Greater Noida – In a significant move towards promoting sustainable energy and local manufacturing, Japanese firm Kanemasa and Indian solar tech company SolarfiX India have signed a Memorandum of Understanding (MoU) to transfer technology under the ‘Make in India’ initiative on the sidelines of Renewable Energy India (REI) expo by Informa Markets in India at IEML, Greater Noida. The partnership aims to manufacture solar technology in Uttar Pradesh, focusing on enhancing India’s solar capacity and contributing to the nation’s ambitious renewable energy goals.
The collaboration will focus on the development of photovoltaic (PV) plants and aims to contribute 10 GW of solar capacity by 2030, supporting Prime Minister Narendra Modi’s vision of 500 GW of renewable energy by the same year. SolarfiX estimates this project will generate revenues of approximately $1.5 billion while creating significant employment opportunities in India. The MoU reflects a strategy to not only manufacture solar tracker mechanisms but also to develop entire solar plants, thereby reducing per-unit energy costs for consumers.
The mission is particularly focused on Agri-PV applications, considering India’s strong agricultural foundation. SolarfiX is keen on integrating seasonal and crop yield factors into their PV technologies, thereby assisting farmers in maximizing both agricultural output and solar energy generation. One of the key challenges in Agri-PV projects is the structural height needed for PV modules, and SolarfiX’s technology aims to address this issue effectively.
SolarfiX aims to become a developer by deploying PV plants with this technology and operating as a power producer and seller. In the B2G segment, the company will focus on engineering, procurement, and construction (EPC) for Agri-PV projects, transferring the commercial benefits of their innovative technology directly to farmers.
Why Japan?
The partnership underscores the longstanding ‘Special Strategic and Global Partnership’ between India and Japan. The two nations share deep-rooted cultural and economic ties, and have been involved in several global initiatives, including the International Solar Alliance (ISA) and the Coalition for Disaster Resilient Infrastructure (CDRI). Kanemasa’s support in the MoU, alongside NEDO (New Energy and Industrial Technology Development Organization) — a Japanese government body fostering innovation for a sustainable society — reinforces the technological and trade relations between the two nations.
A Competitive Edge
Despite a crowded solar tracker market, Anket Kapoor, CEO & Co-Founder, SolarfiX allude to the superior technology that differentiates its products and works efficiently in waterlogged areas as well. SolarfiX’s solution uses a more efficient 35-degree tilt, ensuring a higher commercial value—estimated at an advantage of 125-150%. The SolarfiX SRA is a solar tracker system that uses Japanese technology to keep solar panels facing the sun. It can increase energy generation by over 120% compared to traditional fixed systems. The system is compact and easy to install, with a low-floor design that eliminates the need for scaffolding or heavy construction equipment.
This MoU is a testament to the growing synergies between India and Japan in the renewable energy space, aligning with both countries’ commitments to innovation, sustainability, and economic growth.
- Latest
- Trending
