Alstom Hydro, a joint venture of Alstom and Bouygues, said the investment will enable it to double its test capacity for hydropower turbines, including pumped-storage units, reducing overall testing time and shortening delivery time.
The company said the research and development headquarters has been extended and modernized to meet increased demand for hydropower equipment around the world.
�With hydro being one the major renewable energy sources, the hydroelectric market has been growing over the past years as customers are increasingly looking for clean energy solutions that also allow them to diversify their energy production portfolio,� Alstom Hydro said.
The company said the Global Technology Center will further strengthen Alstom's position in the global hydro market where it already has a market share of more than 25 percent. The center is to be the key contact point for sharing research and technology with Alstom Hydro operations in areas such as Brazil, Canada, China, India, and Europe.