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Driving Factors for Indian Wind Component Manufacturers to expand to Europe

The recent geopolitical events are driving the European OEMs and component manufacturers to bring their supply chain / vendors closer to them. This gives them comfort and confidence of being resilient and delivering projects on time. India stands 4th in its contribution to global supply-chain, with market share of 11%, 7% and 12% in Blade, Generator & Gearbox manufacturing. India's political stability, will and policy developments complemented by the ambitious industrial sector place Indian companies in a very interesting position. We share some opportunities and reasons for Indian wind component manufacturers to be present in Europe.
When 25.10.2023
What
Wind Power Business Conditions Cleantech

Opportunities for Indian companies expanding to Europe:No text in field

  1. Access European market by leveraging existing relationship with
    OEMs
    • Manufacturing in India, assembly in Europe. Thus providing
      cost advantage to the OEM`s
    • An active sales team could help in tapping into the larger
      market in Europe
  2. Access European and National funds – European Green Deal Industrial policy gives access to $270 Bn.
  3. Access to Skills & Technology
    • Partnerships with design and R&D eco-system in Europe will
      help Indian companies to comply with the manufacturing
      standards in Europe & the globe
    • Provide access to testing facilities for both on-shore & Offshore
      wind turbines
  4. Location advantage
    • Ready infrastructure to support large turbine designs for both on-shore & off-shore
    • The assembled and value added products can be shipped to any part of UK & Ireland, Europe and North America
    • Denmark is very well connected to Europe by Road, Rail, Shipping & Air. Whole of Europe can be covered within 3 hours by flight

Why make Denmark your hub for European activities?

  • Huge talent base for Wind industry both on-shore and off-shore - The area between Hamburg, Northern Germany and Jutland of Denmark is home to some of the oldest and technologically advanced eco-system in Wind Industry

  • Off-shore is a sunrise sector in India - Indian companies can learn, develop / transfer skills and technologies through close collaboration with Danish eco-system

  • Excellent facilities for R&D and Testing – Global hub for technology development, testing and certification in collaboration with Universities and Research & Development institutes

  • Existing infrastructures like Ports, Maritime industry ready to handle global standards of wind turbines. Enabling smooth distribution and logistics

  • Access to entire wind energy value chain – partners, suppliers and developers

  • Access to market – closer to customers & partners

The article is written by Indian Wind Power, August-September 2023 in their online magazine. 

Read the magazine here

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