Image Source: Reuters
ABB India Ltd has clinched a significant ₹1.74 billion order from Siemens Gamesa for the supply of wind turbine converters, marking a strategic milestone in India’s renewable energy landscape. The order comes at a time when both companies are recalibrating their roles in the global wind energy value chain, with Siemens Gamesa divesting its Indian wind business and ABB deepening its footprint in power electronics for renewables.
This development not only reinforces ABB’s position as a key technology provider in India’s clean energy transition but also reflects the evolving dynamics of OEM partnerships and supply chain localization in the wind sector.
Key Takeaways from the Order Announcement
ABB India will supply wind turbine converters to Siemens Gamesa under a ₹1.74 billion contract
The converters are part of the Doubly-Fed Induction Generator (DFIG) architecture, widely used in onshore wind installations
Deliveries are expected to begin in Q4 FY25 and continue through FY26, supporting Siemens Gamesa’s ongoing projects in India
The order is part of a broader collaboration between ABB and Siemens Gamesa following ABB’s acquisition of Gamesa Electric’s power electronics business
Strategic Context: Realignment of Wind Energy Operations
Siemens Gamesa’s Divestment in India
Siemens Gamesa is transferring 90 percent of its wind business in India and Sri Lanka to a new entity led by TPG, retaining only a 10 percent stake
The move includes the transfer of two manufacturing plants and around 1,000 employees
The divestment aims to localize operations and unlock growth in India’s 57 GW wind capacity pipeline by 2032
ABB’s Expansion in Power Electronics
ABB acquired Gamesa Electric’s power electronics division in late 2024, gaining access to DFIG converters, solar inverters, and battery energy storage systems
The acquisition added 40 GW of serviceable installed base and over 400 specialists across India, Spain, China, and the US3
This order from Siemens Gamesa is among the first major commercial wins post-acquisition, validating ABB’s strategic pivot
Technical Scope and Market Implications
The converters supplied by ABB will be integrated into Siemens Gamesa’s onshore wind turbines, enhancing grid compatibility and energy yield
DFIG technology allows for variable speed operation and reactive power control, critical for grid stability in high-penetration renewable zones
The order supports India’s push for localized manufacturing and technology transfer, aligning with the government’s Make in India and Atmanirbhar Bharat initiatives
Financial and Operational Impact
The ₹1.74 billion order will be booked under ABB India’s Motion business segment, which reported ₹2,912 crore in revenue in Q3 CY24
The deal is expected to contribute positively to ABB’s topline in FY26, with margin accretion from high-value engineering and service components
Siemens Gamesa’s retained stake and technology licensing agreement ensure continuity in turbine design and performance standards
Broader Industry Signals
The order reflects growing confidence in India’s wind energy revival, with OEMs and suppliers repositioning for scale and efficiency
It underscores the importance of strategic partnerships in navigating supply chain disruptions and technology transitions
With global renewable capacity additions projected to reach 940 GW annually by 2030, such collaborations will be key to meeting decarbonization targets
Conclusion
ABB India’s ₹1.74 billion order win from Siemens Gamesa is more than a commercial transaction—it’s a signal of strategic convergence in India’s renewable energy ecosystem. As Siemens Gamesa restructures its India operations and ABB scales its power electronics capabilities, the partnership is poised to deliver high-performance solutions for the country’s ambitious wind energy goals. The deal also exemplifies how global players are adapting to local market dynamics while staying aligned with long-term sustainability imperatives.
Sources: Siemens Energy, ABB News Center, 5paisa, Economic Times Energy.
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