Question-1 Tell us how has the year 2022 ended for Saatvik?
For us, the year 2022 was full of expected possibilities; we ascended to new heights, observing an exponential increase in module sales throughout both domestic and international markets. Notwithstanding certain hurdles, such as fluctuating raw material prices, we successfully fulfilled our pre-booked orders.
Innovation is always a key to success, we continually worked hard on innovative ideas, acquiring the newest technology and implementing it to use in our operations. Saatvik being the fastest-growing module manufacturing brand has always given priority to quality and customer service for which we ensured and amplified new methods in our system.
The year 2022 has been more lucrative, as the Saatvik EPC team has commissioned India’s biggest Rooftop project for a well-known steel manufacturer, and numerous landmark projects are in the pipeline and will be operational in the subsequent months. In addition, Saatvik has secured and shipped export orders for Mono perc and bifacial modules. With these export shipments, Saatvik will create a global presence.
Question-2 what are some products that you have recently launched?
During the REI exhibition, we showcased our new technology Topcon 620 Wp modules which we will soon be launching in the domestic market. All testing and certification procedures are in process and soon the product will be available for the domestic retail market. Apart we have launched DCR modules in Mono Perc and Bifacial up to 590Wp which are ALMM approved as well.
Question-3) Tell us about the USPs of your newly launched products and how has the response been to them so far?
Our products are extremely efficient and give maximum output; solar modules manufactured at our cutting-edge manufacturing facility are subjected to a range of tests to assure the highest quality. Because we have implemented modern MBB (Multi Bus bar-10BB) technology, our module efficiency is up to 21% in any scenario. Superior glass and surface texture provides exceptional performance even in low-light conditions. We have been able to grab a significant portion of the domestic market due to our commitment to quality and timely technological upgrades, and we have seen a phenomenal increase in demand for Saatvik modules throughout the domestic market.
Question-4) what are your goals for this year 2023?
The year 2023 will be even bigger because the market is rapidly shifting towards green energy, resulting in increased demand for solar products. To meet this demand and opportunity, Saatvik will be adding an additional Greenfield project 1.5 GW module manufacturing line, increasing our production capacity from 1.5GW/Annum to 3GW/Annum. Our strategic goal for 2023 is to focus on the international market and book at least 400MW of export orders; also, because the manufacturing line has been doubled internally, we want to acquire at least a 1GW+ order from the domestic market.
Question-5) Anything else you would like our readers to know?
Saatvik is a leading brand in the renewable energy segment and we are moving ahead toward our committed mission. The industry has witnessed ups and downs in the last year, whether it was the price fluctuations in cells price, Government policies, etc. Despite these unpredicted challenges Saatvik has still emerged as the most preferred brand i.e because of the quality of products and services that we deliver.
