According to a report today, Kailash Tarachandani is new CEO of Kenersys India. Tarachandani previously worked at Vestas Wind Systems as Director based in Mumbai looking after sales and business development with focus on IPP segment.
“We are very pleased to appoint Kailash Tarachandani as the new CEO of Kenersys India. His in-depth knowledge and understanding of the power sector and the wind industry combined with his 20 years experience in strategy and business development in India and across the world is a strong asset for our company”, says Paulo Fernando Soares, CEO of Kenersys Group. “We are confident that Kailash Tarachandani has the right qualifications to further developing Kenersys as a leading premium vendor of multi-megawatt turbines in India,” he adds.
Tarachandani previously worked at Vestas Wind Systems as Director based in Mumbai looking after sales and business development with focus on IPP segment. Prior to this experience, he also served in Alstom Power (Switzerland) managing Global Strategic Projects and Product Management He started his career at Larsen & Toubro Limited.
Tarachandani says: “I am excited to be part of the Kenersys family and hope to face the challenges with a team of highly-experienced wind power professionals in the upcoming future and in this exciting market.
In the last three years Kenersys has built up the turbine platforms and facilities, now we count renowned customers among our clients and we have ambitious plans to spearhead the rapidly expanding market of multi-megawatt turbines.
We have one of the largest turbines in the market and, with our cutting-edge Synerdrive Technology, we provide premium, high quality and highly efficient turbines and premium services for a maximum output and grid stability, ideally suited for Indian conditions.
Just a couple of days back, as Panchabuta had reported, $2.5 billion Kalyani Group had announced big plans in the wind power industry.
Further, with their turbine size and hence pricing, it is highly unlikely that they would be able to attract the retail and HNI investors in the wind energy space who have traditionally been the early adopters for wind energy because of the tax incentives and the accelerated depreciation benefits. This is also a highly competitive space, where small fragmented players in the sub megawatt space and Suzlon in the megawatt space dominate the Indian wind market.
There is also active trading and aggregation of second-hand wind mill assets with a generation track record of 2-3 years and this market is witnessing a huge surge with assets to the tune of about 400-500MW being traded in the market. This is triggered partly by retail individuals that are not able to afford the multi megawatt scale new machines and hence opt for these second-hand WTG that suite their budgeted tax planning. There is also aggregation of assets by wind farm developers.
Kenersys seems to have its strategy clear with this hire and their focus on possibly the rapidly growing IPP space in wind energy in India.
Recently as Panchabuta has noted, Reliance and Tata Power have announced ambitious renewable energy growth plans and targets and in both their plans wind figures as one of the key contributors towards that proposed capacity installation.