In Conversation with Mr. Vineet Mittal, Director, Navitas Solar
1) Let’s begin with a glimpse of your company’s presence and offerings in India?
Navitas Solar has presence across nation with warehouses and offices located strategically to maintain supply chain and offering our customers a swift and timely delivery of solar panels making it a hassle free experience. We also offer EPC services for turnkey delivery of Solar Power projects under both CAPEX and RESCO model leveraging in-house manufacturing of major components used such as solar panels, inverters, transformers and module mounting structure through group companies and partnerships established.
2) What have been some of the recent developments at your organisation?
We have expanded our state of the art module manufacturing facility to 200 MW p.a. capacity from existing 75 MW p.a., making us one of the biggest manufacturers of high quality solar PV panels. We have taken steps to ensure quality and reliability of modules manufactured at our facility by installing latest technology testing apparatus such as Pressure Cooker Test Chamber for testing quality of back sheets, Climate Chamber for Damp Heat, Thermal Cycling and Humidity Freeze tests and UV Chamber for UV Pre-Conditioning test. We continuously evaluate available and upcoming technologies which enhance the manufacturing process and implement at our facility as it is the most important factor along with quality of raw material behind performance of the solar PV panels.
3) Tell us a bit about the recent technology advancements in your sector?
There has been a development in technology for increase of efficiency of cell and PERC is leading this development. These cells have an additional dielectric layer at the rear of the cell and it reflects unabsorbed light back to the cell thereby increasing the absorption of photons and in turn increasing efficiency of cell. There has also been development in Building Integrated Photo Voltaic (BIPV) modules which can be used instead of normal glass in buildings and produce electricity along with aesthetic development of the building.
We offer products using both of these technologies and have our R&D team working on developing products utilising latest technologies namely 1500 V solar PV panels which is an upcoming trend worldwide.
4) What are your growth plans for the Indian market? What are the milestones you wish to achieve by the end of this fiscal?
We have been able to achieve turnover of 20 Million USD in 2 years and keeping in mind the potential of growth of solar sector in India and GOI’s ambitious target of 100 GW by 2022 especially 40 GW of rooftop solar from the total, we have expanded our manufacturing facility to 200 MW p.a. and plan to expand it to 500 MW p.a. by next year. In our opinion, solar sector is going to witness exponential growth and we have planned our growth to match the sector growth. By end of this fiscal, we are looking to cross turnover of 50 Million USD and build on the positive momentum.
5) 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 have seen steady growth in demand of our products and services. Building on the growth, we have diversified in the field of investing in rooftop solar projects under RESCO model. Majority of our demand comes from commercial and industrial sector and we expect residential sector to pick up in near future when returns from commercial projects would become more visible and their viability established. It is our priority to add agricultural and rural sectors as a major proportion of our demand growth and we are working to establish partnerships with relevant stakeholders.
6) Anything else you would like to add for our readers.
We’d like to cordially invite readers of SolarQuarter to visit our recently expanded facility and take a look at our testing and manufacturing infrastructure of our fully automatic manufacturing facility.