Saatvik is the Leading Brand Engaged in the Manufacturing and Supply of High-quality Solar PV Modules Used in Rooftop, Utility and Floating Applications: Prashant Mathur, CEO, Saatvik Green Energy

Prashant Mathur, CEO, Saatvik Green Energy

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SolarQuarter India magazine had the chance to interview Prashant Mathur, CEO, Saatvik Green Energy wherein he shared insights about their products and module pricing trends. He spoke about the advanced technologies incorporated in their modules, their performance highlights and the target for 2022 as well.


Please give us some insights into your products and their highlights?


Saatvik is the leading brand engaged in the manufacturing and supply of high-quality Solar PV modules used in rooftop, utility and floating applications. Currently, with our innovative product portfolio, we offer Half Cut Mono Perc & Bifacial half-cut Modules up to 545Wp integrated with the latest and most advanced international technology.

The company is speeding up in using Topcon cells technology and several talks are already initiated to implement this technology into operations. Saatvik modules are certified and approved by leading testing organizations such as IEC, ISO BIS, and ALMM for sales and supply.

The company has recently acclaimed a UL certificate for selling Solar PV modules in International markets. Saatvik modules are being manufactured at state of the art manufacturing facility unit inbuilt with advanced technology and come with features such as High Module conversion efficiency, which Provides positive tolerance to ensure power output. Our modules provide excellent performance even during weak sunlight and undergo various testing criteria for outstanding performance during harsh weather conditions. Saatvik has recently revised its production output to 1 GW by adding additional production lines that are designed as per international standard protocols. Further by the end of this financial year, Saatvik aims to add an additional production unit in Gandhidham Gujarat to raise production capacity up to 2.5 GW/ Annum.

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How do you see the solar module pricing trends emerging in the near future?

As the dollar price is fluctuating globally manufacturing opportunities for Solar PV modules and cells in India are going to pace up the speed. Imports of raw materials have also witnessed massive up-downs in recent times due to numerous reasons and factors. With these ongoing global fluctuations, the prices of polysilicon and other raw material in the solar industry have increased to an extent thus providing a direct impact on the final finished solar modules. With the introduction of high-performance technology and made-in-India cells we expect that there could be a possibility that prices may decrease in coming times as several imposed taxations will be exempted and module manufacturers to have an indirect benefit in terms.

How many modules have you supplied in India till now? What is the target for 2022?

Since the date of incorporation, Saatvik Solar has supplied more than 1GW+ of solar modules to various developers & EPC out of which 20% has been sold out to retail customers for rooftop and C&I applications.

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Seeing the ongoing growth company aims to sell 750+ MW of solar modules across in the financial year 2023 across the domestic market. As the company also forays its expansion in international markets and EPC segment with all strategies in the pipeline we expect an average of 200+MW of Solar modules supply in the international market and through EPC offerings.

How has the performance of your modules in India considering the varied geographical aspects?

Among module manufacturers, Saatvik has always been given preference for modules supply to several projects across geographical locations because of the quality and performance that our modules have delivered. Saatvik is committed to offering high-quality solar modules and supplying world-class techno products integrated with the latest and advanced technology providing unmatched performance even in harsh weather and even in extreme winds and snow conditions. Our products undergo a series of tests prior to ensure that the best products reach the consumer.

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Which are the advanced technologies that have been adopted in your products?

At present Saatvik is working with M-10 technology which soon upgraded to G-12 & Topcon as the market demands new technology and cell wafer, all the ground research work and approvals are already lined up, and Testing in the plant in terms of technical know-how is underway and soon the company forays to launch this technology in Indian and Global market providing improved and better quality products for end consumers.

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