The Spanish multinational has opened two offices, one in Mumbai and another in New Delhi, in order to support the monitoring and energy management of photovoltaic plants throughout the country. India currently has an installed PV capacity of 600MW and is a market with enormous growth potential.
Mumbai and New Delhi in India are the cities which GreenPowerMonitor has chosen to host its new regional centers. The Spanish company, a leader in photovoltaic solar monitoring solutions, portfolio management software and data analysis thus takes a further step in its international expansion strategy.
Currently India is considered a country of great growth potential with ambitious targets to install 20,000 MW of solar power by 2022, as declared by the National Solar Mission.
Juan Carlos Arevalo, the company’s CEO said: “The monitoring market in India is still very immature, but the benefits which a strong partner in PV monitoring and management such as GPM can bring are evident and will help us position ourselves quickly in the new market.”
With its coverage of the entire Indian subcontinent, GreenPowerMonitor consolidates its international expansion with six branch offices around the world. The two main objectives of the company were on the one hand to achieve 1GW of monitored power and on the other, to strengthen its internationalization with a steady expansion of GreenPowerMonitor into emerging markets.
GreenPowerMonitor has met its first goal ahead of schedule and currently monitors over 1.2 GW of solar PV production at over 900 facilities.
After more than 7 years providing solutions for monitoring and information management in Europe, the second objective was sustained internationalization, following the company’s strategy of betting on emerging markets in solar photovoltaics.
For more than 4 years GreenPowerMonitor has been present in Italy, with more than 450MW now monitored. It was followed by Greece and the United States with 80 MW achieved in just 1 year.
GreenPowerMonitor’s goal is to provide personalized service to customers around the world. The company specializes in managing large portfolios, but also offers installers and customers a powerful web tool which provides energy and financial reporting for smaller installations and those behind-the-meter.
Given the company’s strong financial performance GreenPowerMonitor is keeping an open mind toward attacking new markets by opening new offices in South America and South Africa.