Inox wins 85 turbine India order
AMSC licensee Inox Wind has won a 170MW order for 85 wind turbines from developer Continuum Wind Energy for a project in Mahhya Pradesh State in central India.
Inox will also erect and commission the turbines, and perform project operations and maintenance. The order is among the largest turbine orders for a single India wind project.
“In pursuit of our strategy of creating efficient, large scale, world class wind farms in India, we are excited to partner with Inox given their technology generates more energy in low speed winds,” says Continuum Wind Energy chief executive Arvind Bansal.
Based in Singapore, Continuum Wind Energy is majority owned by Morgan Stanley Infrastructure Partners with $4bn in equity under management.
Inox is a subsidiary of Gujarat Fluorochemicals. It has between a 12% and 15% share of India’s wind turbine market, according to AMSC.
On a recent conference call, AMSC chief executive Daniel McGahn highlighted the importance of Inox for the US company’s efforts to resume growth and profitability.
Earlier this month, Inox placed a $40m order with AMSC for wind turbine electrical controls systems. It was the sixth and largest placed with AMSC by the 2MW licensee. It expects to begin shipments in the second quarter of the current financial year, completing deliveries in 2015