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Schneider Electric buys Canadian Xantrex

Construction of Hansen Drives' wind turbine gearbox facility in Coimbatore, India, is on track for start-up later this year. Hansen, based in Belgium, expects to invest $360 million over the next five years to bring the facility up to full capacity: production of 2500 gearboxes a year for 1.5-3 MW turbines to provide for 5000 MW of new capacity annually by April 2011. A further plant in China under construction will produce 3000 MW at full capacity by 2011. Meanwhile, Hansen is reported to be eyeing India's second largest industrial gearbox manufacturer, Shanthi Gears, as a potential takeover target. Shanthi extended its business into wind power a year ago and is planning a liaison office near Düsseldorf, Germany. It makes gears for the textiles, sugar and chemical industries. The privately held company denies reports that it is talking to Hansen. Hansen and its majority owner, Indian wind turbine maker Suzlon, refuse to comment.

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