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Converteam manufacturing facility in Chennai to open in Q2 2011

Converteam's converters manufacturing facility in Chennai is slated to open in the Q2 2011. It will cater to the needs of the growing renewable energy market in India both wind and solar.

Mr Peter Oram Director of Business at Converteam said "The opening of our converters manufacturing facility in Chennai will be a key driver for Converteam to serve the local wind and solar customers. This plant will complement our presence in India where we already have more than 500 engineers supporting Indian and global businesses."

In addition to the initial few converters the company has secured a contract from RK Wind to supply 230 full power wind turbine converters. The converters will be built and supplied from Converteam's new manufacturing facility in Chennai. Converteam's Kidsgrove factory in the UK will supply the core technology components and power modules.

Mr. Peter Oram said that "The Indian wind market is growing very fast and is progressively moving to larger variable speed turbines where Converteam can really make the difference."

Converteam has two main entities in India Converteam India near Delhi and Converteam EDC near Chennai.

Converteam India supports the engineering and commercial operations from its bases in Chennai, Mumbai, Delhi and Kolkata. The projects will also draw on Converteam’s resources in UK to deliver the engineering and manufacturing effort.

In March 2011 Converteam has signed an agreement with GE pursuant to which the financial Converteam shareholders commit to sell their shares to GE. Converteam will remain an autonomous profit center and will be the center of excellence for Power Conversion within GE Energy.

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