New entry: Barack Obama in Gamesa Wind Power Corp
SPAIN’S Gamesa, one of the world’s top wind turbine groups, said on Wednesday (January 11) it had opened its first blades factory in India as it seeks to tap rising demand in the country for wind power.The plant located in Vadodara in Gujarat employs 157 people and it cost the company $32m (£20.83m), Gamesa said in a statement.The factory is forecast to reach production capacity of 390 blades in 2013. It will mainly supply India’s northern states which offer promising wind energy potential.The new plant is part of a $77.16m (£50.25m) investment plan for India which the company announced last year.“This marks another step towards cementing our manufacturing presence in India, where we are also implementing our best technology and practices in wind turbine production,” said Gamesa India chairman Ramesh Kymal.Gamesa has identified India as a “strategic market”. The country accounted for 20 per cent of the megawatts sold by Gamesa worldwide in the third quarter of 2011 after its sales in India jumped by 2.8 times from the same year-ago period.In May 2011 the company signed a $2bn (£1.30bn) agreement with Caparo Energy Ltd to deliver wind turbines with a combined capacity of 2,000 megawatts over the next five years.It opened its first factory in India in early 2010, a plant dedicated to assembly of nacelles, the hub which sits atop a wind turbine tower and encases the gear box, drive train and other components at the centre of the rotor.Gamesa also has tower factory in India and plans to build a new factory in the country to produce nacelles.It currently has some 30 factories in Europe, the US, Brazil, China and India. The firm employs some 8,000 people around the world.
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