|Upbeat about the future prospects of the solar power sector, power and automation technologies maker ABB India Ltd. is working on technology for remote monitoring of solar power plants in order to optimize output of electricity. The company is in talks with various players in the solar power sector and trying to understand their requirements.|
The company's solar division that makes inverters, switch gears and provides operation and maintenance solutions for solar power units plans to focus on emerging roof-top solar power generation market as it sees big potential in it in the coming years.
The engineering major also wants to cash in on its recently launched solar pump drives which have been re-engineered for India to meet requirements of uninterrupted and reliable power supply for the rural market and agricultural sector. With the union government allocating Rs. 400 crore for such solar pumps in the budget, the company sees a scope of 25 per cent rise in sales in 2014-15. With over 300 sunny days a year, the solar pump drives could help farmers maximise the benefits of solar power, while reducing dependency on the conventional grid power.
"We are a company with a long term perspective in renewable energy sector especially solar and wind power. We want to grow in this sector by building on our key competencies power and automation technologies,"said A H Kawdikar, vice president, country head (solar).