Gamesa bags order from IL&FS for 50-MW for wind farma project in MP

“We are glad to announce our first project with IL&FS, one of India’s leading infrastructure development and finance companies. Not only does this order boost our confidence significantly but also encourages us to continuously offer value for our growing elite client base through innovative tailor made solutions. This order takes us a step closer in our collective goal of addressing the growing energy needs in India and is one that we greatly look forward to completing,” commented Ramesh Kymal, chairman and managing director, Gamesa India.

In recent years, India has emerged as one of the most promising wind power markets with new capacity expected to increase to more than 30,000 MW from 2016 to 2025, driven by huge demand for electricity, according to consultancy firm MAKE. “The new orders obtained by Gamesa in India reinforce its solid commercial positioning. The company ended 2015 (CY) as the leading OEM in the country with a market share of 34 percent, compared to 25 percent in 2014 (CY), when it also was the market leader,” said Gamesa in a press statement. To date, Gamesa has installed over to 3,500 MW and services close to 2,800 MW, under O&M agreements.