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Siemens Gamesa Renewable Energy has secured a new order in India from ReNew Power, India’s largest renewable energy Independent Power Producer (IPP).

Wind dominates the renewable energy (RE) segment with an installed capacity of over 34,000 MW. The segment, which was once the leader in RE, may lose its sheen as grid-connected solar energy may take over wind in the coming years

Given the amount of auctions rolled out currently and the expected future auctions for wind, and with the industry's manufacturing prowess, we can confidently say that the currently-set target of 60 GW can be achieved.

Despite falling costs, the solar EPC industry in India has hit a roadblock with multiple duties and land acquisition problems, and the answer for EPC companies may be to focus on captive projects like rooftop installations and scale up from there, feels Rahul Kamat.

Siemens Gamesa to install 135 units of its G114-2.0-MW wind turbines and 28 units of its G97-2.0 MW wind turbines across different sites which are set for commissioning by March 2018. Siemens Gamesa Renewable Energy has won wind power orders for a total of 326 MW from many independent power producers and Industrial customers in India.

Created in April 2017 with the merger of Gamesa Corporación Tecnológica and Siemens Wind Power, Siemens Gamesa Renewable Energy has combined annual revenue of Ç11 billion, an order backlog of Ç21 billion and a global installed capacity of 75 GW.