ABB has massively increased its share in the Indian solar power inverters market over the last few months, giving it an excellent platform to further expand its footprint and take advantage of the huge 96 GW potential market by 2022.
According to reports, ABB has supplied inverters for 2 GW worth of solar power capacity of the total 4 GW of capacity operational in India.
The company supplied inverters for 1 GW of capacity in the last 5 months alone. This demand is likely to have been driven by projects allocated under the various state solar power policies.
ABB has a manufacturing facility in Bengaluru in southern India, from where it supplies the PVS800 model of inverters. The company has a production capacity of 3 GW every year from this facility.
The PVS800 has now become a trusted model among solar power project developers in India. Being a global brand, ABB attracts orders from Indian as well as international developers.
The company has supplied inverters to some of the leading solar power projects in the country, including Welspun Energy — which operates India’s largest solar project installed by a single developer. It also supplied inverters to the largest canal-top solar power project in the world, located in Gujarat.
In addition to inverters for solar power projects, ABB also manufactures and supplies solar-powered water pumps that have application in the agricultural sector. The company has supplied around 5,000 solar-powered pumps so far.
The company management expects even higher growth in the solar power inverters business as the government pushes forwards the ambitious National Solar Mission that targets 100 GW solar power capacity installed by 2022.