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Let’s begin with a glimpse of your company’s presence and offerings in India.

Raychem RPG has been leader in grid connection and insulation systems for over 28 years. We bring the same expertise and bankability to the solar segment. Raychem RPG is proud to be an integral part of one in three units of solar power generated in India. Raychem RPG solar solutions are designed for increasing ROI on solar investments by increasing energy harvest, reducing O&M cost and improving uptime. Raychem RPG is positioned as end to end solution provider for energy storage solutions and supplier for complete electrical balance of system for solar parks and distributed solar systems. Our main solar products include:

• PV Container solution: 1000V and 1500  V design with single container output between 2.5 MVA to 8.5 MVA with options of 4, 5, 6 MVA solutions

• PV Central  inverter:  1000  V  and  1500 V independently modular central inverter going up to 1.5 MW single inverter

• String inverter: 1 KW till 27 KW IP 66 snap in inverter design for faster execution and higher reliability with Fronius GmbH

• String combiner and monitoring boxes: 1000 V and 1500 V type tested for less than 10-degree temperature rise

• Solar inverter transformer: Market leaders for multi-winding solar inverter transformers

• Energy storage systems: Complete end to end system design, integration and commissioning of energy storage system starting KW going up to grid connected MW scale.

• Grid connection and insulation systems

What have been some of the recent developments at your organisation?

Raychem RPG won India’s first Megawatt scale grid connected energy storage system project from PGCIL. This is under execution and we are excited about the value Raychem Innovation Centre is bringing to Energy storage solutions and its integration with solar and wind hybrid projects. We have made good development in the solar rooftop segment and a lot of channel partners are coming forward to be part of the overall growth story.

Tell us a bit about the recent technology advancements in your sector.

We are excited about Solar Parks moving on to 1500 V technology and integration of energy storage systems with upcoming solar park projects. Our central inverter solution is completely compliant with new draft CEA regulations confirming reactive power compensation, power factor correction, THD levels guidelines and other grid connected control systems. With over 550 MW of 1500 V inverter on ground globally and over 750 MW in different stage of commissioning, we believe that we have a product that is certified and well suited to support latest solar PPA pricing.

What are your growth plans for the Indian market? What are the milestones you wish to achieve by the end of this fiscal?

We believe that we have good tailwind with right fit energy storage solutions and 1500 V systems. With our extensive service network, we would want to demonstrate power of technology to help developers make money in the current solar market.

What have been the latest trends in demand for your products & services in India? Where do you see the next demand growth coming from?

We see the next set of demands coming from hybrid solar, wind and energy storage projects. Micro grid is another segment wherein we believe that regulators are working towards making it a viable business model. However, solar rooftop and ground mount systems will remain the mainstay for growth and innovation in medium term.


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Solar power generation from rooftop installations is expected to soar over the next five years given declining costs, facilitating policy measures and incentives to consumers. However, the government’s target of generating 40% of the 100gw capacity planned by 2022 from rooftop solar could prove a herculean ask.

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U.S. Solar Market Insight Report.

Authors Note: Revision to U.S. Solar Market Insight report title

GTM Research and SEIA have  changed  the naming convention for the U.S. Solar Market Insight report series. From this publication onward, the report title will reference the quarter in which the report   is released, as opposed to the most recent quarter in which installation figures are tracked.

India is targeting 100 GW of solar by 2022, out of which 20 GW has been allocated to solar parks. The Ministry of New and Renewable Energy (MNRE) is considering increasing the capacity to be developed at solar parks to 40 GW.  Currently, there are 34 solar parks planned across 21 Indian states, where projects aggregating 20 GW will be set up. However, project development is being hampered by delays relating to infrastructure and site preparation issues.

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Funding and merger & acquisition activity for the solar sector

>> Total corporate funding, including venture capital funding, public market and debt financing, into the solar sector was up in Q3 2016 with nearly $3 billion in 45 deals, a 78 percent increase compared to the $1.7 billion in 32 deals in Q2 2016