waaree december

We Have Been Successful In Reaching Out To Various Solar Integrators & Developers Across India And To Meet Their Further Growing Demand, We Are Expanding Our Annual Capacity To 300MW+: Sushil Bansal, Founder And Managing Director, Novasys Greenergy

Sushil Bansal, Founder & Managing Director, Novasys Greenergy

Reading Time: 4 minutes

In an interesting conversation with SolarQuarter India magazine, Sushil Bansal, Founder & Managing Director, Novasys Greenergy briefed us about the company’s journey and its products. He also shared details about the new product launch, their technologies, and future plans.


 Please give us a brief overview of your company and its journey.

With our more than 26years of experience in dealing with fossil fuels, we realized that renewable energy must have a substantial contribution to meeting our day-to-day energy needs. Our pursuits led us to set up the most advanced 100MW Solar PV Module manufacturing unit in 2019, at Nagpur which is in the central part of India and has the logistical advantage to cater to the requirements all across India. 

We have been successful in reaching out to various Solar Integrators & Developers across India and to meet their further growing demand, we are expanding our annual capacity to 300MW+ shortly. We have further expansion plans in 2023-2024 and with that, our annual capacity will become 500MW in the same premises.

Also Read  We Have Been Awarded A 130 MWp Project In Jordan With O&M For 20 Years, This Project Will Be The Beginning Of Bigger Steps And Opportunities In The Near Future: Dr. Firas Balasmeh, CEO, FB Group

Tell us about your products and their specialties.

We have a wide range of PV Modules from 10Wp to 335Wp in Poly-Crystalline, 385-395Wp in full cell Mono Perc Wp with BIS certification & ALMM approval. Very soon, we are launching 540Wp+ size in Half Cut Mono Perc Cell which is needed in the market today.

Our inline quality checks such as Pre & Post EL, Hipot Testing, and fully automated robotic framing machine ensure defect-free and world-class PV Module to our customers. Today, we have been able to meet the customer’s certification level with our quality product & competitive pricing ethics.

Give us some details about the new product launch of 540 Wp.

In view of the growing demand for the Half Cut Mono Perc Cell module in 540Wp+ Sizes, we have ordered fully automated machines & making it operational by June-2022 end. We can supply the best quality 540Wp+ size modules from our automated setup with all certifications from July-2022. On this new machine, we will be able to produce & supply 600Wp+ size of modules too & that too with required certifications. 

Also Read  GoodWe Can Show The Market That Times Have Changed, The Situation Is Different From 10 Years Ago; Solar Systems Can Meet Grid Parity Or More Economical Solutions: Jell Jiang, Head of GoodWe Southeast & Central Asia

What are some latest technologies that are utilized in your manufacturing process?

Some of the features of our new machines are a) On our new machine, the EL Testing process will be done at String level, and b) Our new machine can handle cells from 182MM to 210MM. c) The new setup is also completely automated to ensure the production of world-class products. d) We can produce Half Cut, Bifacial cells modules on this machine which are going to be the next huge level of demand from the market. On the technology ground, today we are at par with the world standard, and our R&D team is closely monitoring technological advancement in this sector which will be utilized from time to time in our factory too based on market demand.

What are your growth plans for 2022? Any plans of expanding outside India?

In the last financial year 2021-2022, we have touched a sales turnover of INR 100 Crores and in the financial year 2022-23, we are expecting to cross-sales turnover of 200 Crores. We are definitely exploring markets outside India and for the same, we are in process of getting the required international certifications. In export, our focus would be on the Australian, African & middle east markets initially. 

Also Read  HSBC Commits Rs 125 Cr to Green Causes, Energy Transition Projects in India Over Next Five Years

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.