Delta Electronics plans to invest $500 Mn in India.

Delta Electronics

For last 20 years Delta Electronics has market its presence in India. Headquartered in Taiwan, the company has global revenue of $8 Billion. The areas of operation are Telecom power and renewable energy space. In India the market presence is firm with 75% share in telecom power and 36% in renewable energy. They are leading suppliers of PV inverters in India.

Delta Electronics also supplies UPS for data centres, Information Technology, as well as digital display systems that constitute video walls and projection systems. Now the company is working on advancements in the Lithium-ion battery storage solutions.

Their plans for India are very promising, they are planning to spend $500 million in coming 10 years. The first phase would be of $200-250 million in coming 2-3 years. This investment would majorly be focused at the new factory in Krishnagiri and Research. Currently, they have around 350 R&D engineers and we have a target of increasing this tally to around 2,000 engineers by 2020.

The PV solar inverters are currently undergoing very sharp change and in the coming years Electric Vehicles is another market that is going to expand explosively. With renewables witnessing continuous growth, the demand for storage systems will also rise to back them up for renewable integration application. The development of storage is very important aspect for usage of renewable energy as otherwise we would end up overloading the grid.

Considering the charging solutions, initially the EV charging infrastructure would be mainly developed to back up public transport as they would be the first adopters of the technology. For this the transport infrastructure would be put to use. Buses would be charged at the depot or terminals. The estimated market in coming two years would be Rs 400- 450 crore. only for the e-bus.

In the car segment, the initial pickup would be slow. With players like Mahindra and Tata, but the international brands are expected to dive in and then the charging infrastructure is expected to pick up. Combining both the market would be of about Rs 700 crore. By entering the market at right time the company expects to reap the advantages later.

 

Source: ET Energy World

A group of tech enthusiasts who are tracking latest developments in CleanTech with special focus on Energy Storage and Electric Mobility

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A group of tech enthusiasts who are tracking latest developments in CleanTech with special focus on Energy Storage and Electric Mobility

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