Published on : Apr 27, 2018
The wind energy industry is poised to garner huge momentum in numerous emerging markets, mainly underpinned by the construction of massive wind firms. Siemens Gamesa Renewable Energy, a prominent Spanish manufactures in the renewable energy sector, has on April 26, 2018 announced that it has entered into an agreement of one-of-its kind with Sembcorp Green Infra Ltd., a subsidiary of Sembcorp Energy India Ltd. The contract considered largest so far spans building wind turbines and building a massive wind park with a whopping capacity of 300 megawatts. Of note, Sembcorp Energy India is the Indian energy arm of Singapore-headquartered Sembcorp Industries. The Spanish company Siemens Gamesa specializing in fabrication of wind turbines and setting up wind farms will offer various operating and maintenance services required for the wind farm for at least the next 10 years. The farm is to be located in the Indian state of Gujarat, and is likely to be commissioned in the same month next year.
Massive Size of Project and Technology makes Contract overly significant
The deal in the wind energy market is paramount for several reasons, with size of the project and the technology incorporated being the key ones. Furthermore, the deal signifies the rapid, onward march wind farm construction is experiencing in emerging markets such as India. Under the terms of the deal, the Spanish wind energy giant will install as many as 43 of its specialized turbines, called SG 2.1-122, meant for low-speed sites, making it apt for the India market.
Contract to help Spanish Manufacturer Consolidate its Position in India
Siemens Gamesa, since 2009, has been able to make a noticeable presence in India with three factories and a service center in different states. The revenues earned by the company in the India wind energy market has took a downturn last year, attributable to rising prominence of competitive auctions. The current contract will help it consolidate its position the regional market.