Gamesa enters PV solar market with a 10MW India EPC deal
Gamesa, a global technology leader in wind energy, has entered into an agreement for the development of 10 MW of solar power in India. This project, which will be commissioned in September, represents Gamesa’s initial foray into the photovoltaic solar sector.
Gamesa’s recently-unveiled 2015-2017 Business Plan contemplates analysis of businesses that complement its traditional business, such as solar power and offgrid, with the idea of exploring these synergistic markets in order to add value from 2018.
Against this backdrop, Gamesa has entered into an EPC contract encompassing four photovoltaic solar plants in the state of Tamil Nadu, in south-eastern India. It will build the facilities for three important textile makers in the region – Best Corporation, Shiny Knitwear and Santhosh Garments – some of which are already Gamesa customers in the wind segment.
The photovoltaic equipment to be fitted in these developments – seven Gamesa E-1.37 MW inverters and two Gamesa E-1.1 MW inverters – will be supplied from the Gamesa Electric factory in Coslada (Madrid).
Ramesh Kymal, Gamesa’s CEO in India explained:
“This début solar contract fits with the strategic goal enshrined in our 2015-2017 plan of exploring opportunities in businesses that complement the wind industry. The solar segment in India offers a potential of 750 GW, and the local government target is to reach 100 GW in 2022 from 3.8 GW today. Gamesa is keen to accompany its customers as they develop solar power projects in India, leveraging its know-how developing and managing renewable energy projects as well as its established and competitive local supply chain”.
Gamesa, present in India as wind turbine OEM and wind farm developer since 2009, boasts a solid position in this market, having ended 2014 as the number one player for the second year in a row with a market share of 32%, according to consultancy BTM. To date, it has installed close to 1,900 MW and services over 1,850 MW under O&M agreements. In addition, in its capacity as wind farm developer, it has developed over 1,300 MW.
Source: Press Release by Gamesa. Image Credit: Gamesa.
