Eaton targets Rs 100 Cr revenue from solar power

NEW DELHI, INDIA: Eaton Power Quality, a subsidiary of US based Eaton Electrical, expects to get Rs. 100 crore revenue in next three year from its solar power solution in Indian market. The company expects this growth to come from remote BTS in telecom sector, solar farms and schemes like energy feeding to grid from solar roof tops installed by consumer.

“We will be launching solar panel enabled hybrid power solution by the end of this year in Indian market, along with some other solar power solutions. We expect all this together will bring revenue of Rs. 100 crore for us in the next three years,” said Deepak Sharma, general manager, SAARC and South East Asia, Eaton.

This hybrid solar power solution will be manufactured in the Taiwan facility of the company and will be imported from there.

In this financial year, Eaton is looking at 15 per cent market share from BTS segment.

“In telecom segment we are seeing demand for power solution because it makes economical sense for them. Getting power from state electricity board for remote BTS makes big dent in their pocket. We cannot predict market growth at this moment but we are seeing good business coming from telecom segment. We would like to maintain our current market share of 15 per cent in this fiscal year,” said Sharma.

Eaton is witnessing low profile demand from BPOs, software companies and datacenters as it is of the view that there is huge existing capacity which is required to be expanded.

The company, in the first half of 2010 will expand its existing range of UPS from 160 KVA capacities to 550 KVA.

In India Eaton has been catering to companies like Reliance, Hughes, Hutch, Bharti Airtel, Escotel, Sify, Motorola, GTL Network, Alcatel-Lucent, Nokia, AT&T Communications apart from clients in other verticals. It expects that the adoption of green technology, which is being preferred because of economic reason, will drive the growth for the company.

“It is very rare that people are adapting green technology because of social responsibility and awareness. It is mostly economic reason which is increasing the adoption of green technology. Therefore in coming days we will focus more on energy efficient and green products,” added Sharma.

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