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Suzlon group chief financial office Kirti Vagadia said the wind market is expected to grow at around 30 percent this fiscal to over 4,400 mw, compared to 3,415 mw in 2015-16.
JP Chalasani, Group CEO, Suzlon, said, "FY16 performance demonstrates our resurgence with a strong and sustainable turnaround. Suzlon is best equipped to cater to the domestic demand and deliver on the government target of 60 GW wind by 2022.
Uruguay aims to increase its energy from renewables in its total primary consumption to 50 per cent by 2015 as compared to about 40 percent in 2012. The 65.1 MW project will light up 20,300 households in Uruguay with clean energy.
Coromandel Wind Energy Limited (CWE), a Chennai head-quartered wind energy IPP, has signed an agreement with India’s largest wind turbine manufacturer - Suzlon Group for its maiden wind power project.
With its German subsidiary REpower coming fully under its control, world's fifth largest wind turbine maker Suzlon expects to shave off 200 million euros from its overall cost-structure next fiscal, which primarily involves sourcing more components from India and China.
REpower Systems SE – wholly-owned subsidiary of Suzlon Group – has concluded a contract with EverPower for the delivery of a total of 68 wind turbines. REpower MM92 type turbines are destined for the Twin Ridges wind project in Somerset County, north of the Maryland-Pennsylvania border.
