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India

India

Senvion acquires Kenersys assets

INDIA: German manufacturer Senvion is continuing its expansion into new markets with the acquisition of the Indian factory and product portfolio of German firm Kenersys.

Senvion has acquired the Kenersys production facility in Baramati, west India
Senvion has acquired the Kenersys production facility in Baramati, west India

The agreement will see Senvion take over Kenersys' nacelle projection facilities, a four-turbine product portfolio with Indian approvals, inventory and service operations of its Indian subsidiary.

Senvion has acquired four turbine models in the 2-2.6MW range, with rotor diameters between 82 metres and 120 metres.

Kenersys has installed 220MW of the turbines in India to date, which Senvion will be responsible for servicing.

The turbines are listed with the National Institute of Wind Energy in India, meaning Senvion is able to market them as soon as the transaction is completed, the manufacturer said.

The factory in Baramati, west India, is able to produce 250MW of nacelles each year.

Senvion CEO Jurgen Geissinger said the acquisition had two main advantages.

"Firstly, we shorten our time-to-market in India rapidly and, secondly, we can build on a strong base to further align the Kenersys products with our existing Indian [research and development] organisation and the well-known technical expertise from our Senvion tech centre in Germany. By adding 2MW turbines with rotor diameters of 110 and 120 meters to our existing portfolio, we are able to offer our customers in India even more profitable and cost-efficient Senvion technology," Geissinger said.

Senvion announced it would use proceeds from its initial public offering in March to fund expansion into new markets, identified as part of its new strategy under owners Centerbridge Partners in 2015.

In February, Senvion opened an Indian subsidiary led by former Vestas commercial country manager Amit Kansal.

India is seen as an attractive market. In October, the government announced it is targeting 60GW of wind power by 2022 as part of its COP21 climate change pledge.

Senvion also opened an R&D centre in Bangalore, south India, in September 2015, which works alongside its site in Germany.

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