EQ In Exclusive Conversation With Mr. Vipin Bhardwaj, Country Manager – India – SolaX Power Network Technology (Zhejiang) Co., Ltd.
Q1.What kind of market do you anticipate in 2023 in terms of Utility / C&I / Residential ?
Vipin Bhardwaj : In 2023, we anticipate a dynamic and evolving market in the renewable energy sector in India, characterized by growth across various segments. Here’s a breakdown of our expectations:
Utility-Scale Market: We anticipate continued growth in the utility-scale solar market. Government initiatives and policies promoting renewable energy adoption, coupled with falling solar panel costs, are likely to drive large-scale solar projects. Utility-scale installations will continue to play a significant role in meeting India’s renewable energy targets. We are also inline to growth plan of India Utility market by our Upcoming Launching of Utility Inverter in 1500V.
Commercial & Industrial (C&I) Market: The C&I segment is expected to experience substantial growth in 2023. Many businesses and industries recognize the economic and environmental benefits of adopting solar solutions. We Solax keep on delivering the preferredour C&I Scale inverter till 125 KW High standard features and with advancements in technology with, we anticipate increased adoption of solar energy among commercial and industrial consumers looking to reduce their energy costs and environmental impact.
Residential Market: The residential solar market is poised for significant expansion in 2023. Increasing awareness of solar energy’s benefits, coupled with government incentives and net metering policies, will drive more homeowners to invest in solar installations. The launch of innovative residential solar products, like our X1-BOOST G4 and X1-MINI G4 inverters, will contribute to the growth of this segment.
In summary, 2023 is expected to see growth across all segments of the renewable energy market in India, with utility-scale, C&I, and residential sectors all contributing to the country’s renewable energy goals. This diverse market landscape offers opportunities for stakeholders across the industry, including SolaX Power, to provide tailored solutions that meet the unique needs of each segment.
Q2. SolaX Power has a reputation for technological advancements. Can you elaborate on any recent technological updates or breakthroughs that have been integrated into your solar inverter solutions?
Vipin Bhardwaj : We Solax brings technological advancements include the integration of Smart Feature i.e. IV curve Scanning, Higher Current (16 A) Per Sting and capabilities into our inverters to integrate with High Fluctuation in Grid. This groundbreaking feature enhances Safety, grid stability during voltage fluctuations, contributing to grid reliability and renewable energy integration. Additionally, our products now incorporate AI-based predictive maintenance, reducing system downtime, and ensuring long-term reliability for solar systems. These innovations underscore our commitment to cutting-edge technology in the solar inverter sector.
Q3.Could you provide some insights into Solax current market presence and any upcoming plans for expansion in the India Market ?
Vipin Bhardwaj : SolaX Power is committed to expanding its presence in the Indian market. Currently, we have a strong foothold with a Multiple PAN -India Distributors, Regional Service warehouses and Local Sales and Service team in India, and we are actively working to further strengthen our network of partners and service centres. Our upcoming plans include introducing new products, enhancing customer support, and collaborating with local stakeholders to promote sustainable energy solutions across India. We are dedicated to contributing to India’s renewable energy goals and providing innovative solar and energy storage solutions to Indian consumers.
Q4. What are the SOLAX’ s product launch plans for this year?
Vipin Bhardwaj : In 2023, SolaX Power already brings new and high demanded renewable energy solutions in India. Our recent product launches, including the Mini and Boost G4 inverters and Hybrid inverters in 48V, have already set higher standards for efficiency and reliability in residential solar installations. But we’re not stopping there. Anticipating the needs of businesses and industries, we’re gearing up to unveil our Commercial Series of Hybrid inverters, promising efficient and sustainable power management solutions. Furthermore, our forthcoming release of Low Voltage Stackable Li-ion batteries in 2023 is poised to revolutionize energy storage, offering unprecedented scalability and efficiency for both individuals and businesses. With these launches, SolaX Power reaffirms its commitment to providing innovative, eco-friendly energy solutions, empowering India to embrace a greener and more sustainable future.