Vestas returns to India
After nearly shutting down operations two years ago, the wind giant is rebooting its Indian operations
Vestas is reinvigorating its operations in India. In September 2012, the wind giant announced that it was “scaling down sales efforts in the Indian market”, essentially shutting down its operations in the country to “re-evaluate its current business set-up and approach in India.”
Now, two years later, the company is set to return, headed by new managing director, Jorn Hammer, who has previously steered the company’s Australian operations. The company said that it was headed back to India with “a new business plan.”
Vestas India is recruiting new personnel and closing a deal for 11 turbines for a customer in Gujarat. Vestas was one of the earliest wind turbine manufacturers to set up shop in India and is returning at a time when the wind market is starting to look up. Over the past year the industry exceeded expectations by adding more than 2,000 MW of wind turbines, installing 800 MW in March alone.