Renewables can create opportunities for power transmission solutions
India: Increasing quantum of renewable energy fed into the grid can create business opportunities for power transmission, noted Sunil Mathur of Siemens India.
Image source: T&D India
India: Increasing quantum of renewable energy fed into the grid can create business opportunities for power transmission, noted Sunil Mathur of Siemens India.
Siemens Ltd. India MD and CEO Sunil Mathur was speaking at an investor call discussing the company’s financial performance for the year ending 30 September 2021.
Mathur noted that India is moving from 95-100 GW of installed renewable energy capacity now towards its target of 450 GW by 2030. This growth in renewable energy will create instabilities in the grid and that will create further opportunities in power transmission for solutions like STATCOM, FACTS, etc, he said. This area will represent a market for digital power transmission solutions for Siemens, he continued.
Besides, as Mathur put it, digital solutions in the power transmission space can also have a “knock-on” impact on the power distribution networks. This will open up opportunities in smart grids as well as last mile connectivity in terms of decentralized distribution solutions.
Flexible AC Transmission Systems (FACTS) by Siemens represent a solution to ensure reliability and stability of the grid, especially to counter the effect of increasing decentralized renewable energy sources.
With respect to C&S Electric Ltd, a company that Siemens acquired this year, Mathur said that the integrated process was well on track.
A large part of the growth of C&S Electric will come from exports, Mathur said. Siemens has opened up markets in Southeast Asia for C&S and deliveries have also started.
Mathur noted that Siemens was choosing the countries where it wants to brand-label and the others where C&S could access directly. He also said that several of C&S low-voltage products could go directly into panels. “Overall, we are pretty happy with the way the integration is moving, particularly from a market and product development perspective,” Mathur remarked.
Source: T&D India
#C&S Electric#digital power transmission solutions#renewable energy#Siemens Ltd.