India as a country and as an economy faces serious questions & challenges in terms of its energy needs in the coming decades. And it’s past record will not be yielding any answers or solutions. While there will be an increase in domestic coal production over the next few years, we will still be importing more coal and oil as our economy matures and grows. With the renewed focus on industrialization and infrastructure growth, increased demand for power will only amplify our country’s ever rising power tariffs and consequently inflation. Importing fuel – of any kind, ruins our trade balances further harming our economy. Moreover, being amongst the top five greenhouse gas emitters globally, India has a responsibility to achieve the growth trajectory in an environmentally sensitive and conscientious manner.
Indeed, India has reached a crossroads with regards to the power sector and its next step will determine how the rest of century plays out for this nation. The solution to our country’s problems is simple – the sun. It’s the single most powerful, inexhaustible source of energy in our solar system and our country is blessed with an abundance of solar radiation. Given this backdrop, the recent thrust in renewable energy generation by the newly elected government in 2014 is a step in the right direction. With an expected 100GW capacity installation by 2022, India is about to see a quantum jump in Solar Power Generation. Such an astronomical surge in production requires in-depth expertise along with superior technology, support and readily available infrastructure.
A number of existing and under development Indian solar projects regrettably focus primarily on reducing the initial investment often at the expense of quality. While these projects perform well for the first 5 years or so, their ability to deliver superior performance over 25 years is questionable. In relentless pursuit of reducing their project costs - EPC companies, developers and investors end up compromising on the reliability and long term performance of these solar projects.
Relisol believes this to be “penny wise, pound foolish”. We believe that building a high quality project with a slightly higher investment is actually more profitable when you consider life cycle costs and sustainable higher generation over 25 years. Many initial investors in this sector have realized this the hard way, as some projects had to be refurbished by infusing additional capital and some continue to suffer from significantly low energy generation of 12-13 lacs units/MW per year.
At Relisol, we provide customized plant sizes starting from upwards of 1MW. Our aim is to make solar a clean, hassle free and simple investment in the Solar Power Industry. Relisol is a provider of Turnkey Photovoltaic (PV) solar energy solutions. Our solutions reduce the risk of fuel-price volatility while delivering a Levelised Cost of Electricity (LCOE) that is price competitive with fossil fuels today for our energy consumer-partners. By integrating technologies and expertise across the entire solar value chain, Relisol delivers bankable PV energy solutions that maximize the value of our investors PV investments while minimizing their risk.