In recent times, India, with its burgeoning population and escalating energy demands, has faced the intricate challenge of balancing power generation with environmental responsibilities. In response to this pressing issue, the country has shifted its focus towards renewable energy sources to curtail India’s carbon footprint. Emerging as one of the fastest-growing clean power sources worldwide, wind energy holds substantial promise in fulfilling India’s sustainable energy requirements.
This meteoric rise in the adoption of wind power impacts the energy sector and leaves an indelible mark on the real estate market. As the wind energy sector flourishes, the demand for industrial and commercial spaces, fields and warehouses experiences an upsurge. In addition, this burgeoning industry necessitates office spaces, R&D centres and corporate offices, further bolstering the real estate sector. It’s evident that India’s real estate market is poised for continued growth in future, mirroring the ascent of wind energy.
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Business landscape in India
The business landscape in India is dynamic and diverse. It’s a land of opportunities with a thriving entrepreneurial spirit. Government initiatives like “Make in India” have further encouraged investment. India’s market is characterised by its large customer base, a thriving technology sector, and a growing focus on sustainability. It’s a land of contrast, where traditional industries coexist with cutting-edge startups. However, navigating through regulatory complexities can be a challenge. Understanding the diverse market and cultural nuances is vital to succeed in this rapidly growing economy.
Top wind energy companies in India
Continuum Wind Energy
- Industry: Power, Green Energy
- Sub-industry: Wind Energy
- Company type: MNC
- Location: Orchard Avenue Powai, Mumbai, Maharashtra – 400076
- Founded in: 2009
Continuum Wind Energy, headquartered in Mumbai, is crucial in India’s renewable energy landscape. Established in 2009, it’s a Singapore-based Continuum Energy Group subsidiary. With over 1 GW of wind energy assets, including 800 MW of installed capacity, Continuum Wind Energy focuses on developing, constructing and operating wind power projects. Its sustainability initiatives have earned them recognition and numerous awards.
ReNew Power
- Industry: Power, Green Energy
- Sub-industry: Wind Energy
- Company type: MNC
- Location: DLF City Phase-V, Gurugram, Haryana – 122009
- Founded in: 2011
Founded in 2011 by Sumant Sinha, ReNew Power is a prominent renewable energy player based in Gurugram, Haryana. This leading renewable energy company operates across 10 Indian states, primarily in wind and solar energy. With a total renewable energy capacity exceeding 10 GW, including 4 GW of wind power, ReNew Power has won awards for its sustainability efforts and actively promotes renewable energy adoption.
Vestas India
- Industry: Power, Green Energy
- Sub-industry: Equipment
- Company type: MNC
- Location: Old Mahabalipuram Road Elcot Sez, Sholinganallur, Chennai, Tamil Nadu – 600119
- Founded: 1997
Vestas India, a subsidiary of Vestas Wind Systems, is among the largest wind turbine manufacturers globally. Established in 1997, the company’s Chennai headquarters oversees its operations in the Indian wind energy market. With a range of wind turbines from 2 MW to 4.2 MW, Vestas India has installed over 3 GW of wind energy capacity. Vestas India offers a wide range of wind turbines onshore and offshore and remains committed to environmental sustainability.
Regen Powertech
- Industry: Power, Green Energy
- Sub-industry: Wind Energy
- Company type: MNC
- Location: Pantheon Road, Egmore, Chennai, Tamil Nadu – 600008
- Founded: 2006
Regen Powertech stands as one of India’s most diversified wind energy companies. Beyond manufacturing wind turbines, the company offers consultancy, supply, and erection of wind energy projects. Its state-of-the-art manufacturing facility in Andhra Pradesh produces permanent magnet generators for wind turbines. With over 1.8 GW of cumulative installed capacity, Regen Powertech is a significant player in the renewable energy sector.
Suzlon Energy
- Industry: Electrical, Electronics, Batteries, Power, Green Energy
- Sub-industry: Electrical, Electronics, Power Infrastructure
- Company type: MNC
- Location: One Earth, Hadapsar, Pune, Maharashtra – 411028
- Founded: 1995
Suzlon Energy, established in 1995, is a pioneering renewable wind energy company headquartered in Pune, Maharashtra. With a presence in over 18 countries, Suzlon specialises in designing, manufacturing and selling wind turbines. It has installed more than 12,800 MW of wind energy capacity in India and actively engages in corporate social responsibility activities.
Enercon India
- Industry: Power, Green Energy
- Sub-industry: Wind Energy
- Company type: MNC
- Location: Veera Desai Road, Andheri West, Mumbai, Maharashtra – 400053
- Founded in: 1984
Operating under the banner of Wind World, Enercon India has been harnessing wind energy since 1984. With a staggering capacity of 28 GW, it excels in power generation and technical and business support services. Enercon’s gearless drive concept and commitment to innovation have cemented its position in the wind power sector.
Gamesa Wind Turbines
- Industry: Power, Green Energy
- Sub-industry: Wind Energy
- Company type: MNC
- Location: Futura IT Park, B Block, Chennai, Tamil Nadu – 600119
- Founded in: 2009
Gamesa Renewable, a part of Siemens Gamesa, has operated in India since 2009. The company’s Chennai-headquartered overseas wind turbine design, manufacturing and operation and maintenance services. With a range of turbines suitable for offshore and onshore projects, Ganesha Renewable has installed over 6,000 MW of wind energy capacity in India. The company’s commitment to sustainable development and innovative technologies has earned it recognition and awards in India’s renewable energy sector.
