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GE, Siemens Win India Solar Turbine Orders to Offset U.S. Slump

According to reports, General Electric Co. (GE), Siemens AG (SIE) and Areva SA (AREVA) have won orders from India’s largest solar plants requiring conventional turbines, helping to offset a slump in the U.S. where developers are scrapping such projects.

Reliance Power Ltd. (RPWR), controlled by billionaire Anil Ambani, and Lanco Infratech Ltd. (LANCI) are among seven companies building a third of India’s planned sun-powered capacity to 2013 using solar-thermal technology which concentrates sunlight to boil water to power steam turbines.

Four have ordered units from Siemens, one from GE and one from Areva, according to interviews this week and documents obtained from the companies by Bloomberg News. Aurum Renewable Energy Pvt. expects to select a supplier this month and is considering GE, Siemens and Sumitomo Heavy Industries Ltd.’s Shin Nippon Machinery Co.

Megha Engineering ordered a 50-megawatt turbine from GE in November, and raised financing from a group of banks led by IDBI Bank Ltd. (IDBI), Uma Maheshwar, associate vice president at Megha’s clean energy unit said in a phone interview on Jan. 3. Abhijeet’s Corporate Ispat ordered a 50-megawatt Siemens turbine in September and raised money from the Bank of India and the Indian Overseas Bank (IOB), M.K. Prasad, senior vice president of solar at parent Abhijeet Group, said by phone on Jan. 3.

Lanco, which is setting up its own 100-megawatt plant and also building and procuring for KVK Energy’s 100-megawatt plant, has ordered Siemens turbines, Lanco Solar Chief Executive Officer V. Saibaba said in a November interview.

Godawari ordered a Siemens turbine for its 50-megawatt project and awarded a $123 million contract to India’s Jyoti Structures Ltd. (JYS) and Abilene, Texas-based Lauren Engineers & Constructors to design and build the plant, Godawari Managing Director B.L. Agrawal said by telephone on Jan. 4. The Bank of Baroda is financing the project.

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