Siemens Gamesa Renewable Energy, the leading renewable energy player in India, has won multiple wind power orders for a total of 326 MW¹ from several leading Independent Power Producers and various Industrial customers in the country in different projects.
As per the agreements, Siemens Gamesa will handle the entire infrastructure needed to operate the projects together with the supply, erection and commissioning of 135 units of G114-2.0 MW wind turbines and 28 units of its G97-2.0 MW for leading Independent Power Producers and various Industrial customers in India. The projects (26 in total, with installed capacity ranging between 2 MW and 60 MW) are set for commissioning by March 2018 across several sites in India.
"We are happy to announce these new deals in India. These orders show a positive sign of development in the market and it certainly boosts our confidence significantly as we gear up towards the next growth phase for Siemens Gamesa in India. With the support of our loyal customers and an efficient team we are looking forward to a great 2018", said Ramesh Kymal, CEO of Siemens Gamesa's onshore business in India.
The government of India has recently announced the auction of 6 GW of new capacity in the next 4 - 5 months. A clear auction calendar such as the above is certainly a welcome move and is quite encouraging for the industry at this point of time and will accelerate capacity additions. Siemens Gamesa expects the Indian market to stabilize in 2018 and fully recover in 2019.
Present in India since 2009, Siemens Gamesa has installed over 5 GW. The company has been the leading OEM in India for the last three years, according to MAKE Consultancy.
¹ Contracts signed between October-December of 2017.
