In August last year, Bazmi Hussain, the managing director of ABB (India), a subsidiary of Swiss engineering major ABB said the company had been buying or investing in companies to expand its Indian footprint. He further added that ABB wanted to get into businesses such as renewable energy, data centres and smart grids — its growth areas of the future.
Indicating the rapid growth of ABB in India, he had then said that at the beginning of the year 2011, the company had no capability to design and build 765 KV transformers. But by July, they had shipped one.
ABB had recently launched its central inverter, PVS800, in the Indian market. The launch was conducted right after the national policy was implemented. Since the launch, ABB India has seen a steady growth in solar inverter orders. Within a year, ABB’s solar inverter business in India had received orders worth a capacity of 90 MW. The major customers have been EPCs such as Tata BP and system integrators and developers with whom working relations have been established.
Earlier this month we had noted that ABB and Siemens were eyeing the renewable energy market in India in a big way.
“We are already in the invertor market in the solar sector,” said Bazmi R Husain, managing director, ABB India. “In December, we acquired stake in the US-based GreenVolts, which makes solar photovoltaic panels with 40% conversion efficiency. In India general conversion rate is 20%. We also acquired a company called Novatec, they offer solar thermal technology. We are going with all of them.”
In its recent announcement of results for the last quarter, the company added yet another feather to its cap in its Indian operations with the announcement that the company had won a $900-million Ultra High Voltage Direct Current (UHVDC) power transmission order in India.
The company further noted that orders rose by 61 percent in Asia on the large power order in India and strong order increases in Australia and Singapore, as well as a 6-percent increase in China. In the Americas, orders grew by 41 percent (11 percent organic), with higher demand in both automation and power. Orders declined 8 percent in Europe, reflecting both slower economic growth.