India is set to become a net exporter of wind turbine equipment after the decision by Vestas to start production of nacelles and hubs there. India exported $266 million of wind power generation equipment in the 12 months to Apr. 30 compared to $357 million of imports. Exports so far have been targeted toward the U.S., which accounted for 74.8% of the total in the 12 months to Apr. 30 and have been led by General Electric’s LM Wind. U.S. demand is undergoing a short-term surge ahead of the renewal of a key tax credit, with seaborne imports of equipment from all origins up 50.2% year over ...