Latest news with #RishabhAggarwal
Time of India
a day ago
- Automotive
- Time of India
HVR Solar Pvt Ltd Scales Manufacturing to 2GW in Haryana's Industrial Corridor
HVR Solar Pvt Ltd, a leading name in solar photovoltaic manufacturing, has announced a major leap forward with the launch of a cutting-edge 2GW annual production facility in Sonipat, Haryana. Spanning 6.5 acres in the heart of the state's industrial belt, this new plant marks a strategic investment aligned with India's renewable energy goals, reinforcing HVR Solar's position as a key force in the domestic solar manufacturing landscape. The facility will focus on advanced N-Type Topcon bifacial technology modules, capable of delivering up to 715Wp per unit, ushering in a new era of high-efficiency, high-performance solar solutions tailored for both Indian and global large-scale solar developers. 'This expansion marks a pivotal moment in HVR Solar's journey toward becoming a dominant force in India's solar manufacturing landscape,' said Rishabh Aggarwal, Director, HVR Solar Pvt Ltd. 'Our investment in cutting-edge N-Type Topcon technology demonstrates our unwavering commitment to innovation and our confidence in India's renewable energy sector's exponential growth trajectory.' The facility is strategically located in Sonipat to leverage Haryana's robust industrial infrastructure, skilled workforce, and proximity to key markets in North India. The location provides excellent connectivity to major transportation networks, ensuring efficient supply chain management and reduced logistics costs for customers across the region. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Co-Founder of Google Brain, Andrew Ng, Recommends: "These 5 Books Will Turn Your Life Around" Blinkist: Andrew Ng's Reading List Undo With operations commencing in Q3 2025, the facility is expected to create substantial employment opportunities and contribute significantly to the local economy. The plant will employ advanced automation and Industry 4.0 technologies, ensuring consistent quality while maintaining competitive production costs. Sagar Sachdev, Executive Director, HVR Solar Pvt Ltd, emphasised the market implications: 'The demand for high-efficiency bifacial modules is accelerating globally, driven by utility-scale projects seeking maximum energy yield per square meter. Our 715Wp modules will enable developers to achieve superior project economics while reducing land requirements and installation costs.' Live Events The N-Type Topcon bifacial technology offers several advantages over conventional modules, including higher efficiency, better temperature coefficient, reduced light-induced degradation, and enhanced performance in low-light conditions. These characteristics make them particularly suitable for India's diverse climatic conditions and utility-scale installations. India's solar module manufacturing capacity has witnessed remarkable growth, supported by government initiatives, including the Production Linked Incentive (PLI) scheme and Approved List of Models and Manufacturers (ALMM) regulations. HVR Solar's expansion aligns with the government's vision of achieving 500GW renewable energy capacity by 2030 and reducing import dependence in the solar sector. The company's expansion comes at a time when domestic solar demand is experiencing unprecedented growth, driven by corporate sustainability commitments, declining solar tariffs, and supportive policy frameworks. HVR Solar's new facility will incorporate sustainable manufacturing practices, including renewable energy integration, water recycling systems, and waste minimisation protocols. The company aims to achieve carbon neutrality in its manufacturing operations by 2027, setting new benchmarks for environmental responsibility in the sector. The expansion is expected to strengthen India's position in the global solar supply chain while reducing the sector's dependence on imports. With this facility, HVR Solar will be well-positioned to serve both domestic and export markets, contributing to India's emergence as a global manufacturing hub for renewable energy technologies. For more information, visit the website . Disclaimer - The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content.
Mint
5 days ago
- Business
- Mint
HVR Solar Advances India's Solar Tech Leadership with 2GW N-Type Topcon Manufacturing Hub
Delhi, India, 26th June 2025: HVR Solar Pvt Ltd is betting big on next-generation solar technology with the launch of a 2GW annual production facility dedicated to N-Type Topcon bifacial modules in Sonepat, Haryana. The facility, operational from Q3 2025, represents a strategic pivot toward high-efficiency solar solutions as the industry grapples with evolving performance demands and technological convergence. The 6.5-acre facility will produce modules with maximum capacity of 715Wp, positioning HVR Solar in the premium segment where efficiency gains translate directly to improved project economics. The move comes as global solar manufacturers race to commercialize advanced cell technologies, with N-Type Topcon emerging as a leading candidate to replace traditional PERC technology. "We're witnessing a fundamental shift in solar technology adoption, where efficiency improvements of even 2-3% can determine project viability," said Mr. Rishabh Aggarwal, Director, HVR Solar Pvt Ltd. "Our investment in N-Type Topcon technology positions us at the forefront of this transition, offering developers a compelling value proposition in an increasingly competitive market." The technology choice reflects careful market analysis of emerging trends in solar photovoltaics. N-Type Topcon cells offer superior efficiency compared to conventional P-Type PERC cells, with lower temperature coefficients and reduced light-induced degradation. These characteristics become particularly valuable in utility-scale installations where marginal efficiency gains compound over project lifecycles. Bifacial module design adds another dimension to performance optimization, enabling energy generation from both sides of the panel. This capability can increase energy yield by 10-30% depending on installation conditions, making it particularly attractive for ground-mounted utility projects and agrivoltaics applications. Mr. Sagar Sachdev, Executive Director, HVR Solar Pvt Ltd, highlighted the strategic rationale: "The convergence of N-Type cell technology with bifacial design represents the current sweet spot in solar module development. We're not just manufacturing products; we're delivering solutions that address real-world challenges faced by project developers in optimizing land use and maximizing energy density." The Sonepat location was selected after comprehensive analysis of logistics, infrastructure, and talent availability. Haryana's industrial ecosystem provides access to skilled manufacturing workforce while ensuring proximity to key markets in northern India. The state's supportive industrial policies and robust infrastructure development further enhance the facility's long-term viability. HVR Solar's expansion occurs against the backdrop of India's evolving solar manufacturing landscape. The implementation of ALMM regulations and PLI incentives has catalyzed domestic manufacturing growth, while rising global trade tensions have created opportunities for Indian manufacturers to capture market share previously dominated by Chinese suppliers. The company's technology roadmap extends beyond current N-Type Topcon offerings, with research and development initiatives exploring heterojunction technology & Solar Cells Manufacturing in near future. This forward-looking approach positions HVR Solar to adapt to evolving technology paradigms in the rapidly advancing photovoltaics sector. Manufacturing operations will incorporate Industry 4.0 principles, including automated quality control systems, predictive maintenance protocols, and real-time production optimization. These capabilities are essential for maintaining consistent product quality while achieving competitive manufacturing costs in the global market. The facility's design emphasizes flexibility and scalability, enabling rapid adaptation to changing market demands and technology evolution. Modular production lines can be reconfigured to accommodate different cell sizes and module configurations, ensuring long-term asset utilization despite technological uncertainties. Market dynamics favor high-efficiency module adoption, with utility-scale developers increasingly prioritizing energy density over initial cost considerations. This trend, combined with declining balance-of-system costs, creates favorable conditions for premium module technologies like N-Type Topcon bifacial designs. HVR Solar's strategic positioning targets the intersection of technological advancement and market opportunity, leveraging India's manufacturing cost advantages while delivering performance capabilities that meet global standards. The initiative represents a calculated bet on technology leadership as a sustainable competitive advantage in the commoditizing solar module market. For more information please visit:
