2 GW Wind Turbine Contract: Gamesa, Caparo Announce Agreement

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Gamesa says it has signed a framework agreement with India-based power company Caparo Energy India Ltd. (CEIL) to deliver turbines with a combined capacity of 2 GW over the next five years.

The deal encompasses the delivery, installation and start up of Gamesa's G58-850 kW and G97-2.0 MW turbines between 2012 and 2016. The contract calls for Gamesa to supply Caparo Energy with about 150 MW of turbine capacity in 2012.

Gamesa will produce the newly contracted turbines at its factories in India. The deal marks the first time that Gamesa will sell its G97-2.0 MW turbines in the country, according to the company.

The wind sector in India has been growing at 30% to 40% per annum in the past five years, and the growth rate is expected to increase significantly in the coming years, according to Gamesa.

In March, Gamesa announced that it would invest more than 60 million euros in India through 2012 to build new manufacturing plants to meet the growing demand in the country.

Gamesa plans to open a turbine blade factory in Gujarat, India, with an initial production capacity of 300 MW, and will continue with the local production of its G9X-2.0 MW.

Likewise, Gamesa intends to open new manufacturing plants in the country to produce nacelles and towers (via joint venture) at several locations in the states of Gujarat and Tamil Nadu.

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