by Suman Gupta
Mumbai,December 2017 – Fronius India, one of India’s leading supplier of solar PV string inverters, welding equipments and battery charging systems, is aiming to double its turnover by fiscal 2019. Set up in India in 2013, the company has been improving its profitability every year while clocking exceptional growth in its year-on-year revenues.
To achieve this ambitious target in the next two years, Fronius India plans to expand their solar inverter business by entering east and central India, where they see tremendous opportunities for growth. Fronius India has already opened offices in Bangalore, Chennai, Gurgaon and Ahmedabad for its solar operations.
Fronius India currently services solar clients across sectors like Manufacturing, Automotive, Hospitality, Government, Educational Institutions and Commercial. Fronius solar inverters have been successfully deployed across cities like Pune, Kolhapur, Nasik, Bangalore, Hyderabad, New Delhi, Ranchi, to name a few, resulting in over 100 MW of solar installations till date.
Commenting on aiming to achieve a considerable increase in market share, Mr V.V Kamath, Managing Director, Fronius India said, “Given the rate at which the solar industry is booming, we are expecting high returns by 2019. Currently, we have a market share of 5.2% and are expecting it to increase to 20% in the next two years. When we entered the solar market back in 2014, a handful of other players had already created a strong base by then. However, we were able to strengthen our position in the market through the high quality products and services we had to offer.”
Solar inverters from Fronius are of world class quality and include upto a 20 year warranty. Products are available in a wide choice of models and are easy to install, repair and service at site. Fronius inverters help to maximize the yield of PV systems and stabilize the grid, thanks to advance grid functions implemented on all our devices. Quick repairs are possible due to unique Snaplnverter design, and hence ensure minimum down time and service cost. Fronius solar inverters are future ready and are already capable of meeting the requirements of the grid of tomorrow.
India’s solar power sector is at an inflection point and is all set for speedy acceleration. The Government has set an ambitious target of installing 100 gigawatts of solar power by 2022.
In the four years since the company entered the Indian market they have completed over 5000 inverter installations in about 20 states across India and have a client base of over 250 companies, like Fourth Partner Ltd, Sunshot solar, Rely on Solar, to name a few.
Commenting on the range of Fronius inverters, Mr. Prashanth Kumar, MD of APS Bangalore said, “We have been using Fronius solar inverters for the last two and a half years. They have always offered a wide and flexible choice. Thanks to their R & D focus, Fronius products reflect the latest technical innovations. Their after sales service also has been commendable.”
Mrs. Meenakshi Sharma, MD of Medors Renewable Energy Pvt Ltd said, “We are very happy with the performance of Fronius solar inverters. They have proven to be a complete package of reliability, cutting edge technology and maximum yield dependability. Fronius inverters come with a complete communications package which makes monitoring easy.”