Windar to double capacity, invest Rs 150 cr in India

Source: The Hindu Business Line, Jul 05, 2012

Ahmedabad, July 5:  Windar Renewable plans to double its production of tubular towers in India with an investment of Rs 150 crore by 2014.

At present, the company has a tower manufacturing plant at Halol, near Vadodara, with a capacity to produce 500 towers a year.

The new site of the expansion project, yet to be decided, will be customer-centric. Companies entering the wind energy sector have outsourced production of tubular towers to Windar, which has developed the technology to erect such towers for offshore projects, a company official said.

An average tower, weighing 150 tonnes of steel, costs Rs 1.5 crore and produces 1.8 megawatt of wind power.

Windar Renewable, part of the Daniel Alonso Group, Spain, decided to double its capacity to 1,000 towers per annum within four months of its operations at Halol, as it has already received orders for the supply of 200 towers from Siemens, GE and ReGen for their wind power business in India and neighbouring countries, Mr K. Bharathy, CEO, told Business Line here on Thursday.

Gamesa, a wholly-owned subsidiary of the Spain-based Gamesa Group, has a 32 per cent stake in Windar, the first 100 per cent multinational company in India in this sector.

He was speaking on the sidelines of a CII conference on renewable energy, Green Power 2012. Apart from supplying tubular towers for wind energy projects of Gamesa, Windar will also supply towers to Siemens, GE and ReGen, among others, he said.

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