The renewable energy industry, specifically the solar PV industry, is growing fast, and innovation has contributed to cost reduction and risk mitigation.
Powered by Sungrow India, EQ Magazine presented a webinar focusing on risk mitigation and bankability in renewable energy projects on August 13, 2021.
The speakers shared their insights on risk mitigation, bankability, innovation and discussed related opportunities and challenges.
Charu Kaistha, Senior General Manager, Power Finance Corporation Limited, took part in the webinar as the Keynote Speaker. “The risk management is essentially a partnership between the borrower, lender and various agencies that are helping the project to be successful,” she said. Renewable Energy projects have a better risk profile, especially in comparison with other types of power projects.
Harendra Kumar Tomar, Leader- Business Development, Sungrow India Pvt Ltd discussed the various technical aspects that boost the bankability of the project from inverter and supplier perspective. “Technological innovation can be named as the principal driver of the solar industry development.” Further he highlighted the changes in the inverter segment in recent past.
“Once a developer is ready for development of the project, the risk associated with the EPC and supplier comes in the picture,” he added. Presenting views from the side of the supplier, he highlighted the points considered by the developer and the lender while selecting the product.
The product selection is based on the core business of the company, how the company is innovating for a particular product, the performance in recent month, investment for manufacturing, customer services provided by the company, financial health of the company, etc. “During the last 1.5 years, the time of the pandemic, if the company can sustain or achieve growth it means that company has good potential and bankability portfolio.” He emphasized on the point that quality comes with price.
