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AEG Power books 34 MW of orders
A BUSINESS CORRESPONDENT
Wednesday, April 25, 2012, 10:57 Hrs  [IST]

Sridhar MurthyAEG Power Solutions, a global supplier of power electronics systems and solutions, has installed 40 MW of solar projects since beginning operations in India and it has booked 34 MW orders since January 2012, when 33.5 MW had been awarded for the year 2011, a company release said.

The orders consisted of complete electrical systems, including inverters, monitoring and measurement equipment, to equip solar plants throughout India, mostly in Gujarat.

The completed projects include several within the 500-MW Solar Park in Gujarat. The state's longterm power purchase programme involves agreements with 80 project developers, to commission almost 1,000 MW of solar generation capacity by the end of 2013. The AEG Power Solutions 1-MW solar plant supplied to EI Technologies was the first project commissioned at the Solar Park.

Sridhar Murthy, AEG Power Solutions Managing Director in India, said, "The successful installations in Gujarat demonstrate the reactivity and efficiency of our team and show that we are strengthening our market position."

"We were aiming to be the first developer to commission a plant in the Gujarat Park and felt confident that AEG Power Solutions' expertise would help us do so," said N. Ranganath, Chairman and Managing Director, EI Technologies. "We selected AEG Power Solutions over a dozen competitors because of their straightforward, honest approach. They lived up to the faith we bestowed on them, commissioning our plant well before the deadline."

All told, 11 MW of AEG Power Solutions installations in India had been commissioned by end of 2011. The various installations were built to multiple grid evacuation voltages—11kV 33kV & 66kV.

AEG Power Solutions also successfully executed projects for Saisudhir Energy Ltd, as part of the National Solar Mission.

Untitled Document
India pushes up sales

Solar sales on aggregate were up 165 per cent in 2011 with growth coming from Eastern Europe and India where AEG Power Solutions booked major projects both in solar inverters and in monitoring systems, the company said. Sales in emerging markets helped offset lower-than-anticipated performance in Western Europe, where sovereign debt and concerns over budget deficits held back growth and contributed to economic uncertainty.

The newly introduced Protect PV.500 improved the competitiveness in central inverters and contributed to winning projects in demanding markets such as India. In Bengaluru, a new 400-MW solar inverter facility was officially opened in October 2011 and contributed €6.0 million to solar sales in the fourth quarter.

In January 2012, the plant recorded orders for inverters and monitoring solutions representing about 34 MW of generating capacity in Q1 2012. All AEG Power Solutions inverters for Indian customers are manufactured at the Bengaluru facility, which now employs about 100 people.

 
                 
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