BW Communities

Delta Electronics To Set Up $15-Mn Plant In TN

Anup Jayaram Nov 08, 2014

<?xml version="1.0" encoding="UTF-8"?><root available-locales="en_US," default-locale="en_US"><static-content language-id="en_US"><![CDATA[The $ 6.6-billion, Taiwan-based Delta Electronics is investing $15 million to set up a manufacturing facility for solar inverters at the SIPCOT Sriperumbudur Hi-Tech SEZ, near Chennai. The plant is expected to be operational by mid-2012. Close to 70 per cent of the output will be exported, while the balance will meet the rising demand for solar inverters in India. Says Bruce CH Cheng, chairman, Delta Electronics: "With global warming becoming a major issue across the world, this is a huge opportunity for us." With this plant, the total investment of Delta Electronics in India will exceed $ 60 million. The Chennai plant is the fourth plant of Delta Electronics in India after those at Gurgaon, Pondicherry and Rudrapur in Uttarakhand. These plants produce telecom power systems, uninterrupted power systems and display solutions.  Cheng who is a votary of green buildings is bullish about the Indian operation of Delta. Says Cheng:  "The rapid growth of the Indian economy means it will need solar solutions to raise power capacity." Delta which has been in India for close to a decade is looking to ramp u[ its operations here. During the last fiscal, the Indian operations had revenues of $ 154 million, which is expected to touch $ 200 million this year. The solar inverter is the heart of the photovoltaic (PV) system. The grid-tied inverter will not operate when they do not detect the presence of the grid. It contains special circuitry to match the voltage and frequency of the grid. These inverters shut down automatically upon loss of utility supply, for safety reasons. These will come in handy as India is looking to have a 20,000 mw solar power capacity under the Jawaharlal Nehru National Solar Mission.