In an insightful interview with SolarQuarter, Guru Inder Mohan Singh, Founder & COO at Amplus Solar talks about how the company adheres to the safety and quality measures at project sites, their state-of-the-art remote monitoring & in-house analytics technology and the company’s trade on IEX’s Green Term-Ahead Market.
Proper and continuous monitoring of plants plays a crucial role in enhancing the performance and we know that Amplus has a state-ofthe-art remote monitoring & in-house analytics technology in place for the same. Are there any other new innovative technologies making their way in Amplus?
We have been using data science for advanced analytics to improve the solar plant performance. The following are the key highlights of the innovative techniques employed by us:
India’s Irradiation Grid model : Using data from our sensor network pan-India, we have created an irradiation grid model which can predict the irradiation for any latitude and longitude within India with high accuracy.
Soiling Estimation and Early Action: Soiling estimation models have been developed
using data science to estimate the loss to due to soiling on the solar PV modules.
Irradiation & Power Forecasting: We have developed irradiation and power forecasting
models using advanced machine learning techniques including but not limited to time
series models, gradient boosting regressors, convolutional neural networks, etc. which can predict irradiation and power at a day-ahead basis at a 15-minute granularity.
Investments are needed to push any sector further and the solar sector is no different. Please give us some idea about how the investments in the solar sector are currently faring and specifically in Amplus?
Recent bids in utility scale projects show that the global investors are very bullish on India’s renewable energy sector. However, many developers are facing challenges in raising debt at a competitive cost. There is always pressure on equity investors to keep lowering the tariffs, however the grid parity of solar is sustainable only if we are able to provide low cost financing to solar projects.
Recently Amplus became the first solar power company to trade on IEX’s Green Term-Ahead Market indicating its fast adaptability to the ever evolving market. Please tell us more about it.
Power markets are evolving across the world, moving from legacy PPA models (read locked-in for life) to shorter term transactions. Renewable is the de facto technology of new capacity additions, and hence getting the de facto treatment from utility buyers. Corporates want to go green, being responsible to their conscious customers and investors. Al l these changes are shaping the market. It is very important for any energy company to keep an ear to the ground and keep adapting its product to the demand. Our transaction on GTAM is the result of this belief.
Read the full interview here: https://solarquarter.com/2020/12/07/solarquarter-india-november-2020-issue/