Panasonic’s Solar Business India Operations awarded “The Best Rooftop Solar Module Company”

Panasonic’s Solar Business India Operations awarded

“The Best Rooftop

 Solar Module Company” 

at the Indian Rooftop Solar Summit

Plans to unveil larger capacity solar pv modules for B2B segment soon considering its ambitious growth plan for 

the upcoming years.

by Suman Gupta

New Delhi, India : Anchor by Panasonic, a vital member of Panasonic Corporation Eco Solutions company was declared winner in the category of Rooftop Solar Module Company in recognition of its continuing efforts and outstanding contribution towards the development of rooftop solar industry.

The Chairman of SECI (Solar Energy Corporation of India) Shri Upendra Tripathi and CMD of IREDA (Indian Renewable Energy Development Agency) Mr. K.S. Popli - Both Central Govt subsidiary companies of Ministry of New and Renewable Energy (MNRE) conferred the awards at the IRSS Indian Rooftop Solar Summit organised by the First View Group & Solar Quarter in New Delhi recently.

The High Efficiency Photovoltaic Module HIT™ is manufactured using advanced technology and is an ideal match for the Indian environmental conditions as it offers more energy production per square meter of area utilized and lowest negative temperature coefficient.

 

On this occasion, Mr. Krishnan Rajagopalan, Head Solar Business for Panasonic in India says, “India is facing a major challenge as it evolves to be a self-sufficient and efficient nation using non-conventional sources for producing power. The Union Government has significantly expanded its solar plans, targeting US$100 billion of investment and 100 GW of solar capacity by 2022. The need of the hour is to deploy high efficiency modules that offer better response to environmental conditions in the roof top segment (particularly commercial and industrial units). Customers are now opting to pay the extra premium, to have secured and long term cash flows.”

Having over 4 decades of experience in Solar Panels business, Panasonic started its India Solar Business Operations through its 100% wholly owned subsidiary company M/s Anchor Electricals Private Limited, as a supplier of high efficiencyPhotovoltaic Module HIT™ in April 2014.  The company today offers end-to-end solution  to its customers right from feasibility study to high quality Engineering, Procurement, Construction (EPC) services and long-term operation and maintenance.

Panasonic has successfully completed supply of 2.9 MW of Photovoltaic Module HIT™ to a large sanitary ware manufacturing company in India (for its roof top project) and now executing ~2 MW roof top project for the same customer on EPC basis. The company has also successfully completed and commissioned 700 kWp of roof top power plant on EPC basis with the photovoltaic modules for a large IT company in South India and is executing an additional ~1 MW of roof top plant for the same customer in western India.

Aligned to the aggressive business plans of the company, Panasonic Eco Solutions, one of the four strategic business segments of the Japanese major also has announced the expansion of its solar business by increasing the energy generation capacity of its High Efficiency Photovoltaic Module HIT™.

Mr. Shigeki Komatsu, General Manager of Solar Business Unit, Japan mentions, “Panasonic will be releasing larger capacity photovoltaic module HIT™ (294Wp, 325Wp and 330 Wp) for B2B market shortly. These modules will reduce the balance of system costs for clients and make it more compact and also provide higher power density.”

At present, Panasonic has 900 MW production capacity in the manufacturing locations in Japan and Malaysia and it has announced capacity expansion to 1 GW in lieu of its Solar Business expansion in the Indian Sub continent and GCC markets. It is a vertically integrated company right from Research & Development, silicon ingot, wafer, cells, modules and EPC Services. This vertical opens up new opportunities for the company in a key market like India where Solar power will play a major role in the near future.                                                                                                                                                                         

For more details of Panasonic photovoltaic products and EPC Services write to: solar@anchor-world.com

About Anchor Electricals

Headquartered in Mumbai, Anchor electrical Private Limited started nearly five decades ago and became a subsidiary of Panasonic Electric Works (now Panasonic Corporation) in 2007. It is one of the largest domestic manufacturers of electrical construction materials with 4 manufacturing locations and boasts of 50 domestic sales bases and an employee strength of 10,000 plus. Its sales and operating profit are steadily growing and it ended the last financial year with net sales of approximately Rupees 19 billion. It has a dominant market share in wiring devices and it is constantly expanding its product range and growing market share in Circuit Breakers, Lighting, Fans and Wires/ Cables. It has made a robust foray  in the Energy Generation Business with Solar products sold under Panasonic as well as Anchor brand and increased its value proposition for the solar customers with setting up of its EPC team. Anchor aims to double this is the next three years from the existing and some new product categories. For more information on Anchor, please visithttp://www.anchor-world.com