AEG Targets $687 Million of Clean-Energy Sales in 2012, FAZ Says

AEG Power Solutions BV is targeting 500 million euros ($687 million) in renewable-energy sales next year as it grows in India, Frankfurter Allgemeine Zeitung reported, citing Chief Executive Officer Horst Kayser.

AEG Power, a unit of Netherlands-based 3W Power SA, expects its new factory in Bangalore, which makes inverters used in solar plants, to benefit from India’s plan to install 20,000 megawatts of panels by 2020, Kayser told the newspaper.

To contact the reporter on this story: Stefan Nicola in Berlin at

To contact the editor responsible for this story: Reed Landberg at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.