Wind turbine manufacturer Senvion India plans to significantly expand its presence in the Indian wind energy sector.
The company aims to increase its share of the nation’s installed wind energy capacity from the current 2.1% to 10% within the next three years.
“Senvion currently contributes one GW to India’s 47 GW installed wind energy capacity. We aim to add another 1 GW by the end of the next financial year,” said Amit Kansal, CEO and Managing Director of Senvion India.
Annual Additions to Meet Growing Demand
India is expected to install 4-5 GW of wind energy capacity this financial year, and Senvion plans to contribute 600-700 MW, representing 15% of the annual additions.
This is a notable improvement for the sector but still falls short of meeting the country’s long-term goals.
India aims to achieve 110 GW of wind energy capacity by 2030, as part of its broader renewable energy target of 509 GW.
However, the sector faces challenges. In 2023, only 2.8 GW of capacity was added, far below the required annual addition of 9.3 GW between 2024 and 2030.
Competitive Market
Advisory firm MEC+ estimates that Senvion holds three percent of India’s total wind energy order book.
However, Kansal asserts the company’s actual share is higher. Of the 19.2 GW order pipeline, Envision leads with 41%, followed by Suzlon (20%) and Inox Wind (17%).
Kansal clarified that Senvion only considers firm orders backed by financial guarantees, excluding conditional agreements.
Pioneering Technology
Senvion India has launched the country’s first 4.2 MW wind turbine, specifically designed to address challenges like land scarcity and rising costs.
These advanced turbines feature larger rotors and blades for enhanced efficiency.
“Turbines in the 4-4.5 MW range with 160-170 meter rotors are ideal for India’s conditions,” Kansal explained.
The company will manufacture the turbines domestically, supporting the government’s Make in India initiative.
Expanding Capacity and Exploring Exports
Looking ahead, Senvion India plans to double its manufacturing capacity to 2 GW by 2026.
The company also intends to explore export opportunities after the 4.2 MW turbine becomes commercially viable.
Expansion plans include strengthening its facilities in Maharashtra, Tamil Nadu, and Gujarat.
Renewable Energy Goals
Senvion India remains committed to supporting India’s renewable energy goals.
Themachinemaker.com reports that the company is set to play a pivotal role in achieving the country’s ambitious targets. This is due to its focus on innovation and addressing industry challenges.
