4 EQ September Part D 2017 www.EQMagPro.com www.EQMagPro.com EQ September Part D 2017 5 6 EQ September Part D 2017 www.EQMagPro.com www.EQMagPro.com EQ September Part D 2017 7 VOLUME 9 Issue # 9

INTERNATIONAL

OWNER : FirstSource Energy 35 India Private Limited PLACE OF PUBLICATION : ELECTRIC VEHICLES 95-C, Sampat Farms, Bicholi Electric Vehicles Mardana Distt-Indore 452016, Likely To Get Madhya Pradesh, INDIA Big Boost From Tel. + 91 96441 22268 Narendra Modi www.EQMagPro.com Government

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ART DIRECTOR : ANKIT PANDEY (Sahil) 67 75 SUBSCRIPTIONS : SANJAY VISHWAKARMA INTERVIEW [email protected] With Vijay INTERVIEW GAZALA KHAN Khandwekar, With Mr. [email protected] Head Of Module Vikas Jain, Mounting Director, PRINTING PRESS : structure Insolation Shri Parth Graphics, Indore Business, Solar, Energy Pvt. Tata Intl. Ltd. Limited CONTENT Disclaimer,Limitations of Liability While every efforts has been made to ensure the high quality and accuracy of EQ international and all our authors research articles with the greatest of care and attention ,we make no warranty concerning its content,and the magazine is provided on an>> as is <

62 43 INTERVIEW INTERVIEW With Mr. With 68 Mr.Krishnendu Geoffrey S. Mukherjee, BUSINESS & Kinsey, Ph.D., Director of Chief FINANCE Business Operating CleanMax Solar Development, Officer, Sova Announces Hareon Solar Solar Ltd. Equity Financing India of USD 100 Mn from Warburg Pincus 45 41 56 INTERVIEW With Mr. INTERVIEW Himanshu Pandit, With Mr. Vasan COO, Hitachi Ramasubramaniyam, Hi-Rel Power MD & CEO, PRETTL Electronics India Pvt. Ltd., Ahmedabad, India

51 PV MANUFACTURING 65 Price Rise Of Chinese Modules: SOLAR Foreign Dependency Is About To ROOFTOP Make Indian Solar Dream Costlier Asbestos Roof - Suitable Or Notsuitable For Solar PV EQ NEWS Installation? Pg. 09-33 PRODUCT

SOLAR PV MANUFACTURING Pg. 78 Sunlab Measuring Instruments: Optimizing Solar Cell Performance www.EQMagPro.com EQ September Part D 2017 9 Vikram Solar is a leading solar energy solutions provider, specializing in PV module manufacturing and comprehen- sive EPC solutions. With international presence in 5 continents, the company is an active contributor in shaping the solar revolution across continents. Vikram Solar’s annual PV Module production capacity stands at 1 GW. The company’s products are designed to the standards of quality, reliability and performance. Vikram Solar de- ploys world-class technology to design, install and commission solar projects worldwide.

10 EQ September Part D 2017 www.EQMagPro.com www.EQMagPro.com EQ September Part D 2017 11 12 EQ September Part D 2017 www.EQMagPro.com www.EQMagPro.com EQ September Part D 2017 13 TRADE WA RS

Don’t launch trade HIGHLIGHTS

remedy enquiries Wang warned that adopting trade remedy measures against pho- The July 21 investigations against Chinese tovoltaic products would impact were the latest to be launched the development of the sector in by India against Chinese India and “dampen the sector’s products this year. products, China long-term development world- wide as well as economic and India launched 12 investiga- trade cooperation between China tions against Chinese prod- tells India and India.” ucts this year, second only to the US, amid a rise in amid a China has warned India against using “All countries should cooperate rise in bilateral trade. “trade remedy” measures against Chinese for the sustainable and healthy “Bilateral trade between products after New Delhi launched a development of the photovoltaic sector, which is significant in China and India amounted series of investigations into certain items to 229 billion yuan ($33.7 exported from here. fighting climate change, rather than resorting to trade remedy billion) between January and May, up by 30.1% year-on- he ministry of commerce measures and disrupting trade year,” the General Admin- said that trade disputes orders,” Wang said. istration of Customs said between India and China According to the report, India’s earlier this month. should be resolved through photovoltaic market has wit- T consultations rather than nessed fast expansion, with its But the rise in bilateral trade investigations. The ministry state- photovoltaic power generating has come in the backdrop ment came after “India announced on capacity growing 3.7 times over ofwhat Chinese officials say July 21 it will launch an anti-dumping the past three years, benefitting is India’s increasing protec- investigation over photovoltaic cells from China’s photovoltaic prod- tiveness of its manufacturing and units imported from the Chinese ucts with reasonable prices and sector. mainland, Taiwan, and Malaysia.” high quality.

“We have also discovered that India’s trend of launching trade “China is paying close remedy investigations has already shifted from lower-end products attention to the such as garments, glass and mining products, to higher-end goods investigation and such as new materials and machinery,” Xue Rongjiu, deputy director hopes India will of the Beijing-based China Society for WTO Studies, told the state- conduct it in a controlled China Daily newspaper earlier this month. prudent manner and according to relevant regulations,” Wang Hejun, “Because India’s manufacturing structure is similar to China’s, especially in the lighting head of the commerce ministry’s trade and photovoltaic industries, both are facing the same problem to boost exports to remedy and investigation bureau told developed markets,” Li Gang, vice-president of the Chinese Academy of International official news agency, Xinhua. Trade and Economic Cooperation in Beijing, said.

Source: hindustantimes

14 EQ September Part D 2017 www.EQMagPro.com SOLAR INVERTERS

Total order quantity reaches all-time high. – KACO new energy GmbH sells 1.4 gigawatts of inverter power in the first half-year ACO new energy GmbH is recording continued high de- “We are recording keen interest in German mand for its inverter technology. When it comes to choos- ing the right concept, solar technology. Customers and potential Between January and June KACO new energy is customers undertaking project development, 2017, the company sold invert- recognizing a clear trend are looking especially closely to see which ers with a power output of 1.4 towards decentralised providers offer them reliable components gigawatts;K this is the highest total order quan- system layouts. Especial- for the long term, in order to guarantee yield targets. tity at mid-year since the company entered the ly in emerging markets, We are in a good position, thanks in particular to the photovoltaic business in 1999. Following a good where energy demand introduction of the blueplanet 50.0 TL3 INT last year,” first quarter, which saw sales amounting to 600 is climbing sharply, said David Mabille, Chief Sales Officer. megawatts, the German manufacturer is continu- large-scale PV power ing its success story as the year progresses. plants are being built The current year has seen the company come up with with string inverters and a new system solution, called CPSS (Central Power “In many parts of the world, the corresponding system String Solution). The idea behind the CPSS is to combine costs of using photovoltaics are components. A service the advantages of centralised and decentralised plant competitive with conventional case can be handled much configurations: This is achieved by placing string inverters sources of energy. As a consequence, easier, downtime and such as the blueplanet 50.0 TL3 INT at a single location in the solar park. David Mabille is also optimistic for the the global demand for PV arrays loss of yield are being future: Next year we will be opening up a new market is rising and that state-of-the-art minimised, and the secu- segment with the blueplanet 125 TL3 for 1500-volt arrays. technology as delivered by KACO rity of energy supplies is And we are planning to launch a new storage product for new energy is benefitting largely enhanced, explains Ralf. commerce and industry, the battery inverter blueplanet from that,” said CEO Ralf Hofmann. gridsave 50.0 TL3, before the end of this year.

www.EQMagPro.com EQ September Part D 2017 15 ROOFTOP & OFGRID

Schneider Electric ISA to float global India commissions 720 tender for 5 lakh kWp solar plant at its solar pump sets manufacturing facility in Vadodara

chneider Electric, the global specialist in energy management and automation, today announced the commissioning of a 720 kWp capacity solar power project at its manufacturing facility in Vado- dara, Gujarat. The solar project, built on a rooftop area of 6,000 square meters, covers almost 45% Sof the total factory load and will produce over 1.05 million units of electricity per year which would help cut power costs by as much as 20-25% annually. Further, Schneider Electric will be able to cut its carbon dioxide emissions by 1,018 tonnes per year, which is equivalent to planting 50,000 trees. The project demonstrates Schneider Electric’s com- mitment towards green manufacturing in India.This is the International Solar Alliance (ISA) said it plans to come out second solar project commissioned by Schneider Electric at with a global tender this year for price discovery of five its manufacturing facility in India. In 2015, the company had lakh solar pump sets. The ISA is an initiative by India where installed a 120 kWp solar power plant at its Bangalore unit. an alliance of 121 solar resource-rich countries have come together. “India has set a target to increase the share of manufacturing to its GDP to 25% by 2025 “International Solar Alliance from the current level of 16%. While this is a welcomed move, there is also a need to mitigate is going to make a small global the environmental concerns that the country faces. It is imperative that the manufacturing tender for five hundred thousand sector uses energy and resources efficiently pump sets. Five Hundred thousand and minimizes its carbon footprint. This solar Mr. Anurag Garg, VP Solar power project is our endeavour to provide a & Energy Storage, solar pump sets for the farm- cleaner and greener environment to the Solar Business, ers in 121 countries means 500 community in Vadodara.” Schneider Electric India Mr. Upendra Tripathy thousand families lives can be Director General ISA interim changed. The income can go up, Schneider Electric’s modernized solar harvesting technology employment will come." will help the company to maximize the energy output from the available rooftop space at the Vadodara plant and ensure he ISA plans to come out with the tender minimum load on the roof by using light-weight material for before December 9, 2017, he said. Tripathy construction. asserted that the tender will not be for pur- chase but for price discovery. “We will come out with global tender for price discovery of “With renewable energy taking centre stage in (solar) pumps….So we are interacting with all discussions pertaining to reduction of carbon theT manufactures of various countries. We have been in footprint, Schneider Electric is totally committed touch with the coutures who want solar pumps. Uganda towards supporting the government mission with its expertise in the solar segment. The successful wants some 30,000 solar pumps. Mauritius wants pumps. commissioning of this project is a testament to So right now we are talking to various countries say- our efforts in making our own buildings efficient and ing that how many pumps they can actually take during is a step towards creating a New World of Energy that is more next two years,” Tripathy said. He was speaking during sustainable.” Speaking about the successful implementation Mr. Vivek international conference on solar India organised by As- Sarwate, VP, Global Supply Chain, Schneider Electric India socham. “And once you get this aggregated figures of five hundred thousand from our members which are prospect- ing to be 121 we will go with the global tender,” he added. The Design, Engineering, Procurement and Construction for Simultaneously, the ISA is now working on the format of the plant was done by Fourth Partner Energy, a leading rooftop the tender with EESL and KPMG, he said. “So they are solar solutions provider with over 500+ installations on the expert people who guide the ISA how to float in…we Commercial & Industrial rooftops across 21 states in India. plan to come out (with tender) and we also presume that

the prices will come down by 20 per cent,” he added. Source: adfactorspr Source: PTI

16 EQ September Part D 2017 www.EQMagPro.com INDIA

NGT notice to Centre on plea Solar modules that could produce six gigawatts power were imported to ban antimony solar panels from China last year, and each A plea seeking a ban on the manufacture, use and import of solar panels contain- GW had four million modules that ing antimony, a heavy metal, has prompted the National Green Tribunal to seek weighed 52,000 tonnes,” it said. the reply from the Centre and the pollution control board. A bench headed by NGT Chairperson Justice Swatanter Kumar issued notice to the Ministry of New and Renewable Energy (MNRE), the Ministry of Commerce and the Central Pollu- The plea said that the CPCB should pass a direc- tion Control Board and sought their response before August 24. tion to permit import of only those solar modules that do not contain antimony. It also sought olar panels (also known as PV panels) are used to convert random sampling of the solar modules in the sunlight into eletricity. The plea, filed by advocate Niharika, collaboration of an Indian Institute of Technol- said with increasing use of solar modules and panels under ogy (IIT) to verify the existence of hazardous the National Solar Mission, the scientific disposal of anti- substances, including antimony. mony posed several problems for the environment. The pe- The petition asked for a direction to the respon- tition claimed that antimony was at present being dumped dents and the environment monitoring agencies Sin landfill sites along the solar panels which were crushed to immediately undertake remedial measures to after use. It sought a direction to the CPCB to amend the limit the damage caused to the environment by E-Waste Rules, 2016 and bring antimony within scope of submitting an action plan showing how to deal Rules 16 pertaining to hazardous substances. with future disposal of solar and solar panels. Source:PTI PTI PKS SC.

www.EQMagPro.com EQ September Part D 2017 17 ROOFTOP & OFFGRID

Microsoft keen on supplying solar powered devices to Punjab

Microsoft has evinced interest in providing solar powered portable cylinder-head-service gadgets that offer light, mobile charging and internet, with special focus on use in remote areas of Punjab.

joint delegation of Microsoft and Veriown Global Hold- ings met Punjab Chief Minister Captain Amarinder Singh discussed a proposal to launch a pilot project in the state for the promotion of the gadget, to be linked through a tablet, to be provided by the companies for offering services across various sectors, including education and agriculture. A The chief minister directed Punjab Energy Development Agency (PEDA) to constitute a group with the two compa- nies to explore the feasibility and utility of such gadgets in the state, according to an official spokesperson. During the meeting, Director Energy Access Initiative Microsoft, Kevin Connolly, shared his experiences for providing affordable internet connectivity. Veriown CEO Tim Condon, in a detailed presentation, demonstrated the Veriown Cylinder-Head-Sector (CHS) Service Offer for light and mobile phone charging, with NFC-enabled cards used Qatar plant to operate the CHS units. starts polysilicon Veriown CEO Tim Condon said the meeting that his production, says company had proven track record and know-how to provide internet services, besides installing Punj Lloyd rooftop solar panels on government buildings with system capacities ranging from 1KW to 100KW. Con- unj Lloyd said a plant commissioned by it in don added his company had achieved the enviable Qatar has produced position of being the number one installer of solar the first polysilicon, a home systems, with over one lakh such systems P raw material for solar and 80,000 solar street lights already installed modules. The company had across India. The Group is poised to install over 20 bagged a contract from Qatar Solar Technologies to set up the lakh solar home systems by the end of 2020. plant for high-purity solar grade polysilicon, a company release said. Polysilicon is the key raw material used in 90 per cent of the worlds solar modules. The company, said Condon, was actively engaged in catering to the needs of Off-Grid populations by “We are happy that as the EPC supplying them solar power in 12 (Engineering, procurement states of Assam, Bihar, Guja- and construction) rat, Himachal Pradesh, Jammu The chief minister also asked his contractor of this & Kashmir, Madhya Pradesh, principal secretary to explore the world-class facility, Meghalaya, Mizoram, Haryana, possibility of taking Veriown’s we have been able Tamil Nadu, Uttar Pradesh and technical support and cooperation to establish our Uttarakhand. in further developing Punjab’s core client's commitment sectors of health, education and to sustainability, envi- Amarinder Singh asked the CEO, agriculture on scientific lines. PEDA to coordinate with Veriown ronmental protection and Microsoft for launching a pilot It was also proposed in the meet- and greenhouse gas reduction,” project, especially in the poor ing that Mandi Board could also Punj Lloyd Director Atul Jain habitations in which majority of purchase the solar lights for their said. PTI SID MR. households possess single bulb vendors in Apni Mandis across the connection. state. Source:PTI

18 EQ September Part D 2017 www.EQMagPro.com www.EQMagPro.com EQ September Part D 2017 19 RESEARCH & ANALYSIS

Kerosene, however, has been India’s fossil fuel subsidies linked inarguably linked with adverse health impacts. The Indian with 8 times the health costs: report government is already cutting down on subsidised kerosene In India, fossil fuel subsidies directly or given to states albeit because indirectly lead to health care costs that of the leakages in the system. are at least 8 times the subsidy itself. India The oil ministry expected granted $16.9 bn a year in 2013 and 2014 kerosene subsidies to fall by for subsidising oil, gas and coal, and the 25% in FY 2016-17. “India associated health care costs are a whopping can move away from kerosene $140.7 bn, a new report released. if there is political will,” Jain said. “There is no reason to continue kerosene subsidies.” Solar power can be used for “Next to improving air quality in India, which lighting purposes and LPG for is an urgent matter from a public health cooking. These are subsidies that are perspective, fossil fuel subsidy reform could offered to consumers di- provide funds that could be used to advance rectly, there are also subsidies India’s plans for Universal Health Coverage, granted to power producers and fuel suppliers. The Indian as this would also be immensely helpful in government introduced the reducing poverty." coal cess in FY 2010-11 that fed a clean energy fund that was to be used to promote - Mr. Pradeep Guin, a research fellow at the Centre for Environmental Health, Public Health Foundation of India clean energy technologies.The cess has increased four times since it was first introduced to R. 400/ tonne, but producer he report was released by tion of mortality is also linked to indoor subsidies are still given to coal Health and Environment Al- pollution, that comes from the use of plants. liance (HEAL), a European polluting fuels for cooking, lighting and Fossil fuels, according to the NGO. Thermal power plants heating purposes. Abhishek Jain, an report received more than 11 which are India’s main expert on energy access at the Coun- T times as much financial sup- source of power are a major contribu- cil on Energy, Environment & Water, a port as clean energy in India, tor to outdoor pollution, that is related Delhi-based policy think tank, ex- though that is changing. How- to the premature deaths of 1.4 million plained that it wasn’t simple question ever, the push for clean energy Indians every year. The country has of taking away all fossil fuel subsidies suffered a setback with reports 13 out of 20 most polluted cities in and saving health care costs. of a fund initially christened the world. Poor air quality is linked to Fuel subsidies are granted to make the National Clean Energy lower respiratory and other common energy affordable to economically Fund was being diverted for infectious diseases, cardiovascular weaker sections in an energy-poor other purposes. diseases and chronic respiratory country where 300 million people still diseases. However, a significant por- do not have access to grid power. Not only will getting rid of fossil fuel subsidies save $16.9 billion every year, the IMF Jain noted that kerosene subsidies are the real problem because estimates that “reforming fossil they incentivise people to continue using a highly polluting fuel subsidies and pricing oil, fuel for lighting their homes and firing their cookstoves. These gas and coal according to their traditional cookstoves use even more polluting sources of fuel true costs to society could like biomass and firewood. Subsidising LPG ensures that poor help India avoid 65 percent of people who cannot afford LPG at the market prices to do not premature deaths.” resort to more polluting fuels like kerosene. “If you talk about LPG, it actually reduces the health burden,” he said. These funds could also be channelled towards - Abhishek Jain, an expert on energy access at the promoting renewables. Council on Energy, Environment & Water Source: hindustantimes

Source: pib.nic.in

20 EQ September Part D 2017 www.EQMagPro.com www.EQMagPro.com EQ September Part D 2017 21 Solar PHOTOVOLTAICS

Heraeus Photovoltaics and Tongwei Solar Join Forces to Develop New Generations of Solar Cell Technologies

“Heraeus and Tongwei Solar have cooperated for years. By working even closer and in a more focused manner, we believe we can set a new benchmark for the PV industry. We share the same vision: to make PV the Heraeus Photovoltaics, the worldwide leading supplier of metallization solutions to the PV industry, announced that it has established a cooperation most economical and widely imple- agreement with Tongwei Solar on the R&D and applications of new-generation mented form of energy in the future. solar cell technologies, including black silicon, PERC technology and other Working together to discover and high-efficiency technologies. develop innovative next-generation ased in Chengdu, China, Tongwei Solar is one of the PV technology will bring us to that world’s leading manufacturers of monocrystalline and polycrystalline silicon photovoltaic cells, wafers, and future sooner.” modules. At the centrepiece of the collaboration agree- - Mr. Andreas Liebheit, president, ment, the two companies will conduct joint research and Heraeus Photovoltaics development of new-generation efficient front side silver B paste, with the goal of leading the industry standard. As the sole PV company in China to have verti- cally integrated the upstream production of “As one of our key partners, Heraeus multi-crystalline silicon, the production of solar cells and the construction of terminal Photovoltaics, accounts for major share PV power stations, Tongwei has become a key of our metallization paste supply and player and major contributor of the PV new energy industry in China, and in the world. helps us achieve efficient performance in According to its 2020 Plan, Tongwei’s solar terms of multi-crystalline silicon cells. cell capacity will reach 10 GW by 2020 and will launch a plan to expand its capacity by As the market requirements on production another 10 GW. To this end, Andreas Liebheit processes are becoming higher and higher said that Heraeus Photovoltaics will provide strong support to Tongwei as always by Mr. Xie Yi and the technology roadmap has been strengthening all-round cooperation in R&D, President constantly updated, we are very happy production and application, and help Tongwei achieve its ambitious goal. Tongwei Solar to partner with Heraeus Photovoltaics to embrace the future and new technolo- gies, and to build longer, closer and more diverse partnership.”

