Page 11 - AsiaElec Week 40 2021

AsiaElec RENEWABLES AsiaElec

Senvion secures 591-MW wind

turbine contract from JSW

INDIA INDIA’S Senvion, now owned by Saudi Arabia’s contribute towards the vision of [the] Indian
Alfanar Group, has secured a contract to deliver government to achieve 450 GW of installed
591 MW of wind turbines to Indian private gen- renewable power in the country by 2030,” said
erator JSW Energy. Amit Kansal, MD & CEO of Senvion India.
Senvion India said that the deal involved the The project, whose name and location was
supply of 2.7-MW machines to JSW Energy, a not specified, is part of JSW Energy’s roughly
unit of Indian conglomerate JSW Group, from 2.5-GW fleet of renewable energy plants under
the first half of 2022. construction.
Once up and running, the wind farm will be Senvion India has been active since 2016 and
capable of generating enough electricity for more up to 85% of the turbines it supplies are pro-
than 450,000 local homes. Senvion will oversee duced domestically. The company was acquired
its management under a 10-year operations and by Riyadh-based Alfanar Group in July 2021.
maintenance (O&M) agreement. Prashant Jain, MD & CEO at JSW Energy,
O&M will involve Senvion’s Fleet-Pro service, said: “We are happy to work with Senvion in
which delivers high-quality digital interface with our flagship wind projects. Senvion presented
turbines, on-line prognosis and diagnosis and a high-quality proposal backed by quality tur-
prompt service to realise the full potential of the bines, strong engineering capability and an
wind farm, Senvion said in a statement. attitude to jointly work towards solutions for a
“It is a very satisfying win with JSW and Sen- successful execution of the project. We look for-
vion is very thankful for the trust JSW manage- ward to on-time completion of the under-con-
ment has put in Senvion’ solutions and team. struction wind projects.”
The success of such project depends on pre-en- JSW currently has 3,158 MW of thermal
gineering and optimisation which helps not capacity in India, along with 1,391 MW of hydro
only in winning but in execution later. The two and 10 MW of solar. JSW units JSW Future
teams are now working relentlessly to meet the Energy and JSW Hydro Energy are building 2.5
commissioning timelines and to build a world- GW of renewable projects. By 2030, JSW aims to
class project. Senvion is fully committed to have 20 GW of capacity, of which renewables will
deliver world-class technology and significantly account for about 85%. ™
Adani buys SB Energy for $3.5bn

INDIA INDIAN renewables developer Adani Green 700 MW nearing construction.
Energy has closed its $3.5bn acquisition of SB The bulk of the overall capacity, totalling
Energy Holdings, which owns a 5-GW renew- 4,180 MW, comes from utility-scale solar assets,
ables portfolio in India. while 450 MW is from hybrid wind-solar parks
The all-cash deal makes SB Energy Holdings, and 324 MW from wind farms. All projects have
also known as SB Energy India, a 100% subsidi- 25-year power purchase agreements (PPAs) in
ary of the Indian solar developer. The acquisition place with sovereign-rated counterparties such
is one of the largest yet in the Indian renewables as Solar Energy Corporation of India Ltd and
market. NTPC Ltd. The deal expands Adani Green’s
“This is one of India’s highest-quality renew- development portfolio to 19.8 GW and its oper-
able portfolios, with many of the assets being ational fleet to 5.4 GW. It has 57 GW under con-
solar park-based projects and constructed using struction and 8.7 GW nearing construction. The
best-in-class governance, project development, Indian firm has pledged to pour over $20bn to
construction and operations and maintenance expand its renewable power generation business
standards,” said Adani. in the next 10 years.
The acquired entity was previously jointly “This transaction takes us closer to becom-
owned by Japan’s SoftBank Group, which held an ing the global leader in renewables,” said Adani
80% stake, and Bharti Group of India with 20%. managing director and CEO Vneet S Jaain. “The
SB Energy’s portfolio consists of operational addition of these high-quality, large utility-scale
and under-construction renewable energy assets assets from SB Energy India demonstrates Adani
with a combined capacity of 4,954 MW, located Green Energy’s intent to accelerate India’s efforts
across four states, including 1,700 MW of plants to transition towards a carbon-neutral future.” ™
in operation, 2,554 MW under construction and

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