Heo Yoon-hong, CEO of GS E&C (left), and Vishwajit Parmar, CEO of Ari Energy, sign a memorandum of understanding (MOU) in New Delhi, India, on the 20th. Courtesy of GS E&C.
GS E&C is joining forces with a local Indian company to secure a foothold in India’s renewable energy market.
GS E&C announced on the 21st that on the 20th (local time) in New Delhi, India, CEO Heo Yoon-hong signed separate memoranda of understanding with Ari Energy, an Indian renewable energy repowering company, and Suzlon Energy, an Indian wind power company. GS E&C and Ari Energy will jointly pursue a repowering business that replaces aging wind power plants in India with state-of-the-art turbines to increase power generation. The goal is to secure a total of 1 gigawatt (GW) of wind repowering projects in India within the next five years. With Suzlon Energy, the company plans to develop an integrated renewable energy business model that combines solar power, wind power, and energy storage systems.
Yoon Myung-jin
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