compared to 2% in p type Mono PERC modules.

Zero LID and lower LeTID losses due to phosphorous doping (no boron oxygen defects)

Lower year on year (YOY) degradation rate of 0 4% as compared to 0 55% for Mono PERC modules

A comprehensive table enlisting comparison between P type PERC and N type TOPCon Module is included (as under) for a clear understanding of module performance parametersforbothtechnologies

warranty and 30 years performance warranty on N type TOPCon Bifacial modules Waaree’s N type TOPCON modules will result nd are the optimal solution in MW scale ground mount PV installations with better ROI

About PIXON

The company is equipped with a state of the art turnkey manufacturing facility of 400 MW capacity and has expanded its product line to 1 GW with Multibusbar and Topcon modules PIXON houses a cleanroom environment facility to a 1GW manufacturing line for EVA films The company is also backed by the strong financial background of its parent company Marwadi Shares & Finance Limited The blend of a young team, under the guidance of experienced players, makes PIXON versatile for creative operations and futuristic innovations

PIXON envisions globally providing efficient solar energy products Thus, contributing and enhancing Global Climate Sustainability

PIXON manifests into solar products and creating quality solutions for customers. The modules radiate excellence through quality and high return PIXON offers exceptionally productive modules tried in our in house PV Module Test Lab The top notch scope of solar modules is designed in India utilizing European innovation and technology We essentially produce 5 distinct sorts of Solar modules:

Mono Crystalline PERC Modules

Poly Crystalline Modules

Poly Crystalline DCR Modules

Poly Crystalline Half Cut Cell Modules

Mono Crystalline PERC Half Cut Cell Modules

EVA Films

PIXON, one of the topmost solar EVA film manufacturers has the capability to manufacture top quality Ethylene Vinyl Acetate (EVA) films They have a bandwidth capacity of up to 1 GW for manufacturing EVA films. Our PID free solar EVA films are perfect for all types of solar cells. The PIXON’s PID free EVA films provide higher productivity and lower shrinkage The range of EVA Films includes:

Fast Cure EVA Films

Ultra Fast Cure EVA Films

Following are the two sub categories which are as follows

PIXON, one of the topmost solar EVA film manufacturers has the capability to manufacture topquality Ethylene Vinyl Acetate (EVA) films. They have a bandwidth capacity of up to 1 GW for manufacturing EVA fil s.

PIX FAST CURE

PIXON houses a cleanroom environment facility to a 1 GW manufacturing line for EVA films With higher productivity and lower shrinkages, the PIXON EVA films ensure that the solar cells are protected and solar modules provide a better performance, even while facing the utmost harsh weather conditions

PIX ULTRA-FAST CURE

PIXON’s PID free EVA films are suitable for all types of solar cells and back sheets with a cycling time of fewer than 10 minutes that speeds up your module production to provide increased yield

PIXON offers exceptionally productive modules tried in our in-house PV Module Test Lab.

PRODUCT LAUNCH

PIXON believes in advancing with the latest technological developments in the market The top notch scope of solar modules is designed in India utilizing European innovation and technology PIXON has a varied range of products and services for which they have different certifications and standards which ensures the organization’s capabilities and effectiveness to complete the specific work assignments and obligations

We will be expanding our product line in the upcoming years The company anticipates additional developments in its supply chain throughout India as a result of its upcoming Multi Busbar and Topcon production lines To satisfy the demands for quality, PIXON also has a 1GW manufacturing line for EVA Film and other materials

In the future, they intend to launch Topcon, Mono Perc/N type, Multi Busbar high Wp, and BiB modules in addition to a 2 GW expansion of our production line. Both the Multibusbar and Topcon technologies are supported by our current and running infrastructure

Our Multi Busbar production line expansion is easily supported by our current infrastructure The government of India’s “Made in India” initiative is assisting us in growing to a multi GW production line

M6, M10 & M12 Bifacial Modules

PIXON has introduced monofacial M6, M10 and M12 bifacial series PV modules with output capacities ranging from 420 Wp to 600 Wp These busbar modules are suitable for utility scale, off grid, residential, commercial, and industrial PV applications

M6 bifacial PV module

PIXON has recently introduced its new PIX MPH 144 series monocrystalline PERC half cut cell PV solar modules The new panels offer power outputs ranging from 420 Wp to 455 Wp, with an efficiency rating of up to 20 93% The solar modules are compatible with PV systems that operate between 40 C and 85 C and have a maximum voltage of 1,500 V

M10 bifacial PV module

PIXON has launched its new PIX MPH 144 series monocrystalline PERC half cut cell PV solar modules The new panels offer power outputs ranging from 525 Wp to 545 Wp, with an efficiency rating of up to 21 04% The solar modules are compatible with PV systems that operate between 40 C and 85 C and have a maximum voltage of 1,500 V

To satisfy the demands for quality, PIXON also has a 1GW manufacturing line for EVA d other materials.

Modules / EVA Films / EPC Solutions

M12 bifacial PV Module

PIXON has unveiled its new PIX MPH 120 series monocrystalline PERC half cut cell PV solar modules The new panels offer power outputs ranging from 580 Wp to 600 Wp, with an efficiency rating of up to 21 01% The solar modules are compatible with PV systems that operate between 40 C and 85 C and have a maximum voltage of 1,500 V.

The panels have received certification in accordance with UL, IEC, and Bureau of Indian Norms standards They have a 12 year product guarantee as well as a 27 year warranty on linear power output On request, black anodized aluminum frames can be substituted with silver ones

We will be expanding our product line in the upcoming years.

Solar

PRODUCT LAUNCH

LONGi introduces its new Hi-MO 6 modules to the worldwide DG market

LONGi has unveiled the Hi MO 6, its latest generation of photovoltaic modules that match high efficiency with stunning aesthetics for distributed generation and rooftop applications

On November 2, world leading solar technology manufacturer LONGi introduced the Hi MO 6 its first module designed exclusively for the global distributed consumer market Using LONGi's high efficiency HPBC cell technology, Hi MO 6 achieves a maximum efficiency of 22 8% in mass production Designed to meet the needs of diverse clients, the Hi MO 6 offers superior efficiency, safety, and aesthetics

Enhanced power generation efficiency through technological innovation

HPBC (Hybrid Passivated Back Contact) is a new generation of high efficiency solar cell technology that’s unique in its front side busbar free design. HPBC cell technology can considerably improve the cell’s light absorption and photoelectric conversion capabilities by adjusting the cell’s internal structure, and can thus effectively increase the module’s output power Modules equipped with HPBC cell technology can generate a greater volume of energy under high temperature and low irradiation conditions and also have superior power degradation performance In global power generation simulations, Hi MO 6 modules have demonstrated a significant power generation advantage over PERC products with an average power generation increase of up to 10% in typical scenarios

When developing PV solutions for residential and commercial applications, LONGi's R&D team strives to achieve the highest level of safety and reliability The Hi MO 6 employs back contact soldering technology, which uses the one line soldering structure rather than the traditional Z shaped structure to enhance the module's resistance to cracking This revolutionary technological design, combined with LONGi Lifecycle Quality, makes the Hi MO 6 one of the most reliable PV modules on the market

The Hi MO 6 includes four series Explorer, Scientist, Guardian, and Artist all of which are in the standard M10 size (182mm) and are available in 72C, 66C, 60C, and 54C types The module’s aesthetic appeal evokes the minimalist style of modern industrial design and naturally complements a wide variety of application scenarios.