22 EQ September Part D 2017 www.EQMagPro.com PV MANUFACTURING

EMMVEE Photovoltaic Power Pvt. Ltd celebrates 25 years Excellence and Trust in Solar Industry and reaches 0.5GW solar module production capacity milestone Solar energy has gone from an extreme interest of the environmentally responsive to a flexible and dynamic option in business, home construction, and renovation. Emmvee Photovoltaic Power Private Limited has completed its 25 years of excellent service in solar thermal products and solar PV module manufacturing. mmvee has managed its unique preferred choice for their projects. Emmvee also “Emmvee is committed position in the industry by deliver- very active in EPC space of large solar photo- to meet our existing and ing seamless product quality and voltaic based power projects. The company has prospective customers innovation in the field of solar product a great deal of experience in developing and emerging needs E manufacturing. Over 25 years of commission many power projects in Europe. The in the field of excellent service, Emmvee has acquired im- company owns and operates 4 power plants in Solar Technol- mense expertise in high quality and large volume Germany. In India too, the company has suc- ogy. Emmvee has a production of products related to solar photovol- cessfully completed power projects aggregating state-of-the-art taics and solar thermal technologies. Emmvee to a total capacity of 100MW as on date, which fully automated has always been in the forefront of technology also includes roof top projects. Many reputed de- manufacturing adaptation in the manufacturing of its products. velopers like BHEL, Tata Power, NTPC, Amplus, facility is situated in Bengaluru city. Emmvee is the first company in India to install IC India and many more have used the modules Emmvee has at present 0.5GW per high speed stringer and multi-stack laminators produced by Emmvee in their projects and are year solar module manufacturing of European origin. The company at the moment extremely satisfied with the products. The com- capacity and has plans to expand produces solar photovoltaic modules for on grid pany is also in the forefront in using Green power as per the market development and and off grid applications. The modules produced to meet the electricity needs of its manufacturing needs in future. by the company have been very well accepted facility. It has its own 1MW power plant installed - Mr. D.V. Manjunatha, by many companies in India and aboard as a on the roof of its manufacturing facility. Founder and MD, Emmvee Group

www.EQMagPro.com EQ September Part D 2017 23 RESEARCH & DEVELOPMENT

Seeing the Light: Researchers Seek to Improve Solar Cell Technology Using New Materials and Nanowires

Researchers at Rochester Institute of Technology are expanding solar cell technology using nanowires to capture more of the sun’s energy and transform it into usable electricity. Comparable to ultra-thin blades of grass, nanowires added to today’s conventional materials are capable of capturing more light and can be cost-effective solutions for adopting solar energy into the broader consumer market.

ne of the larger global strategies in RIT’s Future Photon Initia- on top and the openings on the bottom challenges today is meet- tive. Tandem junction solar cells are of the block where the two parts come ing energy demands, and groupings of multiple sub-cells each of together. Legos interlock accurately alternative energy solu- which can absorb a particular range of because all the blocks have the same O tions such as solar power a wider solar spectrum band. Mohse- diameter and equal separations be- are being sought. Using nanowires ni’s team has been able to grow a tween the cylinders and the openings. for solar cells has been an active variety of different III-V compounds for “The problem is, nature does not cut field for nearly 10 years. Until now, solar cells using the selective area epi- us that break,” Mohseni said, refer- few researchers have conclusively taxy technique using a metal-organic ring to the new III-V materials being demonstrated how different materials chemical vapor deposition system, developed and the challenges to find beyond silicon and nanowire arrays also referred to as MOVCD, located ways to combine them as precisely as can be used to achieve increased in the Semiconductor Manufacturing the Lego blocks. His team is develop- solar energy. An RIT research team is and Fabrication Lab, a high-tech clean ing the engineering processes on the exploring an unconventional process room and teaching facility in RIT’s crystal growth side to make these to improve solar power conversion effi- engineering college. Installed at RIT in dissimilar materials fit together to ciencies to convert sunlight into useful 2015, the MOVCD is operated by the decrease defects and gaps. By chang- electrical energy. Their work focuses NanoPower Research Lab (NPRL), led ing the architecture entirely, and using on maximizing how much of the solar by Mohseni’s co-principal investigator nanowires instead of thin films, this spectrum can be taken in using tan- on the project, Seth Hubbard, NPRL process could alleviate defects that dem junction solar cells based on III-V director. The MOVCD is an important form along conventional hetero-epitax- compounds—metallic and non-metallic piece of equipment that produces ial bulk materials and thin films, and elements on the Periodic Table to sup- crystalline III-V semiconductors. These allow for saving nearly 90 percent of the material used to make the devices. Mohseni and his research team will utilize vertical nanowire structures hav- “III-V tandem devices are the best in the world, but because of the manu- ing a diameter of approximately 100 facturing and initial materials costs, they are very expensive to produce. nanometers, and lengths up to several Therefore, they are not used in consumer markets. They are used in niche applications such as space technologies. You are not going to see today’s microns, a replacement for the thin III-V devices on large solar panels on people’s rooftops, because they are films that are currently being used for so expensive,” said Mohseni, who has experience developing solar cells semiconductor development. “If you using III-V materials and researching these materials’ capacity to absorb a are trying to absorb material in a film, wider range of the total solar spectrum. you want that film to be thick enough to capture more light. If light is not ab- - Mr. Parsian Mohseni, assistant professor of sorbed, it can bounce or reflect off the microsystems engineering in RIT’s Kate Gleason College of Engineering film surface,” Mohseni explained. “With nanowires, if light comes in, it can still be absorbed, but if it bounces off one plement silicon, said Parsian Mohseni, III-V compounds refer to a set of ele- wire in the array, instead of going off assistant professor of microsystems ments from the Periodic Table that are into infinity, it can be captured by the engineering in RIT’s Kate Gleason being introduced into the development nearby wire and be re-absorbed. This College of Engineering. Mr. Parsian of higher capacity semiconductors. effect of multiple scattering interac- was recently awarded nearly $300,000 Crystals produced have conductive tions increases the light-trapping ca- for an Early Concepts Grant for Ex- properties similar to or higher than pabilities of the nanowire array. Even ploratory Research (EAGER) from the silicon, which is currently the primary though we are using 90 percent less National Science Foundation for “Two component of microelectronics, and material, we can absorb light better Dissimilar Materials (TDM) solar cells: RIT’s research to solve structural, than a thin film structure.” bifacial III-V nanowire array on silicon manufacturing and cost challenges is The project, which will be conduct- tandem junction solar cells.” EAGER expected to advance the technology. ed over two years, aims to expand the grants support high-risk but potentially “There is a lot of science and engi- scope of III-V solar cells beyond niche high-reward transformative technolo- neering that goes behind making tan- markets, eventually incorporating the gies. Mohseni’s research into combin- dem junction solar cells and there are technology into homes, electrical grids ing III-V compounds with silicon—ex- some real challenges in doing that,” or transportation systems, for example. panding the means to collect energy he explained. “How we can grow this “It is sort of giving power back to from the sun for optical and electronic in a single monolithic structure is very the people – taking real energy and devices—could also open new paths tricky from a technical stand point. The power-conversion technologies and toward next-generation integrated analogy I use in my class is trying to putting that in the hands of the people. photonics and high speed transistors. stack Lego blocks together.”Individual That’s the big picture, the long-term These technologies are only two of Legos have different separations be- goal. This is one potential step toward the key research and development tween the protruding cylindrical knobs that,” Mohseni said. Source: prweb

24 EQ September Part D 2017 www.EQMagPro.com INDIA

144 municipal schools to get solar power Asserting that top priority will be given to education and health, MP K Haribabu has said 144 municipal schools will get solar power at a cost of ₹ 3 crore, allocated from his MP Local Area Development funds.

articipating in the CSR contribution of 100 dual desks at the Gopalapatnam ZP School for Boys by ONGC on Saturday, he announced another 50 required from his ONGC executive director MPLAD funds. The 100 desks cost 4 lakh. He said various companies came forward to con- Aloke Nandan said 400 tribute 7000 benches that would cost 3 crore. dual desks were being given to four schools P spending 12 lakh. The others schools are at Visakhapatnam West Denderu and S Kota in MLA PGVR Naidu said earlier Vizianagaram district and toilets were provided at the Girls the GVMC School at School with DCI CSR funds. Madhurawada.

Source : thehindu Stock RESEARCH Ujaas Energy tumbles after uninspiring Q1 results Ujaas Energy lost 5.93% to Rs 23 at 12:47 IST on BSE after net profit rose 1.9% to Rs 7.40 crore on 8.1% growth in net sales to Rs 106.87 crore in Q1 June 2017 over Q1 June 2016.

he result was announced after market hours on Monday, 14 August 2017. Meanwhile, the S&P BSE Sensex was up 137.59 points or 0.44% at 31,586.62. The S&P BSE Small-Cap index rose 138.07 points or 0.9% at T15,547.27. On the BSE, 1.53 lakh shares were traded on the counter so far as against the aver- age daily volumes of 1.63 lakh shares in the past one quarter. The stock had hit a high of Rs 25.40 and a low of Rs 23 so far during the day. The stock had hit a record high of Rs 52.25 on 16 Decem- ber 2016 and a 52-week low of Rs 19.40 on 29 September 2016. The stock had underperformed the market over the past one month till 14 August 2017, sliding 8.26% compared with the Sensex’s 1.79% fall. The stock had also underperformed the market over the past one quarter, declining 33.38% as against the Sensex’s 4.18% rise. The scrip had also underperformed the market over the past one year, advancing 3.38% as against the Sensex’s 11.71% rise. The small-cap company has equity capital of Rs 20 crore. Face value per share is Rs 1. Ujaas Energy is engaged in solar power plant operation business, and manufacturing and sale of solar power system. Source: business-standard www.EQMagPro.com EQ September Part D 2017 25 INDIA

Ramp up capacity to achieve 100GW Cabinet apprised solar target by 2022: Study of MOU between India and Spain India will need to add over 15,000 MW solar capacity every year to achieve the target of 1,00,000 MW by 2022, a study has said. The country’s installed solar capacity fell on India-Spain short of target of 17,000 MW by the end of the financial year 2016-17, according to the joint study undertaken by NEC Technologies and industry body Assocham. cooperation in renewable energy “The country will need to significantly ramp up the pace of solar capac- ity additions by 10,000 MW this fiscal and over 15,000 MW per year to meet the 2022 target of 1,00,000 MW (100GW), which the government set up in 2014,” it said. The biggest technological issue in terms of solar is the efficiency of solar cells, the study said. “Currently, the efficiency ranges from 12-20 per cent, though this continues to improve. The rest of the energy striking the panel is either reflected or is wasted as heat. The main issue with efficiency is that higher efficiency solar panels he Union Cabinet cannot be commercially mass produced,” it said. chaired by the Prime Minister Shri Narendra Modi has been apprised of the Memorandum of TUnderstanding (MoU) o achieve the 1,00,000 GW “In India subsidy structure between India and Spain on India- is complex and there are target by 2022, the focus has Spain Cooperation in renewable involvement of multiple slightly shifted from indigenous energy. The MoU was signed on agencies. Land allotment manufacturing as policies to 30th May, 2017 at Spain. The MoU curb the imports from other is a long procedure in India, which requires will help in strengthening bilateral countries are not benefiting the cooperation between the two coun- domestic manufacturing. approvals at different levels T from authorities.” tries with the exchange of expertise Furthermore, the increase and networking of information. Both in taxes in the GST structure sides aim to establish the basis for in solar from zero per cent to 5 Currently, the foreign invest- ment in Indian solar industry a cooperative institutional relation- per cent, coupled with reduced ship to encourage and promote taxes in coal from 11.69 per is less than 20 per cent, the report said. Even 100 per cent technical bilateral cooperation on cent to 5 per cent, may lead to new and renewable energy is- slow adoption of solar in the FDI under automatic route and 74 per cent through foreign sues on the basis of mutual benefit Indian energy sector, the study equality and reciprocity. The MoU said. equity participation in a joint venture (without approval) have envisages to establish a Joint Lack of uniform policies Working Committee to review, across sectors and implemen- not paved the way for signifi- cant foreign investments in this monitor and discuss matters rela- tation issues is also an area of tion to areas of cooperation concern, it said. sector, it added. Source: PTI

he quoted rate of Rs 3.47 per unit is one of the lowest TANGEDCO 1500 MW Tender : for supplying solar power in the state of Tamil Nadu. As per the officials of TANGEDCO,many established Atha Group wins 200 MW players and NLC participated in this tender and the quoted rates are unprecedented for the entire power of Solar power bid T sector. The rates which were quoted varied from Rs 4 per unit to Rs 3.47 per unit. Solar Energy is on its way to become Atha Group (NVR) is pleased to one of the main source of power in India. Both NarbheramVishram announce that they have won the bid to supply 200MW of solar power and NVR Energy Pvt. Ltd are committed to supplying solar power to TANGEDCO. Group Companies - and renewable energy at the most economical rates, and are Narbheram Vishram and NVR Energy working towards the goal of a clean and green India. Pvt. Ltd under Atha Group will setup 100MW plant each. Tamil Nadu Gen- These two divisions have had proven track record of setting up eration and Distribution Corporation and developing 200 MW of Solar and Wind power. The group (TANGEDCO) had recently invited tenders to supply solar power has plans to reach 1 GW capacity and contribute to the Prime of 1500 MW. Among several other companies, the winning bid was Minister’s Green Energy Mission. The Group has solar plants awarded to Narbheram Vishram and NVR Energy Pvt. Ltd, two in the state of Rajasthan, Madhya Pradesh, Maharashtra, Group companies under Kolkata-based Atha Group by quoting Rs. Karnataka and Telangana. 3.47 per unit.

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Enerparc Energy to also execute the 2nd Solar Power Project of 5 MWp for Rajiv Gandhi International Airport, Hyderabad

nerparc Energy Pvt. Ltd., a subsidiary of Global Solar Solution provider, Enerparc Energy cost contributes to almost 20% of operational cost AG, Germany recently announced receipt of of any larger operational airport. Hence any measure that 5MWp Ground Mounted Solar PV order from achieves reduction in consumption of conventional energy is always welcome. The existing 5MWp solar plant which GMRs Hyderabad International Airport Limited was commissioned in 2015, generates around 25,000 units (GHAIL), Hyderabad. This captive phase II of green energy for GHAIL, meeting 30% of the airport’s Eproject will be located close to the Hyderabad International demand. Airport Terminal and in close proximity to the existing The realization of savings achieved with 5MWp Phase I 5MWp Phase I ground mounted Solar Plant which was installation along with green energy commitment of GHAIL also designed, engineered, constructed and maintained by laid the foundation for further expansion in Phase II which Enerparc Energy. will have potential to power 4800 homes and to reduce 7300 Metric tons of CO2 emissions annually.

“This receipt of further 5MWp Solar Power Looking towards experience of Enerparc in installing solar Plant order from GHAIL shows their trust projects on airports worldwide and our experience with and believe in Enerparc as a partner. them on Phase I construction and O&M, we decided to give Enerparc which has already commissioned responsibility of execution of Phase II to Enerparc India, and I 270 MW of solar installations on airports am sure this project also would get executed with world class globally will be able to realize this project workmanship said Mr. Jagadeeswara Rao S, Vice President & with high quality standards and on time Head – Infra, Planning & Development at GHAIL. Execution execution”. of Phase II would enable GHAIL to meet their 80% of day time - Mr. Santosh, Managing Director load using solar power. Enerparc Energy Pvt. Ltd.

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The green corridor project - a dedicated transmission network for renewable energy - “Solar projects ideally take was envisaged by state-owned Power Grid Corporation (PGCIL) at an estimated cost of six months to get commis- Rs 40,000 crore in 2011. With the new government revising the targets five times, a sioned, while transmission secondary plan for solar parks was also drafted along with revised transmission plan. lines take three to six years. So, it is a welcome move to ccording to industry estimates, the PGCIL is already construct- involve private players when cost of connecting 27 solar parks ing the inter-state transmission PGCIL already has a long is close to Rs 55,000 crore. Last network for connecting renewable pipeline of projects,” said an year, seven more parks were add- energy-rich states (Green Corri- executive. The Association of ed, taking the cumulative capacity dor-I). As for Green Corridors-II Power Producers (APP) had to 19,900 megawatt, according for solar parks, work is underway earlier batted for opening Sto government documents. In a for six solar parks in Andhra recent inter-departmental meeting Pradesh, Madhya Pradesh, Kar- mega projects such as green held to discuss the green corri- nataka, Rajasthan and Gujarat. corridors for private invest- dor project, it was mentioned the To expedite the transmission ment to bring down power evacuation system for future solar development for the upcoming so- rates. “The tariffs discovered parks “to be normally constructed lar parks, the projects would now through competitive bid- through TBCB”. The Ministry of be awarded to private players as ding are almost 30-45 per New & Renewable Energy, Minis- well through transparent bidding cent lower than regulated try of Power, PowerGrid and the process. The move is in line with tariffs,” said a letter by APP Central Electricity Authority (CEA) the government’s plan to open to the power ministry last participated in the meeting. up the power transmission sector year. Increased competition for private investment. Industry would also reduce the risk of “CEA and PGCIL would be drafting executives said Sterlite Grid, generation projects remain- the plan for the overall evacuation Adani Power, Essel Infra, and Tata ing stranded due to untimely system for solar parks and provide Power etc might participate in the completion of transmission bidding. These companies had lines, it said. back-end support,” said an official won several power transmission in the know. projects last year through TBCB.

The 33 solar projects would come up in 21 states including Rajasthan, Madhya Pradesh, Gujarat, Telangana, Andhra Pradesh, Karnataka, Uttar Pradesh, Jammu & Kashmir, Punjab, Tamil Nadu and Odisha, among others. Last year, eight lines totaling Rs 20,000 crore were awarded to private companies through the TBCB route. PGCIL was nominated for two major lines totalling Rs 30,000 crore. Source:Power Grid Corporation Of India Limited

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Rooftop solar target of 40 GW by 2022 ‘unrealistic’ Par panel A Parliamentary panel said the rooftop solar target of 40 GW by 2022 is “unrealistic” and it needs to be “reconsidered”. “The Committee feels that the rooftop solar target of 40 GW by 2022 is unrealistic and it is highly unlikely that this target will be achieved,” the Standing Committee on Energy (2016-17) of the Ministry of New and Renewable Energy said in its latest report tabled in Parliament. he panel further said the Centre should give the scheme a “serious relook”, else, it will derail the target achievement of the National Solar Mission. “The Committee, therefore, recommends that the target of 40 GW through rooftop solar projects The government had earlier Tshould be reconsidered,” the report said. The panel was of announced raising the solar the view that rooftop systems were not remunerative for the power generation capacity consumers on account of cost of maintenance being high, the addition target by five times to report said. “The Committee noted that out of the 100 GW solar 1,00,000 MW by 2022, which power, 40 GW is to be achieved from grid connected solar rooftops will entail an investment of in residential, social, institutional and government sectors in the around Rs 6 lakh crore. country,” it said. Source:PTI

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www.EQMagPro.com EQ September Part D 2017 29 BUSINESS & FINANCE

ALFANAR GROUP OF SAUDI CESC investing Rs ARABIA COLLABORATES WITH 1,000 cr in power SUZLON FOR ITS RENEWABLE sector in current ENERGY FORAY INTO INDIA fiscal

RP-Sanjiv Goenka KEY HIGHLIGHTS- Group flagship company CESC l Suzlon secures 50.40 MW maiden order from Alfanar Energy Ltd on Friday l Installation of 24 units of 2.1 MW, S111-90m wind turbine said it will generator(WTG) invest Rs 1,000 crore as capital expenditure in the Suzlon Group, one of the leading global renewable energy current fiscal solutions provider in the world, has won an order of 50.40 MW of which Rs 600 wind power project from Riyadh based Alfanar Group. This is crore will be a maiden order from Alfanar, for 24 units of S111-90m wind allotted for West turbine generator, each with a rated capacity of 2.1 MW. The Bengal. project will be completed by March 2018.

lfanar Energy is a fully owned subsidiary of “We are investing Rs 1,000 crore in the power the Alfanar Group and has set ambitious sector this year. Rs 600 crore would be invested for targets for the Indian market as an inde- pendent power producer (IPP) and devel- distribution network in the Kolkata unit and the rest Aoper. The group has allocated resources would be for the other units,” the power utility’s for setting up 2.2 GWs of renewable energy projects chairman Sanjiv Goenka told reporters here on the in the next five years and will focus on wind, solar (PV sidelines of the company’s annual general meeting. and CSP) and biomass primarily in MENA, India and Southern Africa. Suzlon will execute the entire project on a turnkey oenka said the company is hopeful of basis and will also provide operation and maintenance investing in Uttar Pradesh in the new services. The project has the potential to provide power regime under Chief Minister Yogi Ad- to over 27,000 households and reduce 0.10 million ityanath. “Uttar Pradesh under Yogi tonnes of CO2 emissions per annum. G Adityanath becomes something that we would look at. We had presence in UP earlier but stopped the expansion looking at the political “This is our maiden project in the Indian renew- situation there. able sector and we are happy to work with Su- We are hoping for transparency and hope under zlon, who are the pioneers of wind technology the new Chief Minister there,” he said. About their in the country, besides their project execution venture in the power sector, Goekna said they capabilities made Alfanar select them for this would aggressively pursue distribution which is project. It is our endeavour to provide clean and green either license-based or franchisee-based instead energy and have set an ambitious plan to set up 2.2 GW of renew- of looking at power generation. able projects in India, MENA and Africa in the next five years.” On the company’s operation in three Rajasthan - Mr. Wasim Mallouhi, GM - Development, Alfanar Energy centres including Bikaner and the new distribu- tion franchises of Kota and Bharatpur, he said that “four lakh consumers are expected to be served “We welcome Alfanar Energy to India and into next year in a combined area of 381 square km our customer family. Renewable energy market with 371 MW peak load requirement”. is growing at a robust pace in India. With our He also said the combined business revenue two decades of experience, proven technolo- in the region would be around Rs 1,300 crore that gies, comprehensive product portfolio, and end- forms 16 percent of the company’s total distribu- to-end solutions along with integrated maintenance and tion revenue. Stating that a cautious approach was services, Suzlon is best positioned to serve Alfanar’s ambition the right approach, he admitted that he would not to capitalize on the growing market opportunities in India.” venture in the hydro power projects as evaluating - Mr. J.P. Chalasani, Group CEO, Suzlon Group such projects need a lot of time and the power util- ity would show more interest in renewable energy The S11X 2.1 MW platform features the time tested Doubly Fed Induction projects like solar and wind. Generator (DFIG) technology which is designed to optimally harness “CESC produces 187 MW of renewable energy available wind resources. It not only delivers higher energy yield, but through solar and wind projects,” he added. also offers higher return on investment for customers. Source: IANS

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All India Statistics of Indian Power Sector released by Central Electricity Authority (CEA) All India Statistics of Indian Power Sector are released by Central Electricity Authority (CEA) . The main highlights are as follows : eneration Capacity Addition target during the period 2012-17 from conventional sources was 99,209.47 MW against a target of G88,537 MW, over achieving the same by 112%. Conventional generation capacity addition achieved in the past 3 years (2014-15, 2015-16 & 2016-17) has been 60,752.6 MW, which is about 61 % of the total capacity addition achieved during this period. In 2015-16, conventional genera- %. This increase is, in-spite of energy power through open access from IPPs tion capacity addition achieved was conservation and efficiency improve- without contracts with the States. 23,976.6 MW which is the largest ever ment measures. Without the energy Therefore, the consumption of capacity addition in a single year. efficiency measures, the growth rate these industries has reduced from the The Renewable Energy Sources would have been much more. Along State Utilities and increased through installed capacity as on 31.03.2014 with this growth in supply of electricity, open access, which is reflected as was 31,692.14 MW. As on 31.03.2017, the quantum of “energy not supplied” generation increase from IPPs without India has achieved an Installed Capac- has reduced substantially from 42.4 contracts. This growth rate is, in-spite ity of 57,260.2 MW of RES showing an BU in 2013-14 to 7.6 BU in 2016-17, a of energy conservation and efficiency increase of 80% during 2014-2017. reduction of 82%. The energy actually improvement measures. Without the The Peak Demand met increased used by all the consumers including energy efficiency measures, the growth from 130 GW in 2013-14 to 157 GW in industries, grew at an even higher rate. rate would have been much more. 2016-17, which works out to a CAGR The gross generation in the country, Adequate power is available in the of 6.5 %. Along with this growth in which reflects the consumption by con- country to meet the demand of power demand, the quantum of “power not sumers (other than about 0.2% growth of the consumers who are having supplied during peak” has reduced rate of export to Bangladesh and access to electricity. In 2013-14, the substantially from 6.1 GW in 2013-14 Nepal), increased from 1020 BUs in demand-supply gap in terms of Energy to only 2.6 GW in 2016-17, a reduction 2013-14 to 1242 BUs in 2016-17, show- and Peak stood at 4.2% and 4.5% of 57%. ing a CAGR of 6.8 percent. The reason respectively. This has now come down The quantum of energy supplied by that there is a higher growth in gross to an all-time low of 0.7% and 1.6% the State Distribution Utilities increased generation, vis-à-vis energy supplied respectively in 2016-17. Further, this from 960 BU in 2013-14 to 1135 BU by State Distribution Utilities, is that gap is on account of factors other than in 2016-17, showing a CAGR of 5.8 many industries are now purchasing inadequacy of power in the country.

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The aim of the project is to scale up solar power generation in the state,” he said. Under the scheme, residential property owners are encouraged to install solar panels Ton their rooftops to harness the sun’s energy. Rupani said till date the GEDA has received 20,000 applications from all over the state for installation of solar units on rooftops. The gov- ernment has allocated Rs 35 crore for installing these units, he said. The state has also chalked Gujarat govt to scale up solar out a subsidy plan to encourage people to har- ness solar power, which is a renewable source power generation of energy, Rupani said. Gujarat Chief Minister Vijay Rupani said his government wants to scale up solar power generation in the state. and government is encouraging people to install solar “Normally, the cost of setting up a solar unit having 1 kilowatt (kw) load capac- power panels on their rooftops for which subsidy ity comes around Rs 70,000. We have will be provided. after launching the `Solar Rooftop’ decided to give Rs 10,000 subsidy for project, initiated by the Gujarat Energy Development commissioning a unit of 1 kw,” the chief Agency (GEDA), in the city. minister said.

