in News Departments > FYI
print the content item

First Reserve Corp., an energy-focused private equity firm, has invested in Kalyani Group subsidiary Kenersys, the newly formed integrated wind energy company focused on design, assembly and marketing of wind turbine generators.

"We are pleased to welcome First Reserve as a strategic investor in our wind energy business," says B.N. Kalyani, chairman of Kalyani Group. "With their expertise and knowledge in the energy industry, we will be able to further strengthen our business in the wind energy sector."

The Kalyani Group currently supplies key wind turbine sub-components to component manufacturers and has utilized these relationships to secure components for Kenersys. The company plans to design and develop several key components for original equipment manufacturers and Tier I companies in the industry, thus reducing its reliance on outside suppliers.

Kenersys' initial products, 2 MW and 2.5 MW turbines, are currently in the detail design phase, with commercialization expected later this year or early 2009. The company says it will focus initially on assembling and marketing turbines in Europe and Asia Pacific, while other regions, including North America, are expected to follow.



Trachte Inc._id1770
Latest Top Stories

Sen. Grassley Makes Another Legislative Push For Wind PTC Extension

U.S. Sen. Chuck Grassley, a long-time wind power advocate, recently made an effort to bring attention to the importance of a production tax credit extension.


Alberta Breaks Wind Power Record, Then Does It Again

Last week, the Alberta Electric System Operator recorded new wind production peaks in the Canadian province - highlighting how well the grid integrated the renewable energy.


Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.

Canwea_id1984
Navigant_id1983
Renewable NRG_id1934