In Short : In order to strengthen India’s clean energy supply chain and encourage the use of solar energy and other renewable resources, Hitachi Energy announced an investment of ₹300 crore to expand its facility in Mysuru.
Encouraging Innovation and Strategic Growth
The expansion will support the integration of solar panels, solar systems, and grid technologies necessary for India’s transition to sustainable power by enabling advanced manufacturing for power equipment.
Maintaining Equity While Developing Technological Capabilities
This investment guarantees fair access to dependable clean energy, boosts domestic production, and lessens reliance on imports. With investor confidence linked to the share prices of companies like Solar Industries and SW Solar, the move is also anticipated to have a positive impact on the renewable energy sector.
Impact and Significance of Clean Energy
Hitachi Energy is assisting India in achieving its sustainable development goals by bolstering its domestic infrastructure, lowering its dependency on non-renewable resources, and facilitating the widespread use of green growth solutions like solar lighting and battery storage.
Concerning Hitachi Energy
Leading the energy transition with technology is Hitachi Energy. In line with the country’s long-term renewable power vision, its investment in India fosters digital innovation, superior manufacturing, and clean energy integration.
