Press Release | November 2015
Ingeteam hits 30 GW installed wind capacity milestone
Ingeteam, an independent supplier of electrical conversion equipment, has announced that it reached the milestone of 30 GW of installed wind power capacity worldwide. The company hit this important mark after the commissioning of power converters accounting for 2 GW of installed capacity during the first semester of 2015, a 17 per cent increase over the previous year.
This increase was mainly accomplished by its leadership position in two of the world´s largest emerging wind energy markets, namely Brazil and India, which became the company´s core growth engines over the last few years.
Ingeteam opened its Brazilian subsidiary Ingeteam Ltda. in 1999 and started producing wind power converters in 2011 at its manufacturing facility in Sao Paulo. In India, established since 2012, Ingeteam has reached a clear leadership position. To date, about 8 per cent of all wind power capacity in India has been commissioned by Ingeteam.
India is the second largest wind market in Asia and added 2,315 MW of new wind power in 2014, up 34 per cent from 2013 and this positive trend of growth is expected to continue in the coming years.