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APR 13 2018

Wind power sector back on the growth path: Siemens Gamesas Kymal

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

 

Wind turbine maker Siemens Gamesa is confident of regaining its market share, little over a third in annual capacity addition in India, even as the sector shows signs of revival. The revival comes after a lull caused by the shift last fiscal to competitive bidding from the earlier feed-in-tariff regime.

“We are back on the growth trajectory in a strong manner. We see a strong visibility of 11,500 MW of auctions from the Centre in the near term. It is a big boost as it will also help improve our capacities,” Ramesh Kymal, Chairman and Managing Director, Siemens Gamesa India, said while announcing company’s achievement of commissioning of 5,000 MW of wind capacity in India. He said the wind power market in India would stabilise in the coming years and the market could grow 8,000-10,000 MW per annum.

With healthy business visibility, the company is hopeful of regaining its strong position in annual capacity commissioning. It had a market share of 34 per cent in 2016-17. But last fiscal was a dismal year for the industry due to change in structure. “We were a market leader for four years in annual capacity addition of wind power sector in the country,” said Kymal.

In 2016-17, the wind power industry added 5,500 MW and Siemens Gamesa contributed more than 2,000 MW. But the total capacity addition fell to about 1,700 MW in the following fiscal and Gamesa’s share was 556 MW. But now, it has started bagging new orders after new auctions.

Siemens Gamesa has achieved the milestone of connecting more than 5,000 MW to the power grid, thereby, becoming the second largest OEM in India by cumulative installed capacity. The company took about four years to touch 1,000 MW. But, in the next four years, it achieved more than 4,000 MW.

“India will still remain a major market for our company. With the huge growth prospects in the country after the government’s announcement to achieve 60 GW by 2022, we hope Indian operations will grow faster than other regions. The merger with Siemens will further strengthen our position,” said Markus Tacke, CEO, Siemens Gamesa Renewable Energy.

Tags

Himachal Pradesh TOTAL Power Grid Grid Renewable Energy Wind Turbine Wind Tariff Wind Power Energy Wind power industry Siemens Capacity Addition Power power market Gamesa India Power Industry India Siemens

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