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Suzlon Energy > Company History > Power - Generation & Distribution > Company History of Suzlon Energy - BSE: 532667, NSE: SUZLON
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Suzlon Energy

BSE: 532667|NSE: SUZLON|ISIN: INE040H01021|SECTOR: Power - Generation & Distribution
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Jun 25, 16:00
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Company History - Suzlon Energy
The Company was incorporated in 1995 by Tulsi Tanti. Tulsi Tanti was
 primarily 
 in the textile business and was introduced to wind energy through a
 wind power 
 project that he had commissioned for his textile factory. The first
 subscribers to 
 the Memorandum were the family members and friends of Tulsi Tanti.
 
 The Company entered into a technical collaboration agreement in 1995
 with a 
 German company, Sudwind GmbH Windkrafttanlagen to source the latest 
 technology for the production of WTGs in India. Sudwind GmbH 
 Windkrafttanlagen was subsequently taken over by Sudwind
 Energiesysteme 
 GmbH (Sudwind).  The parties entered into a fresh agreement dated
 September 
 30, 1996, under which Sudwind proposed to share technical knowhow
 relating to 
 0.27 MW, 0.30 MW, 0.35 MW, 0.60 MW and 0.75 MW WTGs in consideration
 for 
 royalty to be paid on the basis of each WTG sold over the course of
 five years from the
 date of this agreement.
 
 The Company obtained the official non-exclusive, non-transferable
 license for the 
 manufacturing, marketing, dealing and servicing of APX-60 type blades
 from the trustee 
 of  Aerpac B.V upon its liquidation, for consideration of Euro
 200,000 vide an agreement 
 that was entered into between the trustee of Aerpac B.V and the
 Company dated June 
 4, 2001. This license is valid for an indefinite period. The Company
 entered into an 
 agreement dated April 10, 2001 with Enron Wind Rotor Production B.V
 for the
 acquisition of the moulds and the production line and technical
 support and assistance 
 for the production of the rotor blade type APX 60-P in India for
 total consideration of 
 Euro 500,000. Enron has granted these rights for the manufacturing,
 marketing and 
 dealing with the products for an indefinite period. 
 
 The Company introduced the concept of total solutions wherein, in
 addition to the 
 supplies of equipments, the client is offered project execution work
 comprising land 
 acquisition, site development, erection and commissioning, foundation
 and other civil 
 work  and O&M services. These services are offered in conjunction
 with the Associate 
 Companies.
 
 SWSL, a subsidiary of the Company, was incorporated in 1998 with the
 objective of 
 providing O&M for wind power projects set up by the Company. The
 Company has also set 
 up technological development centres in Germany and The Netherlands
 through wholly 
 owned subsidiaries. SEG, incorporated in 2001 and earlier known as AX
 215 
 Verwaltungsgesellschaft mbH became a wholly owned subsidiary of the
 Company in 2002. 
 AERT, a wholly owned subsidiary of AERH, which in turn is a wholly
 owned subsidiary
 of the Company, was incorporated in 2001 to engage in the development
 of technology 
 for rotor blades, a key component of WTGs.
 
 Further, Suzlon Energy A/S, a wholly owned subsidiary of the Company
 was 
 incorporated  in August, 2004 to supervise the international
 marketing activities of the 
 Company. It is proposed  that the entire non-India marketing
 activities of the Company 
 shall be coordinated through  Suzlon Energy A/S. SWECO, now a wholly
 owned 
 subsidiary of the Suzlon Energy A/S, was incorporated in 2001 to
 market, the WTGs
 manufactured by the Company in U.S.A. Further, Suzlon Energy A/S has
 another 
 wholly owned subsidiary, Suzlon Energy Australia Pty Limited, which
 was incorporated in 
 2004 to access the wind energy market in Australia. Suzlon Energy
 B.V. earlier known 
 as AE-Rotor B.V., The Netherlands, a wholly owned subsidiary of AERH,
 which is a 
 wholly owned subsidiary of the Company, was incorporated in 2001 to
 market the rotor 
 blades manufactured by the Company.
 
 Cannon Ball Wind Energy Park-I, LLC (Cannon Ball) was incorporated
 as a limited 
 liability company in July, 2002 for the purpose of setting up a wind
 power project in North 
 Dakota, USA. Cannon Ball is a wholly owned subsidiary of SWECO which
 is a subsidiary 
 of Suzlon Energy A/S. Further, a representative office of the Company
 was also set up in 
 China in 2003 to explore the Chinese market.
 
 2004
 
 -Suzlon Energy Ltd signs up MSPL's 3.75 MW Wind Power Project 
 -Suzlon Energy Ltd opens Representative Office in Beijing 
 -Suzlon Energy Ltd wins Composite Centre International Export
 Excellence Award at the International Exposition India Composites,
 2003 
 
 2005
 
 -Suzlon Energy secures maiden contracts in China & South Korea
 
 -DEG, Germany signs agreement with Suzlon Energy Ltd to finance US $
 10 million 
 -Suzlon Energy Ltd takes a major vertical integration step by setting
 up Suzlon Control System - MBU operations at Daman, India 
 
 2006
 
 -Suzlon Energy Ltd - Signed a turbine supply agreement with Edison
 Mission
 
 -Suzlon Energy Ltd - Signed with Edison Mission Group
 
 -Suzlon gets Rs 620 cr Australian firm project order
 
 2007
 
 - Suzlon Energy Limited has has appointed Mr. Andre Horbach as a
 global Chief Executive Officer of the Suzlon group.
 
