Senvion wins conditional order for 250 MW in India

The Bhuj project will comprise Senvion 2.3M130 wind turbines with a hub height of 130m. This is the second large scale order for the new launched turbine of the 2.XM class within a week, which shows the global competitiveness of the turbine. Continuum Wind Energy has already won a Power Purchase Agreement (PPA) for the project in the round 4 bidding from Solar Energy Corporation of India Limited (SECI), which is a company of the Indian's Ministry of New and Renewable Energy. The high number of public auctions are reflecting the growing emphasis on renewable energy in India. Continuum has achieved advanced development of the project and upon execution of PPA, execution of definitive contracts between Continuum and Senvion, and financial closure. The installation of the turbines is expected to start in the second half of 2019 and is planned to be completed by the beginning of 2020. The turbines will supply enough energy for almost 288,000 Indian households.

David Hardy - Executive Director and CSO of Senvion, said: "This order illustrates our intent to provide optimized technological solutions for our customers and reflects our ambition to establish Senvion as trusted local partner in key countries, such as India. We want to thank Continuum for our close cooperation and the order of our 2.3M130 in India. This is a milestone for us and shows that technological pioneering and strong partnerships are key for succeeding in highly competitive markets."

Arvind Bansal, Chief Executive Officer of Continuum Wind Energy Ltd. said: "Continuum is excited to be partnering with Senvion to execute our largest wind project to date. Senvion's commitment to technical excellence is the main reason for our partnership with Senvion. With this, we emphasize our claim to support India's ambitious goal to achieve an installed capacity of 175 GW of renewable energy sources till 2022."

Amit Kansal, Managing Director of Senvion India, said: "This conditional order for the new Senvion 2.3M130 turbines is the testimony of Senvion's ability to launch new technologies to meet market demand to consistently lower the Levelized Cost of Energy. This is the first announced order in India for a 130m rotor in the 2MW class turbine."

With this contract signature, the total order book of Senvion in India in 2018 is now approximately 680 MW.