Schedule a Call Back
Saudi’s Alfanar acquires wind turbine maker Senvion India from Senvion
Industry News- Jul 12,21
Senvion India will provide full EPC and O&M solutions for wind power projects to customers in India. Riyadh-based Alfanar holds 600 MW capacity in India won via auctions conducted by SECI.
New Delhi
Saudi Arabia’s Alfanar has acquired wind turbine maker Senvion India from Senvion GmbH. The acquisition was done through a dedicated investment vehicle set up by promoters of Alfanar – Global Renewable Energy Development Holding Company Limited (GREDHCL).
Senvion India will provide full EPC (engineering procurement and construction) and O&M (operations and maintenance) solutions for wind power projects to customers in India.
Jamal Wadi, Managing Director of GREDHCL and President of Alfanar’s Energy and Renewable Business said that India is a strategic market and the company’s investment in Senvion India was the first step to become a major player in the Indian energy sector through services in the fields of renewable energy and grid substations.
Alfanar has 480-megawatt (MW) wind power projects that are operational and 1.67 gigawatts (GW) under different stages of development in India, West Asia and Europe. The company holds 600 MW capacity in India won via auctions conducted by state-owned Solar Energy Corporation of India (SECI).
India has the world’s largest clean energy programme and aims to achieve 175 GW of clean energy capacity by 2022. The country’s current wind power generation capacity is 38.78 GW. As part of its climate change commitments, India plans to reach 60 GW wind power capacity by March 2022.
Source – Mint
Alfanar
Jamal Wadi
Senvion India
Senvion GmbH
Global Renewable Energy Development Holding Company Limited (GREDHCL)
EPC (engineering procurement and construction) and O&M (operations and maintenance)
Solar Energy Corporation of India (SECI)
Indian energy sector
renewable energy
Related Stories
Electrical & Electronics
Vadodara power equipment makers see strong growth amid renewable energy boom
Vadodara has been a key player in power equipment manufacturing for five decades, home to around 200 medium and large manufacturers, including major names like ABB, Siemens, and Schneider Electric.
Read moreElectrical & Electronics
Govt to establish R&D centre for renewable energy components: Pralhad Joshi
In addition, Joshi revealed that a dedicated task force, including officials from the power ministry, MNRE, and key industry stakeholders, will be formed to expedite the efforts needed to meet the 5..
Read moreElectrical & Electronics
India to become leading solar PV exporter to US: Report
The report underscores that the Inflation Reduction Act (IRA) has provided a solid framework for renewable energy investments, particularly in solar energy, which has grown to 178 GW in 2023 from 15..
Read moreRelated Products
78 Series Din Rail Terminal Blocks
ELECTRICAL & ELECTRONIC EQUIPMENT
Werner Electric Private Limited offers a wide range of 78 series din rail terminal blocks.
Mig Welding Torches
ELECTRICAL & ELECTRONIC EQUIPMENT
ATE Welding Engineering Robotics & Automation offers MIG welding torches. Read more
Puma Lift Electric Stacker
ELECTRICAL & ELECTRONIC EQUIPMENT
Puma Lift Trucks Pvt Ltd offers a wide range of puma lift
electric stacker.
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