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Hindustan Power acquires 15 solar projects in Japan and set to increase its international footprint to 2 GW by 2022 Hindustan Power, India’s largest Multinational Company in Renewable Energy, operating in the international markets is set to increase its footprint in international markets to 2GW by 2022.

he company during its decade long operations has executed over 800 MWp of solar power generation Lalit Jain, CEO, International projects including international landmark projects Solar, Hindustan Power said, like the 25MW solar power plant in Lauta, Germany, “Hindustan Power has the Asia’s first 30 MW solar in Gujarat, India; World’s distinction of developing solar largest greenhouse rooftop in Sardinia, Italy among plants in difficult markets and Tmany other projects in countries like Germany, Italy, Japan, UK terrains within a short period of and the US. Hindustan Power was also recognized as the larg- time. The 25 MW solar farm developed in est solar developer in the United Kingdom in the years 2012 and Lauta, Germany was on a World War II impacted site that 2013. The company has recently acquired fifteen solar power required special treatment and concreting before the generation projects in Japan and is poised to enter the emerging market of Bangladesh with 4 X 25 MWs solar projects at Trishal commencement of the project. The greenhouse PV proj- in Bangladesh. ect in Sardinia covers more than 38 ha of land and pro- duces finest quality of roses which are being exported to Europe and allowing the organization to become the member of prestigious Roya Flora Holland. This project Ratul Puri, Chairman, Hindustan Power said, has increased the potential of land by constructing “We are one of the early Indian player to the greenhouse solar plant as the temperature inside focus on developing solar projects in the GH can be controlled leading to a higher productivity overseas markets. We have invested close while the solar panels generate clean & green energy. to Rs 3000 crores and the target of 2 GW The proposal to develop 4X25 MW solar project has would entail an investment of Rs. 10,000 been submitted to Government of Bangladesh and crores. We believe that our successful required land agreement has already been signed. We foray will encourage more players from will take these projects in to construction in the next India to expand its operations in the inter- couple of quarters. While many of the players were national markets thereby allowing India to formalizing its plans, we recorded the distinction of emerge as a solar power house.” being the largest renewable energy player in UK way back 2012 & 2013.”

Source: HP

CME is one of the largest Independent Piramal Finance Limited Power Producers (IPP) in solar energy space in the country with a portfolio of over 1.8GW. The current operational capacity Introduces a Unique by July end is over 1 GW, reaching 1.4 GW by September end and company is present 'Flexi Line of Credit' A across the 14 states. PFL had first invested Rs. 499 Cr with ACME in July 2016, for the Renewable together with its partner APG.

Energy Sector "We are pleased to offer the second round of funding to ACME group with our unique ‘Flexi Line of Credit’. ACME Piramal Enterprises LTD., through its subsidiary has a strong track record of execution, with projects spread across the country, Piramal Finance Limited, sanctioned an additional which reduces the off-take risk, and has INR700Cr to ACME Solar Holdings LTD. The deal was signed PPAs for the complete portfolio. made through Corporate Finance Group of Piramal In addition, our first round of funding Finance Ltd. by introducing a new product - a Flexi Line Khushru Jijina has already seen pre-payments taking of Credit - for the renewable energy sector. This aims MD place in a short span of time. They are Piramal among the best managed renewable en- to make a line of funding available to the borrower Finance Ltd. ergy companies in the country, in terms based on operational projects, with the flexibility to of quality of portfolio and growth." draw/repay during the tenure.

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Shell Plans to Spend $1 Billion a When you consider the areas of the world where Year on Clean Energy by 2020 energy demand is still Royal Dutch Shell Plc plans to spend as much as $1 billion a year on its New to expand, like Asia and Energies division as the transition toward renewable power and electric sub-Saharan Africa, there cars accelerates. is a huge opportunity,” Van Beurden said. “These “In some parts of the world we are areas that are not, on are beginning to see battery the whole, locked in to a electric cars starting to gain coal-driven system. There is the potential for them consumer acceptance” while wind to shift more directly onto and solar costs are falling fast, a less energy-intensive Shell CEO Ben Van Beurden said in pathway to development. a speech in Istanbul."

There is often too much focus on energy-transition policies in Eu- ll of this is good news for the world and must accelerate,” rope and North America instead while still offering opportunities for producers of fossil fuels. of the fast-growing developing Shell sees opportunities in hydrogen fuel-cells, liquefied world, Van Beurden said. “What natural gas and next-generation biofuels for air travel, ship- happens in England is important, ping and heavy freight — areas of transport for which batter- but what happens in Ethiopia is at ies aren’t adequate. The intermittent nature of wind and solar least as important. From Den- A energy means power plants fired by natural gas will have a mark to the DRC, from the U.S. to long-term role, Van Beurden said. Uganda, to India, to China, there is Van Beurden was addressing the World Petroleum Con- a lot of work to do.” gress — a gathering of ministers and CEOs from some of the largest oil producers — at a time when the accelerating shift These countries will still require to clean energy is raising questions about their long-term fossil fuels to develop industries business models. While Russian Energy Minister Alexander such as steel, cement and chemi- Novak and Saudi Arabian Oil Co. boss Amin Nasser said oil cals because they need a heat and gas will be dominant for decades to come, Van Beurden intensity that cannot come from highlighted the potential for some of the fastest-growing electricity alone, he said.

nations to leapfrog straight to a cleaner energy mix. Source: bloombergquint

Mr. Khushru added, Renewable Energy has been one of the key focus area for our group and Piramal has benefited by being one of the early movers in the sector. The Corporate Finance Group (CFG) has Given the government’s focus on clean energy, we believe, been one of the early movers within the renewables will be one of the key contributors to the Renewable Energy space. CFG has diversi- energy requirement of the country and Piramal is committed to continued investments in sustainable fied over time both in terms of sector and energy in the near future. in offerings. CFG is now sector agnostic and offers capital across the risk curve including senior debt, acquisition finance, promoter “We are happy topartner with Piramal for the second time finance, private equity exits alongside its over the last one year. The previous focus on mezzanine investments. current funding provides us with the required flexibility Though infrastructure which includes roads to invest in solar and electric and renewables has been the focus so far, transportation business and ensure timely completion of recently the group has also funded corporates Manoj Kumar projects. Given the growth dy- in cement, entertainment, security manage- Upadhyay namics of the renewable space Chairman & in India we believe renewables ment, packaging and more recently, the auto MD, would constitute major portion components and logistics space. ACME Group of India’s installed capacity.”

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IFC subscribes to L&T Finance green bonds for solar projects Greenko to The World Bank’s private raise $1 bN via financing arm IFC has invested Rs 667 crore ($103 million) in Asia’s largest L&T Infrastructure Finance Co by subscribing to the first green bond official Green Bonds in India, a joint statement by both par- Less than a year after its last offering, ties said. India’s leading clean energy company, Greenko, is raising around $1 billion via offshore dollar bonds - the largest green “This is in line with the International Finance bond from a corporate entity in Asia till Corporation’s (IFC) strategy to support renewable date. The objective of this fund raising exercise is to refinance the company’s energy infrastructure in the country and also first dollar bond that raised $500 million develop the capital markets,” the statement said. in 2014. Additionally, it will also help the company to refinance the debt that it The L&T Finance Holdings subsidiary L&T Infrastruc- inherited along with the acquisition of the ture Finance “will use this money to give loans to 350 MW India portfolio of the bankrupt Sun solar power projects”. Edison last year. reenko’s 7 year bond issue was launched he issue by L&T Infrastructure Finance to IFC qualifies as recently. It will be a the first Green Bond approved by SEBI (Securities and minimum of $950 million Exchange Board of India). Earlier this year, SEBI issued to a little above $1 billion, norms governing Green Bonds whose proceeds are used for said officials in the know. projects or assets of renewable energy, clean transport, sus- GBarclays, JP Morgan, Morgan Stan- tainable water or land management, climate change adapta- ley, Deutsche Bank and Investec have T tion, energy efficiency such as green buildings or biodiversity been mandated for the fund raising. conservation. The issuer of a green bond publicly states that the capital being raised to fund green projects related to renew- able energy or emission reduction initiatives. Many Indian clean tech com- panies like ReNew or banks or financial institutions like Axis, Rural Electrifi- cation Corporation BSE 3.69 % (REC) have in recent months raised funds “L&T Infrastructure “This partnership with IFC will through this route, though of smaller Finance is a leading financier further diversify our funding amounts. The privately held company to the renewable energy sector profile and demonstrates the that was started by two Hyderabad- and this green bond subscrip- strength of our project apprais- based entrepreneurs, Anil Kumar Cha- tion will serve as a catalyst al and risk assessment capa- lamalasetty and Mahesh Kolli counts for corporates to issue green bilities for renewable energy Singapore’s GIC and Abu Dhabi Invest- bonds,” IFC Country Head in lending,” - said L&T ment Authority (ADIA) as key share- India Jun Zhang said in the Infrastructure Finance Chief holders. GIC owns a controlling 60% statement. Executive Virender Pankaj. interest in the company and ADIA has close to 15%. The two founders own the rest. It was previously listed on In collaboration with the Tata Group, IFC has created the first London’s AIM exchange. Upon closure, private sector “green” investment bank in India — Tata Clean- Greenko would have raised $2 billion of tech Capital Limited — and given $170 million in wholesale equity and debt from marque institu- tional investors in the last 12 months. investments to financial intermediaries that support the climate change programme in the country, the statement said. Besides, IFC has invested about $1.2 billion in climate-friendly projects through direct investments in India in the last five years, it added.

Source: IANS

36 EQ September Part D 2017 www.EQMagPro.com BUSINESS & FINANCE

Renewable energy boost: 4 Indian solar, wind power firms plan to raise $2.5 bn in offshore bonds our Indian renewable power producers are plan- ning to raise up to $2.5 billion via dollar bonds offshore because of caution among domestic lend- ers, banking sources said. In addition to the four solar and wind power firms, a fifth company that invests in renewable projects, Adani Group, has Fraised $250 million via a loan but has yet to publicly announce the borrowing, the sources told Reuters. A source working with one of the bond issues said foreign borrowing was attractive because state banks were reluctant to lend due to existing bad loans to the power sector, while domestic banks worried about falling tariffs for solar power. Foreign investors have been at- tracted to the sector by India’s commitment to expand renew- able power capacity, with plans to invest close to $150 billion to meet its 2022 targets, analysts and bankers said. New York- listed Azure Power Global Ltd, which has projects in the states of Rajasthan, Punjab and elsewhere, planned to raise $500 It already boasts of 2.5 gigawatts (GW) of operational million via a dollar issuance, two bankers said. Continuum En- portfolio of wind, solar and hydro power projects making ergy, a firm backed by U.S. bank Morgan Stanley that has proj- it one of the largest player in the country. By the end ects in the southern state of Tamil Nadu and western state of of the year, it plans to raise it 3 GWs. The operating Gujarat, planned to raise $400 million, the two bankers added. portfolio is expected to generate $450 million EBITDA Wind and solar power firm Greenko Group, backed by Singa- in FY17, sources in the know said.For this latest round pore sovereign wealth fund GIC and Abu Dhabi Investment of fund raising, the company is creating a new pool of Authority (ADIA), planned a $1 billion issuance to refinance a around 1 GW (1000 MW) of its diversified portfolio into dollar bond raised three years ago, three bankers said. IL&FS an SPV. Energy, which has thermal and solar power projects, was con- sidering a dollar bond issue worth $500 million, said a source With Indian banks hesitant to lend for new projects or with knowledge of the deal but not involved in the process. having already reached their sectoral limits, offshore The fifth firm, Adani Group, which is controlled by billionaire bonds have diversified the investor pool for most of In- Gautam Adani, has already raised $250 million via an offshore dian new generation clean energy providers. From Adani loan to invest in its solar power project in Karnataka, one of the Group to IL&FS Energy, to NYSE listed Azure Power bankers said. The companies did not immediately respond to and even Continuum Energy are in various stages of their requests for comment. Solar tariffs hit a new low in May when debt fund raising efforts with an eye to cumulatively raise SBG Cleantech, which has SoftBank Chairman Masayoshi $2 billion in this fiscal alone, said industry watchers. Son as one of its promoters, bid 2.44 per unit for building a Global capital is also getting attracted to the ambitious solar park in the western state of Rajasthan. Solar power play- commitment of the Narendra Modi government - a signa- ers bid for the right to build projects on parcels of land that are tory to the Paris climate accord - to expand renewable set aside by the government. The player agreeing to sell the power capacity and is keen to invest close to $150 billion power it generates at the lowest price per kilowatt hour, are to meet its 2022 targets of 175 GW from a current capac- leased the land at a nominal price.Despite the decline in tar- ity of 57 GW. iffs, overseas investors scouting for higher yields are keen on Solar tariffs hit a new low in May when SBG Cleantech, a such dollar bond issues, the bankers said, adding many were joint venture between Bharti. Foxconn and Softbank, bid drawn by Indian Prime Minister Narendra Modi’s commitment Rs 2.44 per unit for building a solar park in Rajasthan. to boosting renewable power output. India, a signatory to the Despite the decline in tariffs, overseas investors scouting Paris climate accord, has an ambitious plan to raise renewable for higher yields are keen on such dollar bond issues, energy capacity to 175 gigawatts (GW) by 2022 from a current bankers said, adding many were drawn by Indian Prime capacity of 57 GW. Minister Narendra Modi’s commitment to boosting renewable power output. Abhishek Tyagi, senior analyst at Moody’s, said India would have to invest “close to Source: ET $150 billion to meet its 2022 renewable en- ergy targets”, adding much of that was ex- pected to come from foreign financing due to constraints among domestic lenders.

Source: Reuters

www.EQMagPro.com EQ September Part D 2017 37 ENERGY STorage

India’s largest battery Ashok Leyland, based Solar Project - SUN Mobility to UP Sabzi Mandi project launch electric buses Consul Neowatt, the global Indian UPS company shared that it has received the approvals for execution of one of the Commercial vehicle major Ashok Leyland and SUN Mobility have largest battery based hybrid solar power projects in India entered into a strategic alliance to totalling over 3MW. develop electric buses, said officials of the two companies. he project will be Pradesh is a full-fledged market powered by Consul facility for farmers well equipped with “We have entered into a strategic Neowatt’s much cold storage facilities,shops, drain- alliance to develop electric buses acclaimed Sunbird age systems, and warehouses. The with ‘swap and charge’ battery range of hybrid solar project will cover 16 locations in the technology. We have to decide on inverters, which has state and locations will be fitted with firming up the agreement into a strong performance multiple units of 150kw to 400kW joint venture. The two companies credentials and is Sunbird solar PCUs to be self-suffi- may invest around Rs 100 crore in Ttoday the No 1 preferred choice of cient for uninterrupted power supply. the project and the first prototype solar system integrators in India for The solar power in these sites will vehicle is expected to be rolled out any solar power plant with energy serve a mix load of pump motors, by January 2018.” storage. The Sabzi Mandi project lighting, cool storage fans and other – Vinod K. Dasari, CEO and MD, initiated by the Government of Uttar infrastructural needs of the Mandi’s. Ashok Leyland, told reporters

he Bengaluru-based SUN Mobility is an equal joint venture between Consul Neowatt Power Solutions Pvt Ltd Virya Mobility 5.0 and SUN New said “Our Sunbird range of solar inverters has Energy Systems. SUN Mobil- proven its ruggedness and ability to handle a T ity is led by Chetan Maini who variety of loads over the last couple of years pioneered the battery operated Reva car. and was the natural choice for a project that The company making Reva car was later required solar power to not only power up the sold to Mahindra and Mahindra group. traditional lighting loads but also pump motors Declining to comment on the investments and cold storage fans. This project demon- SUN Mobility would have to make for the strates the feasibility of high power solar power tie up with Ashok Leyland, Maini said his - Mr. Sriram Ramakrishnan plants with energy storage as a viable option company would set up the infrastructure CEO & MD for DG Sets and is enabled by the industry lead- - battery charging and swapping stations Consul Neowatt Power ing technology in-built in our Sunbird hybrid and others. According to Maini, in the last Solutions Pvt Ltd solarPCUS.” 20 years the electric mobility faced chal- lenges like higher acquisition cost, longer battery recharge time and others. He said SUN Mobility now has the smart batteries. The officials said the solution that is being onsul Neowatt, Village Electrification developed is to replace a battery that got offers a com- as part of the Deen discharged with a fully charged one so that prehensive line Dayal Upadhyaya Gram C a vehicle is always on the move. Dasari up of solar inverters Jyoti Yojana (DDUGJY) said the initial focus will on city transport for customers namely Project, Petrol Retail sector and talks are being held with State Off-grid, Hybrid and outlets of major retail- Transport Undertakings. Maini said the On-grid inverter solu- ers like IOCL, BPCL, solution is suitable for all kinds of vehicles tions. Consul Neowatt HPCL, Reliance & Es- range of solar inverters sar, major Educational and the tie-up with Ashok Leyland is on and power condition- Institutions like the IITs, exclusive basis. “Now the focus is on ing units (PCUs) have Sports complexes, and bigger vehicles.” He said the charging been deployed in large Government Establish- stations to be set up by his company would projects that include ments - Defence, Police predominantly be powered by renewable homes under Remote and Railways. energy and would refuel a vehicle at a cost that is lower than the conventional fuel. Source:IANS

38 EQ September Part D 2017 www.EQMagPro.com ELECTRIC VEHICLES

Electric Vehicles Likely To Get Big Boost From Narendra Modi Government

The government’s new action plan to curb use of fossil fuels can replace close to half of the motor vehicles to run on electricity on Indian roads by 2030.

he Union Cabinet will soon domestic EV manufacturers as consider the Faster Adoption and l With continued decline well as encourage global players Manufacturing of Hybrid & Electric in battery costs, EVs are such as Tesla, Toyota, Nissan and vehicles in India (FAME) scheme becoming cost effective. A Renault to set up manufacturing to provide both manufactures and set of fiscal incentives can units in India. consumers of electric vehicles create a self-sustaining EV Under the FAME scheme, a (EVs) to get assorted incentives: market that will help India two-wheeler buyers get up to Rs tax and non-tax, according to The achieve its 2020 target of 22,000 reduction in purchase T Financial Express. 6–7 million EVs and nearly price while the price discount is up half of the 66 crore (from 21 The discussion includes reduc- to Rs 25,000 for three-wheelers crore now) vehicles by 2030. ing the Goods and Services Tax and Rs 1.87 lakh for 4-wheelers. (GST) levied on electric cars to l According to a Niti EVs manufactured in India can zero from 12% now. At present, Aayog-Rocky Mountain travel about 100 km in a single the GST (inclusive of cesses) Institute (RMI) report, India charge compared to 300-350 km on petrol/diesel vehicles ranges can save 64% of antici- by EVs manufactured by firms like around 28-43%. pated passenger road-based Tesla. To solve this problem, the If states agree to the plan, EVs mobility-related energy government will likely incentivise will be exempt form toll-tax and demand and 37% of carbon setting up of lithium ion battery road-tax making it cheaper. emissions in 2030 by pursu- plants in India. EV’s cost around 2.5 times ing a shared, electric, and Earlier, Maruti Suzuki India had of petrol/diesel vehicles and the connected mobility future. approached the government for scheme could enhance cash in- incentives to establish an inte- l This would result in a centives to buyers, sources aware grated manufacturing facility for reduction of 156 Mtoe in of the plan told Financial Express. the battery pack in India. diesel and petrol consump- The move will also ease tion for that year.

Mr. Roland asked the government to offer incentives on electric car imports until local output be- comes viable – if New Delhi is keen on ending fossil-fuel transport by 2030, reported The Economic Times. “At $52/bbl of crude, this would imply a net savings of roughly - Mr. Roland Folger, Managing Director for India, Mercedes Benz Rs 3.9 lakh crore (approxi- mately $60 billion) in 2030. This The German automaker, which is heavily investing in technology for would help India in achieving electric mobility, said that if adequate support is extended these its commitment under Paris Climate Agreement to reduce vehicles may make their way to India by 2020. the emissions intensity of its gross domestic product by 33-35% by 2030 from 2005 level. Earlier in June, Tesla CEO Elon Simultaneously, it would also Musk had said on Twitter that he is help Indian renewable energy manufacturers who could have in talks with the government of India 175 gigawatt capacity including regarding temporary relief on import 100 GW from solar by 2022. The restrictions until a local factory is EV batteries could be used to store solar energy.” built in the country. – Said The Report

Source: Moneycontrol

www.EQMagPro.com EQ September Part D 2017 39 STOCK RESEARCH

ping Corporation of India (SCI), all these to do so badly. Is there anything in the midcap stocks Buy Swelect that came in the last 24 hours that looked good to you? Answer : I think SML Isuzu was expected to post bad numbers looking Energy Systems: to the monthly sales numbers but, yes, you are right, the worst results which we have seen was worse than what was expected to be. However, taking a call on some of the good results which have SP Tulsian come, in fact I have taken on the post market close because majority of the results have seen coming in the market company should be able to post an EPS hours, but if I take a call on some of the of closer to about Rs 35-36 for whole of results which have come after market FY18. At that time also I said, now again hours, one stock which looks very good I am repeating, that if you take a call on is Stovec Industries.The company has the net worth of the company, it is Rs 700 posted really excellent numbers with crore translating into a book value of Rs EPS of Rs 40 for Q1 against FY17 700 core. Of the Rs 700 crore net worth, EPS of Rs 107. That result looks good. Rs 310 crore are lying in the cash and Spicejet, also pleased with the results. cash equivalent which translates into Rs If you take a call, maybe Rs 175 crore 310 per share. That means you are get- PAT against Rs 149 on the YoY basis. Mr. SP Tulsian ting the company at a core valuation of One result which has really come out Rs 200 which translates into a P/E mul- very good, in fact two results from the sptulsian.com tiple of just 6 times net of cash, or if you sugar space, Dwarikesh Sugar, posted take the entire, it is at 15 times. Again, the results during market hour with EPS the company has a very robust business of Rs 31 in Q1.Triveni Engineering again In an interview to model. They are providing solar power has posted excellent numbers with solutions and they are also making iron PBT of Rs 84 crore against Rs 62 YoY. CNBC-TV18’s Latha and aluminimum alloy foundry casting. Venkatesh and Anuj However, the best part is that Triveni So, taking overall perspective and overall Engineering has sold sub 19 lakh bags Singhal, SP Tulsian, view on the results and on the company in this Q1 while still they are holding 33 sptulsian.com shared his looking to the cash rich status, very good lakh plus bags to be sold in Q2 and Q3. and outlook on Swelect expected EPS of about Rs 35-36 for So what is the visibility on the Q2 and Energy System. FY18, I think the stock qualifies a good Q3 is very important and probably Q2 buy at Rs 507 with a target of Rs 610 in numbers is going to be seen better than six months or so. Q1 which is always seen to be a dull Anuj: This is a stock that you had Latha: I wanted to ask you about quarter because of the non-operations recommended earlier as well, the bunch of smaller stocks that seen at the sugar mills. So, these are Swelect Energy Systems, in June, came out with numbers. One was the few results, Dwarikesh Sugar, still good at these levels? not expecting SML Isuzu, and Triveni Engineering, Stovec Industries, Answer : I recommended this stock on then in another category Ship- and Spicejet, they are looking good. June 5 at Rs 424 and post that, in couple of months the stock moved to Rs 658; that means giving a return of about 60 Anuj: What is the advice on Prakash Industries and percent. However, maybe because of this J Kumar Infra now that they will start trading today? weakness or maybe because of the profit booking, the stock has now corrected to Answer : The fear amongst the I am not honestly expecting Rs 507. When the recommendation was retail investors are that probably any kind of relief coming in given earlier at Rs 424, the theme was again some relief from the Supreme from the Supreme Court be- excellent, FY17 numbers posted by the Court will come, it may again go cause these are not the matter company and the same thing continues into freeze and all that. So there are to be taken by the Supreme because the company has posted robust weak hands or maybe weak hearted Court, definitely the restoration Q1 numbers again. If I just quickly take a investors who will definitely be look- of the trading will continue in call on the standalone income, income is ing to exit. However, I don’t think that the stock. Difficult to predict at Rs 53 crore and PAT of Rs 7.3 crore. If both the stocks, because both have for the day on both the stocks, I make a comparative valuation of year- a price band of 20 percent. So I but on a fundamental basis, on-year (YoY) basis, PAT has almost don’t think that both should really hit it does not deserve a 20 per- doubled. EPS has increased to Rs 7.20 at the lower level, but if someone is cent lower circuit but definitely from Rs 3.80. I think that this momentum really holding them, I don’t think that both will be seen in the weak is likely to continue. If you take a call on there is any reason to worry. territory for the day. the consolidated numbers, probably the Source: moneycontrol

