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Senvion Holding GmbH, XS1608040090

Senvion Holding GmbH, XS1608040090

05.08.2019 - 13:31:17

Senvion India to gain operational control for better local market positioning

Senvion India to gain operational control for better local market positioning

Hamburg: Senvion today announced that it has decided to transform Senvion India into an independent standalone operational business unit. The new arrangement means that Senvion India can operate independently to offer all services to its clients including in-country turbine supply agreements, engineering, manufacturing, local R&D support and service provision. The arrangement will help the company serve local clients in a growing market in the best possible way by improving efficiency and streamlining operations. Senvion India will continue to remain a wholly owned subsidiary of Senvion GmbH.

Senvion India will be furnished with all licences to the extent necessary, R&D knowhow and technical support in order to strengthen local capabilities. The Senvion 2.3M series is the first fully modular platform that can be customized throughout India and other global markets to deliver business case certainty associated with lowest Levelized Cost of Energy (LCoE) to customers. The first 2.3M130 was recently installed in Gujarat and is one of the largest turbines installed in India, generating sufficient electricity to provide over 1,500 Indian homes with clean energy. The turbine is scheduled to receive full certification before the end of this year.

Yves Rannou, CEO of Senvion, says: "Senvion India is in a unique position within our business as it offers the full scope of supply, service and manufacturing. Combined with the significant potential for growth within the Indian market, this opportunity means that we can offer our customers even greater local support and full turnkey EPC provision while ensuring full access to localised R&D support for turbines. Simultaneously, we continue to focus on our accelerated M&A process to potentially sell Senvion as a whole."

Amit Kansal, CEO and Managing Director of Senvion India, adds: "This decision marks another important milestone for Senvion India, following on from the recent successful installation of the first Senvion 2.3M130. I believe this move will enable us to offer an even higher level of local quality R&D, engineering support and customer service to our clients."

Senvion India headquarters are located in Mumbai covering all sales, project management and service activities for the region. A dedicated Research & Development Centre operates out of Bangalore and the recently expanded nacelle manufacturing plant is located in Baramati.

About Senvion: Senvion is a leading global manufacturer of onshore and offshore wind turbines. The company develops, produces and markets wind turbines for almost any location - with rated outputs of 2 MW to 6.33 MW and rotor diameters of 82 metres to 152 metres. Furthermore, the company offers its customers project specific solutions in the areas of turnkey, service and maintenance, transport and installation, as well as foundation planning and construction. The Senvion systems are mainly designed in the major TechCenters in Osterrönfeld and Bangalore and manufactured at its German and Portuguese plants in Bremerhaven, Vagos and Oliveira de Frades as well as in ?ory-Warszowice, Poland and Baramati, India. With approximately 4,000 employees worldwide, the company makes use of the experience gained from the manufacture and installation of more than 8,200 wind turbines around the world. The company's operational subsidiary Senvion GmbH is based in Hamburg and represented by distribution partners, subsidiaries and participations in European markets such as France, Belgium, the Netherlands, the UK, Italy, Romania, Portugal, Spain, Sweden, and Poland as well as on a global level in the USA, China, Australia, Japan, India, Chile and Canada.

Vice President Capital Markets and Public Relations Dhaval Vakil phone: +44 20 3859 3664 mobile: +44 7788 390 185 email: dhaval.vakil@senvion.comSenior Manager Corporate Communications Katrin Rosendahl phone: +49 40 5555 090 3040 mobile: +49 173 3687 185 email: katrin.rosendahl@senvion.com  

 

End of Media Release Issuer: Senvion Holding GmbH Key word(s): Energy

05.08.2019 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

851913  05.08.2019 

@ dgap.de