Senvion acquires parts of Kenersys in India

17.08.2016

The wind turbine manufacturer Senvion has signed definitive agreements to acquire the production facilities for nacelles and infrastructure in Baramati, India, as well as the wind turbine inventory and service business of Kenersys India Private Limited.

The company is looking to expand its presence in India. Senvion can begin business operations as soon as the transaction is complete and it obtains the necessary permits for operating the 250-MW production plant.

The Kenersys product range includes wind turbines with capacities between 2 and 2.6 MW and rotor diameters of 82 to 120 metres. The company has a total capacity of 220 MW in India with a number of the large local customers. The acquisition will give Senvion comprehensive rights to Kenersys India's product range worldwide, including the K82 (2.0 MW), K100 (2.6 MW), K110 (2.4 MW) and K120 (2.3 MW) under development, all of which are registered with the National Institute of Wind Energy in India, making them immediately available for Senvion. In addition, Senvion is acquiring Kenersys India Private Limited's entire service business, which comprises a capacity of 220 MW.

“There are two main advantages of this acquisition: Firstly, we shorten our time-to-market in India rapidly and, secondly, we can build on a strong base to further align the Kenersys products with our existing Indian R&D organization and the well-known technical expertise from our Senvion tech centre in Germany”, said Jürgen Geißinger, CEO at Senvion. The expansion is very well timed: the Indian government has announced that wind energy will be increased to a total of 60 GW by 2022. Senvion can make a meaningful contribution to this and can also create additional jobs, Geißinger added. 

In February 2016, Senvion announced that India is a new key market and introduced Amit Kansal as managing director of Senvion India. “The facilities in Baramati will give Senvion a ready home for production and is further supported by a product portfolio of German designed products of Senvion and Kenersys India, some of which have already been successfully localized to India, and key client relationships”, Amit Kansal explained.

A research and development team has been working full time in Bangalore since 2015 to provide product development support for Senvion, which has its headquarters in Osterrönfeld, northern Germany.

Senvion / Tanja Peschel

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