7/9/2014 List of Wind Energy Companies in India Pretenders or World Beaters | Green World Investor

http://www.greenworldinvestor.com/2010/10/18/list-of-wind-energy-companies-in-india-pretenders-or-world-beaters/ 1/4
China (http://www.greenworldinvestor.com/topics/world-markets/asia-world-
markets/china-world-markets/) ,Energy
(http://www.greenworldinvestor.com/topics/indian-capital-markets/energy-indian-
capital-markets/) ,Offshore Wind
(http://www.greenworldinvestor.com/topics/wind-renewable-energy-
greeninvest/offshore-wind/) ,Orient Green Power
(http://www.greenworldinvestor.com/topics/green-stocks/orient-green-power/)
,Suzlon (http://www.greenworldinvestor.com/topics/green-stocks/suzlon/) ,Wind
Energy (http://www.greenworldinvestor.com/topics/wind-renewable-energy-
greeninvest/)
13 people like this. Sign Up to see what your f riends like. Like
Wind Energy in India (http://en.wikipedia.org/wiki/Wind_power_in_India) is the biggest Green Industry
currently with around 1 GW of Wind Power Capacity being installed in a year on average.The Growth in
Wind Industry has been driven by states like Tamil Nadu who have heavily subsidized and promoted
Wind Energy (http://greenworldinvestor.com/2010/09/27/green-invsting-in-india-how-tamil-nadu-became-the-
biggest-alternative-energy-state/) .Indias installed capacity at around 13 GW of Wind Power the worlds 5th
largest Wind Energy Producer.However India remains far behind China in terms of Wind Energy Growth
.Last Year China installed nearly 13 GW of Wind Energy which is more than Indias total installed capacity
of Wind Energy.With a target of around 230 GW by 2020,China is on track to install 20 GW of Wind
Capacity a Year in the next 10 years which would make India a Pygmy.Also two of the largest Wind
Turbine Producers Sinovel and Goldwind (http://greenworldinvestor.com/2010/05/17/green-ipo-chinese-
wind-heavyweight-goldwind-gets-approval-for-1-5-billion-hong-kong-listing/) are from China.India despite
producing a world class company Suzlon in the early states of Wind Industry Development is
struggling.Suzlon has fallen on very hard times (http://greenworldinvestor.com/2010/08/17/indian-wind-
energy-company-suzlon-fallen-angel-or-falling-knife/) running big losses while other Wind Companies are of
hardly any decent size.
Offshore Wind Energy is the next frontier in Wind Energy Expansion and Chinese companies like Ming
Yang Wind Power (http://greenworldinvestor.com/2010/09/28/chinese-renewable-energy-company-ming-
yang-wind-power-to-ipo-in-us-should-you-buy-it/) ,A-Power are aggressively investing to gain an initial
advantage.Indian Companies on the other hand lack resources and ambition to become big players.With
the entry of South Korean Shipbuilders and companies like Northrop Gruman,India will soon face massive
competition.Wind Energy Industry in India looks to have a bleak future and will mainly become a technology
buyer with small production bases established by foreign firms.Here is a list of Wind Energy Companies in
India.
List of Domestic Wind Electric Generators (WEG) Suppliers.
1) Suzlon Energy Suzlon Energy (http://www.suzlon.com/) is the biggest Wind Energy Company by far
with 4-5 Gigawatts of WTG Capacity per year.Its subsidiaries Hansen Transmission and RePower are also
big players in the Wind Energy in Europe.The Company has seen its revenues and profits take a huge hit in
recent times but has been recovering slowly.
2) RRB Energy The company (http://www.rrbenergy.com/profile.asp) has a long history and
List of Wind Energy Companies in India Pretenders
or World Beaters
Abhishek Shah wrote on 18 Oct, 2010
Companies In China
hktdc.com
Source quality products at Best
SMB Site - hktdc.com
7/9/2014 List of Wind Energy Companies in India Pretenders or World Beaters | Green World Investor
http://www.greenworldinvestor.com/2010/10/18/list-of-wind-energy-companies-in-india-pretenders-or-world-beaters/ 2/4
manufactures Wind Turbines at its plants in Tamil Nadu.The Company has a capacity of 300 MW which it
is expanding to 700 MW.The Company makes only 2 models with power rating of 600 Kw and 1.8
MW.Merill Lynch has made a small investment in this company.