Indowind Energy
- Industry: Power, Green Energy
- Sub-industry: Wind Energy
- Company type: MNC
- Location: Nungambakkam, Chennai, Tamil Nadu – 600034
- Founded in: 1995
Indowind Energy operates wind farms dedicated to producing wind energy. Located in Chennai, the company ensures continuous energy generation from its wind farms, even in low-wind conditions. Indowind plays a crucial role in meeting India’s electricity demand and offers a range of services in the power industry. With a growing presence in renewable energy, Indowind contributes significantly to India’s electricity demand.
Orient Green Power
- Industry: Power, Green Energy
- Sub-industry: Wind Energy
- Company type: MNC
- Location: T. Nagar, Chennai, Tamil Nadu – 600017
- Founded in: 2006
Orient Green Power operates wind farms across Tamil Nadu, Andhra Pradesh, Gujarat and Karnataka. With a portfolio of 402.3 MW of wind assets, the company contributes significantly to India’s renewable energy capacity. Orient Green Power is committed to sustainable development and aims to make a lasting environmental contribution through its renewable energy projects.
Inox Wind
- Industry: Power, Green Energy
- Sub-industry: Wind Energy
- Company type: MNC
- Location: Sector – 16A, Noida, Uttar Pradesh – 201301
- Founded in: 2009
Inbox Wind, established in 2009, is headquartered in Noida, Uttar Pradesh. Inbox Group’s subsidiary operates in wind turbine design, manufacturing, and project management for wind energy projects. Inbox Wind projects turnkey solutions for wind energy projects with a total wind power capacity of over 1.6 GW. The company has actively participated in the global wind energy market by exporting wind turbines and promoting renewable energy adoption in India.
Wind World India (WWI)
- Industry: Power, Green Energy
- Sub-industry: Power Infrastructure
- Company type: MNC
- Location: Wind World Towers, Andheri (West), Mumbai, Maharashtra – 400053
- Founded in: 1994
Wind World India, established in 1994 and headquartered in Mumbai, is involved in constructing concrete and steel wind turbines. The company operates manufacturing plants in Daman and Karnataka, employing thousands. Wind World India is a leading player in the wind energy industry and has contributed significantly to India’s wind energy capacity.
Commercial real estate demand in India
Office space: Wind energy companies are driving the demand for spacious office setups, leading to a commercial real estate market surge. This trend is resulting in the emergence of new office complexes and business hubs across various Indian cities. It does not only cater to the unique requirements of these firms, but it also contributes to the development of suburban and peripheral regions.
Rental property: The presence of wind energy companies has significantly impacted the rental property market, benefiting landlords and property owners. Due to this effect, rental rates are now competitive, and property value has improved, making it a profitable choice for investors.
Impact: The influence of these wind energy companies extends beyond real estate. As a result of their expansion, complexes that seamlessly combine residential, commercial, and retail space are becoming more common. This holistic approach caters to the needs of wind energy companies and enhances the creation of self-sustaining centres across India.
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Impact of wind energy companies in India
Wind energy companies in India play a vital role in the nation’s transition to sustainable energy. Harnessing wind power through turbines, they provide clean and renewable electricity. With a growing capacity and commitment, India ranks fourth globally in both renewable energy and wind power capacity. India’s impressive growth in wind capacity, with a projected increase to 52.48 GW by 2027, showcases its commitment to renewables. While onshore wind is well-established, the untapped potential of offshore projects offers significant growth opportunities. With suitable investments and policies, wind energy companies can significantly contribute to India’s clean energy journey, fostering sustainability and climate change mitigation.
FAQs
Which are the prominent wind energy companies in India?
Prominent wind energy companies in India include: Suzlon Energy, Vestas India, Orient Green Power
Are these companies involved in both onshore and offshore wind projects?
Some companies, like Suzlon Energy, primarily focus on onshore wind projects, while others, like Vestas, also have offshore capabilities.
What is the capacity range of wind turbines offered by these companies?
Depending on the manufacturer and model, wind turbine capacity typically ranges from 2 MW to 4.5 MW.
Do these companies offer maintenance and servicing for wind turbines?
Yes, wind energy companies in India provide maintenance and servicing facilities to ensure the optimal performance of wind turbines.
Are these companies involved in wind farm development, or do they solely manufacture turbines?
Some companies are engaged in both manufacturing wind turbines and developing wind farm projects.
What are the key advantages of wind energy in India’s energy mix?
Wind energy companies support India’s green energy initiatives by generating clean electricity and reducing greenhouse gas emissions. Critical advantages of wind energy in India’s energy mix include: Reduces dependence on fossil fuels Mitigates climate change Creates job opportunities
Which Indian state has a significant presence of wind energy companies?
Tamil Nadu has a substantial presence of wind energy companies due to its favourable wind conditions.
Are these opportunities for investors and job seekers in these wind energy companies?
Yes, these companies offer investment opportunities and job prospects in the growing renewable energy sector.
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