Siemens foray into solar photovoltaic plant business

15 Dec 2011

Siemens Ltd, the Indian unit of Germany's Siemens AG, will foray into engineering, procurement and construction solutions (EPC) business for solar photovoltaic plants in India. The engineering firm has already executed 160 MW solar projects over the world and more than 1,200 megawatts of equipment supply for solar projects.

India plans to build an initial capacity of 1 GW of solar power by 2013, enough to power close to 1 million homes. It would then add 3-10 GW by 2017, and hopes to grow that to 20 GW by 2022. The country has so far commissioned solar projects with capacity of about 186 megawatt, of which 40 MW worth of off-grid projects were commissioned in 2011.

Related Siemens Ltd. Links:

Siemens Share Price

1624.50 41.05 (2.59%) Jan 24, 18:01
1 Year Price Chart
Peers
Company Name CMP
Siemens 1624.50
ABB India 1321.80
Havells India 622.85
CG Power & Indl.Soln 9.22
Apar Inds 409.45
View more..
Sensex vs Siemens
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463