Key Concerns And Challenges Faced By Indian Solar EPC Industry
Solar EPC market is right now going through a phase of the intense competition. What are the challenges and opportunities in EPC solar industry?
In a recent interview with Power Insight,- Pravar Joshi, Executive Director and Co-founder of solar EPC company Insolergy Technologies – shared his views on Indian Solar EPC Industry. Power Insight is India’s leading B2B magazine catering to Indian Power & Energy Sector and allied industries.
When asked about key concerns and challenges faced by the solar EPC industry in India, Pravar highlighted following cases which tend to harm the industry as a whole in the long run.
Regulatory and Policy Aspects
The major concern of any project developer or EPC player is usually from regulatory and policy aspects. For example, net metering policy in Maharashtra is more than 2 years old now. The implementation on the ground, however, is still not smooth and does pose its challenges. It can lead to delay in commissioning of the system which in turn means unhappy customers. Similar challenges remain in ‘Open Access’ segment where a customer can purchase power from a Solar Plant outside its own premises.
Fluctuation in solar PV material prices
Another challenge for an EPC is due to fluctuation in material prices, especially of PV modules which constitutes the major part of the project cost.
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We have also seen some cases of substandard work which mostly happens in case of low bids either due to competitive pressure or lack of experience and understanding of setting up a Solar Project. Even while designing the system, it is important to think long term. Project execution capabilities are important, but a good design makes the job easier.
You can read the full interview here, where Pravar also talks about growth opportunities and key market trends in solar EPC industry.