Renewable Energy firm Gamesa Capitalizes Rs 300 crore in Andhra Pradesh

Renewable_energy_firm

Gamesa India, a renewable energy company, has inducted its greenfield integrated manufacturing facility in Nellore, Andhra Pradesh. The firm invested around Rs 300 crore in the facility.

The plant was initiated by Chief Minister of Andhra Pradesh, N Chandrababu Naidu. This is Gamesa’s major facility in India and forms part of Gamesa’s 100 million euro investment plan for India as declared in 2014.

The plant’s phase-1 work, which involved setting up of the integrated blade manufacturing facility for the G114-2.0 Mw wind turbine, was finalized in a record time of six months.

Phase 2, which is required to conclude in mid-2017 is underway, will see the manufacturing of generator, turbine blades  and other component assemblies for solar inverters and wind turbines.

An combined plant, the new manufacturing facility will seed the growth of several ancillary industries in the state. Now, the plant employs close to 500 personnel and will service about 1,000 people in the next three years, the company claimed.

Ramesh Kymal, chairman and managing director, Gamesa India supposed that India accounts for close to 30% of sales for Gamesa global, which styles India a very promising market.

“With the inauguration of the Nellore facility, one of the largest in the company in the world, Gamesa India will be integrated even more strongly to cater to the growing energy demands of the country. Achieving this milestone will ensure further development of clean energy footmark in India,” Jose Antonio Cortajarena, chief corporate – general secretary, Gamesa added.

Gamesa are presently India’s leading wind turbine manufacturer with a market share of 34%. It has appointed wind power projects close to 3,500 Mw.