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Gamesa to investment Rs700 crore every year

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Gamesa Wind Turbines plans to invest around Rs700 crore every year on land prints, wind studies and substations in the country. The wind turbine major said it has also received strong acceptance from all customer groups including PSUs across key markets and is on track to achieve #3 rank in India. Gamesa now commands significant market share of installations in India registering a sale turnover of Rs1600 crore, which is a growth of 60 per cent from the last year.
Gamesa installed and commissioned more than 700 wind turbine generators within two years of setting up base in India with an installed base of 563MW across states including, Andhra Pradesh, Gujarat, Karnataka, Maharashtra, Rajasthan, Tamil Nadu and Madhya Pradesh. The company also has a portfolio of more than 6000MW in various stages of development in India and Sri Lanka and expects to achieve a production capacity of 1500MW by 2013 from the current 800MW.
“Gamesa India is looking ahead to the incredible potential waiting to be tapped. India’s wind potential is estimated at 3000 GW –and we have a long way to go. Harnessing this potential means providing for a clean, green future, sustainable livelihoods, and very important – energy security. As a company, we are well positioned to compete in the Indian wind markets and play our part in providing ecologically sustainable development all over the county,” said Ramesh Kymal, chairman and managing director, Gamesa Wind Turbines.
Earlier this year, Gamesa expanded its manufacturing base in the country by opening up a Blade manufacturing factory at Vadodara, Gujarat and a tower manufacturing facility in a JV with Windar Renovables, also at Vadodara, Gujarat. The company will now also be exporting to Europe, North America and Egypt from the Indian manufacturing operations.
Gamesa, over the last one year has received major orders from PSUs including GAIL, NREDCAP, OIL India and has also received Tamil Nadu electricity board’s in principle approval for setting up a 400KV substation in the state showing the growing confidence in the company.

Gamesa recently expanded its product portfolio by launching the G97-2.0 MW wind turbine especially designed for low-wind sites in India which has received great reviews from the customers, investors and the Government alike. Gamesa expects such sites to drive a major portion of demand in the 2.0 MW category and has already procured orders for G97 from a number of investors including a big order from Lakshmi Machine Works Group.
With Gamesa Electric, the company has forayed into solar power by installing and commissioning its first on-grid 500kW TL Plus central inverters – 1MW containerized solution at ESSAR Solar Photo Voltaic Power Plant at Bhuj, in Gujarat. The company has bigger plans for Gamesa Electric in the country.

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01 Sep 2020