Gamesa cements its leadership of the Indian wind power market with two new contracts for the supply of 260 MW

Gamesa, a global technology leader in wind energy, continues to grow in India, a strategic market in which it has firmly established itself as one of the leading turbine makers, having recently signed two new agreements¹ for the supply of an aggregate 260 MW.

The first order, from Indian developer and independent power producer (IPP) Greenko, encompasses the supply, installation and commissioning of 80 of the company's G97-2.0 MW turbines (160 MW). More specifically, Gamesa will install 30 turbines at Jaisalmer region, in the state of Rajasthan, and another 50 at Basavanabagewadi, in Karnataka. The turbines are slated for delivery during the first quarter of this year and the wind farms are expected to be commissioned by June 2015. The company will also operate and maintain all 80 turbines in the long term.

This contract is included in a new framework agreement to commission 300 MW wind power projects in India, signed by Gamesa and Greenko. The second phase of 140 MW is expected to be secured during the second quarter of the year, in different wind farms located in the states of Karnataka and Andhra Pradesh.

The second order, meanwhile, placed by Indian developer CLP India, covers the turnkey construction of a 100-MW wind farm at Chandgargh, in the state of Madhya Pradesh. The company, which will handle all of the infrastructure needed to install and operate the complex, will install 50 G97-2.0 MW turbines and also service them in the long term. The turbines are due for delivery during the first half of this year and the wind farm will be commissioned in December 2015.

Both the 80 turbines which Gamesa will install for Greenko and the 50 it will install for CLP will be its G97-2.0 MW Class S make, with a tower height of 104 metres, a new model specifically designed for low wind speed sites in the Indian market.

These two new contracts put Gamesa's 2014 Indian order intake at 850 MW. From January to September, India accounted for 27% of the MW sold by the company.

"These new order wins reinforce our leadership position in India, a rapidly-growing market, and evidence the stock placed by customers in Gamesa's technology and experience", according to Ramesh Kymal, Gamesa's Chairman and Managing Director in India.

Leader in India

In recent years, India has emerged as one of the most promising wind power markets: installed capacity is expected to increase from close to 22,000 MW today to 36,000 MW by the end of 2018, driven by huge pent-up demand for electricity, according to sector consultancy BTM.

Gamesa's presence in India - as technology provider and wind farm developer - dates back to 2009. In the last five years, Gamesa has emerged as the number-one turbine OEM by market share (20% in 2013), according to BTM data. To date, Gamesa has installed over 1,700 MW and services close to 1,400 MW under O&M agreements. In addition, in its capacity as wind farm developer, it has developed over 1,000 MW.