In Exclusive Talk With Mr. D.V. Manjunatha

EQ: How much modules have you supplied in India till now, what is the target/expectation in 2017-18?

DVM: Emmvee supplied 500MW till date and in financial year 2017-2018 target 350MW.

EQ: Please describe in brief about your company and objective

DVM: EMMVEE is the market leader in solar industry with global presence. From the time of its inception in 1992, the company has always been pioneer in the solar sector, consistently setting new trends with its comprehensive system solutions. Emmvee, manufacturer of photovoltaic modules and solar water heating systems with 2 specialized manufacturing facilities and employs over 650 people. Emmvee is headquartered in Bengaluru.

Our objective is to become the global leader in manufacturing highly qualitative, innovative and cost-effective solar water heating systems as well as solar photovoltaic modules and systems that will provide clean, reliable energy sources around the world.

EQ: Present some noteworthy projects, case studies of solar plants built using your solar modules.

DVM: •  We have installed the world’s most advanced cell stringer machine and multi-stack laminator, beside other sophisticated machine in our facility.

• Emmvee commissioned 1MW Roof–top solar power plant at its solar water heater manufacturing facility

in Dabaspet, Karnataka, India, has a production area of 25,000 Sq. mtrs.

• Emmvee is also a successful bidder for developing 3 power projects of total capacity of 40 MW in Karnataka. These projects are being developed at the cost of around 280crores.
• Emmvee’s Joint Venture with Dr. Reddy’s Lab, Hyderabad for the supply of solar power for their facilities for next

25 years. The capacity of solar power plant is 15 MW.

• We own and operate 14WW power plant in Germany.
• We have worked closely with prestigious clients like Sun Edison, BHEL, NTPC, Dr.Reddy’s Laboratory etc….

EQ: What is the size of your company in terms of manufacturing capacities, growth chart, future expansion plans, revenues, shipments, ASP’s, financial figures

DVM: Emmvee, manufacturer of photovoltaic modules and solar water heating systems with 2 specialized manufacturing facilities in Bengaluru.

Emmvee is committed to meet our existing and prospective customers emerging needs in the field of solar Technology. Anticipating the needs of our Customers/Clients, the state-of- the-art fully automated manufacturing facility is situated in Bengaluru. Emmvee wants to play a very dominant role in solar PV scene of India. Emmvee has at present 0.5 GW per year solar module manufacturing capacity and has plans to expand as per the market development and needs in future. It produces high quality photovoltaic modules using the latest and best machines; have a unique modular system offering higher productivity with optimized processes.

EQ:  Kindly enlighten  our readers on the performance of your modules in India in various geographic locations, customer feedback

DVM: In India too, the  company has successfully completed power projects aggregating to a total capacity of 100MW as on date, which also includes roof top  projects. Many reputed developers like BHEL, Tata Power, NTPC, Amplus, IC India and many  more  have used the  modules produced by Emmvee in their  projects and  are extremely satisfied with  the products. The company is also  in the  forefront in using  Green  power to meet the  electricity needs of its manufacturing facility. It has  its own

1MW power plant  installed on the  roof of its manufacturing facility.Emmvee also  very  active in EPC space of large  solar  photovoltaic based power projects. The company has  a great deal  of experience in developing and commission many  power projects in Europe.

The company owns and operates 4 power plants in Germany. So far the  modules that have been sold in Europe  have shown remarkable performance and  until now  we  have not  had  any  claims  from  our customers in Europe. In fact  many  customers reported a very  good  energy yield and  performance; they  are very  much satisfied with  our modules.

EQ:  Solar Trade Wars : What are the benefits to Indian manufacturers

DVM: The Solar  trade war  has  no positive benefit to the  domestic solar  manufacturers. The trade war  has  induced fierce competition among the  manufacturers and  in order  to secure orders many  manufacturers are  resorting to cut  corners in Quality of the  module’s, which will definitely result in large  scale failure

of modules in field within a short time. This situation in not  a pleasant are  as  the  power plants will not  be able  to generate the desired Electrical energy.

EQ: What’s your commitment towards the solar sector in India?

DVM: Emmvee thrive towards qualitative and quantitative optimization in providing customers with Sustainable Wide Ranging Solar Power Solutions.

We believe in quality and our infrastructure, specialist staff and engineers, and state-of-the-art process make sure we achieve optimum production quality and well satisfied customer .We are committed to offer highly reliable product and solar power solution.

EQ: What are the top 5 markets for your company in the past, present and future?

DVM: India, Germany & Middle East countries

EQ: The recent aggressive bidding by various developers keeping Solar Tariffs in the price range of Rs.2.44-3.3 per kWh in various Solar Tenders…What’s your view on the viability, Costs & timeline pressures, Resource Challenges (Materials, ManPower, Execution, Grid Connection, Land Possession) etc…

DVM: The recent price bid is definitely very challenging to achieve. The prices of the solar cells and modules are already showing upward trend and

we foresee that the prices of cells will continue to grow further due to the strong demand in China and other Countries. This could put lot of pressure on the developers who have bid at such prices.

EQ: As a manufacturer, kindly share your plans to foray as developer or equity investor in solar pv power projects.

DVM: At Emmvee we would like to focus more into module production.