40 EQ September Part D 2017 www.EQMagPro.com

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Offer is for Limited Time and Bank Account Details for Cheques/Demand Draft Limited Number of Subscriptions Direct Payment/Deposit can be couriered to the on First Come First Serve Basis. following address Beneficiary First Source Energy India Pvt Ltd Bank Name Bank Of India Address : 95C Sampat Farms, HURRY...SUBSCRIBE NOW. Bank Address At - Bicholi Mardana Branch, Village Barda, Post Ali, 7th Cross Road, Bicholi Mardana, Indore-452001 (M.P) NDIA Indore 452 016 (M.P.) India Subscription Price Includes Account No. 882920110000386 Swift Code BKIDINBBPAL Shipping in India. IFSC Code BKID0008829 MICR Code 452013002 Online Payment by Cred- Payment Can be it/Debit Card at Beneficiary First Source Energy India Pvt Ltd Done by PayTM Bank Name HDFC BANK Bank Address Shop No.9,10,11, Shehnai 2, Kana dia Road, Indore-452016 (M.P) PAYTM Numbers INDIA Account No. 50200011285202 Swift Code HDFCINBB +91 986244496 IFSC Code HDFC0001772 MICR Code 452240008 [email protected] EXCLUSIVE INTERVIEW

In Exclusive Talk With Mr.Sven Kramer

Vice President Sales Solar Technology at teamtechnik Group

EQ: What is Your Opinion on dumping tariffs will be implemented it is the AntiDumping Petition, its also very important that the situation will possible impact on the Indian be reviewed on a regular basis. solar market EQ: In your view....how much Kramer: The Indian Solar dumping is happening on Manufacturers Association (ISMA) cells/modules and what is has initiated the anti-dumping petition. the expectations from the We have to wait and see what the Government EQ: What are the investigation will find out. In my opinion Kramer: It is difficult to say how much biggest Challenges, a fair competition is required. In case an dumping is happening. The Indian Solar anti-dumping tariff will be introduced it Manufacturers Association (ISMA) Threats to the growth will help the local Indian manufacturer has most probably some evidence. of Solar in India on the one hand side. On the other Otherwise they would have not started hand it will also affect them since many the petition. On the one hand the Kramer: Local cells are imported from China, Taiwan or government has to make thorough manufacturing has to Malaysia. At the end the prices for solar investigation. On the other hand it modules will increase which will make should not take too long to leave too be increased to increase solar energy less attractive and it might much doubt and too much room for the share of locally result in not achieving the 100 GW speculation. manufactured solar modules target by 2022. EQ: What is the Suggestion in India. This will help the EQ: How and when is it likely to the Government of India & to be resolved solar industry and it will China build a strong basis for a Kramer: Every investigation will take An open and fair competition its time. And it is also important that the Kramer: wider acceptance of solar is required from every country. India and investigation is performed thoroughly energy in India. If more jobs China should talk to overcome the topic and with correct data. If any anti- in the manufacturing sector soon. will be created, each state will support the 100 GW EQ: What are the current prices of Cells and Modules and what is the target even more. At the foreseeable prices in next one year time frame same time local companies Kramer: Based on my knowledge the current world market price for crystalline solar modules is around 0,30 - 0,35 US$ /W. It is very difficult to forecast a module price. have to invest in highly From beginning of 2016 until beginning of 2017 there has been a price reduction of 35%. automated equipment Looking at the published results of the stock listed solar companies, the companies have to be competitive with less profits or even losses. The price reduction cannot be compensated by reducing the costs which results in less profit or even losses. For a sustainable industry the price solar module producers should stay at the same level. Otherwise we will see a similar scenario as in 2012 which worldwide. resulted in shakeout of the worldwide solar industry.

www.EQMagPro.com EQ September Part D 2017 43 EXCLUSIVE INTERVIEW

EQ: Please describe in brief on the back side of the cell. Since we about your company, directors, use our patented hold-down devices in promoters, investors, its vision combination with our vacuum transport system on our Stringers we can achieve & mission a very precise ribbon positioning, not Kramer: Today, teamtechnik group is only on the front side but also on the Germany’s largest owner-managed back side of the cell. With a double- company in the field of assembly and glass module you will see of course test equipment. We are independent also the ribbon on the back side which and therefore highly flexible. For is, with a conventional glass-backsheet the global photovoltaic industry the module, normally covered up by the company has specialized on high- backsheet. The interesting question will throughput stringer machines. These be, how will solar module manufacturer high-performance production tools measure the efficiency of the backside are designed to combine reliable of the module with a bi-facial module. 24/7 production with excellent quality. You can achieve approx. 10 % to 20% teamtechnik is therefore a global market higher power output. But of course it leader in this segment. The company depends on where the module will be employs 900 people around the world installed and how much sun light will be and has production and support sites in reflected onto the backside. Germany, Poland, China and the USA. Our customers are using more Teamtechnik-group concentratesits and more PERC and PERT cells. efforts on three sectors: Solar, Our Stringers are design to process Automotive and Medtech. All Stringer them without any issues. Also 5 and 6 Systems TT2100 and TT4200GIGA are busbars can be processed. We do not manufactured at our headquarters in think that the number of busbars will Freiberg, Germany close to Stuttgart in increase above 6. We have performed a the Southwest of Germany. Together research study together with the SERIS with our worldwide partners we support institute of the University in Singapore. our customers all around the globe.A Simulations showed that the power key new business area is also assembly increase from 6 to 7 busbars is minimal and test lines for e-mobility solutions and and it does not account for the higher batteries. cost of the materials and for having one EQ: Solar Trade Wars : What additional ribbon within the module. In are the benefits to Indian regards to the HJT technology we have EQ: What is your market manufacturers to see if and when more manufacture share in the solar pv will invest in the technology. We have manufacturing market Kramer: Nobody will win with a trade developed a stringer tool which can war. Protection is required if unfair interconnect the cells using electrically Kramer: teamtechnik has more competition is in the market. Unfair conductive adhesive (ECA), our than 750 stringer systems in the is for example if the selling price of TT1400ECA, but so far there are not a market and more than 25GWp solar modules are below the costs of high number of available HJT cells in of solar modules are produced materials. But there is an economy the market. In my opinion this is due to every year on teamtechnik stringer of scale. It will be difficult for a small the higher efficiency of the PERC and systems. So far we have supplied manufacturer to compete with a big PERT cells and that existing lines can more than 2 GW of stringer GW manufacturer which might be even be retrofitted for the PERC technology. production capacity to India in the vertically integrated. So certain protection last 15 months. and support is required to establish a EQ: What are the various solar manufacturing base in India. technologies available for EQ: Technology road map in manufacturing and whats the redundancy. For high efficient Hetero- terms of 1500V , Double Glass, advantage & disadvantage in the Junction Solar Cells (HJT) we also have BiFacial Cells, PERC/PERT tech or equipment you offer ? our TT1400ECA in our product portfolio. With this technology we connect the Kramer: We offer our Stringer System Technologies, Hetero Junction, solar cells with a light trapping ribbon TT4200 GIGA and TT2100. In addition 5-6 Busbars upcoming game (LCR) and an Electrically Conductive we can provide our Layup System changes technologies etc… Adhesive (ECA). This allows us to matching the capacity of the Stringer process cells at a lower temperature Kramer: All of the above can be Systems. The TT4200 GIGA is designed of approx. 150 ºC or 160 ºC. With the processed with teamtechnik equipment. for customers with a production capacity soldering process a temperature around All of our Stringers can process Bi-facial with more than 250 MW. It is a compact 190 ºC to 210 ºC is required. Since cells (if they can be soldered which system with a high production capacity. HJT cells are more sensitive for the depends on the paste used during the The soldering process itself is the same temperature and some cells will reduce solar cell manufacturing process). If with the TT4200 GIGA and the TT2100. their power output at higher soldering you use a bi-facial cell, then of course At the end of the day our customers temperatures we can provide a solution you have a double-glass design. One have to decide which solution they to customers who are interested in important item so far not many people prefer, depending on available space, producing the next generation of solar paid attention to is the ribbon position production capacity and required modules.

44 EQ September Part D 2017 www.EQMagPro.com EXCLUSIVE INTERVIEW

EQ: What is the future of solar manufacturing technologies Kramer: We are currently seeing a trend towards 5 busbars. By increasing the number of busbars the resistance losses can be reduced. Based on our research and development work with the SERIS Institute at the University in Singapore we know that the maximum number of busbars will be 6. You can of course increase the number of busbars further, but based on the simulation performed by the SERIS Institute the power gain achieved after 6 busbars is only minimal.

EQ: Technology Obsolesence : hitting the ribbons in order to increase the relatively novel, but highly effective What solution you offer to your the power output of the solar module. PERC cells and bifacial cells in the customers against possible This also enables our customers to production process. It was no problem increase the power output by 2.5 for us. Another example is Renewsys. future technology obsolescence to 2.8%. Overall I have to say that Renewsys has purchased from us last when they buy your equipment customers using teamtechnik stringers year 2 x TT2100 Stringer Systems. This Kramer: Our current systems are highly are ready for the future and can rely on year we have supplied our TT4200GIGA flexible and can easily be upgraded to our technology and our support. Stringer to Renewsys increasing the new developments like 6 busbars and module production capacity from 130 EQ: Please present some MWp to 260 MWp. a wide range of new cell and ribbon examples of your equipment types. Also stringer systems which & technologies in India EQ: India currently has around have been supplied several years ago, 1.2 GW Cell Manufacturing such as the TT1200HS, TT1600 or and worldwide and their performance and 5GW of Module TT1800 can be upgraded to 5 busbars. Manufacturing…..what is the The stringer system was designed Kramer: One example, Vikram Solar, for the processing of 2, 3 or 4 busbar opportunities, challenges in Indian manufacturer of photovoltaic manufacturing in India cells. Our engineers found a way to systems, has decided to work with upgrade them to 5 busbars so that our teamtechnik to expand its production Kramer: India is expanding their customers can process these cells as to manufacture enough solar modules manufacturing base. It is the correct well on our stringer systems. With the to generate 2 GW, up from 500 MW. decision of the government in India to higher number of busbars the ribbons teamtechnik has been given the job of support local manufacturing. Only with are getting narrower. Our latest stringer developing and constructing production a local manufacturing base the solar generations TT4200GIGA and TT2100 lines for producing these solar modules. energy can be more widespread in can handle ribbons with a width of only For Vikram Solar, teamtechnik's worldwide India because more and more people 0,6 mm. As another item I would like service network was a decisive factor are supporting it. Our customers are to add that our stringer systems can in choosing the company, alongside the facing several challenges. One is the be upgraded for the processing of light technical benefits of teamtechnik's stringer availability of raw materials and local trapping ribbons (LTR). These ribbons and layup solutions. At Vikram, for manufactured solar cells. In addition have a special structure embossed to example, it was important to integrate financing the equipment is a challenge. increase the reflection of the sunlight

www.EQMagPro.com EQ September Part D 2017 45 EXCLUSIVE INTERVIEW

EQ: India is EQ: What the expectations from the Government to boost manufacturing in India ? currently ramping up manufacturing Kramer: It was a wise decision by the Indian government to set a target of installed PV capacity of 100 GW by 2022. You capacities…how much always need an ambitious target. At the same time you will capacity addition do provide a certain security to local companies that they can sell you forecast ? their local manufactured solar modules in India. Supporting the local companies with either a higher feed-in tariff for local Sven: Forecasting is manufactured solar modules, investment support such as always difficult. But financing support or support for setting up a new factory, will personally I see a big lead to a bigger solar module manufacturing base in India. potential in India. Solar Energy can be installed within a short period of time. The costs for EQ: WTO Case : India recently makes the hight system output possible solar modules have been lost to USA in the WTO for while minimizing the breakage rate. reduced over the last few keeping DCR mandate in its EQ: What are the various years a lot and therefore solar projects…whats your inspection, testing, verification, solar energy is competitive views assurance technologies with fossil fuels. India is Kramer: A domestic content to ensure high quality one of the fastest growing requirement (DCR) will help manufacturing and various economies and a lot of and support local solar module certification requirements additional energy will be manufacturer. Due to economy of Kramer: teamtechnik is certified required in the next few scale, smaller manufacturer will according to ISO 9001:2008. At our years. Solar will be able not have the same sourcing or factory our processes and our incoming manufacturing costs. In my opinion materials will be inspected and we to provide clean energy to there should be a DCR to create jobs ensure that only good components are the big cities in India as and help solar module manufacturer in used within our machines and systems. well as to rural areas. So I India. Every stringer system is tested first personally hope that more EQ: Enlighten with some new internally and then together with our solar energy will be added orders in hand, its timelines customers to ensure that exact the material which shall be produced at a in order to keep the air Kramer: At the SNEC in Shanghai we later time is working with the correct clean or cleaner in India. have announced that Renewsys has machine settings. decided on our Stringer TT4200GIGA. The existing companies Together with our customers we The equipment is installed at Renewsys in India will expand their perform peel-force tests, EL tests and in operation. At the upcoming REI of the produced strings as well as manufacturing capacities show in Mumbai we will have another measurements of throughput and and new players will enter announcement coming. dimensions to verify the correct and the market. On the solar EQ: What is the key exact configuration and settings. module manufacturing competitive advantages for During the manufacturing process at side I see a potential of your customers who choose our customers each incoming cell is to buy your equipment and inspected by a camera system and 10 GW to 15 GW of technology the dimensions, busbar position, grid production capacity within completeness and many more items the next few years in Kramer: Kramer: In one statement: are checked. Extremely high output of 130 MWp on India. During the soldering process we just 15 m². The Stringer TT4200 Giga is measure the temperature of each cell the most compact, yet fastest, stringer and we adjust the power output of system in the world. our Infrared Light Soldering Module Customers are confirming to ensure each cell is processed with availabilities of over 98% for all of our the same temperature achieving the systems. teamtechnik stringers have same good soldering result. After the a flexible machine architecture and installation of our machines we train our therefore they are always upgradable customer’s operators and maintenance for future cell or ribbon technologies. personnel. This will enable our All of our stringers use contact-free customers to run with a high uptime infrared soldering technology which and a high yield.

46 EQ September Part D 2017 www.EQMagPro.com Pv Manufacturing

Price Rise Of Chinese Modules: Foreign Dependency Is About To Make Indian Solar Dream Costlier India has shown a remarkable performance in the growth of the solar sector and has received global acclamation in the same. Be it setting up of the International Solar Alliance with France or playing a pivotal role during the negotiations at COP 21 at Paris, the Indian government is leading the global fight against climate change. India had taken a very calculated decision to increase the share of renewable energy in its electricity mix. Under the National Action Plan for Climate Change, a target of 20 GW of solar installations was announced in the year 2010 which was later revamped to 100 GW of solar and 75GW of other renewable energy sources by the year 2022. From less than 10 MW by the FY 2010, the country has seen an impressive growth to achieve a cumulative growth of 10 GW by the FY 2017.

REALITIES OF REVERSE BIDDING:

or most of the projects • It was estimated that solar auctioned in India, module prices would fall Fthe government relied to USD 23 cents/watt to on reverse bidding which achieve the desired tariff. brought the prices of solar • The anticipated price drop power to less thanINR 3/unit did not take place due to in 2017from nearly INR 15/ extension of feed-in-tariff unit in the year 2010-11. While programme in China. reverse bidding was helpful in reducing the price of solar • This meant that the prices power; it was seen that lot of of solar modules are still developers historically won hovering around USD 32-34 their bids based on price cents/watt. speculation of solar modules which constitute 50-60% of In the previous financial year, the module costs. many PSUs had extended the Unfortunately nearly 85-90 project deadlines in anticipa- % of the modules used in tion of further drop in module India now are manufactured prices. Many utilities had even in China leading to huge asked for renegotiation of PPA dependency on one country. once the projects were com- Take for instance, the recently missioned. Such speculation concluded Bhadala bid, which in prices can lead to projects saw solar tariff reach record becoming unviable or unnec- low of INR 2.44/unit. essarily being delayed. FOREIGN DEPENDENCE: Huge dependency on imported modules has affected the domestic solar module and cell manufacturing industry. • While the solar installations became 1,000 times of what it was in the year 2010 (10 GW from 10 MW), the module manufacturing industry only increased by 37 times of what it was in 2010 (7.5 GW from 200 MW). • According to a 2014 research report by CEEW on India’s AUTHOR : Gyanesh Chaudhary, solar policies, the Indian solar manufacturing industry was CEO and MD, Vikram Solar globally competitive till the year 2010 and was exporting solar modules to countries like Spain, US, Germany and Italy.

www.EQMagPro.com EQ September Part D 2017 47 Pv Manufacturing

• RCA or Revealed Comparative Ad- vantage, is a factor which highlights a OTHER CONSIDERATIONS comparative advantage of a country in here are few examples in India where the state utilities have set a given good relative to other good in a a non-conventional and unique condition for procurement ofsolar given set of countries. TPV modules, that is- Tier 1 rating along with an insurance backed • Incidentally,RCA of India for solar mod- warranty of 25 years. While India does have,a few tier 1 manufacturers, ules was more than 1 for India for most an insurance product for the same is not available in India. This means of the period till 2010, which meant that that Indian players are out of contention. The only way to set up the plant India was able to successfully compete with economically viable is to resort to Chinese modules, which meet with countries like China, US and Japan the desired specifications. For lack of economical options on insurance on the global scale. product, Indian module manufacturing companies will not be able to sup- • However, recession coupled oversupply ply modules for the power plant despite being fully capable of doing so. of Chinese and US modules (supported Hence, in addition to artificial price competition, some policy bottlenecks via low cost of finance) made a huge have also hurt the domestic solar industry therefore failing to provide impact on the domestic industry. Indian companies an equal opportunity and platform to compete. While these examples are outlier in the larger scheme of things, larger policy • While the government supported the In- framework is required under which various organisations can procure dian solar industry initially by mandating solar power – like fixing the share of domestically produced modules in DCR procurement, the programme could the project. not last for long as it was successfully challenged in WTO by USA. LASTLY The Indian solar industry with a The prices of solar modules have dropped drastically in cumulative manufacturing ca- the past couple of years and even mandating government organisations to procure panels produced domestically pacity of 5-7 GW of crystalline will not hurt the ex-chequer. solar modules and nearly 2 GW of • The difference in domestic revision because of wild crystalline solar cells has to com- and imported modules has speculations by the develop- pete with the China, which has a reduced to USD 2-3 cents/ ers which may in turn hurt watt from a difference of the industry. total manufacturing capacity of USD 10-15 cents in the past • Given that the prices of more than100 GWand 80 GWof 5 years. solar panels have reduced crystalline solar modules and • Hence, any support to drastically and the anticipat- solar cells respectively. The Indian domestic manufacturers will ed reductions are artificial, in fact have a lower impact the government may again government needs to support the than imposition of GST (5%) rethink the possibility of domestic manufacturing industry on the solar modules. introducing FiTwhich can lead to healthy growth of the • Encouraging domestic so that it is able to compete with solar industry. Chinese companies, which are module manufacturing companies will also lead to • The government must receiving government support at increase in jobs, reduce the through various means also various stages. forex outflow and increase support domestic manu- India’s energy security. facturing companies by providing necessary CAPEX • Huge dependency on support, mandate usage of imported modules can also domestic modules, explore have possibilities of imposing huge impact on the 100 GW safeguard duties like Europe solar dream. and USA, promote projects • The methodology to based on domestically pro- discover prices by reverse duced high efficiency mod- bidding may also need a ules and incentivise R&D.

We should learn from our experience of ultra-mega power thermal power plants which were set up based on low prices of imported Indonesian coal. The rise of coal prices has made the projects commercially unviable. Photo Illustration : Ankit Pandey

48 EQ September Part D 2017 www.EQMagPro.com EXCLUSIVE INTERVIEW

In Exclusive Talk With Mr.Krishnendu Mukherjee

Chief Operating Officer, Sova Solar Ltd.

EQ: Please share in brief Durgapur I have joined the business about your company, and simultaneously persuade the MBA. promoters, its vision & It is more than 5 yearsI have joined this business and enjoying it. Other directors mission? are from different steps of different Krishnendu: Let me tell about the industry. They have wide business vision of our company.The vision back ground. However,currently our EQ: What are your plans of Sova Solar is an ethical leader, manufacturing capacity is 200 Mw and for Manufacturing set up in driven by quality and innovation to and our aim is to reach 1GW. provide customer satisfaction with EQ: Solar Trade Wars :What India, the opportunities and sustainable growth.Our mission is to challenges in manufacturing produce product commensurate to the is Your View ? What are the in India? What are your plans international quality and standard, to Module Price Guideline on for India, your view on the promote and support clean, secure and module prices for next Q3-Q4- GOI target of 100GW Solar economically viable renewable energy 2017 and 2018? developments for a greener future . Power by 2022 ? Krishnendu: In the recent times, Moreover, definitely focus on long term , all forecast on cell, wafer and hence Krishnendu: Sova Solar plans sustainable business models to ensure module prices are up exponentially, in to be a 1 GW solar module best values and mutual advantages for contrary to the forecasts from globally manufacturer by 2019. As our stakeholders and employees. acclaimed agencies. The mega projects a part of our commitment to Shri Subrata Mukherjee, bid & won at ultra low tariff are finding the "Make in India" initiative my father, is the promoter it difficult to sustain. While the interest by the Government of India, of this company. He has an cost is the only area of respite, the solar wide experience in different wafer, cell & module costs have defied we are augmenting our annual field of different industries prediction and gone up. The situation plant capacity to 300 MW like Steel , Coal Cement remains quite volatile at the moment, within this calender year. The and others. His passion for green but likely to stabilise by Q3-Q4 2017. 100 GW JNNSM target has industry had set our force towards While there may be a downward trend, been a market booster for us. this industry. He is having 40 years of but very significant. In the coming year, Given the pressure on price business experience and which is the the downward trend should follow, given due to ultra low tariff and pivotal strength of our business. After the capacity addition in wafer plants completion of my B.Tech from NIT potential Chinese competitors globally. selling in India at prices lower EQ: What are the expectations from Government / NTPC / SECI / RUMS Team? than their actual cost, remains Krishnendu: As I said earlier, we expect the Government of India to give the a challenge. We are expecting Indian module manufacturers a level playing field amidst uneven competition from our Government to allow us China. Largest PSUs like NTPC are expected to enhance the quota of Make in India a level playing field in near modules, to help us grow. The schemes like MSIPS requires to be more investors future. friendly. Some incentives and and safe guard duty may be brought into push our confidence.

www.EQMagPro.com EQ September Part D 2017 49 EXCLUSIVE INTERVIEW

EQ: What is the basic intention optimize this using conventional solar Mr. Krishnendu With his to make a collaboration with cells and then to extent this for PERC/ father & MD of Sova Solar IIT- Kharagpur? How do you PERT cells. Detail analysis on the PID Ltd. Mr. Subrata Mukherjee. feel that it will help both you related effects are also being done. and your customer? EQ: Kindly enlighten our readers on the performance Krishnendu: IIT Kharagpur has significant expertise in the area of of your modules in India in EQ: How enjoyable is this Solar PV and have major academic various geographic locations, trade to you ? Do you feel as well as research programs. Prof. customer feedback? the target set for solar for J N Roy of IIT Kharagpur who is a Krishnendu: The market reports on celebration of 75th year of leading expert in Solar PV will be our solar modules have been good. our Independence is really directly associated with Sova Solar. He We have been quality conscious right achievable? will provide guidance on the product/ from the beginning and our plant manufacturing technology and Quality Krishnendu: The complete vision comprises of best in class technology and mission of the Indian Solar Management System (QMS). This & quality process. will ensure Sova Solar to provide Industry and our company as We have recently collaborated with well, has radically changed with best quality modules to customers IIT Kharagpur, to bring about further employing latest technology. enterprising efforts of our Hon’ble improvement in our process & quality Prime Minister, Shree Narendra EQ: You have launched the assurance. Modi and Shree Piyush Goel, SPV Modules with 1500V & EQ: How has RUMS Bid and Hon’ble Minister for Ministry of Module with PERC Cell. What SECI Wind Tender Bid has New and Renewable Energy. The is the technology road map in changed the dynamics for target set by them has changed the terms of 1500V , PERC/PERT Solar & Wind Projects in India. dimension of the Indian Solar Indutry. Technologies? What are the challenges, The target of 175GW Renewable Energy Capacity by 2022 is definitely The string size of threats and new opportunities Krishnendu: achievable . If your Government is the SPV installation is continuously you see emerging now? encouraging for growth to that tune/ increasing resulting requirement of Krishnendu: The results of these extent, you must feel energised. very high voltage. There are several bids have been very exciting, as they In my view if Indian Solar Industry technological challenges for such pave the way for further investment would get some basic support and development. It is more challenging in solar pv sector. At the same time, a primary stage protection from as Sova Solar making this product it is important that the projects are outside then India is now the most compatible to PERC/PERT cells. It has executed within the targeted cost, potential hub for the industry. To join to be seen that the effectiveness of quality & timeline to demonstrate in the mission of our P.M., our group passivation achieved in PERC/PERT economic viability of such ultra low has set a target of 1Gw of Module cells should not get nullified due to tariffs. Given the present impasse manufacturing capacity by 2018-19. this extreme high voltage. Moreover, due to increase in wafer, cell & hence In broader perspective Indian Solar the PID related issues may have to module price, it is quite a challenge PV industry should go well. looked into more carefully. As a road and opens up scope for further map Sova Solar’s present focus is to innovation across the value chain.

