Solar PV Systems Company Investment Opportunity in New Delhi, India

An increase in the levelized cost of energy (LCoE) due to the depletion in solar tariffs worldwide has created some sense of fear in the minds of solar power developers. To make it commercially competitive, the only way forward is to maximize yields and improve their IRR.
The only way forward for higher yield is to use solar PV tracking technology to harness the sun to its full potential. The existing tracking systems are single-axis tracker (SAT) and dual-axis tracker (DAT), unfortunately, both are not too effective. The SAT has shortcomings in design and the DAT is too expensive to be economically viable.
Critically analyzing the market demand, we have innovated a new & enhanced solar tracking technology that disrupts the existing single-axis tracker. It overcomes the inherent design disadvantage of the single axis, thereby offering a near dual-axis tracker performance, at the cost equivalent to a single-axis tracker. Key features of our innovation are:
- Rotates solar modules in two different directions, unlike the SAT.
- The angle of incidence of the sun's irradiation on the module is always close to perpendicular at all times and in all seasons of the year, whereas the angle of incidence in a single-axis tracker is effective only during the summers.
- The performance recorded is 2x to 3x over SAT at any location on the globe. This results in a tremendous improvement in the project IRR.
- The 2-Axis Tracker has an ideal design advantage for bifacial solar modules.
- 2-Axis Tracker is so versatile, that the same can be converted to a horizontal & tilted single-axis tracker by deactivating N-S movement.
- Innovation is the next-generation technology, which replaces and overcomes existing SAT technology.
- The design is jointly developed with IIT-Delhi and incubated in their premise.
According to Fortune Business Insights, the global solar tracker market size was USD 9.30 billion last year and is projected to reach USD 22.33 billion in the next 6 years, growing at a CAGR of 20.78%.
- Between the next three years, global annual solar installations will average 135 gigawatts.
- Meanwhile, the global tracker market will see a 45 percent increase in installations for the next 2 years.
- The promoter of the company has 8 years of rich experience in the solar industry with various verticals in the same domain.
- Granted patents for India, USA & Canada. Pending for 30+ countries in EU & UK.
- Executed 6 MW in a 2-axis tracker and prospect base of over 150 MW.
- We hire on a need basis.