Industry News

Gamesa wins order to set up 50MW wind power plant in Andhra Pradesh

India: Wind Turbine Manufacturer Gamesa bagged the order to develop 50MW of wind power project in Indian state of Andhra Pradesh. The contract will include the delivery of 10 wind turbines each with 2 MW of capacity. The project is projected to be commissioned by March 2017. In 2015, Gamesa was the market leader in wind energy equipment and have installed 3000 MW of wind energy projects in the country till date.

TechSci Research depicts that the rapid expansion of renewable energy projects would surge the demand for power transmission and distribution network which is needed to supply power from the generating station to the demand centers. The deployment of power transmission and distribution lines would propel the demand for Power and Distribution Transformers which form a vital component in power evacuation infrastructure.

According to a recent released report of TechSci Research, “India Power & Distribution Transformers Market Forecast & Opportunities, 2020”, the power and distribution transformers market in India is projected to grow at a CAGR of over 10% till 2020. Power transformers contribute to a major portion in overall market revenues due to their higher price points. Under the 12th five-year plan (2012-2017), Indian government allocated USD200 billion for strengthening the country’s power generation, transmission and distribution sector. 

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