GS E&C partners with Indian renewable energy firms to expand portfolio
GS Engineering & Construction (E&C) has signed separate memorandums of understanding with two Indian renewable energy companies, marking the Korean builder's formal entry into India's growing wind repowering and hybrid clean energy markets, the company said Tuesday. GS E&C CEO Huh Yoon-hong attended both signing ceremonies held the previous day, the company said. GS E&C signed agreements with Arie Energy, an Indian wind repowering specialist, and Suzlon Energy, one of India's leading wind power companies, targeting the development of wind repowering and integrated solar-wind-battery energy storage projects across India. Under the agreement with Arie Energy, the two companies will jointly pursue wind repowering projects targeting aging wind farms in India — replacing older turbines with modern, higher-capacity units to increase power output and reduce early-stage development risks. The partnership sets a target of securing 1 gigawatt of wind repowering projects in India within the next five years.