Perhaps the largest renewable energy company in India has announced achievement of a huge milestone.
Suzlon Energy, an integrated wind energy solutions provider, last month announced that it now controls 20 gigawatts of operational wind energy capacity in India.
This capacity gives Suzlon an overall share of 35% in India’s total wind energy capacity and 22% of India’s renewable energy capacity.
Suzlon Energy services and operates several of these projects on behalf of its customers that give the company a free hand in managing the projects from site identification to commissioning and operations.
The 10,000 megawatts capacity is installed in the form of more than 7,500 wind turbines. The capacity, Suzlon claims, is sufficient to power more than 5 million households and offset around 21.5 million tonnes of carbon dioxide emissions every year.
Once the leading original equipment manufacturer in the Indian wind energy market, Suzlon progressively lost market share to Gamesa. The Spanish turbine manufacturer has been the leading OEM in India for the last three years now.
In June last year, Suzlon Energy Chairman Tulsi Tanti, while interacting with an Indian media outlet, said that the company plans to increase market share in the Indian wind energy market to 40% this financial year, up from 26% in the previous financial year.
The company seems to be exulting such confidence after it financial position improved significant in the last quarter of previous financial year. The company reported its first profit in three and a half years in the quarter ending March 2016.
Suzlon entered the solar power market winning 210 megawatts capacity in competitive auctions. The company also opened a new blade manufacturing facility in the state of Madhya Pradesh.
