Can you brief me about the latest Innovation in the Solar Industry?
Solar industry is witnessing exponential growth in deploy-ment worldwide and equally disruptive is rate in change in technology making one of the most dynamic sectors buzzing with innovation not in technology but with business models too. In the history of last four decades of solar industry last ten years has been most dynamic and has seen solar cell technology changing from old days of Polycrystalline to MONO Crystalline (MONO), to MONO Passivated emitter rear contact cells (PERC) to Half cut MONO PERC cells and now emerging technology of Tunnel Oxide Passivated Contact (TOPCON) variant within Mono cells. Efficiency of solar modules is the one which is driving this change in technology primarily so that more power can be punched in given area and making solar energy more affordable.

Also, work is in advanced stages for non-silicone-based technologies using alternate materials to reduce dependency on silicone which is primary raw material and make it more friendly for wider installation. Perovskite is one such technology which is expected to revolutionize solar deployment with thinner and more flexible designs where layer can be deployed on glass substrate using inkjet printers. This technology offers unique advantage of energy payback in manufacturing which is less than 6 months as compared to current technologies which needs almost 3 years.

The solar industry is experiencing rapid growth and innovation, not only in technology but also in business models. Over the past decade, solar cell technology has evolved dramatically. We’ve moved from Polycrystalline to Monocrystalline (MONO), to MONO PERC (Passivated Emitter Rear Contact) cells, to Half-cut MONO PERC cells, and now to the emerging TOPCON (Tunnel Oxide Passivated Contact) technology. This evolution is driven by the quest for higher efficiency, allowing more power generation in a given area and making solar energy more affordable.

Additionally, advanced non-silicon-based technologies are being developed to reduce reliance on silicon, the primary raw material. Perovskite technology, for instance, promises thinner, more flexible solar panels that can be printed on glass substrates using inkjet printers. This technology offers a significant advantage with an energy payback time of less than six months, compared to nearly three years for current technologies.

How is industry responding to the ever-increasing demand for solar industry?
With Decarbonization and Net neutrality as stated goals by various governments as well as private companies demand for solar has fueled like never. Solar industry has been at the forefront not only in demand generation efforts but also not lacking anywhere in getting equipped for sufficing this increased demand of 350 GW expected in this year. In fact, we expect global solar manufacturing capacity to reach 1 TW which would be more than double the capacity from last year making sufficient supply of expected demand. Over and above creating manufacturing capacities its also working closely with various govern-ments as well as financial institutions to make adoption easier as well as affordable.
Overall solar industry is geared up to take market challenge and ready to respond positively in every direction to increase deployment.
With decarbonization and net neutrality as goals for many governments and private companies, demand for solar energy has surged like never before. The solar industry is leading the charge, not only in generating demand but also in meeting it. This year, an expected 350 GW of new solar capacity will be needed, and the industry is prepared to meet this with a global manufacturing capacity set to reach 1 TW—more than double last year’s capacity.
Beyond expanding manufacturing, the employment in rural areas.
With our wide experience in turnkey solar projects, we have selectively started also helping customers in making tweaks to improve yields of their existing solar power plants.
Beyond supplying high-quality solar products, we offer services to help commercial and industrial customers adopt green energy. We conduct feasibility studies and provide turnkey Engineering, Procurement, and Construction (EPC) contracts.
We partnered with Gro Solar, an agri-voltaic developer, to execute the first successful commercial agri-voltaic project. This plant generates solar power while allowing agriculture to continue on the same land. The energy is sold to a local distribution company, and the agricultural produce adds additional revenue. This project exemplifies the use of new technology for power generation without disrupting agricultural land, while also creating rural employment.
With our extensive experience in turnkey solar projects, we now also assist customers in optimizing the yields of their existing solar power plants.

Panasonic Life Solutions India Pvt. Ltd.
Email : solar@in.panasonic.com
Web : lsin.panasonic.com