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Gamesa announces India expansion plans with an investment of Rs. 5 billion

Wind energy has witnessed a lot of activity in recent times in India. Panchabuta, has earlier talked about the  Generation Based Incentives (GBI) scheme for grid connected wind power projects with the objective of broadening the investors base by attracting FDI and independent power producers.

As readers of Panchabuta are aware, India had 11,800 MW of wind power installed at the end of March 2010 according to the Indian Wind Energy Association, making it the world’s fifth largest wind power market.

The  installation  in India being range bound  between 1470-1750MW  a year over the last five years and the installed capacity for 2009-10 was around 1565MW. This year the expected capacity is close to around 2200MW according to officials and around 450 MW is expected to be covered under GBI.

According to reports:

 Spanish wind turbine manufacturer Gamesa is expanding its presence in India by putting up three more facilities that will make various parts for the wind turbines. The company will invest about Rs 500 crore in units that will make blades, towers and nacelles the report further added.

..The units to make blades and towers will come up near Vadodara in Gujarat, and the one that will make nacelles near Chennai. Apart from the investment in these plants, Gamesa will also invest in building a land bank for wind energy projects. The blade factory and the unit that will fabricate the towers, which will be through a joint venture, will be ready by September and the nacelle unit by the first quarter of 2012.

In 2010, Gamesa installed about 140 MW – it sells 850 kW turbines – and hopes to sell more than three times that number, about 500 MW, in 2011. Gamesa, according to Mr Calvet, will launch the 2 MW turbine in India. The prototype will be ready later this year and the commercial launch will happen by next March, according to Mr Ramesh Kymal, Chairman and Managing Director of the Indian subsidiary, Gamesa Wind Turbines Pvt Ltd.

…Gamesa India, which has invested about Rs 300 crore on its Red Hills plant, has opened a research and development centre on Chennai’s IT corridor. It hopes to employ about 100 engineers by the year-end. “It will be integrated with what we are doing worldwide. A lot of work being done in Spain will be passed on to the R&D centre here,” says Mr Kymal.

A number of good initiatives has been planned by Gamesa including that of acquisition of land bank for wind energy projects. As more and more IPPs are emerging and with the incentives for GBI, developers are looking to the WTG to also back up as a turnkey solution provider. Suzlon has a clear lead in this with a complete ecosystem in place and Vestas has also done impressively.

The reasons for the requirement of big land bank includes that of the time involved in acquisition and clearances for such projects, the issues related to evacuation and other logistics issues.

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