Energetica India Magazine - September 2022

Q Shed some light on RenewSys’ consistent growth journey. Avinash Hiranandani: RenewSys is the first integrated manufacturer of solar PV modules and its key components - Encapsulants, Backsheets, and solar PV Cells. We started out with our PV Encapsulants and Backsheets business by bringing several years of expertise and leadership in specialized polymer formulation and manufacturing to a nascent PV Industry. We then added the manufacturing of PV modules and PV cells to our solar business. We have been in this industry for a decade now and have pio- neered several developments. A few of the firsts that we have to our credit include a proven UL certified POE, 500+ Wp Glass - Transparent Backsheet bi-facial PV module, India’s only Backsheet patent, etc. These trailblazing innovations are a testament to our commitment to R&D and an innova- tion-led culture. Our focus continues to be on making the best-in-class PV prod- ucts available for a greener tomorrow. To this end, we have also invested significantly to ensure that our manufacturing facilities are ultra-modern, automated, world-class hubs. In fact, a large number of our products have been adapted and adopted by the Indian PV industry to keep them abreast of international standards. W e are already expanding our Encapsulants business from the current 3 GW to 11 GW. Our PV Backsheet capacity will be going up from 4 GW to 5 GW. On the PV Modules front, we will be expanding our module manufacturing capacity from 1.75 GW to 4 GW. Besides, we also intend to expand our PV cell line capacity from 100 MW to 2 GW. For this, we are currently considering various technologies, disclosed Avinash Hiranandani , Global CEO and Managing Director, RenewSys, in an exclusive interaction with Manu Tayal , Associate Editor, Energetica India. Mr. Hiranandani also discussed about his company’s growth journey, various industry-first innovations, the company’s testing labs, challenges faced by the domestic solar manufacturers, etc. Here’re the edited excerpts from that interaction: 34 energetica INDIA- September_2022 INTERVIEW Global CEO and Managing Director, RenewSys AVINASH HIRANANDANI