ABB eyes more from Indian solar market - report

Nov 14, 2013 - Swiss-Swedish engineering group ABB (VTX:ABBN, STO:ABB) aims to expand significantly its operations on the Indian solar market to benefit from local solar programmes, The Hindu said yesterday.

The company plans to offer turnkey solar solutions to its Indian customers, ABB India’s vice president of solar Ajay Kawdikar told the paper. He did not outline specific plans, but was further cited as saying that the company was optimistic about the potential of solar energy in India. Its order book now amounts to 500 MW and it is eager to boost it further.

The Hindu noted that ABB has just dedicated two production plants for high-voltage switchgears and distribution transformers in India.

Under the Jawaharlal Nehru National Solar Mission (JNNSM) plans to install 10,000 MW of solar capacity by 2017, which is to reach 20,000 by 2022. The country’s solar capacity stands at 2,100 currently and there is 4,000 MW more in the pipeline, according to government estimates.

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