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Senvion India targets 10 percent of wind capacity by 2026

Tuesday, 26 Nov 2024
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Senvion India, a wind turbine manufacturer, has announced plans to secure 10 percent of India's installed wind energy capacity within the next three years, up from its current 2.1 percent share. India is targeting 509 GW of renewable energy by 2030, including 110 GW from wind energy. However, the pace of installations has been lagging.

A key part of Senvion’s growth strategy is the launch of its new 4.2 MW turbine, specifically designed for the Indian market. This turbine, introduced in September 2023, addresses high land costs issues and limited availability of suitable wind sites.

The company's CEO and Managing Director, Amit Kansal, outlined the strategy, highlighting the importance of advanced technology and localized production to achieve this goal. He noted, “Senvion has around 1 GW of India’s 47 GW installed wind energy capacity, accounting for 2.1%, and we plan to add another 1 GW by the end of the next financial year.” The turbines will be manufactured locally, supporting India’s "Make in India" initiative.

Senvion plans to double its capacity to 2 GW by 2026, leveraging its manufacturing plants in Baramati in Maharashtra, Trichy in Tamil Nadu, and Baroda in Gujarat. The company also intends to explore international markets once the 4.2 MW turbine is commercialised in 2026.

With these innovations and expansions, Senvion India aims to play a pivotal role in boosting the country's wind energy sector while contributing to global renewable energy goals. In 2023, the country added only 2.8 GW of wind capacity, below the required annual rate of 9.3 GW needed from 2024 to 2030.

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