Schneider Electric enters the renewable energy market in India with Xantrex™

Schneider Electric India, a fully owned subsidiary of a Paris headquartered Schneider Electric SA, a global specialist in energy management, today announced its entry into the renewable energy market with the launch of the Xantrex range of Renewable Energy Products. The Xantrex range has been rebranded as Schneider Electric globally to help offer customers increased access to a wider range of integrated solutions. Schneider Electric, with Xantrex, is now a world leader in the development, manufacturing and marketing of advanced power electronic products and systems for the renewable power market. It specializes in inverters and gateways to solar & wind plants that convert the direct current produced by “clean” generators such as photovoltaic panels or wind turbines into alternating current which is required by electronic equipment and the electricity grid.

Speaking about the launch Mr. Olivier Blum, Managing Director, Schneider Electric India said, “The launch of Schneider Electric renewable energy solutions marks our entry into the expanding Indian renewable energy market. The new renewable solutions complement the existing Schneider Electric integrated solutions making energy safe, reliable, efficient, productive & green for our customers from plant to plug”. The renewable business is poised for continued high growth. Demand is expected to remain strong, driven mainly by increasing costs of fossil energies, sensitivity to environmental concerns and financial incentives. In India, the Government has taken a major step towards driving sustainable development with the announcement of the ‘Jawahar Lal Nehru National Solar Mission’ targeting 20,000MW of installed solar power by 2022. The programme further promotes off grid applications reaching 2000 MW by 2022.  It also aims at deploying 20 Million solar lighting systems for rural areas. Schneider Electric’s Xantrex range of products which have been launched in India consist of Change Controllers, MPPT Solar Change Controllers, Solar Invertors / Chargers, Grid Tie Inverters and Off Grid & Hybrid Inverter Chargers. These products will be distributed through a nation-wide distribution channel and supported by Schneider Electric’s nation-wide service network.

About Schneider Electric
As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in energy and infrastructure, industrial processes, building automation, and data centres/networks, as well as a broad presence in residential applications. Focused on making energy safe, reliable, and efficient, the company’s 100,000 plus employees achieved sales of 15.8 billion euros in 2009, through an active commitment to help individuals and organizations “Make the most of their energy”.

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