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Gamesa India

Gamesa Captures 38% Share In Wind Capacity Added In India

written by saurabh

Gamesa has reported a massive jump in installation numbers in India as it continued to dominate the crowded wind energy market.

According to media reports, Spanish wind turbine manufacturer recently announced that it installed 2,050 megawatts of wind energy capacity in India in FY2016-17 (between April 2016 and March 2017). This is the first time that any turbine manufacturer has been able to achieve the 2,000 megawatts milestone in a financial year.

India added a total of 5,400 megawatts of wind energy capacity; at 2,050 megawatts Gamesa captured an impressive share of 38%. The company has been India’s leading turbine manufacturer for the last several years. In FY2014-15, the company commissioned 657 megawatts while in FY2015-16 this capacity increased to 1,000 megawatts translating into 30% share in the Indian market.

The Indian wind energy sector has managed to beat the targeted capacity addition for the last two financial years and is expected to do so in the current financial year as well.

Chairman of the Indian Wind Turbine Manufacturers Association (IWTMA) recently stated that a record 6,000 megawatts wind energy capacity is expected to be added in financial year 2017-18 which will be 11% higher than the 5,400 megawatt capacity added in 2016-17, also a record.

While being the largest supplier of wind turbines to the Indian market, Gamesa recently also participated in the first-ever wind energy auction in India. The company placed a bid to set up 250 megawatt capacity at a tariff of Rs 3.68/kWh (5.7¢/kWh). The company failed to make the cut as its bid was 6.4% higher than the lowest and winning bid.

04/21/2017 0 comment

Renewable Energy

Gamesa Plans $2.6 Billion Renewable Energy Investment In India

written by saurabh

Spanish renewable energy giant Gamesa has announced massive plans to implement utility-scale wind and solar power projects in the Indian state of Andhra Pradesh.

Ramesh Kymal, Chairman and Managing Director of the Indian subsidiary Gamesa Renewables recently stated that the company will invest Rs 17,500 crore ($2.6 billion) in the southern state of Andhra Pradesh.

The company will set up 2,500 megawatts of solar, wind and solar-wind hybrid power projects. Gamesa will likely take up the model implemented by its competitor Suzlon Energy. The company will likely acquire land and collaborate with interested investors and industries to set up renewable energy projects. Gamesa shall be responsible for the construction, commissioning, operations and maintenance of the projects.

The investment model isn’t new for Gamesa, or the Indian wind energy market, but focus on a particular state, Andhra Pradesh in this case, is crucial. Andhra Pradesh announced plans to significantly increase the share of renewable energy in its power mix.

The Andhra Pradesh Electricity Regulatory Commission (APERC) has proposed to increase the share of renewable energy in its electricity mix to 25.25% by March 2022. The commission issued a draft regulation which, if approved, will require the state’s utilities to acquire at least 25.25% of the total electricity procurement from renewable energy sources, excluding hydro power.

For non-solar renewable energy technologies, APERC has proposed a target of 12.50% by March 2022. The commission has also proposed to increase the solar power share from 4.75% in 2017-18 to 12.75% in 2021-22. Under the policy, the state government is expected to encourage installation of wind, solar and wind-solar hybrid power projects.

Gamesa is already the leading original equipment manufacturers in the wind energy sector for last three years in India. The company has also managed to make substantial inroads in the solar power sector by offering engineering, procurement and commissioning (EPC) services.

02/12/2017 0 comment

Renewable Energy

Gamesa Wins 304 MW Wind Energy Order In India

written by saurabh

Gamesa seems set to maintain a leading position among wind turbine manufacturers in India as it received fresh orders.

Gamesa has reported that it received five orders to supply wind turbines with cumulative capacity of 304 MW in India. The company will deliver the turbines, commission them and be responsible to operate and maintain the projects.

The orders will cover supply of 80 units of G114-2.0 class S turbines (160 MW) and 72 units of G97-2.0 MW class S (144 MW) turbines, both of which were specifically configured for the Indian market with the aim of maximising turbine performance at low wind speed sites. These projects are slated for commissioning during the first quarter of 2017.

Gamesa has been operational in India since 2009 and has installed more than 3,000 MW of wind energy capacity. The company has also been the leading original equipment manufacturer (OEM) in the country of the last three years, leading several Indian and foreign competitors.

The company also secured its largest solar EPC contract in India recently through which it will set up 130 MW capacity across two states.

11/28/2016 0 comment

Renewable Energy

Gamesa Lands 130 MW Solar Power Order In India

written by saurabh

Gamesa has landed its largest-ever solar EPC contract with an Indian company.

