DGAP-News: 3W Power S.A. / AEG Power Solutions : AEG Power Solutions inaugurates power electronics factory in India
(firmenpresse) - DGAP-News: 3W Power S.A. / AEG Power Solutions / Key word(s):
Miscellaneous
3W Power S.A. / AEG Power Solutions : AEG Power Solutions inaugurates
power electronics factory in India
13.10.2011 / 08:30
---------------------------------------------------------------------
AEG Power Solutions inaugurates power electronics factory in India
- Presence in the huge Indian market marks a further milestone in the
globalization strategy of AEG PS' Renewable Energy segment
- Annual factory capacity of solar inverters is about 400 MW
- AEG Power Solutions offers a seamless product line, which perfectly
supports the Indian solar energy plan
Zwanenburg, The Netherlands/Bangalore, India, October 13, 2011 - AEG Power
Solutions, manufacturer of power electronic systems and solutions for
industrial power supplies and renewable energies, inaugurates today its
power electronic factory in India. This opening underlines the high
engagement of AEG PS on the Indian subcontinent. At the 80,000 sq ft
production site in Bangalore, AEG PS produces the two successful solar
inverter series PV250 and PV500. The facility has a capacity to manufacture
products generating 400 MW per year with approximately 150 employees. In
the new plant, the next stage of completion foresees the production of
uninterruptable power supplies (UPSs).
'India invests high amounts of money in solar energy and is one of the most
important markets for AEG PS. With a local production, we strengthen our
customer relationship in focusing on the specific demands', explains Horst
J. Kayser, Chief Executive Officer of AEG Power Solutions.
Since 2008, the Indian government follows a National Action Plan on Climate
Change, where the extension of solar energy plays a key role. Huge
photovoltaic fields, solar power plants and rooftop installations should
generate 1,000 MW of power by 2013. Besides this, it is planned to produce
further 200 MW by solar systems, which are not connected to the public
power network. Under the plan, the use of solar-powered equipment and
applications would be made compulsory in all government buildings, as well
as hospitals and hotels.
In 2006, AEG PS started its successful Indian operations. In the last 6
months, AEG PS has been awarded total solutions equipment for 39MW and
Monitoring Systems for 45MW from major OEM's and Solar farm developers.
'The new factory, which was built with the assistance of experts from the
German subsidiary in Belecke/Warstein (North-Rhine Westphalia), creates the
basis to deliver products into the Indian market under competitive
conditions', mentions Jan Sickmann, Chief Operating Officer of AEG Power
Solutions. 'Our success in India confirms our strategy for the two segments
'Renewable Energy' and 'Energy Efficient Solutions' and helps our
international growth as part of our Agenda 2012', continues Horst J.
Kayser.
Besides the solar market India is especially interesting for AEG PS through
the energy strategy as a whole. 'The growing energy demand of the country
causes also a higher demand for products, which guarantee an
uninterruptable power supply and create a reliable infrastructure for
industrial power users. AEG PS offers a consistent product portfolio
covering all these demands perfectly', reports Sridhar Murthy, Managing
Director of AEG Power Solutions in India.
The new facility in Bangalorewill be officially inaugurated by Horst J.
Kayser, CEO of AEG PS in presence of Mr Tarun Kapoor, Joint Secretary,
Ministry of New and Renewable Energy, Government of India and Mr NS
Prasanna Kumar, Managing Director of Karnataka Renewable Energy
Development Limited.
-- End of Announcement -
Characters: c. 3,200
About AEG Power Solutions
AEG Power Solutions Group is a global provider of power electronic systems
and solutions for all industrial power supplies and offers one of the most
comprehensive product and service portfolios in the area of power
conversion and power controlling. The two complementary operating business
units Renewable Energy Solutions (RES) and Energy Efficiency Solutions
(EES) are serving customers worldwide. The RES product and service
portfolio consists of systems and solutions for solar power plants like
solar inverter, monitoring and control systems as well as power controller.
The EES product and service portfolio includes high performance
uninterruptable power supplies (USPs), industrial power controller and
DC-converter.
Thanks to its distinctive expertise, bridging both AC and DC power
technologies and spanning the worlds of both conventional and renewable
energy, the company creates innovative solutions for smart grids.
AEG PS' footprint is global including 17 subsidiaries and competence
centers around the world, employing 1,650 employees.
AEG Power Solutions Group is the sole subsidiary of the holding company 3W
Power S.A. (WKN A0Q5SX / ISIN GG00B39QCR01), based in Zwanenburg in the
Netherlands. Shares and warrants of 3W Power are admitted to trading on
NYSE Euronext, Amsterdam (ticker symbol: 3WP and 3WPW, respectively).
Additionally, the shares are traded on the Frankfurt Stock Exchange (ticker
symbol: 3W9)
For more information go to: www.aegps.com.
This communication does not constitute an offer or the solicitation of an
offer to buy, sell or exchange any securities of 3W Power. This
communication contains forward-looking statements which include, inter
alia, statements expressing our expectations, intentions, projections,
estimates, and assumptions. These forward-looking statements are based on
the reasonable evaluation and opinion of the management but are subject to
risks and uncertainties which are beyond the control of 3W Power and, as a
general rule, difficult to predict. The management and the company cannot
and do not, under any circumstances, guarantee future results or
performance of 3W Power and the actual results of 3W Power may materially
differ from the information expressed or implied in the forward-looking
statements. As a result, investors are cautioned against relying on the
forward-looking statements contained herein as a basis for their investment
decisions regarding 3W Power.
3W Power undertakes no obligation to update or revise any forward-looking
statement contained herein.
For more information:
Claire Pairault
Director Communications
AEG Power Solutions
Phone: +33 6 19 60 91 64
Mobile: +33 1 55 51 10 76
Email: claire.pairault(at)aegps.com
Christiane L. Döhler
M. A. - Exec. MBA HSG
DOEHLER COMMUNICATIONS
Phone: +49 89 51616810
Mobile: +49 175 2905054
Email: cd(at)doehler-communications.com
End of Corporate News
---------------------------------------------------------------------
13.10.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: 3W Power S.A. / AEG Power Solutions
Weerenweg 29
1161 AH Zwanenburg
Netherlands
Phone: +31 20 4077 800Fax: +31 20 4077 801
E-mail: claire.pairault(at)aegps.com
Internet: www.aegps.com
ISIN: GG00B39QCR01
WKN: A0Q5SX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, München, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
142086 13.10.2011
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 13.10.2011 - 08:30 Uhr
Sprache: Deutsch
News-ID 75622
Anzahl Zeichen: 2731
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 240 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: 3W Power S.A. / AEG Power Solutions : AEG Power Solutions inaugurates power electronics factory in India"
steht unter der journalistisch-redaktionellen Verantwortung von
3W Power S.A. / AEG Power Solutions (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
