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India presents a fertile ground for the expansion of solar power, says Hardik Kothiya, Founder and Managing Director, Rayzon Solar

India presents a fertile ground for the expansion of solar power, says Hardik Kothiya, Founder and Managing Director, Rayzon Solar

Your views on expanding scope & growth potentials for renewable energy in India
We are steadfast believers in the vast scope and burgeoning growth potential of renewable energy in India. With its abundant solar resources, supportive government policies, and increasing demand for clean energy, India presents a fertile ground for the expansion of solar power. We envision leveraging technological advancements, fostering strategic partnerships, and advocating for sustainable practices to propel the adoption of solar energy across diverse sectors. By harnessing India's solar potential, we are committed to contributing to the nation's energy security, environmental sustainability, and economic prosperity while empowering communities and driving positive societal change.

What are the policy benefits in utilising renewable energy vs. conventional sources in new construction projects?
We understand the significant advantages of utilizing renewable energy over conventional sources in new construction projects. By incorporating renewable energy sources like solar power, we not only reduce our carbon footprint but also promote sustainability and environmental responsibility. Additionally, renewable energy systems offer long-term cost savings through reduced utility bills and potential incentives or tax benefits. Furthermore, relying on renewable energy enhances energy security by diversifying our energy sources and decreasing dependence on finite fossil fuels. Overall, embracing renewable energy in new construction projects aligns with Rayzon Solar's commitment to innovation, efficiency, and a greener future for generations to come.

Your take on the ability of renewable reserves in transforming the face of India's infra sector
Our pioneering efforts in revolutionizing India's infrastructure sector through renewable energy are commendable. By leveraging solar power, the company not only reduces the country's reliance on traditional fossil fuels but also promotes sustainable development. Their innovative solar solutions play a vital role in powering critical infrastructure projects, aligning with India's ambitious goal of achieving 500 GW of renewable energy capacity. Additionally, we focus on expanding their rooftop and ground-mounted portfolio reflects their commitment to meeting the increasing demand for clean energy infrastructure, particularly in states like Gujarat, Rajasthan, Kerala & Tamilnadu. This strategic shift towards renewable energy not only fosters economic growth but also contributes to environmental sustainability, paving the way for a brighter and more resilient future for India's infrastructure.

How can India accelerate the adoption of newer and more efficient panel technologies?
We believe India can speed up the use of advanced panel technologies by implementing supportive government policies that offer incentives like subsidies, tax breaks, and regulatory backing for their deployment. Additionally, investing in research and development to improve the efficiency and affordability of these panels is crucial. By collaborating with academic institutions and industry stakeholders, we can drive innovation in panel design, focusing on developing materials with better light absorption and creating innovative architectures for the solar panel life. This multifaceted approach will play a pivotal role in accelerating the adoption of newer and more efficient panel technologies like Topcon across India.

What policy push is needed for energy storage to complement rising solar capacities?
We recognize the critical role energy storage plays in maximizing the potential of solar energy. To effectively complement the rising capacities of solar energy, policy initiatives should focus on incentivizing the integration of energy storage systems with solar installations. This could include offering tax credits or grants for the installation of combined solar and storage solutions, implementing net metering policies that encourage the deployment of storage alongside solar to optimize self-consumption, and creating standardized interconnection procedures to streamline the integration process. Additionally, regulatory frameworks should prioritize grid flexibility and resilience, recognizing energy storage as a key enabler in achieving these objectives. By implementing these policy measures, we can accelerate the transition to a more sustainable and reliable energy system powered by solar energy and storage technologies.

What role should financial institutions and corporates play in scaling up solar projects?
Financial institutions and corporates play a crucial role in scaling up solar projects by providing the necessary funding and investment support. We recognize the importance of partnerships with these entities to facilitate the expansion of solar initiatives. Financial institutions can offer loans, grants, and investment opportunities to fund large-scale solar projects, while corporates can participate through corporate power purchase agreements (PPAs) or direct investments in solar installations. By collaborating with financial institutions and corporates, we can accelerate the adoption of solar energy and drive the transition towards a more sustainable future.

What are the key uniqueness of your products & expertise that gives you an upper hand in the market space?
Our distinct advantage lies in our relentless commitment to innovation and sustainability. With our current capacity of 4.0 GW, set to expand to 10 GW by 2025, we're poised for exponential growth. Our cutting-edge solar technology not only harnesses the power of the sun efficiently but also incorporates advanced features such as smart energy management systems and seamless integration with existing infrastructure. Equipped with cutting-edge technology and integrated processes, including quality assurance and an in-house lab, our expertise extends beyond mere product development. We offer comprehensive solutions tailored to meet the diverse needs of our clients, ensuring maximum efficiency and cost-effectiveness. By continuously pushing the boundaries of what solar energy can achieve, we empower our customers to embrace a cleaner, greener future while gaining a competitive edge in their respective markets.


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