Strategic Expansion into Renewable Energy Manufacturing
Venwind Refex Power Limited, a newly formed subsidiary of Refex Industries, has announced an ₹800 crore investment to establish India’s first 5.3 MW wind turbine manufacturing facility. This move positions the company as a key player in India’s domestic wind energy supply chain, leveraging German technology to support the country’s 500 GW renewable energy target by 2030.
Key Project Highlights
✔ Investment: ₹800 crore
✔ Technology Partner: Vensys Energy AG (Germany) – 120+ GW global deployment
✔ Turbine Capacity: 5.3 MW (hybrid permanent magnet design)
✔ Specialization: Optimized for low-wind regions (2 m/s cut-in speed)
✔ Production Target: 5 GW annual capacity within 5 years
Why This Facility Matters for India?
1. Fills Critical Gap in Domestic Wind Manufacturing
- First major Make in India initiative for 5+ MW class turbines
- Reduces dependence on imported wind technology
- Supports India’s National Wind-Solar Hybrid Policy
2. Advanced German-Indian Technology Transfer
- Vensys’ permanent magnet generator technology (used by Goldwind)
- Hybrid drivetrain combines benefits of geared & gearless systems
- Low-wind optimization ideal for Odisha, Jharkhand, Central India
3. Economic & Industrial Impact
- Creates 1,000+ skilled jobs in manufacturing & maintenance
- Potential to export turbines to Asia & Africa
- Strengthens India’s wind energy component ecosystem
Leadership & Strategic Vision
Madhusudan Khemka (ex-ReGen Powertech) is spearheading the venture, leveraging his 15+ years in wind energy. The project aligns with:
✅ Atmanirbhar Bharat in renewable tech
✅ PLI Scheme for Renewable Manufacturing
✅ Global Net-Zero Commitments
Market Potential & Future Roadmap
- 2025-26: Facility construction & technology assimilation
- 2027: Commercial production begins
- 2029-30: Scale to 5 GW annual capacity
- Potential offshore wind turbine development