Gamesa nabs 46-MW turbine supply deal in India

Jul 3, 2013 - Spanish wind turbine maker Gamesa (MCE:GAM) said Tuesday it would deliver and install 46 MW of wind turbines for a project of Indian firm ITC Ltd (BOM:500875).

ITC is active in the fast moving consumer goods (FMCG), hotel, paper and packaging and agriculture segments.

The the order is for 23 Gamesa G97 machines, each with a capacity of 2 MW. They will be used in a wind park in India's southeastern state of Andhra Pradesh, which will be developed by ITC's subsidiary ITC Paperboards and Specialty Papers. Under the deal, Gamesa will also provide operation and maintenance (O&M) services for the wind turbines. The developer plans to switch on the wind farm in the first quarter of next year.

The Spanish wind turbine manufacturer last month secured 230 MW of orders from India. It grabbed a 130-MW order from China Light & Power India (CLP India), a unit of Hong Kong-based electricity producer CLP Holdings (HKG:0002), and a 100-MW supply deal from Indian green energy firm Greenko Group Plc (LON:GKO), which could be extended to additional 200 MW.

In 2012, Indian deals accounted for 12% of Gamesa’s sales. It has so far installed 830 MW of wind turbines in the Asian country and manages over 700 MW under O&M contracts.

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