The company says it hit this mark after it commissioned power converters accounting for 2 GW of installed capacity during the first semester of 2015, a 17% increase over the previous year. This increase was mainly accomplished by targetting two of the world’s largest emerging wind energy markets, Brazil and India.
Ingeteam opened its Brazilian subsidiary Ingeteam Ltda. in 1999 and started producing wind power converters in 2011 at its manufacturing facility in Sao Paulo. Since then, the company has supplied 1.5 GW wind energy capacity to this market. Ingeteam says this accounts for more than 20% of all installed wind power capacity in the country. And in India Ingeteam reports ending 2014 with more than 20% of all installed wind power capacity in the country.
According to GWEC, Brazil was the world’s 4th largest market with nearly 2.5 GW installed last year, and moved into 10th place in the global cumulative rankings. India is the second largest wind market in Asia and added 2,315 MW of new wind power in 2014, up 34% from 2013. India’s cumulative installations reached 22.5 GW at the end of December 2014, keeping the Indian wind power market firmly in the top five rankings globally. Both, the Brazilian and Indian markets are expected to have grown substantially in 2015 and this positive trend of growth is expected to continue in the coming years.