Suzlon Energy has a new competitor in the Indian wind market. Senvion GmbH, an erstwhile Suzlon company, is entering the Indian market and has appointed Amit Kansal as new CEO and MD of Senvion India. Hamburg-headquartered Senvion will start operations in India on Monday.
Kansal, who was former commercial country manager at Vestas India, will lead the Senvion office in Delhi as well as the Senvion R&D Center in Bengaluru that supports Senvion’s global TechCenter in Osterrönfeld, Germany. The Senvion India subsidiary will focus on providing the high-quality wind energy solutions for Indian wind sites, a company release said.
Senvion manufactures onshore and offshore wind turbines and is present in 20 countries in five continents.
Jürgen Geissinger, CEO of Senvion, identified India as the core market and said India was a market where Senvion could offer the right products and services.
Kansal said given the strong initiative by Indian government on renewable energy, it was the right time for Senvion to enter the Indian market. “India has huge potential in wind power. What this market needs is an agile and fresh-minded company that is willing and able to apply new approaches and adapt to these needs. Senvion will begin in India as a start-up with exactly these qualities and with a parent company with long-standing experience and solid R&D that is able to strengthen and back up its operation,” Kansal said.
In early 2015, Senvion was acquired by funds advised by the investment firms Centerbridge Partners and Arpwood Partners and has since successfully embarked on a transformation plan that includes increased investment into research and development for product development, and further global expansion.