50 EQ September Part D 2017 www.EQMagPro.com EXCLUSIVE INTERVIEW

With 3 level IGBT technology and wider MPPT range, Hitachi Solar Inverters are delivering considerably In Exclusive Talk With high reliability and maximum power generation. In fact Hitachi Solar Inverters are among the most popular Grid Tied Mr.Himanshu Pandit Solar Inverters currently in India for its various technical advantages and major saving in EBOP (Electrical Balance of Plant). It is also suitable for high ambient temperature. We have maintained more than 99% uptime for all our Solar Inverter Installations. We also offer highly reliable after-sales-service-support from our dedicated & decentralized COO, Hitachi service centers located at strategic Hi-Rel Power locations across the country. Electronics Pvt. EQ: Present some noteworthy projects, case studies of solar Ltd., Ahmedabad, plants built using your solar India Inverters Himanshu: Through our social innovation business, we have been actively participating in providing renewable energy solutions to NTPC, Adani, Tata Power and many other well known companies through our highly advanced and high performance Solar Inverters. EQ: Please describe in brief about your company, directors, promoters, investors, its vision & EQ: The recent aggressive mission bidding by various Himanshu: With more than 3 EQ: How many developers keeping Solar decades of power electronics Solar Inverters Tariffs in the price range industry experience, we have of Rs.2.44-3.3 per kWh in garnered a significant level of trust have you supplied various Solar Tenders… in our market segment. As 100% owned subsidiary and with direct to India till now Whats your view on the control of Hitachi management, we and what is the viability, Costs & timeline continue to offer world class power pressures, Resource electronics products, value added next target. Challenges (Materials, services & customized solutions at Himanshu: Hitachi ManPower, Execution, Hitachi Quality. Our vision is to be Grid Connection, Land recognized as the most trusted power Hi-Rel Power Possession) etc… electronics company by supplying Electronics started superior products and services. Led Himanshu: This is a competitive by a visionary management at the solar inverter world and solar field cannot be an helm, we have a team with deep exception. However, for tariff falling technical and marketing strengths business in 2012 down, it is necessary to maintain the and knowledge of the industry. here in India and has quality of the product, which is the With expertise, experience and supplied more than way of life of company like Hitachi. an efficient product line, we will EQ: Kindly enlighten our always try to be the preferred power 2 GW Solar Inverters readers on the performance electronics partner. We target to lead all our current market segment be and targeting 8 GW of your Inverters in India at it grid tied solar inverters, UPS for by March 2020. various geographic locations. industrial (non-IT) and IT applications Himanshu: The Performance of our or medium & low voltage variable Solar Inverters is extremely good. frequency drives.

www.EQMagPro.com EQ September Part D 2017 51 EXCLUSIVE INTERVIEW

EQ: Enlighten our readers EQ: Briefly describe about your Hitachi Solar about your manufacturing Inverter and the containerized solution. set up, capacities, future expansion plans, etc. Himanshu: Our company is a key HITACHI SOLAR INVERTER Hitachi Solar Inverters offer hub, for both “Manufacturing” as maximum ROI (return on well as “Research & Development”, investment) over the lifetime within the power electronics division of the plant. With proper of Hitachi Group and we will leverage maintenance and parts it to drive Innovation and Growth. replacement on schedule, it Sprawling across an area of has an operating life up to 26,000 square meters and modelled 25 years. on Hitachi’s Omika Works in Japan, our Sanand manufacturing facility PRODUCTS HIGHLIGHTS is one of the most modern and • World class quality product state-of-the-art power electronics • High performance product manufacturing facilities in India. • High reliability All aspects of manufacturing, • High efficiency testing and quality assurance are • Advanced product overseen by highly experienced • Compact product design Japanese expats stationed at this • Proven components facility. It employs Omika Works Hitachi’s HIVERTER NP 201i Model Solar Inverter is • Simple, safe and fast installation based software tools for engineering among the best available Grid Tied Solar Inverters that • After-sales service and support and manufacturing and has one of is suitable for multi-megawatt and utility-scale PV power through extensive service network the most advanced in-house product plants. It is a critical balance of system (BOS) component • Prompt availability of spares and testing facilities in the country. in a solar photovoltaic system. With 3 level IGBT components locally in India We manufacture grid tied solar technology and wider MPPT range, Hitachi Solar Inverter • Easy to maintain inverters locally in India at this delivers considerably maximum power generation. It is • Long operating life available from 250 KW to 2.5 MW capacities. Sanand manufacturing facility, based on the contemporary technology of Hitachi Ltd, Japan. HITACHI PV POWER STATION For Solar, presently, we are operating on our maximum manufacturing capacity - 200 MW per month. We have an expansion plan in place and our production capacity for Solar Inverters would be double in next year. EQ: Tell us about your plan for research and development centre. Himanshu: Innovation through research & development has been rooted in our DNA. We have an in-house R&D (Research & Development) facility; set up in 1984, which is recognized by DSIR (Department of Scientific & Industrial Research), Ministry of We also offer Hitachi PV Power Station Science & Technology, Government which is an advanced containerized To ensure long lifetime in the most of India. It has enabled us to solution for large-scale and commercial challenging Indian environmental develop and market products that PV (photovoltaic) power plants, which condition, Hitachi PV Power Station have become industry standards. contains Solar Inverters and optional is designed & developed with highest Besides offering greater energy equipments for auxiliaries, serves structural stability which is water efficiency & lower carbon footprint, to protect electric equipments from proof, weather resistant, termite each of our product streams bears environmental influence. It has been proof and easy to install. It achieves the hallmark of excellence with developed to fulfill the objective of faster an excellent performance with IP company accreditations. commissioning, helps developers/EPC protection class mechanism design. Product development is a to significantly reduce the planning and Its design life is up to 25 years. continuous process at Hitachi Hi-Rel execution time of the PV project. to assist customers in increasing their productivity & profitability.

52 EQ September Part D 2017 www.EQMagPro.com EXCLUSIVE INTERVIEW

EQ: Share the details on certifications or EQ: What’s your compliance report for Hitachi inverters. commitment towards

HITACHI SOLAR INVERTERS COMPLYING the solar sector in STANDARD DETAILS India IEC 62109 PV Inverter General & PV Inverter Himanshu: India’s growing safety requirements with tremendous speed IEC 62116 Islanding system and its energy demand is IEC 60529 IP protection increasing accordingly. At IEC 61683 Efficiency calculations Hitachi Hi-Rel, we envision IEC 61000-6-2/604 EMC Emission /Immunity requirements a very sunny future. To address India’s surging 60068 Environmental testing demand for power, we are UL 1741 Inverters, Converters, Controllers and offering renewable energy Interconnection System-safety solutions through our EN 50530 MPPT Efficiency HIGH PERFORMANCE – IEEE 929 Recommended practice for utility HIGHLY RELIABLE - NEXT interface of PV systems GENERATION grid tied CEA guidelines Grid connectivity Solar Inverters. Hitachi (Amendment 2013) Solar Inverters are available IEEE 1547 Harmonics and DC injection with highly efficient conversion EQ: What are your plans at Gandhinagar and Sanand near technology, for India, your view on the Ahmedabad in Gujarat and so GOI target of 100 GW Solar primarily we are targeting India. manufactured Our sales & service network at our Sanand Power by 2022 expands out to the world with the Himanshu: We are suitably ability to reach out to clients across Facility, near equipped to co-partner our clients South Africa, Australia and Middle Ahmedabad, help to reduce and the government for the nation East market. dependency on traditional to achieve targeted 100 GW from EQ: Technology road map solar energy by 2022 to mitigate resources depleting and climate change impacts and in terms of 1500V , micro polluting electric power inverters, upcoming game promote energy security leading to systems. Hitachi Hi-Rel healthier and happier societies. changes technologies Power Electronics continues As informed earlier, we started Himanshu: We are at the advance solar inverter business in 2012 here stage of launching 2.5 MW indoor to help India meet the in India and has supplied more type Solar Inverter and 2.5 MW present and future energy than 2 GW Solar Inverters and containerized solution with plug requirements in a cleaner targeting 8 GW by March 2020. and play feature. EQ: What are the top 5 EQ: What will be the cost, and greener way. markets for your company technology trends in solar in the past, present and inverters future Himanshu: This will be always Himanshu: We have cost competitive & challenging manufacturing and R&D facilities market.

www.EQMagPro.com EQ September Part D 2017 53 EXCLUSIVE INTERVIEW

In Exclusive Talk With Mr.Mukesh Gupta

“We want to be a complete solar solution company banking on cost effective innovation”

icromax Energy Ltd, a part of the 15-year-old Micromax Group, forays its journey in the renewable energy space in India in August 2010 with a strong focus on innovation while customizing the cost effective Mproduct as per Indian need. Mukesh Gupta, Co-founder & Managing Director, Micromax Energy, who has an illustrious career, spanning over several decades in the technology and innovation, tells us how he brings his rich experience into the renewable energy sector.

54 EQ September Part D 2017 www.EQMagPro.com EXCLUSIVE INTERVIEW

EQ: Please share your journey so far from an innovator to a EQ: Where does Micromax Energy stand in successful entrepreneur. Mukesh: I began my journey from the Indian power segment? a humble background. My education Mukesh: We started with products stable. India Grid power condition started from a simple school in Delhi related to solar Power generation are very unstable & hence these and finally I completed my Graduation & Solar system design. We inverters are more likely to enter in electronics engineering & Masters recently signed a contract for the into disconnect mode even when the in Instrument Technology from Indian development of Indigenous Solar solar power is available & cause loss Institute of Technology (IIT), Delhi. Inverter technology to work in of energy generation. We understood My professional career started with sync with varied Indian power grid this gap and started developing an HCL in 1986 and then I joined Shyam conditions. indigenous design that will not cause Telecom, which is today’s MTS Group. the loss of Energy Generation even Micromax energy main focus will There as the Head, R&D, I got great in Indian unstable Grid conditions. be on energy sector weather it is an exposure to understand affordable energy generation or energy saving We found that in the Indian solar telecom technologies through a visit in or energy storage. As far as the team power sector needs a serious focus Taiwan. of Micromax Energy is concerned, on product side as 60% of the solar After that I decided to venture in the the engineers are from the energy panels are imported and as far as power segment. I cofounded Su-Kam sector with a vast experience of more inverters are concerned, there is Inverter in 1996 as Technical Director. than 25 years. We have worked from no Indian manufacturing company This venture taught me various valuable the designing of the inverters to the & design available to work in 100% lessons that I used in all my later end product. We understand the sync with Indian unstable grid endeavours. electronics and the power solutions conditions. Therefore, we decided In 2001, I joined Microtek and for India. Present solutions available to fill this gap and developed new developed an inverter. In just six months, in India are with solar inverter, ranges of solar and energy saving I build up this new segment and within which are designed for stable grid solutions which are cost effective the next two years of time, Microtek conditions & are imported with the as well as completely in sync with stopped all previous operations and technology developed according Indian grid condition. Our vision at continued only with the inverter. It was to the need of developed countries Micromax Energy is to be a complete a great confidence builder for me. After where the grid conditions are very solar solutions company. this success, I informed the company about my intention to go into solar space viable solar technologies. Rather than evolved a lot in the past decade. I would once my target in the inverter space producing energy, we were keener on like to categorize the storage solutions is met. But, it was not accepted by storing energy in a battery from the Sun. under different generations considering Microtek due to some strategic reason. In 2010, I discussed with Mr Rajesh the evolution path. At that point of time my idea was Agarwal, Chairman, Micromax Group India being a country with the totally futuristic as renewable energy about the idea of investing in the solar shortage of power, simple inverters sector was quite nascent in India, in space and got his full support and are in use for the last 15 years. Here Europe too, talks were more on the line encouragement. And, Micromax Energy batteries get charged through grid power of renewable power generation, but was formed. and stored power is used as backup certainly not on storage. I would share during power cut situations to ensure my idea on storing the solar energy EQ: Why are the solutions offered by Micromax Energy continuous supply. This off grid solution during the day and feeding it to the grid or the first generation solution is mainly to be supplied during night to investors. unique with respect to the used at residential premises. While many were impressed, there other solar solutions available The conversion efficiency of this kind were several hurdles. For example, in the Indian market? of inverters is generally in the range technology was very expensive in those Mukesh: In the solar business, all of 60- 80%, Hence , the cost of power days. The generation cost was very high solutions can be bucketed under two used during power cut through this back and importantly commercial viability broad categories – firstly, energy up increases almost two times of the wasn’t clear to businessmen. generation and distribution and secondly, normal electricity cost. There is also an So, in 2007 along with four professors energy storage for backup. At present, extra energy load on the grid for power at IIT Delhi, I started, SUNURJA, a we focus on the second category. requirement to charge the battery further company to develop commercially Energy storage solutions have been creating more shortage in electricity.

www.EQMagPro.com EQ September Part D 2017 55 EXCLUSIVE INTERVIEW

The second generation solution always profitable for power distribution Storage and Saving System (ESSS) for or off grid solar inverter technology companies. This solution is already such cases. This revolutionary solution successfully addresses the power cost facing such problems in Ukrainian and works both with and without solar as it and grid overload related issues. In off European countries. can store energy both from solar and grid solar inverters, batteries get charged Just like most of the leading power grid. through solar energy and acts as source solution firms, Micromax energy In commercial spaces, power tariff is of free power back up. This in turn, offers solutions which fall under the different in the different period of time. saves energy costs and ensures ensure first to fourth generations. Moreover, Smart ESSS stores power from grid no overload on the grid to charge the considering the typical power shortage during the hours of low tariff and utilise battery. This solution is quite effective for and cost sensitive situations in the Indian the same during the peak tariff hours. residential and office premises. market, we have introduced two new This in turn lowers the total power cost However, the second generation generations of solutions which are quite of the user. Secondly the fixed charge solutions are not capable enough to unique but cost effective. for the peak load is very high at any suffice the 24X7 huge load requirements We work on next generation commercial space though the peak load in commercial or industrial entities. technology on storage along with solar is required only for a very short span of Therefore, the third generation or on to provide a complete solar power house time. Therefore, it incurs an unnecessary grid solar solution comes into play. without any grid connectivity. This fifth cost on the user and also the power On grid solar solution also use solar generation or ‘Hybrid plus’ solution is distribution company has to be prepared energy as the free source of backup an improvised version of the second with that extra load which usually power and ensures uninterrupted power generation off grid solar inverters. This remains unutilised. Smart ESSS takes supply due to grid connectivity. Here, grid independent competitive solar away worries of peak load demands the extra energy produced through the solution is ideal for the Indian conditions as it is taken care by the internal solar system is sold to the grid through and saves cost as it uses solar power as storage. This, in turn, saves cost for “Net Metering’ system. These on grid the source of free power backup. This both consumers and power distribution solar solutions can be paralleled up highly scalable solution is applicable for companies. This solution is ideal for to megawatt scale for production of residential spaces, offices, commercial offices, banks, commercial, industrial electricity. This in turn, works as a source spaces, industrial usage etc. However, and residential applications. of income generation for consumers. cost of this solution is also much lower With this vast portfolio of solutions, This solution is applicable for residential, than the previous two generations as Micromax is far ahead of the other power offices, commercial and industrial there is no need for maintaining an solution firms present both in the Indian spaces. Presently, government is also online system. as well as Global market. promoting on grid solution due to its We also think a step ahead to Along with the inverter, we are also effectiveness. In India when people talk address energy and cost saving needs working on the motor for agriculture about solar, they mostly mention about of entities which have no space for solar purposes. My vision is to position this generation. panel installation or no power failure ourselves as a complete solar solutions However, this on grid solution condition. We have introduced the sixth company. I am sure that we will be able works in sync with electricity fed generation solution or Smart Energy to achieve it soon. into the system. It needs round the clock electricity and works only when electricity is available from the power EQ: How do you envision the growth of Micromax Energy? distribution company. This does not Mukesh: Energy demand in India is increasing at a brisk pace, while support at the time of power failure. the supply, though growing, is not able to keep up. Considering the Therefore, needs the back up of a small ever increasing difference between the generation and consumption of generator. Moreover, the ‘Net Metering’ energy, solar energy is going to play a major role in fulfilling the needs of system is not always profitable for power the energy sector. Therefore, solar power, despite the initial challenges distribution companies. It may lead to a in the sector, offers huge opportunities. The Government has set a situation where the user may sell solar target of 100 Giga watts by 2022. At Micromax energy, our aim is that at power to grid without buying any power least 10% of this installation should be done using our solar products or from grid but the entire system needs to technology that we have developed or will be developing. If everything be maintained by the power distribution goes well, next year we wish to be among the Top 5 players in the solar company. industry. We are also developing a design & support team to help the Considering the limitations of the EPC or channel partner to generate higher energy outputs with the same third generation solution, a new ‘hybrid cost, improved ruggedness & reliability. We are in process of finalizing solution’, i.e – online solar system with the contract with various institutes & reputed designed houses for joint storage facility has been introduced development of solar product with innovation & will apply patents also. in the global market. This is the fourth Customer invests in the solar power segment and expects to get generation solution. In this system maximum return on investment (ROI). Micromax energy will focus to the user can store the additional solar provide, develop, design & give support to their customer to achieve energy generated at his end for his own maximum ROI. use. But the provision of selling extra energy to the grid is dwindling as it is not

56 EQ September Part D 2017 www.EQMagPro.com SOLAR ROOFTOP

Asbestos Roof - Suitable Or Notsuitable For Solar PV Installation? Importance of ensuring the roof to be appropriate to install solar panels rises as factors such as installation cost and health issues depend on it. Understanding the major talk as to why passan invitation to adopt pollution free technologies which reduce global carbon footprints which is causing irreversible damage to the planet. This fact is simply far more evident in our national energy policy,so the popularity of solar panels is well admissible because not only they are going to help to save money but also add value by going environmental friendly.

t is unfortunate though, that going more chances of cracking. In other for solar isn’t always as simple words, it has low strength and as it seems. There are reasons High Brittle property. behind why Installer should refuse Once sheet cracks, the drilled to install solar panels on asbestos hole has to be filled with tar and roof even if is useful in addressing cement material to avoid leak- environmental concerns and sus- ages. Also in every two to three tainability. Installation on asbestos years refilling of tar and cement roof has potential to impose a is mandatory to avoid leakage health hazard if disturbed, drilled through the roof. In actual case into or cracked during or after studies, it has been found that the I installation. Now the question may leakage problem remain over the rise how could it be hazardous to roof even after filling the tar and human wellbeing? So here the cement. Operation & maintenance situation focuses on the fact of As- of the solar PV installation could bestos being microscopic in nature be very risky as it has a probability and can easily be inhaled. Once to break apart due to its poor load inhaled, the fibres cling to the carrying capacity, contributing to Ms. Sonali Rana, Design respiratory system, including the unfortunate life taking accidents. Department, Navitas Green lining of the lungs and inner cavity The verdict now is quite visible tissue leading to serious illnesses. and clear to us that solar PV instal- Solutions Pvt. Ltd. Prolonged exposure to asbestos lation and asbestos roof doesn’t too can significantly increase the go along because if we consider risk of developing a pulmonary our path toward going green then illness. solar falls as the positive aspect Furthermore, focusing on con- and asbestos roofingis the nega- cern of sustainability, it is definitely tive one. From the point of view not suitable for solar installation, of an, the most common difficulty as drilling is done on the asbestos which occurs during installation is sheet at the respective selected asbestos sheds itself and risk- points to fix the trapping bolts to ing the quality of installation and the rafter or purlins and may have possibility of an accident could be chances of cracking due to the a major setback to the industry weight imparted by the structure creating a negative approach in and panels. Additionally, more the minds of off-takers towards number of drilling points leads to solar industry as a whole.

www.EQMagPro.com EQ September Part D 2017 57 58 EQ September Part D 2017 www.EQMagPro.com www.EQMagPro.com EQ September Part D 2017 59 60 EQ September Part D 2017 www.EQMagPro.com www.EQMagPro.com EQ September Part D 2017 61 EXCLUSIVE INTERVIEW

In Exclusive Talk With PRETTL Mr. Vasan Ramasubramaniyam India's Mr.Vasan MD & CEO, PRETTL India

EQ: How much Inverters I believe that this will also lead to REFUsol re- entered Indian market, have you supplied to India compromise on technology driven after a lapse of around half year – till now, what is the target/ components , as some players who We made presence of our reentry, are offering 10 year warranty , with with our participation in the REI expectation in 2017-18 less/no validation proof for such 2016. This was well received by Vasan: REFUsol, a flagship brands a long period . On the long term, many clients .Of the supplies of of PRETTL Group, a leading German we have to match market changes REFUsol till date we have a positive family owned business house through make in India. feedback on acceptance from major has been active in India through EQ: Resource Challenges EPCs and the end customers. We its subsidiary Prettl India Pvt. Ltd (Materials, ManPower, thank all our clients for patronizing since last year July 2016. We have REFUsol. supplied around 15 MW of REFUsol Execution, Grid Connection, Land Possession) etc… The constant challenge of power Inverters since getting active in degradation with higher ambient Indian market. Our goal Vasan: While there will be temperature at locations where there is to double the sales in this FY challenges , in particular on land are high irradiations, also overcome 2017-18. acquisition , large dependency with our new generation Inverters EQ: The recent aggressive on imports of parts with long lead which will be launched in 4 th Qtr bidding by various time – resulting holding stocks by this year . developers keeping Solar the component suppliers – which In order to bring more flexibility Tariffs in the price range has a risk of wrong part inventory for the System designers with our and with negative impact on cost. Inverters and bring a lower TCO , of Rs.2.44-3.3 per kWh in Camouflaging the such indirect various Solar Tenders… we have brought is some features in cost will be of high risk for mid size the existing inverters – resulting in a Whats your view on the players . centralized concept from the current viability, Costs & timeline EQ: Kindly enlighten our decentralized version. pressures, readers on the performance EQ: Present some Vasan: Such an aggressive bidding of your Inverters in India noteworthy projects, case will not bring long term sustenance in various geographic studies of solar plants built for the component suppliers . Infact locations, customer feedback it will make the small players either using your solar Inverters wind up or merge with bigger players. Vasan: Last year, July 2016, Vasan: In the state of Rajasthan we have delivered for industrial consumption 1.3 MW which has high EQ: Please describe in brief about your company, energy yield up to 5.68 Units /Kwh / directors, promoters, investors, its vision & day – which really proves the high mission level of efficient Sting inverters . This is our USP. We have also Vasan: Prettl India Pvt. Ltd is a 100% Subsidiary of PRETTL Group. Led from supplied around 5 MW in the state of the front by a visionary Chairman of the group. Mr. Rolf Prettl, the machine is Ander Pradesh. Currently we are in to have a strong foot print of all the major business verticals of the diversified the process of acquiring of 10 MW group in India. We have already a strong foot hold in Automotive electronics project in the state of Telangana. , with a manufacturing plant in Pune . Also we have around 12 strong R&D In the western India we have engineers on the energy business in India who supports Prettl Energy globally successfully installed about 4 MW for new product development. We are enroute for a strong market positioning projects. All were achieved with our PV string solar Inverters in India with a target to go in local manufacturing ,in reliable product and experienced on support of “ Make in India “ policy of GOI. and off field engineers .

