EQ in Exclusive Conversation With Mr. Krishan Kumar Sharma, VP-APAC – ReneSola Yixing

1. Take us through Renesola’s journey, so far?

Ans:ReneSola has started its operations in India in 2012. Since then, we have been supplying Solar PV modules to all the major solar developers in the Indian market. We offer our High-Efficiency Solar PV modules in the Indian market.
We have provided around 21+ GW of solar module products to thousands of solar projects and houses worldwide. We have subsidiaries and warehouses around the world, providing customers with local sales, distribution, technical and logistics services. We focus on improving production efficiency, constantly building new production lines and increasing the value of our green energy portfolio.
Renesola is a reliable and long-term partner of customers and investors.

2. Please brief us about ReneSola’s newly appointed CEO.

Ans: ReneSola is led by our CEO Mr. Sun Qing. He is an experienced business leader with more than two decades of experience in business operations had some leading responsibilities in the past with some considerably large corporates like DelphiLaser& Shanghai Zhenhua Heavy Industries Co., Ltd. etc. His in-depth management experience and operational abilities will keep up the momentum and will lead the organization to the greater heights.

3. What is your say on the growth witnessed by PV Module market in India in recent years?

Ans:Indian solar market is one of the largest solar markets in the world and India is well prepared for yielding the benefits from the country’s high insolation level and has set challenging ambitions in regard to solar PV renewable energy. The stakes are very high for India’s thriving and the renewables business must not fail to deliver on expectations. it’s surely a major chance for Solar module producers all throughout the planet to come and be a part of this market.

4. With a target of 450 GW of renewable energy by 2030, India needs to create almost 250 GW of solar capacity between this year and 2030. Do you believe that can happen? Why/why not?

Ans: India’s honourable Power and New & Renewable Energy minister- Mr. Raj Kumar Singh said that India is on the right track to achieve its renewable energy target of 450 GW by 2030 and has made significant progress towards these targets. India has already achieved 40.09GW as on March 31, 2021 and as of August 12, 2021, the renewable capacity stood has crossed the mile-stone of 100 GW.
I’m sure that with the right policies, India can & will definitely achieve this target by 2030.

5. Which are your key global markets today?

Ans: Renesola has been supplied more than 21GW+ globally, whereas India is and always been a key market for Renesola and supplied more than 3.2GW+ solar PV modules. China, Brazil, Europe and Australia are the other key markets where we are focusing on. Recently, we have signed 150MW distribution modules supply agreement with Prosun for Australian market.

6. Could you brief our readers about the new offerings ReneSola is providing in the Green Energy space?

Ans:ReneSola has always spearheaded the innovations and try to always keep updating our products for a clean & green earth. Foreseeing the shift of solar market from Standard Poly technology to Mono PERC Modules, we have enhanced the production of Mono PERC modules and will be following the same trend in 2021 & beyond. Meanwhile, we are also working on some innovative products for Indian market which will help developers to save a significant amount on the BOS part.
We have recently unveiled series TWIN 3.0 having power rating up to 550Wp with efficiency 21.5%. The series is being offered with 12 years of product warranty and 30 years of the linear power warranty.The series will offer a number of distinctive advantages to the developers globally who will have a reliable product with high conversion efficiency. Since the time Twin 3.0 has launched, it has been highly recognized in the market.

7. What are some of the key milestones achieved recently by ReneSola with respect to technological advancements and innovations?

Ans: Global leading brand, founded in 2005, is a provider of green energy technologies and solutions. The company’s growth chart was visible from day-1, where it continuously keeps achieving its benchmarks year-after-year.
Major milestones includeglobal shipment reaching 21+GW in 2021 and Indian shipment reaching the milestone of 3.2GW+ in 2021. ReneSola serves a large number of customers around the world ranging from small rooftop owners to large solar farm developers.
Apart from that, we are also glad to inform that we have touched 145MW module supplied in Brazil, 38MW in Poland, 150MW Distribution Contract Signed in Australia & 10MW in Utah, to name a few.

8. Please enlighten us about the quality aspects followed at the company?
Ans: At ReneSola, we do not treat our customers as one-time buyers, but considers them as business partners for long term relationships. It applies strict quality assurance plan in order to deliver best quality products at affordable rate, while achieving the mutual business goals.
Today, we have an upper-hand in the higher wattage products segment that reduces overall project-cost for customers. On the flip side, its team of fully trained and equipped experts leave no stone unturn to make the customer happy & satisfied. These highly qualified professionals are 24×7 available at customer service, and if required, even go to client’s place to solve their technical issues, thereby reducing response time. These distinct approaches help us to acquire long-term business relationship while gainconfidence from the marketplace.
Our solar PV modules are BIS, TUV and UL certified. Apart from that, we are ISO9001, OHSAS 18001 and ISO 14001 certified.

9. Your plan to promote global cooperation in new energy and renewable energy for a green future for mankind?
Ans: Climate change is a global issue. The planet is warming as a result of the developing degree of ozone depleting substance discharges caused by human action. In the event that this pattern proceeds, really disastrous outcomes are probably going to result from rising ocean levels to diminished water accessibility, to more heat waves and wildfires.
To combat this issue, the Indian government aims to achieve the 100GW of Solar PV by 2022 and has set various policies to achieve the same. To support the government’s – Make in India mission, we are in the process of establishing the Solar PV Cell & Module manufacturing facility in the country and aim to acquire at least 10 percent of the market share of set target. We are planning around 1000MW supply in Indian market in 2021 and are quite confident that the Indian Solar industry will achieve the set target with the help of favourable policies. India is and always has been an important market for us.

10.How much modules have you supplied to India till now, what is the target/expectation in this year and next year?
Ans: ReneSola has supplied around 3.3+ GW of PV modules in India and we are quite positive to touch 4GW by the end of 2021.

11. With a target of 450 GW of renewable energy by 2030, India needs to create almost 250 GW of solar capacity between this year and 2030. Do you believe that can happen? Why/why not?
Ans: India’s honourable Power and New & Renewable Energy minister- Mr. Raj Kumar Singh said that India is on the right track to achieve its renewable energy target of 450 GW by 2030 and has made significant progress towards these targets. India has already achieved 40.09GW as on March 31, 2021 and as of August 12, 2021, the renewable capacity stood has crossed the mile-stone of 100 GW.
I’m sure that with the right policies, India can & will definitely achieve this target by 2030.

12. The make in India plan for solar equipment finally seems to be moving forward. Do you believe it will deliver on its promise of self-sufficiency? By when? If no, then why not?
Ans: ReneSola is pretty sure that the “Make in India” campaign will be a great success and India will be self-sufficient by the end of 2030 as India is playing an effective role globally in the field of clean energy. Today India stands at 4th position in the world in terms of installed RE capacity and 5th in solar.
Nothing is impossible for India as a nation if the policies are supportive. The “Make in India” programme is one such excellent effort in the direction of giving boost to the self-sufficiency of the economy as well as going to further enhance the energy need of the country though clean energy.