For applications in sectors with increased security and intelligence needs, the Hi MO 6 also offers the option of further enhancing safety and optimization by pre installing the Smart Optimizer In the event of a PV system failure or module shading, the back end system may be remotely monitored and optimized in real time using feedback from the Smart Optimizer’s 'digital brain', ensuring power plant safety while maximizing system power output

“LONGi has driven industry development throughout the years with high quality technical innovation The flagship Hi MO series modules have contributed to upgrading global energy structure The Hi MO 6 is another solid step toward promoting energy equity,” commented LONGi’s Vice President Dennis She

“LONGi aims to collaborate with more partners to participate in the new energy revolution provide clean energy solution that is equally accessible to all, and accelerate our planet's energy transformation and development ”

About LONGi

Founded in 2000, LONGi is committed to being the world’s leading solar technology company, focusing on customer driven value creation for full scenario energy transformation.

Under its mission of 'making the best of solar energy to build a green world', LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modules, commercial & industrial distributed solar solutions, green energy solutions and hydrogen equipment The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development www.longi.com/en

Bringing photovoltaic technology and architectural aesthetics to diverse applications

Sungrow Launches New-Generation Commercial & Industrial Rooftop Solutions during REI 2022

Recently, Sungrow, the global leading inverter and energy storage system solution supplier for renewables, showcases its newest commercial & industrial solutions during REI 2022 Designed for multiple rooftop C&I applications, this new premium series brings higher power yields, improved safety, and more flexible usage, which is expected to lead to further growth of the Indian C&I solar market

As India's C&I solar sector is developing quickly, Sungrow launches the latest C&I inverter series, with SG125CX P2 as its core, which is the highest rating in the C&I segment which can feed at LT without any isolation. SG125CX P2 improves the maximum input current to 15A per string, which helps enhance the DC generating capacity, thereby bringing a higher yield In addition, it also applies the advanced Power Max of 12 MPPTs, which tracks points of the highest power accurately to ensure the PV system works at the optimal power generation state constantly As a result of this technology, the overall yield increases Moreover, considering this series is mostly installed on C&I buildings’ rooftops, Sungrow also equips it with updated AFCI 2 0 and Type I+II SPD The AFCI 2 0 system can detect arcs with 99 9% accuracy; such excellent detection capability exceeds the requirements of the UL1699B standard The double protection safeguards the safest operation of PV plants throughout the entire day

Being well poised for growth opportunities in the utility scale market, Sungrow also presents its comprehensive solar plus storage solutions, including its powerful string inverter SG320HX, 1+X modular inverter, and the ST129CP 50HV, and the Liquid cooled Energy Storage System (PowerTitan) for the energy storage sector

About Sungrow

C&I

Sungrow Power Supply Co , Ltd (“Sungrow”) is the world’s most bankable inverter brand with over 269 GW installed worldwide as of Ju Founded in 1997 by University Professor Cao Renxian, Sungrow is a leader in the research and development of solar inverters with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for utility scale, commercial & industrial, and residential applications, as well as internationally recognized floating PV plant solutions, NEV driving solutions and EV charging station solutions With a strong 25 year track record in the PV space, Sungrow products power installations in over 150 countries Learn more about Sungrow by visiting: www.sungrowpower.com.

Designed for multiple rooftop

applications, this new premium series brings higher power yields, improved safety, and more flexible usage, which is expected to lead to further growth of the Indian C&I solar market.

Gujarat is situated on India’s Western coast, renowned as the “Jewel of Western India ” The electricity consumption of Gujarat is 9.5% of India’s total electricity consumption. It is one of the fastest growing states regarding solar classification, both for rooftop and large scale solar projects The state has been aggressively pursuing non conventional energy generation avenues encouraging the use of solar power extensively

On a global level, India is one of the fastest growing ceramic tile marketplaces But when it comes to environmental challenges, ceramic manufacturing has a negative reputation because, like steel, cement, and glass, the ceramic industry is an energy intensive business Greenhouse gases, sulfur oxides, and nitrogen oxides are among the gaseous air pollutants produced by combustion of fossil fuels

The need arises for cost effective techniques that bo energy efficiency, minimize carbon emissions, and economically feasible. In this situation, Solar Plants are f becoming a norm rather than an option in India

Laying a solid foundation for large-scale projects in India, 4MW Solar Plant commissioned in Gujarat

India’s carbon market is gearing up to witness a revolution

As increasing number of companies continue to pledge to reduce their greenhouse gas emissions and adopt climate best practices, carbon markets have been experiencing a steady surge in demand

In the last decade, the world has greatly evolved to see climate action as a dire step to restore and rehabilitate the planet The objective is clearly protection over profit and in this quest mankind has come together like never before with a common goal of net zero

energy and its conservation. The proposed amendments to the Act that has been passed in Lok Sabha will empower the country to increasingly strive towards its net zero commitment of 2070 with the further implementation of NDCs in a timely manner It will also facilitate the development of India’s carbon market which will in turn enable the country to transition into a low carbon economy

With the proposed amendments, the prevalent trading schemes in India Energy Saving Certificates (ESCerts) and Renewable Energy Certificates (RECs) will be merged into one single commodity that will be called Carbon Credits Certificate (CCC) and will operate under Cap & Trade system under the National ETS

A National ETS will further accelerate this journey since more trade of carbon credits would imply more carbon reduction in the country The Energy Conservation (Amendment) Bill will also bring fair play and increased transparency enabling all stakeholders with equal opportunities The amendment act will unlock new market potentials for both the sellers and buyers of credits in India

A carbon credit can enable climate action

Today, businesses increasingly understand climate nuances and the need for urgent climate action and there has been a growing adoption of carbon offsets to neutralize carbon footprints with an aim to restore the planet This has resulted in exponential growth of the global carbon credit market

A carbon credit is an offset mechanism that is issued for an equivalent avoidance or absorption of carbon emissions in the atmosphere as a result of a targeted carbon reduction project These issued credits are then supplied to anyone and everyone aiming to reduce their carbon footprint So carbon credits are a way to reduce your carbon footprint caused by unavoidable emissions

By purchasing carbon credits, businesses essentially invest in other projects that help reduce greenhouse gas emissions

National ETS through Energy Conservation Act 2022

The Act was first enacted in 2001 and provides a legal framework and regulatory guidelines at the Central and State level for the efficient use of

#DidYouKnow

The proposed amendments to the Act that has been passed in Lok Sabha will empower the country to increasingly strive towards its net-zero commitment of 2070 with the further implementation of NDCs in a timely manner.

Though the market will largely be voluntary in nature to begin with, once it becomes mandatory for a specific sector(s), the scheme will remain open for the Indian Voluntary Market buyer as mentioned in the EC Act 2022 This will open the market for newer avenues and is expected to unleash a new era of environmental activism in India even as the demand for Voluntary Carbon Credits grows exponentially in the country

Heading To a Low-Carbon Future

Carbon markets have been successful in controlling GHG emissions by enabling their trading to achieve emission limits With the implementation of the National ETS, the domestic carbon credits market will enable the development of higher quality sources of carbon credits, benefitting both buyers and sellers and ultimately, supporting progress toward a low carbon future

In conjunction with the International Carbon Markets, India’s domestic market can play a key role in reducing global greenhouse gas emissions and enabling the larger goal of rehabilitating the entire planet

ARTICLE

THE

HAS BEEN AUTHORED BY Mr. Manish Dabkara, Chairman & MD Eki Energy Services Ltd.

SOLIS SEMINAR

The amount of power generated by a solar power system is positively correlated with the grid connected working time of the system Under the same conditions, the earlier the inverter starts up and connects to the grid, the higher the power generation For example, in the same summer, one inverter can usually start up and be connected to the grid at around 05:00, but another inverter may start later, or even 2~3 hours slower than the other. What could cause this? How can it be resolved?

