Azure Power has a pan India portfolio of over 7.4 GW of renewable energy assets either operational or under construction in the country, primarily in solar.
The wind turbine supply agreement, a first for Azure, will cater to its projects under the SECI Hybrid IV, SECI XI tenders and its other energy pipelines.
“Teams from both companies have worked relentlessly over the last few months to secure maximum value for the project. With this new joint approach, alongside our technological innovation, we are confident of delivering the right renewable energy solutions to the market,” said Navin Dewaji, India CEO of Siemens Gamesa.
Harsh Shah, CEO of Azure Power, said: “Wind energy is going to be an imperative element for delivering firm, reliable and clean energy to achieve the energy transition vision of the country.”
Siemens Gamesa said its installations in India recently surpassed the 8 GW mark. The company has blade factories in Nellore (Andhra Pradesh), a nacelle factory in Mamandur (Chennai, Tamil Nadu), and an operations and maintenance center in Red Hills (Chennai, Tamil Nadu). Siemens Gamesa is wind market leader with a 40 percent market share, according to consultancy Wood Mackenzie.