The deal resulted in the two giants collaborating on the supply and installation of wind turbines for the Fatehgarh wind farm in Rajasthan
Photo for representational purpose
The sails of boats and the blades of windmills powered the world to an age of globalization. While cheaper sources of power gradually took the centre stage, wind power was relegated to minor roles. It was centuries before renewable sources of energy were explored as the world dreamt of a greener future.
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The discovery of wind as a potential energy supplier saw millions being invested in harnessing it. While the development of wind-farms in India may have been overshadowed by other green projects like solar plants, wind energy generation is witnessing a significant push after the recent raising of $1.35 billion debt by Adani Green Energy Ltd (AGEL) to fund its project.
This should not come as a surprise given the past projects of the Adani group. Back in 2020, Siemens Gamesa received orders from AGEL for one of the largest wind power projects in India. The deal saw the Adani-Siemens partnership gain traction.
The deal resulted in the two giants collaborating on the supply and installation of wind turbines for the Fatehgarh wind farm in Rajasthan. The agreement was a welcomed addition to the portfolio of renewable energy projects the Adani Group had envisioned.
Siemens’ involvement in the Indian scenario is not a new development. It is the oldest MNC in India with a continuing presence ever since its establishment in 1922. The globally reputed brand has made a name by developing parts for power transmission and generation. It is also heavily involved in wind turbine blades and generator productions.
The two giants had earlier worked together on the installation of the bipolar 500-kilovolt High Voltage Direct Current (HVDC) transmission line from the Mundra power plant to Mohindergarh, Haryana. The Mundra thermal power plant is rated at 4620MW and utilizes super-critical technology to generate electricity. The Adani-Siemens partnership made history by commissioning the first-ever private HVDC transmission link in India.
This was not the first time when the Adani Group and Siemens partnered for a mega project. Siemens had earlier worked with the former on projects totalling 391.2 MW.
Dr Armin Bruck, former Managing Director of Siemens Ltd. India, had said on the occasion, “This is the third HVDC order that we have bagged in India and we are extremely proud to win this order from Adani Power for transmitting bulk power from surplus area to deficit area. This order further reaffirms the edge that our products and solutions have in the energy segment. What makes this order special is the emphasis given by the customer on energy efficiency and our expertise to provide the best green HVDC technology”.
Furthermore, he added, “As India marches ahead on its growth path, power infrastructure will be crucial. As a leading player in the energy technology segment, Siemens is very optimistic about leveraging the market opportunities in this segment.”
The latest development will see the financing of the 1.69 GW solar and wind projects in Rajasthan. This indicates that Adani Group’s target of reaching 25GW capacity by 2025 is well on its coarse and a landmark that would make it the largest renewables company in the world.
Vneet Jaain, CEO, AGEL, said, “We believe that establishing depth and diversity in our funding resources is critical for AGEL's vision to become the largest renewable player in the world. The banks that have committed to this strategic transaction are our key partners in ensuring seamless access to global capital for our underlying renewable asset portfolio."
Given the strong foundation on which the Adani-Siemens partnership is based, this development would be critical for India’s vision of leading clean energy transition in the world and achieving its COP21 commitments.
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