‘Trying to be independent’: Grew Energy on the drive towards supply chain independence at Intersolar Europe 2024

Facebook
Twitter
LinkedIn
Reddit
Email
grew energy
“All countries are trying to be independent, or self-dependent, I should say,” said Hardip Singh at Intersolar Europe 2024. Image: PV Tech.

Greater supply chain independence is a priority for companies in the solar sector, particularly for those with the capacity for and interest in both upstream and downstream development.

This is according to Hardip Singh, chief operations officer at Indian manufacturer Grew Energy, who spoke to PV Tech yesterday afternoon at the Intersolar Europe 2024 event in Munich, Germany. Grew is one such vertically-integrated company, involved in the production of ingots, wafers, cells, and modules. Singh suggested that this has helped the company achieve a greater degree of independence, and resilience.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Grew Energy’s annual module nameplate capacity is currently at 2.8GW, which it expects to increase to 6GW by 2025.

“All countries are trying to be independent, or self-dependent, I should say, especially after Covid,” Singh told PV Tech. “Covid taught us not to rely on the supply chain as it can be disrupted by the slightest of reasons.”

This is particularly significant considering many of the challenges faced by the global solar sector, with shifting legislative landscapes, such as the US’ passage of the Inflation Reduction Act (IRA) and anti-dumping and countervailing duty (AD/CVD), affecting the commercial viability of manufacturing projects in China, and exporting them to the US.

Singh noted that this need for greater resilience has coincided with a greater emphasis on locating industrial manufacturing capacity in India, which could be of benefit for the Indian solar sector, as it looks to scale up operations.

“India has always promoted, in the last 20 years, ‘made in India,’ not only for solar but for all the industries,” explained Singh.

“You have solar, wind and hydro. In wind and hydro you have a very limited scope, but solar is unlimited,” he continued, suggesting that solar may well dominate India’s renewable energy power mix in the long-term, with India currently boasting 83GW of operational solar capacity. “[There are targets for adoption of] 500GW of renewables by 2050; if that is to happen, solar will have to be added at a rate of 35-40GW a year.”

‘Aligning policies and processes’

“[India benefits from] aligning certain policies and processes to help you achieve the target,” continued Singh, suggesting that the Indian government has supported new solar projects in the country. In the first quarter of the year, India added over 10GW of new solar capacity, a massive 400% increase over the first quarter of the previous year, and Singh notes that the government has sought to incentivise Indian manufacturing, as well as deployment.

“The government has come up with some very attractive policies to help local manufacturing. Not only to achieve the target, but help local manufacturing,” said Singh.

He pointed to the work of First Solar in the country, which inaugurated its first module manufacturing facility in the country earlier this year. The facility has an annual thin-film cadmium telluride (CdTe) manufacturing capacity of 3.3GW, and the choice of a US company to locate new manufacturing facilities is an indication of the potential of the Indian manufacturing sector.

“The policies have stabilised, the technology is, more or less, stabilised around tunnel oxide passivated contact (TOPCon) – it’s likely to stay for a year or two, and [manufacturing] is part of our DNA,” continued Singh, highlighting Grew’s vertically-integrated supply chain. “We have been in manufacturing for the last 50 years.”

European market challenges

Singh also noted that the company’s presence at Intersolar is intended to “mark our presence” among leading US solar companies.

“Europe is interesting, but it’s dominated by the Chinese guys because of the price,” Singh said. “We are hopeful that there will be some kind of non-Chinese restriction, like what the US has. We are ready to enter the US and Europe markets, even today; it’s just [a question of] when the other markets are ready to accept us.”

Ultimately, Singh suggests that while individual module manufacturers, such as Grew, are eager to sell products in Europe, some of the macro-economic challenges that have plagued the European solar sector continue to present a challenge for manufacturers in other countries. On the first day of Intersolar Europe 2024, German supplier Memodo forecast “crazy” ongoing price pressures on the continent.

“[Oversupply is] a secondary issue, as far as we’re concerned,” said Singh, when asked about Europe’s much-discussed oversupply challenge. “Even when there was no oversupply, we were not able to sell, because of the price. Now, of course, we have added agony.

“Already we were struggling with the price, now we have excess stock here, which is bringing the prices down even further.”

26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
11 March 2025
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

July 15, 2024
Indosolar, a solar manufacturer and subsidiary of Indian company Waaree Energies, has started operations at a 1.3GW module assembly plant in India.
Sponsored
July 12, 2024
PV Tech spoke with Helena Li at the Intersolar Europe 2024 event, about how Trina is looking to ensure effective operations.
July 12, 2024
Canadian asset owner Brookfield has acquired a majority stake in Indian clean power company Leap Green Energy in a US$200 million equity investment.
July 12, 2024
China started conducting a trade and investment barrier investigation on the measures used in the EU’s Foreign Subsidies Regulation (FAR).
July 12, 2024
Swiss Utility BKW Energie AG has sign a power purchase agreement with food and beverage company Nestlé in Germany.
July 11, 2024
Iberdrola has signed a power purchase agreement with fast food chain Burger King to supply power from part of a 553MW solar PV plant. 

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA
Solar Media Events
October 15, 2024
Santiago, Chile