In this Solis seminar, we will share with you the reasons for the later start of inverters and some related solutions Inverter start up voltage thresholds are different

Figure 1： Normally inverter, start early and shut down late s of different inverters

Different inverters have different start up voltages For example, the startup voltage of low power inverters is generally 60V 90V, and the startup voltage of medium power inverters is generally 120V 180V High power inverters it is above 190V; this also leads to different inverters starting to work at different times

A Possible PV String Problem

Too few PV modules connected in series

If the number of modules connected in series is too few, the voltage generated by the string will be low due to the lack of irradiance early in the morning. This won't reach the starting voltage of the inverter, resulting in a later start up This situation generally occurs in spring, winter or on rainy days

Solution: During the design process, ensure enough panels are configured in series to ensure the inverter and system work efficiency

PV module shading, dirt or damage

Solar modules are affected by shading, or when surrounding vegetation blocks the modules or the modules are dirty/ damaged This will all result in a low string voltage, which will cause the inverter to start late

Figure 4: PV panel occlusion and damage

System Error

Grid Overvoltage

Insulation Resistance

Insulation resistance is mainly that the insulation resistance of the DC side is detected to be too low before the inverter is connected to the grid The inverter will disconnect from the grid, enter the protection mode, and send and display an error message Such problems are likely to occur in the morning with heavy humidity and moisture in the air increases This results in a lower impedance, causing the inverter to enter the protection mode and grid connection delay

Shortly after dawn, the local power grid can experience transient fluctuations and overvoltage, causing the inverter to shut down for protection When the grid voltage returns to a standard value, the current alarm is cleared and the inverter is reconnected to the grid If it is always higher than the upper limit of grid reconnection voltage, the inverter will display grid detection or grid overvoltage Overvoltage of the power grid in the morning will cause the inverter to be frequently disconnected and connected to the grid, delaying the connection time and causing the illusion of the inverter "starting late"

Conclusion

The working time of a solar power system is positively related to its power generation. A system that starts earlier and stops later will produce more power so if your solar system starts late, troubleshoot and solve problems according to the solutions above so that your system generation is maximized and maintained At the design stage, ensure enough panels are connected to a single string to provide enough voltage for the system to start up S

Figure 3: The number of PV panels needs to be reasonable

Solution: Reasonable design in the early stage, timely correction when design problems are found; regular maintenance and cleaning of PV modules

ar Episode 15: PV Isolation Protection

Solution: Refer to Solis Seminar [Episode 25]: Solution for "OV G V0X" alarm

Figure 5: The PV system has a low impedance problem

The third key factor is system faults, such as insulation resistance, grid overvoltage/undervoltage and current leakage, etc , the most common being low insulation resistance and grid overvoltage problems

Investment prospects

remain strong in the solar power

despite constraints

VIKRAM V

VICE PRESIDENT & SECTOR HEAD CORPORATE RATINGS, ICRA LIMITED

sector

The solar power sector in India has come a long way with the tariffs coming down from more than Rs 15 0 per unit in the early 2010s to less than Rs 2 5 per unit and the installed capacity going up from less than 1000 MW as on March 2012 to over 60 GW as of September 2022 This has made it possible for the share of solar power capacity to rise from less than 1% in March 2012 to 15% of the total installed power generation capacity in September 2022. Strong policy backing from the Indian government, a sharp drop in solar bid tariffs caused by the cost of PV modules, as well as a substantial capital influx from international sovereign and private equity funds have all contributed to the capacity expansion The Prime Minister's announcement to boost the non fossil fuel based generation capacity to 500 GW by 2030, which was made at the COP26 summit, also improves investment prospects in the solar power industry

However, the developers are facing challenges owing to the elevated cell & module prices including the impact of basic customs duty (BCD) on imported cells & modules Moreover, the developers are required to procure their modules from OEMs in the approved list of models & manufacturers (ALMM), which currently comprises only domestic module manufacturers The lack of backward integration keeps the domestic module manufacturers dependent on imports for sourcing solar PV cells The development of integrated solar manufacturing units as envisaged under the PLI scheme remains important for the sector

The Prime Minister's announcement to boost the non fossil fuel based generation capacity to 500 GW by 2030, which was made at the COP26 summit, also improves investment prospects in the solar power industry.

The average price of the mono PERC modules remains elevated at 25 26 cents/watt in November 2022, increasing by over 30% from 19 20 cents/watt in December 2020. Also the cell prices remain elevated at over 16 cents/watt. This has been mainly driven by the sharp increase in the price of polysilicon, a key input for cell and module manufacturers This has adversely impacted the economic viability of the solar power projects bid out over the past 24 months, wherein the tariffs are less than Rs 2 4 per unit, aggregating to close to ~8 GW Also, the hardening of interest rates is another cost headwind for developers The cost pressure is showing up in the tariffs quoted in recent tenders, with tariffs going higher than Rs 2 5 per unit in a recent bid by Gujarat utilities and at Rs 2 8 2 9/unit in a tender by Maharashtra utility Nonetheless, from the perspective of the state discoms, the solar power tariffs remain cost competitive in relation to the marginal cost of procurement from thermal stations

In FY2022, the solar power segment added 12 8 GW, up from 5 5 GW in FY2021 Furthermore, the first half of FY2023 saw a capacity expansion of 6 8 GW, driven by a 40 GW project pipeline While solar capacity addition is likely to slow in H2 FY2023, with developers looking to defer project execution due to elevated cell and module prices, the sector's long term capacity addition prospects remain strong, supported by policy focus, tariff competitiveness, and large capacity targets to meet climate action goals

Moreover, the developers are required to procure their modules from OEMs in the approved list of models & manufacturers (ALMM), which currently comprises only domestic module manufacturers. The lack of backward integration keeps the domestic module manufacturers dependent on imports for sourcing solar PV cells."

Corporate Renewable Procurement A Bridge Too Far?

ANIMESH SHARMA

HEAD OF BUSINESS DEVELOPMENT (C&I BUSINESS), HERO FUTURE ENERGIES

With the culmination of the COP27 summit, the world will once again look towards India to step up and spearhead the fight against climate change With a brightening economic outlook and several multinationals setting up manufacturing hubs in the sub continent, India will have to look at cleaner sources of energy to set a benchmark for other countries to emulate

Before taking a deep dive into what the future looks like for corporate renewable procurement in India, let’s take a quick ounce of situational awareness Today India is the 3rd largest carbon emitter globally & with the C&I sector accounting for around 40 45% of the total energy consumption, India Inc ’s carbon footprint is enormous & presents a considerably large opportunity to de carbonize Having said that, the shift to green energy has been sub optimal, to say the least. Embarking on a journey towards solar & wind integration into the C&I energy mix in the early 2010s, the last decade witnessed a total RE installation base of 21 GW catering to the C&I sector; a drop in the ocean when compared to the total sectoral demand of 90 GW

So despite a sizeable demand for clean energy & being naturally blessed with abundant sunshine & wind resources why haven’t we seen renewables skyrocket? RE initiated its entry into the C&I mix through rooftop solar projects and was immediately limited by ambiguities and capacity limitations A company having intermittent loads could never really scale up its use of idle roof space unless it was ready to curtail generation and pump up the solar LCOE Discoms moving towards gross metering and slapping arbitrary charges on rooftop generation started casting darker clouds on the rooftop solar model Consequently, C&I rooftop installations are only around 7 GW today, < 10 % of the C&I energy mix. To further drive my point on the impact a conducive policy can have on RE adoption let’s take a look at the results in Karnataka Post announcing its policy order in 2014 the C&I open access installations stood at a stellar 2 GW (1 7 GW Solar & 800 MW Wind), but since the expiry of the policy period, the RE adoption pace is back to simmering slow motion

What will it take to witness a deeper penetration of renewables into corporate India? Does the future seem bright? Will this be a decade of reckoning when India Inc. makes a paradigm transition towards clean

