AEG Power Solutions has inaugurated its new 400MW PV manufacturing factory in Bangalore, India. Initially, the 80,000-square-foot site, which employs 150 people, will produce AEG’s PV250 and PV500 series inverters, although plans are already underway to ramp up capacity to include uninterruptible power supplies (UPSs).
“India invests high amounts of money in solar energy and is one of the most important markets for AEG PS. With a local production, we strengthen our customer relationship in focusing on the specific demands,” said Horst Kayser, AEG’s chief executive officer.
India is one of the world’s fastest-growing solar markets and AEG has been established in the country since 2006; in the last six months, the company has secured supply contracts with major OEM’s and solar farm developers worth 39MW and 45MW for total solutions equipment and monitoring systems respectively.
“The new factory, which was built with the assistance of experts from the German subsidiary in Belecke/Warstein (North-Rhine Westphalia), creates the basis to deliver products into the Indian market under competitive conditions,” added AEG’s chief operating officer Jan Sickmann.
The official opening of AEG’s new facility caps off a good week for India’s PV industry – on Wednesday, Moser Baer India completed India’s largest power plant. The 30MW system dwarfs the country’s second-largest installation and is a major step forward in the country’s Jawaharlal Nehru National Solar Mission.