Spanish wind turbine maker Gamesa to invest over $125M in India by 2019

Spanish wind energy firm Gamesa plans to invest 100 million euro in the next five years and will produce larger turbines at the new production line at its plant near here.

"Gamesa plans to invest over 100 million euro in India in the next five years. Our primary focus in India is to increase our manufacturing capability, developing our supply-chain and to increase our land bank to promote and develop wind farms", Gamesa Group Executive Chairman Ignacio Martin said after inaugurating a new production line at the company's facility at nearby Mamandur.

He said India is one of the top three markets for Gamesa, contributing 27 per cent of overall revenue in third quarter of the current fiscal.

The inauguration of the production line is part of the investment outlay by the company to strengthen Indian operations.

Gamesa Group Business Chief Executive Officer Xabier Etxeberria said the company has two facilities in Gujarat - a Blade manufacturing plant and a tower facility, which is part of joint venture with Daniel Alonso Group.

The company also has an integrated turbine monitoring and service training centre at Red Hills near Chennai.

"Last year, Gamesa captured a market share of about 20 per cent of the total 2070 MW installed in the country. We will be introducing a new generation G114-2.0 MW turbines with longer rotors in 2015", he said.

In 2013, Gamesa India added around 400 MW and this year, expects to close around 700 MW, Gamesa India Chairman and Managing Director, Ramesh Kymal said.

The Mamandur plant, about 85 km from here, would have an automated conveyor system in the production line, considerably reducing manufacturing time and leading to faster delivery.

The production line would be one of the few multi-model lines in the sector assembling G97-2.0 and G114-2.0 on the same line, a company statement said.

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