MAG formed new Renewable Energy business unit
BANGALORE, INDIA: MAG, machine tool and systems company serving the durable-goods industry worldwide with complete manufacturing solutions, has recently formed a new Renewable Energy business unit providing automation solutions for solar panel and wind turbine manufacturing.
The company shared that it will execute a turnkey contract to build India’s largest solar power plant for G S Power, construction for which will start this September and is scheduled to be completed in record time, said a press release.
Dr. Siegfried Schmalzried, head, Renewable Energy, MAG Europe, said, “The new renewable energy business is off to a strong start. We have already secured over 20 million Euros in contracts which represents an approximate 30 per cent share of our targeted market.”
"While our business unit is new, MAG is already firmly established in the renewable energy sector, having quietly built a worldwide leadership position in automated manufacturing systems for solar panels. We have supplied more than 30 automated production lines for solar panels in all regions of the world in the last five years and our systems have reduced manufacturing costs for solar panels to record lows,” he further added.
Eswari Prasad, president, MAG India, said, “The Indian solar PV industry has grown to 300 MW capacity in the last two years and is expected to touch 1000 MW of in capacity by 2012. The targets set by National Solar Mission are really challenging and it would be good learning curve for each and every one of us. MAG’s experience spans the entire Solar sector to include solutions for PV modules manufacturing (Crystalline Silicon or Thin Film) with ramp-up options and dedicated production support. We look forward to providing cost effective and efficient turnkey solutions from design to implementation of Solar power plants for Grid connected and roof top installations for off grid support”.
The company has supplied solutions ranging from semiautomatic modules to complete turnkey factories in all corners of the world for panels that utilize the latest materials technology.
Source: http://www.ciol.com/Semicon/Solar/PV/News-Reports/MAG-forms-renewable-energy-solutions-unit/139456/0/
