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Gamesa forays into newer markets in India

Gamesa Wind Turbines Pvt. Ltd., the Indian subsidiary of Gamesa, a global leader in wind turbine manufacturing and in wind farm development, in May this year signed  an order with Caparo Energy India Limited (CEIL), India’s fastest growing independent power producer for the supply, erection and commissioning of 2,000 MW of turbine capacity for wind power projects to be set up in India.

The deal was one the largest of its kind in India and one of the largest in the world.

In April this year, IFC, a member of the World Bank Group, announced that it was providing an €11 million loan to India’s Gamesa Wind Turbines Pvt. Ltd to help build a wind-turbine assembly facility that will help diversify India’s energy mix and reduce its greenhouse-gas footprint while addressing energy needs.

IFC’s loan will support Gamesa’s plans to scale up its assembly capacity in India over the next two years.

Gamesa’s Indian subsidiary Gamesa Wind Turbines Pvt Ltd had signed a new agreement to supply wind turbines to a wind farm project in Sri Lanka last month.

Earlier this month, the company had announced its foray into Gujarat. In 2011, the company had planned an installation capacity of 25 MW in Gujarat, of which 16 MW has already been installed and commissioned the company hsad said earlier.

According to reports, Gamesa Wind Turbines Pvt. Ltd., the Indian subsidiary of Gamesa announced its foray into the markets of Gujarat, Madhya Pradesh, Maharashtra, Andhra Pradesh and Karnataka, as a wind farm developer.

This year, 5.1 Mw have also been commissioned in Andhra Pradesh while about 20 Mw would be installed by the end of 2011 in Madhya Pradesh. In addition, the company is scheduled to install 20 Mw in Jath, Maharashtra and 25 Mw in sites at Shirgaon and Chikodi, Karnataka.

As one of the global leaders in wind turbine manufacturing and wind farm development, the company’s expansion plans in India is a part of a growth strategy to tap other potential markets in the country besides Tamilnadu. Currently, Gamesa has a portfolio of more than 1,730 Mw in various stages of development in India.

“Wind energy is a vastly underutilised renewable resource with tremendous potential in India. We strongly believe that wind energy would be the most sustainable option that could meet the growing energy requirement not only in Gujarat, Karnataka and Maharashtra but also across India. Going forward we look to forging strong partnerships in the region and emerging as a strong player in the states. We at Gamesa are excited to explore new markets that are vital to the growth of the company as well as the future of wind energy in India,” said Ramesh Kymal, chairman and managing director, Gamesa Wind Turbines Pvt. Ltd.

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