Energetica India Magazine - September 2022

Q Kindly tell Energetica India read- ers in brief about Adani Solar’s journey. Rahul Bhutiani: In 2017, Adani Solar became the first company in the world to start a Greenfield Project of GW scale at Mundra, with its platinum-rat- ed manufacturing facility of 1.2 GW of Solar PV cells and Modules. This setup was enhanced to 1.5 GW in 2019. This facility has been successfully catering primarily to the domestic markets – residential rooftop projects, ground- based IPP projects, solar parks, and even the agricultural solar pump proj- ects under the KUSUM scheme. Adani Solar has been a consistent performer not only in terms of volumes in man- ufacturing but also in terms of market share – consistently being the largest and the most prominent Indian player against the onslaught of Chinese man- ufacturers. Adani Solar prides itself in having cre- ated a very robust retail distribution network across all states of India that ensures Adani Solar Modules reach ev- ery nook and corner. We pride ourselves in holding a 50% market share in resi- dential retail and KUSUM markets. In 2022, Adani Solar expanded its ca- pacity by adding a 2 GW line. With this capacity addition, Adani Solar has brought to India the state-of-the-art, contemporary MonoPERC technology that is capable of delivering high-effi- ciency modules thereby making solar projects more viable. With these, mod- ules Adani Solar is now serving the do- T he backward integration at Adani solar will start with 2GW Ingot, 2GWWafer along with cumulative 4GW cell and 4GW module by January 2024. And by January 2026, we look forward to becoming a 10GW fully integrated solar PV manu- facturer from Polysilicon to Module. To support this massive upscaling and integration, we shall also develop a comprehensive ecosystem of ancillary units like Glass, EVA, Backsheet, etc. to reduce our import dependency and ensure a seamless supply of all the key raw materials, says Rahul Bhutiani , Head - Sales & Marketing, Adani Solar, in an exclusive interaction with Manu Tayal , Associate Editor, Energetica India. Mr. Bhutiani also discussed about his company’s growth journey, business strategy, challenges faced by the domestic manufacturers, etc. Here’re the edited excerpts from that interaction: 22 energetica INDIA- September_2022 INTERVIEW Head - Sales & Marketing, Adani Solar RAHUL BHUTIANI