Gamesa is inching towards its order book target of 650–700 MW in 2014 in India as the company announced that it received fresh orders for wind energy equipment across five states.
With orders worth 500 MW of wind energy equipment already received by Gamesa this year, India is its second-largest market behind Brazil. The latest order includes 172 MW of wind energy equipment to several companies spread across India.
According to a press release from the company, the turbines will be manufactured locally and are scheduled for delivery next year. The company will supply 86 units of its G97-2.0 MW turbine and has also signed operation and maintenance (O&M) contracts for the same.
India is a crucial market for the Spanish wind energy equipment manufacturer. Last year, Gamesa ranked as the largest original equipment manufacturer (OEM) by market share. It has installed 1,440 MW of capacity and manages 1,150 MW of capacity under O&M contracts. About 30% of the company’s global consolidated revenues come from India. Earlier this year, Gamesa reported to have received another major order to supply 220 MW wind turbines in India.
In a recent interview, Gamesa Executive Chairman Ignacio Martin said that India is crucial to the company’s expansion plans and wants to make it an export hub as the company has a strong manufacturing presence in the country.
Gamesa plans to invest €100 million in India over the next five years. This may include expansion in the offshore wind energy sector as well, especially after the government announced its own offshore wind energy project and local competitor Suzlon Energy announced a 300 MW offshore project in Gujarat. The company is also “seriously considering” making significant investments in India’s growing solar power industry.
Image Credit: Gamesa
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