Clean Power

Published on May 9th, 2014 | by Mridul Chadha


GE Will Invest $200 Million In Indian Wind Turbine Manufacturing Unit

May 9th, 2014 by  

GE Wind Energy Turbine

GE Wind Energy Turbine
Credit: CarstenE | CC BY SA 3.0

General Electric has set itself a target to double its share in the Indian wind turbine market by 2016. To achieve this target the company will set up a greenfield facility to manufacture components for wind turbines.

The company is planning to invest $200 million in a manufacturing unit to be set up in the western city of Pune. Officials of GE’s renewable energy business were in India recently to hold negotiations with Indian suppliers who would possibly provide various components for a wind power unit.

GE is likely to manufacture electrical components of wind turbines, which it has to import into India right now. For other components like blades, the company will tap local suppliers.

By setting up a local manufacturing base in India, GE would be able to better compete with local manufacturers like Suzlon Energy, which is among the leaders in the Indian market.

Expansion into the Indian wind energy sector makes sense for GE, which may have access to more efficient technology which would be critical for proliferation of wind energy into new areas in the country. It is notable that the tariffs for wind energy projects have been increasing as high-wind-speed sites have been exhausted and project developers are now looking to set up projects at low-wind-speed sites. Such sites require high-efficiency technology.

Also, with the imminent launch of the National Wind Energy Mission the demand for wind turbines could go up significantly. The Indian government has also initiated plans to promote offshore wind energy projects, which could prove to be a goldmine to international wind turbine manufacturers that have experience in offshore wind energy infrastructure development.

Keep an eye on all of our wind energy news by subscribing to our wind energy newsletter or overall cleantech newsletter.

Check out our new 93-page EV report, based on over 2,000 surveys collected from EV drivers in 49 of 50 US states, 26 European countries, and 9 Canadian provinces.

Tags: , , , ,

About the Author

currently works as Head-News & Data at Climate Connect Limited, a market research and analytics firm in the renewable energy and carbon markets domain. He earned his Master’s in Technology degree from The Energy & Resources Institute in Renewable Energy Engineering and Management. He also has a bachelor’s degree in Environmental Engineering. Mridul has a keen interest in renewable energy sector in India and emerging carbon markets like China and Australia.

  • Offgridmanpolktn

    In the US it is easy to find a lot of complaints about our corporations leaving their profits outside of the country to avoid the taxes here. While at the same time there is a lot of concern on how emerging economies are turning to fossil fuels to develop power sources for their people and the necessary industry to support them. Perhaps in the overall picture what these companies have done is for the best in that they have not only the financing but access to the more recent technologies to help the rest of the world come into a modern economy without using fossil fuels as happened in the US.
    While for shareholders there will be no complaints because they get their cut no matter where the investments. It does leave us with a degrading infrastructure which is becoming quite obvious in our roads and bridges and unfortunately one of the political parties is totally against investment in public transportation as can be seen by the refusal of Obama’s rail plan by some states.

  • JamesWimberley

    GE’s planned purchase of Alstom’s power generation business (I told you a complete takeover would be vetoed) is another sign of the tectonic shifts in the energy business brought about by renewables. Alstom got into wind too late (2007) and has an insignificant global market share of 2.1%. Nobody’s buying its bread-and-butter big fossil or nuclear generators. The high-speed train business, a global leader, will stay French.

Back to Top ↑