Corporate Development     

Published: February 15, 2024
Updated: February 15, 2024

Inox Wind Ltd

Latest wind turbines for India

Inox Wind Limited (IWL), one of India’s leading wind energy solutions providers, has signed an exclusive agreement with Germany-based Wind to Energy (W2E), a global provider of technology and design for wind turbines, to launch the 4.X MW wind turbine generator (WTG), which has been designed for low-wind regimes in India. It has always been Inox Wind’s endeavour to reduce the cost of wind energy for its clients and the 4.X MW turbine is another in the series of turbines launched by Inox Wind to achieve this target.

The 4.X MW wind turbine with a large rotor diameter is going to be a revolutionary product in India, improving energy yields, reducing levelised cost of energy (LCoE) and offering superior performance to harness low wind sites optimally, thereby setting new benchmarks in the Indian wind industry. Inox Wind is currently manufacturing and operating its 2 MW and 3 MW turbines with multiple blade and tower variants on existing perpetual licences with AMSC, with whom IWL has a very strong relationship.

While the company will target installations of its 4.X series WTGs across certain sites in the country, the 3MW series, with access to most major wind sites, will be the workhorse over the next several years

CUTTING-EDGE

On this landmark occasion, Kailash Tarachandani, CEO of Inox Wind, said, “The launch of 4.X MW wind turbines marks an important milestone for Inox Wind, as we continue on our exciting growth journey. These turbines can be upgraded with the use of boosters and will be available with multiple variants. This product reinforces our firm commitment to provide our clients with energy-efficient, superior output products and ensures that Inox Wind continues to play a pioneering role in the wind turbine industry in India. With a robust balance sheet, strong promoter backing, exceptional EPC capabilities and a large order book, the launch of the 4.X MW series turbines secures IWL on the technological front for the next decade, and places it on a solid footing for achieving strong growth ahead.”

IWL is India’s leading wind energy solutions provider servicing IPPs, utilities, PSUs and corporate investors. IWL is a part of the ~ $ 8 bn INOXGFL group which has a legacy of over nine decades and is primarily focused on two business verticals -- chemicals and renewable energy. IWL is a fully integrated player in the wind energy market with four state-of-the-art manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh, where blades, tubular towers, hubs and nacelles are manufactured.

With its state-of-the-art 3 MW series WTG offering, IWL’s manufacturing capacity stands at > 2 GW per annum. IWL’s subsidiary, Inox Green Energy Services Ltd, is the only listed wind O&M services company in India, having a strong portfolio of >3.2GW and a multifold growth path ahead.