Saturday, May 14, 2005

Global wind energy majors make India a manufacturing hub

Global wind energy majors make India a manufacturing hub

CHENNAI: In a boost to its manufacturing capabilities, global wind energy majors including GE, Enercon, and Vestas are turning to India to produce key wind energy components, making the country a sourcing hub for export operations.

GE Wind Energy, which has an assembling unit in Chennai, is exporting components including blades to China and other European markets, while Enercon India is exporting wind turbine generators to Germany, industry officials said.

"A major reason for the trend is lower costs in India and availability of skilled persons," said Mr V V Shanta Raman, secretary, Indian Wind Turbine Manufacturers Association.

Exports of wind energy components and even the entire wind energy equipment (except towers) are taking place from India, he said, adding during the last four years, the exports of such products from India stood in the region of Rs 40-50 crore per annum.

Other leading firms NEG Micon, Vestas RRB are also exporting components, generators and blades produced in India for the overseas markets. Vestas RRB recently announced expansion plans for its Chennai facility, sensing the potential for both domestic and overseas markets.

GE Wind Energy, which got into the sector after the acquisition of Enron's Wind Energy, was looking at India as a manufacturing hub for exports markets, said Mr M Saibaba, its general manager (marketing).

Last week, Spanish wind energy major Gamesa Eolica announced entry into India through a joint venture with Pioneer Asia for establishing a manufacturing facility in the country. - PTI