4 December 2017 2017 10:40 AM GMT

Siemens Gamesa Strengthens Lead In India With New Order For 200 MW Wind Farm

Siemens Gamesa Renewable Energy (SGRE), the leading renewable energy player in India, has bolstered its position in this market having received a new order from Orange Renewable for the EPC construction of a 200-MW wind farm located in Poovani, in the state of Tamil Nadu. This wind farm project is being promoted by Singapore’s AT Holdings.

This is a major order for Siemens Gamesa as it comes on the heels of the temporary slowdown of the Indian market. The agreement encompasses the entire infrastructure needed to operate the wind farm project together with the supply of 100 of its G114-2.0 wind turbines with a hub height of 106 meters, specifically designed for the low-wind sites typical of India. The project is expected to be commissioned by February 2019.

The clean and affordable energy generated by this wind farm project will offset approximately 651,000 tCO2e and electrify around 155,000 households annually. The project will be connected to India’s interstate transmission grid, which will enable the flow of energy from a renewable-resource-rich state to other states, helping them to comply with their renewable energy purchase obligations and secure a long-term power supply at a fixed price.

“We are happy to announce this new deal with Orange Renewable, one of the fastest growing renewable IPPs in India. This order certainly boosts our confidence significantly as we gear up for the next phase of growth at Siemens Gamesa in India. With the G114-2.0 MW T-106 model, a turbine made for India, we expect to deliver better value for our client base through innovative tailor-made solutions”, said Ramesh Kymal, CEO of Siemens Gamesa’s onshore business in India.

“We are delighted to partner with Siemens Gamesa for our latest wind project, which takes our Siemens Gamesa fleet close to 500 MW and our overall renewable portfolio close to 1 GW. We are proud to have achieved this growth in a very short span while maintaining a high standard of commitment to advanced technology, environment, health and sustainability. Our decision was driven by our confidence in Siemens Gamesa as a global technology leader. We are committed to delivering optimal energy solutions to the country”, added Sudhir Nunes, Chief Executive Officer for Wind at Orange Renewable.

Present in the market since 2009, Siemens Gamesa has installed over 5 GW in India. The company has been the leading OEM in India for the last three years, according to MAKE Consultancy.

December 27th 2017
Rooftop PV Presents a $23 Billion Opportunity in India Over The Next 5 Years

India is accelerating development of renewable energy projects to provide cheap, reliable and clean power to its 1.3 billion people. The country’s per-capita on-grid electricity consumption has increased significantly over the four years; due to increased industrial activity, higher uptake of electrical appliances by residential electricity users and the addition of new consumers to the grid. During this period, the cost of electricity from rooftop PV has halved, due to fierce competition in the market and a drop in equipment prices. In contrast, average retail electricity rates have increased by 22% in the same period. This has made rooftop PV cheaper than commercial and industrial grid tariffs in all major states in India.

January 22nd 2018
EV, Renewables See CO2 Emissions Plateau By 2030, But Far From 2 Degree Pathway

Major shifts in the global energy landscape, particularly related to electric vehicles (EVs) and renewable energy sources, mean that MEI expects global CO₂emissions to plateau by 2030. However, increased global energy demand means emissions will remain at more than double the level required for a 2 degrees Celsius warming pathway. Ole Rolser, Associate Partner and Solution Leader at MEI, comments: “Despite the significant momentum around EVs and renewable energy sources taking an increasing share of the power market, to realise the 2 degrees pathway scenario, we’d have to see much broader, much more disruptive change than what we’re seeing now.”

January 19th 2018
Chinese Solar Surge Fuels Overall Global Growth In Clean Energy Investment

World clean energy investment totalled $333.5 billion last year, up 3% from 2016 and the second highest annual figure ever, taking cumulative investment since 2010 to $2.5 trillion. An extraordinary boom in photovoltaic installations made 2017 a record year for China’s investment in clean energy. This outpaced changes elsewhere, including jumps in investment in Australia and Mexico, and declines in Japan, the U.K. and Germany. The figures up 3% from a revised $324.6 billion in 2016, and only 7% short of the record figure of $360.3 billion, in 2015.

January 8th 2018
Vestas Sets 10.6 GW Record In 2017 After Year-End Surge; Ups Cashflow Guidance

Vestas has received a firm and unconditional order for 190 MW of 4 MW platform turbines in the U.S. taking the global order intake for the company in 2017 to 10.6 GW, surpassing 2016’s record order intake of 10.5 GW. The surge of orders at the end of the year has resulted in the company revising its guidance for free cashflow upwards. It now expects the free cashflow for 2017 to be €1.15bn-€1.25bn, as compared with the previous guidance of €450m-€900m. Markets have reacted favourably with the company share price experiencing an increase of 5%. 

January 5th 2018
Nordex Benefiting Increasingly From Renaissance Of Spanish Wind Energy Market

The Nordex Group is benefiting increasingly from the renaissance of the Spanish wind power market: utility Gas Natural Fenosa Renovables (GNFR) has now ordered 58 AW132/3300 from the company in December. The contract covers the installation of six wind farms as well as multi-year services for the turbines. Construction of the first turbines will commence in the summer of 2018 and all the projects are located in regions of Spain where the Nordex Group has manufacturing facilities. In addition, the towers will be produced locally using the process developed by the company.


 

   

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