Senvion has signed definitive agreements to acquire the wind turbine nacelle production facilities and infrastructure, complete product portfolio suite, wind turbine inventory and the service operations of Kenersys India Pte Ltd in Baramati, India, in order to further move ahead with its market penetration of its new core markets. The production facility of nearly 250 MW capacity has the potential to be expanded further, believes Senvion, which will be able to start its operations with the assets immediately after the closing of the transaction and obtaining the necessary approvals.
The product portfolio of the acquired assets ranges from 2.0 to 2.6 MW and rotor diameters from 82 to 120 m, with cumulative installations of 220 MW in India with some of the large local key clients. With this acquisition, Senvion gains full rights to own, enhance and sell the Kenersys India product portfolio worldwide, including K82 (2.0 MW), K100 (2.6 MW), K110 (2.4 MW) and K120 (2.3 MW) in development. In addition, Senvion takes over Kenersys’ entire Indian service operations.
Jürgen Geissinger, CEO of Senvion, says: "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 technical expertise from our Senvion tech centre in Germany. We believe that this acquisition comes at the right time for us when the Indian Government sets its sights on 60 GW of cumulative wind energy installations by 2022."
