In Conversation With Mr. Mudit Garg Director (Operations), Vivaan Solar
Tell us more about the major challenges you have faced in executing your projects and how you overcame those.
The major challenges we face are land acquisition, right of way for transmission lines and several government approvals. We overcome these challenges by very strong liasoning and on-ground team, vastly experienced and dedicated to resolve local issues.
How do you see the off-grid market growing in India over the next 5 years?
Off grid market has huge growth potential especially in remote villages, hills, and farms which are still not directly connected to National grid. With solar energy prices are becoming more affordable along with awareness, this should grow by 15-20% yoy for next 5 yrs considering low base.
What are the major policy bottlenecks that you think are stagnating the industry today and how should government address them?
Major policy bottlenecks that are stagnating the industry are:
> Need of standard rooftop policies across India
> Investor needs more comfort with stability of policies as solar is long term investment and introduction of new charges is killing industry.
Given the tough competition, how cost competitive is the market, in India and globally?
The solar space has become very competitive with many big investors turned up in small time duration.
Current Indian solar tariffs are bit hard to justify given the instability in currency and introduction of taxes like GST and import duty from govt.
We feel over the time extra exuberance of industry will subside and tariffs will return to more realistic levels.
Financing is still a major issue in the sector. How difficult is raising finance for solar projects?
Though Financing is always a major challenge while executing a project in India . But we should acknowledge that raising debt for government backed PPA is not that tough in recent times.
What are the challenges in maintaining operational solar projects?
When we talk about solar parks. It varies with location.
> Water availability
> Grid availability, quality and stability.
What are the biggest threats and opportunities for the Indian industry and how do you wish to address them?
The biggest threat in Indian solar industry is policy stability. Opportunities lies in decentralized space, battery backed plants. We strongly feel that future will be powered by solar energy. With the ongoing innovations in battery, solar power can be supplied throughout 24 hrs of the day with stable output in near future. This can help our grids in scheduling power and reducing their dependencies on conventional energy.
Read This Interview In The E-Magazine Below: