Siemens Gamesa not to bid for wind projects, will focus on EPC market

Gamesa, a Spanish wind power giant that has been operating in India for a decade, was taken over by Siemens in 2016

Siemens Gamesa Renewable Energy, the second-largest wind turbine maker in the world, will stay away from bidding for Indian wind power projects owing to changes in regulatory policy. 

The company, however, is looking at a strong engineering procurement and construction (EPC) market in the country as the demand for cost-efficient wind turbine generators grows.

Talking to Business Standard, Markus Tacke, Siemens Gamesa Renewable Energy chief executive officer (CEO), said changes in the regulatory regime in India had a considerable impact on the global business of the company.

“India is a key market which accounted for 30 per cent of company’s revenue (Mw equivalent)