Khemka said the company has signed letters of intent worth 72 MW for solar inverters."
Chennai, Aug 20 - City-based wind turbine maker ReGen Powertech plans to come out with turbines with a capacity of 2 MW and higher in early 2016, an official said Wednesday.
ReGen is currently developing and testing wind turbines of sizes in excess of 2 MW and plans to launch the same early 2016, Anirudh Khemka, head of Renewables, Hybrid and Special Initiatives, told IANS.
Disagreeing with the view that ReGen is tad late as competition already has such machines, Khemka said: Our machines are different as it can work in low wind speed unlike others. We are certainly not late.
Currently the company makes 1.5 MW turbines with technology provided by German group Vensys at its factories located in Tada in Andhra Pradesh and Udaipur in Rajasthan.
Queried about the company's order book position, Khemka said it is around 600 MW for the current fiscal and the focus is mainly on independent power producers (IPP) segment.
Meanwhile, Khemka expects the market for the recently launched 2 MW class solar inverters between 1,600 - 1,800 MW per annum for the next three years.
Inverters are devices that convert variable direct current (DC) generated by renewable power plants like wind and solar into utility frequency alternating current (AC) that could be fed into a power grid.
According to him, the market is still in its infancy and fragmented with lot of imported components from Europe, America, China and Japan.
Khemka said the company has signed letters of intent worth 72 MW for solar inverters.
ReGen will manufacture three classes of solar inverters - 1 MW, 1.5 MW and 2 MW.