Chennai, Nov 16 (UNI) Vestas RRB India, a leading manufacturer of wind turbines, today announced its expansion plans into the North American wind energy market by exporting Wind Electric Generator (WEG) to Canada.
''Initially, we will be sending two turbines of 600 KW capacity to Canada with an export value of about two million dollars,'' company Managing Director Sarvesh Kumar told newspersons here.
The company would establish its presence in the rapidly evolving Canadian market. Plans were afoot to make further inroads into the US market by leveraging the company's engineering and quality expertise, he added.
Mr Kumar said the company's export figures would be 15 per cent from the total investment of Rs 1,400 crore for 2008.
Stating that the company would become a global leader in the sector in a couple of years, he said, Merrill Lynch, one of the leading wealth management companies, had invested 55 million dollars in the company recently, to set up new manufacturing facilities in Chennai and New Delhi.
On the technology applied in the WEG, he said, Vestas RRB WEGs were equipped with microprocess-controlled pitch regulation, ensuring continuous and optimal adjustment of angles of the blades in relation to the blowing wind.
Consul and Trade Commissioner of Canada Jean Pierre Hamel said, ''With the total wind power capacity of 1,451 MW, Canada is emerging as one of the potential markets of wind power generation. New entrants in the market will give us an upper hand to tap the potential.'' Canada had initiated steps to augment its installed wind capacity by at least six fold in the next eight years, he added.