Senvion to establish R&D center in India

Senvion 2

Germany-based international offshore and onshore wind turbine manufacturer Senvion is establishing a research and development center at Bengaluru in India. The facility will open in September and is expected to strengthen Senvion’s Osterronfeld research facility in Germany.

Senvion, currently owned by European private equity firm Centrebridge Partners, had been a subsidiary of Suzlon. It was acquired by Centrebridge for 1 billion euros.

The company recently released its revenue figures for the financial year 2014-15. It showed Senvion had generated total revenue of 1,926 million euros, which was 6.6 percent growth compared with the previous year.

Total performance increased by 8.3 percent year on year and adjusted EBITDA for the last fiscal was 155 million euros — an increase of 6.2 percent from the 146 million euros in the fiscal prior to that.

Also, Senvion delivered and erected 683 wind turbines in 12 countries, with a total rated output of more than 1.8 gigawatts compared with 1.5 GW the year before that. It was an increase of 24 percent.

In the last fiscal, Senvion also developed its turbines further and launched the offshore prototype Senvion 6.2M152. The product promises a 20 percent increase in yield than the previous model due to the increase in rotor diameter.

Additionally, Senvion announced the launch of the Senvion 3.4M114 turbine along with its existing class of turbines in the 3MW class and offering optimum yield at locations with average wind speeds.

Ajith Kumar S