The Critical Role of Solar EPCs in Delivering Quality Projects Amidst Challenges

India’s solar sector continues to expand and is forecasted to be one of the top solar markets globally for the foreseeable future. Based on the preliminary numbers, solar installations in Q2 increased, accounting for 11.2% of the total installed capacity compared to 10.69% in Q1 2021.
According to Mercom’s India Solar Project Tracker, government agencies announced tenders for 8.5 GW of solar projects in the second quarter of the calendar year (CY) 2021. The figures were up 60% compared to the same period last year when only 5.3 GW of solar tenders were announced.
The Indian solar market is an attractive destination for investors. The country has a robust large-scale solar project pipeline of 53.6 GW, with another 24.1 GW tendered and pending auction. However, quality solar assets are equally crucial for the government, developers, investors, and acquirers.
Amidst this solar boom, the role of solar engineering procurement and construction (EPC) service providers has never been more challenging. Gone are the days of fly-by-night operators as Covid-affected markets demand service providers with the skills to deliver under challenging conditions and wafer-thin margins.
EPC companies with a strong track record and proficiency are essential to meet deadlines and optimize project performance and manage supply chain challenges, especially when there is significant price pressure resulting from low tariffs.
On Friday, August 13, 2021, at 3 PM, Mercom will host a webinar on ‘Solar EPC – Mitigating Challenges and Improving Project Quality’.
You can register for the webinar by clicking here.
The panel includes Amit Barve, BU Head – Solar, Panasonic Life Solutions; Shantanu Faugaat, Director – Operations, SunSure Energy; Kuldeep Jain, Head – Project Development and Construction, Azure Power; and Pradeep Chauhan, Country Manager – Indian Subcontinent, Solarpack. Priya Sanjay, Managing Director, Mercom India, will host the session.
The webinar will cover critical issues, including setting up quality solar assets under pressure from developers bidding at aggressive tariffs and the rising price of components; bringing in innovative construction methods in a market where the EPC margins are wafer-thin; and managing supply chain issues and logistics in a Covid-hit environment, among others.
The audience can also engage with the speakers by asking questions relevant to the discussion.