S olar energy has become the leading source of renewable energy in India in terms of new photovoltaic plant installations with government driving an ambitious 100GW target. Solar tariffs have been dropping over the last three years with each successive tender. This dramatic fall in solar tariffs has come from economies of scale in procurement of solar modules, inverters and in manufacturing of mounting structures and reduction in cost of financing with global investors investing low cost funds into these projects.
Companies are now beginning to look at innovative means to increase the energy yield of their solar installations to generate better returns from their projects and prepare themselves for further drop in prices in next round of bidding as the economies of scale taper off. The viability of solar PV sector is now going to be driven by innovation.
RelyOn Solar, one of the pioneers in the innovation race, has continually strived to compete in the market by bringing new products like solar DG grid controllers, off grid inverters and DC pumps.
The company has recently announced the grand launch of its Single Axis Tracker at a mega event held in Gurgaon. Single Axis Tracker is a completely indigenous state of art single axis tracker solution developed specifically for Indian conditions. It is a robust, maintenance free system, which is easy to install in most geographical terrains across the country with minimal ground preparation.
According to the company, the new product is targeted at major Independent Power Producers (IPPs), project developers and EPC installers for the large utility scale projects. “So far most of the components of large PV plants are imported into India and this indigenous tracker by RelyOn Solar is a bold statement from a small company and we can compete with the biggest and best,” the company states.
The product launch event was chaired by Deepak Amitabh, CMD of PTC India. At the launch Dr Gundu Sabde, MD of RelyOn Solar promised that this tracker will be a disruptive innovation for the solar utility market. Mr Amitabh congratulated RelyOn Solar on their “Make in India” spirit and the ability to bringing world-class solar equipment to market.
For more details, visit www.RelyOnSolar.com