 -  Suzlon Energy has issued zero-coupon foreign currency convertible
 bonds worth 0 million   to fund its organic growth initiatives.
 
 -Suzlon Energy Ltd signed a major new order with ONGC, India's
 leading Oil & Gas Exploration & Production (E&P) Company, for 51 MW
 of wing turbine capacity.
 
 
 -Suzlon Energy Ltd wins the Best PE/VC Backed Company Award from
 Venture Intelligence Apex 
 
 2008
 
 - Suzlon Energy Ltd has appointed Mr. Sumant Sinha as Chief Operating
 Officer (COO) with effect from August 01, 2008.
 
 - The Company has splits its face value from Rs10/- to Rs2/-.
 
 -Suzlon Energy Ltd enters Kerala with its first Wind Power Project
 commission of S52-600 kW turbine at Agali 
 
 -Suzlon Energy Ltd is first S88-2.1 MW wind turbine is commissioned
 by Deco Light Ceramics Ltd, in Gujarat, India 
 -Suzlon Energy Ltd Signs up with ONGC Limited - for 51 MW wind
 turbine capacity
 
 -Suzlon Energy Ltd signs up with Ayen Enerji Co. Inc. - for 31.5 MW
 of wind turbine capacity 
 
 
 2009
 
 - Suzlon Energy Ltd has informed BSE that Suzlon Energy Australia Pty
 Ltd., a step-down wholly owned subsidiary of Suzlon Energy Ltd has
 entered into an agreement with AGL Energy Ltd for supply of 54 units
 of Suzlon's S88-2.1 MW wind turbine generators translating to 113.4
 MW capacity in Australia in 2009.
 
 - Suzlon Energy Ltd has informed that the Company has appointed Mr.
 Robin Banerjee as its new Chief Financial Officer (CFO) and who has
 joined the Company with immediate effect.
 
 - Suzlon Energy Ltd has informed about the signing of an agreement by
 Suzlon with Technomash Bulgarian Industrial Group to deliver 12.6 MW
 of capacity through six numbers of Suzlon S88-2.1 MW wind turbines.
 
 - Suzlon Energy Ltd has signned a repeat order for 57 MW with Ayen
 Enerji of Turkey. The order will be supplied with 27 units of Suzlon
 S88-2.1 MW turbine, to be installed at the Seferihisar and Mordogan
 projects in east Turkey.
 
 -Suzlon bags Golden Peacock National Training Award 2008
 
 
 - 2010
 
 - Suzlon Energy has secured a seventh order from Rajasthan State
 Mines and Minerals for 31.5 MW of capacity.
 
 -  Suzlon Energy has signed the repeat orders with ITC Limited, a
 leading and highly diversified conglomerate, to set up, operate and
 maintain two new wind power projects in the states of Karnataka and
 Maharashtra.
 - Suzlon Energy bagged an order from ITC for supplying 27 MW of wind
 power turbines to projects in Karnataka and Maharashtra for an
 undisclosed amount. 
 
 - Suzlon Energy stated that it has received its first ever order from
 a subsidiary of Larsen and Toubro (L&T).
 
 - Coimbatore: Suzlon Energy Ltd has received an order from L&T
 Infrastructure Development Projects Limited to set up, operate and
 maintain 8.7 MW wind project in Tamil Nadu.
 
 - Suzlon Energy Limited (SEL) has bagged a repeat order from the
 Malpani Group in order to set up as well as operate and maintain two
 new wind power projects totaling 19.8 MW capacity, in Karnataka and
 Maharashtra.
 
 - Suzlon Energy bagged orders worth Rs 118.8 crore from Malpani
 Group.This is in order to setup, operate and maintain 2 new wind
 power projects in Karnataka and Maharashtra
 
 - Suzlon Energy Ltd stated that it has bagged a 202 MW (megawatt)
 order worth Rs 1,149-crore from Techno Electric Group, a
 Kolkata-based engineering firm, for developing 500 MW of new
 capacity.
 
 - Suzlon Energy Ltd has own 74.8 MW order in Germany.
 
 -Suzlon Energy Ltd Issues Rights in the Ratio of 2:15
 
 2011
 
 - India's Suzlon Energy Ltd said that it had bagged an order worth
 .28 billion from India unit of Caparo Energy Ltd. Suzlon Energy
 which is the third-largest wind turbine manufacturer in the world
 plans to complete the 1000MW  wind energy project by 2013.
 
