With a significant number of industries having tepid order books, the renewable energy sector is doing well.
With a significant number of industries having tepid order books, the renewable energy sector is doing well. Whether it’s the leader of the sector Suzlon or Gamesa India headquartered in Spain, the mood is upbeat.
Mr Tulsi Tanti, the chairman of Suzlon Group, says, “There is a market opportunity of $150 billion in the next five years with the government having set a target of 1,75,000 mgw of renewable energy to be installed by 2022.”
The present installed capacity is over 35,000 mw, which translates into an annual target of 24,000 mgw. “As at the end of 2015, India has a total of 25,088 MW wind energy installed capacity of which Suzlon has installed approximately 9,000MW of this, which translates into 35 per cent of the market share,” he said.
Underlining the sector’s growth is the latest order that Gamesa India, the leading renewable energy company has got for a new 50 mw wind power project with Atria Power in Kukru wind farm in Madhya Pradesh. Gamesa has so far installed 2,500 Mw of wind energy annually. “This project is a part of Gamesa India’s consolidated order book for the fourth quarter of 2015 and forms part of 130MW order book which was recently announced globally,” said Ramesh Kymal, chairman and managing director, Gamesa India.
Inox Wind commissioned one of the largest wind turbine orders in India for a single wind power project – the 170 mw for Continuum Wind Energy and signed 24 mw repeat order. It is advanced discussions for further repeat orders, said Kailash Tarachandani, CEO of Inox Wind.