ABB India reaches 4.5GW milestone in delivering wind power generators made in India

ABB India, a pioneering technology leader in power and automation has strengthened its footprint in the renewables space with the achievement of a significant milestone in the wind energy business. Among the largest generator manufacturers for wind turbines, ABB has surpassed the 4.5GW mark with the delivery of over 2,000 units of wind power generators in the country. This is part of ABB’s next level strategy of driving the energy revolution with market focused technologies.

These generators for wind turbines are manufactured in a factory in city of Vadodara Gujarat, recognized as ABB’s one of the most advanced facility globally and the fourth such facility in the group. The factory has been awarded by India Wind Energy Forum (IWEF) 2016, and earlier by CII for its quality and manufacturing excellence. Established in 2010 to cater to future demand with indigenized offerings, it can manufacture wind power generators of ratings up to 3 MW.

“We are among the largest manufacturers of wind generators in the country and are privileged to partner the growth of the Indian wind sector, which currently is the fourth largest in the world,” said Sanjeev Sharma, CEO and Managing Director, ABB India. “The state of the art portfolio made in India provides a reliable system, which can guarantee continuous operation, maximum production of energy with the lowest lifetime cost. As the price gap narrows between electricity generated from thermal, solar and wind projects, quality solutions to optimize and integrate wind projects assume paramount importance to create long term value,” he added.

Electric generator is positioned at the heart of any wind mill and turbine, which converts natural power of wind into electricity. ABB generators are the result of more than 100 years of experience in electrical rotating machines and generators. The doubly-fed (DF) concept offers a cost-effective way to achieve variable speed operation, a good price per kWh, and to satisfy basic grid code requirements. ABB’s products have been supplied in projects across the states of Tamil Nadu, Gujarat, Maharashtra, Rajasthan and Madhya Pradesh. In addition, ABB is also building one of the world’s longest UHVDC links from Madhya Pradesh to Tamil Nadu, which will integrate wind power in the south with the main grid to serve demand centers of central and north India.

Currently, the country has a wind power installed capacity of ~28 GW. Around 10 percent of this was installed in 2015. Several policy and regulatory incentives are accelerating the country’s achievement of the 60 GW generation target by 2022. As per recent reports by the Indian Wind Turbine Manufacturers’ Association the capacity addition for wind projects for the fiscal year ending March 31, 2017 is expected to be around 4 GW. ABB Group has supplied components for over 40,000 wind turbines across the world.

Shares of ABB India Limited was last trading in BSE at Rs.1230 as compared to the previous close of Rs. 1207.25. The total number of shares traded during the day was 6176 in over 767 trades.

The stock hit an intraday high of Rs. 1231.2 and intraday low of 1210.1. The net turnover during the day was Rs. 7547067.

Source:-EQUITY BULLS

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