GE, Siemens Win India Solar Turbine Orders to Offset U.S. Slump
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General Electric Co., Siemens AG and Areva SA have won orders from India’s largest solar plants requiring conventional turbines, helping to offset a slump in the U.S. where developers are scrapping such projects.
Reliance Power Ltd., controlled by billionaire Anil Ambani, and Lanco Infratech Ltd. are among seven companies building a third of India’s planned sun-powered capacity to 2013 using solar-thermal technology which concentrates sunlight to boil water to power steam turbines.