Chennai-based Gamesa India, the Indian subsidiary of Spain’s Gamesa Group, is all set to expand its wings to new regions of Maldives and Myanmar. The company will be expanding its wind turbine business in these countries, as both Myanmar and Maldives offer big scope for wind power generation.
Myanmar as the once closed economy opens up for foreign investment, and Maldives too offers huge scope for the wind turbine major. According to company sources, Myanmar has the potential to become one of the leading wind power markets with high wind speeds.
Speaking on the sidelines of a conference on renewable energy, `Green Power 2012′, Ramesh Kymal, Chairman and Managing Director of Gamesa India, informed that the company was eyeing at projects having scope of 100-150 MW in Maldives, whereas its work was in an exploratory phase in Myanmar.
Gamesa has establishe a foorhold in the Indian wind energy market with an installed capacity of 800 MW, and has an order book of 900 MW, of which 700 MW of projects are in coastal states such as Tamil Nadu, Karnataka, Maharashtra and Gujarat, and the remaining in Rajasthan. . A similar level of investment is likely to be made in the next phase by 2013.