Finance, Other, Wind

PowerWind Ltd. sells first turbines of the acquired PowerWind platform to the US and Romania

PowerWind Ltd. (formerly known as RK Wind Ltd.) has sold its first two wind turbines of the type PowerWind 56 to the US and Romania. The turbines will be installed in April and August 2013. The former RK Wind Ltd. (renamed in February to PowerWind Ltd.) bought a major share of inventories, production-related assets and IP rights required for the production of PowerWind systems at the end of 2012.

PowerWind Ltd. is a joint venture between RS India Infra Power Ltd. (wind farm project developer) and PTC India Ltd., India’s biggest private provider of electrical power. PowerWind Ltd. has been producing 600kW wind turbines exclusively for RS India Infra Power.

“Through its large project pipeline and a financially strong mother company, PowerWind Ltd. offers the financial security we need to secure banks and clients. A team of former PowerWind employees ensures that the products retain their robustness and quality on a long-term base” says Marilyn Heib, the former team leader Sales Eastern Europe and now Head of Sales Europe and USA for PowerWind Ltd.

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