The company registered a 200 per cent year-on-year growth in the renewables segment with about 8.5 GW of cumulative solar orders from major energy companies.
Opportunities in renewable integration, digitalization of power networks and sustainable transport solutions like rail and metro have helped the company to deliver a robust performance in an unprecedented year impacted by the COVID-19 pandemic.
Due to good activity in solar and wind sector they have been able to get transformer and sub-station orders from large players in the renewables segment from different parts of India.
Hitachi ABB Power Grids offerings are not limited to integration, but also extend to efficient transmission of utility scale renewable power, with minimum footprint, which is coupled with process automation and asset management that offer intelligent insight into mission critical assets.
Hitachi ABB Power Grids is also looking at green corridors as a major potential business, is hopeful of getting more projects in this segment. Green corridors are dedicated power transmission systems for RE.
Out of the nearly 20 green corridor projects which are to tendered, 14 are under bidding currently. The Covid-19 pandemic delayed the project offering, but Hitachi is hopeful of enhanced activity in this space.
Reference- Hitachi Online Newsroom, Business Standard, Economic Times, The Hindu