India

India

SGRE overtakes Suzlon in India

Siemens Gamesa Renewable Energy (SGRE) seized new orders from embattled Senvion to surpass Suzlon as India’s top turbine supplier in 2019.

Siemens Gamesa exploited other OEMs' weaknesses to become the top supplier in India in 2019
Siemens Gamesa exploited other OEMs' weaknesses to become the top supplier in India in 2019

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SGRE supplied 30% (720MW) of the 2.4GW commissioned in India last year, becoming the market leader due to other manufacturers experiencing “operational issues”, BloombergNEF (BNEF) found — illustrated by it seizing 453MW of orders from Senvion.

Meanwhile, Suzlon — which struggled with mounting debt throughout 2019 — installed 460MW in 2019, half what it supplied the previous year.

Suzlon’s “financial and operational challenges” led to its market share falling by 22 percentage points to 19%.

Head of India research at BNEF Shantanu Jaiswal suggested if Suzlon continues to struggle with project execution, SGRE could strengthen its market leadership in India.

Other international OEMs could also try to steal Suzlon’s share he added.

Local media reports in January suggested the Indian manufacturer was due to present its lenders with a restructuring plan, asking for a 68% discount on its outstanding debt.

Elsewhere, Vestas’ 350MW of installations last year was 12% below its 2018 total, but its 15% market share was enough to make it India’s third top supplier in 2019.

Like SGRE, Indian manufacturer Inox Wind was able to exploit Senvion’s weakness, winning nearly 290MW of orders meant for the struggling German OEM.

This helped Inox nearly double its market share from 6% to 11% in 2019.

GE Renewable Energy’s 11% share came from just one power producer, while Envision Energy’s first two orders from India gave it a 10% share.  

Meanwhile, Senvion took just 1% of the market, losing 741MW of its 980MW order book from auctions to SGRE and Inox Wind.

As part of its well-documented restructuring, Senvion announced it was spinning off its Indian business into a wholly-owned but independent unit.

Local producers ReGen Powertech, Pioneer Wincon, RRB Energy, Global Wind Power and Leitwind Shriram took the remaining 4% market share last year.

Gujarat's 1.4GW of installations made it India's top wind power state in 2019 with a 59% market share, ahead of Tamil Nadu (28%) in second.

Maharashtra (9%), Karnataka (3%), Andhra Pradesh (1%) and Kerala (0.4%) accounted for the remaining capacity additions.

The windy states of Madhya Pradesh and Rajasthan did not add a single turbine in 2019.

BNEF expects 2.6GW of new capacity to be added in 2020 as land acquisition and transmission connectivity problems linger.

Last year's 2.4GW total installations marked a slight increase from the 2.3GW added in 2018, according to BNEF.

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