Schneider Electric powers 2 GW of solar capacity, eyes 2.5 GW by March
20% of solar capacity flows through Schneider equipment
Of the country’s cumulative solar capacity of 10,000 MW, 20 per cent flows through Schneider Electric’s equipment.
By March 2017, the company plans to supply and commission equipment for another 500 MW solar projects, increasing its share of the total capacity to 2.5 GW across several states.
Schneider Electric Solar’s presence in the sector has grown over 50 per cent in the last one year. In 2016 alone, the company supplied equipment for more than 500 MW of solar capacity, as against 1.5 GW in the last four years. This has been due to rapid growth in the sector given the Government’s commitment to achieving a target of 100 GW of solar power by 2022.
Anurag Garg, Vice-President, Solar Business, Schneider Electric India, in a statement said, “We are on the verge of contributing 25 per cent of the total installed solar capacity in India. Our share as well as contribution to India’s solar sector is only going to increase given the rapid growth witnessed by the sector on the back of the 100 GW target to be achieved by 2022”.