Gamesa Retains Top Position In Indian Wind Energy Market

Gamesa installed the highest wind energy capacity in India for the second consecutive year in 2014, a report by Danish firm Make Consulting states.

Gamesa commissioned a fourth of the 2.3 GW wind energy capacity commissioned in India last year, with Suzlon Energy and Wind World India taking second and third spot respectively. Suzlon Energy was once the leading wind energy solutions provider in India and has commissioned 37% of the total wind energy capacity operational in India today, but the company has been reeling under tremendous debt. Gamesa has taken full advantage of this market opportunity as it plans to enhance its footprint in India.

Gamesa plans to significantly increase its capacity installation this year. In 2014 the company managed to add about 575 MW, but aims to commission 1 GW capacity this year. Last year, the company announced 1 GW cumulative installed capacity in India and announced that it would invest €100 million in the country over the next 5 years.

A majority of this investment is expected to go into enhancement of manufacturing capability. The company plans to introduce new wind turbines with bigger blades to be installed in areas with low wind energy potential. Additionally, the Indian government is planning to open the offshore wind energy sector as well. Both, Suzlon and Gamesa are planning to introduce offshore wind turbines in India.

Gamesa is bullish on India’s renewable energy story. India plans to increase the installed wind energy capacity by almost 3 times by 2022 to 60 GW and is expected to launch a National Wind Energy Mission soon. India also plans to add about 97 GW solar power capacity by 2022. Gamesa is also considering to invest in solar power sector in India.

Image Credit: Gamesa