Companies

Siemens Gamesa, Sembcorp to build 300 MW wind park

Reuters Frankfurt | Updated on April 26, 2018 Published on April 26, 2018

Siemens Gamesa, which overtook Vestas as the world’s largest wind turbine maker last year, on Thursday said it won its biggest order to date in India, where a temporary downturn had previously hit the group’s profits.

The company said it had agreed with Sembcorp Energy India, the Indian energy arm of Singapore’s Sembcorp Industries, to build a 300 megawatt wind park.

Along with the turbines, Siemens Gamesa will also provide operating and maintenance services for the planned farm, to be located in Gujarat, which is planned to be commissioned in April 2019.

“This contract marks a landmark in Siemens Gamesa’s strategy in India on account of both the size of the project and the technology selected,” said Ramesh Kymal, who heads Siemens Gamesa’s Indian onshore division.

“Moreover, it sends a very positive signal regarding the market’s momentum and shores up our confidence in its full recovery.”

Similar to other markets, India, the world fifth-largest wind power market, has undergone a shift away from subsidies and towards more competitive auctions, which led to a decline in volumes and also hurt Siemens Gamesa’s business last year.

Published on April 26, 2018
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