3) NEPC India This company (http://www.nepcindia.com/) was one of the wind energy heavyweights and
a stock market darling earlier.However It no longer remains an active player in the Indian market .Heavy
Debt and Bad Management drove to this company to the ground despite being a pioneer in the Indian Wind
Power Market.
4) Auro Mira Energy (http://www.auromiraenergy.in/html/areasofoperations.html) The company is more
of a Green Utility rather than a full fledged WEG manufacturer.It has made plans to manufacture Wind
Turbines in the future.It has attracted funds from Baring and IFC to push forward its Green Plans.
5) Regen Powertech (http://www.regenpowertech.com/) - It is a small scale WTG Supplier like RRB
Energy which recently set up a small 300 MW manufacturing facility in Tada,Andhra Pradesh recently.The
company licenses technology from Vensys to manufacture 1.5 MW gearless Wind Turbines.The company
has managed to supply both big and small wind farms over the last 2 years.The company is supported by
the PE arm of Future Group.
6) WinWind (http://www.winwind.com/about-us/production-facilities/) The company is not exactly a
domestic company rather one with a Finnish Origin.It is owned by the Abu Dhabi Masdar ,Siva Group and
the government of Finland.It has recently estalished a 1000 MW capacity in Venga,Tamil Nadu and also
has a 500 MW plant in Finland as well.The company plans to producer 3 MW Turbines at its Indian plant as
well.
7) Pioneer Wincon (http://www.pioneerwincon.com/main.htm) The company is a JV between the Pioneer
Group and Wincon of Denmark.It makes small 250 KW Turbines and is a bit player with 30 years of
operations in India.The Company remains a small static player in the Wind Energy Market of India.
8) Chiranjeevi Wind Energy (http://cwel.in/policy.html) A Small bit player like Pioneer Wincon which
engages mostly in the sale of small 250 KW Wind Turbines.Like Pioneer Wincon it has sold a number of
these Turbines to small companies mainly in the Southern Part of India.
9) Lietnar Shriram Limited (http://www.leitwind.in/) - The company is a 50:50 JV betwen the Shriram
Group of India and Lietnar of Italy.The company makes gearless turbines of 1.5 MW capacity and has
supplied to small farms in Maharashtra.The company has a major inhouse customer in the form of Orient
Green Power (http://greenworldinvestor.com/2010/09/20/analyzing-renewable-energy-utility-orient-green-
power-ipo-great-sector-and-growth-plansexecution-is-the-question/) which is building a 300 MW farm in
Tamil Nadu using Lietnar Shriram Wind Turbines.
10) Kenersys (http://www.kenersys.com/) - The company is part of the Baba Kalyani Group which is a
major forgings manufacturer in India.It was bought over in 2007,when the Kalyani Group and PE firm First
Reserve bought over the German company RSB Consult.The Company mainly makes 2 and 2.5 MW
turbines and has production facilities both in India and Germany.It has wind design capabilities between 1-
3.6 MW and with a powerful parent, it could become a success in the future.Amongst the newer wind
energy companies like Lietnar,RRB Energy,Regen and WinWind,it looks like the one with most potential.
