Waaree brings the power of world-class technology

“Waaree is currently present in the value chain from module manufacturing to being an independent power producer,” says Hitesh Doshi, CMD, Waaree Group
 Waaree Group has the largest module manufacturing capacity of 250 MW in India. The company provides one of the core components of solar power. In an exclusive interview with EPR, Hitesh Doshi discusses about policies and trends that can push solar generation.
Govt intiativesAddressing gap in power supply and demandMany steps are being taken by power ministry to address the gap in power supply and demand in India — increasing the installation goal to 100 GW by 2022, announcement to set up ultra-mega solar plants and development of solar parks. The ministry is on track to release fresh bids for procuring 3,000 MW of solar power which would be pooled with grid power. Furthermore, CERC in its circular has revised the REC prices, and MNRE has almost withdrawn the subsidy programme for roof top installations which is a step in right direction. Both these measures are going to push solar generation.
Waaree in solar powerWaaree is currently present in the value chain from module manufacturing to being an independent power producer. With the largest module manufacturing capacity of 250 MW in India, Waaree provides one of the core components of solar power. It also plays the role of a knowledge partner by helping investors identify projects under various schemes. Waaree helps them with bidding for those projects. It has been in solar business from 2007 and a good understanding of how projects are to be bid which makes financial sense. The company shares this knowledge when it gets into pre-bid alliance.
Mission ‘100 smart cities’This is a very forward looking initiative to develop cities and help usher in growth and increase employment opportunities. Smart cities will intelligently use resources and should focus on solar energy as an option. Waaree is creating cities right from scratch so the company has a chance to do it right. Solar is non-polluting and modular. These two features make it a right fit for smart cities. Waaree will look at partnership with smart developers and provide solutions which are customised for these smart cities.
Technological advancementWaaree is always on lookout for cutting-edge products and new developments. A lot of research and development is happening outside India. Rather than inventing the wheel again, Waaree tries to get those technologies here by technical collaboration. The company had recently tied up with GTAT for its Merlin module technology which would help increase the efficiency and more robust modules. Waaree has also tied up with IIT Mumbai. Its in-house R&D and engineering team work on innovation in system designs to increase the yield and reliability.
Achieving energy from renewable sourcesWith the integration of coal, power and renewable energy under him, Power Minister Piyush Goyal has been able to take some quick decisions. In India, the ministry has to fix two areas: power generation and distribution infrastructure. The industry has already seen bidding of 2 GW of solar projects in India. Then there are the 25 UMPPs which have been announced last year and the nation has a target of 100 GW of solar power by 2022. In order to ensure 24/7 power supply, an investment of Rs. 3 lakh crore to develop power transmission lines across the country has been announced. Net metering is being implemented in various states which will give a definite boost to the rooftop solar segment.

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