JUNE-JULY 2018 JAN-FEB 2018 | Page 9

NEWS Siemens to manufacture new generation of photovoltaic inverters in India Siemens India launched with Sinacon PV a new generation of photovoltaic (PV) central inverters with an output up to 5,000 kVA. The inverter is part of the Siemens new electrical Balance of Plant (eBoP) solution for PV power plant installations. The state-of-the-art Sinacon PV inverter will be locally produced and manufactured at Siemens’ Kalwa plant near Mumbai for the domestic market as well as for export into the region. The Indian renewable energy sector is the second most attractive renewable energy market in the world Crossing 14 GW of already installed solar capacity, the Government is firm on its ambition of 100 GW of installed solar generation by 2022. Harald Griem, Executive Vice-President and Head of Energy Management, Siemens Ltd, said that Siemens is committed to partner with the Government in its endeavor to increase use of clean energy sources. The National Solar Mission of the Government aims to establish India as a global leader in solar energy and Siemens aspires to contribute to this with local value- addition in line with Make in India. A solar PV inverter converts the variable direct current (DC) output of a photovoltaic solar panel into a utility frequency alternating current (AC) that can be fed into a commercial electrical grid or used by a local, off-grid electrical network. The Sinacon PV is equipped with 3 level IGBT modules, has an outdoor design for harsh environments with fluid cooling and can operate up to 60°C ambient temperature. As a lea ding supplier of transmission, distribution and smart grid solutions, Siemens intends in addition to the inverter manufacturing also a local assembly of medium voltage inverter stations. The new Siemens inverters and medium voltage inverter stations target large scale, ground mounted solar PV power plants, comprising of comprehensive eBoP solutions. The eBoP solution enables solar power to be intelligently integrated into the grid. The portfolio includes all electrotechnical equipment needed. Siemens offers complete end-to-end planning, engineering, and financing, all the way to commissioning and service, including optimum interconnection of energy storage systems and even complete microgrids. Sumitomo Corporation becomes first Japanese company to enter condominium development/sales business in India Sumitomo Corporation of Japan has partnered with the Krishna Group to establish the Indian business company Krisumi Corporation Private Limited and join in the Krisumi City Project, a condominium development project being pursued by the Krishna Group in the northern Indian city of Gurugram in Haryana State. The Project will be the first condominium development/sales project in India featuring participation by a Japanese company. The Project plan is to construct approximately 5,000 housing units as well as commercial facilities and office buildings over a total of eight phases on a site of about 26 hectares, making it one of the largest development projects in Gurugram. The intended construction site is located about 30 kilometers southwest of central New Delhi and about 18 kilometers southwest of Indira Gandhi International Airport, and lies adjacent to National Highway 8 (NH8), the main highway connecting New Delhi and Gurugram. Leveraging its experience in large-scale complex development and more than 50 years of condominium sales, Sumitomo Corporation will be helping devise the master plan for the Project as a whole and the residential plan, as well as working to put in place Japanese-style construction management, sales/ building management methodologies, etc. India’s rapid economic development of recent years has driven an expansion in its middle class, and housing demand is expected to rise still higher in future. Gurugram is a newly emerging city located in the Delhi capital area that is seeing new office buildings and high-rise condominiums going up one after the other as foreign corporations and major IT companies have congregated locally. Sumitomo Corporation is currently engaged in housing development projects in Indonesia and China as well as India, and it is considering new housing development and real estate business elsewhere in Asia. While responding to the growing need for housing as Asian economies steadily grow, Sumitomo Corporation will be further strengthening/expanding its real estate business and contributing to local development while building the foundations for comfortable and exciting living. Conceptual image of fully-completed project www.sumitomocorp.co.jp www.siemens.co.in may 2018 Global MDA Journal 9