SAMSUNG R&D CENTRE IN BENGALURU SHIFT TO GREEN ENERGY

Samsung’s largest R&D centre outside of Korea, adopted the green energy solution through ‘energy wheeling’ which will drive the India solar energy market.

India: Samsung’s R&D centre in Bengaluru (SRI-B) has switched to solar power for its campus in India’s technology capital. The campus will draw 88% of its power requirement from a solar farm in Kalburgi district in Karnataka, about 500 km away from the city. Samsung R&D Institute initiated the process of going solar in March 2016 as part of its Go Green Initiative to increase usage of non-conventional energy sources for its campus. This would reduce its reliance on the traditional power grid, making that energy available for other uses, the company said in a press release.

Solar Photovoltaic (PV) MarketDipesh Shah, Managing Director at the institute said “Our switch to solar power is an embodiment of Samsung values of being a socially and environmentally responsible citizen. Through this initiative, we have not only reduced our dependency on conventional sources of energy but we will also have a positive impact on the environment by reducing our carbon footprint and passing on a greener planet to the next generation”

According to Rishi Mallarh, analyst at BlueWeave ConsultingSamsung R&D Institute India is a key innovation hub in the Samsung group. The specific purpose of SRI-B in the Samsung family is twofold: to create USPs for global flagship devices with by creating significant advancements in Modem, Multimedia, AI, Internet of Things, and to make for India by catering to the specific needs of Indian consumers. The solar farm by Bagmane Green Power LLP based in Kalburgi has a tie-up with SRI-B. Through ‘energy wheeling’, solar farm adds the required power to the state electricity grid and SRI-B in turn, receives an equal amount of power from the local electricity grid. This method reduces transmission and distribution losses, thereby making it more energy efficient.

Solar Energy is an ideal long-term source of clean energy that can be used as a viable alternative to currently prevalent nonrenewable sources such as coal, gas, and oil. India renewable energy sector is the fourth most attractive renewable energy market in the world. The growth of the renewable energy market is driven by an increase in environmental pollution and provision of government incentives & tax rebates to install solar panels

According to the upcoming report by BlueWeave Consulting on “India Solar Photovoltaic (PV) Market By Type (Utility Scale, Rooftop), By Technology (Fixed Tilt, Single-axis Tracker), By Region (North, West, East & South); Size and Forecast, 2014-2025” The Indian solar photovoltaic market has seen tremendous growth over the projected period. Various subsidies and incentives provided by the government have created a good amount of awareness and agreeableness among the end users for adopting solar power as an alternative source of energy over conventional sources. With increasing focus of the government on the development of the renewable energy sector, technical improvements, solar power cost, and the price will drive the solar photovoltaic market in India.

According to BlueWeave Consulting upcoming report, Titled- “India Solar Power Equipment Market, By Equipment (Solar Panels, Mounting, Racking, & Tracking System, Storage System, and Others) and By Application (Residential, Nonresidential, and Utility), By Region (North, West, East & South); Size and Forecast, 2014-2025, The India solar equipment market witnessed robust growth over a forecast period due to technology advancements and improvements in manufacturing processes. However, rising government investments in the sector, increasing technological advancements and growing environmental concerns are expected to boost solar equipment market over the forecasted years.

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