Today India is the 3rd largest carbon emitter globally & with the C&I sector accounting for around 40 45% of the total energy consumption, India Inc.’s carbon footprint is enormous & presents a considerably large opportunity to de-carbonize.

energy? There surely is hope from a demand creation standpoint While cost economics drove RE adoption since inception, more and more corporates are now having net zero mandates, giving them more reasons to source clean energy This adds manifold to the RE demand creation on the consumer side Positivity also stems from a few policies (albeit yet in the draft stage) like Green Open Access, ISTS waivers, and GNA which once enforced will further fan the fire “Green Open Access Rules” specifically have the potential to open the floodgates by letting consumers with contract demands of 100 kW and above avail of open access This augers well with the sprawling Indian MSME segment eager to make its move towards RE procurement

The time is also ripe when we will see new technologies and business models coming into play Plain vanilla solar & wind selling power via conventional delivery based contracts may only help offset a maximum of 30 to 40% energy to clean sources and if we are to reach the holy grail of 100% RE procurement, we will have to innovate across the value chain It's only a matter of time before energy storage becomes mainstream and abates dependence on draconian regulations like power banking and net metering allowing larger installed capacities

Non delivery based contracts like VPPA’s may finally start seeing the light of day The VPPA market size according to a WWF report is optimistically pegged at around 70 GW by 2030 That is almost 20 % of India’s ambitious RE target of 500 GW capacity by 2030. Finally, the ever so versatile molecule of Hydrogen may start making inroads & lead to cleaner industrial heating, powering, and mobility

To sum up, India has its fair share of bright engineers and financial managers who can make most clean technologies viable for corporate India However, they need to be backed by the necessary catalyst of favorable policies and a robust domestic supply chain for a transformation Interesting times lie ahead, let’s wait and watch if India can usher in a paradigm shift in the way we source our energy.

What are Some Upcoming Trends in India's Utility Scale Solar Installation?

manner and on a 24X7 Round The Clock (RTC) basis In the backdrop, Govt of India has issued RE Purchase Obligation (RPO) including Solar, Wind, Hydro etc and Energy Storage Obligation (ESO) till 2029 30 in July 2022

PRASHANT CHOUBEY

PRESIDENT, AVAADA GROUP

India’s renewable energy sector has grown incredibly in the last decade, driven by a conducive policy and regulatory environment at both state and central government levels Renewable installed capacity has increased to 118 GW, making India the largest renewable energy market globally Solar power growth has been impressive, with installations touching almost 60 GW in 2022 It plans to have 500 GW of renewables by 2030, of which close to 300 GW needs to come from solar The next decade of India will see a paradigm shift in the Indian solar sector space due to changes in some underlying factors impacting it

Indigenous manufacturing of PV Modules and Solar Equipment

The shift from foreign dependence to domestic manufacturing will be one of major trends that are going to change the sector dramatically The government of India’s affirmative policy initiatives such as the imposition of Basic Customs Duty (BCD) on the import of PV Modules w e f April 1, 2022, and a mandate to use modules under the Approved List of Module Manufacturers (ALMM) have greatly boosted Aatmanirbhar Bharat The Phase I of the Performance Linked Incentive (PLI) of Rs 4500 Crores has already been awarded, and Phase II of the same scheme with an allocation of INR 19500 Crores is under implementation

Increased access to solar power

Solar, a sustainable energy source, is increasingly becoming the mainstay of power supply for DISCOMs, the C&I segment, and households in India. Access to solar power resources is expanding and likely to improve further with the government’s Green Energy Open Access Rules 2021 As this market becomes more mature, virtual PPAs and Contracts for Difference (CFD) will also see the light of day The Supreme court’s verdict on jurisdiction issues between SEBI and CERC is an important step towards the same As the C&I segment strives for sustainability and more green energy, this market would be an important area to watch for.

Emerging importance of floating solar plants

land is an expensive and scarce resource in India, so floating solar photovoltaic (FSPVs) plants are emerging as a strong alternative to harness solar energy. Companies are exploiting the idea of solar PV installations on an artificial basin, such as a water body, which produces more output for large scale energy production Ramagundam Floating Solar of 100 MW, the largest and 600 MW in Omakershwar Dam Reservoir in Madhya Pradesh, is currently underway

The targets are to reach 43.33% RPO and 4% of ESO by 2029 30. Solar, in terms of other RPO, forms the highest share of 33 57% by 2029 30

With Solar being more cost effective than thermal power, DISCOMs prefer solar to be a larger share of their energy procurement mix The emerging trend in RE procurement may set in with Firm, and Flexible Solar Supply complemented with other RE following DISCOM Demand Curve.

Solar combined with other Renewables such as Wind and Hydro offers an excellent opportunity to make renewable power available beyond the s ects, in combination with Energy Storage S ery Storage, Pump Storage, etc , has even m power in a more firm and dispatchable

Energy transition based on Green Hydrogen is likely to provide massive impetus to capacity addition in Green Hydrogen space Government’s National Hydrogen Mission launched on India’s 75th Independence Day (August 15 2021), aims to aid the government in meeting its climate targets and make India a global green hydrogen hub The related development of solar and renewable energy capacity will help to achieve the target of producing 5 million Metric Tonnes (MMT) of Green hydrogen by 2030.

Digitalization and Artificial Intelligence

Digitalization is expected to transform every aspect of the solar industry, from research to production and infrastructure More companies are trying to use machine learning and AI artificial intelligence to improve the commercial viability of their solar projects Using data, drones, robots, and software solutions in the renewable sector is an interesting trend, especially when homegrown countries invest extensively in Information Technology (IT).

Virtual Power Plants and Blockchain Trading

Players in the energy market are looking at using Virtual Power Plants (VPP) and Blockchain technology to get direct access to solutions, purchases, and products VPP and Blockchain will allow Investors, Solar Developers, Consumers, etc , to buy and sell directly, eliminating the need for intermediaries Besides the cost benefits, VPPs and Blockchain will also allow companies to implement solar energy solutions more efficiently within a budget, especially for the commercial sector

Solar energy is clearly and by far the only alternative that has emerged over the years for every stakeholder. With evolving trends, more companies and investors are likely to enter the renewable sector, it is the right time to invest in the Indian solar sector, considering the increasing prices of POL, a looming concern for the Indian economy AI, Blockchain and IoT will help support demand side management and larger solar penetration and make the distributive energy ecosystem efficient

Firm and Flexible Solar Supply complemented with other RE following DISCOM Demand Curve National Hydrogen Mission - A Promising Green Future awaits India to unleash its huge Solar Potential

Photo caption: Bikaner Solar Power Plant, Rajasthan, one of the world’s largest solar power plant at a single location by any IPP in India with a capacity of 1246 MW

Solar with Storage

The Enabler for the next growth phase of Solar

DEBMALYA SEN

MANAGER, KPMG INDIA

The growth of solar PV as a technology over the last decade has been exceptional, technological advancements along with innovation has helped the technology to enjoy a continued price decline in module prices over the years. This has also helped the levelized cost of electricity produced from solar PV to see a steady decline across years which automatically made it a preferred choice for installations Talking of India alone, the country had negligible amount of solar PV installed in 2010, today it has surpassed wind and by 2031, as per National Electricity Plan 2021 it is forecasted to become the dominant fuel in the Indian installed capacity mix The last few years has seen some challenges owing to COVID disruptions as well increase of raw material costs of key components for solar PV This has resulted in the cost decline to stall and in certain cases also increase the end LCOE. One more factor to worry about in a grid which will be solar dominant is the increase in variability that solar brings along being a variable resource and its intermittent supply Thus, as the world inches towards achieving net zero, it is essential to make solar PV as a technology more reliable, dispatchable and addressing its intermittent nature While the efficiency part is being taken care by continued R&D and developments on the manufacturing part to make solar PV as a technology more reliable and round the clock it will need the support of energy storage as a technology to help it by acting as an enabler to spearhead the next growth phase for solar PV deployments

