Energetica India Magazine: september 2020

EDITORIAL Dear Energetica India Readers, We welcome you to September 2020 edition of Energetica India. As a further boost for the solar indus- try in India, 50% of fuel stations owned by public sector oil companies aim to be operated by solar power within five years under the government’s green en - ergy drive. India’s three state-backed fuel retailers Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum, operate about 63,150 fuel station across the country, a big potential for India’s green army. The West Bengal cabinet has recently approved what can be India’s biggest floating solar plant, a 5MW grid-connect - ed floating solar project at Sagardighi Thermal Power Project. The highest floating solar project in the country now is a 4MW at Chittur. This surely seems like exciting time for the Indian solar in - dustry. On the other hand, the latest report from Praxis Global Alliance forecasts that contribution of thermal power in India till reduce from current 63% to 50% by FY22 and to almost 43% by FY27. The new power capacity in India has largely been driven by renewable energy ca - pacity additions. Meanwhile, for the current edition, Ener - getica India has met up with the follow- ing industry leaders to get more insights into the industry trends: 1. Mr. KN Sreevatsa, Country Managing Director, FIMER (India) 2. Mr. Jaideep Mukherji, CEO, Smart Power India 3. Dr. Rahul Walawalkar, President, India Energy Storage Alliance (IESA) Some interesting and informative articles in this edition include: 1. How to obtain the extra energy gain promised by bifacial technology? by Javier Tamayo, Design Engineer, STI Norland For the solar recycling industry to grow sustainably, it will ultimately need sup- portive policies and regulations. The EU model of having producers finance the take-back and recycling of solar panels might be a good one to emulate. 2. Financing Trends in Rooftop Com- mercial & Industrial (C&I) Segment a joint report of JMK Research & Analytics and IEEFA The market growth seen in the C&I seg - ment so far is largely driven by a few entities such as large creditworthy orga- nizations. Because financial institutions prefer borrowers with a strong financial track-record and credit ratings of BBB+, loans and other financial services are largely provided to a few elite consum - ers. 3. Significance of Good O&M of Solar PV Power Plants by Pranav Mahesh - wari, Co-Founder and Head of Technolo- gy, PV Diagnostics and Sudarshan Bho- sle, Lead Analyst - Backend Analysis team, PV Diagnostics The challenging part of O&M is not the Operations and Maintenance but is the ability to reflect the specialties of each system, topologies, installation sites, and country requirements. 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. 4 energetica INDIA- September_2020 Flat 04, 2nd Floor Picasso Terrace Kedari Nagar, Opposite AYE fi nance Wanowrie, Pune, Maharashtra 411040 SPAIN C/ Pollensa 2, Edi fi cio Artemisa - O fi cina 12 28290 Las Rozas (Madrid) Spain Tel +34 916 308 591 I Fax +34 916 308 595 Director India Business Development Global Sales:- Alvaro Lopez ala@energetica21.com Associate Editor India:- Manu Tayal manu@energetica-india.net Financial Director:- Carlos Fernández carlos.f@energetica21.com Layout & Design:- Daniel Conejero I Printer:- Grafisur Hemant Arora hemant@energetica-india.net Group Editor:- Eugenio Pérez de Lema eugenio@energetica-india.net Director:- Gisela Bühl gisela@energetica-india.net