Changing gears: ABB draws power from solar biz
The thrust provided by the Narendra Modi-led government to solar power generation inIndia spells good news for ABB India, which has been manufacturing in the country Indialong before the Prime Minister’s recent emphasis on ‘Make in India’.
The local arm of the Swiss-Swedish power equipment and automation technology companynotched up an important milestone as a part of its recent push into the country’s solar energy industry, in February. It sold solar inverters with a cumulative power generation capacity of 1,000 MW, a third of India’s current installed solar power generation capacity. Having set up a local manufacturing line for the inverters—which convert solar power direct current to alternating current for transmission—in 2012, the company is now eyeing a potentially significant business opportunity, as India aims to ramp up its solar power generation capacity to 1,00,000 MW over the next seven years.