Power India found that Gamesa Corp. Tecnologica SA Spanish Wind Turbine Manufacturer which is at no 8 in the world and no 2 in Europe has announced that they are going to open a third factory in India which will be in Chennai.
As per the news article on Wall Street Journal, Gamesa is planning to spend around Rs. 2.0 Billion; so far they have invested around Rs. 5.50 Billion for factories in India.
The proposed manufacturing plant will be used to produce the G9X-2.0 MW series of turbines.
Gamesa is also building two facilities in the western city of Vadodara to manufacture wind-turbine parts.
As said by Gamesa:
India is a key emerging market for Gamesa, Europe's second-largest wind-turbine manufacturer by market value after Vestas Wind Systems A/S (VWDRY), as it is facing a slump in demand in its traditional markets of the U.S. and Western Europe which are hurt by an economic slowdown.
Gamesa sold 8% of its turbines in Spain last year, compared with 39% three years earlier. Its largest markets now are China and India.
Gamesa got 20 percent of its sales in India last year and expects that share to climb, targeting 711 megawatts in sales by the end of December, according to Kymal (Chairman, India unit)
Recently, Games has got a 150 MW Contract from Myrah Energy Ltd which is the part of long term strategic relationship of 2000 MW by 2016.
As captured by Bloomberg; competition among turbine makers in China has grown amid a supply glut, putting pressure on prices as manufacturers seek to contain costs. India has now become the wind industry’s largest growth market by volume after China tightened project approvals and Europe and the U.S. reined in financing amid burgeoning debt, the Global Wind Energy Council said last month.
India is focusing on harnessing more energy from sources such as wind as it aims to reduce its dependence on fossil fuel.
The country's installed renewable-energy capacity is about 24 GW and the government aims to increase it to 50 GW by 2020.
India is the world's fifth-largest wind energy market. Wind-energy accounts for nearly three-fourths of the country's total renewable-energy capacity.
More Literature on this topic:
Power India – A popular blog on Indian Power Sector
No comments:
Post a Comment