Conergy to expand India network Germany’s Renewable Energy Co Has Already Set Up Manufacturing Unit
GERMAN renewable energy major Conergy is negotiating to acquire a number of local companies engaged in the business of distributing solar energy products in the country. It is also evaluating options for its second phase of expansion in India. One of the thrust areas for Conergy in India is rural electrification projects. The company has commissioned a manufacturing unit for solar modules and components in Bangalore. “Besides our organic expansion plans we are also in a due diligence-stage to acquire some local distributors in India to expand our network. In terms of infrastructure, we have commissioned the Bangalore facility as part of the first phase. Depending on how the business progresses, we should be looking to launch the second phase of expansion by next year,” said Conergy India’s country manager Raveendra Kamat. The company operates through three divisions globally: Conergy which sells solar modules and solar units, Epuron which plans, finances and executes renewable energy projects and SunTechnics which plans, implements and installs solar and bio-energy units. While SunTechnics has been present in India for the past two years, Conergy has started only this year.