Ingeteam Announces 1 GW Wind Output From India Plant

At least one firm seems happy with their time in India so far.

Spanish electrical conversion and turbine control equipment supplier Ingeteam has announced the completion of 1GW of output within the first year of operations at its production facility in India. The firm, which set up its plant near Chennai in Tamil Nadu, had planned to sell in the Indian market as well as export from here. Its range of products includes Indar generators, electric motors, and submersible motors & pumps. The Group completes its products and systems portfolio with operation & maintenance services.

Ingeteam Chennai plant director Josep Garcia says: “Agility is at the core of Ingeteam’s production strategy.

“Our Chennai wind facility has been built on a modular design, which allows us to rapidly ramp production up or down according to ever-changing market conditions.

“This flexibility plays a big role in ensuring that our production centre remains both highly efficient and cost-effective.”

That has translated to an expansion to 4500 sq metres from its existing 3500 sq metres set up, besides introducing three new products to. The firm claims to have 82 employees in India currently.

Ingeteam made technology was deployed on 15% of the newly added wind capacity in India in 2018, according to the firm.

Garcia added: “I am very proud of my team, and grateful to our key suppliers for their professionalism.

“Reaching a production output of 1GW within the very first year is no small feat.“Year after year, we confirm our leadership role in this promising market.”

Ingeteam was earlier in the news in October when the firm snagged a EUR-70-million (USD 77.8m) loan from the European Investment Bank (EIB) to finance its research, development and innovation (RDI) programme focused on renewable energy and energy transition solutions.

The EIB had said then that the ‘Innovation Loan’, disbursed under the Investment Plan for Europe, will help Ingeteam to increase its global footprint and make the company competitive in the renewable energy applications segment. Specifically, the RDI loan will support the development of new solutions for energy storage, electric mobility, offshore wind power and the industry 4.0.