Energy efficiency technologies continue to develop as businesses adjust to the growing need to utilize cost-effective and sustainable energy solutions in the face of growing concerns to reduce carbon emissions and address climate change & compliances. As more businesses adopt energy-efficient processes in their business operations, the transition to clean energy has provided a means to do so. One such option is use of solar energy, which has become more prevalent and being increasingly adopted by many commercial & industrial establishments. New trends in the solar power industry's technology provide higher energy-efficiency solutions for wider adoption across varied locations.
As technology continues to evolve and increase in popularity, so do the benefits it provides in saving costs and clean energy use. The future of the solar power industry will propel the use of clean energy for many establishments and include residential properties. The growing trends of solar energy technology yield more insight into how this technology can help your business stay competitive in future years, meet renewable energy obligations and participate in the sustainable environment movement. Our PM, Shri. Narendra Modi has set an aggressive target of 175 GW of renewable energy by 2022, with solar power installations expected to reach 100 GW, including rooftop segment target at 40 GW. By the end of March 2020, India had achieved approx. 37 GW of solar generation with rooftop solar at just over 10 percent at 4.60 GW. However, the solar industry remains optimistic and expects rapid scaling up of solar power projects despite headwinds due to Covid19 and associated economic and supply chain disruptions.
Mumbai based NewEnergie Renewables (formerly Visa Powertech Pvt Ltd), established since 2005, has core competencies in the field of energy quality & efficiency, and home automation services. With the foray into renewable solar energy business since 2011, the company has established its strengths in design & engineering, and providing turnkey EPC solutions. The firm has implemented over 250MW of solar power projects with ~50MW capacity projects under development in different stages. Originally incorporated as a manufacturing establishment, the company focussed on developing & offering energy efficiency products & services, addressing industrial markets primarily in west & north, and later south," stated Satinder Aggarwal, Founder & MD, NewEnergie Renewables.
Top-Notch Facilities in Solar EPC Services
NewEnergie has the capability to offer all services under a single window, technology agnostic approach, and dependable & guaranteed performance on every project, & timely delivery, irrespective of scale. Since inception, the company developed an integrated operation with in-house design & engineering, execution & commissioning, along with operations & maintenance capabilities that can adapt to any challenge that is typical in solar project developments. These facilities differentiate the company and give an edge to implement any project at any site with minimal risks. Combine these strengths with timely delivery, high quality, and guaranteed performance; and NewEnergie offers a risk mitigated investment opportunity to the developer community.
"Our services in the reactive power compensation systems and harmonic filter & suppression systems have released capacities of thousands of
MVA from the power distribution networks and contributed towards sustainable eco-friendly systems", added Satinder Aggarwal.
With all of the above services and expertise, the company provides total solutions in the field of energy and home automation. NewEnergie’s satisfied clientele practically cover the entire spectrum of industrial diversity and energy consumption.
Evolving Solar EPC Market in India
There have been several technological developments in the solar industry, particularly in PV module efficiencies, delivering long-term dependability from lower degradation, assisting improved plant designs & engineering, etc., resulting in lower project costs and higher performance standards. For ex, the development of Mono-PERC technology and progress towards higher capacity bi-facial modules have brought the focus back on module tracking systems, which results in higher generation at economic scales. While MW scale solar energy projects face challenges in land acquisition, financial or economic feasibility, timely financial closure, etc., as an EPC Contractor, NewEnergie has customarily delivered in very tight timelines with high quality and performance standards.
Moreover, the company has positioned itself as a niche engineering company. They offer solar energy plants from KW scale to large MW scale projects with a one-stop-shop from project feasibility studies, land acquisition, providing turnkey delivery of the projects, the operation and maintenance services, coordination of approvals & commissioning, all under guaranteed performance standards. To cater to the tracker demand, the company has tied up with a well-established European company to supply its proprietary & proven high-performance tracker systems.
Our services in the reactive power compensation systems and harmonic filter & suppression systems have released capacities of thousands of MVA from the power distribution networks and contributed towards sustainable eco-friendly systems
Furthermore, other significant solar business expectations can be summed up in three aspects – short delivery periods, competitive costing, and performance guarantees. This is obvious because the solar energy tariffs touch new lows in every bidding round. NewEnergie meets customer expectations with an innovative and organized approach, using the latest technologies and standardization of equipment sourcing despite the challenges of customized design & engineering that each project warrants. The challenge is to remain sharp in a highly demanding & competitive business and ever-changing ground realities.
Achievements Attained Since Inception
With maturity and announcements of solar policy in 2009-10, the company decided to develop an independent division dedicated to offering turnkey EPC solutions to the solar industry. Commencing with their first turnkey project at 21 MW in Maharashtra, NewEnergie is slated to achieve ~50 MW this fiscal, to include developments outside India. The company has ~250 MW of solar generating plants in the ground-mounted and rooftop segment with varied capacities from 10 KWp to 98000 KWp. The power evacuation systems have been designed and successfully implemented from 415V to 132,000V Systems. The company successfully implemented the concept of solar parks with the commissioning of its 70,000 KWp solar park at Satara, Maharashtra in 2016/17
Keeping a low profile, and being selective on their projects from a profitability angle, has paid off well, in remaining a debt free business and a supportive team that has stayed through challenging times. Further, NewEnergie plans to expand their presence, both domestically & internationally, given the increased faith of past client developers from their repeat business, by maintaining their competitive strengths as the technical partner. As a preliminary roadmap recently outlined, management envisions servicing an installation base of 1000 MW over the next five years. This would require sharper capabilities and redefining work processes to build faster and build better, with more training and updated technologies and supply chain relationships. Besides, "As an engineering firm, we are concerned about climate change, and remain committed to build awareness of the need to transition to clean energy - offering our technical support & turnkey/EPC solutions to interested participants in the build out to saving the environment & future generations", concluded Satinder Aggarwal.
Envisioning the Future
“To be known as a company that has provided dependable products, services, and solutions & has proven itself over an extended period. NewEnergie's single-minded efforts should be towards creating a better world for themselves and others by using their strengths towards better values and life.”
“Through clean & sustainable renewable energy, engineering solutions for energy distribution & efficient use of energy & energy quality, the company would continue to create values for every individual with commitment towards sincere and honest efforts to build up efficient teamwork to provide effective solutions.”