Project Development, Wind Power

Suzlon Grows to Meet Demand

A wind-energy technology provider in India, Suzlon Energy, has begun installing more than 1000 megawatts (MW) in what the release states is the world’s biggest wind power project. To fulfill orders totaling US$719 million involving the power generation of 771 MW, the company expects to add another 500 MW by year-end in the Dhule district of Maharashtra.

Speaking at The India Equity Show organized by an information research company, Tulsi Tanti, managing director of Suzlon Energy pointed out growth drivers for the wind energy industry: cost competitiveness, increased environmental awareness, government initiatives, energy security and increased electricity demand. The company plans to control its cost per kWh by focusing on R&D in main product areas, component areas and through backward integration. The company recently acquired the AE-Rotor Holding BV, gaining 100% ownership of Hansen Transmissions International NV, Belgium. Hansen Transmissions is the world’s second largest wind turbine gearbox (WTG) manufacturer controlling 33% of the WTG market, according to the release. Tanti said his key “clients are freezing their power cost by investing in development of wind energy,” in reference to Bajaj auto, MSPL and Ramco. Suzlon Energy says it is Asia’s strongest growing fully integrated wind power company, ranking in the top ten in the world.