Vineet Mittal Interview: Navitas Solar in Solar Quarter Magazine

How has the year 2023 begun for Navitas? What is the roadmap ahead?

New Year brought new opportunities for us. We are setting up a new manufacturing facility of 1.2 GW p.a. We have already purchased land for the new expansion. We, at Navitas Solar, want to clock a turnover of 250 Cr in FY 23. We are establishing working opportunities in countries like the USA, South Africa, and Europe.

Kindly highlight the top features of you best-selling products.

We have launched Bonito Series-Mono PERC Half Cut modules. Bonito Pro modules are available in 9 BB in 166 mm cell size (M6) in 144 cells & 156 cells producing 435 to 500 Watts. Bonito Max modules are available in 10 BB in 182 mm cell size (M10) in 144 & 156 cells and producing 530 to 600 Watts. The modules are ideal for large-scale, commercial, and residential installations. They offer High power, Better shading tolerance, Lower LCOE & system cost, and Excellent temperature performance.

How has the customer feedback been for your modules?

We have completed a decade in the solar industry. Until now, in the Indian module market, we have not received any recall of our modules. Our modules are giving supreme performance than other competitors. Our modules are ideal for large-scale and rooftop installations as they provide optimum generation and efficiency. We are supplying pan India successfully because of our good service and installations. All the customers from pan India are satisfied with our service. We believe to provide the best quality modules, as we truly believe, “Quality is remembered long after the price is forgotten”.

What technology upgrades are you planning this year?

We have plans to set up a new manufacturing plant of 1.2 GW p.a. The manufacturing line will manufacture Bonito Series-Mono PERC Half Cut modules. Bonito Max modules will be available in 10 BB in 182 mm cell size (M10) in 144 & 156 cells producing 530 to 600 Watts. The new line will be also able to manufacture 210 mm cell size(G12) modules. In addition, the new line will be also capable of handling TOPCon & HJT technologies.

How do you differentiate your offerings from competitors?

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 a production capacity of 1.8 GW p.a. and it is in the top 5 EVA manufacturers in India. Forward integration is provided by project execution & full-fledged EPC services for residential, commercial, and industrial clients on rooftops as well as open-access solar parks. Having forward and backward integration, we have control over supply chains. We also have in-house labs to maintain the quality of modules due to which we’re benefitted a lot.