Gamesa signs 172MW India deals

INDIA: Gamesa has signed contracts to supply turbines to five wind projects in India with a combined capacity of 172MW.

Gamesa has installed 1.44GW in India to date

The Spanish turbine manufacturer will install 86 G97-2MW turbines at developments in the states of Madhya Pradesh, Gujarat, Karnataka, Rajasthan and Maharashtra.

Gamesa will manufacture the turbines at its Indian factories, for delivery over the course of 2015. The deals all include "medium- to long-term" operations and maintenance agreements.

The company declined to name the developers of the projects.

India has proved a key market to Gamesa as its Spanish home market grinds to a halt. The company has signed orders for projects in the country of around 500MW so far this year. This makes India Gamesa's second largest market in 2014, second only to Brazil.

In the first half of the year, India accounted for 30% of Gamesa's consolidated revenue.