Energetica India Magazine - September 2022

EDITORIAL Dear Energetica India Readers, We welcome you to the REI special September 2022 edition of Energetica India. The Indian renewable energy industry is re- covering slowly from the adverse impacts of the coronavirus. Amidst continued rate hikes by the US Fed to contain soaring inflation, fears of a global economic slowdown are looming again in the industry as it may result in more Rupee de- preciation. Continued Rupee devaluation could increase the prices of raw materials for domestic solar manufacturers, which could result in high - er module prices along with a slowdown in the economic activity in the industry that is already under pressure. Meanwhile, for the current edition, Energetica India has met up with the following industry leaders to get more insights into the industry trends: - Mr. Avinash Hiranandani, Global CEO and Managing Director, RenewSys - Mr. Sudheer Perla, Country Manager, Ta- breed India - Mr. Rahul Bhutiani, Head - Sales & Market- ing, Adani Solar - Mr. Malcolm Wrigley, COO, Apraava Energy - Mr. Indraneel Dhaneshwar, Regional Divi- sion President, Large Motors & Generators, ABB India, MEA & LatAm - Mr. Vikas Jain, Managing Director, Insola- tion Energy Ltd - Mr. Idris Khan, Chief Technology Officer, Ginlong Solis Technologies - Mr. Shantanu Sirsath, Technical Head India, Growatt - Mr. Deepak Pandey, Director, Invergy - Mr. Gyanesh Chaudhary, Vice Chairman & Managing Director, Vikram Solar India Start-up Story: The start-up section showcases interesting ventures in the field of renewable energy, battery storage technolo- gies, energy efficiency & conservation, electric vehicles, and sustainable technologies. In this edition, we covered Insolation Energy - a Jai- pur-based high-efficiency solar module manu - facturer, which is planning to launch its IPO soon on the BSE SME platform to raise about Rs 22 crore. The company reported revenues of Rs 215.32 crore and a net profit of Rs 6.92 crore for FY22. Featured Company: EKI Energy Services Ltd (EKI), popularly known as EnKing Interna- tional in the climate sector globally, is a leader in the world of carbon credits. The company has completed 14 years of its inception this year with a greater journey ahead for newer milestones. EKI is now a global climate expert with global market leadership and expertise. Some interesting and informative articles in this edition include: 1. Long-distance wake losses could cause ener- gy deficits to offshore wind mega-projects at a scale “much greater than expected” by Mark Stoelinga, PhD - Lead, Atmospheric Science Innovation and Applications, ArcVera Renew- ables Using validated, high-fidelity long-range wake loss modeling, ArcVera Renewables found in their new study that commonly used engineering wake models vastly underpredict energy losses due to external wakes. ArcVera calls for further critical research into long-distance wake losses of offshore wind plants. 2. India Should Aim for a Truly Green Taxon - omy to Gain Global Investor Buy-In by Chris- tina Ng, Research & Stakeholder Engagement Leader, Debt Markets, IEEFA; and Shantanu Srivastava, Energy Finance Analyst, IEEFA A green or sustainable finance taxonomy, if de - signed properly, helps communicate to investors which assets require financing for India to meet the Paris Agreement climate goals. We hope you enjoy reading our work. Please feel free to write to us at manu@energetica-india.net with your feedback. We are always open to speak to our readers and learn how we can support them in their business growth. 04 energetica INDIA- September_2022