Spanish wind turbine manufacturer Gamesa has cemented its leadership position in some of the most attractive and fast emerging markets around the world.
As per the findings of BT Consult, Gamesa is the top-ranked original equipment manufacturer (OEM) in India as well as Mexico. In Mexico the company has an overwhelming share of 73%, while in India the share is 32%.
In India, where Gamesa has large expansion plans, the company was the leading OEM in 2013 as well as 2014, and grabbed significant market share over one-time leader Suzlon Energy. Gamesa is believed to have supplied wind turbines for 600-700 MW of wind power capacity last year in India. This year, the company aims to supply turbines equivalent to 1 GW of wind power capacity.
At the first-ever international renewable energy investors summit organized by India’s Ministry of New & Renewable Energy (MNRE), Gamesa pledged to manufacture at least 7.5 GW worth of wind turbines over the next 5-7 years, contributing to the country’s ambitious goal to nearly treble the existing wind power capacity by 2022. To achieve this target the company has announced an investment of €100 million.
By the end of October 2014, Gamesa had commissioned 244 MW wind energy capacity, with 70 MW under construction as a project developer in Mexico. As a manufacturer, the company has supplied 1.36 GW of wind turbines in the country.
About two-thirds of all wind turbines sold worldwide by Gamesa have been installed in Latin America and India. These two regions have been company’s core growth engines over the last few years. In 2000, just 5% of Gamesa’s sales came from outside Spain, which has now grown to nearly 100%.