Gamesa has announced that it received an order to set up two solar power projects in India from Atria Power with cumulative capacity of 130 MW. The projects, with capacities 90 MW and 40 MW, will be located in Karnataka and Andhra Pradesh.

As per the terms of the contract, Gamesa shall be responsible for the design as well as construction of the projects. The company will install E1.37 MW inverters at the projects that are manufactured by Gamesa Electric. These will be ‘the most powerful inverters installed in India to date,’ Gamesa has claimed.

The projects are expected to be commissioned in March 2017.

“This contract marks a fresh milestone in our strategy in the solar power segment in India. Here at Gamesa we continue to strive to offer our customers unrivalled solutions, by leveraging our know-how developing and managing renewable energy projects and our competitive local supply chain”, explained Ramesh Kymal, Gamesa’s CEO in India.

Gamesa commissioned its first solar power project in India in November 2015. It had set up a 9 MW project for three textile companies in the state of Tamil Nadu intended for captive consumption. At the time of commissioning, the company had also announced plans to set up 100 MW solar power projects through its EPC services. With these orders from Atria Power, Gamesa has managed to meet its target.

10/26/2016 0 comment

Renewable Energy

Indian Wind Power Companies See Surge In Generation

written by saurabh

Good monsoon and improved availability of transmission capacity for power evacuation resulted in significant increase in revenue and profits for the wind energy companies in India.

According to media reports, companies like Indowind, Gamesa India and Orient Green Energy have reported sharp boost in revenue due to jump in wind power generation. Tamil Nadu, which hosts the largest wind energy capacity in India experienced massive surge in wind power generation during the monsoon season.

Wind energy generation in Tamil Nadu was so high that the state government had to ask the central government to allocate additional transmission resources to supply the surplus electricity to other states.

Record capacity addition in the last financial year also led to the increased power generation in the first quarter of this financial year. Substantial changes in the incentives regime for wind energy projects are expected from beginning of the next financial year, April 2017; as a result, project developers are looking to make full use of current incentives regime and install as much capacity as possible before April 2017.

Another incentive for the developers to generate more electricity is the increase renewable purchase obligation targets and comparatively stricter compliance. Several state regulators have given directions to utilities to increase procurement of renewable energy and meet their respective RPO targets.

09/20/2016 0 comment

Renewable Energy

Gamesa India Wins 170 MW Wind Energy Order From Hero Future Energies

written by saurabh

Gamesa India has secured another repeat order from a leading Indian renewable energy IPP and has further strengthened its position as the leading wind turbine manufacturer in the country.

Hero Future Energies has ordered a total of 170 MW wind energy turbines with Gamesa. The wind turbine maker will supply 60 units of G114 2.0 MW T106 turbines for projects located in the Andhra Pradesh and Karnataka. The company shall also supply another 25 units of the turbine for a 50 MW project also located in Karnataka.

All the projects are expected to be commissioned by March 2017, just before the expected reduction or removal of incentives to the wind energy sector.

Hero Future Energies, part of the Hero Group, plans to increase its renewable energy portfolio to 2.5 GW over the next few years. The company currently operates 40 MW of solar power projects, while another 90 MW capacity is under construction. It also operates 220 MW of wind energy capacity across various states in India and is working on an additional capacity of 150 MW. The company claims to have 1.1 GW of wind energy capacity in pipeline.

According to recent media reports, the company is looking to sell equity in the company to raise $150 million (Rs 1,000 crore). The company is reportedly in talks with CDC Group, an institution owned by the UK government, and the International Finance Corporation (IFC). The company plans to use these funds to finance its renewable energy projects pipeline.

Earlier this year, Hero Future Energies raised Rs 300 crore (around US$44 million) by issuing non-convertible debentures to finance the development of wind energy projects. The debentures were issued with a certification from the Climate Bonds Initiative.

08/19/2016 0 comment

Renewable Energy

Gamesa Secures 460 MW Wind Energy Orders In India

written by saurabh

Spain-based wind energy giant Gamesa continues to be among the leading solutions provider in India’s wind energy market.

Gamesa has reported that it secured orders totalling 460 MW capacity from seven projects in India. The orders will help Gamesa maintain a healthy lead over competitors and potentially make it the leading turbine manufacturer in India for a fourth consecutive year.

The company did not provide details of the projects or their owners or geographical location. The orders include supply of 170 of its G114-2.0 class S turbines (340 MW) and 60 of its G97-2.0 MW class S (120 MW) turbines. The company claims that both turbine models are ‘specifically configured for the Indian market with the aim of maximising turbine performance at low wind speed sites.’ Gamesa shall be responsible for supply and erection of the turbines, commissioning, operation and maintenance of the projects.

