Web Exclusive | August 2017
ABB India reaches 5 GW milestone for solar inverters
ABB India has surpassed the 5 GW milestone for the supply of solar inverters in the country. The company consolidated its market leadership for solar inverters contributing to approximately 40 per cent of the installed solar projects in the country at 13 GW. As per market reports, India is set to become the third largest solar market in the world in 2017, expected to touch about 5 per cent of the global solar capacity and ABB India is ready to support this growth. Sanjeev Sharma, Managing Director, ABB India said, “As India makes rapid strides on its clean energy mission, we are proud to partner this journey with our best in class, future-proof global technology made in India. Quality products and innovative solutions are key to continue the momentum of growth of Indian renewable energy installations with digitalisation adding the competitive edge.”
The event took place in ABB solar inverter factory in Bengaluru, where last year, the company doubled its solar inverter manufacturing capacity in India. Senior leadership from Azure Power and ABB India were present to mark the 5 GW milestone journey. “Azure Power has demonstrated its strong project development, engineering, and execution capabilities with the support of leading technology partners such as ABB. Their technology and solutions complement our strategy of operating performance of our long term energy contracts,” said Inderpreet S Wadhwa, Chairman and CEO, Azure Power.