Energy storage allows solar PV as a technology to negate the challenges it faces at present, namely, intermittency and variability Storage also helps solar cater to its supply demand mismatch and to certain extent also address to the duck curve issue which countries like California Australia Canada has been facing over the last couple of years Storage through its “energy arbitrage” and time shifting use case helps in storing the excess solar energy being generated in afternoon hours when demand is low and replenish the same to the grid in evening hours when solar generation plummets while at the same time the demand peaks The decreasing cost of batteries, especially Lithium Ion (90% drop in cell level costs over the last decade) has significantly increased the attractiveness of solar + storage as an effective solution as against a standalone solar or a standalone BESS plant The combination is a win win for both technologies, while for solar it helps to make solar address its intermittency and deliver reliable round the clock power, for

batteries which are still expensive as a standalone solution, it helps it to reduce its LCOE through blending with solar. The main benefit here comes from the last that many components in such a collocated plant can be pooled which helps in further optimizing cost Taking example of US, solar with storage deployments have seen a surge over the last couple of years with more than 30% of projects in interconnection queue at the end of 2021 being solar coupled with storage The PPA prices saw a drop of 15% between 2017 and 2020, this even with increasing amount of storage penetration in projects India too over the last four years saw increasing traction for solar with storage projects specially for remote geographies and islands. At present India has two big scale solar with solar projects installed, one in Andaman and Nicobar Islands (20 MW solar with 8 MWh of BESS) and the other in Modera, Gujarat (6 MW solar with 15 MWh of BESS)

Storage through its “energy arbitrage” and time shifting use case helps in storing the excess solar energy being generated in afternoon hours when demand is low and replenish the same to the grid in evening hours when solar generation plummets while at the same time the demand peaks.

It is well understood and appreciated that for India to achieve its target of 500 GW of renewables by 2030 of which 39% (NEP 2021) is estimated to come from solar, energy storage will be a critical enabler for solar PV to achieve the same As being discussed in different forums by MNRE, all future RE projects will be promoting storage participation in the same The recent tenders being issued by SECI and a few state DISCOMs like UPPCL, GUVNL and MSEDCL also has seen an uptick towards renewables supported with storage from the erstwhile plain vanilla solar or wind tenders Solar PV has seen significant growth over the last decade, for the same to continue henceforth as written above it will need an enabler apart from technological improvements and batteries, comes in as that required enabler for solar PV to continue its growth journey

The US Solar with storage PPA prices saw a drop of 15% between 2017 and 2020, this even with increasing amount of storage penetration in projects.

Potential of India's Virtual Power Purchase Agreements

In residential and commercial complexes with multiple resources shared across consumers

DHWANI SUNKU

HEADOFBD GROWTH& PARTNERSHIPS,U SOLAR

The infrastructure required to improve virtual power plant transactions for corporate in India is already a reality with some very large IPPs that have renewable assets across sources such as solar, wind, storage and even hydrogen From a policy perspective, our new electricity regulation will permit interstate energy transmission, which will further go to fuel the VPP market

Many states have even gone so far as to incorporate peer to peer transactions in their regulations (Uttar Pradesh and Karnataka for instance). There are a few potential business cases for VPP to be incorporated,

Within the state utilities and larger RE IPP asset owners to improve the energy mix for a region Decentralized peer to peer transactions among similar energy consumers (such as an IT or industrial park with all having clean mandates)

The last mile is the integration of digital technologies to incorporate this multi layered energy management and resolution solutions for energy consumers and developers.

U Solar is partnering with some very key digital infrastructure players in the market that not only have the ability to create VPPs but also work towards overall net zero solutions for the corporate clientele Distributed renewable energy coupled with energy management, storage solutions, and digital infrastructure could be the first step in creating the foundation for larger VPPs for C&I segments in India Off site RE projects to eliminate any further consumption of fossil fuel will be most probable with a much larger IPP this disruption is not too far in the future, in fact, there are successful pilots.

RISHU GARG

POLICYSPECIALIST,ENERGY& POWERSECTOR,CSTEP

In line with last year’s commitment to achieving net zero by 2070, India, at its pavilion at the 27th session of the Conference of Parties or COP27 is talking about a climate friendly, sustainable lifestyle As renewable energy (RE) plays a huge role in cutting down GHG emissions, the country has already pledged to have 500 GW of non fossil fuel based capacity by 2030.

Virtual power purchase agreements (VPPAs) have emerged as a popular mechanism the world over for improving RE penetration A VPPA is a bilateral contract entailing a financial agreement between a generator and a buyer of RE, without any physical delivery of energy Under the agreement the generator receives a fixed RE price from the buyer, and transfers the green attributes to the buyer The generator continues to sell power in the market at the prevailing market price If the market price is greater than the fixed price agreed with the buyer, the generator pays the difference (amount) to the buyer, while if the market price is lesser, the buyer compensates the generator for the difference The consumer (buyer) is also free to source its power requirement from other sources such as distribution companies, power exchanges, etc

Globally, VPPA’s potential for achieving RE targets is established

According to Bloomberg NEF in 2019 around 100 corporations signed clean energy contracts for a 19 5 GW capacity, of which 80% were V physical PPAs, VPPAs offer strategic

advantages like positive environmental impact, no physical requirements of electricity delivery, economic gains if traded wisely, and a reliable source of green certificates over time

The World Wide Fund India report “Virtual Power Purchase Agreement for C&I Consumers in India” released in June this year has highlighted the huge potential of VPPAs, putting their total estimated demand at 104 GW by 2030 This can help in meeting 27% of the nation’s 500 GW non fossil fuel based capacity target Commercial and industrial consumers (constituting 50% of total electricity consumption) can influence the growth of VPPAs considerably, which can go a long way in meeting India’s sustainability goals

But India is yet to see the uptake of VPPAs, primarily due to the regulatory jurisdiction dispute that surrounded it for over a decade. Last year, the Supreme Court settled the tussle between the Securities and Exchange Board of India or SEBI (that has jurisdiction over all financial instruments/contracts), and the Central Electricity Regulatory Commission or CERC (that exercises power as the national electricity regulator). The verdict said that CERC would regulate the physical delivery based forward contracts and SEBI would regulate the financial derivatives

While the ruling has cleared the path for VPPAs, more measures are needed for their effective utilization as an enabler of carbon neutrality. Better clarity and awareness about the ruling need to be built among the concerned parties Also, a proper framework for the bilateral transactions of green certificates, single window clearance for VPPAs, and standardized PPA documents for such transactions would be needed. Further given that VPPAs are exposed to dynamic market pricing, appointing a hedging entity would be crucial to deal with the related aspects

When implemented well, these measures together with the recent initiatives of the Government towards promoting innovative solutions for RE procurement (like introducing green tariff policy and notifying “Promoting Renewable Energy Through Green Energy Open Access Rules, 2022”) can help realize the potential of VPPAs

How Green Hydrogen Policy Can Lead to India's Energy Import Independence?

