GE Energy to set up wind turbine plant

GE Energy to set up wind turbine plant

Mumbai: US conglomerate General Electric’s energy arm said on Wednesday it is planning to set up a wind-turbine-generator plant in southern India that will start production in the second half of next year.

The plant will eventually have the ability to ship 300 wind turbines per year, a capacity of 450 megawatts, the company said in a statement.

The facility would also help GE Energy, which entered wind power in 2002 when it bought Enron’s wind assets, create a larger sourcing base from India for items such as blades, towers and gearboxes, the company said.

GE Energy, which has around 50% of the US wind turbine market share with 12,000 megawatts (MW) of wind power capacity installed, also operates in the coal, gas and nuclear sectors.

India is the fifth-largest market globally for wind power in terms of installed capacity, GE said. The US has the world’s largest share of wind power capacity.

GE Energy is one of the world’s leading suppliers of power generation and energy delivery technology - providing comprehensive solutions for coal, oil, natural gas and nuclear energy, renewabole resources such as wind, solar and biogas and other alternative fuels.

Union minister for New and Renewable Energy Farooq Abdullah, who was chief guest for the GE Day function said the government would promote renewable energy in a big way.

Noting that the availablity of fossil fuel is on the wane, he stressed the need to tap renewable energy for future use.