62 EQ September Part D 2017 www.EQMagPro.com EXCLUSIVE INTERVIEW

EQ: What is the size of Vasan: As mentioned above, we are applications particularly in roof your company in terms of analyzing a business case for local top & utility scale installations. manufacturing capacities, manufacturing. With post GST, we see Our product portfolio caters the 3 better economics than pre GST era. phase grid connected string Inverter growth chart, future As known we have robust European requirements quite efficiently. expansion plans, revenues, technology However, the concern will shipments, ASP’s, financial EQ: Technology road map be on dumping of goods from those in terms of 1500V , micro figures, countries where the custom duties are nil or low in comparison with the parts/ inverters, upcoming game Vasan: In less than one year of changes technologies its establishment , our Energy sub-assemblies that are needed to division in India targets about assembly & testing locally. Therefore Vasan: We are currently working on 20 MW in this FY 2017/18 in PV it is paramount important that anti- high density power string inverters dumping duty is levied & governed inverters business . Also we with a target to compete with central effectively. plan for local manufacturing , the inverters. economic working under progress. EQ: Briefly describe the EQ: Kindly comment of Considering very high level of various technologies and its Energy Storage as a game competitive market , it is important suitable applications such changer, its technology, cost that we also bring more value added as Central Inverter, String, trends…etc… service to our Customers. Micro Inverter, 1500V, Vasan: Yes. For countries like India EQ: What are your plans Outdoor, Container solutions and its scattered demography in rural for India, your view on the etc.. & urban areas, and the high power GOI target of 100GW Solar Vasan: We manufacture 3 phase outage, it would be very necessary Power by 2022 solar string inverters which are highly to bring out energy storage solutions like AC/ DC storage coupled storage Vasan: Considering the market efficient in terms of PR percentage & solutions which we feel are the right potentials and its competitiveness, energy yield. This is because of our products in the near future in the we are in a process of analyzing more than 3 decades of experience Indian market. Refu has already for local manufacturing the string in power electronics & innovation. developed to meet the market Inverters. Though the GOI target of We have patented many of the requirements. 100 GW by 2020 is challenging, but technologies which give us the niche it gives lot of opportunity for many in the market. WE are developing a EQ: Explain various EPC players to enhance their ability container solutions for string inverter guarantees, warrantees, to try out many models of Inverters which should be in the market in the insurance, certifications, test which can optimize a higher energy months to come which will reduce results, performance report yield. Refusol will be one of the keen opex cost in comparison with other of your inverters contender in this scenario. inverter manufacturers system/ layouts. Vasan: We have complied our EQ: What are your plans Inverters as per the IEC standards for Manufacturing set up in EQ: What are the top 5 markets for your company in that will meet all the requirements India, the opportunities and of safety and other parameters as challenges in manufacturing the past, present and future demanded by our nodal agencies in India Vasan: REFUsol primarily focuses and also targeted ‘0 failure rate within in commercial & industrial scale warranty period.

EQ: How much is your R&D budget as % of your sales / profits ? Vasan: R&D value addition is done in our mother Plant. Currently, most of the revenues are being spent on new technology innovation & the stabilization will take couple of years more to make a meaningful percentage comparison on the expenses on R&D.

www.EQMagPro.com EQ September Part D 2017 63 EXCLUSIVE INTERVIEW

EQ: Kindly highlight your Vasan: Use of lithium ion batteries Vasan: The reduction seen in the product, technology & in India will be best known solution unit rate of power generation through company USP’s, distinctive for long storage solution. However, solar is dramatically reducing and it’s with a prohibitory high investment giving rise to big challenge to meet advantages etc… the market is not prepare to take the new target levels. Before any the Vasan: Our Inverters are patented the leap towards these technology. targets are revised it’s a paramount with the unique product features Silicon diodes in the inverter important that complete chain of solar such as ultra ETA 5 level topologies, design are also technology which manufacturing parts/ components Convectional cool without external can improve the efficiency of the are looked with full picture and its fan, compact string inverter design inverters which however are still impact, so that the sustenance of along with Refu Log monitoring on the infancy stage on the Indian such of manufacturers/ importers are system. Our inverters have won market. improving,. awards on its performance from a EQ: Whats your commitment EQ: What are the well -known photon labs at global level. towards the solar sector in expectations from Tech India Suppliers like Modules, EQ: Please share information Inverters, BOS, Trackers of some new orders in hand. Vasan: As REFUsol goal & aim is to provide high efficient DC/AC etc….Whats the tech solution Vasan: Refusol has orders on hand converters for a longer life- fit & you thinking of deploying to the extent of 30 MW expected forget/ plug & play. Our “Think Global We as Refusol inverter before this financial year. Vasan: Act Local” drive within the group is manufacturers would like to propose EQ: What are the trends a direct license to travel close to the that there is adequate government in new manufacturing vision of our GOI. supports for introduction of new technology equipment, EQ: What will be the cost, technology for example container materials, processes, technology trends in solar solutions for string inverters which innovations etc… inverters will optimize the BOS & maximize the energy production.

64 EQ September Part D 2017 www.EQMagPro.com Pv Manufacturing Improve Your Profit Margin With Our Technology ECN – Your partner for CELL Technology

The world of solar energy is undergoing revolutionary change. Prices have eroded enormously and profit margins have disappeared. This calls for rapid action to reduce production costs and improve efficiency of the solar panels. To tackle this we need to jointly develop and implement improved processes and technologies.

he Energy research Centre of the Netherlands (ECN), home to numerous breakthrough technolo- gies, is ready to support the industry in this chal- lenge, both in crystalline silicon and in thin-film solar cells. ECN is a flexible partner for the industry, participating in joint development in various ways, in accordance with the client’s wishes. ECN has been a TResearch and Development institution since the early days in PV. ECN is renowned of its development work in photovoltaics with a high Technological Readiness Level. In the early days ECN was at the beginning of the success of the introduction of SiNx in the market. In the nineties SiNx was brought to the market by ECN’s licensee Roth and Rau. The SiNx technology has in the meantime become the standard anti-reflection coating in the market. For ev- ery R&D project ECN has been carrying out always a strong focus on feasibility in an industrial environment is present. The strength of ECN lies in a perfect balance of maintaining an innovative power and being sufficiently realistic towards market applications. ACCELERATING CHANGE Joint Development in cSi Production Technologies IN THE MARKET

ur breakthrough technology offers include individual rom lab to fab in one year: we offer process upgrades, complete production line upgrades you an unparalleled opportunity and full license to produce n-type bifacial silicon solar Fto work with one of the most O successful and knowledgeable PV cells – all technologies ready to shape the PV industry. In recent years, ECN has successfully completed a number of remarkable research institutes in the world. projects with partners. Yingli, Tempress and ECN jointly implemented ECN-patented n-type technology. Likewise, ECN is ready to implement technology that made us the world leader AUTHORS : in back-contact multi-crystalline silicon module efficiency. ECN’s Wouter van Strien Chetna Mohan success rate is demonstrated by the fact that technology jointly BDM Managing Director developed with ECN is employed in the manufacture of 60% of ECN Solar Energy El Camino Technologies solar cells worldwide.

www.EQMagPro.com EQ September Part D 2017 65 PV MANUFACTURING

LED Sun Simulator and EL Tester

Picture: Inside view Dr. Michael Fuß , of the LED sun Chief Executive officer, simulator M/s. MBJ Solutions

LED SUN SIMULATOR

oday LED based solar occur. nother advantage of the simulators are increasingly LED solar simulators are LED technology is the smart Tavailable in the market as addressing the disadvantages of form factor. LED flashers are an alternative to the standard A the Xenon technology. With an usually built up as compact table Xenon flashers. LED based solar LED Flasher a long flash duration flasher. The integration into the simulators offer crucial benefits can easily be realized and the production line is much simpler than compared to the conventional LEDs are designed for several before:for the measurement the solution of the Xenon technology. million flashes.Under normal modules can remain intheirnormal A well-known disadvantage operational conditions an exchange orientation (sunny side down) of the Xenon technology is the of LEDs is not necessary anymore. without theneed to turn the module relatively short life time of the In lab tests up to 10 million flashes to a vertical or sunny side up Xenon lamps.Theyare continuously with constant electrical current orientation normally required for a aging and must be exchanged after were carried out to prove it. tower or tunnel flasher. only a few months. The resulting At the end of the tests the An additional advantage of the spare part costs, the personnel degradation of the LEDs was LED technology is that the single expenditure and higheroperating less than 0.5% of the initial value. LED or the groups of LEDs can expenses caused by the down This yields to a stable luminosity be controlled very precisely. This times lead to considerable and spectrum over the whole control allows a nearly steady maintenance costs of the systems. product lifetime. 10 million flashes luminosity over the entire flash Another disadvantage of Xenon correspond to a life span of 10 duration. The stability of the lamps is the relatively short flash years with a cycle time of approx. light source is beneficial for the duration. Due to the capacitive 30s. The result is an immense measurement repeatability. In tests effects of today’s widely available costs saving compared to the costs an up to 5 times better repeatability high efficient solar modules occurring for a Xenon flashers was achieved compared to Xenon significant measurement difficulties product lifetime. solar simulators.

66 EQ September Part D 2017 www.EQMagPro.com Pv Manufacturing

Picture spectral division IEC60904- 9 edition 3

New demands from customers and new module designs provide new challenges to the EL TESTER manufacturers of LED flashers. With the still valid standard for sun simulators IEC 60904-9 edition he electrolumine scence inspection is accommodated in 2 it was possible to achieve the classification a separate unit following directly after the sun simulator. AAA with only 5 different types of LEDs. The new TFor the EL test MBJ relies on the proven technology of standard IEC 60904-9 edition 3 has a revised the EL-quick line series. These systems can be easily adapted partitioning of the spectral areas. To cover the to the customer needs. By variation of electrolumine scence revised spectrumat least 7 different types of LEDs camera type and number a pixel resolution of up to 180 µm are necessary. and cycle times of less than 20 sec can be realized. Such a Besides the new standard many customers demand setup makes the system a useful component in fully automatic that the new solar simulators additionally emitslight lines with short cycle times and automated evaluation. Even in the spectral region below 400 nm (UV) and today a big challenge for electrolumine scence measurement inthe region above 1000 nm (IR). LEDs with the systems is the reliable automated image processing for multi- mentioned wavelength are particularly expensive crystalline solar cells. Besides the reliable detection of micro which leads to considerably higher manufacturing cracks and active cracks the software also needs to detect costs for these solar simulators. Nevertheless, with soldering defects. To fulfill this, the image processing must be the long live time of LEDs and the resulting low a designed in way that allows the customer to setup different maintenance costs this will easily counter balance criteria based on the requirement of the cell material under the initial system costs. test. During the last years MBJ Solutions has invested a lot in the development of a user-friendly software, so that today the or the new bifacial modules the LED technology customers can adapt these settings themselves and therefore offers new possibilities. A bifacial module canbe new customer requirements can be easily implemented to the Fmeasured by simply putting one additional LED production process. unit above the module. Following the requirements for bifacial modules, the module can be measured first with Picture: MBJ EL systems 1000 W/m² from the sunny side and in a second step with 100-300 W/m² from the back. Next to that, it is also possible to combine the measurement and measure the total power with one flash with predefined settings for each of the two light source (the one for the sunny side and the one for the back side). The second generation triple A+ LED solar simulator from MBJ is prepared for the new standard edition 3. It already includes the increased requirements for the spectral distribution and the option for an enlarged spectrum below 400 nm and above 1000 nm in the new design.

The system can be complemented with the options diode test, dark current measurement, the automated measurement of the cell layout and the inspection of the cell edges forcracks and breakouts. For diode test the module is measured in reverse current and thus the voltage drop ofthe bypass diodes can be measured. Thus defective or missing diodes can be reliably detected. The dark current measurement is a smart method for the detection of shunted cells. The automated measurement of the cell layout makes sure that the required distances of the strings and the distance to the glass edge is within the required tolerances. The inspection of the cell edges completesthe evaluation of the solar cells. Another option is the inspection of the interconnection area on foreign materials and inclusions. This allows detecting remaining pieces of the ribbons which are dangerous because they can cause shortcircuits.

www.EQMagPro.com EQ September Part D 2017 67 EXCLUSIVE INTERVIEW

In Exclusive Talk With ​Geoffrey S. Kinsey

Ph.D., Director of Business Development, Hareon Solar India

EQ: How much modules have you supplied to India till now, EQ: Kindly enlighten our readers on what is the target/expectation the performance of your modules EQ: Present some in India in various geographic noteworthy projects, case in 2017-18 locations, customer feedback. studies of solar plants built GSK: More than 350 MW installed to GSK: The multicrystalline modules using your solar modules date (over 1 million modules) that make up the bulk of Hareon GSK: At 172 MW, the Target for 2017/18 is about 200 MW. Solar projects in India to date have Dichipally project recently EQ: The recent aggressive predictable performance wherever the local solar resource and temperature commissioned with ReNew bidding by various developers are known. We track the performance Power is the largest project keeping Solar Tariffs in the of our modules against “predicted” Hareon has constructed price range of Rs.2.44-3.3 generation (using PVsyst) and outside of China, and most per kWh in various Solar “expected” generation (using measured likely the largest solar project Tenders…Whats your view on local conditions). Performance to date by a Chinese company in matches expectation and, in some India. Our six utility-scale the viability, Costs & timeline cases, has exceeded predictions based pressures, Resource Challenges projects in Telangana and on the module ratings. Sample data Andhra Pradesh add up to (Materials, ManPower, from our installations is available on our 320 MW. Execution, Grid Connection, website (hareonsolar.in) Land Possession) etc… EQ: Please describe in of low cost capital for solar projects brief about your company, GSK: The low-end tariff recentlyquoted, directors, promoters, Rs. 2.44, is a “fringe” bid that was in India (Engie, Softbank, etc.) due to investors, its vision & placed at one location, where significant de-risking of the Indian solar commissioning costs were particularly sector over the last few years. Even mission so, we believe some developers have favorable; it is also based on GSK: Hareon Solar, founded speculation that future project costs taken aggressive calls on equipment costfor the next 12 – 15 months. So far in 2004, is one of the world's will be well below current costs. largest solar cell & module Such speculative prices can be this year, we have not seen softening of the poly silicon and module price going manufacturers. Hareon Solar expected in any auction process, also develops, constructs, but the fundamentals of power plant into Q3 as we saw in 2015 and 2016. Poly price has increased in the last few and operates PV power plants construction costs will not necessarily around the world. Hareon shift to meet these expectations. As weeks, and if the poly price holds in the Solar Technology Co., Ltd. such, low-end bids do not represent the $13 - $15 per kg range, we may not cost of PV energy across the country. see the expected decline in the module has been listed on Shanghai Understanding that such low numbers price. Stock Exchange (ticker: tend to attract (probably undue) EQ: What are the Module Price 600401) since 2012. Current attention, it would be better to track Guideline on module prices market capitalization is about average tariffs as a way to understand for next Q3-Q4-2017 and US$1 billion. the near future of the market. Some 2018 of the lowest tariffs seen in the recent auctions have been for solar parks, GSK: Assuming stable polysilicon where land, interconnection and other prices, we expect prices for Tier-1 shared infrastructure costs are quite modules to remain in the vicinity of low. We have also seen a large influx US$0.32 in Q3 – Q4 2017.

68 EQ September Part D 2017 www.EQMagPro.com EXCLUSIVE INTERVIEW

EQ: What are your plans for India, your view on the GOI EQ: What is the size of your company in terms target of 100GW Solar Power of manufacturing capacities, growth chart, by 2022 future expansion plans, revenues, shipments, GSK: Hareon Solar is proud to have ASP’s, financial figures, contributed about 2% of the PV installed in India to date. We hope to expand GSK: Hareon Solar has over 6000 employees worldwide. Our with local manufacturing in India, for wafer, cell, and module capacity is 2 GW. We have installed both the utility and distributed generation over 1.4 GW worldwide. We are a publicly-traded company sectors, so we can play an increasing (Shanghai Stock Exchange: 600401). role in helping India reach, and then exceed, its 100 GW target. With solar energy at or below grid-parity in most be found at hareoninternational.com/ parts of the country, we believe the 100 EQ: How much is your R&D products/). With costs and performance GW target is reachable by 2022. We budget as % of your sales / stabilizing across the sector, we hope the GoI will continue its support profits consider module reliability to be the for the solar industry by strengthening GSK: The R&D budget is typically about primary differentiator between PV the DISCOMs (UDAY scheme), and 4% of revenue; this includes reliability products. Warranties are a necessary investing in grid modernization to better testing. – but not sufficient – component of the integrate renewable sources. EQ: What are the top 5 diligence needed to assure return on EQ: What are your plans markets for your company in PV investments. Ongoing batch testing for Manufacturing set up in the past, present and future (via accelerated stress tests) is also India, the opportunities and essential to confirm modules will go the challenges in manufacturing GSK: With the growing awareness of distance and meet their performance the near- and long-term costs of climate guarantees. in India change, the entire globe is becoming GSK: Hareon is excited to manufacture a promising market. We expect China, EQ: Kindly highlight your in India soon. We have a plant under India and the rest of APAC, and the USA product, technology & construction in Visakhapatnam to remain the primary markets for the company USP’s, distinctive (hareoninternational.com/factories/). next several years. The Middle East, advantages etc… North Africa, and South America are GSK: Hareon is a vertically-integrated emerging as promising markets in the supplier of cells and modules, as medium term. well as a project developer and EQ: Solar Trade Wars: EQ: Technology road map owner. As such, we have a thorough What is Your View ? in terms of 1500V , Double understanding of, and a large financial Glass, BiFacial Cells, PERC/ stake in, how our products perform over GSK: Trade disputes can be a PERT Technologies, HIT/HJT, their service life. We offer mono- and healthy part of any industry, multicrystalline modules. We have IBC upcoming game changes found that mainstream multicrystalline shining light on any unfair technologies practices and providing insight modules provide the best value within into what the market price GSK: Our 1500-V modules and the utility-scale market. As a publicly- should be. However, once dual-glass modules are available listed multinational, Hareon can access trade disputes escalate into a as commercial products. We have capital and worldwide procurement “war” they tend to destroy, developed the capability to manufacture channels that enable the highest returns bifacial cells (and modules) and for on projects with our modules. rather than create, value PERC cells. These products will be for customers (as well as EQ: Do you also bring commercialized as the technologies financing solutions for your suppliers). In the case of the become more economically viable. We current module price war, the have ongoing R&D efforts in IBC and customers ? relentless downward pressure other high efficiency cell technologies. GSK: We do. As a publicly-traded on module prices cripples EQ: Explain various company (Shanghai Stock Exchange: companies delivering quality 600401), Hareon can often finance products and rewards those guarantees, warrantees, projects at favorable rates for companies that supply sub- insurance, certifications, test customers. standard hardware. Deploying results, performance report of EQ: As a manufacturer, kindly this hardware will reduce your modules share your plans to foray as energy generation, drive up GSK: Hareon provides a 25-year O&M and legal costs, and developer or equity investor performance warranty and a 12-year in solar pv power projects. undermine confidence in the product warranty. Hareon productsare PV sector, ultimately resulting qualified to IEC 61215, as verified in our GSK: Hareon has found success in this in more expensive solar certified in-house test lab in Taicang, approach. We have been proud to form energy for all. China. Hareon products maintain a host successful partnerships in co-developing of certifications worldwide, including for and co-owning projects with Renew India, Japan, and Europe (details can Power and Nereus Capital in India.

www.EQMagPro.com EQ September Part D 2017 69 EXCLUSIVE INTERVIEW

EQ: What are the trends in new manufacturing EQ: What will be the cost, technology trends in solar PV modules technology equipment, GSK: As the PV sector matures, look for it to adopt practices similar to other construction materials, processes, industries. As the module cost is approaching the cost of its materials, further innovation is innovations etc… likely to occur in the areas of installation and proving lifetime performance. Installation is likely to become more mechanized, so modules will probably become larger (similar in size GSK: The rise of dual-glass modules to roof decking, for example) and/or pre-fabricated for faster, more consistent installation brings opportunities for increased on-site. In order to prove modules will deliver on their assumed degradation profiles, more durability and overall system cost comparative accelerated stress testing and materials analysis will be used to help separate the reduction. The dual glass design “wheat” from the “chaff”. makes bifacial modules more promising wherever the mounting approach avoids As mentioned already in an above To that end, we are engaged in forming backside shading from the structure or question : With costs and performance partnerships to sustain the solar sector cables. The transition to diamond saws stabilizing across the sector, we in India. Local supply chains and local reduceskerf and wafer cost; 5-busbar consider module reliability to be the manufacturing (including the factory we cells reduce resistive losses and primary differentiator between PV are building in Visakhapatnam) will play increase module efficiency. products. Warranties are a necessary an increasingly important part of that EQ: As a module – but not sufficient – component of the strategy. manufacturer provided 25 diligence needed to assure return on the EQ: Comment on the warranty solar investment. Ongoing batch testing years warranties….is it (via accelerated stress tests) is also claim rate, rejections, backed up by warranties by essential to confirm modules will meet replacements etc… cell manufacturer, materials their performance guarantees. GSK: Warranty claims over the last three manufacturers ? EQ: What is your commitment years have ranged from 0.01% to 0.02% GSK: In order to maintain quality, towards the solar sector in of our shipped product. Hareon produces its own cells and its India To date, such claims have mainly been multinational procurement team works the result of perceived cosmetic issues to verify that suppliers meet strict GSK: Hareon plans to remain a (snail trails, etc.) or glass broken at some specifications for the bills of materials. significant deployer of renewable energy point during shipping or installation. products in India for decades to come. Now Read on Tablet & Smartphone

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70 EQ September Part D 2017 www.EQMagPro.com Pv Manufacturing

SUNLAB MEASURING INSTRUMENTS: OPTIMIZING SOLAR CELL PERFORMANCE In the production and research of crystalline solar cell the solar cell efficiency is influenced by many factors. An important factor is electrical losses, where different resistance losses play an important role.

eries and shunt resistance wide sold Corescan® is able to detect may lower the fill factor in contact resistance problems that can such way that the efficien- be induced by different metal pastes cy of the cell is far below or wrong firing settings. In a special specification. To be able resolved mapping it clearly indicates to control the quality of the where the problems exist on the solar solar cell and to enhance cell. Next to that it is able to perform Sits performance it is very important to simple Shunt, Voc and LBIC scans. have the right analyses tools on the The Sherescan® instrument has a workspot. similar build up as the Corescan and Sunlab B.V. has a long tradition can detect spatial resolved sheet in the delivery of reliable and cost- resistances in the range of 10-200 effective measurement instruments Ohm/sq. This tool is very helpful to Teraherz PV scan® instrument, in the field of solar cell resistance check the results and homogeneity measurement of sheet resistance in the measurements. The unique and world of the diffusion process. smallest details.

