Connect with us

Hi, what are you looking for?

CleanTechnica
One of the world’s leading solar inverter manufacturers, SMA Solar, has announced that it managed to secure a 26% market share in the Indian solar power market last year.

Clean Power

SMA Solar Shipped 1 Gigawatt Of Solar Inverters To India Last Year

One of the world’s leading solar inverter manufacturers, SMA Solar, has announced that it managed to secure a 26% market share in the Indian solar power market last year.

Originally published on CleanTechies.

One of the world’s leading solar inverter manufacturers, SMA Solar, has announced that it managed to secure a 26% market share in the Indian solar power market last year.

In a press release issued recently the company claims that it shipped 1 gigawatt worth of solar inverters to the Asian country in 2016. The shipments in 2016 doubled from those during the preceding year. About 4 gigawatts of solar capacity was installed in India last year.

“SMA has nearly doubled its total installed inverter base in India in 2016 alone. Among other projects, our central inverters have been used to build the largest solar power plant in India to date,” said John Susa, SMA Executive Vice President Sales Asia Pacific.

“This is a great success, as the Indian market is of strategic importance for SMA. With a market share of 26% in 2016, we are strongly positioned in this growth market. Our dedicated local sales and service team will continue to support our long-term Indian partners, leading developers and EPCs, with our high-quality product solutions and first-class services. There are significant performance and financial benefits to our customers in using SMA inverters in their large-scale PV power plants.”

The company also reported that its inverters will be used at the country’s largest solar power project, perhaps referring to the 500 megawatt project being developed by Greenko Energy Holdings. The project was earlier secured by SunEdison through competitive auction. The project would be second-largest solar power project to be commissioned at a single site and by a single developer in India.

In December last year, Greenko Energy Holdings placed an order with SMA Solar for procurement of 616 megawatts of solar inverters. The inverters — Sunny Central 1000CP XT — will be supplied for projects located in the states of Andhra Pradesh and Karnataka.

SMA Solar’s main competitor, ABB India, commanded a 50% market share at the end of 2015. ABB India had supplied inverters to 2 gigawatts of the 4 gigawatts of solar capacity operational at the end of 2015.

Reprinted with permission.

 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
 

Advertisement
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

An avid follower of latest developments in the Indian renewable energy sector.

Comments

You May Also Like

Clean Power

The last 3 months have demonstrated a surge in solar installations in India. If this rate continues, coal-fired power could peak in 2024 and...

Clean Power

IEEFA says building new coal fired plants in India is bad economics.

Clean Power

In a major boost to its aggressive plans to increase renewable energy generation, India’s largest power generation company has secured approval to set up...

Clean Power

Originally published on NRDC Expert Blog. By Sameer Kwatra, Co-authored with Nitish Arora India, the world’s fourth-largest renewables market and fifth-largest automobile producer, is also the world’s...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.