As per NITI Aayog, the cumulative green hydrogen market in India could be $8 billion by 2030 and $340 billion by 2050 and Electrolyser market size could be $5 billion by 2030 and $31 billion by 2050

ABHILASH SAVIDHAN

LEAD, HYDROGEN SYSTEMS, NEW ENERGY, MOBILITY GROUP, A DIVISION OF RELIANCE

INDUSTRIES LIMITED

India is the world’s third largest importer and consumer of petroleum In 2021 22 India spent USD 119 2 billion on petroleum Also, oil prices have been very volatile with prices surging from January and going up to USD 140 in early March This will impact the country’s macroeconomic parameters

After China and the US, India is the third largest emitter of CO2 with 2,654 million tons of CO2 (2019 data)

During the Glasgow COP26, India has presented the Following five nectar elements (panchamrit) reiterating our commitments to fight climate change by targeting to limit temperature rise limits compared to pre industrial levels ( 1750) as set by the Paris Agreement

Reach 500GW non fossil energy capacity by 2030

50 percent of its energy requirements from renewable energy by 2030

Reduction of total projected carbon emissions by one billion tonnes from now to 2030

Reduction of the carbon intensity of the economy by 45 percent by 2030, over 2005 levels

Achieving the target of net zero emissions by 2070

India has also revised her original Intended Nationally Determined Contribution (INDC) submitted to the United Nations Framework Convention on Climate Change in October 2015 We stand committed to reducing the emission intensity of our GDP by 45% by 2030 with respect to 2005 levels and are targeting cumulative electric power installed capacity from non fossil sources by 50%.

Now, these are some really lofty targets to meet and green hydrogen has a major role to play in meeting these targets This is where the National Hydrogen Mission which the Prime Minister announced on the 75th Independence Day comes in, to meet India’s climate targets and energy independence The intent is to become energy independent by 2047 Green hydrogen can combat climate change by reducing CO2 emissions with the right collaboration and synergy between the industry, government and technology developers and can help realize energy independence dreams,

Hydrogen/Ammounoa produced by electrolysis of water using renewable energy (including energy which is banked) and from biomass

What are the ingredients in the recipe we need to make this possible?

Electrolyser and Affordable Electrolyser Manufacturing

Low cost green hydrogen Investment in Hydrogen Research

Decarbonising

This shift from imported fossil fuels to ‘Made in India’ hydrogen would mean huge savings on foreign exchange and no price volatility and vulnerability to geopolitical issues.

But for all these to happen, it is important to bring down costs, localization of technology parts involved in various industries/sectors and of electrolyzers and most importantly to ignite the spark in local consumption of hydrogen and create the entire ecosystem and value chain Identifying the location of hubs for the production of green hydrogen is also one critical area that needs to be carefully considered for the optimization of storage/transportation costs

Fortunately, India has a very high potential for solar energy with 300 clear sunny days with solar radiation ranging from 4 KWh/m2 to 7 KWh/m2 And we have some of the most competitive levelized costs of electricity (LCOE) for solar and wind in the world LCOE is a measure of lifetime costs, divided by total lifetime energy production LCOE= total lifetime cost/total lifetime energy production It represents the price point at which the energy is to be sold in order to achieve a zero Net Present Value.

LCOE can be affected by technical parameters of the Solar PV or Wind Energy that is used for the generation of renewable energy and the electrolyser/its technology used for the generation of green hydrogen like, efficiency, capacity factor, degradation rate and so on. This is where we need to work, to improve efficiency, capacity and durability, in addition to the cost of course

We as a country have made some tough commitments and have set some tough targets But, as we can see, we have all the pieces of the puzzle with us. It is just putting the jigsaw together. And with the Green Hydrogen Policy and the support announced in it by the government, the ball is already rolling Corporates and industrial houses are aligning with the national goal with many having set their net zero and decarbonization goals and plans What comes to my mind is the snake boat races they have in Kerala, where one snake boat can accommodate more than a hundred people And they have some 95 oarsmen, 5 controllers and some 10 odd people to motivate the rest These ‘motivators’ sing the boat race song and the oarsmen row to the tempo of the song and the controllers help maintain the beat/rhythm

This is what we need here With all the stakeholders working with passion and in unison, with clearly set goals and set of action India can achieve her Energy independence using Green Hydrogen Remember, stars are made of hydrogen!

Disclaimer: Opinions Expressed are Personal

In 2021

119.2

RAMPRASAD T

SENIOR ANALYST, STRATEGIC STUDIES SECTOR, CSTEP

India has set ambitious medium and long term renewable energy targets to counteract the adverse effects of climate change, one of them being the commitment to increase the share of its renewable power capacity to 50% by 2030 After going through multiple hype cycles, hydrogen has now finally found its moment under the sun. Governments and private stakeholders are keen on framing policies and funding projects utilizing its favorable properties, namely high specific energy density and clean emissions

According to the BP Statistical Review of World Energy, India imported around 45% of its energy requirement of 35.4 EJ in 2021 22. India imported 212 Mt of crude oil and 31 billion cubic meters of natural gas, amounting to nearly USD 114 billion as per the statistics released by the Ministry of Petroleum and Natural Gas Further, the Government in response to a question in the parliament has stated that India imported 209 Mt of coal to meet its fuel and feedstock demand, of which coking coal is 28% (used in the steel industry) In addition to causing significant strain on the exchequer, the imports are subject to geopolitical dynamics This necessitates the need to develop a significant degree of energy independence

India released its green hydrogen policy (production of H2 using renewable sources) with a vision to use hydrogen in the industry as fuel and feedstock to meet its climate targets and insulate itself from the shocks of dynamic geopolitical situations Presently, India consumes around 6 Mt of hydrogen (produced using fossil fuels), the major demand centers being refineries and fertilizers (ammonia) The demand is expected to rise to 19 Mt by 2050 according to a report by the Center for Study of Science, Technology, and Policy (CSTEP), with newer applications of green hydrogen in steel production, long haul transport, and the city gas distribution network Considering that India is endowed with vast solar potential, it is envisaged that the electricity required for electrolysis can be produced through decentralized solar plants The waiver of interstate transmission charges is expected to make the production of green hydrogen economical The concept of green hydrogen hubs, or hydrogen valleys, in designated locations around the country, is expected to develop the entire value chain of hydrogen production, consumption, and intermediate storage and transportation under a single umbrella

The challenges that need to be addressed are the rapid and economic scaling up of renewable energy infrastructure in the country Assuming that all hydrogen is green in 2050, India will need a total of roughly 1000 BU of electricity, which is nearly equivalent to its present electricity consumption India’s total renewable generation for 2021 22 was 171 BU, as per CEA, which is enough to produce 3 4 MT of green hydrogen To summarise, it will take more than a shiny day and a multitude of arrayed solar panels for India to be energy independent without compromising on the quality of life

How Solar Rooftop Phase II Extension Can Accelerate India's Lagging Rooftop Market?

NITHYANANDAM YUVARAJ DINESH BABU

EXECUTIVE DIRECTOR, POWER & UTILITIES AND CLIMATE CHANGE ASSURANCE & SUSTAINABILITY SERVICES, EY

The necessity for the extension of the MNRE’s Rooftop Solar Phase II Program need not be overemphasized. Reasons are aplenty viz., recently launched National Portal for Rooftop Solar, a significant amount of unutilized subsidy and incentives, country gearing up for scaling implementation of rooftop solar, banks stepping up funding for rooftop solar, emerging viable storage solutions, progressive DISCOMs promoting rooftop solar, increasing quality supply and service providers etc.

