INOX Wind Ltd (IWL), a subsidiary of Gujarat Fluorochemicals, will set up a single location integrated wind turbine manufacturing facility in Madhya Pradesh's Barwani district.
The plant will be set up with an investment of over Rs 300 crore. INOX Wind has 400 MW of projects under it in Madhya Pradesh, making it the largest developer in the state. The company will be manufacturing Nacelles (800 MW capacity), hubs, blades (800 MW capacity) and towers (800 MW capacity), a company statement said here today.
The company will be manufacturing a 2 MW turbine and various variants including the 93 rotor diameter and the 100 rotor diameter. This complex will also be manufacturing Inox's Gen-Next 113 rotor diameter turbine.
The Barwani facility is spread over 45 acres and is bigger than other standalone manufacturing facilities of INOX Wind in Una in Himachal Pradesh and Rohika in Gujarat, the release said.
"The Union (rpt) Union government is aiming for 10 GW while country has done 3.2 GW till date, which is expected to exponentially grow. The Commissioning of our Barwani facilities will happen from April 2015 to March 2016. The manufacturing complex in Barwani will lead to an expected job creation in excess of 3,000 people," INOX Wind Director Devansh Jain said.
INOX plans to set up 2500-3000 MW in next two years. Due to continuous investment, it has been growing at 79 per cent CAGR even as the sector went through tough times in last few years, it said.
"Madhya Pradesh has huge untapped potential for wind energy. Over the coming years, the State may see a development of 500-600 MW per annum on a sustained basis and the company has ongoing projects in MP amounting to 400 MW in various parts of the State," Jain said.
INOX Wind already had manufacturing plants for blades and towers in Gujarat.
It has entered into a license agreement with a foreign firm WINDnovation to allow it to manufacture 100 meter rotor diameter rotor blade sets. As part of its initiative to increase inventory of project sites, INOX has acquired access to certain project sites in Rojmal in Gujarat, Dangri in Rajasthan, Bhendewade and Vaspet in Maharashtra and Palakkad in Kerala.