Senvion India expands capacity production to two gigawatts (GW) by 2026. This expansion will be supported with an investment of ₹840 crore in research and development.
The Mumbai-based wind energy company is seeking to introduce advanced technologies, as it expands into new international markets, including Saudi Arabia and the European Union.
Chief Executive and Managing Director Amit Kansal informed that Senvion India plans to manufacture 6–8 megawatt (MW) turbines to better meet the competitive demands of the Middle East and European countries.
Launch of First 4 MW Wind Turbine Model
In collaboration with RE Technologies, Senvion India has introduced a 4 MW wind turbine model. The new turbine intends to cater to the demand for renewable energy and drive production capacity towards 2 GW.
Financial Growth and Market Standing
With a topline of over ₹2,500 crore and a debt-free balance sheet, Senvion India has reached profitability. The company currently holds a two percent share in India’s total commissioned wind energy capacity, trailing Chinese company Envision by forty-one percent, Suzlon by twenty percent, Inox Wind by fifteen percent, and Adani Wind by seven percent. Senvion India is actively fulfilling orders amounting to around 800 MW.
National Wind Capacity Growth Boosted by Renewable Goals
India’s wind energy capacity surged by seventy-two percent in the third quarter of 2024, rising from 411.5 MW last year to 706.5 MW, as reported by Mercom India Research. State distribution companies that aimed to meet their renewable procurement targets were the drivers of this expansion.
Senvion India expands capacity to Diversify: Manufacturing for Global Markets
As reported by manufacturingtodayindia.com, Senvion India has global ambitions. To fuel this, Senvion India expands its capacity to diversify its supply reach across multiple markets. The Managing Director, Amit Kansal also emphasized that the company will manufacture products in India to serve international demands.