The THz scannerenables the >> Sunlab has developed special software to measure the sheet resistance of detection of sheet resistance differ- Selective Emitter solar cells. Both the ences on structures as small as 30 low and high ohmic emitter structures um. Next to sales of this instrument in the cell can be measured and in abso- Sunlab offers a measurement ser- lute Rsheet values. In the development of high efficiency solar cell the use of vice where solar cell developpers selective emitter structures is gradually and researchers can send their becoming part of cell architecture. samples to have them analyzed >> As the development of solar cells and decide on the benefits of this Corescan® instrument, measurement continues to move towards higher ef- of metal grid contact resistance, ficiencies solar cell concepts like inter- outstanding instrument. independent of the grid layout. digitated backcontact solar cells (IBC) are very promising. As allmetal contact Sunlab is a daughter structures are now on the backside of the cell, it becomes very important to company of the Netherlands optimize the size of the structures for Energy Research institute optimum conductivity and minimizing (ECN) that performs PV the creation of shunts between the two solar cell research for many polarities. As the size of the structures industrial partners. For go down below mm scalethere is a need that reason we focus on the for a high resolution analyses tool. For latest PV developments in that reason Sunlab BV and its partner industry and it is our aim Protemics GmbH have developed a Sherescan® instrument, measurement to help our customers to totally new sheet resistivity scanning find solutions for their of sheet resistance of emitters on silicon instrument based on the THz near field solar cells. Measurement of selective technology. measurement questions. emitter structures is possible to control the diffusion and barrier process.

www.EQMagPro.com EQ September Part D 2017 71 BALANCE OF SYSTEM

Araymond Defines New Standard In PV Module Fastening Technology

protected with corrosion protection lay- CLIPPING TO REPLACE SCREWS OR RIVETS ers that withstands at least 720 hours of salt spray exposure, their performances are maintained during the whole opera- tion time of the solar installation (more than 30 years) even in very aggressive By Jean-Baptiste environments (C4 class). ARaymond Chevrier, CTO remains at the innovation leading edge: of ARaymond ARaymond Energies, the solar entity Energies - France of the ARaymond network is present in most of the countries where solar market is developing such as Europe, South Af- ntil recently, mounting rica, Australia, USA, Brazil, Chile, Japan, systems designers of the China and obviously India. This allows PV industry did not have Figure 1: PowAR Cinch® clip performing ARaymond to acquire a broad view of much choice to fasten two functions, fastening and grounding the technical trends of the solar market Figurethe module 1: PowAR onto Cinch® its supporting clip performing rail. two and ground the number and be always at the leading edge of the U of different PV modules functions, fastening and grounding the module technology. As an example, dual glass onto their metallic (aluminum or steel) frameless (crystalline silicon 72 cell and supporting structure: screws or rivets large thin film module) and bifacial mod- was the unique alternative. But we at ule will certainly take in the near future ARaymond, specialist in innovative fas- a much larger market share. Fastening tening solutions in many industries like a large glass module without shadowing Automotive, we know the pros and cons the back side is a technical challenge of these classical fastening solutions: that ARaymond is actively working on. screws or rivets can be very effective ARaymond will soon propose a solution and cost competitive in assembling in which frameless module will be simply parts in a controlled environment where and quickly clipped on the supporting powered mounting tools and quality Figure 2: PowAR Snap® clip performing two structure. The flexible fastening solution controls are available and properly mainFigure- 1: PowARfunctions, Snap fastening® clip performing and grounding two functions, the fasteningwill greatly minimize the local stress in tained. But when assembly operationsand groundingmodule the onto modu itsle supportingonto its supporting rail. Here rail a. Here a the glass and therefore eliminate any risk are done outdoors, on a roof top or ontostandard standardUnistrut rail Unistrut is shown. rail is shown. of breakage during the installation. an elevated structure, in dusty, rainy or As a conclusion, Solar Systems are high temperature conditions, screws and submitted for a long period of time to rivets become much more problematic temperature, humidity and wind varia- to use and sometimes maintain. More- tions and Clip technology provides a over, the rigid connection they impose safer and more robust fastening solu- between assembled parts induce heavy tion than screws and rivets. Moreover, stress onto these parts when the whole assembly tools are difficult to operate assembly is fluctuating in temperature in outdoor areas where Solar systems during the day or is submitted to strong are installed and the manual assembly wind gusts. As a consequence, mounting of Clips simplifies greatly the installation system designers become accountable operations. In India, ARaymond started for problems such as screws loosening Figure 3:Rayvolt® clip, connecting working from 2007. Today ARaymond or accelerated solar cell aging via micro-Figuregrounding 1:Rayvolt® wire onto clip, module connecting frame. India is a fast growing company in cracks. ARaymond Clips ease-up and the renewable energy space. In Solar grounding wire onto module frame. domain, ARaymond India has already accelerate installation: our clips require despite continuous vibrations from supplied 300 MW worth of fasteners to a single movement in one direction to wind (50 000 cycles tests performed). - various Developers and EPCs likeMy- perform up to two operations like fasten ARaymond Clips improve plant produc- ing and grounding (see PowAR Cinch® trah Energy, Adani Power, Scorpious tivity: on roof top installation, the PowAR on Figure 1 and PowAR Snap® on Trackers, Oriano Solar among others. Snap® clip (see Figure 2) prevent Figure 2) or cutting the protection sheath Another 600 MW of various projects are stepping on the module and cell micro- of the cable and contacting the module under discussion. A distinct advantage cracks generation during the module frame to the copper wire (see Rayvolt® is that these solar fasteners are locally installation process. During operation, on Figure 3). ARaymond Clips reduce produced in ARaymond India’s state of the elastic design of our clip prevents maintenance: unlike screws, our clips the manufacturing plant in Chakan Pune. stress build-up on the module when they once properly installed do not require to This plant is equipped with latest Manu- are expanding and contracting everyday be exchanged or maintained. Their elas- facturing Technology, Quality labs and differently from their supporting struc- tic design ensures electrical contact and Testing & Validation facilities. ARaymond ture. ARaymond Clips improve reliability: fastening performances are maintained India aspires to cater to projects worth 5 as our clips are made of flexible steel GW annually by 2018-19.

72 EQ September Part D 2017 www.EQMagPro.com EXCLUSIVE INTERVIEW

corporate strengths, innovations etc. VK: Tata International’s design expertise in optimally designing mounting structures tailored to site & customer specific requirements, provides it with distinct advantage in the Solar market. Strong relationships with value chain partners enables the division to continuously innovate its products & services to effectively meet the evolving customer & market requirements. An asset light model, reinforced by key value chain partnerships, leveraging powers of outsourcing business model and borrowing from steel trading expertise of parent company, provides Tata International with distinctive, non-replicable advantages in the market place. EQ: What has been your performance last year and what are your plans for the current year? In Exclusive Talk VK: Tata International has offered its products & solutions to 350 MW solar projects in FY17 and is planning to grow this by 40% to 500 MW in FY18. With Mr.VIJAY EQ: The recent aggressive bidding by various developers keeping Solar Tariffs in the price range of Rs.2.44 – Rs.3.3 per kWh in various KHANDWEKAR Solar Tenders…Whats your view on the viability, Costs & timeline pressures, Resource Head of Module Mounting Structure Business, Challenges (Materials, ManPower, Execution, Solar, Tata International Limited Grid Connection, Land Possession) etc… VK: We believe that market will align itself to changing market EQ: What are the various Mounting Structures dynamics and constant innovation will bring cost advantage you manufacture/supply for the Solar PV and benefits to the sector. Tata International understands this Market dynamic market condition and is constantly aligning itself to the evolving needs by means of design and service optimization to VK: Tata International Solar division caters primarily to utility meet the aggressive cost pressures of the sector. Continuous scale solar projects, offering Fixed & Adjustable tilt mounting Innovation in the sector will position solar power an affordable structures and Sun tracking solutions, along with associated solution to the growing demand of electricity in India. installation, commissioning services and turn key DC services. EQ: What will be the cost, technology trends in EQ: Highlight on the importance of mounting solar mounting structures. structures in protecting the asset life VK: With continuously declining solar tariffs, cost & margin VK: Mounting structures form the basic foundation blocks of any pressures would continue to increase across the solar value solar PV plant. Tata International is adept in optimally designing chain. Developers would typically look for best optimized costs module mounting structure (MMS) solutions that serve reliability, for projects. Technology & supply chain innovations would durability and long life requirement of a solar project (tailored to drive cost optimizations in the sector, without compromising project specific requirements). Our solutions offer high quality on project quality. Further, developers would also be keen steel for project specific requirements, while offering price on evaluating solutions that lower the Levelized Cost of advantage through our innovative design concepts. We have Energy (LCOE) for their projects with use of new technology close to 1.2 GW mounting structure solutions installed till date in such as tracker solution, automated cleaning systems etc. most difficult terrain and soil conditions. To summarize, technology & supply chain innovations would EQ: Please present some noteworthy projects, go hand-in-hand with competitive bidding process in the case studies of the projects with your structures continuously evolving solar market. VK: Few noteworthy projects installed by Tata International include 160 MW of project installations in Kurnool (AP) across EQ: What is your view on the Government of two project sites. These two projects accounted for cumulative India target of 100GW Solar and 75GW Wind material supply of close to 4,250 MT of steel structures and Power by 2022….Can we achieve that and employed close to 70 Engineers (TIL & contractor teams what would be the challenges put together) & a manpower of 600 people. Further, TIL also installed one of its first projects with sun tracking solution for a VK: Tata International values and appreciates GOI project of 23 MW capacity in Karnataka. With this project, TIL initiative of 100 GW solar power by 2022 and will now has products / solutions across technology of a PV solar respond to market growth conditions by offering plant ranging from fixed tilt MMS to adjustable tilt MMS to sun its products and solutions. We will prepare tracking solution. and strengthen our supply chain and service EQ: What are your USP’s, distinctive advantages capabilities to cater to the growing demand and in terms of your technology you offer, your expand in the areas of growth.

www.EQMagPro.com EQ September Part D 2017 73 BUSINESS & FINANCE

CleanMax Solar Announces Equity Financing of USD 100 Mn from Warburg Pincus Funding to consolidate CleanMax Solar’s leadership in Rooftop Solar Market

leanMax Solar, India’s largest rooftop solar developer for the corporate sector, today an- nounced that it has secured equity financing “CleanMax Solar is a leader in the of up to USD 100 million from an affiliate of Indian solar rooftop market, provid- Warburg Pincus, a global private equity firm ing customers with cost-efficient and focused on growth investing. CleanMax Solar environmentally friendly solutions enjoys 24% market share in India’s booming to meet their energy requirements. rooftop solar market (Source: Bridge to India We believe that CleanMax, is well poised C 2017 report) and has numerous marquee to benefit from the strong growth tailwinds in the clients including the Tata group, the Mahin- sector, and look forward to working with the manage- dra group, the TVS group, Carlsberg India, ment team to build a world class enterprise.” Konecranes India, Carl Zeiss India, Manipal Education and Medical Group, SKF India - Saurabh Agarwal, a Warburg Pincus MD Limited, Mindtree Limited and Alkem Labo- ratories Limited. CleanMax will use the funds to continue its rapid growth in the rooftop and “The CleanMax Solar team stands out open access solar power markets in India, for their growth and performance. For while pursuing growth in select international the last 3 years, we have been working markets (Middle East and South-East Asia), with CleanMax as a rooftop solar and and growing the nascent, yet promising sustainability partner for Manipal energy storage solutions business. Education and Medical Group across our Universities and campuses, bringing in-depth knowledge about solar power and innovative solutions to the table. Their execution has been exemplary, qual- “CleanMax was founded with the mission ity of service and response is outstanding and pricing of being the sustainability partner for very competitive. My best wishes are with the entire corporates. Companies are leading the CleanMax Solar team for their journey ahead”. world in terms of sustainability aspirations, - T.V. Mohandas Pai, Chairman, Manipal Global and today solar power can provide savings upwards of thirty percent on a customer’s Education Services Pvt. Ltd. electricity bills with no investment from the customer. Warburg Pincus was a partner of choice for us as they have fabulous track record of partnering entrepreneurs in "I've been very impressed by CleanMax India over past twenty years. With this investment, we com- Solar’s mission of being a sustainabil- bine our market leadership in the corporate solar sector ity partner for corporates. They have with the status of being also the best capitalized company an impressive team and client roster. in the space. Our India business has grown from 8 MW in I'm confident this raised funds will 2014-15 to over 100 MW in 2016-17, and is likely to achieve help them maintain their market leader- aggregate capacity of up to 250 MW in 2017-18. Warburg Pincus’ investment will enable us to pursue additional ship position. The reason for our investment was growth opportunities beyond India, and provide next gen- clarity and conviction on scale of opportunity that eration solutions to our customers through a combination solar industry presented. It’s all about execution once of rooftop solar and energy storage. you have a good set of entrepreneurs – that’s what produces winners in the space”. - Kuldeep Jain, Founder and MD of CleanMax Solar - Anish Jhaveri, Founder of Oliphans capital, which was an early investor in CleanMax Solar

74 EQ September Part D 2017 www.EQMagPro.com ELECTRIC VEHICLES

l The result will be rapidly rising market shares for electric vehicles in the biggest markets, even with oil prices staying low. BNEF sees them accounting for nearly 67% of new car sales in Europe by 2040, and for Electric Vehicles 58% in of sales in the U.S. and 51% in China by the same date. Countries that have made early progress in EV uptake are expected to be among the leaders in 2040, including Norway, France and the U.K. Emerging economies such as India are forecast not to see significant EV sales until To Accelerate To the late 2020s.

Jon Moore, chief executive of BNEF, said that 54% Of New Car that growth in EV market share “will come about during a time when the power system is also undergoing a revolution, towards cleaner, more distributed generation. This means that not only do EVs surge, but their emissions profile Sales By 2040 improves over time.”

l BNEF’s forecast is based squarely on the relative economics of EVs Tumbling battery prices mean that EVs will not just have and ICE cars. It assumes that current policies to encourage EV take-up lower lifetime costs, but will also be cheaper to buy, than continue until their scheduled expiry, but does not assume the introduc- internal combustion engine cars in most countries by tion of any fresh measures. BNEF analyzed the auto market not just 2025-29. by country but also by segment, encompassing everything from small run-arounds to SUVs and large family cars. lectric vehicles will make up the majority of new car sales worldwide by 2040, and account Salim Morsy, senior analyst on BNEF’s advanced for 33% of all the light-duty vehicles on the transport team and lead author of the report, road, according to new research published in commented: “There is a credible path forward for July 6, 2017. The forecast, put together by the strong EV growth, but much more investment in advanced transport team at Bloomberg New charging infrastructure is needed globally. The Energy Finance, draws on detailed analysis of inability to charge at home in many local and regional markets is part of the reason why we fore- likely future reductions in price for lithium-ion cast EVs making up just over a third of the global car batteries and of prospects for the other cost components in EVs E fleet in 2040, and not a much higher figure.” and internal combustion engine, or ICE, vehicles. It also factors in the rising EV commitments from automakers and the number l The team incorporated work into their EV forecast work on two of new EV models they plan to launch. The central finding of the other hot topics in the transport revolution – autonomous vehicles, and research is that the EV revolution is going to hit the car market ride sharing. It concluded that the impact of autonomous driving will be even harder and faster than BNEF predicted a year ago. limited in the next 10 years but will play an increasing role in the market The team now estimates that EVs will account for 54% of all after 2030, with 80% of all autonomous vehicles in shared applications new light-duty vehicle sales globally by 2040, not the 35% share it being electric by 2040 due to lower operating costs. forecast previously. By 2040, EVs will be displacing 8 million bar- rels of transport fuel per day, and adding 5% to global electricity Fig:1 Annual global light duty vehicle sales consumption.

Colin McKerracher, lead advanced transport analyst at BNEF, said: “We see a momentous inflection point for the global auto industry in the second half of the 2020s. Consumers will find that upfront selling prices for EVs are comparable or lower than those for average ICE vehicles Source : Bloomberg in almost all big markets by 2029.” New energy Finance Fig:2 Global Light duty Vehicle Fleet l The forecast shows EV sales worldwide growing steadily in the next few years, from the record 700,000 seen in 2016 to 3 million by 2021. At that point, they will ac- count for nearly 5% of light-duty vehicle sales in Europe, up from a little over 1% now, and for around 4% in both the U.S. and China. l However, the real take-off for EVs will happen from the second half of the 2020s when, first, electric cars become cheaper to own on a lifetime-cost basis than ICE models; and, second – arguably an even more important moment psychologically for buyers – when their upfront costs fall below those of conventional vehicles. l The key component of an EV – the battery – is set to plunge in price, building on recent, remarkable cost declines. Since 2010, lithium-ion battery prices have fallen 73% per kWh. Manufacturing improvements and more than a doubling in battery Source : Bloomberg energy density are set to cause a further fall of more than 70% by 2030. New energy Finance

www.EQMagPro.com EQ September Part D 2017 75 RESEARCH RE Long-Term Demand Outlook Is Positive: ICRA

Owing to improving cost competitiveness of wind and solar power coupled with favourable policy support from both Central and state governments, the long-term demand outlook for renewable energy (RE) sector looks strong, says ICRA.

ccording to a study by the rating agency, the "Even under a conservative assumption of overall renew- improving cost competi- able purchase obligation (RPO) at 15 per cent (comprising tiveness for renewable energy players has 10 per cent non-solar RPO and 5 per cent solar RPO) by been driven mainly by fiscal 2022, the incremental cumulative RE requirement competitive bidding pro- for the period FY2018-FY2022 is estimated at 65 GW, which cess followed as well is quite significant," said ICRA Senior Vice President and A as a significant fall in photovoltaics (PV) module price levels over Group Head Sabyasachi Majumdar. the last three year period for solar players. Within this, he said, ICRA estimates the share of wind and solar energy capacity ad- "The RE projects in few states are dition requirement to be at least 35 per cent facing issues with tariff renegotia- and 55 per cent respectively. tion requests by utilities in view of Given the strong pipeline of projects the falling wind and solar tariffs awarded in the last 12-month period, ICRA expects solar capacity addition of 7-7.5 GW under competitive bidding. However, in FY2018, which is likely to be higher than such renegotiation is unlikely given the wind energy capacity addition. that there has been a precedence of regulatory ruling in favour of the "In case of the wind energy segment, developers in such cases," the capacity addition in the near Majumdar said. term will be critically dependent upon the finalisation of bidding plans He also said such RE projects may by distribution utilities and the Min- remain exposed to risk of forced back-down istry of New and Renewable Energy by utilities, especially in case of purchase (MNRE)," Majumdar said. power agreements (PPAs) wherein tariff is significantly higher than average power The RE sector continues to face regulato- purchase cost of the respective state ry challenges related to RPO norms and its owned distribution utilities. compliance, continuing delays in payments Going forward, ICRA said, the timely from distribution utilities and risk of forced alignment of RPO trajectory in line with back down by the utilities in a few states. targets specified by the power ministry "Nonetheless, some easing in release of along with improvement in RPO compliance payments has been observed in few states remains extremely crucial for achieving in the recent months, with the implementa- the 175 GW RE capacity target set by the tion of the UDAY scheme. This apart, while Centre. falling tariffs improve demand outlook, they also affect the cost competitiveness of pre- "Moreover, a fundamental improve- existing RE projects as well as the project ment in the financial position of the economics of new projects," ICRA said. distribution utilities remains impor- Also, the viability for the winning bidders tant in the long run, which is de- from the credit perspective would depend pendent upon their ability to curtail upon availability of long tenure debt at cost distribution loss levels in line with competitive rates, plant load factor (PLF) targets and tariff adequacy," ICRA levels and their ability to meet the budgeted noted. PTI PSK NRB RDS costs, it noted.

Source: indiatoday

76 EQ September Part D 2017 www.EQMagPro.com ROOFTOP & OFFGRID

Government schools in Delhi may soon light up with solar power. - File Photo Delhi Schools Planning To Light Up With Solar Power - By Ashish Mishra, IANS Government schools in Delhi may soon light up with solar power as the Aam Aadmi Party government is considering a proposal to set up photo-voltaic panels on rooftops of all its school buildings.

he move will "In this manner, initially give momentum the government is eyeing l He clarified that residential buildings had less ex- to the Delhi gov- power generation of 20 to 30 panse of shadow free area because of parapet walls, ernment's flag- MW solar electricity. After water tanks and other constructions on rooftops. ship programme successful implementation to make the of this project, the govern- l According to Delhi's solar policy, deployment of national capital ment will extend it further," solar panels on government and public institutions is Ta solar city. The government, the official said. mandatory. in its Solar Policy, targets to He added that the govern- The policy says that the government or public sector generate 2,000 MW electricity ment was of the view of that buildings constitute one fourth of the total solar through solar power by 2025. maximum utilisation should power potential of the city. Officials said the proposal be made of school buildings l The Delhi government last year notified the "Delhi to light up Delhi schools with in generating solar power and Solar Energy Policy" to rapidly develop decentral- solar energy was ready and turning them into "green build- ised renewable energy sources, especially solar, and would be implemented soon. ings". reduce its current dependence on unsustainable and Explaining why the govern- centralised fossil fuel energy. ment was targeting school "In the initial phase, l It says the city is blessed with almost 300 sunny buildings, the official said such days and the rooftop space available for solar panels solar panels will be structures were best for solar is estimated to be 31 sq km, giving Delhi a solar set up on the roof- power because they contain a energy potential of 2,500 MW. tops of 25 to 30 larger expanse of shadow free area. l The government has also released the list of em- school buildings in "Most of the government panelled companies so that domestic consumers can the city in the next schools buildings have big get solar photo-voltaic panels on their rooftops and few months," a Delhi flat rooftops and do not avail 30 per cent subsidy offered by the government. have parapet wall which l Energy Efficiency and Renewable Energy Man- government official gives larger expanse of agement Centre, which comes under the Department told IANS, declining shadow free area giving of Power of the Delhi government, is responsible for to be named be- maximum exposure of solar promotion of renewable energy, energy efficiency panels to the sun. This and energy conservation in the capital. cause the policy is condition is congenial for still under wraps. solar power generation." Source: Business Standard

www.EQMagPro.com EQ September Part D 2017 77 SOLAR PV MANUFACTURING

Goldi Green Solar Module Manufacturing Facility- Excellence In Manufacturing

Goldi Green is an ISO 9001:2015, ISO 14001:2015 & OHSAS 18001:2007 certified Solar PV module manufacturing company. We offer modules up to the range of 350Wp using Poly & Mono crystalline solar cells. Since inception, we have always focused on delivering the best quality to our customers, resulting in which, we have earned a reputation as being quality suppliers of PV modules in India as well as across the world.

he process of manufacturing a quality PV module at Goldi Green starts right The following in-house tests, conducted at our facility have from the time when raw materials are been instrumental in improving the long term reliability of introduced onto the production line. our modules. Various quality controls are implemented T before, during and after the production GEL CONTENT TEST process. Our quality control team monitors each step • Gel content of EVA is a is considered important for the of the production process, ensuring each module to measure of crosslinking of the PV module quality control along adhere to Goldi Green’s strict quality standards. This polymer. with assurance of reliability results in consistent delivery of rated power of our of the module up to its entire modules even under severe climatic conditions. • It is an important test to verify service life. the EVA nature and process of Lamination. • We at Goldi Green ensure Gel content of all EVA well above • EVA gel content determination 75%. IMPACT:  Proper adhesion around ronmental damages. Solar cells prevents moisture  Maintains stability at and guarantees safety, reliability elevated temperatures and and performance of Solar cells high UV exposure preventing continuously for long term. yellow-browning.  Offers physical protection  Optically transparent and from weather induced and envi- having low thermal resistance.

ROBUSTNESS OF TERMINATION TEST • Robustness of termination test is useful to check termination of cable attachment with Junction box. IMPACT:  Terminations, attach- ment of terminations, and attachment of the cables to the body of our modules can withstand stresses that are likely to be applied during normal assembly or handling operations.

78 EQ September Part D 2017 www.EQMagPro.com SOLAR PV MANUFACTURING

MECHANICAL LOAD TEST AS PER IEC NORMS • To determine the ability of the module to withstand static load conditions. IMPACT:  Goldi Green modules are able to withstand external static load factors like snow& ice loads of 5400 PA and wind pressure of 2400 PA from both the sides.

Adhesion pull test JB pull test • Test is done using an Adhesion  Goldi Green module Junction Pull tester and it is done for both boxes are fitted taking care of HV test (DCW, IR, Wet conditions EVA to Glass and EVA appropriate bonding of Junction to back sheet. box with back sheet thus as certain- leakage test) ing strength between back sheet, 1. DCW (Dielectric Current IMPACT: junction box and sealant. Withstand test)  Our modules are manufactured for ruggedness ensuring strong  Ensuring our modules have suffi- bonding between different material cient Dielectric strength to withstand layers of modules like EVA to Glass high voltage conditions,along with and EVA to back sheet. maintaining safety during operation.  This ensures longevity of Goldi 2. IR(Insulation resistance) Green modules throughout their  Goldi Green module live parts and operational lifetime. accessible parts are sufficiently well insulated and sufficient IR values are attained as per IEC standard.

