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Gamesa estimates repowering of old wind turbines in India to be a $3.8bn opportunity

Panchabuta had earlier this month talked about the first succesful repowering of wind farms in India by Gamesa.

We had then talked about how repowering of old wind farms is a huge opportunity in India. There are a number of such old wind farms in the southern districts of Tamil Nadu- Tirunelveli, Thoothukudi, Nagercoil and Kanyakumari districts.

These districts include the famed wind belts of Muppandhal, Pannakudi and Kayathar. There are also opportunities in the Coimbatore district.

There are numerous turbines installed in the state of Tamil Nadu that are older than 15 years and some between 10-15 years. All these turbines are sub megawatt with low hub heights. We had then identified the potential  which in our estimates was about 1.5-2GW in India over the next couple of years.

According to this report in Bloomberg,  Europe’s wind-turbine makers are stepping up sales in India’s clean-energy rust belt, anticipating a boom in one of the bigger “repowering” plays that Gamesa says may be worth $3.8 billion in sales. The challenge is in taking work from Suzlon Energy Ltd. (SUEL), the dominant local supplier, and in getting funds in a market still depressed by the financial crisis.

“Many good-quality wind sites are currently populated with relatively old and inefficient turbines,” said Amit Kansal, vice president of sales for the Indian unit of Denmark’s Vestas Wind Systems A/S, the world’s largest wind-turbine maker. “The opportunity for repowering is obvious.”

The 4,600 turbines have a capacity of 1.3 gigawatts, or about 9 percent of the installed base in India, which rocketed to become the fifth-biggest wind market by offering tax credits to operators regardless of productivity, said according to Bloomberg New Energy Finance analyst Shantanu Jaiswal in New Delhi.

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