German based SMA lunar Technology AG, a solar energy apparatus dealer has announced setting up of its wholly owned Indian subsidiary, SMA Solar India Pvt Ltd in Mumbai, reiterating the increasing attention of worldwide players in the Indian solar segment.
The company already has 200 MW of trade in India since 2010 across all sectors from Off Grid, Roof tops and utility scale Power plants.
SMA is the world’s largest producer of inverters for lunar photovoltaic modules and has attendance in over 19 countries of the world. In India, SMA Solar would set up two service hubs in Ahmedabad and Mumbai and would look to invest significantly in Research & Development.
“Our physically powerful global presence, and expertise in this space spreads to more than 18 countries across the world and the company’s India development is consistent with its general growth strategy for increasing global market share. We see India will become one of the top markets in PV industry”, said Mr. Marko Werner, Chief Sales Officer and Board Member, SMA Solar Technology AG
” Encouraging policies both by central government as well as state government are in place to enhance the adoption of renewable energy include Solar. An approximation is that India will have more than 20GW of solar power by 2020. These numbers are likely to be upwardly revised during the next 5 year country planning cycle from 2012-2017″, said Mr. Rakesh Khanna, General Manager, SMA Solar India Pvt. Ltd.
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