Navitas Solar: Insights & Future Plans in SolarQuarter Magazine

Navitas Solar is expanding its capacity to add another 1.2 GW p.a. in the portfolio. Recently, we have raised 5M USD for the new expansion. We have already purchased land and started construction for the same. In the new expansion, M10 and G12 solar modules will be manufactured and advanced technologies like TOPCon will be also incorporated.

We are amongst the few module manufacturing companies in India having backward and forward integration. Backward integration is provided by our subsidiary company called Navitas Alpha Renewables Pvt. Ltd. (NARPL), which manufactures EVA Sheets with the production capacity of 1.5 GW p.a. and expanding to add another 1.5 GW p.a. and it is already listed in the top 5 EVA manufacturers of India. Forward integration is provided by project execution & full-fledged EPC services for residential, commercial and industrial clients on rooftop as well as open access solar parks. Having forward and backwards integration, we have the control on supply chains.

We also have in house labs to maintain quality of modules due to which we’re benefitted a lot. We also have technically sound QA & QC team as well as R&D team that are continuously dedicated towards improving the quality.

There are many challenges in the Indian market like delayed disbursal of subsidy, dynamic policies of Indian Government, lack of awareness regarding solar industry etc. While talking about dynamic policies, recently ALMM implementation is extended till March, 2024 which may affect adversely to domestic module manufacturers. It may affect job losses in the industry as well as investments of domestic manufacturers.

We try to cope up with the advance technologies in the solar market and try to adapt the same to maintain our position. Our USP is a young team who can quickly understand changes of solar industry and adapt the same. We try to spread awareness regarding solar through various campaigns.

Our top priority is maintaining our quality and strengthening our position in the solar market. We see bright future of solar module manufacturers at Nationally as well as in the global market. Indian government has taken massive target of installing 500 GW of renewable energy by 2030 out of which 125 GW is already installed including 66 GW of solar. If everything takes place perfectly with the time, it’s just a matter of time for India to become a global leader.

We are aggressively exploring markets of USA, Africa and Europe and we’re looking forward to have a long-term relationship with overseas customers. We’re expecting to increase share of exports in our portfolio significantly. We’re going to expand to 10 GW in next 10 years.