GE (NYSE: GE) announced last month that its Energy business has entered into an agreement to acquire approximately 90 percent of Converteam, a leading provider of electrification and automation equipment and systems, from a controlling shareholder group that includes management, Barclays Private Equity and LBO France, for approximately $3.2 billion.
Converteam’s wind customers in India include RRB Wind Energy and WinWinD to whom they supply their converters for wind turbines generators.
Converteam’s test benches for wind are used by Suzlon, Vestas and Gamesa among others.
Converteam has also announced plans to market their utility-scale grid connected inverters and turnkey electrical solutions for Solar power projects in India.
Panchabuta had then analyzed the impact of the acquisition on Converteam’s business in India.
According to a release, the company has received a contract from RK Wind to supply 230 full power wind turbine converters.
The solution is based on Converteam’s full power converter technology, delivered globally for more than 3000MW of new power installations in 2010. The converters will be built and supplied from Converteam’s new manufacturing facility in Chennai.
The factory, which will open in the second quarter of this year, will cater to the needs of the growing renewable energy market in India, both wind and solar. Converteam’s Kidsgrove factory in the UK will supply the core technology components and power modules, in addition to the initial few converters.
Peter Oram, Business Director at Converteam, says: “The Indian wind market is growing very fast, and is progressively moving to larger variable speed turbines where Converteam can really make the difference. The opening of our converters manufacturing facility in Chennai will be a key driver for Converteam to serve the local wind and solar customers. This plant will complement our presence in India where we already have more than 500 engineers supporting Indian and global businesses.”
The Converters supplied by Converteam over a period of more than two years will be installed at RK Wind’s windfarms in Thirunelveli (Tamil Nadu) and Karad (Maharashtra).