Power News We love to talk!

APR 13 2018

Siemens Gamesa achieves 5 GW installed capacity in India

  • Economic Times, ET Bureau / Hyderabad
  • Created: Fri 13th APR 2018

 

Siemens Gamesa Renewable Energy today said it has achieved a milestone of connecting 5,000 MW (5 GW) to the Indian Grid and became the second largest original equipment manufacturer in the country by cumulative installed capacity.

“It is encouraging to see our incremental growth in India over the years. India is a key market for us and will continue to be one for years to come. The global wind market dynamics are changing and so is the change occurring in India,” said Markus Tacke, CEO of Siemens Gamesa Renewable Energy, in the statement.

“Hence, it is imperative for us to respond to the market with more agility, better products and comprehensive digital intelligence which will set us to the path for strong profitable growth, and our L3AD2020 programme will set us on track to global leadership, he added.

The company began its Indian journey in 2009 and emerged as the largest player within 5 years and has also commissioned a record 2,000 MW last fiscal, a statement said. The company has operations across seven key wind states supported by a strong local service presence and has been the market leader for the past three years.

Globally merged as one in the beginning of 2017, Siemens Gamesa announced a new global business plan in mid-February 2018 to strengthen its leadership position in the global market, to better serve its customers and respond to the market needs, it said.

Tags

Grid Renewable Energy Wind Energy United States Siemens India Siemens

Related News

  • Vinayak Chatterjee: Time to step on the gas for effective power generation  Read more
  • Over 10 million LED bulbs distributed in Bihar under UJALA scheme  Read more
  • DoCoMo effect: Tata Power posts net loss of Rs. 247 crore in fourth quarter  Read more
  • Global oil majors call for pricing of carbon  Read more
  • India appeals against WTO solar ruling  Read more
  • GAIL, GSPL to forego part of variable tariff under new mechanism for gas-based power plants  Read more
  • CSE proposes mini grid model to eradicate energy poverty  Read more
  • CERC approves transmission tariff for LILO of Bangalore-Salem transmission line at Hosur  Read more
  • Green Incubation Centre soon for cleantech firms in Telangana  Read more
  • Power output growth doubles to 9.5% in 2016  Read more