A quick glance at the current status of MNRE’s Rooftop Solar Phase II Program shows that under Component A, MNRE has sanctioned 3 GW against the target of 4 GW, and under Component B, MNRE has released INR 300 Crs as incentives for DISCOMs for annual incremental rooftop solar installed capacities

Recently, our Hon’ble Prime Minister, Shri Narendra Modi launched Mission LiFE Lifestyle for Environment which is expected to be an India led global mass movement that will nudge individual and collective action to protect and preserve the environment Rooftop solar for the residential sector is undoubtedly one such individual and collective action. Citizen centric actions such as rooftop solar for meeting individual power needs will go a long way in meeting India’s updated Nationally Determined Contribution (NDC) submitted to UNFCCC in August this year

The State of Gujarat has led the example of empowering its residents and has democratized the use of solar energy through its SURYA Surya Urja Rooftop Yojana Gujarat has enabled the installation of over 1 2 GW in the residential sector by matching MNRE subsidy with state subsidy which led to an accelerated implementation Gujarat has empanelled over 700 rooftop solar vendors to meet the demand aggregated through exemplary outreach activities and awareness creation besides a unified digital platform and a dedicated DISCOM workforce Other determined States can replicate Gujarat’s success by incorporating the best practices Gujarat’s and India’s first solar village, Modhera also showcases how the entire residential consumers could be powered through rooftop solar Kerala, Rajasthan, Haryana, and Uttar Pradesh are other top four states which have emerged successful in enabling the creation of an ecosystem for rooftop solar growth in the residential sector

MNRE’s engagement of Public Sector Units (PSUs) for assisting State DISCOMs to design and deploy outreach activities and awareness programs is the need of the hour as DISCOMs are resources constrained Deep mass awareness programs on the benefits of rooftop solar are bound to yield the desired results for those determined DISCOMs

Several Indian Banks have now debt products for lending for residential rooftop solar direct lending home improvement loans and new home loans with solar MNRE has published this data online as well on its rooftop solar website which will further encourage other banks to lend given that RBI’s Priority Sector Lending increased lending quantum for renewable energy The World Bank’s dedicated concessional line of credit of $165 Mn for residential rooftop solar is expected to further boost financing for this underserved residential segment This line of credit will not only assist MNRE’s rooftop solar target to be achieved but also serve as a catalyst for increased residential sector lending by Banks Debt facilitating platforms are also emerging for increasing access to financing residential rooftop solar systems

The extension of the MNRE Phase II Rooftop Solar Program will enable consolidation of the residential rooftop solar market as the market has started sensing the huge demand in this sector Be it quality products &

Kerala, Rajasthan, Haryana, and Uttar Pradesh are other top four states which have emerged successful in enabling the creation of an ecosystem for rooftop solar growth in the residential sector.

services, growing active vendors, access to finance, mass outreach activities, digital solutions, battery storage solutions, etc , the rooftop solar sector is recently witnessing it at par with any other FMCG Continued support by MNRE through subsidy, expanding its access through its recently launched Nation Rooftop Solar Portal, and encouraging grants for virtual net metering projects for rural areas (urban areas are recommended to be included as well) will certainly catapult installation of rooftop solar in the residential sector and ensure its sustained operation beyond 2026 as well

PRAMOD DEORE

From the point of view of solar companies in the residential rooftop segment, the introduction of this subsidy program will ease their cashflows As per the previous process, the subsidy used to be credited to the bank account of the solar company The subsidy amount was disbursed by the state government which resulted in regular delays and a working capital crunch for the solar companies In contrast to the old process, subsidies will not be deducted from the amount charged by the solar companies to residential customers

The potential of the solar rooftop market was identified long back But even after so many years, the residential rooftop market has not been able to reach its anticipated potential Under the solar rooftop phase II extension, 4,000 MW of solar rooftop capacity is targeted through Central Financial Assistance (CFA) in the residential sector This shall work as a catalyst for rooftop solar capacity addition in urban as well as rural areas. The introduction of the ‘National Portal For Rooftop Solar’ under the Central Government Rooftop Solar Subsidy Programme will make the project registration, DISCOM approval, Net Metering Application, Net Meter installation, and subsidy disbursement process more transparent and user friendly

Also, as per the new process, no empanelment will be required with the state nodal agencies. This will reduce the processing time substantially as the solar company and the client will have to deal with only one agency i e DISCOM

The entire process has been made completely online This will avoid the unnecessary hassle of frequent nodal office and DISCOM office visits. The entire aim of Introducing the National Portal is to speed up solar rooftop installation across the country

Apart from the CFA offered by the central government, many solar companies have tie ups with private banks and NBFCs for offering loan options to the clients which is an enabler for quick decision making

COO (ROOFTOP SOLAR), CLEANMAX

Policy Debrief

Additional Surcharge Increased To Rs.1.14/kwh For Open Access Solar Projects In Uttarakhand

In the context of the petition filed by Uttarakhand Power Corporation Limited (UPCL) to raise the additional surcharge for the open access solar consumers to Rs 1 19/Kwh from Rs 1 07/Kwh, Uttarakhand Electricity Regulatory Commission (UERC) has revised the additional open access surcharge to Rs. 1.14/Kwh from Oct 1, 2022, to March 31, 2023 The commission used the weighted average fixed price and the amount of open access drawl to calculate the stranded electricity cost due to consumers with open access from October 1, 2021, to March 31, 20,22 The commission then considered the recovering cost of power over the next six month period, i.e. from October 1, 2022, to March 31, 2023.

Haryana Commission Fixed Additional Surcharge To Rs. 0.78/Kwh For Open Access Consumer

In the context of the petition filed by Uttar Haryana Bijli Vitran Nigam (UHBVN) and the Dakshin Haryana Bijli Vitran Nigam (DHBVN) to determine the additional surcharge for the open access consumers, Haryana Electricity Regulatory Commission (UERC) has approved the additional surcharge for open access consumer to Rs 0 78/Kwh from Jan 1, 2022, to June 30, 2023, or 1H FY 2023

Adani Electricity Mumbai Limited ("AEML") To Procure 1GW Renewable Power Bundle With Thermal Power Central Regulatory Commission Announced Levelized Tariffs For Small Hydro, Biomass, And Biogas Projects For FY 2023

Adani DISCOM, Adani Electricity Mumbai Limited ("AEML") sought permission from Maharashtra Electricity Regulatory Commission (MERC) for the purchase of 1000 MW from grid connected renewable energy plants bundled with coal based power projects on a round the clock basis (RTC) After analyzing all Adani DISCOM's inputs, MERC authorized AEML to buy 1000 MW of combined renewable and thermal power The approval of the capacity should be 500 MW and 500 MW more under the greenshoe option The greenshoe is only available if Adani Dahanu Power Station does not extend its 500 MW supply after the Oct 2024 procurement process

In the context of the Ministry of Power (MoP) and the Ministry of New and Renewable Energy (MNRE)’s expressions of interest (EOI) from state governments to set up manufacturing zones for power and renewable energy equipment, Madhya Pradesh Industrial Development Corporation (MPIDC) declared successful bidder to set up manufacturing zone for solar and renewable energy equipment

Green Energy Open Access Portal Launched By Union Minister

The Central Electricity Regulatory Commission (CERC) has issued levelized generic tariffs for small hydro projects, biomass power projects with rankine cycle technology, non fossil fuel based cogeneration projects, biomass gasifier based power projects and biogas based power projects for the financial year (FY) 2022 23

Union power minister Mr.R.K.Singh recently launched the green electricity open access portal allowing consumers easy access to green power through transparent, simple, uniform, and streamlined processes Any consumer having a connected load above 100kW can obtain renewable energy through open access from any renewable energy generating projects they have set up or any RE developer

HimachalPradesh, Uttarakhand,WestBengal, NorthEastStatesandUnion TerritoriesofJammuand Kashmir&Ladakh

HimachalPradesh, Uttarakhand,WestBengal, NorthEastStatesandUnion TerritoriesofJammuand Kashmir&Ladakh

OtherStates

Madhya Pradesh Declared As Successful Bidder to Set Up Manufacturing Zones For Solar And Renewable Energy Equipment

GREEN HYDROGEN

Technology Overview

Hydrogen, as an energy carrier, can be used for a wide array of energy and industrial applications. It can also be stored for a long time and is becoming crucial for achieving the decarbonization of hard to abate sectors Hydrogen is produced through the electrolysis of water using electricity from different sources Declining prices of hydrogen, coupled with growing urgency for decarbonization means the global demand for hydrogen could grow by almost 400 percent by 2050, led by industry and transportation

