Interview: Ishan Chaturvedi

Director and Co-founder at V & Y Solar

V&Y Aims for 200+ MW by FY 2026, Combining Tech and Territory: Ishan Chaturvedi

April 17, 2025. By Abha Rustagi

We’re also expanding into smart O&M with real-time monitoring systems and AI-based predictive diagnostics, said Ishan Chaturvedi, Director and Co-founder, V & Y Solar in an interview with Abha Rustagi, Associate Editor, Energetica India.

Que: Being a turnkey Solar EPC supplier, what main differences set V&Y apart from other companies in the field?

Ans: At V&Y, we’re energy partners with a problem-solving DNA. Our standout offering is the CAPEX+ model, a first-of-its-kind in India that merges the flexibility of traditional CAPEX with innovative value-added services: collateral-free financing, generation guarantees, 48-hour damage replacement, and post-installation support that removes liability from the customer. This ensures an ultra-low levelised cost of energy—close to INR 1 per unit in many cases.

From heritage hospitality installations like Alsisar Haveli, Umaid Bhawan Palace, Sawai Man Mahal, Fateh Collection, and Taj Amer to large-scale industrial parks and even agri-voltaic farms, we’ve delivered solar where others said it couldn’t be done—like mountain slopes or structures—without disturbing historic aesthetics. Our growing patent portfolio (such as our anti-monkey cable guard system) and 99 percent+ customer satisfaction are further proof that innovation and integrity are at the core of everything we do.


Que: What emerging trends in solar energy are you most excited about, and how is V&Y adapting to them?

Ans: We’re particularly excited about Building-Integrated Photovoltaics (BIPV), agri-voltaics, and solar-plus-storage solutions. BIPV is transforming how urban structures interact with energy, while agri-voltaics allow for the dual use of land—critical in a country like India. At V&Y, we’ve already implemented Rajasthan’s first 400 kW agri-voltaic project and one of India’s largest 70 kW residential BIPV rooftop systems.

We’re also expanding into smart O&M with real-time monitoring systems and AI-based predictive diagnostics. These not only maximise yield but also reduce long-term costs for our clients. Additionally, we're building synergies with future-ready tech like green hydrogen and EV integration, laying the groundwork for a more connected energy future.


Que: How does the company leverage data and analytics to optimise solar plant performance?

Ans: Every V&Y plant is a smart solar plant. We use IoT-enabled sensors that feed real-time data into our central monitoring systems. This allows us to track metrics like irradiance, panel efficiency, inverter uptime, and energy yield 24/7. With AI-driven analytics, we offer:
• Predictive maintenance: reducing downtime and extending system life.
• Performance benchmarking: comparing expected vs. actual output.
• Automated alerts: for underperformance or equipment anomalies.

This approach aligns with our belief that a solar plant isn’t just an asset—it’s a long-term energy engine. We treat our clients’ systems with as much care as our own, embodying our motto: “The asset is theirs, but the plant is ours.”


Que: V&Y has helped multiple industrial and commercial customers implement BIPV solutions. Can you discuss the advantages of BIPV over traditional solar installations?

Ans: BIPV is the future of urban solar. Rather than being retrofitted, solar becomes part of the building—replacing elements like facades, skylights, or canopies. At V&Y, we view BIPV as a way to unlock value from overlooked surfaces without compromising design.

For clients like luxury hotels and high-end residences, BIPV preserves architectural integrity while enabling energy independence. It’s also a game-changer in terms of ESG goals. Our installations—like at Alsisar Haveli—have proven that you don’t need to choose between aesthetics and sustainability.


Que: What are your growth plans in terms of capacity expansion, new markets, or technological advancements?

Ans: Post-merger as V&Y, we are targeting 200+ MW by FY 2026. We're scaling both vertically—by adding storage, EV charging, and energy automation layers—and horizontally by entering new territories like MP, UP, and NCR through new offices and local partnerships.

We’re also working to expand our B2C solar vertical for residential customers, bringing our commercial-grade service quality to homes across India.


Que: What policy and regulatory challenges do you encounter in the Indian solar industry, and how can government policies further support the growth of solar EPC companies like V&Y?

Ans: While India’s renewable roadmap is visionary, execution often hits bottlenecks. Challenges include:
• Inconsistent net metering policies across states
• Delays in subsidy disbursements
• Limited incentives for innovative solutions like BIPV or agri-voltaics

Policies like the Production-Linked Incentive (PLI) scheme helped bolster domestic manufacturing but are now set to expire. We urge the government to extend such initiatives, simplify single-window approvals, and introduce targeted subsidies for new-age solutions like BIPV and CAPEX+.

At V&Y, we believe India’s solar EPC ecosystem can be a global leader if backed by consistent, innovation-friendly policies—and we're committed to playing our part in that journey.


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