Que: In your opinion, what is the role of solar power in reducing carbon footprint? Walk us through the benefits of solar power for businesses and households.

Ans: Solar power plays a critical role in mitigating the negative impact of carbon footprint on the environment. This is because solar power provides a clean and renewable energy source that does not release harmful greenhouse gases into the atmosphere, unlike traditional sources of energy. In addition, solar power can significantly reduce electricity bills for businesses and households. By generating their own electricity, they can save on energy costs over time.

Businesses that adopt solar power can also gain a competitive advantage in the marketplace by demonstrating their commitment to sustainability. With growing awareness about the importance of environmental sustainability, consumers and investors are increasingly seeking out businesses that prioritize sustainability. This makes solar power a valuable investment for businesses looking to enhance their reputation and attract environmentally-conscious customers. By harnessing the power of the sun, businesses and households can become energy self-sufficient and reduce their reliance on traditional sources of energy. This not only helps to mitigate the environmental impact of energy production but also provides long-term energy security.

Overall, the benefits of solar power for businesses and households are significant. Solar power is a clean, renewable, and cost-effective source of energy that can help reduce carbon footprint and contribute to a more sustainable future. By investing in solar power, businesses and households can reap economic, environmental, and social benefits that can have a positive impact for generations to come.

Que: What role is Redington Solar playing in the transformation of India's energy landscape?

Ans: Redington Solar is playing a crucial role in the transformation of India's energy landscape by driving the adoption of high-quality, technologically advanced solar products. Redington Solar has established a strong presence in the organized solar solutions market across the country, ensuring swift delivery and installation of solar power systems.

Through partnerships with various solar firms, Redington Solar is promoting the adoption of green energy in India. For instance, it has collaborated with Credence Solar to offer solar panels with a capacity of 650 Wp, which is one of the highest in the industry. Additionally, Redington Solar has partnered with EMMVEE Solar, Pixon and Navitas Solar, JA Solar, Longi and Trina Solar to provide expertise in solar power. To provide collateral-free channel finance solutions and affordable solar rooftop financing to its customers, Redington Solar has partnered with SBI, SIDBI, Creditfair, Ecofy and UGRO Capital.

Redington Solar is committed to offering the latest technology products and innovative solutions to its partners and customers. Its mission is to facilitate a significant shift in the energy consumption patterns of the region by providing easy access to energy-efficient solutions across India.

Que: Please shed some light on Redington's partnerships with leading solar product manufacturers. Tell us about its product portfolio along with its market footprint and clientele.

Ans: Redington Solar, a prominent solar technology aggregator in India, partnered with top solar product manufacturers to provide customers with cutting-edge, high-quality solar solutions. Our portfolio comprises:

• Solar PV modules from Indian brands like Credence Solar, Navitas Solar, Pixon Solar and EMMVEE Solar and International brands like JA Solar, Longi and Trina Solar to offer high efficiency, durability, and performance. Credence Solar produces solar panels with 650 Wp capacity, which are among the highest in the industry.

• Solar PV inverters from Growatt, Hoymiles, FoxESS and Enertech which offer reliable and intelligent power conversion and management.

We have a strong market footprint and clientele in India, with a presence in over 30 states and union territories. We have a countrywide network of more than 20 warehouses that ensures quick delivery and installation of solar power systems.

Que: Kindly brief us on the services and solutions offered by Redington for the solar industry.

Ans: Redington Solar offers services and solutions for the solar industry in India, such as:

• Distribution of high-quality and technologically advanced solar products from top global brands, such as solar PV modules and inverters.

• Quick delivery and installation of solar systems through a countrywide network of 20+ warehouses and over 3000 solar system integrators, channel partners, and installers.

• Technical pre-sales and post-sales support to the new and experienced solar system integrators and EPC companies to help them be competitive and optimize their system designs.

• Guarantee service and facilitation of claims for product-related issues.

• Working capital benefits and credit terms for eligible customers, as well as collateral-free channel finance solutions and affordable solar rooftop financing through its partnerships with SBI, SIDBI, Ecofy, Credifair and UGRO Capital.

Our dedication is to offer our partners and customers cutting-edge technology products and inventive solutions. Our goal is to induce a substantial change in the energy consumption patterns of the region by granting effortless access to energy-efficient solutions all over India.

Que: How do you ensure the timely delivery of quality products to your customers? What challenges do you face and how do you overcome them?

Ans: Redington Solar operates from over 20 warehouses across the country, with almost one WH in each of the solar active states. Our strategic location near clients enables us to reduce delivery time and costs. However, we strive to further reduce delivery time and logistics costs through our newly launched reseller program. The program aims to create smaller WH in closer proximity to our clients, making it easier for end customers to purchase smaller quantities without incurring hefty logistics costs.

Que: Do you face any logistic challenges while sourcing products from the manufacturers? Tell us about your supply chain.

Ans: Redington Solar has tie-ups with international brands such as JA Solar, Trina Solar, and Longi. Last year, the Indian Government's regulations disrupted the replenishment cycles, but with the latest extension given to all international brands by the MNRE, the movement of goods has greatly improved.

Que: Redington Solar joined hands with banks and NBFCs. What kind of financial assistance is it providing to its channel partners and customers?

Ans: Redington Solar facilitates the adoption of solar energy solutions in the market by providing financial support to its channel partners and customers through partnerships with Non-Banking Financial Companies (NBFCs) and banks. Our goal is to benefit our stakeholders in the following ways:

• Commercial customers can avail of loans from the State Bank of India (SBI), Ecofy, CreditFair, SIDBI and UgroSME finance, Redington’s partner banks and NBFCs, to install solar energy systems. They can also select the best products from Redington’s portfolio of offerings and get them installed by Redington’s certified technicians. This simplifies the process of going solar and reduces their operational costs and carbon footprint.

• Channel partners can access finance Ugro SCG an NBFC and business leads from Redington to kickstart and scale up their solar solutions business. This enables them to overcome the barriers of entry and expansion in the solar industry and increase their market share and profitability.

• Residential customers can apply for loans from Redington Solar’s partner banks and NBFCs to install solar energy systems. They can also benefit from Redington Solar’s product selection, installation, and insurance services. They can get their loans approved quickly and easily and enjoy the advantages of solar energy.

By providing financial support to its channel partners and customers, Redington Solar is accelerating the transition to solar energy solutions and supporting the global net zero goals.