Gamesa sets up shop in Sri Lanka - report

Spanish wind turbine supplier Gamesa (MCE:GAM) has established a unit in Sri Lanka, with plans to forward tenders for 300 MW of capacity there, local newspaper Daily Mirror said Thursday.

The company officially opened its new office on Wednesday. The new entity, named Gamesa Lanka Pvt Ltd, is 100% owned by Gamesa’s India-based subsidiary.

So far, the company has installed about 45.3 MW of wind capacity in Sri Lanka and has a share of more than 40% of the domestic market. Now, the new subsidiary plans to forward tenders through local partners for the 175-MW second phase and the 125-MW third phase of the Mannar wind project, according to the report.

Sri Lanka aims to meet 100% of its electricity needs with renewables by 2030. The country has some 20 GW of onshore wind potential, the Daily Mirror noted. It also has the option to export excess power to electricity-hungry India - another top market for Gamesa, in which the company ended up being the number-one original equipment manufacturer (OEM) last year.

In addition, the Spanish major plans to make a debut in the Sri Lankan solar industry, chairman and managing director of both Gamesa Lanka and India, Ramesh Kymal, was quoted as saying.

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