3. Wet leakage test  Goldi Green modules have the best insulation which enables them to with- stand moisture from rain, fog, dew and melted snow, thus preventing corrosion to the active parts of the module circuitry, along with prevention of ground fault or a safety hazard and assuring best perfor- mance under wet operating conditions.

www.EQMagPro.com EQ September Part D 2017 79 SOLAR PV MANUFACTURING

Ground Continuity Test  All modules at Goldi Green undergo Ground continuity test.  Ground continuity test ensures that continuity is maintained in frame area after frame assembly.  As a result electrical continuity is maintained across entire frame so that at fault conditions safe grounding can be done. CONCLUSION: Solderability Peel Test Solar energy being a long term (More than 25 years) investment, solar module  We regularly do solderabil- reliability is one of the most important factors. Besides being tested by third ity peel test ensuring sufficient parties (SGS-TUV-SAAR) & (UL), Goldi Green modules are also integrated for solderability strength between reliability testing as part of the design process, and the test results are used to solar cells and ribbon to validate fine- tune module quality during mass production. All these efforts, backed by the process of tabbing & string- zero tolerance for any compromise on quality, help us maintain and deliver ing, solar cells and interconnect excellence in our products and manufacturing. materials.

“Our solar panel “Adopting a quality focused approach has been installations have our motto and we never compromise on it. stood the test of time, Armed with the best manufacturing know-how making them a value that technology can offer, and combined with for money investment a team of qualified professionals, we provide and enhancing our modules that are resilient, well-built and customers’ faith in us” extremely durable giving the best power output - Goldi Green Director performance compared to other reputed players” Chetan Shah - Goldi Green Director Bharat Bhut

80 EQ September Part D 2017 www.EQMagPro.com EXCLUSIVE INTERVIEW

VJ: As we know tariff price is Rs 2.44-3.3per/kwh ,this is very low for this with consider the quality of raw material and other manufacturing factor need to make in high volume production with least rejection. Globally solar cells prices are increasing for maintain this need to more production & cant compromise with quality for a long term power performance.In a last one month Cell prices increases very high 15-20% , a very big challenge for bidder /power project developers to meet the cost which they have given because modules pricing increasing day by day. EQ: Kindly enlighten our readers on the performance of your modules in India VJ: Our PV module performance is better in all kind of geographical locations also we have conducted more than 30 test in-house and field performance from our own make solar panel in our 2MW project in Ujjain with approx 6 MW in OEM. INTERVIEW With EQ: Present some noteworthy projects, case studies of solar plants built using your solar modules ? VJ: We have installed the 2 MW own INA make solar pv module Mr.VIKAS JAIN in Ujjain ,that has been commissioned in Q1 ,working fine and generation is higher as per our expectation due to all modules DIRECTOR, INSOLATION ENERGY PVT. LTD. installed microcrack defect free and PID free with 5 BB solar cells .same response form our Customer. EQ: Please describe in brief about your company, EQ: What is the size of your company in terms of directors, promoters, investors, its vision & manufacturing capacities, etc... mission ? VJ: 60MW Fully turnkey line by Jinchen with inline CCD camera in stringer ,layup , pre and post EL with other quality checking VJ: Inspired from ‘make in India’ campaign, Insolation Energy equipments with inline automatic visual inspection for avoid the has been formed by the combined efforts of senior industrialists microcrack. Mr. Manish Gupta and Mr. Vikas Jain having experience of more than 17 years in various sectors like Steel, Industrial EQ: How much is your R&D budget Solutions, Real Estates, Health & Fitness and Independent VJ: Our R&D team having professional highly qualified Solar Power Producer Business. Their aim is to provide clean experience person in PV industry with having experience in and green electricity at affordable price to one and all. Vision is backword integrations –cells ,Module & EPC, management has to provide high quality and cost-effective solutions across areas been decide day by day R&D team will do work for newly product of operations in emerging as well as developed markets while and issue budget 2 % of total profit . leveraging on the goodwill and experience of the group and EQ: Technology road map Management expertise. VJ: Our Product development and Engineering team already EQ: Enlighten the product & services you are working for new IEC certification with new BOM and product offering along with technology advancement? which stands for 1500 V with PERC cells for better performance VJ: Insolation Energy, an ISO 9001:2015 certified, MNRE approved in power plants .also we are designing and implementation stage & MNRE Channel Partner Company has state-of-the-art fully for glass to glass & Bifacial module for save the space. We are automatic manufacturing facility in Jaipur (Rajasthan) of 60MW per working for Bifacial ,back to back contact and merlin technology annum for Solar PV Modules in the range of 3Wp to 350Wp using module for a new product ,also working for 1500 V certifications . poly & mono crystalline cells. We have most modern production EQ: Explain various guarantees, warrantees, line with a robotic plant in a very hygienic and fully air-conditioned insurance, certifications, test results, performance environment where enough care is taken to avoid manual handling of material as well as finished products. Modules also certified for report of your modules ? UL at underwriters laboratory for USA. Up to 18% module efficiency VJ: INA Modules follow industry international standards, giving & PID free. Multiple EL testing for defect free modules & high the 12 years product workmanship and 90% power for 12 years conversion Efficiency due to ARC coated glass. Some of our most and 80 % up to 25 years performance. We have the all IEC popular Modules this year include :- certificates IEC 61215, IEC 61730 Ed.1 & 2, IEC 61701, IEC 62804, MNRE, CE, we are the authorized channel partner of l Sapphire Series 72 Poly Crystalline MNRE . We supplied the module to customer from our factory l Sapphire Series 60 Poly Crystalline to primary customer with a marine policy. For performance you We also offer customized OEM Solutions. We are constant can see the data generation of our projects which has been focus on increasing of technology efficiency evaluating commissioned at different locations. technologies to improve technology through PERC EQ: Kindly highlight your product, technology & technology & start to all testing in house. company USP’s, distinctive advantages etc… EQ: The recent aggressive bidding by various VJ: Our product having 5BB poly & PERC cells PID free module developers keeping Solar Tariffs in the price range with latest standards 96 hours 3 cycle and microcrack defect of Rs.2.44-3.3 per kWh in various Solar Tenders… free,also with narrow bin for avoid the mismatch of array or Whats your view on the viability. losses in current .

www.EQMagPro.com EQ September Part D 2017 81 POLICY & REGULATIONS

I have gone through the file not- ings of the Registry of the Com- mission on the original petitions filed as well as the contentions of the petitioner made therein on the question of classification of this petition. The issue lies in a narrow compass and therefore it is suffice, if it is examined whether the petition filed by the petition- er herein has the attributes of dispute resolution and whether the Registry was right in classifying the present petition as a Dispute Resolution Petition (D.R.P.) and rejecting the claim of the petitioner for classifica- tion of the petition as a Miscel- laneous one.

The main contention of the Coun- sel for the Petitioners is that the prayer in the above petitions involved the exercise of regula- tory power of the Commission and that the Commission has al- ready accepted the petition filed by M/s. National Solar Energy Federation of India with a similar prayer and classified the same as Miscellaneous Petition only. Now I have to see whether the re- Tamil Nadu turn of the above petitions by the Registry directing them to file as Dispute Redressal Petitions (DRPs) is in accordance with the Electricity Regulatory provisions of the TNERC’s Fees and Fines Regulations, 2004. On the question whether the present petition is one of Dispute Commission - Order Resolution or a Miscellaneous one, I have no manner of doubt that the present case requires Consequent to the orders of the Hon’ble Appellate Tribunal for Electricity dated adjudication by the Commis- 16.5.2017 in Appeal Nos.71 to 73 of 2017 directing the Secretary of the Commission sion and cannot be taken up in regulatory jurisdiction, since to place the matter before the Chairperson for disposal, the matter has been referred to without hearing the other side, me by the Secretary of the Commission under Regulation 20(7) of the TNERC-Conduct the Commission cannot decide of Business Regulations and they are numbered as Pre-Registration Cases (PRC) Nos.1 the monetary claim made by to 3 of 2017. The referral has been made against the orders of the Registry under Regu- the Petitioners and on previous lation 20(6) of the TNERC-Conduct of Business Regulations. The hearing date was fixed occasions the Commission has on 16-06-2017 A.N. and the Counsel for the Petitioners Thiru Rahul Balaji appeared on classified the petitions filed by that day to make his submissions. the generators for “MUST RUN” status as Dispute Resolution Pe- tition only. It is for this reason, I The Petitioners have filed petitions before this am inclined to hold that the issue Commission inter alia with the following prayers :- of “MUST RUN” Status requires formal adjudication and not (i) To direct the Respondent to strictly (ii) To issue appropriate directions exercise of regulatory jurisdic- enforce / implement “MUST RUN” status to consider deemed generation to tion. Therefore, the argument on solar power plant of the Petitioner in solar plant for loss of generation of the petitioner that the entire the State of Tamil Nadu and consequently due to outages / backing down matter falls within the regulatory direct the Respondent not to issue orders instructions of Respondents and jurisdiction of the Commission to the solar power plants to switch off gen- to approve the methodology for cannot be countenanced and eration or to back down generation; estimating deemed generation. hence rejected.

82 EQ September Part D 2017 www.EQMagPro.com POLICY & REGULATIONS

Having said so, the next point that Though the petitioner has strenuously canvassed for classification of the arises for consideration is whether present petition on the ground that the prayer sought for relates to the the decision of the Registry in “MUST RUN” status and not dispute resolution and in a similar case, the treating the petition filed by the same type of petition was admitted and classified as “Miscellaneous Peti- National Solar Energy Federation tion” (i.e. in the case of National Solar Energy Federation Ltd.), I am of the as a Miscellaneous one is correct considered view that there is subtle distinction between these two cases and on the same logic whether as explained in para 5 above. A reference to the fees and fines Regula- the present petitions could also tions would bring out the fact that there is a difference between the be classified as Miscellaneous fees payable by an Association and by a Generator who seeks a Dispute Petitions (M.P.). Firstly, the issue Resolution. The following portions of the Fees and Fines Regulations of cannot be examined only with ref- the Commission would be relevant for better understanding. erence to the Conduct of Business Regulations alone as it involves the Fees & Fines Regulations as well. I am of the view that the Registry of the Commission has two fold duties before it, namely, ensuring the adherence to TNERC’s Con- duct of Business Regulations as well as the Fees and Fines Regula- tions. The Registry has to not only ensure that the petition is filed as per Conduct of Business Regula- tions but is also duty bound to exercise due diligence in ensuring the collection of appropriate fees for which proper classification should be done by the Registry without going into the merits of the case lest it may result in financial loss to the Government to which As may be seen from the above, the petitioner being a generator, his the fees collected by the Commis- case for dispute resolution could be taken up only under Section 86(1)(f) sion are remitted. It is important to of the Electricity Act, 2003 read with item 7A in the Table under Regula- note here that the petitioner in the tion 6 of the Fees & Fines Regulations which prescribes 1% of the amount said case namely National Solar of Dispute, subject to a minimum of Rs.20000/-. On the other hand, the Energy Federation Ltd. relied upon Miscellaneous Petitions filed by an Association is subject to payment of by the petitioner herein is an As- Rs.2,00,000/- under item 7 in the Table under Regulation 6 of the Fees & sociation representing the cause Fines Regulations. The question involved herein being one of monetary of generators collectively. Need- nature and the Commission remits the fees collected by it under the less to say fees cannot be levied Regulations to the Government of Tamil Nadu, the Registry has to classify for a petition filed by an Associa- the petitions and collect fees as per the Regulations to avoid any mon- tion under Item No.7A in the Table etary loss to the Public Exchequer. under Regulation 6 of the Fees & Fines Regulations as only Dispute Resolution Petition involving a Further, the learned Counsel himself admitted during the hearing that he generator and a licensee would has filed with a similar prayer in respect of M/s.Green Infra Wind Farms attract fees under the said regula- Ltd. as D.R.P. for “MUST RUN” status of wind energy (vide D.R.P.No.28 of tion. At the same time, the right of 2012). On this count also I hold that the contention of the Counsel for the the Association to file a petition Petitioner that the above cases ought to be classified as Miscellaneous cannot be curtailed so long it satis- Petitions is not sustainable for the reasons stated above. fies the requirements of Conduct of Business Regulations and Fees Under these circumstances, I hold that the Registry has rightly returned & Fines Regulations and rightly for the above petitions with a direction to file the same as D.R.P. I therefore this reason, the petition filed by direct the Petitioners to file the petitions as D.R.P. with applicable fee. the National Solar Energy Federa- With the above orders, the PRCs are disposed of. tion, which is an Association was classified as Miscellaneous Peti- tion. However, in the present case, the petitioner is a generator who cannot maintain a Miscellaneous Petition as per Fees & Fines Regu- lations and he is entitled to file only as a D.R.P., falling under the said item 7A of the Fees and Fines Regulations.

www.EQMagPro.com EQ September Part D 2017 83 EXCLUSIVE INTERVIEW

In Exclusive Talk With ​Mr. D.V. Manjunatha

Founder and Managing Director, Emmvee Group

EQ: How much modules have EQ: Present some noteworthy you supplied in India till now, projects, case studies of solar EQ: Kindly highlight your what is the target/expectation plants built using your solar product, technology & in 2017-18? modules. company USP’s, distinctive advantages etc… DVM: Emmvee supplied 500MW till GSK: • We have installed the world’s date and in financial year 2017-2018 most advanced cell stringer machine DVM: Emmvee brings the top target 350MW. and multi-stack laminator, beside other class On-grid and Off-grid modules for various applications. sophisticated machine in our facility. EQ: Please describe in brief It has always been in the forefront about your company and • Emmvee commissioned 1MW of technology adaptation in the objective Roof–top solar power plant at its solar manufacturing facility. Emmvee water heater manufacturing facility is the first company in India DVM: EMMVEE is the market leader in Dabaspet, Karnataka, India, has a to install high speed stringer in solar industry with global presence. production area of 25,000 Sq. mtrs. and multi-stack laminators From the time of its inception in 1992, • Emmvee is also a successful bidder manufactured by German the company has always been pioneer for developing 3 power projects of total companies. in the solar sector, consistently setting capacity of 40 MW in Karnataka. These Photovoltaic power can be new trends with its comprehensive reliable only if modules are able projects are being developed at the cost system solutions. Emmvee, to perform in the harshweather of around 280crores. manufacturer of photovoltaic modules conditions for more than 25 and solar water heating systems with 2 • Emmvee’s Joint Venture with Dr. years and to achieve this, the specialized manufacturing facilities and Reddy’s Lab, Hyderabad for the supply module have to meet stringent employs over 650 people. Emmvee is of solar power for their facilities for next quality requirements. As the headquartered in Bengaluru. 25 years. The capacity of solar power market matures , more and plant is 15 MW. more developers are looking Our objective is to become the • We own and operate 14WW power for high quality modules and global leader in manufacturing highly Emmvee always ensures that plant in Germany. qualitative, innovative and cost-effective the quality requirement of the solar water heating systems as well as • We have worked closely with developers are met through high solar photovoltaic modules and systems prestigious clients like Sun Edison, tech manufacturing process and that will provide clean, reliable energy BHEL, NTPC, Dr.Reddy’s Laboratory raw materials. Emmvee sources sources around the world. etc…. the raw material from the best companies’ worldwide.

EQ September 2017 www.EQMagPro.com www.EQMagPro.com EQ September 2017 EXCLUSIVE INTERVIEW

EQ: What is the size of your company in terms of EQ: Solar Trade Wars : What are the benefits manufacturing capacities, to Indian manufacturers growth chart, future expansion DVM: The Solar trade war has no positive benefit to the plans, revenues, shipments, domestic solar manufacturers. The trade war has induced fierce ASP’s, financial figures competition among the manufacturers and in order to secure orders many manufacturers are resorting to cut corners in Quality DVM: Emmvee, manufacturer of of the module’s, which will definitely result in large scale failure photovoltaic modules and solar water of modules in field within a short time. This situation in not a heating systems with 2 specialized pleasant are as the power plants will not be able to generate the manufacturing facilities in Bengaluru. desired Electrical energy. Emmvee is committed to meet our existing and prospective customers emerging needs in the field of Solar EQ: What’s your commitment Technology. Anticipating the needs of towards the solar sector in EQ: What are the trends our Customers/Clients, the state-of- India? the-art fully automated manufacturing in new manufacturing facility is situated in Bengaluru. Emmvee DVM: Emmvee thrive towards technology equipment, wants to play a very dominant role in qualitative and quantitative optimization materials, processes, solar PV scene of India. Emmvee has at in providing customers with Sustainable innovations etc present 0.5 GW per year solar module Wide Ranging Solar Power Solutions. manufacturing capacity and has plans to We believe in quality and our DVM: At Emmvee, we are able to expand as per the market development infrastructure, specialist staff and do stringing of solar cell at a very and needs in future. It produces high engineers, and state-of-the-art process high speed about 5550cells/hrs. in quality photovoltaic modules using make sure we achieve optimum a single machine. This machine is the latest and best machines; have a production quality and well satisfied very sophisticated and completely unique modular system offering higher customer .We are committed to offer automated. The machines can productivity with optimized processes. highly reliable product and solar power string 3, 4, 5, PERC and bifacial solution. solar cells. PERC solar modules are now getting lot of attention EQ: What are the top 5 and many companies have EQ: Kindly enlighten our readers on markets for your company in the performance of your modules already switched over to PERC in India in various geographic the past, present and future? solar modules. On the materials locations, customer feedback DVM: India, Germany & Middle East side, we see lots of improvement countries. in Back sheet designs; they are DVM: In India too, the company getting better and cheaper. EVA is has successfully completed power EQ: The recent aggressive being replaced polyolefin silicones projects aggregating to a total capacity bidding by various developers which are having better properties of 100MW as on date, which also keeping Solar Tariffs in the and ease to produce modules with includes roof top projects. Many these materials. reputed developers like BHEL, Tata price range of Rs.2.44-3.3 Power, NTPC, Amplus, IC India and per kWh in various Solar EQ: How much is your many more have used the modules Tenders…What’s your view on R&D budget as % of your produced by Emmvee in their projects the viability, Costs & timeline sales / profits. and are extremely satisfied with the pressures, Resource Challenges products. The company is also in (Materials, ManPower, DVM: Emmvee invest 2.5% sales the forefront in using Green power towards R & D budget. to meet the electricity needs of its Execution, Grid Connection, manufacturing facility. It has its own Land Possession) etc… EQ: What are your plans 1MW power plant installed on the roof DVM: The recent price bid is definitely for Manufacturing set up of its manufacturing facility.Emmvee very challenging to achieve. The prices also very active in EPC space of in India, the opportunities of the solar cells and modules are large solar photovoltaic based power and challenges in projects. The company has a great already showing upward trend and manufacturing in India deal of experience in developing and we foresee that the prices of cells will commission many power projects continue to grow further due to the DVM: We already have full- in Europe. The company owns and strong demand in China and other fledged manufacturing facility operates 4 power plants in Germany. Countries. This could put lot of pressure at Bengaluru at the moment So far the modules that have been on the developers who have bid at such we are having 0.5GW and we sold in Europe have shown remarkable prices. are planning to enhance the performance and until now we have EQ: As a manufacturer, kindly production as far the market not had any claims from our customers share your plans to foray as demands. in Europe. In fact many customers reported a very good energy yield developer or equity investor in and performance; they are very much solar pv power projects. satisfied with our modules. DVM: At Emmvee we would like to focus more into module production.

EQ September 2017 www.EQMagPro.com ENERGY STORAGE

Mr. Nitin Sharma, Vice-President - Time of Day (TOD) based energy Solar & EMS, charge is leading exponential Raychem RPG growth of home energy storage systems in Australia, USA, Ger- many and South Korea. In fact, South Korean government in- creases the PPA rate by 5 times, when distributed solar is coupled with a storage system. The Current India is the leader in terms of technology customization, localization and adoption. We see that similar technologies are proliferating in India wherein the Trends In Energy combination of renewable en- ergy, energy storage and digital technologies are enabling people to monitor their energy consump- Storage Space tion and sources. We, at Raychem RPG, are proud Globally, Individuals and Industries are taking control of energy and partners of this technology shift its source. Increasingly, sustainability is linked to individual choices with our pilot smart grid proj- and business sustainability. Western European countries are leading ect with PGCIL and are driving with regard to energy sources and consumption patterns. technology innovation to enable businesses and individuals make ajority of these countries have energy smart energy choices. sustainability goals that are linked to national policies. For example, Sweden has a goal to Our smart controller based sys- take fossil fuels out of energy mix completely tem helps users optimize diesel by 2050 and they are working aggressively consumption while designing en- towards the same. Hitherto oil tankers and ergy generation, using combina- reserves along the coasts have been con- tion of solar power, grid connec- Mverted into museums and tourist attractions. USA, Western Europe, tion, energy storage and back-up Australia, Japan, South Korea including India have specific govern- generators. ment incentive and policies to promote generation and usage of cleaner energy generation. Wishing all readers energy inde- Distributed solar, small wind and energy storage solutions pendence and power on the GO! coupled with smart IOT based technologies have enabled people to SEMS Imagination delivered! have better control on their equipment at any time of day when they can optimally run equipment, thereby saving energy cost.

www.EQMagPro.com EQ September 2017 PR DUCTS REFUcube - New concept of Centralized String Inverter System Design

In order to optimize string inverter plant designs, REFU Elektronik GmbH - since years focusing on highly efficient and reliable string inverter technology - has conducted several studies and gained interesting insights.

t became clear that a significant po- (MTTR) and easy replacement in case of in a 20ft (for 1 MVA) or 40ft container tential of savings in string inverter failure. Higher energy yields and flexibility (1.6-3MVA). It includes MV/LV trans- plants can be achieved when group- are achieved by the modular design, for former, MV switchgear, LV switch board, I ing all inverters ata singlelocation example in non-homogeneously shaped DC connection panel, auxiliary transfer close to the transformer (or the point terrains.Increasing divergence of module and auxiliary switchboard as well as grid of connection to the public grid) reducing degradation during lifetime can be miti- protection relay. All components are pre- AC cabling in favor of DC cabling The gated by reorganization of the solar mod- wired (with DC, AC and data communica- benefit is even amplified when using alu- ules on different inverters. tion) and tested to ensure optimal com- minum cables on the long DC homeruns In summary the studies made evi- patibility andease of installation. It can from the field to the inverters. When using dent that centralized string inverter plant be transported easily to and handled at high DC/AC ratio of up to 150%, the over- designs are superior to other concepts the solar plant locationthanks to its low all losses of cabling are also reduced. (central inverter as well as decentralized weight and compact design. The REFU In a centralized installation approach string inverter plant designs) in terms of CombinerBoxes are positionedclose to other advantages of string inverters such costs, risk reduction, design flexibility and the solar panels and therefore allow short as easy maintenance in one place and ease of installation. As a direct result of PV string cables and only one cablepair the reduction of delicate communication these studies, REFU has developed and (+/–) from each DC CombinerBox to the infrastructure are achieved. now launched the REFUcube – the first container. Compared to central inverters string centralized string inverter solution in an Thanks to the natural convection cool- inverters reduce the risk threatening busi- ISO container. ing of the integrated REFUsol 46Kin- ness plans and/or performance bonds REFUcube is available in four power verters and the intelligent ventilation due to the short mean time to repair classes – 1, 1.6, 2 and 3 MVA and comes concept the container doesn’t require fans or airconditioning for the inverter compartment. This means the need for maintenance is keptto a minimum. The use of stringinverters in the centralized concept allows on the one hand an easy replacement in case of problems, while on theother hand guaranteeing a continu- ous operation of the remaining inverters. Therefore theoverall system availability will be close to 100 %. Additionally the design and easy installation of REFU- cube provides several areas ofcost sav- ings: the reduction of cabling, minimized set-up and installation effort as well asre- duction of commissioning costs.

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