Economy

Siemens Gamesa wins big wind turbine order in India

Siemens Gamesa wins big wind turbine order in India”

Siemens Gamesa Renewable Energy SA received its biggest order in India with a contract to supply 300 megawatt (MW) of wind turbines.

Sembcorp Green Infra is a unit of power producer Sembcorp Energy India Ltd (SEIL), which in turn is owned by Singapore's Sembcorp Industries Ltd (SGX:U96). As of December 31, 2017, the company has a well-balanced and diversified portfolio of power assets, with an overall power generation capacity of approximately 4.37 GW spread across seven states.

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The engineering, procurement and construction contract will see the manufacturer deliver 143 SG 2.1-122 machines to the project in Gujarat state, as well as provide all the other infrastructure needed to equip and operate the facility.

Siemens Gamesa (SGREN.MC), which overtook Vestas (VWS.CO) as the world's largest wind turbine maker past year, on Thursday said it won its biggest order to date in India, where a temporary downturn had previously hit the group's profits. This is also the first order placed for the particular turbine model, the company noted. "Moreover, it sends a very positive signal regarding the market's momentum and shores up our confidence in its full recovery".

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