Visit by Consul General of India Raveesh Kumar to SMA: Great Potential for PV in the Indian Market

Raveesh Kumar, Consul General of India, visited SMA Solar Technology AG (SMA) on Tuesday. Mr. Kumar discussed the future perspectives of the Indian PV market with SMA’s CEO/CFO Pierre-Pascal Urbon.

Being among the Earth's regions with the most hours of sunshine per year, India is an attractive market for SMA. The demand for energy in this up-and-coming emerging market will continue to grow significantly in the near future, and photovoltaics will play an important role in satisfying this growing demand. The Indian government has stressed its commitment to providing a cost-effective, clean and sustainable energy supply to the country by introducing the National Solar Mission in 2010. It aims at installing 100 gigawatts of PV power by 2022, thereby considerably increasing solar power's share of the total energy production in the coming years. “In light of these aspects, we are very pleased to have had the opportunity to discuss the further development of the Indian PV market and the role of SMA with Mr. Kumar,” said SMA Chief Executive Officer and Chief Financial Officer Pierre-Pascal Urbon. 

“A reliable and sustainable energy supply is essential for India’s further economic development. Photovoltaics will be of great importance in this. I am happy to note that SMA, with its high-quality and technologically advanced solutions, is committed to the Indian market and could play an important role in achieving the ambitious solar energy target to ensure the future energy supply of the country”, stated the Consul General of India Raveesh Kumar.

Numerous PV projects have already been launched in India in recent years using SMA inverter technology. In addition to grid-tied PV plants of every size, the stand-alone and PV-diesel-hybrid solutions developed by SMA play an important role in providing electricity to remote areas without access to the power distribution grid as well as to industrial enterprises in areas with weak electricity supply. SMA is represented with an own sales and service company in India since 2010 and has a market share in India of approximately 25%.

About SMA
The SMA Group with sales of more than €800 million in 2014 is the global market leader for solar inverters, a key component of all PV plants and offers innovative key technologies for future power supply structures. It is headquartered in Niestetal, near Kassel, Germany, and is represented in 21 countries. The Group employs more than 4,000 people worldwide. SMA has an extensive range of products, which offers the right inverters for all module types and plant sizes; for small residential systems as well as large scale plants, grid-connected photovoltaic systems as well as off-grid and hybrid systems. The technology is protected by more than 550 patents. The range of services is supplemented by comprehensive services and operational management of large-scale PV power plants. Since 2008, the Group’s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and also in the TecDAX index.

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