Windar continues to fly in India
The wind turbine specialist has picked up another new order in India, this time from a well-respected research institute
Company
LON:WPHO
Windar Photonics is a technology group that develops cost-efficient and innovative Light Detection and Ranging (“LIDAR”) optimization systems for use on electricity generating wind turbines. LIDAR wind sensors in general are designed to remotely measure wind speed and direction.
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The wind turbine specialist has picked up another new order in India, this time from a well-respected research institute
The customer is an unnamed Indian power generating company with 800Mw of capacity currently
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A major US wind farm owner has placed another order for more wind sensors
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The project is sponsored by the Danish EUDP agency and includes a combined cash grant of €1mln over two years
Funds will be used to support the company's strategy to capitalise on the demand for its WindEYE and WindVision Light Detection and Ranging technologies
“The group expects a substantially improved result in the second half due to both increased sales and a cost reduction programme”
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The AIM-listed company has completed one order already, and has two more from “top ten” wind turbine manufacturers
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"In 2015, Windar made significant process in increasing its global brand recognition with wind turbine manufacturers and wind park operators,” Rambusch said.