Connect with us

Hi, what are you looking for?


Clean Power

Siemens Looking to Grow Wind Power Technology in India

German engineering giant Siemens is looking to throw some money at solar and wind power in India now. It is going to invest $346 million in India’s renewable energy sector over the next three years.

Peter Löscher, Siemens’ chief executive, said the firm will increase its Indian workforce by about 50 per cent to 25,000 people and about a third of the investment will be for development of wind turbine technology. It is putting some into solar technology development there as well.

India is a major growth market, in general, and renewable energy is no exception.


Siemens “plans to put a turbine manufacturing plant near Tamil Nadu and Gujarat on India’s west coast, where it expects new wind farm developments to be built,” according to Tom Young of BusinessGreen.

Initially, the focus is on producing wind turbines for India’s domestic market, but it could expand into exports at a later date, according to Löscher.

This has happened before. “Suzlon Energy, which commenced operations in south India in 1995 with just 20 people, now has a manufacturing capacity of 4200MW a year and about 10 per cent of the global wind turbine market.”

Indian government is currently thinking about adopting official renewable energy targets, which could lead to some extra help for Siemens and others interested in developing renewable energy technology there. Just recently, the government announced subsidies for utilities using solar power totaling $5 billion over the next 20 years.

Siemens seems confident in the actions India is taking to encourage clean, renewable energy.

Related Stories:

1) Top 10 “Clean Energy” Topics to Keep an Eye On

2) India on the Solar & Climate Change Move

3) 2009 Global Wind Power Report (by Country): Wind Up (Despite Economy) and China & US Up Big

4) Is India Really Serious About Its Carbon Intensity Target?

Image Credit: lecercle via flickr under a CC license

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.


You May Also Like

Clean Power

We've mined enormous amounts of iron and coal in order to build infrastructure to extract, process, refine, and distribute fossil fuels, and we're going...

Clean Power

The Senator from West Virginia's coal country accuses the Biden Administration of elevating "climate goals above the energy and national security of this nation."...

Clean Transport

Lithium, lithium, lithium — as much as we cover the lithium market, there’s much more to cover. The lithium market is jumping. Below are...

Clean Power

Berkeley Lab study shows how deep cost reductions in clean technology and India’s renewable and lithium edge can enable a pathway for cost-effective energy...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.