Foreign Wind Turbine Manufacturers in India
Besides the Domestic players,all the Major Global Wind Heavywieghts l have Turbine Production Facilities
in India such as Vestas,Enercon,Gamesa,Siemens,GE .You can also find information about Wind Energy
in India from the following links
1) Wikipedia (http://en.wikipedia.org/wiki/Wind_power_in_India)
7/9/2014 List of Wind Energy Companies in India Pretenders or World Beaters | Green World Investor
http://www.greenworldinvestor.com/2010/10/18/list-of-wind-energy-companies-in-india-pretenders-or-world-beaters/ 3/4
2) IWTMA (http://www.indianwindpower.com/###)
3) INWEA (http://www.inwea.org/)
4) Wind Power in India (http://greenworldinvestor.com/2011/04/11/wind-power-in-india-what-you-wanted-
to-know-about-wind-turbinesindian-wind-companiessubsidiescapacityoffshore-wind-and-wind-farms/)
Summary
The Indian Wind Energy Companies are more of Pretenders than World Beaters.The Older WEG
Companies like Suzlon,NEPC,Pioneer Wincon have become a shadow of their former selves or have
completely shutdown.The newer entrants into the Wind Turbine Manufacturing scene dont seem to have
the resources or technology to become big.WinWind and Kenersys are the two Wind Energy Companies
with the most potential.Suzlon Energy despite its recent travails remains the best bet to become a World
Beater once again however its debt load and management dont inspire much confidence.
13 people like this. Sign Up to see what your friends like. Like
Google+ (https://plus.google.com/u/2/118237302436631024824?rel=author)
Search by Tags:: Capital Goods (http://www.greenworldinvestor.com/tag/capital-goods/) , Competition
(http://www.greenworldinvestor.com/tag/competition/) , CWET
(http://www.greenworldinvestor.com/tag/cwet/) , Electricity
(http://www.greenworldinvestor.com/tag/electricity/) , Energy
(http://www.greenworldinvestor.com/tag/energy/) , Environment
(http://www.greenworldinvestor.com/tag/environment/) , Government
(http://www.greenworldinvestor.com/tag/government/) , Green
(http://www.greenworldinvestor.com/tag/green/) , Investment
(http://www.greenworldinvestor.com/tag/investment/) , Labor (http://www.greenworldinvestor.com/tag/labor/)
, Marketshare (http://www.greenworldinvestor.com/tag/marketshare/) , Power
(http://www.greenworldinvestor.com/tag/power/) , Regulator
(http://www.greenworldinvestor.com/tag/regulator/) , subsidy
(http://www.greenworldinvestor.com/tag/subsidy/) , Tamil Nadu
(http://www.greenworldinvestor.com/tag/tamil-nadu/) , Wind Farms
(http://www.greenworldinvestor.com/tag/wind-farms/) , Wind Power Plant
(http://www.greenworldinvestor.com/tag/wind-power-plant/) , Wind Turbine
(http://www.greenworldinvestor.com/tag/wind-turbine/)
Abhishek Shah
Indian Wind Energy
Company Suzlon Fallen
Angel or Falling Knife
Chinese Renewable
Energy Company Ming
Yang Wind Power to IPO in
Northrop Grumman joins
other Global Shipbuilders
in Tapping Offshore Wind
Renewable Energy in India
Siemens establishes a
beachhead to sell Solar
You might also like:
62
(http://www.greenworldinvestor.com/2010/10/18/list-
of-
wind-
energy-
companies-
in-
india-
pretenders-
or-
world-
beaters/#comments)
Comment
(http://www.greenworldinvestor.com/2010/10/18/list-
of-wind-energy-companies-in-india-pretenders-or-
world-beaters/#comments)
2
ShareThis
(javascript:void(0))
13 Share
7/9/2014 List of Wind Energy Companies in India Pretenders or World Beaters | Green World Investor
http://www.greenworldinvestor.com/2010/10/18/list-of-wind-energy-companies-in-india-pretenders-or-world-beaters/ 4/4
(http://www.greenworldinvestor.com/2010/08/17/indian-
wind-energy-company-
suzlon-fallen-angel-or-
falling-knife/)
US Should you Buy it
(http://www.greenworldinvestor.com/2010/09/28/chinese-
renewable-energy-
company-ming-yang-wind-
power-to-ipo-in-us-should-
you-buy-it/)
Energy
(http://www.greenworldinvestor.com/2010/10/07/northrop-
grumman-joins-other-
global-shipbuilders-in-
tapping-offshore-wind-
energy/)
Thermal Plants and Wind
Turbines
(http://www.greenworldinvestor.com/2010/09/11/renewable-
energy-in-india-siemens-
establishes-a-beachhead-
to-sell-solar-thermal-
plants-and-wind-turbines/)