Spanish wind energy technology provider Gamesa is progressing well on its plan to expand its footprint in the Indian wind energy market.
The company announced last week fresh orders worth 194 MW from a number of customers in India, and all signed during Q1 2015. Gamesa will set up a 108 MW wind farm in Madhya Pradesh, and a 50 MW project in Gujarat, and will be fully responsible for the erection and commissioning of the 2 projects in Madhya Pradesh and Gujarat. The smaller of the 2 projects is expected to be commissioned in July this year while the larger one will be commissioned by February 2016. Gamesa will maintain both the projects through long-term service contracts.
The company will also supply 36 units of its G97-2.0 MW wind turbines to four wind farms located in the states of Madhya Pradesh, Maharashtra, Tamil Nadu and Andhra Pradesh.
Gamesa has been very positive about the growth prospects of the Indian wind energy sector. This year, the company plans to commission 1 GW capacity in India, nearly double the capacity it managed to add in 2014. The company has also announced plans to invest $1,119 billion over the next 5 years in the country to grab a larger share of the wind energy market.
Currently, Gamesa holds 32% of the market share in India’s wind energy market.
India remains an extremely high potential market for wind energy solutions providers. The government has announced plans to add almost 40 GW capacity by 2022. Not surprisingly, with high capacity addition plans in the solar power sector announced the government, Gamesa is also looking to develop solar power projects in India.
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