Green Hydrogen/Green Ammonia shall be defined as Hydrogen/Ammonia produced by way of electrolysis of water using renewable energy; including renewable energy that has been banked Green Hydrogen can be manufactured by a developer by using renewable energy from a co located renewable energy plant, or sourced from a remotely located renewable energy plant, whether set up by the same developer, or a third party or procured renewable energy from the power exchange

Although hydrogen is the lightest and most abundant element in the universe, it is rarely found in nature in its elemental form and always must be extracted from other hydrogen containing compounds It also means that how well hydrogen contributes to decarbonization depends on how clean and green the method of production is Based on the sources and processes, hydrogen can be classified into various colours:

Black/Brown/Grey hydrogen is produced via coal or lignite gasification (black or brown), or via a process called steam methane reformation (SMR) of natural gas or methane (grey) These tend to be mostly carbon intensive processes

Blue hydrogen is produced via natural gas or coal gasification combined with carbon capture storage (CCS) or carbon capture use (CCU) technologies to reduce carbon emissions

Green hydrogen is produced using the electrolysis of water with electricity generated by renewable energy The carbon intensity ultimately depends on the carbon neutrality of the source of electricity (i.e., the more renewable energy there is in the electricity fuel mix, the “greener” the hydrogen produced)

Central to the green hydrogen production process is the electrolyzer technology Alkaline and polymer electrolyte membrane (PEM) electrolyzers are two commercially available technologies for green hydrogen production today Advanced electrolyzer technologies like solid oxide and anion exchange membranes nearing commercial deployment as well Other less prevalent sources of production include bio hydrogen which can either be produced by an SMR process around methane produced by anaerobic digestion of organic waste or through a fermentation process by bacteria

Green Hydrogen producing through an electrolysis technique where water molecules (H2O) contain hydrogen (H) The H2 is separated from the O in a process called the electrolysis of water in a unit called an electrolyzer Electrolysis is the technique used to produce hydrogen that consists of “breaking” the water molecules using an electric current in an electrolyzer to extract the dihydrogen H2. The electricity must itself be carbon free to consider this hydrogen as green or renewable

Adoption of green hydrogen will also result in 3 6 Giga tonnes of cumulative CO2 emissions reductions by 2050 Energy import savings from green hydrogen can range from $246 billion to $358 billion within the same period as per the Niti Aayog report Beyond the financial savings, the energy security that green hydrogen provides will translate to less volatile price inputs for India’s industries as well as strengthen India’s foreign exchange situation in the long run

Greenfield Coal-Based Plants Must Have 25% Compulsory Renewable Power Generation Clause - Ministry of Power

The Ministry of Power (MoP), recently proposed that any coal based thermal generation station built after April 1, 2024 must install or procure renewable electricity equivalent to 25% of its thermal generation capacity To implement the regulation, the ministry intends to amend the Tariff Policy 2016, to add the provision of "Renewable Generation Obligation (RGO)”.

This regulation proposes that thermal generators may procure power from grid connected renewable power projects with a minimum of 5 MW capacity by purchasing power through competitive bidding Any obligated entity that purchases renewable power under the proposed regulation will be deemed to have fulfilled its renewable purchase obligation (RPO) by the state electricity regulatory commission (SERC) In the event that setting up a greenfield renewable project is not feasible, thermal generators may also consider virtual power purchase agreements (VPPA).

A VPPA is a bi lateral contract between the generator and the consumer that takes place outside the power market There is no physical transfer of power In VPPA, the generator will continue to

sell power as brown power on the power exchange, but it will transfer the green attributes to the energy consumers with whom they have signed a VPPA The consumer has the freedom to source his physical power requirements in the best possible way like via a DISCOM or power exchange, bilateral mode or captive mode A VPPA establishes a strike price between the generator and the consumer The strike price is then compared to real time power exchange prices where the generator sells physical power. The difference between these prices is then settled between the parties This kind of settlement is called Contracts for Difference (CfD)

Since the Supreme Court of India has cleared most of the regulatory issues, the proposed policy could spark the VPPA market in India

MARKET STATISTICS

Renewable capacity additions continue to increase at a rapid pace in India, accounting for approximately 28 96% of total India’s power capacity at the end of September 2022 India’s total installed power capacity stood at over 407 GW at the end of the calendar year Q3 2022 from all the sources, with renewables accounting for ~118 GW making up 28.96 % compared to cumulative renewable energy installations of 101 53 GW at the end of September 2021, which represented a growth of 16 30% year over year Solar power accounted for approximately 60 81 GW of installations, which represents 14 91 % of the total installed power capacity. The share of Solar power in the installation mix grew by 31 42 % in September 2022 compared to September 2021 Among the renewable, Wind and Solar constitute around 86% of the total renewable, Wind Power installed capacity at the end of Q3 2022 was around 41.66 GW which represents 10.2% of the total power capacity installed

INDIA POWER MIX

India installed over 10 GW of Solar PV projects in the first three quarters of the calendar year 2022 till September 2022 The country's total installation crossed 60 8 GW by the end of the third quarter of CY 2022 Rajasthan installed over 15 2 GW, there is a growth of 89% year over year with the installation of over 8 GW by 30th September 2021 Among the Top Solar States such as Gujarat Telangana and Maharashtra, each state stepped one position ahead compared to their position in 2021 in the same period There was a growth of over 31% year over year compared to the total Solar PV installation of 46 2 GW by 30th September 2021

INDIA RENEWABLE MIX

Total renewable energy generations in September 2022 reach 16 943.29 million units, there is a growth of RE generators by around 17 % over September 2021, where the RE generations were 14,488 86 million units, also there is a decrease of over 2 % quarter over quarter from Q2 2022 to Q3 2022 where the generation from RE was 55 486 billion units in Q2 2022 to 54 338 billion units in Q3 2022 Solar Power generation has been increasing by over 50 % year over year from September 2022 to September 2021, Wind Power generation has declined by almost 5% in the same period

The Ministry of New & Renewable Energy (MNRE) has issued an Approved List of Models and Manufacturers (ALMM) order dated 2nd January 2019 Many large Solar PV tenders are mentioning the requirement of ALMM registered panels, also to decide the tariff based on that, but the Indian Solar market is being dominated by Chinese players who are not able to get their capacity enlisted under ALMM I to be supplied to these projects As per the last update from MNRE, around 18,788 MW of module manufacturing production capacity has been enlisted under ALMM l with 75 companies.

Gujarat

9978 MW 2410

The Solar PV module manufacturers from Gujarat got the maximum approved capacity under the ALMM List l, having a capacity of 9,978 MW with 33 manufacturers, followed by Telangana with 10 manufacturers of 2,410 MW capacity

Telangana

Solar Energy Corporation of India (SECI) paid ₹26 63 billion ( $326 2 million) to Solar and Wind developers for power purchased in the third quarter of 2022 from ₹22 691 billion ( $288.59 million) in Q2 2022, there is an increase of over 17 36% over the previous quarter The disbursed amount was highest in the third quarter of CY 2022 since the Q3 CY 2021 There were many ups and down in the payment to generators from October 2021 to September 2022 as shown in the above chart

Karnataka got 8 manufacturers with 1,625 MW, Maharashtra (8 manufacturers with 1,015 MW), and Uttar Pradesh got 8 manufacturers listed with 510 MW of production capacity West Bengal, Rajasthan, and Haryana got three manufacturers each with 1 54 GW, 163 MW, and 320 MW of production capacity Chhattisgarh, Odisha, Tamil Nadu, and Uttarakhand with just a single manufacturer listed under ALMM List l

SECI MONTHLY PAYMENT TO SOLAR/WIND POWER GENERATORS IN 2021 22