Vestas to “re-enter” India with new strategy - report

Denmark’s Vestas Wind Systems A/S (CPH:VWS) is expected to soon unveil a “very different strategy” for the Indian wind power market, The Hindu Business Line said Monday, citing company officials.

The wind turbine maker will present its “re-entry” plans during a customer meeting on September 13. This was disclosed to the local business newspaper by Vestas India marketing and public affairs director, Amar Variawa.

After making its 1989 debut in India, the wind major sold some 3 GW of turbines there through 2012. Since then its local operations have been rather slow, with not one Vestas turbine erected in fiscal year 2015/16.

Vestas is building a EUR-65-million (USD 71.5m) carbon-fibre blade factory in Gujarat state to make cheaper blades and cut transportation expenses.

(EUR 1.0 = USD 1.100)

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