All the projects are expected to be operational by Q1 2017.

Over the last three years, Gamesa has opened by a considerable lead over India-based Suzlon Energy, once the leading wind turbine manufacturer in the country. The company has been able to capitalise on the sharp growth the Indian wind energy market has seen over the last few years.

In 2015, the company secured orders worth 1,300 MW and increase of 54% over 2014. According to the information available on the company website, the total order book for 2016 stands at 698 MW after including the recent orders of 460 MW.

07/27/2016 0 comment

Articles Renewable Energy

Suzlon Energy Eyes Leadership In Indian Wind Energy Market

written by saurabh

After making significant improvement in the financials India’s Suzlon Energy is looking to increase its market share substantially and take back the leadership position.

Suzlon Energy Chairman Tulsi Tanti, while interacting with an Indian media outlet, said that the company plans to increase market share in the Indian wind energy market to 40% this financial year, up from 26% in the previous financial year.

The company seems to be exulting such confidence after it financial position improved significant in the last quarter of previous financial year. The company reported its first profit in three and a half years in the quarter ending March 2016.

Suzlon Energy, once the leader in India’s wind energy market, lost its sheen following an expensive acquisition of Europe’s offshore wind energy company REpower (later named Senvion) in 2009. Suzlon sold the company last year.

Suzlon lost significant market share to emerging companies in the sector like Gamesa India and Inox Wind. Gamesa India has been leading wind turbine manufacturer for the last 3 years.

The Indian government has set a target to have 60 GW operational wind energy capacity by March 2022. Suzlon Energy may thus be looking to take a significant share in the upcoming capacity addition. The company installed a fourth of the 3.4 GW installed last financial year. It expects to increase this share to 40% with total estimated capacity installation of 4.4 GW in this financial year.

06/20/2016 0 comment

Articles Renewable Energy

Gamesa Setting Up 500 MW Blade Factory In India

written by saurabh

Leading wind turbine manufacturer in India – Gamesa – is looking to sharply increase its manufacturing capabilities in the country.

Gamesa India is working to set up a blade factory at Nellore in the south Indian state of Andhra Pradesh. The new facility will have production capacity of blades worth 500 MW every year. The blades shall be used in the G114-2.0 MW turbine model. The factory is expected to be operational by September and shall employ 400 people.

In addition to the facility under construction, Gamesa India has 3 other manufacturing facilities across the country. Another blade factory is located in Gujarat, a nacelle factory and a repair centre is situated in Tamil Nadu.

Gamesa India has seen very healthy inflow of orders over the last few years. This has helped the company secure top position among all turbine manufacturers in India for the last 3 years. In 2015, the company held 34% market share in the Indian wind energy market. Gamesa commissioned 1 GW of the 3.4 GW wind energy capacity installed in financial year 2015-16.

Gamesa is bullish on India’s renewable energy story. India plans to increase the installed wind energy capacity by almost 3 times by 2022 to 60 GW. The company has also entered the solar power market in India. As an EPC contractor, it commissioned its first solar power project (10 MW) in the state of Tamil Nadu last year. The company subsequently secured 3 more EPC orders for 23 MW solar PV projects.

05/22/2016 0 comment

Articles Renewable Energy

Gamesa Gets 198 MW Wind Turbine Order In India

written by saurabh

Gamesa India continues to be a leader in India’s wind energy market as it received yet another large order recently.

The Indian subsidiary of Spanish wind energy company Gamesa announced, late last month, that it received multiple orders to supply a total of 198 MW wind energy turbines to project developers in India.

The company shall supply 50 units of G114-2.0 MW wind turbine in Karnataka and another 12 units to a different within the state. The larger of the two projects will be commissioned next year while the smaller one is expected to be operational by middle of this year.

Gamesa also secured contracts to develop wind energy projects in the western state of Rajasthan. The company shall be responsible for the construction and operation of the facilities. The larger of the two projects will host 50 units of G97-2.0 MW turbines while the smaller project will have 12 such turbines. Both the projects are expected to be commissioned by the end of this year.

Gamesa has been the leading wind turbine manufacturer in India for the last 3 years. In financial year 2015-16 the company managed to install over 1 GW wind turbines across the country. This accounted for an impressive 29% of the total 3.4 GW wind energy capacity that year.

India has emerged as a huge market for the Spanish turbine manufacturer. Indian wind energy market contributes 29% to the company’s global revenue.

The company is also expanded into the Indian solar power market which has a much larger growth potential than the wind energy market.

05/09/2016 0 comment