 - The shares of Suzlon Energy on Wednesday rose, after the company
 won order from Gujarat
 
 - REpower bagged 47 MW wind projects from France based GDF SUEZ
 group
 
 - REpower inked deal with Swedish Vattenfall for 36 wind turbines
 
 - REpower and Alerion CleanPower signed contract for 44 megawatt wind
 farm project in Italy
 
 - REpower and EDF EN Canada Inc. conclude contract for 150-megawatt
 wind farm in Canada
 
 - Suzlon - REpower signed contract for 12MW turn-key wind project in
 France
 
 - Suzlon Energy Ltd through its subsidiary, acquired stake in REpower
 Systems AG, Germany (REpower), a German stock corporation
 
 - Suzlon Group signs MoU with Gujarat Government to develop 1,000 MW
 of wind power
 
 - Suzlon - Suzlon receives 50.4 MW order from National Aluminium
 Company Ltd
 
 - Suzlon Energy Ltd has informed BSE regarding a Press Release dated
 January 21, 2011 titled Suzlon secures 218 MW order in Brazil
 
 - Suzlon-subsidiary SEFORGE won Rs. 200 cr wind sector orders.
 
 - Suzlon Energy launched new range of wind turbine machines
 
 - Suzlon Energy signed South African wind turbine deal
 
 - Suzlon Energy signed contract with ACED to set wind turbines
 
 
 2012
 
 - Suzlon Group entered Romanian wind energy market with 25 MW order
 win, new subsidiary.
 
 - Suzlon - Suzlon Group signed 332 MW offshore contract with RWE
 Innogy
 
 - Suzlon - Suzlon Group signed contract for 131 MW Australian wind
 farm project
 
 - Suzlon - Suzlon Group signed EoI for 2,500 MW of wind power with
 the Government of Karnataka
 
 - Suzlon - Suzlon wins 120 MW order in western USA
 
 - Suzlon Energy entered into contract with Continuum Wind Energy
 
 - Suzlon Energy's subsidiary bags order of 22MW in Portugal
 
 - Wind turbine major Suzlon Energy said its subsidiary REpower
 Systems has entered into a contract with Austrian operator Windkraft
 Simonfield AG for delivery of eight 3.2M114 wind turbines. 
 
 - Suzlon Energy’s arm SEFORGE inks Rs 367 crore deal with a
 wind major
 
 - Wind turbines major Suzlon Energy said that one of its subsidiary
 SEFORGE Limited has won an important supply agreement of worth Rs 600
 crore with global bearings manufacturing.
 
 2013
 
 - Wind energy major, Suzlon Energy said its subsidiary has secured
 two new orders totalling 16.4 MW for supplying wind turbines for a
 new wind farm at Wear Point, Pembrokeshire and Avonmouth, South West
 England.
 
 - Suzlon Group inks 50 MW order with Orange Renewable Power
 
 - Suzlon Energy Ltd. - Suzlon Group wins two new UK orders
 
 - Suzlon crosses 1,000 MW in Kutch; developing Indias largest wind
 park
 
 2014
 -Suzlon receives the prestigious CII-ITC Sustainability Award and the
 Thomson Reuters India Innovation Award for 2014.
 -Suzlon Group Wins 150 MW of orders from New and Existing customers.
 -Suzlon Group successfully acquires Big Sky wind park from Edison
 Mission Energy.
 -Suzlon&rsquo 4 wind power orders from UK.
 
 2015
 - Presidents of Brazil and Uruguay inaugurate Suzlon powered 65 MW
 Wind Energy Park in Uruguay
 - Suzlon group awarded 90MW order by ReNew Power
 - Suzlon achieves a milestone by surpassing 2,000 MW installations in
 Maharashtra
 
 2016
 -Suzlon wins 197.40 MW repeat order from one of the leading renewable
 energy Independent Power Producers (IPP) Company.
 -Suzlon bags repeat order from leading IPP company.
 -Suzlon wins another 50.40MW order from Hindustan Petroleum
 Corporation Limited.
 -Suzlon Energy  has won another order from National Aluminum Company
 (NALCO) for a 50.40MW capacity wind power project in India. 
 -Suzlon bags wind power project from GIPL.
 -Suzlon Energy has bagged a 105MW order from Greenko Group, marking
 the first award for Suzlon from the biggest renewable power producer,
 having more than 1 GW of operating assets.
 -Suzlon Energy enters into JV with CLP India.
 - Suzlon bags the Golden Peacock Eco-Innovation Award for its S97 120
 meter hybrid tower wind turbine.
 -Suzlon Energy signs agreement for solar power project.
 
 2017
 -Suzlon secures 105 MW maiden order from Axis Energy Group.
 -Suzlon awarded 226.8 MW order from leading IPP Company.
 -Suzlon achieves 10,000 MW installed wind energy milestone in India.
 -Suzlon wins 50.40 MW repeat order from a leading power utility
 -Suzlon bags repeat order for power project in Karnataka
 -Suzlon bags 100 MW wind power project from ReNew Power.
 -Suzlon bags power project from Alfanar Group
Source : Dion Global Solutions Limited
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