Schneider Electric India has lined up an investment of Rs 3,200 crore by 2026 to increase its footprint in the country. The investments to expand the operations will be made in nine states by adding 1.2 million sq. ft. of space.
These investments will be spread over the states of Gujarat, Telangana, Karnataka, West Bengal, Odisha, Tamil Nadu, Maharashtra, Himachal Pradesh, and Uttarakhand. As a major focus area, the energy management firm has set a target to become net-zero in its operations by 2030, and achieve an end-to-end carbon neutral value chain by 2040.
Currently, the company is managing over 700 MW of renewable energy power purchase agreements (PPAs) and providing sustainable solutions for on-site solar installations, as also towards off-site solar and wind energy procurement.
Besides, the company’s Luminous brand offers inverters, batteries, and solar energy solutions which power households in India. It is also supplying 1.5 million prepaid smart meters to Energy Efficiency Services (EESL) in Bihar, Haryana, and Uttar Pradesh and seeks to continue the rollout for the projects under the revamped distribution sector scheme (RDSS) scheme.
Schneider Electric India, a subsidiary of Schneider Electric, operates 30 factories in the country. Of these, five smart factories are located at Hyderabad, Bengaluru, and Chennai.
